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General Mills (BSP:G1MI34) Cyclically Adjusted Price-to-FCF : 15.85 (As of Jun. 04, 2024)


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What is General Mills Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), General Mills's current share price is R$356.40. General Mills's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was R$22.48. General Mills's Cyclically Adjusted Price-to-FCF for today is 15.85.

The historical rank and industry rank for General Mills's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:G1MI34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.9   Med: 18.22   Max: 28.09
Current: 14.94

During the past years, General Mills's highest Cyclically Adjusted Price-to-FCF was 28.09. The lowest was 11.90. And the median was 18.22.

BSP:G1MI34's Cyclically Adjusted Price-to-FCF is ranked better than
68.44% of 716 companies
in the Consumer Packaged Goods industry
Industry Median: 23.065 vs BSP:G1MI34: 14.94

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

General Mills's adjusted free cash flow per share data for the three months ended in Feb. 2024 was R$6.508. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$22.48 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


General Mills Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for General Mills's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

General Mills Cyclically Adjusted Price-to-FCF Chart

General Mills Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.60 18.37 16.35 16.22 19.23

General Mills Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.19 19.23 15.36 14.23 14.15

Competitive Comparison of General Mills's Cyclically Adjusted Price-to-FCF

For the Packaged Foods subindustry, General Mills's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


General Mills's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where General Mills's Cyclically Adjusted Price-to-FCF falls into.



General Mills Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

General Mills's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=356.40/22.48
=15.85

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

General Mills's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, General Mills's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=6.508/130.9299*130.9299
=6.508

Current CPI (Feb. 2024) = 130.9299.

General Mills Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 2.000 100.373 2.609
201408 0.652 100.352 0.851
201411 1.506 99.635 1.979
201502 2.409 99.032 3.185
201505 3.781 100.333 4.934
201508 1.620 100.548 2.110
201511 3.578 100.135 4.678
201602 3.403 100.040 4.454
201605 3.766 101.355 4.865
201608 1.139 101.617 1.468
201611 3.022 101.829 3.886
201702 2.223 102.779 2.832
201705 2.977 103.256 3.775
201708 2.543 103.587 3.214
201711 4.682 104.072 5.890
201802 2.402 105.052 2.994
201805 2.944 106.148 3.631
201808 3.225 106.383 3.969
201811 4.058 106.338 4.996
201902 3.185 106.649 3.910
201905 3.992 108.048 4.837
201908 3.304 108.245 3.996
201911 5.401 108.519 6.516
202002 4.202 109.139 5.041
202005 12.113 108.175 14.661
202008 4.117 109.662 4.915
202011 6.454 109.793 7.696
202102 5.776 110.968 6.815
202105 5.057 113.576 5.830
202108 2.269 115.421 2.574
202111 9.151 117.269 10.217
202202 5.127 119.703 5.608
202205 7.077 123.323 7.514
202208 2.527 124.958 2.648
202211 5.916 125.607 6.167
202302 6.069 126.928 6.260
202305 3.446 128.314 3.516
202308 1.959 129.538 1.980
202311 8.106 129.548 8.192
202402 6.508 130.930 6.508

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


General Mills  (BSP:G1MI34) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


General Mills Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of General Mills's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


General Mills (BSP:G1MI34) Business Description

Traded in Other Exchanges
Address
Number One General Mills Boulevard, Minneapolis, MN, USA, 55426
General Mills is a global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2023, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.

General Mills (BSP:G1MI34) Headlines

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