| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
TRI Overview
Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Share Price & News
How has Thomson Reuters's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRI is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: TRI's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
-0.7%
TRI
-0.4%
CA Professional Services
-0.6%
CA Market
1 Year Return
46.1%
TRI
46.2%
CA Professional Services
28.9%
CA Market
Return vs Industry: TRI matched the Canadian Professional Services industry which returned 46.2% over the past year.
Return vs Market: TRI exceeded the Canadian Market which returned 29% over the past year.
Shareholder returns
| TRI | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | -0.4% | -0.6% |
| 30 Day | 3.2% | 3.2% | 2.0% |
| 90 Day | 23.8% | 22.7% | 2.2% |
| 1 Year | 48.6%46.1% | 48.7%46.2% | 32.8%28.9% |
| 3 Year | 170.5%131.1% | 156.2%122.4% | 32.4%19.9% |
| 5 Year | 210.8%148.8% | 195.6%141.6% | 52.2%29.7% |
Long-Term Price Volatility Vs. Market
How volatile is Thomson Reuters's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Shareholders Of Thomson Reuters (TSE:TRI) Must Be Happy With Their 159% Total Return2 months ago | Simply Wall St
Estimating The Intrinsic Value Of Thomson Reuters Corporation (TSE:TRI)2 months ago | Simply Wall St
These 4 Measures Indicate That Thomson Reuters (TSE:TRI) Is Using Debt SafelyThomson Reuters Fundamentals Summary
| TRI fundamental statistics | |
|---|---|
| Market Cap | US$58.08b |
| Earnings (TTM) | US$6.93b |
| Revenue (TTM) | US$6.17b |
8.4x
P/E Ratio9.4x
P/S RatioIs TRI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TRI income statement (TTM) | |
|---|---|
| Revenue | US$6.17b |
| Cost of Revenue | US$4.01b |
| Gross Profit | US$2.16b |
| Expenses | -US$4.77b |
| Earnings | US$6.93b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 13.95 |
| Gross Margin | 35.05% |
| Net Profit Margin | 112.30% |
| Debt/Equity Ratio | 24.1% |
How did TRI perform over the long term?
See historical performance and comparisonDividends
1.4%
Current Dividend Yield11%
Payout RatioValuation
Is Thomson Reuters undervalued compared to its fair value and its price relative to the market?
8.38x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TRI (CA$149.32) is trading above our estimate of fair value (CA$130.09)
Significantly Below Fair Value: TRI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TRI is good value based on its PE Ratio (8.4x) compared to the Canadian Professional Services industry average (18.5x).
PE vs Market: TRI is good value based on its PE Ratio (8.4x) compared to the Canadian market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: TRI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: TRI is good value based on its PB Ratio (3.7x) compared to the CA Professional Services industry average (4.4x).
Future Growth
How is Thomson Reuters forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
-46.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRI's earnings are forecast to decline over the next 3 years (-46.4% per year).
Earnings vs Market: TRI's earnings are forecast to decline over the next 3 years (-46.4% per year).
High Growth Earnings: TRI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TRI's revenue (4.5% per year) is forecast to grow slower than the Canadian market (6.1% per year).
High Growth Revenue: TRI's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TRI's Return on Equity is forecast to be low in 3 years time (9.2%).
Past Performance
How has Thomson Reuters performed over the past 5 years?
46.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRI has a high level of non-cash earnings.
Growing Profit Margin: TRI's current net profit margins are higher than last year (26.5%).
Past Earnings Growth Analysis
Earnings Trend: TRI's earnings have grown significantly by 46.4% per year over the past 5 years.
Accelerating Growth: TRI's earnings growth over the past year (341.7%) exceeds its 5-year average (46.4% per year).
Earnings vs Industry: TRI earnings growth over the past year (341.7%) exceeded the Professional Services industry 4.8%.
Return on Equity
High ROE: TRI's Return on Equity (43.9%) is considered outstanding.
Financial Health
How is Thomson Reuters's financial position?
Financial Position Analysis
Short Term Liabilities: TRI's short term assets ($3.9B) exceed its short term liabilities ($2.8B).
Long Term Liabilities: TRI's short term assets ($3.9B) do not cover its long term liabilities ($6.0B).
Debt to Equity History and Analysis
Debt Level: TRI's debt to equity ratio (24.1%) is considered satisfactory.
Reducing Debt: TRI's debt to equity ratio has reduced from 73.8% to 24.1% over the past 5 years.
Debt Coverage: TRI's debt is well covered by operating cash flow (52.3%).
Interest Coverage: TRI's interest payments on its debt are well covered by EBIT (15.4x coverage).
Balance Sheet
Dividend
What is Thomson Reuters's current dividend yield, its reliability and sustainability?
1.38%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRI's dividend (1.38%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.64%).
High Dividend: TRI's dividend (1.38%) is low compared to the top 25% of dividend payers in the Canadian market (4.51%).
Stability and Growth of Payments
Stable Dividend: TRI's dividend payments have been volatile in the past 10 years.
Growing Dividend: TRI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (11.3%), TRI's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRI's dividends in 3 years are forecast to be covered by earnings (56.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.7yrs
Average management tenure
CEO
Steve Hasker (51 yo)
1.5yrs
Tenure
US$11,322,410
Compensation
Mr. Stephen John Hasker, BCom, MBA, MIA, ACAA also known as Steve, serves as President, Chief Executive Officer and Director at Thomson Reuters Corporation since March 15, 2020. He served as Lead Independe...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD11.32M) is above average for companies of similar size in the Canadian market ($USD5.88M).
Compensation vs Earnings: Insufficient data to compare Steve's compensation with company performance.
Leadership Team
Experienced Management: TRI's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
Experienced Board: TRI's board of directors are considered experienced (6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TRI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Thomson Reuters Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Thomson Reuters Corporation
- Ticker: TRI
- Exchange: TSX
- Founded: 1851
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Market Cap: CA$74.040b
- Shares outstanding: 495.85m
- Website: https://www.thomsonreuters.com
Number of Employees
Location
- Thomson Reuters Corporation
- 333 Bay Street
- Suite 300
- Toronto
- Ontario
- M5H 2R2
- Canada
Listings
Biography
Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/18 22:04 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.