C

Citigroup Inc.

$81.22

1.86

(2.34%)

Exchange:	NYSE
Market Cap:	151.688B
Shares Outstanding:	45.9M

Overview

Earnings

Financials

Valuation

Chart

About The Company

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail 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 offers wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative, equity and fixed income research, corporate lending, investment banking and advisory, private banking, cash management, trade finance, and securities services to corporate, institutional, public sector, and high-net-worth clients. As of December 31, 2020, it operated 2,303 branches primarily in the United States, Mexico, and Asia. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York.

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Revenue Segmentation

EPS

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Earnings Call

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Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	76,354,000	70,797,000	72,444,000	72,854,000	75,067,000	75,494,000	71,887,000	75,305,000	78,486,000	71,363,000
? Cost Of Revenue	0	0	0	0	0	0	0	0	0	0
? Gross Profit	76,354,000	70,797,000	72,444,000	72,854,000	75,067,000	75,494,000	71,887,000	75,305,000	78,486,000	71,363,000
? Research And Development Expenses	0	0	0	0	0	0	0	0	0	0
? General And Administrative Expenses	22,500,000	21,174,000	21,290,000	21,255,000	21,506,000	22,327,000	25,250,000	26,749,000	29,319,000	9,035,000
? Selling And Marketing Expenses	1,547,000	1,632,000	1,608,000	1,545,000	1,516,000	1,217,000	1,490,000	1,556,000	1,393,000	1,113,000
? Operating Expenses	44,420,000	42,571,000	42,511,000	42,055,000	42,948,000	45,940,000	47,521,000	51,753,000	55,672,000	41,128,000
? Net Interest Income	0	0	0	0	0	0	0	0	0	0
? Interest Income	58,551,000	57,988,000	61,579,000	70,828,000	76,510,000	58,089,000	50,475,000	74,408,000	133,258,000	0
? Interest Expense	11,921,000	12,512,000	16,518,000	24,266,000	28,382,000	13,338,000	7,981,000	25,740,000	78,358,000	0
? Depreciation And Amortization	3,506,000	3,720,000	3,659,000	3,754,000	3,905,000	3,937,000	3,964,000	4,262,000	4,560,000	-12,499,000
? EBITDA	28,332,000	25,197,000	26,284,000	27,199,000	27,806,000	0	31,433,000	23,069,000	27,374,000	17,736,000
? EBIT
? Operating Income	24,826,000	21,477,000	23,092,000	23,445,000	23,901,000	13,632,000	27,469,000	18,807,000	22,814,000	30,235,000
? Income Before Tax	24,826,000	21,477,000	22,761,000	23,445,000	23,901,000	13,632,000	27,469,000	18,807,000	12,910,000	17,046,000
? Income Tax Expense	7,440,000	6,444,000	29,388,000	5,357,000	4,430,000	2,525,000	5,451,000	3,642,000	3,528,000	4,211,000
? Net Income From Continuing Operations
? Net Income	17,242,000	14,912,000	-7,937,000	18,045,000	19,401,000	11,047,000	21,952,000	14,845,000	9,228,000	12,682,000
? EPS (Earnings Per Share)	5.430	4.740	-2.940	7.240	8.080	4.750	10.210	7.160	4.100	6.030
? EPS Diluted	5.420	4.740	-2.940	7.230	8.040	4.730	10.140	7.110	4.040	5.910
? Weighted Average Shares Outstanding	3,004,000	2,888,100	2,698,500	2,493,300	2,249,200	2,085,800	2,033,000	1,946,700	1,930,100	1,901,400
? Weighted Average Shares Outstanding Diluted	3,007,700	2,888,300	2,698,500	2,494,800	2,265,300	2,099,000	2,049,400	1,964,300	1,955,800	1,940,100
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	15,925,000	16,243,000	142,301,000	148,597,000	155,168,000	282,238,000	248,611,000	325,049,000	260,932,000	22,782,000
? Short Term Investments	306,740,000	307,637,000	298,970,000	295,250,000	280,265,000	329,163,000	279,296,000	238,746,000	241,904,000	0
? Cash And Short Term Investments	15,925,000	16,243,000	142,301,000	148,597,000	155,168,000	282,238,000	248,611,000	325,049,000	241,915,000	22,782,000
? Net Receivables	0	0	0	0	0	0	0	0	0	0
? Accounts Receivables
? Inventory	0	-699,192,000	-742,696,000	-785,905,000	-801,156,000	-1,069,799,000	-1,030,428,000	-1,167,269,000	0	0
? Total Current Assets	15,925,000	16,243,000	142,301,000	148,597,000	155,168,000	282,238,000	248,611,000	325,049,000	241,915,000	22,782,000
? Property Plant Equipment Net	0	-201,156,000	-169,794,000	-176,984,000	3,100,000	2,800,000	24,328,000	26,253,000	28,747,000	30,192,000
? Goodwill	22,349,000	21,659,000	22,256,000	22,046,000	22,126,000	22,162,000	21,299,000	19,691,000	20,098,000	19,300,000
? Intangible Assets	5,502,000	6,678,000	5,146,000	5,220,000	4,822,000	4,747,000	4,495,000	4,428,000	4,421,000	4,494,000
? Long Term Investments	592,911,000	151,466,000	142,997,000	149,299,000	155,103,000	279,255,000	230,676,000	319,059,000	-670,000	0
? Total Non Current Assets	1,715,285,000	1,775,834,000	1,700,164,000	1,768,786,000	1,795,990,000	1,977,852,000	2,042,802,000	2,091,627,000	2,169,919,000	2,334,353,000
? Total Assets	1,731,210,000	1,792,077,000	1,842,465,000	1,917,383,000	1,951,158,000	2,260,090,000	2,291,413,000	2,416,676,000	2,411,834,000	2,357,135,000
? Account Payables	53,722,000	57,152,000	61,342,000	64,571,000	48,601,000	50,484,000	61,430,000	69,218,000	63,539,000	0
? Short Term Debt	21,079,000	30,701,000	44,452,000	32,252,000	45,049,000	29,514,000	27,973,000	47,096,000	37,457,000	0
? Deferred Revenue	0	0	0	97,011,000	0	0	0	0	0	0
? Total Current Liabilities	14,000	29,345,000	40,633,000	96,917,000	93,650,000	79,998,000	89,403,000	116,314,000	0	66,601,000
? Long Term Debt	201,275,000	206,178,000	236,709,000	231,999,000	248,760,000	271,686,000	254,374,000	239,147,000	275,760,000	287,300,000
? Deferred Revenue Non Current	0	-3,022,000	-4,316,000	227,217,000	242,881,000	265,538,000	249,351,000	-5,680,000	0	0
? Deferred Tax Liabilities Non Current	0	3,022,000	4,316,000	4,782,000	5,879,000	6,148,000	5,023,000	5,680,000	0	0
? Total Non Current Liabilities	33,400	50,717,000	66,498,000	231,999,000	248,760,000	271,686,000	254,374,000	116,314,000	2,142,044,000	2,081,168,000
? Total Liabilities	1,508,118,000	1,565,934,000	1,640,793,000	1,720,214,000	1,757,212,000	2,059,798,000	2,088,741,000	2,214,838,000	2,205,583,000	2,147,769,000
? Treasury Stock
? Preferred Stock	16,718,000	19,253,000	19,253,000	18,460,000	17,980,000	19,480,000	18,995,000	18,995,000	17,600,000	17,850,000
? Common Stock	31,000	31,000	31,000	31,000	31,000	31,000	31,000	31,000	31,000	31,000
? Retained Earnings	133,841,000	146,477,000	135,715,000	151,347,000	165,369,000	168,595,000	184,948,000	194,734,000	198,905,000	206,294,000
? Additional Paid In Capital
? Total Stockholders Equity	221,857,000	225,120,000	201,334,000	196,220,000	193,242,000	199,765,000	201,972,000	201,189,000	205,453,000	208,598,000
? Total Equity	223,092,000	226,143,000	202,266,000	197,074,000	193,946,000	200,523,000	202,672,000	201,838,000	206,251,000	209,366,000
? Minority Interest	1,235,000	1,023,000	932,000	854,000	704,000	758,000	700,000	649,000	798,000	768,000
? Total Liabilities And Total Equity	1,731,210,000	1,792,077,000	1,843,059,000	1,917,288,000	1,951,158,000	2,260,321,000	2,291,413,000	2,416,676,000	2,411,834,000	2,357,135,000
? Total Investments	810,837,000	798,346,000	775,879,000	770,281,000	924,968,000	1,157,522,000	1,133,289,000	954,974,000	241,234,000	0
? Total Debt	222,354,000	236,879,000	281,161,000	264,251,000	293,809,000	301,200,000	282,347,000	318,702,000	324,076,000	287,300,000
? Net Debt	206,429,000	220,636,000	138,860,000	115,654,000	138,641,000	18,962,000	33,736,000	-6,347,000	63,144,000	264,518,000
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	17,296,000	14,970,000	-6,687,000	18,053,000	19,405,000	11,067,000	21,945,000	15,076,000	9,049,000	12,682,000
? Depreciation And Amortization	3,506,000	3,720,000	3,659,000	3,754,000	3,905,000	3,937,000	3,964,000	4,262,000	4,560,000	0
? Deferred Income Tax	2,794,000	1,459,000	24,877,000	-51,000	-610,000	-2,333,000	1,413,000	-1,141,000	-2,416,000	0
? Stock Based Compensation	1,388,000	1,473,000	1,557,000	1,381,000	1,524,000	1,464,000	1,685,000	1,839,000	1,819,000	0
? Change In Working Capital	19,210,000	20,765,000	-33,694,000	15,937,000	-59,268,000	-53,182,000	38,864,000	19,553,000	-99,387,000	0
? Accounts Receivables	0	0	0	0	0	0	0	0	0	0
? Inventory	0	0	0	0	0	0	0	0	0	0
? Accounts Payables	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Operating Activities	39,737,000	53,932,000	-8,587,000	36,952,000	-12,837,000	-20,621,000	61,249,000	25,069,000	-73,416,000	0
? Investments In Property Plant And Equipment	-3,198,000	-2,756,000	-3,361,000	-3,774,000	-5,336,000	-3,446,000	-4,119,000	-5,632,000	-6,583,000	0
? Acquisitions Net	-12,997,000	265,000	3,411,000	314,000	5,336,000	3,446,000	4,119,000	5,741,000	56,000	0
? Purchases Of Investments	-242,362,000	-211,402,000	-185,740,000	-186,987,000	-274,491,000	-334,900,000	-359,158,000	-261,650,000	-236,512,000	0
? Sales Maturities Of Investments	223,517,000	197,708,000	191,737,000	179,595,000	256,224,000	270,514,000	268,828,000	232,809,000	246,936,000	0
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	0
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	0
? Net Dividends Paid	-1,253,000	-2,287,000	-3,797,000	-5,020,000	-5,447,000	-5,352,000	-5,198,000	-5,003,000	-5,212,000	0
? Common Dividends Paid
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	-64,773,000	28,292,000	66,854,000	44,528,000	42,933,000	233,595,000	17,272,000	137,763,000	687,000	0
? Effect Of Forex Changes On Cash	-1,055,000	-493,000	693,000	-773,000	-908,000	-1,966,000	-1,198,000	-3,385,000	95,000	0
? Net Change In Cash	-11,208,000	2,143,000	732,000	7,589,000	5,814,000	115,696,000	-47,582,000	79,992,000	-81,093,000	-260,932,000
? Cash At End Of Period	20,900,000	23,043,000	23,775,000	188,105,000	193,919,000	309,615,000	262,033,000	342,025,000	260,932,000	0
? Cash At Beginning Of Period	32,108,000	20,900,000	23,043,000	180,516,000	188,105,000	193,919,000	309,615,000	262,033,000	342,025,000	260,932,000
? Operating Cash Flow	39,737,000	53,932,000	-8,587,000	36,952,000	-12,837,000	-20,621,000	61,249,000	25,069,000	-73,416,000	0
? Capital Expenditure	-3,198,000	-2,756,000	-3,361,000	-3,774,000	-5,336,000	-3,446,000	-4,119,000	-5,632,000	-6,583,000	0
? Free Cash Flow	36,539,000	51,176,000	-11,948,000	33,178,000	-18,173,000	-24,067,000	57,130,000	19,437,000	-79,999,000	0
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027
Estimated Revenue (Low)	72,092,822.620	72,494,460.152	73,244,949.079	69,724,593.856	74,293,295.337	78,274,505.257	80,617,502.999	83,111,312.118	85,481,645.412	89,107,886.025
Estimated Revenue (High)	74,213,909.523	74,627,363.878	75,399,933.398	71,776,003.656	76,053,416.745	80,511,779.632	81,357,113.118	84,096,703.723	87,351,989.355	89,250,321.656
Estimated Revenue (Avg)	73,335,995.455	73,744,558.848	74,507,989.250	70,926,928.816	75,151,298.828	79,337,963.032	81,007,297.522	83,589,077.745	86,441,557.383	89,179,103.841
Estimated Ebitda (Low)	38,687,574.599	41,082,107.691	17,351,863.329	21,806,979.099	21,685,896.580	23,854,486.235	21,620,071.345	22,288,863.221	22,924,541.244	23,897,029.573
Estimated Ebitda (High)	58,031,361.897	61,623,161.538	26,027,794.993	32,710,468.649	32,528,844.870	35,781,729.356	21,818,420.623	22,553,126.389	23,426,131.692	23,935,228.083
Estimated Ebitda (Avg)	48,359,468.248	51,352,634.615	21,689,829.161	27,258,723.874	27,107,370.725	29,818,107.796	21,724,606.775	22,416,990.818	23,181,971.262	23,916,128.828
Estimated Net Income (Low)	13,893,043.828	14,164,358.590	5,754,178.094	11,786,093.932	10,600,446.738	6,280,799.998	11,099,583.719	11,998,684.263	15,541,423.271	16,262,131.619
Estimated Net Income (High)	20,839,565.743	21,246,537.886	8,631,267.141	17,679,140.900	15,900,670.110	9,421,200.001	11,658,410.124	16,310,711.723	19,946,109.907	24,833,008.398
Estimated Net Income (Avg)	17,366,304.786	17,705,448.238	7,192,722.618	14,732,617.416	13,250,558.424	7,851,000	11,378,996.922	14,117,195.860	16,265,057.760	17,271,741.460
Estimated SGA Expense (Low)	18,459,818.848	17,425,038.896	13,734,954.733	15,600,893.142	18,342,578.166	20,176,835.981	30,115,926.987	31,047,528.321	31,933,003.333	33,287,642.134
Estimated SGA Expense (High)	27,689,728.273	26,137,558.345	20,602,432.101	23,401,339.715	27,513,867.251	30,265,253.974	30,392,219.895	31,415,636.741	32,631,699.516	33,340,851.187
Estimated SGA Expense (Avg)	23,074,773.561	21,781,298.621	17,168,693.417	19,501,116.429	22,928,222.709	25,221,044.978	30,261,540.818	31,226,005.131	32,291,593.438	33,314,246.661
Estimated EPS (Avg)	6.600	7.680	4.270	10.120	6.990	5.270	5.840	7.280	9.370	11.480
Estimated EPS (High)	6.700	7.800	4.340	10.280	7.100	5.580	6.010	8.410	10.280	12.800
Estimated EPS (Low)	6.450	7.520	4.180	9.900	6.880	4.950	5.720	6.180	8.010	8.380
Number of Analysts (Estimated Revenue)	7	6	10	6	5	13	12	11	12	6
Number of Analysts (Estimated EPS)	6	6	9	5	6	12	12	9	13	7

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Current Key Metrics

?	Revenue (TTM) :	170.981B	?	P/S (TTM) :	0.87
?	Net Income (TTM) :	12.512B	?	P/E (TTM) :	11.02
?	Enterprise Value (TTM) :	586.974B	?	EV/FCF (TTM) :	-7.94
?	Dividend Yield (TTM) :	0.03	?	Payout Ratio (TTM) :	0.39
?	ROE (TTM) :	0.06	?	ROIC (TTM) :	0.01
?	Net Debt (TTM) :	551.249B	?	Debt/Equity (TTM) :	3.53
?	P/B (TTM) :	0.69	?	Current Ratio (TTM) :	0.29

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
12.02	10.33	18.59	7.84	11.35

SWOT Analysis

Strengths

Strong Dividend Profile: Citigroup is highlighted as a great dividend stock with a current dividend yield of 3.07%, appealing to income-focused investors. Positive coverage from Zacks reinforces its attractiveness for dividend seekers.
Robust Stock Performance: The stock has shown significant gains, up 5.12% over the past week, 10.15% over the past month, and 21.62% over the past year. It is trading near its 52-week high, indicating strong momentum and potential for further upside as per Zacks analysis.
Revenue Stability and Diversification: Citigroup's 2024 revenue of $71.36 billion reflects stability, with diversified income streams across segments like U.S. Personal Banking ($20.37 billion), Markets ($19.84 billion), and Services ($19.65 billion), reducing reliance on any single business line.
Leadership Compensation Alignment: A 33% increase in CEO Jane Fraser’s compensation to $34.5 million for 2024 signals confidence in leadership and strategic direction, potentially aligning management incentives with shareholder value creation.

Weaknesses

Declining Net Income: Net income dropped from $14.85 billion in 2022 to $9.23 billion in 2023, and only slightly recovered to $12.68 billion in 2024, indicating inconsistent profitability despite stable revenues, which may concern investors.
High Debt Levels: A debt-to-equity ratio of 3.53 (TTM) suggests significant leverage, posing risks to financial flexibility, especially in a rising interest rate environment or during economic downturns.
Negative Free Cash Flow: Free cash flow yield (TTM) stands at -54.18%, with historical data showing persistent negative free cash flow in recent years (e.g., -$79.99 billion in 2023), reflecting challenges in generating cash after capital expenditures.
Low Return on Invested Capital: ROIC (TTM) of 0.58% indicates inefficient use of capital, potentially undermining long-term growth prospects compared to industry peers.

Opportunities

Innovation in AI and Technology: Citigroup’s investment in Finmo, an AI-driven corporate treasury startup, alongside PayPal Ventures, positions the company to leverage emerging technologies, potentially enhancing operational efficiency and client offerings in financial services.
Favorable Regulatory Environment: The Federal Reserve’s 2025 stress test parameters, described as “easier” with smaller hypothetical shocks, could reduce compliance costs and capital requirements, benefiting bank stocks like Citigroup as noted by CNBC.
Improving Forward Valuations: Forward P/E ratios are projected to decline from 12.52 in 2024 to 7.80 in 2026 and 6.37 in 2027, suggesting the stock could become more attractively valued over time, potentially drawing value investors.
Business Restructuring Efforts: Ongoing restructuring, as highlighted by Zacks, combined with a 13.2% stock gain in a month, indicates potential for operational improvements and cost efficiencies to drive future profitability.

Threats

Reputational Risk from DEI Policy Changes: Citigroup’s decision to drop diversity targets and rename its DEI unit, as reported by Business Insider, may attract criticism and negative public perception, potentially impacting brand value and investor sentiment.
Sector Underperformance Risk: While Citigroup has outperformed recently, Zacks notes that finance stocks as a sector may lag, and Citigroup’s 3-month performance of -5.79% reflects vulnerability to broader sector downturns.
Economic and Market Volatility: With a beta of 1.29, Citigroup is more volatile than the market, exposing it to greater risk during economic slowdowns or market corrections, which could amplify losses compared to less volatile peers.
Regulatory and Competitive Pressures: Despite favorable stress test changes, the banking sector remains subject to stringent regulations and intense competition, which could constrain growth and margins if Citigroup fails to adapt swiftly.

C

2.34

2.53