NYSE:C

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has Citigroup's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.1%

C

4.8%

US Banks

2.3%

US Market


1 Year Return

-0.5%

C

0.04%

US Banks

5.6%

US Market

Return vs Industry: C underperformed the US Banks industry which returned 0% over the past year.

Return vs Market: C underperformed the US Market which returned 5.6% over the past year.


Shareholder returns

CIndustryMarket
7 Day3.1%4.8%2.3%
30 Day-0.5%-0.5%-1.0%
90 Day-3.2%2.0%-0.7%
1 Year2.3%-0.5%2.9%0.04%7.9%5.6%
3 Year49.2%40.5%51.5%41.1%45.6%36.3%
5 Year47.0%37.1%70.9%52.3%65.8%47.6%

Price Volatility Vs. Market

How volatile is Citigroup's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Citigroup undervalued compared to its fair value and its price relative to the market?

15.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: C ($69.5) is trading below our estimate of fair value ($82.57)

Significantly Undervalued: C is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: C is good value based on its PE Ratio (9.7x) compared to the Banks industry average (12.6x).

PE vs Market: C is good value based on its PE Ratio (9.7x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: C's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: C is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Citigroup forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?

-0.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: C's earnings are forecast to decline over the next 3 years (-0.6% per year).

Earnings vs Market: C's earnings are forecast to decline over the next 3 years (-0.6% per year).

High Growth Earnings: C's earnings are forecast to decline over the next 3 years.

Revenue vs Market: C's revenue (2.2% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: C's revenue (2.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: C's Return on Equity is forecast to be low in 3 years time (9.7%).


Next Steps

Past Performance

How has Citigroup performed over the past 5 years?

-7.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: C's earnings have declined by -7.7% per year over the past 5 years.

Accelerating Growth: C has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: C has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (31.8%).


Return on Equity

High ROE: C's Return on Equity (9.3%) is considered low.


Return on Assets

ROA vs Industry: C's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate C's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: C has a low level of unsold assets or inventory.

Debt Coverage by Assets: C's debt is covered by short term assets (assets are 1.560210x debt).


Financial Institutions Analysis

Asset Level: C's level of assets compared to its equity is moderate.

Allowance for Bad Loans: C has a sufficient allowance for bad loans.

Low Risk Liabilities: C's liabilities are made up of primarily low risk sources of funding.

Loan Level: C has an acceptable proportion of non-loan assets held.

Low Risk Deposits: C's loans are broadly funded by customer deposits.

Level of Bad Loans: C has an appropriate level of bad loans (0.53%)


Next Steps

Dividend

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

2.94%

Current Dividend Yield


Dividend Yield vs Market

company2.9%marketbottom25%1.5%markettop25%3.8%industryaverage3.0%forecastin3Years3.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: C's dividend (2.94%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: C's dividend (2.94%) is low compared to the top 25% of dividend payers in the US market (3.76%).

Stable Dividend: C's dividend payments have been volatile in the past 10 years.

Growing Dividend: C's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25%), C's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: C's dividends in 3 years are forecast to be well covered by earnings (29.3% payout ratio).


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Mike Corbat (59yo)

7yrs

Tenure

US$24,183,714

Compensation

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 ...


CEO Compensation Analysis

Compensation vs. Market: Mike's total compensation ($USD24.18M) is about average for companies of similar size in the US market ($USD11.23M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.9yrs

Average Tenure

53.5yo

Average Age

Experienced Management: C's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

6.6yrs

Average Tenure

64yo

Average Age

Experienced Board: C's board of directors are considered experienced (6.6 years average tenure).


Insider Trading

Insider Buying: C insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$465,24829 Aug 19
Michael Whitaker
EntityIndividual
Role
Chief Operating Officer
Head of Enterprise Infrastructure
Shares7,500
Max PriceUS$62.03
SellUS$2,079,90023 Apr 19
Stephen Bird
EntityIndividual
Role
Senior Key Executive
Chief Executive Officer of Global Consumer Banking
Shares30,000
Max PriceUS$69.33
SellUS$574,79126 Feb 19
James Forese
EntityIndividual
Shares8,828
Max PriceUS$65.11
SellUS$3,212,94521 Feb 19
James Cowles
EntityIndividual
Shares50,000
Max PriceUS$64.26
SellUS$442,70815 Feb 19
Michael Whitaker
EntityIndividual
Role
Chief Operating Officer
Head of Enterprise Infrastructure
Shares7,000
Max PriceUS$63.24
SellUS$348,34315 Feb 19
W. Bradford Hu
EntityIndividual
Shares5,420
Max PriceUS$64.27

Ownership Breakdown


Management Team

  • Sandy Weill (85yo)

    Chairman Emeritus and Senior Advisor

    • Tenure: 13.5yrs
    • Compensation: US$21.52m
  • Rohan Weerasinghe (69yo)

    General Counsel & Corporate Secretary

    • Tenure: 7.3yrs
  • Mike Corbat (59yo)

    CEO & Director

    • Tenure: 7yrs
    • Compensation: US$24.18m
  • Stephen Bird (52yo)

    Chief Executive Officer of Global Consumer Banking

    • Tenure: 0yrs
    • Compensation: US$11.26m
  • Mark Mason (49yo)

    Chief Financial Officer

    • Tenure: 0.7yrs
  • Jane Fraser (51yo)

    Chief Executive Officer of Latin America Region

    • Tenure: 10.5yrs
    • Compensation: US$9.49m
  • Manuel Falco

    Global Co-Head of Banking

    • Tenure: 0yrs
  • Raja Akram (47yo)

    Controller & Chief Accounting Officer

    • Tenure: 1.9yrs
  • Mike Whitaker (55yo)

    Head of Enterprise Infrastructure

    • Tenure: 0.9yrs
  • Elizabeth Lynn

    Interim Head of Investor Relations

    • Tenure: 0.3yrs

Board Members

  • Gene McQuade (70yo)

    Independent Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: US$330.00k
  • Sandy Weill (85yo)

    Chairman Emeritus and Senior Advisor

    • Tenure: 13.5yrs
    • Compensation: US$21.52m
  • Victor Menezes (69yo)

    Chairman of the Advisory Board for Citi India

    • Tenure: 0yrs
    • Compensation: US$4.84m
  • Jim Turley (64yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: US$410.00k
  • Laurence Parisot (60yo)

    Chairwoman & MD of French Unit

    • Tenure: 1.1yrs
  • Kazuyoshi Kimura (76yo)

    Co-Chairman & Director of Securities Co. - Nikko Cordial Corp

    • Tenure: 0yrs
  • John Dugan (63yo)

    Independent Chairman

    • Tenure: 0.8yrs
    • Compensation: US$315.00k
  • Mike Corbat (59yo)

    CEO & Director

    • Tenure: 7yrs
    • Compensation: US$24.18m
  • Diana Taylor (64yo)

    Independent Director

    • Tenure: 10.3yrs
    • Compensation: US$370.00k
  • John Hastings

    Chairman & CEO of Citibank Canada and Country Officer of Canada

    • Tenure: 9.3yrs

Company Information

Citigroup Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Citigroup Inc.
  • Ticker: C
  • Exchange: NYSE
  • Founded: 1812
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: US$151.732b
  • Shares outstanding: 2.18b
  • Website: https://www.citigroup.com

Number of Employees


Location

  • Citigroup Inc.
  • 388 Greenwich Street
  • New York
  • New York
  • 10013
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRVCXTRA (XETRA Trading Platform)YesCommon StockDEEUROct 1986
CNYSE (New York Stock Exchange)YesCommon StockUSUSDOct 1986
CSNSE (Santiago Stock Exchange)YesCommon StockCLUSDOct 1986
TRVCDB (Deutsche Boerse AG)YesCommon StockDEEUROct 1986
C *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNOct 1986
CSWX (SIX Swiss Exchange)YesCommon StockCHCHFOct 1986
0R01LSE (London Stock Exchange)YesCommon StockGBUSDOct 1986
CBVC (Bolsa de Valores de Colombia)YesCommon StockCOCOPOct 1986
CBVL (Bolsa de Valores de Lima)YesCommon StockPEUSDOct 1986
CITIWBAG (Wiener Boerse AG)YesCommon StockATEUROct 1986
CBASE (Buenos Aires Stock Exchange)CEDEAR EACH REP 0.33333 COM USD0.01ARARSNov 2002
C PRPCLNYSE (New York Stock Exchange)DEP SHS PFD AAUSUSDJan 2008
C PRICLNYSE (New York Stock Exchange)DEP SH 1/1000USUSDJan 2008
CTGP34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COMBRBRLJul 2011
C.PRJNYSE (New York Stock Exchange)DEP SHS 1/1000 JUSUSDSep 2013
C.PRKNYSE (New York Stock Exchange)DEP SHS RP PFD KUSUSDOct 2013
CFU8BST (Boerse-Stuttgart)6.3%-FRN SUB PERP USD 'M'DEUSDApr 2014
C.PRSNYSE (New York Stock Exchange)DEP SHS PFD SUSUSDJan 2016
CFUABST (Boerse-Stuttgart)5.8%-FRN SUB PERP USD1000 'N'DEUSDAug 2016

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 23:32
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.