Citigroup Inc.

DB:TRVC Stock Report

Market Cap: €129.8b

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 (€68.45) is trading below our estimate of fair value (€157.24)

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$133.13b

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 Average11.7x
CBK Commerzbank
8.7x8.9%€18.4b
PCZ ProCredit Holding
4.4x12.2%€454.7m
600036 China Merchants Bank
6.9x6.4%CN¥959.6b
CBA Commonwealth Bank of Australia
27.1x4.4%AU$256.2b
TRVC Citigroup
19.9x31.0%€133.1b

Price-To-Earnings vs Peers: TRVC is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the peer average (11.7x).

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. 7.8xNo. of Companies42PE0612182430+
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 (7.8x).

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 Ratio18.7x

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 (18.7x).

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€68.45
€78.24
+14.3%
14.9%€107.25€64.35n/a19
Dec ’25€66.64
€73.00
+9.5%
14.4%€103.95€62.37n/a19
Nov ’25€58.72
€68.30
+16.3%
9.1%€84.13€59.17n/a19
Oct ’25€55.20
€65.70
+19.0%
10.1%€78.60€56.91n/a19
Sep ’25€55.57
€64.72
+16.5%
9.6%€77.94€55.55n/a20
Aug ’25€60.10
€66.86
+11.3%
9.6%€79.55€57.35n/a20
Jul ’25€59.28
€63.72
+7.5%
10.5%€79.35€51.34n/a22
Jun ’25€57.32
€63.46
+10.7%
10.3%€80.44€51.44n/a22
May ’25€57.85
€63.46
+9.7%
10.3%€80.44€51.44n/a22
Apr ’25€58.25
€59.30
+1.8%
13.4%€81.93€46.55n/a22
Mar ’25€51.30
€56.81
+10.7%
15.3%€88.13€39.89n/a23
Feb ’25€51.55
€56.11
+8.8%
16.0%€87.92€39.80n/a23
Jan ’25€46.36
€48.80
+5.3%
20.3%€76.95€36.21€67.8323
Dec ’24€43.02
€46.36
+7.8%
20.6%€78.10€36.75€66.6423
Nov ’24€37.64
€48.16
+28.0%
19.5%€77.60€39.75€58.7222
Oct ’24€39.06
€49.74
+27.3%
17.3%€76.64€40.69€55.2022
Sep ’24€38.48
€49.50
+28.6%
17.6%€78.91€39.92€55.5722
Aug ’24€43.12
€48.58
+12.7%
18.1%€78.37€40.08€60.1022
Jul ’24€42.24
€51.22
+21.3%
17.2%€76.98€41.24€59.2822
Jun ’24€41.36
€52.10
+26.0%
16.4%€73.71€41.99€57.3222
May ’24€42.60
€51.91
+21.8%
15.3%€71.36€41.17€57.8522
Apr ’24€42.82
€51.95
+21.3%
16.5%€69.49€37.99€58.2522
Mar ’24€47.31
€53.07
+12.2%
18.3%€81.04€38.19€51.3022
Feb ’24€47.25
€52.17
+10.4%
17.8%€76.52€37.80€51.5522
Jan ’24€42.08
€52.70
+25.3%
20.2%€82.01€39.59€46.3623

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 03:27
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Citigroup Inc. is covered by 60 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen BiggarArgus Research Company
Jason GoldbergBarclays
Peter RichardsonBerenberg