Citigroup
Market Cap
US$86.6b
Last Updated
2020/04/08 00:41 UTC
Data Sources
Company Financials +
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.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -3.8% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet and undervalued.
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
Stable Share Price: C's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
7.1%
C
0.7%
US Banks
2.4%
US Market
1 Year Return
-37.0%
C
-28.9%
US Banks
-10.0%
US Market
Return vs Industry: C underperformed the US Banks industry which returned -32.9% over the past year.
Return vs Market: C underperformed the US Market which returned -13.3% over the past year.
Shareholder returns
| C | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.1% | 0.7% | 2.4% |
| 30 Day | -19.7% | -18.9% | -11.0% |
| 90 Day | -48.5% | -39.2% | -19.4% |
| 1 Year | -35.3%-37.0% | -26.8%-28.9% | -8.1%-10.0% |
| 3 Year | -24.5%-29.5% | -17.2%-23.3% | 17.3%9.6% |
| 5 Year | -15.8%-22.5% | 8.1%-4.4% | 36.1%21.1% |
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
3 weeks ago | Simply Wall St
The Citigroup (NYSE:C) Share Price Is Down 34% So Some Shareholders Are Getting Worried1 month ago | Simply Wall St
Does Citigroup Inc. (NYSE:C) Have A Place In Your Dividend Portfolio?1 month ago | Simply Wall St
Should You Think About Buying Citigroup Inc. (NYSE:C) Now?Valuation
Is Citigroup undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: C ($41.25) is trading below our estimate of fair value ($86.9)
Significantly Below Fair Value: C is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: C is good value based on its PE Ratio (5.1x) compared to the Banks industry average (8.6x).
PE vs Market: C is good value based on its PE Ratio (5.1x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
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 (0.5x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is Citigroup forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
-3.8%
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 (-3.8% per year).
Earnings vs Market: C's earnings are forecast to decline over the next 3 years (-3.8% per year).
High Growth Earnings: C's earnings are forecast to decline over the next 3 years.
Revenue vs Market: C's revenue (4.4% per year) is forecast to grow slower than the US market (7% per year).
High Growth Revenue: C's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: C's Return on Equity is forecast to be low in 3 years time (8.9%).
Next Steps
Past Performance
How has Citigroup performed over the past 5 years?
-1.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: C has a high level of non-cash earnings.
Growing Profit Margin: C's current net profit margins (27.5%) are higher than last year (25.5%).
Past Earnings Growth Analysis
Earnings Trend: C's earnings have declined by -1% per year over the past 5 years.
Accelerating Growth: C's earnings growth over the past year (9%) exceeds its 5-year average (-1% per year).
Earnings vs Industry: C earnings growth over the past year (9%) underperformed the Banks industry 10.9%.
Return on Equity
High ROE: C's Return on Equity (10%) is considered low.
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
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 (0.57%)
Next Steps
Dividend
What is Citigroup's current dividend yield, its reliability and sustainability?
4.95%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: C's dividend (4.95%) is higher than the bottom 25% of dividend payers in the US market (2.01%).
High Dividend: C's dividend (4.95%) is low compared to the top 25% of dividend payers in the US market (5.66%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, C has been paying a dividend for less than 10 years.
Growing Dividend: C's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (23.8%), 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 (30.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.2yrs
Average management tenure
CEO
Mike Corbat (59yo)
7.5s
Tenure
US$25,508,761
Compensation
Mr. Michael L. Corbat, also known as Mike, has been the Chief Executive Officer of Citigroup Inc. since October 16, 2012. He joined Citigroup Inc in 1983. Mr. Corbat served as the Chief Executive Officer a ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD25.51M) is above average for companies of similar size in the US market ($USD11.96M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 7.5yrs | US$25.51m | 0.018% $15.6m | |
| President & CEO of Global Consumer Banking | 0.50yr | US$17.31m | 0.0028% $2.4m | |
| Chief Financial Officer | 1.17yrs | US$7.75m | 0.00071% $614.5k | |
| Chief Executive Officer of Institutional Clients Group | 1.25yrs | US$13.81m | no data | |
| Chief Risk Officer | 7.25yrs | US$8.44m | 0.0016% $1.4m | |
| Chairman Emeritus and Senior Advisor | 14yrs | US$21.52m | no data | |
| Head of Enterprise Infrastructure | 1.42yrs | no data | 0.0060% $5.2m | |
| Interim Controller & Chief Accounting Officer | 0.17yr | no data | 0.0010% $908.8k | |
| Global Co-Head of Banking | no data | no data | no data | |
| Interim Head of Investor Relations | 0.83yr | no data | no data |
1.2yrs
Average Tenure
56.5yo
Average Age
Experienced Management: C's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 7.5yrs | US$25.51m | 0.018% $15.6m | |
| Chairman Emeritus and Senior Advisor | 14yrs | US$21.52m | no data | |
| Chairwoman & MD of French Unit | 1.58yrs | no data | no data | |
| Chairman & CEO of Citibank Canada and Country Officer of Canada | 9.75yrs | no data | no data | |
| Independent Non-Executive Director | 4.75yrs | US$386.25k | 0.0063% $5.4m | |
| Chairman of the Advisory Board for Citi India | no data | US$4.84m | no data | |
| Independent Director | 6.75yrs | US$406.25k | 0.0010% $891.5k | |
| Co-Chairman & Director of Securities Co. - Nikko Cordial Corp | no data | no data | no data | |
| Independent Chairman | 1.25yrs | US$725.00k | 0.00056% $484.7k | |
| Independent Director | 10.75yrs | US$358.75k | 0.0018% $1.5m |
7.1yrs
Average Tenure
64yo
Average Age
Experienced Board: C's board of directors are considered experienced (7.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$86.551b
- Shares outstanding: 2.10b
- Website: https://www.citigroup.com
Number of Employees
Location
- Citigroup Inc.
- 388 Greenwich Street
- New York
- New York
- 10013
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| C | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Oct 1986 |
| C | BVL (Bolsa de Valores de Lima) | Yes | Common Stock | PE | USD | Oct 1986 |
| TRVC | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 1986 |
| C * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Oct 1986 |
| C | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Oct 1986 |
| 0R01 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Oct 1986 |
| TRVC | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Oct 1986 |
| C | BVC (Bolsa de Valores de Colombia) | Yes | Common Stock | CO | COP | Oct 1986 |
| C | SNSE (Santiago Stock Exchange) | Yes | Common Stock | CL | USD | Oct 1986 |
| CIT-U | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Oct 1986 |
| CITI | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Oct 1986 |
| C | BASE (Buenos Aires Stock Exchange) | CEDEAR EACH REP 0.33333 COM USD0.01 | AR | ARS | Nov 2002 | |
| C PRPCL | NYSE (New York Stock Exchange) | DEP SHS PFD AA | US | USD | Jan 2008 | |
| C PRICL | NYSE (New York Stock Exchange) | DEP SH 1/1000 | US | USD | Jan 2008 | |
| CTGP34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 1 COM | BR | BRL | Jul 2011 | |
| C.PRJ | NYSE (New York Stock Exchange) | DEP SHS 1/1000 J | US | USD | Sep 2013 | |
| C.PRK | NYSE (New York Stock Exchange) | DEP SHS RP PFD K | US | USD | Oct 2013 | |
| CFU8 | BST (Boerse-Stuttgart) | PERP SUB GLBL -M | DE | USD | Apr 2014 | |
| C.PRS | NYSE (New York Stock Exchange) | DEP SHS PFD S | US | USD | Jan 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, 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/08 00:41 |
| End of Day Share Price | 2020/04/07 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.