Citigroup Inc.

XTRA:TRVC Stock Report

Market Cap: €128.0b

Citigroup Valuation

Is TRVC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TRVC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TRVC (€67.2) is trading below our estimate of fair value (€139.29)

Significantly Below Fair Value: TRVC is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TRVC?

Key metric: As TRVC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TRVC. This is calculated by dividing TRVC's market cap by their current earnings.
What is TRVC's PE Ratio?
PE Ratio19.9x
EarningsUS$6.70b
Market CapUS$133.24b

Price to Earnings Ratio vs Peers

How does TRVC's PE Ratio compare to its peers?

The above table shows the PE ratio for TRVC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8x
CBK Commerzbank
8.5x8.8%€18.2b
PCZ ProCredit Holding
4.2x9.9%€450.0m
600036 China Merchants Bank
6.5x6.7%CN¥901.7b
8306 Mitsubishi UFJ Financial Group
12.8x4.8%JP¥21.3t
TRVC Citigroup
19.9x30.4%€133.2b

Price-To-Earnings vs Peers: TRVC is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the peer average (8x).

Price to Earnings Ratio vs Industry

How does TRVC's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TRVC 19.9xIndustry Avg. 7.4xNo. of Companies46PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TRVC is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the European Banks industry average (7.4x).

Price to Earnings Ratio vs Fair Ratio

What is TRVC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TRVC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.9x
Fair PE Ratio18.5x

Price-To-Earnings vs Fair Ratio: TRVC is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the estimated Fair Price-To-Earnings Ratio (18.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TRVC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€67.20
€73.09
+8.8%
13.9%€104.94€62.96n/a19
Nov ’25€59.08
€68.01
+15.1%
9.1%€83.77€58.91n/a19
Oct ’25€55.69
€65.70
+18.0%
10.1%€78.60€56.91n/a19
Sep ’25€55.87
€64.72
+15.8%
9.6%€77.94€55.55n/a20
Aug ’25€58.40
€66.86
+14.5%
9.6%€79.55€57.35n/a20
Jul ’25€59.15
€63.72
+7.7%
10.5%€79.35€51.34n/a22
Jun ’25€57.12
€63.46
+11.1%
10.3%€80.44€51.44n/a22
May ’25€57.84
€63.46
+9.7%
10.3%€80.44€51.44n/a22
Apr ’25€58.35
€59.30
+1.6%
13.4%€81.93€46.55n/a22
Mar ’25€51.45
€56.81
+10.4%
15.3%€88.13€39.89n/a23
Feb ’25€52.10
€56.11
+7.7%
16.0%€87.92€39.80n/a23
Jan ’25€46.54
€48.80
+4.9%
20.3%€76.95€36.21n/a23
Dec ’24€42.84
€46.36
+8.2%
20.6%€78.10€36.75n/a23
Nov ’24€37.42
€48.16
+28.7%
19.5%€77.60€39.75€59.0822
Oct ’24€39.16
€49.74
+27.0%
17.3%€76.64€40.69€55.6922
Sep ’24€38.40
€49.50
+28.9%
17.6%€78.91€39.92€55.8722
Aug ’24€42.84
€48.58
+13.4%
18.1%€78.37€40.08€58.4022
Jul ’24€42.40
€51.22
+20.8%
17.2%€76.98€41.24€59.1522
Jun ’24€42.02
€52.10
+24.0%
16.4%€73.71€41.99€57.1222
May ’24€42.64
€51.91
+21.7%
15.3%€71.36€41.17€57.8422
Apr ’24€42.95
€51.95
+20.9%
16.5%€69.49€37.99€58.3522
Mar ’24€47.79
€53.07
+11.1%
18.3%€81.04€38.19€51.4522
Feb ’24€47.44
€52.17
+10.0%
17.8%€76.52€37.80€52.1022
Jan ’24€42.14
€52.70
+25.1%
20.2%€82.01€39.59€46.5423
Dec ’23€45.56
€53.48
+17.4%
21.1%€85.50€39.90€42.8422
Nov ’23€46.85
€56.27
+20.1%
19.3%€79.96€42.51€37.4222

Analyst Forecast: Target price is less than 20% higher than the current share price.

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