Citigroup Inc
Exchange: NYSESector: Financial ServicesIndustry: Banks - Diversified
Citi is one of the world's largest financial institutions, operating in all major established and emerging markets. Across these world markets, our employees conduct an ongoing multi-disciplinary global conversation - accessing information, analyzing data, developing insights, and formulating advice for our clients. About Citi Global Perspectives & Solutions (Citi GPS) As our premier thought-leadership product, Citi Global Perspectives & Solutions (Citi GPS) is designed to help our clients navigate the global economy's most demanding challenges, identify future themes and trends, and help our clients profit in a fast-changing and interconnected world. Citi GPS accesses the best elements of our global conversation and harvests the thought leadership of our research analysts and a wide range of senior professionals across our firm. About the Oxford Martin School The Oxford Martin School is a world-leading research department of the University of Oxford. Its 200 academics work across more than 30 pioneering research programmes to find solutions to the world's most urgent challenges. It supports novel and high-risk projects that often do not fit within conventional funding channels, with the belief that breaking boundaries and fostering innovative collaborations can dramatically improve the wellbeing of this and future generations. Underpinning all our research is the need to translate academic excellence into impact – from innovations in science, medicine and technology, through to providing expert advice and policy recommendations. Web: www.oxfordmartin.ox.ac.uk - Twitter: @oxmartinschool - Facebook: /oxfordmartinschool
Did you know?
Trading 100% below its estimated fair value of $230.68.
Current Price
$115.25
-0.04%GoodMoat Value
$230.68
100.2% undervaluedProfile
Valuation (TTM)
Market Cap$206.21B
P/E14.41
EV$565.98B
P/B0.97
Shares Out1.79B
P/Sales2.42
Revenue$85.22B
EV/EBITDA23.80
Citigroup Inc (C) Stock Analysis
GoodMoat Analysis
Citigroup presents a complex case for value investors, with a significant discount to GoodMoat's estimated fair value but a challenging profile for moat and quality assessment. The bank's global scale and regulatory complexity offer some competitive advantages, but its financial metrics show mixed quality. A deeper investigation is required to reconcile the valuation opportunity with the business fundamentals.
Read full analysis
Citigroup is a global diversified bank operating in consumer banking, institutional banking, and wealth management across numerous countries. Applying the GoodMoat framework, its moat is difficult to score using the standard 14-point checklist, which is heavily geared toward technology and asset-light businesses. For a bank, advantages typically stem from scale, regulatory barriers, and complex global networks, which Citi possesses, but these are not directly captured in the standard scoring. On quality indicators, the picture is mixed: a P/E of 14.3x and an operating margin of 23.3% are reasonable, but a low ROE of 6.7%, a high Debt/Equity ratio of 3.37, and a negative Free Cash Flow Yield of -36.2% are weak signals that would likely result in several 'Weak' ratings in Section 2. This suggests the business may struggle to pass the 'Moat & Quality Gate' in Step 1 of the Decision Framework without a sector-specific interpretation. However, the valuation is the most striking feature: the current price of $114.48 is approximately 50% below the GoodMoat Target of $230.68. This implies a potential margin of safety well over 40%, which the framework classifies as 'Deeply Undervalued.' For a value investor, this creates a compelling tension—the price appears highly favourable, but the underlying business quality, as measured by conventional metrics, requires careful scrutiny to understand the risks behind the discount. Further investigation should focus on sector-specific bank analysis, including net interest margins, loan book quality, and the progress of its ongoing restructuring. Analysis based on data as of 2024-05-15.
Market Cap$206.21B
Current Price$115.25
P/E Ratio14.41
Forward P/E—
PEG Ratio-1.63
EPS$6.99
Book Value$118.65
P/B Ratio0.97
C Financial Charts
FCF vs CAPEX
FCFCAPEX
Cash vs Debt
Net Debt: 366.2B
Revenue
75.1B
FY19
75.5B
FY20
71.9B
FY21
75.3B
FY22
78.1B
FY23
80.7B
FY24
85.2B
FY25
Net Income
19.4B
FY19
11.0B
FY20
22.0B
FY21
14.8B
FY22
9.2B
FY23
12.7B
FY24
14.3B
FY25
C 52-Week Range
$57.29
$123.77
50-Day MA: $112.73200-Day MA: $102.38
Did you know?
Trading 100% below its estimated fair value of $230.68.
Citigroup Inc (C) Financial Summary
Citigroup Inc (C) is a Financial Services company in the Banks - Diversified industry, listed on NYSE. The stock currently trades at $115.25 with a market capitalization of $206.21B.
Key valuation metrics include a P/E ratio of 14.41, price-to-book ratio of 0.97, and EPS of $6.99. The company reports a profit margin of 16.8% and return on equity of 6.7%.
C Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $206.21B |
| P/E Ratio | 14.41 |
| EPS | $6.99 |
| P/B Ratio | 0.97 |
| P/S Ratio | 2.42 |
| EV/EBITDA | 23.80 |
| Dividend Yield | 2.61% |
| Profit Margin | 16.8% |
| Return on Equity | 6.7% |
| Debt/Equity | 3.37 |
C Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $75.07B | $19.40B |
| FY20 | $75.50B | $11.05B |
| FY21 | $71.88B | $21.95B |
| FY22 | $75.34B | $14.85B |
| FY23 | $78.07B | $9.23B |
| FY24 | $80.72B | $12.68B |
| FY25 | $85.22B | $14.31B |
Citigroup Inc (C) Valuation
Based on GoodMoat's DCF model, Citigroup Inc has a fair value estimate of $230.68. At the current price of $115.25, the stock appears 50.0% undervalued relative to our intrinsic value estimate.
C Quality Indicators
Citigroup Inc maintains a profit margin of 16.8% and an operating margin of 23.3%. Return on equity stands at 6.7%. Debt-to-equity ratio is 3.37.
About Citigroup Inc
Citi is one of the world's largest financial institutions, operating in all major established and emerging markets. Across these world markets, our employees conduct an ongoing multi-disciplinary global conversation - accessing information, analyzing data, developing insights, and formulating advice for our clients. About Citi Global Perspectives & Solutions (Citi GPS) As our premier thought-leadership product, Citi Global Perspectives & Solutions (Citi GPS) is designed to help our clients navigate the global economy's most demanding challenges, identify future themes and trends, and help our clients profit in a fast-changing and interconnected world. Citi GPS accesses the best elements of our global conversation and harvests the thought leadership of our research analysts and a wide range of senior professionals across our firm. About the Oxford Martin School The Oxford Martin School is a world-leading research department of the University of Oxford. Its 200 academics work across more than 30 pioneering research programmes to find solutions to the world's most urgent challenges. It supports novel and high-risk projects that often do not fit within conventional funding channels, with the belief that breaking boundaries and fostering innovative collaborations can dramatically improve the wellbeing of this and future generations. Underpinning all our research is the need to translate academic excellence into impact – from innovations in science, medicine and technology, through to providing expert advice and policy recommendations. Web: www.oxfordmartin.ox.ac.uk - Twitter: @oxmartinschool - Facebook: /oxfordmartinschool
C Free Cash Flow
Citigroup Inc generated $-74.09B in trailing twelve-month free cash flow, representing an FCF yield of -35.93%. This low FCF yield may reflect heavy reinvestment or growth spending.
C Shares Outstanding
Citigroup Inc has 1.79 billion shares outstanding at a share price of $115.25, giving it a market capitalization of $206.21B.
C Recent Insider Trades
Recent insider transactions at Citigroup Inc include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| Mason Mark (Chief Financial Officer) | SELL | 1,627 | $186128.47 |
| Torres Cantu Ernesto (Head of International) | SELL | 24,145 | $2.68M |
| LUCHETTI GONZALO (Head of U.S. Personal Banking) | SELL | 19,974 | $2.30M |