Citigroup
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 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Citigroup.
| 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.
| 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.
| 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 |
| 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.
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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Citigroup's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Citigroup's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Citigroup Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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.
Past performance checks
We assess Citigroup's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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
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.
Balance sheet
Assets
Liabilities and shares
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.
All data from Citigroup Company Filings, last reported 2 months ago.
| 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.
- 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%).
Financial health checks
We assess Citigroup's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Citigroup has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Citigroup
shares you are expected to receive
$56
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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 |
| 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.
Income/ dividend checks
We assess Citigroup's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Citigroup management team is about average.
Management Team
Mike Corbat
CEO & Director
$24M
58
6.4 yrs
Jamie Forese
President & CEO of Institutional Clients Group
$21M
55
6.2 yrs
Stephen Bird
Chief Executive Officer of Global Consumer Banking
$11M
51
Jane Fraser
Chief Executive Officer of Latin America Region
$9M
50
9.9 yrs
Sandy Weill
Chairman Emeritus and Senior Advisor
$22M
84
Mark Mason
Chief Financial Officer
48
0.1 yrs
Mike Whitaker
Head of Operations & Technology
54
0.3 yrs
Raja Akram
Controller & Chief Accounting Officer
46
1.3 yrs
Manuel Falco
Global Co-Head of Banking
Ray McGuire
Global Head of Corporate & Investment Banking
Board of Directors Tenure
Average tenure and age of the Citigroup board of directors in years:
- The tenure for the Citigroup board of directors is about average.
Board of Directors
John Dugan
Chairman
$315K
62
0.2 yrs
Mike Corbat
CEO & Director
$24M
58
6.4 yrs
Sandy Weill
Chairman Emeritus and Senior Advisor
$22M
84
12.9 yrs
Laurence Parisot
Chairwoman & MD of French Unit
59
0.5 yrs
Kazuyoshi Kimura
Co-Chairman & Director of Securities Co. - Nikko Cordial Corp
75
Pramit Jhaveri
Interim CEO of Citi India Operations & Member of Advisory Board of India
8.1 yrs
John Hastings
Chairman & CEO of Citibank Canada and Country Officer of Canada
8.7 yrs
Victor Menezes
Chairman of the Advisory Board for Citi India
$10M
68
Tony Santomero
Director
$410K
72
9.9 yrs
Diana Taylor
Director
$370K
63
9.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Citigroup's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleFinancial 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 - – Full articleIs 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 - – Full articleIs 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 - – Full articleWhy 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 - – Full articleWhat 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 - – Full articleHow 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 - – Full articleWhat'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 - – Full articleRead 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 - – Full articleAre 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 - – Full articleC 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
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.
