Thomson Reuters
Market Cap
CA$46.9b
Last Updated
2019/12/10 23:46 UTC
Data Sources
Company Financials +
Executive Summary
Thomson Reuters Corporation provides news and information-based tools to professionals worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with moderate growth potential.
Similar Companies
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.7%
TRI
1.9%
CA Professional Services
0.4%
CA Market
1 Year Return
39.9%
TRI
37.4%
CA Professional Services
11.0%
CA Market
Return vs Industry: TRI exceeded the Canadian Professional Services industry which returned 37.4% over the past year.
Return vs Market: TRI exceeded the Canadian Market which returned 11% over the past year.
Shareholder returns
| TRI | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.7% | 1.9% | 0.4% |
| 30 Day | 5.7% | 5.7% | 0.01% |
| 90 Day | 6.8% | 7.6% | 0.9% |
| 1 Year | 43.1%39.9% | 40.5%37.4% | 14.7%11.0% |
| 3 Year | 56.3%43.4% | 52.2%40.3% | 15.1%4.6% |
| 5 Year | 116.6%85.8% | 108.7%80.5% | 37.8%17.4% |
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
6 days ago | Simply Wall St
The Thomson Reuters (TSE:TRI) Share Price Is Up 87% And Shareholders Are Holding On1 month ago | Simply Wall St
Thomson Reuters Corporation Just Released Its Third-Quarter And Analysts Have Been Updating Their Estimates2 months ago | Simply Wall St
Should You Be Pleased About The CEO Pay At Thomson Reuters Corporation's (TSE:TRI)Valuation
Is Thomson Reuters undervalued compared to its fair value and its price relative to the market?
251.36x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TRI (CA$94.06) is trading above our estimate of fair value (CA$73.81)
Significantly Below Fair Value: TRI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TRI is poor value based on its PE Ratio (251.4x) compared to the Professional Services industry average (78.5x).
PE vs Market: TRI is poor value based on its PE Ratio (251.4x) compared to the Canadian market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: TRI is poor value based on its PEG Ratio (9.8x)
Price to Book Ratio
PB vs Industry: TRI is overvalued based on its PB Ratio (4.1x) compared to the CA Professional Services industry average (3x).
Next Steps
Future Growth
How is Thomson Reuters forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
25.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRI's forecast earnings growth (25.6% per year) is above the savings rate (1.4%).
Earnings vs Market: TRI's earnings (25.6% per year) are forecast to grow faster than the Canadian market (9.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TRI's revenue (4.6% per year) is forecast to grow slower than the Canadian market (4.9% per year).
High Growth Revenue: TRI's revenue (4.6% 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 (12.7%).
Next Steps
Past Performance
How has Thomson Reuters performed over the past 5 years?
-36.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRI has a large one-off gain of $255.0M impacting its September 30 2019 financial results.
Growing Profit Margin: TRI's current net profit margins (2.7%) are lower than last year (8.6%).
Past Earnings Growth Analysis
Earnings Trend: TRI's earnings have declined by -36.4% per year over the past 5 years.
Accelerating Growth: TRI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TRI had negative earnings growth (-65.6%) over the past year, making it difficult to compare to the Professional Services industry average (-9.3%).
Return on Equity
High ROE: TRI's Return on Equity (1.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Thomson Reuters's financial position?
Financial Position Analysis
Short Term Liabilities: TRI's short term assets ($2.9B) exceed its short term liabilities ($2.0B).
Long Term Liabilities: TRI's short term assets ($2.9B) do not cover its long term liabilities ($5.4B).
Debt to Equity History and Analysis
Debt Level: TRI's debt to equity ratio (38.4%) is considered satisfactory.
Reducing Debt: TRI's debt to equity ratio has reduced from 58.1% to 38.4% over the past 5 years.
Debt Coverage: TRI's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: TRI's interest payments on its debt are well covered by EBIT (4.9x coverage).
Balance Sheet
Inventory Level: TRI has a low level of unsold assets or inventory.
Debt Coverage by Assets: TRI's debt is not covered by short term assets (assets are 0.9x debt).
Next Steps
Dividend
What is Thomson Reuters's current dividend yield, its reliability and sustainability?
2.03%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TRI's dividend (2.03%) is higher than the bottom 25% of dividend payers in the Canadian market (2.01%).
High Dividend: TRI's dividend (2.03%) is low compared to the top 25% of dividend payers in the Canadian market (5.57%).
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 high payout ratio (505.5%), TRI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRI's dividends in 3 years are forecast to be covered by earnings (82.5% payout ratio).
Next Steps
Management
What is the CEO of Thomson Reuters's salary, the management and board of directors tenure and is there insider trading?
6.4yrs
Average management tenure
CEO
Jim Smith (59yo)
7.9yrs
Tenure
US$14,485,109
Compensation
Mr. James C. Smith, also known as Jim, has been the Chief Executive Officer and President of Thomson Corporation (Now Thomson Reuters Corporation) since January 2012. Mr. Smith served as chief operating of ...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD14.49M) is above average for companies of similar size in the Canadian market ($USD6.86M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.4yrs
Average Tenure
58.5yo
Average Age
Experienced Management: TRI's management team is seasoned and experienced (6.4 years average tenure).
Board Age and Tenure
6.3yrs
Average Tenure
64.5yo
Average Age
Experienced Board: TRI's board of directors are considered experienced (6.3 years average tenure).
Insider Trading
Insider Buying: TRI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 468,340 |
| Max Price | US$91.65 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 114,317 |
| Max Price | US$88.15 |
| Entity | Company |
| Shares | 500,000 |
| Max Price | US$88.83 |
| Entity | Individual |
| Shares | 3,548 |
| Max Price | US$87.89 |
| Entity | Individual |
| Role | Chief Technology Officer Chief Technology Officer |
| Shares | 5,212.24 |
| Max Price | US$74.98 |
| Entity | Individual |
| Shares | 2,145 |
| Max Price | US$76.85 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & COO of Customer Markets |
| Shares | 19,579 |
| Max Price | US$75.61 |
| Entity | Individual |
| Shares | 380 |
| Max Price | US$75.05 |
| Entity | Individual |
| Role | Chief Accounting Officer Chief Accounting Officer |
| Shares | 11,832 |
| Max Price | US$75.49 |
| Entity | Individual |
| Shares | 4,567 |
| Max Price | US$75.17 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP and COO of Operations & Enablement |
| Shares | 31,854 |
| Max Price | US$74.37 |
| Entity | Individual |
| Shares | 20,894 |
| Max Price | US$49.21 |
| Entity | Individual |
| Shares | 37,654 |
| Max Price | US$73.15 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & COO of Customer Markets |
| Shares | 29,419 |
| Max Price | US$70.93 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Jim Smith (59yo)
President
- Tenure: 7.9yrs
- Compensation: US$14.49m
Stephane Bello (59yo)
Executive VP & CFO
- Tenure: 7.9yrs
- Compensation: US$4.90m
Linda Walker
Chief Accounting Officer
- Tenure: 0yrs
Frank Golden (61yo)
Senior Vice President of Investor Relations
- Tenure: 0yrs
Andrew Perrin
Vice President of Corporate Development
- Tenure: 4.9yrs
Mike Friedenberg (52yo)
President of Reuters News
- Tenure: 1yrs
- Compensation: US$5.66m
Brian Peccarelli (58yo)
Executive VP & COO of Customer Markets
- Tenure: 8.8yrs
- Compensation: US$7.09m
Neil Masterson (50yo)
Executive VP and COO of Operations & Enablement
- Tenure: 0yrs
- Compensation: US$7.03m
Stewart Beaumont
Chief Technology Officer
- Tenure: 0yrs
Thomas Kim
General Counsel & Company Secretary
- Tenure: 0.2yrs
Board Members
Ed Clark (71yo)
Corporate Director
- Tenure: 4.3yrs
- Compensation: US$250.00k
David Kenneth Thomson (62yo)
Chairman of the Board
- Tenure: 17.6yrs
- Compensation: US$600.00k
Vance Opperman (76yo)
Lead Independent Director
- Tenure: 6.9yrs
- Compensation: US$350.00k
Peter Thomson (54yo)
Director
- Tenure: 24.9yrs
- Compensation: US$200.00k
Jim Smith (59yo)
President
- Tenure: 7.9yrs
- Compensation: US$14.49m
Wulf von Schimmelmann (72yo)
Corporate Director
- Tenure: 8.4yrs
- Compensation: US$200.00k
Barry Salzberg (65yo)
Corporate Director
- Tenure: 4.3yrs
- Compensation: US$250.00k
David Binet (61yo)
Deputy Chairman of the Board
- Tenure: 5.6yrs
- Compensation: US$350.00k
Sheila Bair (65yo)
Corporate Director
- Tenure: 5.6yrs
- Compensation: US$228.49k
Mike Daniels (64yo)
Corporate Director
- Tenure: 5.6yrs
- Compensation: US$228.49k
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: 1799
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Market Cap: CA$46.883b
- Shares outstanding: 499.87m
- Website: https://www.thomsonreuters.com
Number of Employees
Location
- Thomson Reuters Corporation
- 333 Bay Street
- Suite 400
- Toronto
- Ontario
- M5H 2R2
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TRI | NYSE (New York Stock Exchange) | Yes | Corporation Common Shares | US | USD | Jun 1989 |
| TRI | TSX (The Toronto Stock Exchange) | Yes | Corporation Common Shares | CA | CAD | Jun 1989 |
| TOCB | DB (Deutsche Boerse AG) | Yes | Corporation Common Shares | DE | EUR | Jun 1989 |
| 0Q89 | LSE (London Stock Exchange) | Yes | Corporation Common Shares | GB | CAD | Jun 1989 |
| TOCB | BST (Boerse-Stuttgart) | Yes | Corporation Common Shares | DE | EUR | Jun 1989 |
| TOCB | DUSE (Dusseldorf Stock Exchange) | Yes | Corporation Common Shares | DE | EUR | Jun 1989 |
Biography
Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax Professionals, Reuters News, and Gl ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/10 23:46 |
| End of Day Share Price | 2019/12/10 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.