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Citigroup (XSGO:C) Cyclically Adjusted FCF per Share : $2.91 (As of Dec. 2023)


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What is Citigroup Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Citigroup's adjusted free cash flow per share for the three months ended in Dec. 2023 was $-3.317. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $2.91 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Citigroup's average Cyclically Adjusted FCF Growth Rate was -63.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -22.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -5.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 4.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Citigroup was 46.90% per year. The lowest was -29.70% per year. And the median was 3.05% per year.

As of today (2024-04-27), Citigroup's current stock price is $55.60. Citigroup's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.91. Citigroup's Cyclically Adjusted Price-to-FCF of today is 19.11.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Citigroup was 2599.50. The lowest was 2.29. And the median was 7.71.


Citigroup Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Citigroup's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Citigroup Cyclically Adjusted FCF per Share Chart

Citigroup Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.76 7.44 7.93 11.02 2.91

Citigroup Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.98 4.26 4.11 2.91 -

Competitive Comparison of Citigroup's Cyclically Adjusted FCF per Share

For the Banks - Diversified subindustry, Citigroup's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Citigroup's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Citigroup's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Citigroup's Cyclically Adjusted Price-to-FCF falls into.



Citigroup Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Citigroup's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-3.317/129.4194*129.4194
=-3.317

Current CPI (Dec. 2023) = 129.4194.

Citigroup Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 9.440 99.695 12.255
201406 -1.637 100.560 -2.107
201409 3.229 100.428 4.161
201412 3.102 99.070 4.052
201503 0.445 99.621 0.578
201506 5.131 100.684 6.595
201509 7.347 100.392 9.471
201512 -0.792 99.792 -1.027
201603 -0.421 100.470 -0.542
201606 7.178 101.688 9.136
201609 2.275 101.861 2.890
201612 8.789 101.863 11.167
201703 -1.388 102.862 -1.746
201706 -7.090 103.349 -8.878
201709 6.445 104.136 8.010
201712 -2.368 104.011 -2.946
201803 2.336 105.290 2.871
201806 0.254 106.317 0.309
201809 8.364 106.507 10.163
201812 2.411 105.998 2.944
201903 -16.280 107.251 -19.645
201906 -1.298 108.070 -1.554
201909 0.620 108.329 0.741
201912 9.944 108.420 11.870
202003 -12.297 108.902 -14.614
202006 2.623 108.767 3.121
202009 -1.923 109.815 -2.266
202012 -1.136 109.897 -1.338
202103 10.669 111.754 12.355
202106 -0.278 114.631 -0.314
202109 17.067 115.734 19.085
202112 -6.696 117.630 -7.367
202203 -5.269 121.301 -5.622
202206 11.366 125.017 11.766
202209 -1.632 125.227 -1.687
202212 5.546 125.222 5.732
202303 -16.353 127.348 -16.619
202306 -28.218 128.729 -28.369
202309 7.225 129.860 7.201
202312 -3.317 129.419 -3.317

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Citigroup  (XSGO:C) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Citigroup's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=55.60/2.91
=19.11

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Citigroup was 2599.50. The lowest was 2.29. And the median was 7.71.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Citigroup Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Citigroup's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Citigroup (XSGO:C) Business Description

Industry
Address
388 Greenwich Street, New York, NY, USA, 10013
Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into two primary segments: the institutional clients group and the personal banking and wealth-management group. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.

Citigroup (XSGO:C) Headlines