Citigroup Inc (C) Stock Analysis

Market Cap	155.11 B	P/E(ttm)	19.20
Enterprise Value	439.66 B	P/B	0.80

Financial Strength : 5/10

		vs industry	vs history
Cash to Debt	0.475	C's Cash to Debt is ranked higher than 53% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 0.85 vs. C: 0.475 )	C' s 10-Year Cash to Debt Range Min: 0.17 Max: 0.49 Current: 0.48 0.17 0.49
Equity to Asset	0.084	C's Equity to Asset is ranked lower than 62% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 0.09 vs. C: 0.084 )	C' s 10-Year Equity to Asset Range Min: 0.02 Max: 0.08 Current: 0.08 0.02 0.08
Interest Coverage	No Debt	C's Interest Coverage is ranked lower than 72% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 10000.00 vs. C: No Debt )	C' s 10-Year Interest Coverage Range Min: No Debt Max: No Debt Current: No Debt

F-Score: 5
Z-Score: 0.27

Profitability & Growth : 7/10

		vs industry	vs history
Operating margin (%)	11.30	C's Operating margin (%) is ranked lower than 77% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 25.80 vs. C: 11.30 )	C' s 10-Year Operating margin (%) Range Min: -100.5 Max: 35.2 Current: 11.3 -100.5 35.2
Net-margin (%)	10.7	C's Net-margin (%) is ranked lower than 82% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 18.10 vs. C: 10.7 )	C' s 10-Year Net-margin (%) Range Min: -52.4 Max: 29.4 Current: 10.7 -52.4 29.4
ROE (%)	4	C's ROE (%) is ranked lower than 81% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 6.80 vs. C: 4 )	C' s 10-Year ROE (%) Range Min: -19.5 Max: 21.8 Current: 4 -19.5 21.8
ROA (%)	0.4	C's ROA (%) is ranked higher than 55% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 0.80 vs. C: 0.4 )	C' s 10-Year ROA (%) Range Min: -1.4 Max: 1.6 Current: 0.4 -1.4 1.6
Revenue Growth (%)	-23	C's Revenue Growth (%) is ranked lower than 69% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 1.70 vs. C: -23 )	C' s 10-Year Revenue Growth (%) Range Min: -35 Max: 4.8 Current: -23 -35 4.8

» C's 10-Y Financials

Financials

Revenue & Net Income

Equity & Asset

Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2012

Q3 2012

Q4 2012

Q1 2013

» Details

Insider Trades

Latest Guru Trades with C

Select Gurus | Default List of Gurus | All Investors | Mutual Fund Gurus | Hedge Fund Gurus

Guru	Date	Trades	Impact to Portfolio	Price Range * (?)	Current Price	Change from Average	Current Shares
George Soros	2013-03-31	Reduce -93.3%	3.55%	$39.56 - $47.6	$ 51.6	19%	544500
Julian Robertson	2013-03-31	New Buy	2.7%	$39.56 - $47.6	$ 51.6	19%	449100
John Griffin	2013-03-31	New Buy	2.6%	$39.56 - $47.6	$ 51.6	19%	4660000
Leon Cooperman	2013-03-31	Add 146.66%	0.89%	$39.56 - $47.6	$ 51.6	19%	2242100
Lee Ainslie	2013-03-31	New Buy	0.62%	$39.56 - $47.6	$ 51.6	19%	1085000
John Paulson	2013-03-31	New Buy	0.25%	$39.56 - $47.6	$ 51.6	19%	1000000
Charles Brandes	2013-03-31	Add 5.84%	0.11%	$39.56 - $47.6	$ 51.6	19%	3809452
David Dreman	2013-03-31	Reduce -34.46%	0.03%	$39.56 - $47.6	$ 51.6	19%	60671
Ray Dalio	2013-03-31	Reduce -43.12%		$39.56 - $47.6	$ 51.6	19%	16222
John Keeley	2013-03-31	Add 44.57%		$39.56 - $47.6	$ 51.6	19%	16842
George Soros	2012-12-31	Add 435.61%	3.09%	$33.26 - $40.17	$ 51.6	41%	8125251
Lee Ainslie	2012-12-31	Sold Out	2.2%	$33.26 - $40.17	$ 51.6	41%	0
David Dreman	2012-12-31	Reduce -71.9%	0.19%	$33.26 - $40.17	$ 51.6	41%	92576
Bruce Berkowitz	2012-12-31	Reduce -81.9%	0.12%	$33.26 - $40.17	$ 51.6	41%	57360
Mario Gabelli	2012-12-31	Add 53.49%	0.03%	$33.26 - $40.17	$ 51.6	41%	307900
Joel Greenblatt	2012-12-31	Sold Out	0.02%	$33.26 - $40.17	$ 51.6	41%	0
Ray Dalio	2012-12-31	Reduce -57.44%	0.02%	$33.26 - $40.17	$ 51.6	41%	28522
John Keeley	2012-12-31	Add 42.94%		$33.26 - $40.17	$ 51.6	41%	11650
Richard Perry	2012-09-30	Sold Out	2.7%	$25.24 - $34.78	$ 51.6	78%	0
Ronald Muhlenkamp	2012-09-30	Add 1012.67%	2.09%	$25.24 - $34.78	$ 51.6	78%	330295
Lee Ainslie	2012-09-30	Add 119.16%	1.2%	$25.24 - $34.78	$ 51.6	78%	5007711
John Griffin	2012-09-30	Sold Out	0.92%	$25.24 - $34.78	$ 51.6	78%	0
George Soros	2012-09-30	New Buy	0.8%	$25.24 - $34.78	$ 51.6	78%	1517000
Leon Cooperman	2012-09-30	Add 76.14%	0.24%	$25.24 - $34.78	$ 51.6	78%	847400
David Dreman	2012-09-30	Reduce -34.61%	0.11%	$25.24 - $34.78	$ 51.6	78%	329398
Ray Dalio	2012-09-30	Add 388.43%	0.02%	$25.24 - $34.78	$ 51.6	78%	67022
Joel Greenblatt	2012-09-30	New Buy	0.02%	$25.24 - $34.78	$ 51.6	78%	7928
Ruane Cunniff	2012-09-30	New Buy		$25.24 - $34.78	$ 51.6	78%	6153
Richard Perry	2012-06-30	New Buy	2.7%	$25.05 - $36.78	$ 51.6	72%	2470000
Ronald Muhlenkamp	2012-06-30	Reduce -92.18%	2.3%	$25.05 - $36.78	$ 51.6	72%	29685
Leon Cooperman	2012-06-30	Reduce -73.16%	0.95%	$25.05 - $36.78	$ 51.6	72%	481100
Michael Price	2012-06-30	Add 14.26%	0.4%	$25.05 - $36.78	$ 51.6	72%	801454
Lee Ainslie	2012-06-30	Add 38.58%	0.25%	$25.05 - $36.78	$ 51.6	72%	2285000
George Soros	2012-06-30	Sold Out	0.22%	$25.05 - $36.78	$ 51.6	72%	0
Ray Dalio	2012-06-30	New Buy	0.01%	$25.05 - $36.78	$ 51.6	72%	13722
Mario Gabelli	2012-06-30	Add 40.79%	0.01%	$25.05 - $36.78	$ 51.6	72%	208100
Ruane Cunniff	2012-06-30	Sold Out	0.0017%	$25.05 - $36.78	$ 51.6	72%	0
John Keeley	2012-06-30	Add 32.52%		$25.05 - $36.78	$ 51.6	72%	8150

More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Citigroup Inc

Diamond Hill Capital Comments on Citigroup - Oct 23, 2012

We also initiated a position in banking and financial services company Citigroup, Inc. (C) as we gained confidence in the company's financial condition. Citigroup has addressed credit quality and weak capital issues, which should allow it to rapidly wind down its troubled asset portfolio. We also expect Citigroup to re-establish its capital return program through dividend increases and share repurchases which should benefit shareholders.

From Diamond Hill Capital's Third Quarter Large Cap Fund Commentary.

Check out Diamond Hill Capital latest stock trades

Bill Ackman Comments on Citigroup - Jun 13, 2012

Citigroup (C) comments from Pershing Square's first-quarter letter:

Citigroup, Inc. (Citi)

In the first quarter, Citi’s share price appreciated materially from a depressed level at the end of 2011, and in recent weeks, declined back to similar levels. We have believed for some time that Citi is a well-capitalized financial institution trading at a substantial discount to intrinsic value. We have also believed that Citi’s ability to return capital to shareholders principally through share repurchases will be an important catalyst for value recognition by shareholders.

Shortly after the first quarter ended, the Federal Reserve released the results of its annual stress test for large U.S. financial institutions and Citi reported earnings. These annual stress tests attempt to determine how a severe economic downturn would impact the capital of the largest U.S. banks. In conjunction with the stress test, the banks submit a proposal to return a specified amount of capital to their shareholders over the next several years. Based on the test’s results, the Fed either approves or rejects the banks’ proposals.

We believe this year’s stress test results showed that Citi is one of the best capitalized U.S. banks, which would make it unlikely to need to raise capital even in the event of a continued severe and long-lasting economic downturn. Unfortunately, the Fed did not approve Citi’s proposal to return what we believe was $5 billion to $8 billion of capital to its shareholders.

The Fed requires that banks maintain at least a 5% capital ratio after undergoing the stress scenarios, which is a measure of a bank’s equity capital relative to its risk-weighted assets. If Citi had been allowed to return the amount of capital to shareholders that it proposed, it would have achieved a 4.9% capital ratio, 10 basis points below the required minimum. Unfortunately, the Fed took a “thumbs-up” or “thumbs-down” approach to the capital return request – if the bank’s request was one dollar above the minimum as determined by the Fed, its request was denied.

Citi is required to resubmit a capital plan in the next few months. Based on the amount of capital that Citi generated in the first quarter of this year, the bank’s capital is now above the minimum 5% capital ratio by a wide margin if it were to resubmit the same capital request. In light of the currently uncertain environment, however, Citi has elected not to seek to return capital to shareholders in 2012, delaying a potential valuation catalyst into 2013.

In the first quarter of this year, Citi reported one if its strongest earnings results in the last several quarters. Revenue increased at a healthy rate in its core businesses, credit costs continued to improve, and capital levels continued to increase. With this progress, Citi generated a more than15% return on tangible equity in its core business. Citi’s core businesses also generated operating leverage, as revenue grew more quickly than expenses. Citi’s historic inability to generate operating leverage in previous quarters had previously been a red flag for investors.

Citi remains extremely cheap relative to our estimate of intrinsic value – it trades at less than60% of tangible book value, about six times last year’s underlying earnings per share and about four times normalized earnings per share after giving credit to its net tax assets and excess capital.

The intrinsic value of Citi has increased meaningfully over the course of our ownership of the bank while the stock price has declined substantially. We believe that the continued generation of profits and increase in growth of tangible book value will ultimately cause investors to revalue the bank at prices approaching its intrinsic value.

Check out Bill Ackman latest stock trades

Top Ranked Articles about Citigroup Inc

Lady Guru Sarah Ketterer's Top 5 Increases

May 16, 2013

The lady Guru, Sarah Ketterer, CEO and co-founder of Los Angeles-based Causeway Capital reported a rather active quarter according to the GuruFocus Real Time Picks. Ketterer added six new stocks; she increased her position in 36 companies, reduced her holdings in 13 and sold out of five stocks. Read more...

Mohnish Pabrai Increases Holdings in CHK and Makes Reductions in Two Others

May 15, 2013

During the first quarter Guru Mohnish Pabrai added to one of his stocks and reduced his holdings in two other companies. The two companies that Pabrai made reductions in are from the financial sector. Pabrai holds a total 7 stocks that are currently valued at $340 million. [b] Read more...

True Alpha - Top Holdings of Highest-Earning Guru David Tepper

May 6, 2013

[i][b] Read more...

John Paulson Adds New Sector Bets and Cuts Financials Again

February 21, 2013

John Paulson’s investing philosophy is based on making sector bets according to his interpretation of the macroeconomic picture. The strategy paid off well when he made $3.7 billion in 2007 shorting the subprime mortgage market and another $5 billion in 2010 primarily by betting on gold. Times have been less spectacular since then, with his funds losing 36% in 2011 by being too early in financials and returning 1% in 2012. Read more...

Weekly Top Insider Buys: C, L, AA, WU, HBAN

December 3, 2012

According to GuruFocus Insider Data, these are the largest insider buys during the past week: Citigroup Inc. (C), Loews Corporation (L), Alcoa Inc. (AA), Western Union Company (WU), and Huntington Bancshares Inc. (HBAN). Read more...

The Stocks the Most Investing Gurus Bought in the Third Quarter

November 21, 2012

Almost all investors GuruFocus follows have reported their third quarter portfolios, making it possible to see their buying trends. GuruFocus’ feature, the S&P 500 Grid, shows the consensus buys of Gurus during the period. Read more...

Weekly Top Insider Buys: C, BAC, UNH, GM, APA

November 12, 2012

According to GuruFocus Insider Data, these are the largest insider buys during the past week: Citigroup Inc. (C), Bank of America Corporation (BAC), UnitedHealth Group Inc. (UNH), General Motors Co. (GM) and Apache Corporation (APA). Read more...

Diamond Hill Capital Buys C, AIG, KEY, FIG, Sells EXH, GRPN, BAC, DFS, LQDT

October 25, 2012

This is the portfolio chart of Diamond Hill Capital. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position. Read more...

Diamond Hill Capital Comments on Citigroup

October 23, 2012

Diamond Hill Capital Buys 4 Stocks, All Financials

October 22, 2012

Diamond Hill Capital has updated its third-quarter portfolio, which includes four new stocks: Citigroup (C), American International Group (AIG), KeyCorp (KEY) and Fortress Investment Group (FIG). Read more...

» More Articles for C

		vs industry	vs history
P/E(ttm)	19.00	C's P/E(ttm) is ranked lower than 53% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 13.43 vs. C: 19.00 )	C' s 10-Year P/E(ttm) Range Min: 6.29 Max: 50.46 Current: 19 6.29 50.46
P/B	0.80	C's P/B is ranked higher than 69% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 0.90 vs. C: 0.80 )	C' s 10-Year P/B Range Min: 0.04 Max: 5.3 Current: 0.8 0.04 5.3
P/S	2.19	C's P/S is ranked higher than 59% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 2.20 vs. C: 2.19 )	C' s 10-Year P/S Range Min: 0.09 Max: 3.97 Current: 2.19 0.09 3.97
PFCF	5.00	C's PFCF is ranked higher than 52% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 6.70 vs. C: 5.00 )	C' s 10-Year PFCF Range Min: 0.07 Max: 98.96 Current: 5 0.07 98.96
EV-to-EBIT	62.5	C's EV-to-EBIT is ranked lower than 64% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 16.90 vs. C: 62.5 )	C' s 10-Year EV-to-EBIT Range Min: 10.7 Max: 375 Current: 62.5 10.7 375
Shiller P/E	20.8	C's Shiller P/E is ranked higher than 90% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 14.60 vs. C: 20.8 )	C' s 10-Year Shiller P/E Range Min: 0.54 Max: 20.8 Current: 20.8 0.54 20.8

		vs industry	vs history
Dividend Yield	0.08	C's Dividend Yield is ranked lower than 66% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 2.20 vs. C: 0.08 )	C' s 10-Year Dividend Yield Range Min: 0.02 Max: 78.64 Current: 0.08 0.02 78.64
Dividend Payout	0.014	C's Dividend Payout is ranked higher than 97% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 0.42 vs. C: 0.014 )	C' s 10-Year Dividend Payout Range Min: 0.01 Max: 2.98 Current: 0.01 0.01 2.98
Dividend growth (3y)	-20.5	C's Dividend growth (3y) is ranked higher than 65% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: -21.50 vs. C: -20.5 )	C' s 10-Year Dividend growth (3y) Range Min: -100 Max: 27.8 Current: -20.5 -100 27.8
Yield on cost (5-Year)	0.10	C's Yield on cost (5-Year) is ranked lower than 63% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 1.92 vs. C: 0.10 )	C' s 10-Year Yield on cost (5-Year) Range Min: 0.02 Max: 78.64 Current: 0.1 0.02 78.64
Share Buyback Rate	-25.6	C's Share Buyback Rate is ranked lower than 68% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: -1.75 vs. C: -25.6 )	C' s 10-Year Share Buyback Rate Range Min: 1 Max: -56.1 Current: -25.6

		vs industry	vs history
Price/Net Current Asset Value	9.6	C's Price/Net Current Asset Value is ranked higher than 95% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 11.70 vs. C: 9.6 )	C' s 10-Year Price/Net Current Asset Value Range Min: 1.3 Max: 14.3 Current: 9.6 1.3 14.3
Price/Tangible Book	1	C's Price/Tangible Book is ranked lower than 59% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 1.00 vs. C: 1 )	C' s 10-Year Price/Tangible Book Range Min: 0.4 Max: 4.5 Current: 1 0.4 4.5
Price/DCF (Projected)	0.5	C's Price/DCF (Projected) is ranked lower than 80% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 0.50 vs. C: 0.5 )	C' s 10-Year Price/DCF (Projected) Range Min: 0.2 Max: 3.1 Current: 0.5 0.2 3.1
Price/Median PS Value	0.9	C's Price/Median PS Value is ranked higher than 53% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 0.80 vs. C: 0.9 )	C' s 10-Year Price/Median PS Value Range Min: 0.1 Max: 1.3 Current: 0.9 0.1 1.3
Price/Graham Number	0.9	C's Price/Graham Number is ranked higher than 89% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 0.80 vs. C: 0.9 )	C' s 10-Year Price/Graham Number Range Min: 0.4 Max: 2.3 Current: 0.9 0.4 2.3
Earnings Yield (Greenblatt)	1.60	C's Earnings Yield (Greenblatt) is ranked lower than 52% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 5.80 vs. C: 1.60 )	C' s 10-Year Earnings Yield (Greenblatt) Range Min: 0.3 Max: 9.4 Current: 1.6 0.3 9.4
Forward Rate of Return (Yacktman)	27.6	C's Forward Rate of Return (Yacktman) is ranked lower than 60% of the 811 Companies in the Global Banks - Global industry. ( Industry Median: 15.01 vs. C: 27.6 )	C' s 10-Year Forward Rate of Return (Yacktman) Range Min: -317.3 Max: 40.5 Current: 27.6 -317.3 40.5

Industry:	Banks - Global
Compare:	HBC, JPM, TD, UBS, BCS
Traded in other countries:	8710.Japan, TRVC.Germany

	Worst	Neutral			Best
Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

FocusBar

Home

Premium Membership

Value Screens

Model Portfolios

Guru Stocks

Market Valuation

By Country

Articles

Submit Articles

Financial Strength : 5/10

Profitability & Growth : 7/10

Financials

Guru Trades

C Guru Trades in Q2 2012

C Guru Trades in Q3 2012

C Guru Trades in Q4 2012

C Guru Trades in Q1 2013

Insider Trades

Latest Guru Trades with C

Guru Investment Theses on Citigroup Inc

Diamond Hill Capital Comments on Citigroup - Oct 23, 2012

Bill Ackman Comments on Citigroup - Jun 13, 2012

Top Ranked Articles about Citigroup Inc

Ratios

Dividend & Buy Back

Valuation & Return

Business Description

Headlines

Personalized Checklist