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Citigroup

NYSE:C
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
C
NYSE
$150B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The last earnings update was 26 days ago. More info.


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C Share Price and Events
7 Day Returns
1%
NYSE:C
1.8%
US Banks
1.2%
US Market
1 Year Returns
-12.3%
NYSE:C
-9%
US Banks
3%
US Market
C Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Citigroup (C) 1% 0% 23% -12.3% 51.8% 28.2%
US Banks 1.8% 0.6% 15.7% -9% 49.7% 41.2%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • C underperformed the Banks industry which returned -9% over the past year.
  • C underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
C
Industry
5yr Volatility vs Market

C Value

 Is Citigroup 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 Citigroup 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 Citigroup.

NYSE:C Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 19 analysts.
= Stable Book Value * Return on Equity
= $85.94 * 9.9%
$8.47
Book Value of Equity per Share Weighted future Book Value estimates from 18 analysts. $85.94
Discount Rate (Cost of Equity) See below 13.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NYSE:C
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.637 (1 + (1- 21%) (328.29%))
1.863
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.863 * 5.96%)
13.83%

Discounted Cash Flow Calculation for NYSE:C using Excess Returns Model Model

The calculations below outline how an intrinsic value for Citigroup is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:C Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.9% – 13.83%) * $85.94)
$-3.42
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-3.42 / (13.83% - 2.73%)
$-30.80
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $85.94 + $-30.80
$55.15
NYSE:C Discount to Share Price
Calculation Result
Value per share (USD) From above. $55.15
Current discount Discount to share price of $64.30
= -1 x ($64.30 - $55.15) / $55.15
-16.6%

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

  • The current share price of Citigroup is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Citigroup's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Citigroup's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:C PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $6.69
NYSE:C Share Price ** NYSE (2019-03-20) in USD $64.3
United States of America Banks Industry PE Ratio Median Figure of 587 Publicly-Listed Banks Companies 13.22x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

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

** Primary Listing of Citigroup.

NYSE:C PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:C Share Price ÷ EPS (both in USD)

= 64.3 ÷ 6.69

9.61x

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

  • Citigroup is good value based on earnings compared to the US Banks industry average.
  • Citigroup is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Citigroup's expected growth come at a high price?
Raw Data
NYSE:C PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts
1.5%per year
United States of America Banks Industry PEG Ratio Median Figure of 260 Publicly-Listed Banks Companies 1.21x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:C PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.61x ÷ 1.5%

6.32x

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

  • Citigroup is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Citigroup's assets?
Raw Data
NYSE:C PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $75.05
NYSE:C Share Price * NYSE (2019-03-20) in USD $64.3
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.24x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NYSE:C PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:C Share Price ÷ Book Value per Share (both in USD)

= 64.3 ÷ 75.05

0.86x

* Primary Listing of Citigroup.

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

  • Citigroup is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Citigroup'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 Banks 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 Banks industry average (and greater than 0)? (1 check)
  5. Citigroup has a total score of 3/6, 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.

C Future Performance

 How is Citigroup expected to perform in the next 1 to 3 years based on estimates from 24 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
1.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Citigroup expected to grow at an attractive rate?
  • Citigroup's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Citigroup's earnings growth is positive but not above the United States of America market average.
  • Citigroup's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:C Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:C Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts 1.5%
NYSE:C Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 24 Analysts 6.4%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.5%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
NYSE:C Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:C Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 77,590 16,688 6
2020-12-31 76,846 17,571 24
2019-12-31 74,415 17,015 24
NYSE:C Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 65,500 36,952 16,680
2018-09-30 65,050 24,940 -6,264
2018-06-30 64,840 21,345 -6,760
2018-03-31 64,655 1,421 -7,375
2017-12-31 65,272 -8,774 -7,937
2017-09-30 64,738 22,137 14,254
2017-06-30 64,479 11,252 14,034
2017-03-31 64,148 51,418 14,197
2016-12-31 64,048 53,733 13,698
2016-09-30 64,041 26,707 13,565
2016-06-30 65,137 42,458 14,043
2016-03-31 66,934 37,106 14,971

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Citigroup's earnings are expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).
  • Citigroup's revenue is expected to grow by 6.4% 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
NYSE:C Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below

All data from Citigroup Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:C Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 9.72 10.02 9.33 3.00
2020-12-31 8.67 9.29 8.10 23.00
2019-12-31 7.54 7.83 7.10 23.00
NYSE:C Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 6.69
2018-09-30 -2.46
2018-06-30 -2.60
2018-03-31 -2.79
2017-12-31 -2.94
2017-09-30 5.18
2017-06-30 5.01
2017-03-31 4.99
2016-12-31 4.74
2016-09-30 4.63
2016-06-30 4.75
2016-03-31 5.02

*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.
  • Citigroup is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Citigroup'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Citigroup has a total score of 0/6, 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.

C Past Performance

  How has Citigroup 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 Citigroup's growth in the last year to its industry (Banks).
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.
  • Citigroup's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Citigroup has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Citigroup has become profitable in the last year making it difficult to compare the US Banks industry average.
Earnings and Revenue History
Citigroup'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 Citigroup Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:C 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 65,500.00 16,680.00 32,216.00
2018-09-30 65,050.00 -6,264.00 32,493.00
2018-06-30 64,840.00 -6,760.00 32,518.00
2018-03-31 64,655.00 -7,375.00 32,482.00
2017-12-31 65,272.00 -7,937.00 32,151.00
2017-09-30 64,738.00 14,254.00 32,175.00
2017-06-30 64,479.00 14,034.00 32,006.00
2017-03-31 64,148.00 14,197.00 31,773.00
2016-12-31 64,048.00 13,698.00 31,845.00
2016-09-30 64,041.00 13,565.00 32,354.00
2016-06-30 65,137.00 14,043.00 32,492.00
2016-03-31 66,934.00 14,971.00 32,800.00
2015-12-31 69,246.00 16,303.00 32,775.00
2015-09-30 69,064.00 13,413.00 33,250.00
2015-06-30 70,068.00 12,027.00 34,178.00
2015-03-31 69,959.00 7,554.00 34,835.00
2014-12-31 70,391.00 6,690.00 35,417.00
2014-09-30 70,241.00 8,665.00 35,297.00
2014-06-30 68,379.00 8,943.00 34,924.00
2014-03-31 69,194.00 12,902.00 34,801.00
2013-12-31 69,120.00 12,932.00 35,156.00
2013-09-30 68,026.00 12,032.00 36,022.00
2013-06-30 63,041.00 9,514.00 36,389.00
2013-03-31 60,292.00 8,311.00 36,521.00
2012-12-31 58,732.00 7,407.00 36,378.00
2012-09-30 58,121.00 7,088.00 36,155.00
2012-06-30 64,636.00 10,339.00 36,195.00
2012-03-31 66,165.00 10,684.00 36,663.00

*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.
  • Citigroup has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Citigroup used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Citigroup improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Citigroup'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 Banks 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.
Citigroup has a total score of 0/6, 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.

C Health

 How is Citigroup's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Citigroup'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.
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 Citigroup Company Filings, last reported 2 months ago.

NYSE:C Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 197,074.00 494,049.00 675,398.00
2018-09-30 197,863.00 494,695.00 710,135.00
2018-06-30 200,968.00 505,296.00 698,898.00
2018-03-31 202,866.00 495,508.00 700,315.00
2017-12-31 201,672.00 485,023.00 627,569.00
2017-09-30 228,622.00 484,677.00 698,869.00
2017-06-30 231,107.00 468,368.00 681,688.00
2017-03-31 229,153.00 436,677.00 669,725.00
2016-12-31 226,143.00 436,626.00 636,487.00
2016-09-30 232,690.00 448,088.00 657,228.00
2016-06-30 233,021.00 449,923.00 652,874.00
2016-03-31 228,761.00 450,862.00 659,228.00
2015-12-31 223,092.00 428,066.00 590,742.00
2015-09-30 222,137.00 468,846.00 660,444.00
2015-06-30 220,825.00 479,325.00 672,000.00
2015-03-31 216,023.00 504,517.00 700,149.00
2014-12-31 211,696.00 524,721.00 696,011.00
2014-09-30 213,891.00 525,848.00 717,895.00
2014-06-30 213,099.00 520,713.00 732,150.00
2014-03-31 210,242.00 518,733.00 747,072.00
2013-12-31 206,133.00 532,837.00 734,476.00
2013-09-30 202,739.00 549,452.00 772,586.00
2013-06-30 197,826.00 552,605.00 760,611.00
2013-03-31 195,339.00 560,078.00 754,954.00
2012-12-31 190,997.00 557,387.00 709,284.00
2012-09-30 188,738.00 604,522.00 798,781.00
2012-06-30 185,839.00 623,932.00 774,565.00
2012-03-31 183,723.00 646,452.00 808,596.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Citigroup has an acceptable proportion of non-loan assets held.
  • Citigroup's liabilities are made up of primarily low risk sources of funding.
  • Loans at Citigroup are broadly funded by customer deposits.
  • Citigroup's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Citigroup has a sufficient allowance for bad loans.
  • Citigroup has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Citigroup'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. Citigroup has a total score of 6/6, 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.

C Dividends

 What is Citigroup'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
2.8%
Current annual income from Citigroup dividends. Estimated to be 3.36% next year.
If you bought $2,000 of Citigroup shares you are expected to receive $56 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?
  • Citigroup's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Citigroup's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
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
NYSE:C 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 24 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 470 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

NYSE:C Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 2.40 1.00
2021-12-31 2.60 7.00
2020-12-31 2.23 23.00
2019-12-31 1.96 24.00
NYSE:C Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-15 1.800 2.838
2018-10-18 1.800 3.003
2018-07-20 1.800 2.527
2018-04-25 1.280 1.871
2018-01-18 1.280 1.743
2017-10-18 1.280 1.723
2017-07-19 1.280 1.843
2017-04-03 0.640 1.030
2017-01-25 0.640 1.081
2016-10-21 0.640 1.144
2016-07-20 0.640 1.372
2016-04-01 0.200 0.455
2016-01-14 0.200 0.491
2015-10-22 0.200 0.381
2015-07-15 0.200 0.372
2015-04-29 0.200 0.363
2015-01-15 0.040 0.078
2014-10-22 0.040 0.075
2014-07-16 0.040 0.079
2014-04-23 0.040 0.084
2014-01-15 0.040 0.082
2013-10-17 0.040 0.078
2013-07-17 0.040 0.079
2013-04-25 0.040 0.081
2013-01-16 0.040 0.091
2012-10-17 0.040 0.106
2012-07-18 0.040 0.131
2012-04-18 0.040 0.141
2012-01-18 0.040 0.119
2011-10-19 0.040 0.142
2011-07-18 0.040 0.136
2011-05-13 0.040 0.100
2011-02-25 0.000 0.000
2011-01-18 0.000 0.000
2010-11-05 0.000 0.000
2010-10-18 0.000 0.000
2010-08-06 0.000 0.000
2010-07-16 0.000 0.000
2010-05-07 0.000 0.000
2010-04-19 0.000 0.000
2010-02-26 0.000 0.000
2010-01-19 0.000 0.000
2009-11-06 0.000 0.000
2009-10-15 0.000 0.000
2009-03-23 0.000 0.000

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

  • Whilst dividend payments have been stable, Citigroup has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Citigroup only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Citigroup's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
X
Income/ dividend checks
We assess Citigroup's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Citigroup afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Citigroup has a total score of 3/6, see the detailed checks below.


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

C Management

 What is the CEO of Citigroup'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
Mike Corbat
COMPENSATION $24,183,714
AGE 58
TENURE AS CEO 6.4 years
CEO Bio

Mr. Michael L. Corbat, also known as Mike, has been the Chief Executive Officer of Citigroup Inc. since October 16, 2012. Mr. Corbat served as the Chief Executive Officer at Nikko Citi Holdings, Inc. (also known as Citigroup Japan Holdings Corp.) since April 2009. He served as the Chief Executive Officer of Europe, Middle East and Africa at Citigroup Inc. from December 2011 to October 2012 and Citigroup Global Wealth Management from September 2008 to January 2009. He served as the Head of Corporate and Commercial Bank of Citigroup Inc. from March 2008 to September 2008. Mr. Corbat served as the Chief Executive Officer of Citi Holdings, Inc., a subsidiary of Citigroup, Inc., from January 2009 to December 2011 and also served as its Head of Brokerage and Asset Management Unit - Citi Holdings. He served as Interim Chief Executive Officer of Citi Holdings. He served as Chief Executive Officer of Citi Global Wealth Management (GWM) since September 2008 until January 2009. He served as an Executive Vice President of Citicorp. and Citibank. He served as a Head of Global Relationship Bank at Citigroup Inc. from March 2004 to April 2007 and served as its Chief Executive Officer of Global Wealth Management unit, Managing Director of Global Corporate Bank - Citi Markets & Banking until September 2008 and served as its Head of Global Corporate Bank from April 2007 to March 2008. He also held a number of positions at Salomon Brothers, one of Citi's predecessor companies, including Managing Director roles in Emerging Markets, High Yield and Derivatives. He serves as the Chief Executive Officer of Citigroup at Citibank Europe plc, organizacni slozka.He serves as the Chief Executive Officer of Citigroup at Citigroup Pty Limited. He served as the Head of Corporate and Investment Banking at Citigroup Inc. Mr. Corbat served as the Head of Global Emerging Markets Debt of Citigroup, where he was responsible for its Origination, Trading and Sales of Emerging Markets Fixed Income Debt. He joined Citigroup in 1983 in the Fixed Income Sales Department in Atlanta and worked in New York and London. He serves as Vice Chairman of the Supervisory Board at The Clearing House Association. He serves as Vice Chairman of The Partnership for New York City, Inc. Mr. Corbat has been a Director at Citigroup Inc. since October 16, 2012. He serves as Co-Chair of New York City Partnership. He serves as President and Member of Federal Advisory Council at Board of Governors of the Federal Reserve System. He served as a Director of Citibank International Limited (Citibank International plc) since October 17, 2012. He serves as a Director of Institute of International Finance, Inc., The U.S. Ski & Snowboard Team Foundation and British American Business, Inc. He serves as a Member of the Planning Group of CIB. He is a Member of Financial Services Forum and International Business Council of WEF. He serves on the Board of Trustees of the Salisbury School and is a Member of the Board of Directors of the Swedish American Chamber of Commerce. Mr. Corbat holds a BA in Economics from the Harvard University in 1983.

CEO Compensation
  • Mike's compensation has increased in line with Citigroup recently becoming profitable.
  • Mike's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Citigroup management team in years:

3.8
Average Tenure
52.5
Average Age
  • The tenure for the Citigroup management team is about average.
Management Team

Mike Corbat

TITLE
CEO & Director
COMPENSATION
$24M
AGE
58
TENURE
6.4 yrs

Jamie Forese

TITLE
President & CEO of Institutional Clients Group
COMPENSATION
$21M
AGE
55
TENURE
6.2 yrs

Stephen Bird

TITLE
Chief Executive Officer of Global Consumer Banking
COMPENSATION
$11M
AGE
51

Jane Fraser

TITLE
Chief Executive Officer of Latin America Region
COMPENSATION
$9M
AGE
50
TENURE
9.9 yrs

Sandy Weill

TITLE
Chairman Emeritus and Senior Advisor
COMPENSATION
$22M
AGE
84

Mark Mason

TITLE
Chief Financial Officer
AGE
48
TENURE
0.1 yrs

Mike Whitaker

TITLE
Head of Operations & Technology
AGE
54
TENURE
0.3 yrs

Raja Akram

TITLE
Controller & Chief Accounting Officer
AGE
46
TENURE
1.3 yrs

Manuel Falco

TITLE
Global Co-Head of Banking

Ray McGuire

TITLE
Global Head of Corporate & Investment Banking
Board of Directors Tenure

Average tenure and age of the Citigroup board of directors in years:

8.4
Average Tenure
65.5
Average Age
  • The tenure for the Citigroup board of directors is about average.
Board of Directors

John Dugan

TITLE
Chairman
COMPENSATION
$315K
AGE
62
TENURE
0.2 yrs

Mike Corbat

TITLE
CEO & Director
COMPENSATION
$24M
AGE
58
TENURE
6.4 yrs

Sandy Weill

TITLE
Chairman Emeritus and Senior Advisor
COMPENSATION
$22M
AGE
84
TENURE
12.9 yrs

Laurence Parisot

TITLE
Chairwoman & MD of French Unit
AGE
59
TENURE
0.5 yrs

Kazuyoshi Kimura

TITLE
Co-Chairman & Director of Securities Co. - Nikko Cordial Corp
AGE
75

Pramit Jhaveri

TITLE
Interim CEO of Citi India Operations & Member of Advisory Board of India
TENURE
8.1 yrs

John Hastings

TITLE
Chairman & CEO of Citibank Canada and Country Officer of Canada
TENURE
8.7 yrs

Victor Menezes

TITLE
Chairman of the Advisory Board for Citi India
COMPENSATION
$10M
AGE
68

Tony Santomero

TITLE
Director
COMPENSATION
$410K
AGE
72
TENURE
9.9 yrs

Diana Taylor

TITLE
Director
COMPENSATION
$370K
AGE
63
TENURE
9.7 yrs
Who owns this company?
Recent Insider Trading
  • Citigroup insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Feb 19 Sell James Forese Individual 25. Feb 19 25. Feb 19 -8,828 $65.11 $-574,791
21. Feb 19 Sell James Cowles Individual 19. Feb 19 19. Feb 19 -50,000 $64.26 $-3,212,945
15. Feb 19 Sell Michael Whitaker Individual 13. Feb 19 13. Feb 19 -7,000 $63.24 $-442,708
15. Feb 19 Sell W. Bradford Hu Individual 15. Feb 19 15. Feb 19 -5,420 $64.27 $-348,343
10. Aug 18 Sell Francisco Alberto Silva Individual 08. Aug 18 08. Aug 18 -15,000 $72.36 $-1,085,400
23. Jul 18 Sell Raja Akram Individual 19. Jul 18 19. Jul 18 -500 $69.21 $-34,605
18. May 18 Sell John Gerspach Individual 16. May 18 16. May 18 -12,966 $72.31 $-937,571
X
Management checks
We assess Citigroup'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. Citigroup 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.

C News

Simply Wall St News

Should You Be Pleased About The CEO Pay At Citigroup Inc.'s (NYSE:C)

First, this article will compare CEO compensation with compensation at other large companies. … How Does Mike Corbat's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$146b, and pays its CEO total annual compensation worth US$24m.

Simply Wall St -

Financial Metrics For Citigroup Inc. (NYSE:C)

As these large financial institutions revert back to health after the Global Financial Crisis, we are seeing an increase in market confidence, and understanding of, these “too-big-to-fail” banking stocks. … Following the crisis, a set of reforms termed Basel III was enforced to bolster risk management, regulation, and supervision in the financial services industry. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like banks to vulnerabilities.

Simply Wall St -

Is Citigroup Inc's (NYSE:C) CEO Being Overpaid?

Leading Citigroup Inc (NYSE:C) as the CEO, Mike Corbat took the company to a valuation of US$174.05b. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … CEOs leading companies of similar size and profitability

Simply Wall St -

Is Citigroup Inc (NYSE:C) Undervalued?

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $72.86 at one point, and dropping to the lows of $65.46. … A question to answer is whether Citigroup's current trading price of $71.07 reflective of the actual value of the? … Let’s take a look at Citigroup’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Why Citigroup Inc (NYSE:C) May Not Be As Risky Than You Think

Post-GFC recovery has strengthened economic growth and credit quality, benefiting large banks such as Citigroup Inc (NYSE:C), with a market capitalisation of US$168.45b. … Economic growth fuels demand for loans and affects a borrower’s ability to repay which directly impacts the level of risk Citigroup takes on. … It is relevant to understand a bank’s level of risky assets on its accounts as it affects the attractiveness of its stock as an investment.

Simply Wall St -

What Makes Citigroup Inc (NYSE:C) A Hard Investment?

As these large financial institutions revert back to health after the Global Financial Crisis, we are seeing an increase in market confidence, and understanding of, these “too-big-to-fail” banking stocks. … After the crisis, a set of reforms called Basel III was created with the purpose of strengthening regulation, risk management and supervision in the banking sector. … These reforms target bank level regulation and aims to improve the banking sector’s ability to absorb shocks arising from economic stress which could expose financial institutions to vulnerabilities.

Simply Wall St -

How Much Did Citigroup Inc's (NYSE:C) CEO Pocket Last Year?

In this exercise, I will use profits as a proxy for Corbat's performance. … Normally I would look at market cap and earnings as a proxy for performance, however, C's negative earnings lower the usefulness of my formula. … Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.

Simply Wall St -

What's The Value Of Citigroup Inc (NYSE:C)?

NYSE:C Intrinsic Value May 7th 18 Calculating C's Value The key assumption for Excess Returns is, the value of the company is how much money it can generate from its current level of equity capital, in excess of the cost of that capital. … The returns in excess of cost of equity is called excess returns: Excess Return Per Share = (Stable Return On Equity – Cost Of Equity) (Book Value Of Equity Per Share) = (9.25% – 9.92%) * $78.92 = $-0.52 Excess Return Per Share is used to calculate the terminal value of C, which is how much the business is expected to continue to generate over the upcoming years, in perpetuity. … This is a common component of discounted cash flow models: Terminal Value Per Share = Excess Return Per Share / (Cost of Equity – Expected Growth Rate) = $-0.52 / (9.92% – 2.47%) = $-7.04 Combining these components gives us C's intrinsic value per share: Value Per Share = Book Value of Equity Per Share + Terminal Value Per Share = $78.92 + $-7.04 = $71.88 Relative to today's price of $67.94, C is currently fairly priced by the market.

Simply Wall St -

Read This Before Buying Citigroup Inc (NYSE:C) For Its Upcoming $0.32 Dividend

View our latest analysis for Citigroup 5 checks you should use to assess a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is it paying an annual yield above 75% of dividend payers? … Based on future earnings growth, will it be able to continue to payout dividend at the current rate? … Dividend payments from Citigroup have been volatile in the past 10 years, with some years experiencing significant drops of over 25%.

Simply Wall St -

Are You Considering All The Risks For Citigroup Inc’s (NYSE:C)?

Check out our latest analysis for Citigroup NYSE:C Historical Debt Apr 27th 18 What Is An Appropriate Level Of Risk? … Since Citigroup’s total deposit to total liabilities is within the sensible margin at 58.24% compared to other banks' level of 50%, it shows a prudent level of the bank's safer form of borrowing and an appropriate level of risk.Next Steps: Citigroup exhibits prudent management of risky assets and lending behaviour with sensible levels for all three ratios. … Citigroup is deemed a less risky investment given its sound and sensible lending strategy which gives us more confidence in its operational risk management.

Simply Wall St -

C Company Info

Description

Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. It also provides various banking, credit card lending, and investment services through a network of local branches, offices, and electronic delivery systems. The ICG segment provides wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate and consumer loans, investment banking and advisory services, private banking, cash management, trade finance, and securities services to corporate, institutional, public sector, and high-net-worth clients. As of December 31, 2018, it operated 2,410 branches in the United States, Mexico, and Asia. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York.

Details
Name: Citigroup Inc.
C
Exchange: NYSE
Founded: 1812
$150,493,590,461
2,340,491,298
Website: http://www.citigroup.com
Address: Citigroup Inc.
388 Greenwich Street,
New York,
New York, 10013,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE C Common Stock New York Stock Exchange US USD 29. Oct 1986
DB TRVC Common Stock Deutsche Boerse AG DE EUR 29. Oct 1986
XTRA TRVC Common Stock XETRA Trading Platform DE EUR 29. Oct 1986
LSE 0R01 Common Stock London Stock Exchange GB USD 29. Oct 1986
SWX C Common Stock SIX Swiss Exchange CH CHF 29. Oct 1986
WBAG CITI Common Stock Wiener Boerse AG AT EUR 29. Oct 1986
SNSE C Common Stock Santiago Stock Exchange CL USD 29. Oct 1986
BVC C Common Stock Bolsa de Valores de Colombia CO COP 29. Oct 1986
BMV C * Common Stock Bolsa Mexicana de Valores MX MXN 29. Oct 1986
BVL C Common Stock Bolsa de Valores de Lima PE USD 29. Oct 1986
NYSE C PRICL DEP SH 1/1000 New York Stock Exchange US USD 29. Jan 2008
NYSE C.PRK DEP SHS RP PFD K New York Stock Exchange US USD 29. Oct 2013
NYSE C.PRS DEP SHS PFD S New York Stock Exchange US USD 28. Jan 2016
NYSE C.PRJ DEP SHS 1/1000 J New York Stock Exchange US USD 16. Sep 2013
NYSE C PRPCL DEP SHS PFD AA New York Stock Exchange US USD 23. Jan 2008
BST CFUA 5.8%-FRN SUB PERP USD1000 'N' Boerse-Stuttgart DE USD 24. Oct 2014
BOVESPA CTGP34 BDR EACH REPR 1 COM Bolsa de Valores de Sao Paulo BR BRL 13. Jul 2011
BASE C CEDEAR EACH REP 0.033333 COM USD0.01 Buenos Aires Stock Exchange AR ARS 26. Nov 2002
BST CFU8 6.3%-FRN SUB PERP USD 'M' Boerse-Stuttgart DE USD 25. Apr 2014
Number of employees
Current staff
Staff numbers
204,000
Citigroup employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:34
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/19
Last earnings filing: 2019/02/22
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.