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CIT Group Price-to-Free-Cash-Flow

: 19.67 (As of Today)
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As of today (2021-06-16), CIT Group's share price is $53.09. CIT Group's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Mar. 2021 was $2.70. Hence, CIT Group's Price-to-Free-Cash-Flow Ratio for today is 19.67.

NYSE:CIT' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 13.15   Med: 23.72   Max: 132.34
Current: 19.68

13.15
132.34

During the past 13 years, CIT Group's highest Price-to-Free-Cash-Flow Ratio was 132.34. The lowest was 13.15. And the median was 23.72.

NYSE:CIT's Price-to-Free-Cash-Flow is ranked lower than
88% of the 1111 Companies
in the Banks industry.

( Industry Median: 6.66 vs. NYSE:CIT: 19.68 )

CIT Group's Free Cash Flow per Share for the three months ended in Mar. 2021 was $1.82. Its Free Cash Flow per Share for the trailing twelve months (TTM) ended in was $2.70.

During the past 12 months, the average Free Cash Flow per Share Growth Rate of CIT Group was -544.30% per year. During the past 3 years, the average Free Cash Flow per Share Growth Rate was -51.30% per year.

During the past 13 years, CIT Group's highest 3-Year average Free Cash Flow per Share Growth Rate was 154.00% per year. The lowest was -51.30% per year. And the median was -9.85% per year.


CIT Group Price-to-Free-Cash-Flow Historical Data

* 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.

CIT Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Price-to-Free-Cash-Flow
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.99 - 13.63 36.04 -

CIT Group Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Price-to-Free-Cash-Flow 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 Premium Member Only Premium Member Only Premium Member Only - - - - 19.08

Competitive Comparison
* 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.
   

CIT Group Price-to-Free-Cash-Flow Distribution

* The bar in red indicates where CIT Group's Price-to-Free-Cash-Flow falls into.



CIT Group Price-to-Free-Cash-Flow Calculation

CIT Group's Price-to-Free-Cash-Flow ratio for today is calculated as

Price-to-Free-Cash-Flow Ratio=Share Price/ Free Cash Flow per Share (TTM)
=53.09/2.699
=19.67

CIT Group's Share Price of today is $53.09.
CIT Group's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Mar. 2021 was -1.905 (Jun. 2020 ) + 1.62 (Sep. 2020 ) + 1.167 (Dec. 2020 ) + 1.817 (Mar. 2021 ) = $2.70.

* 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.

It can also be calculated from the numbers for the whole company:

Price-to-Free-Cash-Flow Ratio=Market Cap/Free Cash Flow

CIT Group  (NYSE:CIT) Price-to-Free-Cash-Flow Explanation

Free Cash Flow is considered more important than earnings by value investors. The reason is because, in principle, only the net cash that can be taken from the business belongs to shareholders. This Free Cash Flow can be used to grow the business, reduce debt or return to shareholders in dividends or share buybacks.

In a DCF Calculation Free Cash Flow is used to determine the intrinsic value of companies.


Be Aware

In real business, Free Cash Flow can be affected by the change in accounts receivable, accounts payable, management's decision on expansion, etc. Therefore, investors should look at the Free Cash Flow over the longer term. Long-term average of Free Cash Flow is a more reliable indicator for real free cash flow.


CIT Group Price-to-Free-Cash-Flow Related Terms


CIT Group Price-to-Free-Cash-Flow Headlines

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