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Citigroup

NYSE:C
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
C
NYSE
$161B
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 20 days ago. More info.


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C Share Price and Events
7 Day Returns
0.1%
NYSE:C
0.1%
US Banks
0.5%
US Market
1 Year Returns
17.5%
NYSE:C
10.6%
US Banks
16.1%
US Market
C Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Citigroup (C) 0.1% 2.6% 19.3% 17.5% 30.4% 36.5%
US Banks 0.1% 4.1% 15.7% 10.6% 27.5% 51.9%
US Market 0.5% 3.9% 6.6% 16.1% 37.7% 43.7%
1 Year Return vs Industry and Market
  • C outperformed the Banks industry which returned 10.6% over the past year.
  • C outperformed the Market in United States of America which returned 16.1% 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 18 analysts.
= Stable Book Value * Return on Equity
= $88.00 * 9.7%
$8.51
Book Value of Equity per Share Weighted future Book Value estimates from 14 analysts. $88.00
Discount Rate (Cost of Equity) See below 10.3%
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 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.615 (1 + (1- 21%) (328.4%))
1.266
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.266 * 5.96%)
10.27%

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)
= (9.7% – 10.27%) * $88.00)
$-0.53
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.53 / (10.27% - 2.73%)
$-6.99
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $88.00 + $-6.99
$81.01
NYSE:C Discount to Share Price
Calculation Result
Value per share (USD) From above. $81.01
Current discount Discount to share price of $73.90
= -1 x ($73.90 - $81.01) / $81.01
8.8%

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

Current Discount
Amount off the current price Citigroup is available for.
Intrinsic value
9%
Share price is $73.9 vs Future cash flow value of $81.01
Current Discount Checks
For Citigroup to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Citigroup's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Citigroup's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 (2019-09-30) in USD $7.56
NYSE:C Share Price ** NYSE (2019-11-21) in USD $73.9
United States of America Banks Industry PE Ratio Median Figure of 571 Publicly-Listed Banks Companies 12.63x
United States of America Market PE Ratio Median Figure of 2,917 Publicly-Listed Companies 18.02x

* 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)

= 73.9 ÷ 7.56

9.77x

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 9.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts
-1.3%per year
United States of America Banks Industry PEG Ratio Median Figure of 261 Publicly-Listed Banks Companies 0.93x
United States of America Market PEG Ratio Median Figure of 2,043 Publicly-Listed Companies 1.45x

*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

= 9.77x ÷ -1.3%

-7.35x

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

  • Citigroup earnings are not expected to grow next year, we can't assess if its growth is good value.
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 (2019-09-30) in USD $81.02
NYSE:C Share Price * NYSE (2019-11-21) in USD $73.9
United States of America Banks Industry PB Ratio Median Figure of 576 Publicly-Listed Banks Companies 1.19x
United States of America Market PB Ratio Median Figure of 5,089 Publicly-Listed Companies 1.75x
NYSE:C PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 73.9 ÷ 81.02

0.91x

* 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 23 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
-1.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Citigroup expected to grow at an attractive rate?
  • Citigroup's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Citigroup's earnings are expected to decrease over the next 1-3 years, this is below 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 23 Analysts -1.3%
NYSE:C Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts 1.9%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 0.3%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
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 7.3%

*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 (1 month ago) See Below
Future Estimates Average of up to 23 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 76,110 17,020 11
2020-12-31 74,984 17,168 23
2019-12-31 73,855 17,459 22
2019-11-21
NYSE:C Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 65,087 -28,472 17,481
2019-06-30 65,058 -9,123 17,143
2019-03-31 65,063 -7,620 16,767
2018-12-31 65,500 36,952 16,680
2018-09-30 66,045 24,753 -6,264
2018-06-30 65,835 21,158 -6,760
2018-03-31 65,650 1,234 -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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Citigroup's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Citigroup's revenue is expected to grow by 1.9% 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 (1 month ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below

All data from Citigroup Company Filings, last reported 1 month 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 10.45 10.45 10.45 1.00
2021-12-31 9.40 9.97 8.70 11.00
2020-12-31 8.48 9.00 7.65 23.00
2019-12-31 7.76 7.90 7.61 20.00
2019-11-21
NYSE:C Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 7.56
2019-06-30 7.21
2019-03-31 6.88
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

*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 1 month 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
2019-09-30 65,087.00 17,481.00 31,858.00
2019-06-30 65,058.00 17,143.00 31,856.00
2019-03-31 65,063.00 16,767.00 31,978.00
2018-12-31 65,500.00 16,680.00 32,216.00
2018-09-30 66,045.00 -6,264.00 32,511.00
2018-06-30 65,835.00 -6,760.00 32,536.00
2018-03-31 65,650.00 -7,375.00 32,500.00
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

*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 1 month ago.

NYSE:C Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 197,070.00 526,635.00 760,541.00
2019-06-30 198,110.00 525,537.00 737,700.00
2019-03-31 197,015.00 521,648.00 729,466.00
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
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 moderate (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
2.76%
Current annual income from Citigroup dividends. Estimated to be 2.91% next year.
If you bought $2,000 of Citigroup shares you are expected to receive $55 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 (1.43%).
  • Citigroup's dividend is below the markets top 25% of dividend payers in United States of America (3.65%).
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 23 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 467 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1954 Stocks 2.3%
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 3.7%

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 2.76 1.00
2021-12-31 2.45 13.00
2020-12-31 2.16 21.00
2019-12-31 1.91 21.00
2019-11-21
NYSE:C Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-10-22 2.040 2.758
2019-07-18 2.040 3.020
2019-04-17 1.800 2.652
2019-01-15 1.800 2.822
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
2009-02-27 0.000 0.000
2009-01-20 0.400 1.325

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 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 (4.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x 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 4/6, 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 59
TENURE AS CEO 7.1 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:

1
Average Tenure
53.5
Average Age
  • The average tenure for the Citigroup management team is less than 2 years, this suggests a new team.
Management Team

Mike Corbat

TITLE
CEO & Director
COMPENSATION
$24M
AGE
59
TENURE
7.1 yrs

Jane Fraser

TITLE
President & CEO of Global Consumer Banking
COMPENSATION
$9M
AGE
51
TENURE
0.1 yrs

Stephen Bird

TITLE
Executive Officer
COMPENSATION
$11M
AGE
52

Sandy Weill

TITLE
Chairman Emeritus and Senior Advisor
COMPENSATION
$22M
AGE
85

Mark Mason

TITLE
Chief Financial Officer
AGE
49
TENURE
0.8 yrs

Mike Whitaker

TITLE
Head of Enterprise Infrastructure
AGE
55
TENURE
1 yrs

Raja Akram

TITLE
Controller & Chief Accounting Officer
AGE
47
TENURE
2 yrs

Manuel Falco

TITLE
Global Co-Head of Banking

Elizabeth Lynn

TITLE
Interim Head of Investor Relations
TENURE
0.4 yrs

Rohan Weerasinghe

TITLE
General Counsel & Corporate Secretary
AGE
69
TENURE
7.4 yrs
Board of Directors Tenure

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

6.7
Average Tenure
64
Average Age
  • The tenure for the Citigroup board of directors is about average.
Board of Directors

John Dugan

TITLE
Independent Chairman
COMPENSATION
$315K
AGE
63
TENURE
0.8 yrs

Mike Corbat

TITLE
CEO & Director
COMPENSATION
$24M
AGE
59
TENURE
7.1 yrs

Sandy Weill

TITLE
Chairman Emeritus and Senior Advisor
COMPENSATION
$22M
AGE
85
TENURE
13.6 yrs

Laurence Parisot

TITLE
Chairwoman & MD of French Unit
AGE
60
TENURE
1.2 yrs

Kazuyoshi Kimura

TITLE
Co-Chairman & Director of Securities Co. - Nikko Cordial Corp
AGE
76

John Hastings

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

Victor Menezes

TITLE
Chairman of the Advisory Board for Citi India
COMPENSATION
$5M
AGE
69

Gene McQuade

TITLE
Independent Non-Executive Director
COMPENSATION
$330K
AGE
70
TENURE
4.3 yrs

Diana Taylor

TITLE
Independent Director
COMPENSATION
$370K
AGE
64
TENURE
10.3 yrs

Jim Turley

TITLE
Independent Director
COMPENSATION
$410K
AGE
64
TENURE
6.3 yrs
Who owns this company?
Recent Insider Trading
  • Citigroup individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
29. Aug 19 Sell Michael Whitaker Individual 27. Aug 19 27. Aug 19 -7,500 $62.03 $-465,248
23. Apr 19 Sell Stephen Bird Individual 22. Apr 19 22. Apr 19 -30,000 $69.33 $-2,079,900
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
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

What Type Of Shareholder Owns Citigroup Inc.'s (NYSE:C)?

View our latest analysis for Citigroup NYSE:C Ownership Summary, July 16th 2019 What Does The Institutional Ownership Tell Us About Citigroup? … Insider Ownership Of Citigroup The definition of company insiders can be subjective, and does vary between jurisdictions. … It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling.

Simply Wall St -

Is Citigroup Inc. (NYSE:C) Overpaying Its CEO?

When we examined a group of companies with market caps over US$8.0b, we found that their median CEO total compensation was US$11m. … pays Mike Corbat more than the median CEO remuneration at large companies, in the same market. … We compared the total CEO remuneration paid by Citigroup Inc., and compared it to remuneration at a group of other large companies.

Simply Wall St -

Should You Worry About Citigroup Inc.'s (NYSE:C) CEO Pay?

We looked at a group of companies with market capitalizations over US$8.0b and the median CEO total compensation was US$11m. … Thus we can conclude that Mike Corbat receives more in total compensation than the median of a group of large companies in the same market as Citigroup Inc.. … We compared the total CEO remuneration paid by Citigroup Inc., and compared it to remuneration at a group of other large companies.

Simply Wall St -

How Do Analysts See Citigroup Inc. (NYSE:C) Performing Over The Next Year?

Generally, the consensus outlook from analysts appear fairly confident, with earnings expected to grow by 3.0% in the upcoming year relative to the past 5-year average growth rate of -13%. … To understand the overall trajectory of C's earnings growth over these next fews years, I've fitted a line through these analyst earnings forecast to determine an annual growth rate from the slope. … NYSE:C Past and Future Earnings, June 7th 2019 This results in an annual growth rate of 2.7% based on the most recent earnings level of US$17b to the final forecast of US$18b by 2022.

Simply Wall St -

What Does Citigroup Inc.'s (NYSE:C) Share Price Indicate?

Given that Citigroup’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … If you are no longer interested in Citigroup, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

Simply Wall St -

Citigroup Inc. (NYSE:C) Has Got What It Takes To Be An Attractive Dividend Stock

Owning a strong dividend company and reinvesting the dividends is widely seen as an attractive way of growing your wealth. … Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. … Some simple analysis can offer a lot of insight when buying a company for its dividend, and we'll go through these below.

Simply Wall St -

What Kind Of Shareholders Own Citigroup Inc. (NYSE:C)?

Generally speaking, as a company grows, institutions will increase their ownership. … We'd expect to see both institutions and retail investors owning a portion of the company. … institutions are noticeable on the share registry.

Simply Wall St -

What You Should Know About Citigroup Inc.’s (NYSE:C) Risks

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. … What Is An Appropriate Level Of Risk?

Simply Wall St -

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 -

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
$161,359,864,105
2,183,193,940
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
BOVESPA CTGP34 BDR EACH REPR 1 COM Bolsa de Valores de Sao Paulo BR BRL 13. Jul 2011
BASE C CEDEAR EACH REP 0.33333 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
199,000
Citigroup employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/21 23:33
End of day share price update: 2019/11/21 00:00
Last estimates confirmation: 2019/11/18
Last earnings filing: 2019/11/01
Last earnings reported: 2019/09/30
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.