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Citrix Systems

WBAG:CTXS
Snowflake Description

Proven track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CTXS
WBAG
$13B
Market Cap
  1. Home
  2. AT
  3. Software
Company description

Citrix Systems, Inc. provides workspace, networking, and analytics solutions worldwide. The last earnings update was 62 days ago. More info.


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CTXS Share Price and Events
7 Day Returns
-2.3%
WBAG:CTXS
0.8%
Europe Software
3.4%
AT Market
1 Year Returns
11.5%
WBAG:CTXS
14.1%
Europe Software
-2%
AT Market
CTXS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Citrix Systems (CTXS) -2.3% -1.8% -8.3% 11.5% - -
Europe Software 0.8% 2.2% 13.4% 14.1% 46.6% 87.1%
AT Market 3.4% 6% 10.1% -2% 43.4% 29.5%
1 Year Return vs Industry and Market
  • CTXS underperformed the Software industry which returned 14.1% over the past year.
  • CTXS outperformed the Market in Austria which returned -2% over the past year.
Price Volatility
CTXS
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Citrix Systems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Citrix Systems to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Citrix Systems.

WBAG:CTXS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:CTXS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.135 (1 + (1- 21%) (14.39%))
1.177
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.177 * 5.96%)
7.52%

Discounted Cash Flow Calculation for WBAG:CTXS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Citrix Systems is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:CTXS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.52%)
2019 981.84 Analyst x7 913.13
2020 1,039.03 Analyst x7 898.70
2021 1,081.71 Est @ 4.11% 870.13
2022 1,114.46 Est @ 3.03% 833.74
2023 1,139.79 Est @ 2.27% 793.02
2024 1,159.66 Est @ 1.74% 750.39
2025 1,175.59 Est @ 1.37% 707.46
2026 1,188.70 Est @ 1.11% 665.28
2027 1,199.79 Est @ 0.93% 624.50
2028 1,209.46 Est @ 0.81% 585.48
Present value of next 10 years cash flows $7,641.83
WBAG:CTXS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,209.46 × (1 + 0.51%) ÷ (7.52% – 0.51%)
$17,329.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $17,329.95 ÷ (1 + 7.52%)10
$8,389.15
WBAG:CTXS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $7,641.83 + $8,389.15
$16,030.99
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $16,030.99 / 131.73
$121.7
WBAG:CTXS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:CTXS represents 0.87894x of NasdaqGS:CTXS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87894x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 121.70 x 0.87894
€106.97
Value per share (EUR) From above. €106.97
Current discount Discount to share price of €87.99
= -1 x (€87.99 - €106.97) / €106.97
17.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Citrix Systems is available for.
Intrinsic value
18%
Share price is €87.99 vs Future cash flow value of €106.97
Current Discount Checks
For Citrix Systems to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Citrix Systems's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Citrix Systems's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Citrix Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Citrix Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:CTXS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $4.23
NasdaqGS:CTXS Share Price ** NasdaqGS (2019-04-18) in USD $100.11
Europe Software Industry PE Ratio Median Figure of 138 Publicly-Listed Software Companies 29.01x
Austria Market PE Ratio Median Figure of 51 Publicly-Listed Companies 14.73x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Citrix Systems.

WBAG:CTXS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CTXS Share Price ÷ EPS (both in USD)

= 100.11 ÷ 4.23

23.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Citrix Systems is good value based on earnings compared to the Europe Software industry average.
  • Citrix Systems is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does Citrix Systems's expected growth come at a high price?
Raw Data
WBAG:CTXS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
2.9%per year
Europe Software Industry PEG Ratio Median Figure of 75 Publicly-Listed Software Companies 2.12x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

WBAG:CTXS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.66x ÷ 2.9%

8.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Citrix Systems is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Citrix Systems's assets?
Raw Data
WBAG:CTXS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $4.20
NasdaqGS:CTXS Share Price * NasdaqGS (2019-04-18) in USD $100.11
Europe Software Industry PB Ratio Median Figure of 242 Publicly-Listed Software Companies 2.77x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.27x
WBAG:CTXS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CTXS Share Price ÷ Book Value per Share (both in USD)

= 100.11 ÷ 4.20

23.86x

* Primary Listing of Citrix Systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Citrix Systems is overvalued based on assets compared to the Europe Software industry average.
X
Value checks
We assess Citrix Systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Citrix Systems has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Citrix Systems expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Citrix Systems expected to grow at an attractive rate?
  • Citrix Systems's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Citrix Systems's earnings growth is positive but not above the Austria market average.
  • Citrix Systems's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:CTXS Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:CTXS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 2.9%
WBAG:CTXS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 5%
Europe Software Industry Earnings Growth Rate Market Cap Weighted Average 15.2%
Europe Software Industry Revenue Growth Rate Market Cap Weighted Average 8.3%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:CTXS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:CTXS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 4,119 1
2022-12-31 3,808 1
2021-12-31 3,409 3
2020-12-31 3,226 1,135 611 17
2019-12-31 3,085 1,093 548 17
WBAG:CTXS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,974 1,035 576
2018-09-30 2,950 1,083 126
2018-06-30 2,908 1,037 94
2018-03-31 2,859 1,017 96
2017-12-31 2,825 908 22
2017-09-30 2,781 914 484
2017-06-30 2,759 947 469
2017-03-31 2,740 1,025 467
2016-12-31 2,736 1,116 470
2016-09-30 2,906 1,139 423
2016-06-30 3,051 1,110 367
2016-03-31 3,174 1,083 364

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Citrix Systems's earnings are expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
  • Citrix Systems's revenue is expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:CTXS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Citrix Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:CTXS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 4.56 4.96 3.83 8.00
2019-12-31 3.98 4.21 3.38 9.00
WBAG:CTXS Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 4.23
2018-09-30 0.90
2018-06-30 0.65
2018-03-31 0.65
2017-12-31 0.15
2017-09-30 3.17
2017-06-30 3.05
2017-03-31 3.01
2016-12-31 3.03
2016-09-30 2.73
2016-06-30 2.35
2016-03-31 2.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Citrix Systems is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Citrix Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Citrix Systems has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Citrix Systems performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Citrix Systems's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Citrix Systems's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Citrix Systems's 1-year earnings growth exceeds its 5-year average (2518.5% vs -1.6%)
  • Citrix Systems's earnings growth has exceeded the Europe Software industry average in the past year (2518.5% vs 15.8%).
Earnings and Revenue History
Citrix Systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Citrix Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:CTXS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,973.90 575.67 1,389.58 439.98
2018-09-30 2,949.89 126.06 1,334.74 422.37
2018-06-30 2,908.34 93.92 1,314.97 417.93
2018-03-31 2,859.20 95.92 1,300.34 411.68
2017-12-31 2,824.69 21.99 1,308.18 415.80
2017-09-30 2,781.41 484.45 1,333.66 407.23
2017-06-30 2,759.22 469.47 1,328.89 401.86
2017-03-31 2,739.98 466.93 1,304.71 395.81
2016-12-31 2,736.08 469.86 1,290.68 395.37
2016-09-30 2,906.26 422.55 1,349.55 444.63
2016-06-30 3,050.79 366.74 1,398.82 482.01
2016-03-31 3,173.57 363.73 1,449.69 521.57
2015-12-31 2,646.15 215.13 1,292.23 480.96
2015-09-30 3,222.31 283.32 1,538.64 565.92
2015-06-30 3,168.04 274.92 1,557.88 564.67
2015-03-31 3,152.84 224.67 1,578.51 564.84
2014-12-31 3,142.86 251.72 1,579.46 553.82
2014-09-30 3,093.79 295.14 1,545.68 538.37
2014-06-30 3,047.53 324.34 1,516.85 527.54
2014-03-31 2,996.35 335.77 1,504.53 519.46
2013-12-31 2,918.43 339.52 1,476.92 516.34
2013-09-30 2,856.01 314.91 1,454.35 512.05
2013-06-30 2,784.70 316.42 1,419.14 499.71
2013-03-31 2,669.53 343.97 1,355.64 477.44
2012-12-31 2,586.12 352.55 1,306.09 450.57
2012-09-30 2,465.49 347.22 1,250.10 430.44
2012-06-30 2,389.42 361.15 1,197.69 412.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Citrix Systems made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Citrix Systems used its assets more efficiently than the Europe Software industry average last year based on Return on Assets.
  • Citrix Systems has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Citrix Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Citrix Systems has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Citrix Systems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Citrix Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Citrix Systems's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Citrix Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Citrix Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Citrix Systems Company Filings, last reported 3 months ago.

WBAG:CTXS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 551.52 1,897.27 1,202.38
2018-09-30 753.22 2,157.52 1,833.88
2018-06-30 636.18 2,147.43 1,509.08
2018-03-31 523.38 2,137.42 1,464.96
2017-12-31 992.46 2,127.47 1,747.65
2017-09-30 1,995.61 1,416.67 1,503.76
2017-06-30 1,881.70 1,397.09 1,355.86
2017-03-31 1,733.74 1,457.58 1,414.10
2016-12-31 2,608.73 1,348.16 1,563.02
2016-09-30 2,351.74 1,338.78 1,663.01
2016-06-30 2,242.05 1,329.48 1,350.83
2016-03-31 2,068.08 1,320.24 1,155.75
2015-12-31 1,973.45 1,311.07 871.37
2015-09-30 2,084.69 1,316.89 1,072.80
2015-06-30 2,224.84 1,308.85 872.49
2015-03-31 2,100.33 1,395.87 983.32
2014-12-31 2,173.65 1,292.95 789.41
2014-09-30 2,096.34 1,285.09 747.22
2014-06-30 2,103.90 1,277.29 820.40
2014-03-31 3,414.02 0.00 829.28
2013-12-31 3,319.81 0.00 734.72
2013-09-30 3,400.80 0.00 694.67
2013-06-30 3,276.19 0.00 700.15
2013-03-31 3,194.15 0.00 657.94
2012-12-31 3,121.78 0.00 928.63
2012-09-30 3,036.04 0.00 683.05
2012-06-30 2,929.98 0.00 1,297.78
  • Citrix Systems's level of debt (344%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 344% today).
  • Debt is well covered by operating cash flow (54.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.3x coverage).
X
Financial health checks
We assess Citrix Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Citrix Systems has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Citrix Systems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.4%
Current annual income from Citrix Systems dividends. Estimated to be 0% next year.
If you bought €2,000 of Citrix Systems shares you are expected to receive €28 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Citrix Systems's pays a lower dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • Citrix Systems's dividend is below the markets top 25% of dividend payers in Austria (4.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:CTXS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
Europe Software Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 1.5%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.4%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:CTXS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00
WBAG:CTXS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-10-24 1.400 1.345

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Citrix Systems has stable dividend payments.
  • Citrix Systems only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Citrix Systems's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (12.1x coverage).
Future Payout to shareholders
  • No need to calculate the sustainability of Citrix Systems's dividends in 3 years as they are not expected to pay a notable one for Austria.
X
Income/ dividend checks
We assess Citrix Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Citrix Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Citrix Systems has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Citrix Systems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Henshall
COMPENSATION $10,321,290
AGE 50
TENURE AS CEO 1.8 years
CEO Bio

Mr. David James Henshall has been Chief Executive Officer and President at Citrix Systems, Inc. since July 10, 2017. Mr. Henshall served as an Executive Vice President and Treasurer at Citrix Systems, Inc. from September 2011 to July 10, 2017, Chief Financial Officer from April 2003 to July 10, 2017 and Chief Operating Officer from February 2014 to July 10, 2017. Mr. Henshall served as a Vice President of Finance of Citrix Systems, Inc. since April 2003 until January 2006 and also served as its Principal Accounting Officer until February 12, 2015. Mr. Henshall served as the Acting Chief Executive Officer and President of Citrix Systems, Inc. from October 2013 to February 2014. He served as a Senior Vice President of Finance at Citrix Systems since January 2006 until September 2011. He served as the President and Treasurer of Reflectent Software, Inc. Prior to joining Citrix Systems, he served as Chief Financial Officer at Rational Software Corp. since April 2002, Senior Vice President since January 2006, Vice President from April 2002 to January 2006 and Treasurer since July 1999 and Secretary from April 2002 to 2003; Vice President of Finance from 2001 to 2002; Treasurer from 1999 to 2001 and Assistant Treasurer from February 1998 to July 1999. He held several finance positions from 1993 to 1998 with Cypress Semiconductor Corp., a semiconductor company and from 1990 to 1993 at Samsung Semiconductor Corp., a semiconductor company. He has been a Director at LogMeIn, Inc. since January 31, 2017. He has been a Director at Citrix Systems, Inc. since July 10, 2017. He served as a Director at American Electronics Association. He served as a Director of Gomez, Inc. since April 2008. He was Director of Everbridge, Inc. from July 2015 to May 17, 2018. Mr. Henshall holds a Master's Degree in Business Administration from Santa Clara University and a bachelor's degree in finance from the University of Arizona.

CEO Compensation
  • David's compensation has increased by more than 20% in the past year.
  • Insufficient data for David to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Citrix Systems management team in years:

3
Average Tenure
51
Average Age
  • The tenure for the Citrix Systems management team is about average.
Management Team

David Henshall

TITLE
CEO, President & Director
COMPENSATION
$10M
AGE
50
TENURE
1.8 yrs

Donna Kimmel

TITLE
Senior VP & Chief People Officer
COMPENSATION
$5M
AGE
55
TENURE
3.4 yrs

Mark Coyle

TITLE
Senior Vice President of Finance
COMPENSATION
$3M
AGE
60

Mark Ferrer

TITLE
Executive VP & Chief Revenue Officer
COMPENSATION
$4M
AGE
58
TENURE
1.6 yrs

Drew Matto

TITLE
Executive VP & CFO
AGE
59
TENURE
1.2 yrs

Jessica Soisson

TITLE
VP, Chief Accounting officer & Corporate Controller
AGE
44
TENURE
3 yrs

Traci Tsuchiguchi

TITLE
Vice President of Investor Relations
AGE
43

Tony Gomes

TITLE
Executive VP
AGE
51
TENURE
4 yrs

Tim Minahan

TITLE
Senior VP & CMO
COMPENSATION
$3M
AGE
48
TENURE
3.4 yrs

Isaac Leonard

TITLE
Senior Director of Corporate Development & Corporate Venture Capital
Board of Directors Tenure

Average tenure and age of the Citrix Systems board of directors in years:

2.5
Average Tenure
57.5
Average Age
  • The average tenure for the Citrix Systems board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bob Calderoni

TITLE
Chairman of the Board
COMPENSATION
$9M
AGE
58
TENURE
3.8 yrs

David Henshall

TITLE
CEO, President & Director
COMPENSATION
$10M
AGE
50
TENURE
1.8 yrs

Nanci Caldwell

TITLE
Lead Independent Director
COMPENSATION
$477K
AGE
60
TENURE
1 yrs

Bob Daleo

TITLE
Director
COMPENSATION
$356K
AGE
68
TENURE
5.9 yrs

Peter Sacripanti

TITLE
Director
COMPENSATION
$472K
AGE
62
TENURE
3.3 yrs

Murray Demo

TITLE
Director
COMPENSATION
$328K
AGE
57
TENURE
14.2 yrs

Jesse Cohn

TITLE
Director
COMPENSATION
$360K
AGE
37
TENURE
3.8 yrs

Ajei Gopal

TITLE
Independent Director
COMPENSATION
$272K
AGE
56
TENURE
1.6 yrs

Moira Kilcoyne

TITLE
Director
AGE
56
TENURE
0.8 yrs

Tom Hogan

TITLE
Director
AGE
58
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
28. Dec 18 Sell Mark Ferrer Individual 27. Dec 18 27. Dec 18 -1,388 €87.77 €-121,829
14. Dec 18 Sell Jessica Soisson Individual 13. Dec 18 13. Dec 18 -1,466 €97.56 €-143,020
30. Nov 18 Sell Elliott Management Corporation Company 29. Nov 18 29. Nov 18 -1,000,000 €97.68 €-97,678,620
30. Aug 18 Sell Jessica Soisson Individual 29. Aug 18 29. Aug 18 -1,136 €97.28 €-110,514
16. May 18 Sell Jessica Soisson Individual 14. May 18 14. May 18 -3,281 €89.76 €-294,512
X
Management checks
We assess Citrix Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Citrix Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Citrix Systems, Inc. provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both. Its workspace services also comprise Citrix Endpoint Management enterprise mobility management solutions; and Citrix Workspace Suite, which provides apps, desktops, branch networking and WAN, enterprise mobility management, and data people need for business productivity. In addition, the company offers networking products comprising Citrix ADC, a software-defined application delivery controller designed for organizations undergoing digital transformation; and Citrix SD-WAN that enhances applications delivered from the legacy data center, cloud, or SaaS. Further, it provides content collaboration offerings that include Citrix Content Collaboration, a cloud-based file sharing and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices for businesses. Additionally, the company offers support, hardware maintenance, professional consulting, and product training and certification services. It markets and licenses its products through resellers, distributors, systems integrators, independent software vendors, original equipment manufacturers, and service providers. The company was formerly known as Citrus Systems, Inc. Citrix Systems, Inc. was founded in 1989 and is headquartered in Fort Lauderdale, Florida.

Details
Name: Citrix Systems, Inc.
CTXS
Exchange: WBAG
Founded: 1989
$11,731,220,266
131,725,833
Website: http://www.citrix.com
Address: Citrix Systems, Inc.
851 West Cypress Creek Road,
Fort Lauderdale,
Florida, 33309,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CTXS Common Stock Nasdaq Global Select US USD 08. Dec 1995
DB CTX Common Stock Deutsche Boerse AG DE EUR 08. Dec 1995
WBAG CTXS Common Stock Wiener Boerse AG AT EUR 08. Dec 1995
Number of employees
Current staff
Staff numbers
8,200
Citrix Systems employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:33
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/03
Last earnings filing: 2019/02/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.