Thomson Reuters
Market Cap
CA$52.6b
Last Updated
2020/10/29 00:19 UTC
Data Sources
Company Financials +
Executive Summary
Thomson Reuters Corporation provides news and business information services to professionals in the United States, Other Americas, Europe, the Middle East, Africa, and the Asia- Pacific. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 0.8% per year for the next 3 years
Snowflake Analysis
Proven track record with adequate balance sheet and pays a dividend.
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
-3.5%
TRI
-3.5%
CA Professional Services
-4.5%
CA Market
1 Year Return
17.5%
TRI
17.5%
CA Professional Services
-8.8%
CA Market
Return vs Industry: TRI matched the Canadian Professional Services industry which returned 17.5% over the past year.
Return vs Market: TRI exceeded the Canadian Market which returned -8.8% over the past year.
Shareholder returns
| TRI | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.5% | -3.5% | -4.5% |
| 30 Day | -2.9% | -3.1% | -3.8% |
| 90 Day | 11.3% | 8.5% | -3.3% |
| 1 Year | 19.9%17.5% | 19.8%17.5% | -5.5%-8.8% |
| 3 Year | 97.3%65.8% | 82.5%56.8% | 0.5%-9.2% |
| 5 Year | 124.2%76.5% | 112.3%71.1% | 28.7%8.9% |
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
2 weeks ago | Simply Wall St
Should You Be Adding Thomson Reuters (TSE:TRI) To Your Watchlist Today?1 month ago | Simply Wall St
Thomson Reuters (TSE:TRI) Has Gifted Shareholders With A Fantastic 124% Total Return On Their Investment1 month ago | Simply Wall St
Is Thomson Reuters Corporation (TSE:TRI) The Right Choice For A Smart Dividend Investor?Valuation
Is Thomson Reuters undervalued compared to its fair value and its price relative to the market?
24.8x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TRI (CA$103.98) is trading above our estimate of fair value (CA$72.23)
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 (24.8x) compared to the CA Professional Services industry average (24.2x).
PE vs Market: TRI is poor value based on its PE Ratio (24.8x) compared to the Canadian market (15.4x).
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 overvalued based on its PB Ratio (4.2x) compared to the CA Professional Services industry average (3.7x).
Next Steps
Future Growth
How is Thomson Reuters forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
-0.8%
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 (-0.8% per year).
Earnings vs Market: TRI's earnings are forecast to decline over the next 3 years (-0.8% per year).
High Growth Earnings: TRI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TRI's revenue (4% per year) is forecast to grow slower than the Canadian market (5.8% per year).
High Growth Revenue: TRI's revenue (4% 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 (10.7%).
Next Steps
Past Performance
How has Thomson Reuters performed over the past 5 years?
-13.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRI has high quality earnings.
Growing Profit Margin: TRI's current net profit margins (26.5%) are higher than last year (2.4%).
Past Earnings Growth Analysis
Earnings Trend: TRI's earnings have declined by 13.4% per year over the past 5 years.
Accelerating Growth: TRI's earnings growth over the past year (1044.7%) exceeds its 5-year average (-13.4% per year).
Earnings vs Industry: TRI earnings growth over the past year (1044.7%) exceeded the Professional Services industry 5.2%.
Return on Equity
High ROE: TRI's Return on Equity (16.9%) is considered low.
Next Steps
Financial Health
How is Thomson Reuters's financial position?
Financial Position Analysis
Short Term Liabilities: TRI's short term assets ($3.0B) exceed its short term liabilities ($2.2B).
Long Term Liabilities: TRI's short term assets ($3.0B) do not cover its long term liabilities ($5.4B).
Debt to Equity History and Analysis
Debt Level: TRI's debt to equity ratio (41%) is considered high.
Reducing Debt: TRI's debt to equity ratio has reduced from 63% to 41% over the past 5 years.
Debt Coverage: TRI's debt is well covered by operating cash flow (31.9%).
Interest Coverage: TRI's interest payments on its debt are well covered by EBIT (7.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Thomson Reuters's current dividend yield, its reliability and sustainability?
1.94%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRI's dividend (1.95%) is higher than the bottom 25% of dividend payers in the Canadian market (1.72%).
High Dividend: TRI's dividend (1.95%) is low compared to the top 25% of dividend payers in the Canadian market (6.1%).
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 reasonably low payout ratio (47%), TRI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRI's dividends in 3 years are forecast to be covered by earnings (83.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.8yrs
Average management tenure
CEO
Steve Hasker (50 yo)
0.58
Tenure
Mr. Stephen John Hasker, also known as Steve, serves as President, Chief Executive Officer and Director at Thomson Reuters Corporation since March 15, 2020. He served as Lead Independent Director at Global ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vie Chairman & President of Enterprise Centre | 0.58yr | US$4.73m | 0.029% $ 15.2m | |
| Executive VP & COO of Customer Markets | 9.58yrs | US$3.11m | 0.0034% $ 1.8m | |
| President of Reuters News | 1.83yrs | US$3.24m | 0.0028% $ 1.5m | |
| President | 0.58yr | no data | no data | |
| Chief Financial Officer | 0.58yr | no data | 0.0011% $ 578.3k | |
| Chief Operations & Technology Officer | 0.25yr | no data | no data | |
| Chief Accounting Officer | no data | no data | 0.0047% $ 2.5m | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Legal Officer & Company Secretary | 1yr | no data | 0.00067% $ 352.3k | |
| Chief Communications Officer | no data | no data | no data | |
| Vice President of Corporate Development | 5.75yrs | no data | no data | |
| Senior Director of Marketing | no data | no data | no data |
0.8yrs
Average Tenure
53yo
Average Age
Experienced Management: TRI's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.58yr | no data | no data | |
| Corporate Director | 5.08yrs | US$250.00k | 0.0073% $ 3.8m | |
| Chairman of the Board | 18.42yrs | US$600.00k | 0.010% $ 5.3m | |
| Lead Independent Director | no data | US$350.00k | 0.010% $ 5.3m | |
| Director | 25.75yrs | US$200.00k | no data | |
| Independent Corporate Director | 9.25yrs | US$200.00k | no data | |
| Independent Director | 5.08yrs | US$250.00k | no data | |
| Deputy Chairman of the Board | 6.42yrs | US$350.00k | 0.053% $ 27.7m | |
| Independent Director | 0.75yr | no data | no data | |
| Independent Corporate Director | 6.42yrs | US$250.00k | 0.00059% $ 310.2k | |
| Independent Director | 0.92yr | US$30.14k | no data | |
| Independent Director | 0.58yr | no data | no data |
5.1yrs
Average Tenure
62.5yo
Average Age
Experienced Board: TRI's board of directors are considered experienced (5.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TRI insiders have only sold shares 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: 1799
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Market Cap: CA$52.575b
- Shares outstanding: 496.56m
- Website: https://www.thomsonreuters.com
Number of Employees
Location
- Thomson Reuters Corporation
- 333 Bay Street
- Suite 300
- 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 business information services to professionals in the United States, Other Americas, Europe, the Middle East, Africa, and the Asia- Pacific. It operates throug ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/29 00:19 |
| End of Day Share Price | 2020/10/28 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.