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DCF Valuation
Base-case fair value
$21.51
Intrinsic $28.69 · 25% MOS
Current price: $33.42
Base-case summary
Our base-case DCF for General Mills Inc (GIS) projects 10 years of free cash flow growth at 2.0% for years 1–5 and 1.0% for years 6–10, anchored to a default 8% growth assumption, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $1.7B in trailing free cash flow, this produces an intrinsic value of $28.69 per share. A 25% safety margin gives a fair value of $21.51, suggesting the stock is currently 36% overvalued against the $33.42 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$1.7B
Cash & equivalents
$786M
Total debt
$14.0B
Shares outstanding
537M