CIT CIT Group Inc.

Price (delayed)

$33.49

Market cap

$3.3B

P/E Ratio

N/A

Dividend/share

$1.4

EPS

-$5.27

Enterprise value

$10.58B

Sector: Financial Services
Industry: Banks - Regional
CIT Group, Inc. is a financial holding company, which provides financing, leasing and advisory services. It operates through the following business segments: Commercial Banking, Consumer Banking and Corporate. The Commercial Banking segment consists of four divisions, commercial finance, rail, and real estate finance and business capital. It provides a range of lending, leasing and deposit products, as well as ancillary products and services, including factoring, cash management and advisory services, primarily to small and medium- sized companies, as well as to the rail industry. The Consumer Banking segment includes retail Banking, consumer lending, and SBA lending, which are grouped together for purposes of discussion as other consumer banking and legacy consumer mortgages. The Corporate segment consists of businesses and portfolios that they no longer consider strategic. These portfolios include equipment financing, secured lending and leasing and advisory services to small and middle-market businesses. The company was founded by Henry Ittelson in 1908 and is headquartered in New York, NY.

Highlights

The company's debt rose by 13% YoY but it fell by 4.1% QoQ
The gross profit has declined by 30% year-on-year
The revenue has declined by 30% year-on-year

Key stats

What are the main financial stats of CIT
Market
Shares outstanding
98.53M
Market cap
$3.3B
Enterprise value
$10.58B
Valuations
Price to earnings (P/E)
N/A
Price to book (P/B)
0.57
Price to sales (P/S)
2.15
EV/EBIT
N/A
EV/EBITDA
N/A
EV/Sales
6.89
Earnings
Revenue
$1.54B
EBIT
-$560M
EBITDA
-$241.7M
Free cash flow
-$501.7M
Per share
EPS
-$5.27
Free cash flow per share
-$5.09
Book value per share
$58.55
Revenue per share
$15.59
TBVPS
$616.35
Balance sheet
Total assets
$60.87B
Total liabilities
$55.1B
Debt
$7.28B
Equity
$5.76B
Working capital
N/A
Liquidity
Debt to equity
1.26
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-30.14
Margins
EBITDA margin
-15.7%
Gross margin
100%
Net margin
-32.1%
Operating margin
-37.4%
Efficiency
Return on assets
-0.9%
Return on equity
-8.8%
Return on invested capital
-0.9%
Return on capital employed
N/A
Return on sales
-36.5%
Dividend
Dividend yield
4.18%
DPS
$1.4
Payout ratio
N/A

CIT stock price

How has the Cit Group stock price performed over time
Intraday
-2.81%
1 week
-3.49%
1 month
13.72%
1 year
-26.43%
YTD
-26.61%
QTD
89.1%

Financial performance

How have Cit Group's revenue and profit performed over time
Revenue
$1.54B
Gross profit
$1.54B
Operating income
-$574.7M
Net income
-$493.3M
Gross margin
100%
Net margin
-32.1%
The company's operating income has shrunk by 200% YoY
The gross profit has declined by 30% year-on-year
The revenue has declined by 30% year-on-year
The company's net margin fell by 13% QoQ

Growth

What is Cit Group's growth rate over time

Valuation

What is Cit Group stock price valuation
P/E
N/A
P/B
0.57
P/S
2.15
EV/EBIT
N/A
EV/EBITDA
N/A
EV/Sales
6.89
The EPS has declined by 15% since the previous quarter
The P/B is 43% above the last 4 quarters average of 0.4 but 19% below the 5-year quarterly average of 0.7
Cit Group's equity has decreased by 4.5% YoY
The price to sales (P/S) is 54% higher than the last 4 quarters average of 1.4 but 23% lower than the 5-year quarterly average of 2.8
The revenue has declined by 30% year-on-year

Efficiency

How efficient is Cit Group business performance
The ROA has plunged by 200% YoY and by 13% from the previous quarter
The company's return on invested capital has shrunk by 190% YoY
CIT's return on equity is down by 14% since the previous quarter

Dividends

What is CIT's dividend history
DPS
$1.4
Dividend yield
4.18%
Payout ratio
N/A
Recent dividends

Financial health

How did Cit Group financials performed over time
The total assets is 10% more than the total liabilities
The company's debt is 26% higher than its equity
The company's debt to equity rose by 19% YoY but it fell by 4.5% QoQ
The company's debt rose by 13% YoY but it fell by 4.1% QoQ

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.