CIT Group Valuation
| FCNCO Preferred Stock | USD 23.97 0.51 2.17% |
At this time, the firm appears to be fairly valued. CIT Group Preferred shows a prevailing Real Value of $23.94 per share. The current price of the firm is $23.97. Our model approximates the value of CIT Group Preferred from reviewing the firm fundamentals such as return on equity of 0.15, and Profit Margin of 0.27 % as well as analyzing its technical indicators and probability of bankruptcy.
Fairly Valued
Today
Please note that CIT Group's price fluctuation is very steady at this time. Calculation of the real value of CIT Group Preferred is based on 3 months time horizon. Increasing CIT Group's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since CIT Group is currently traded on the exchange, buyers and sellers on that exchange determine the market value of CIT Preferred Stock. However, CIT Group's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 23.97 | Real 23.94 | Hype 23.97 | Naive 23.65 |
The intrinsic value of CIT Group's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence CIT Group's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of CIT Group Preferred helps investors to forecast how CIT preferred stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of CIT Group more accurately as focusing exclusively on CIT Group's fundamentals will not take into account other important factors: CIT Group Total Value Analysis
CIT Group Preferred is currently forecasted to have takeover price of 0 with market capitalization of 0, debt of 1.19 B, and cash on hands of 7.14 B. Please note that takeover price may be misleading and is a subject to mistakes in financial statements. We encourage investors to thoroughly investigate all of the CIT Group fundamentals before making investing decisions based on enterprise value of the company| Takeover Price | Market Cap | Debt Obligations | Cash |
0 | 0 | 1.19 B | 7.14 B |
CIT Group Investor Information
About 17.0% of the company shares are owned by institutional investors. The company recorded earning per share (EPS) of 57.47. CIT Group Preferred last dividend was issued on the 29th of November 2022. Based on the analysis of CIT Group's profitability, liquidity, and operating efficiency, CIT Group Preferred is not in a good financial situation at the present time. It has a very high likelihood of going through financial trouble in December.CIT Group Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. CIT Group has an asset utilization ratio of 3.15 percent. This suggests that the Company is making $0.0315 for each dollar of assets. An increasing asset utilization means that CIT Group Preferred is more efficient with each dollar of assets it utilizes for everyday operations.CIT Group Profitability Analysis
The company reported the revenue of 1.84 B. Net Income was 547.46 M with profit before overhead, payroll, taxes, and interest of 4 B.CIT Group Past Distributions to stockholders
About CIT Group Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of CIT Group Preferred. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of CIT Group Preferred based exclusively on its fundamental and basic technical indicators. By analyzing CIT Group's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of CIT Group's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of CIT Group. We calculate exposure to CIT Group's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of CIT Group's related companies.First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina. First Citizens operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 6578 people.
8 Steps to conduct CIT Group's Valuation Analysis
Company's valuation is the process of determining the worth of any company in monetary terms. It estimates CIT Group's potential worth based on factors such as financial performance, market conditions, growth prospects, and overall economic environment. The result of company valuation is a single number representing a Company's current market value. This value can be used as a benchmark for various financial transactions such as mergers and acquisitions, initial public offerings (IPOs), or private equity investments. To conduct CIT Group's valuation analysis, follow these 8 steps:- Gather financial information: Obtain CIT Group's financial statements, including balance sheets, income statements, and cash flow statements.
- Determine CIT Group's revenue streams: Identify CIT Group's primary sources of revenue, including products or services offered, target markets, and pricing strategies.
- Analyze market data: Research CIT Group's industry and market trends, including the size of the market, growth rate, and competition.
- Establish CIT Group's growth potential: Evaluate CIT Group's management, business model, and growth potential.
- Determine CIT Group's financial performance: Analyze its financial statements to assess its historical performance and future potential.
- Choose a valuation method: Consider the Company's specific circumstances and choose an appropriate valuation method, such as the discounted cash flow (DCF) or comparable analysis method.
- Calculate the value: Apply the chosen valuation method to the financial information and market data to calculate CIT Group's estimated value.
- Review and adjust: Review the results and make necessary adjustments, considering any relevant factors that may have been missed or overlooked.
A single share of CIT Group represents a small ownership stake in the entity. As a stockholder of CIT, your percentage of company ownership is determined by dividing the number of shares you own by the total number of shares outstanding and then multiplying that amount by 100. Owning stock in a company generally confers both corporate voting rights and income from any dividends paid to the stock owner.
CIT Group Dividends Analysis For Valuation
Please note that CIT Group has scaled down on payment of dividends at this time.
There are various types of dividends CIT Group can pay to its shareholders, and the actual value of the dividend is determined on a per-share basis. It is to be paid equally to all of CIT shareholders on a specific date, known as the payable date. The cash dividend is the most common type of dividend payment - it is the payment of actual cash from CIT Group Preferred directly to its shareholders. There are other types of dividends that companies can issue, such as stock dividends or asset dividends. When CIT pays a dividend, it has no impact on its enterprise value. It does, however, lowers the Equity Value of CIT Group by the value of the dividends paid out.
CIT Group Growth Indicators
Growth stocks usually refer to those companies expected to grow sales and earnings faster than the market average. Growth stocks typically don't pay dividends, often look expensive, and usually trading at a high P/E ratio. Nevertheless, such valuations could be relatively cheap if the company continues to grow, which will drive the share price up. However, since most investors are paying a high price for a growth stock, based on expectations, if those expectations are not fully realized, growth stocks can see dramatic declines.
| Common Stock Shares Outstanding | 9.8 M | |
| Quarterly Earnings Growth Y O Y | 0.378 | |
| Retained Earnings | 4.4 B |
Other Information on Investing in CIT Preferred Stock
CIT Group financial ratios help investors to determine whether CIT Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CIT with respect to the benefits of owning CIT Group security.