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.
Average dividend payer with mediocre balance sheet.
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.
7 Day Return
CA Professional Services
1 Year Return
CA Professional Services
Return vs Industry: TRI matched the Canadian Professional Services industry which returned 7.8% over the past year.
Return vs Market: TRI exceeded the Canadian Market which returned -10.1% over the past year.
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 StWe Think Thomson Reuters (TSE:TRI) Can Stay On Top Of Its Debt
4 weeks ago | Simply Wall StThomson Reuters Corporation Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models
4 weeks ago | Simply Wall StShould You Be Worried About Insider Transactions At Thomson Reuters Corporation (TSE:TRI)?
Is Thomson Reuters undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TRI (CA$95.43) is trading above our estimate of fair value (CA$73.3)
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 (21.6x) compared to the Professional Services industry average (23.4x).
PE vs Market: TRI is poor value based on its PE Ratio (21.6x) compared to the Canadian market (13.2x).
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 (3.8x) compared to the CA Professional Services industry average (2.6x).
How is Thomson Reuters forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
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 (-5.7% per year).
Earnings vs Market: TRI's earnings are forecast to decline over the next 3 years (-5.7% per year).
High Growth Earnings: TRI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TRI's revenue (3.9% per year) is forecast to grow slower than the Canadian market (5.5% per year).
High Growth Revenue: TRI's revenue (3.9% 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 (10.9%).
How has Thomson Reuters performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRI has a large one-off gain of $192.0M impacting its March 31 2020 financial results.
Growing Profit Margin: TRI's current net profit margins (27.7%) are higher than last year (0.7%).
Past Earnings Growth Analysis
Earnings Trend: TRI's earnings have declined by -23.5% per year over the past 5 years.
Accelerating Growth: TRI's earnings growth over the past year (3821.5%) exceeds its 5-year average (-23.5% per year).
Earnings vs Industry: TRI earnings growth over the past year (3821.5%) exceeded the Professional Services industry 31.1%.
Return on Equity
High ROE: TRI's Return on Equity (17.8%) is considered low.
How is Thomson Reuters's financial position?
Financial Position Analysis
Short Term Liabilities: TRI's short term assets ($2.9B) do not cover its short term liabilities ($3.2B).
Long Term Liabilities: TRI's short term assets ($2.9B) do not cover its long term liabilities ($4.5B).
Debt to Equity History and Analysis
Debt Level: TRI's debt to equity ratio (41.1%) is considered high.
Reducing Debt: TRI's debt to equity ratio has reduced from 62.7% to 41.1% over the past 5 years.
Debt Coverage: TRI's debt is well covered by operating cash flow (23.9%).
Interest Coverage: TRI's interest payments on its debt are well covered by EBIT (7.7x coverage).
What is Thomson Reuters's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRI's dividend (2.14%) is higher than the bottom 25% of dividend payers in the Canadian market (1.94%).
High Dividend: TRI's dividend (2.14%) is low compared to the top 25% of dividend payers in the Canadian market (6.08%).
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 (44.4%), 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 (79.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Hasker (49yo)
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 ...
|Executive VP and Co-COO||2yrs||US$3.10m||0.0021% $1.0m|
|Vie Chairman & President of Enterprise Centre||0.25yr||US$4.73m||0.029% $13.7m|
|Executive VP & COO of Customer Markets||9.33yrs||US$3.11m||0.0069% $3.3m|
|President of Reuters News||1.5yrs||US$3.24m||0.0028% $1.3m|
|President||0.25yr||no data||no data|
|Chief Financial Officer||0.25yr||no data||0.0011% $520.4k|
|Chief Accounting Officer||no data||no data||0.0047% $2.2m|
|Chief Technology Officer||no data||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|Chief Legal Officer & Company Secretary||0.67yr||no data||0.00067% $317.0k|
Experienced Management: TRI's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
|President||0.25yr||no data||no data|
|Corporate Director||4.75yrs||US$250.00k||0.0073% $3.5m|
|Chairman of the Board||18.08yrs||US$600.00k||0.010% $4.8m|
|Lead Independent Director||no data||US$350.00k||0.010% $4.8m|
|Independent Corporate Director||8.92yrs||US$200.00k||no data|
|Independent Director||4.75yrs||US$250.00k||no data|
|Deputy Chairman of the Board||6.08yrs||US$350.00k||0.053% $24.9m|
|Independent Director||0.42yr||no data||no data|
|Independent Corporate Director||6.08yrs||US$250.00k||0.00059% $279.1k|
Experienced Board: TRI's board of directors are considered experienced (6.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Thomson Reuters Corporation's company bio, employee growth, exchange listings and data sources
- Name: Thomson Reuters Corporation
- Ticker: TRI
- Exchange: TSX
- Founded: 1799
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Market Cap: CA$47.311b
- Shares outstanding: 495.76m
- Website: https://www.thomsonreuters.com
Number of Employees
- Thomson Reuters Corporation
- 333 Bay Street
- Suite 300
- M5H 2R2
|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|
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 through five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments. The Corporates segment provides a suite of services across legal, tax, regulatory, and compliance functions to corporate customers, including accounting firms. The Tax & Accounting Professionals segment offers research and workflow products focusing on tax offerings and automating tax workflows to tax, accounting, and audit professionals in accounting firms. The Reuters News segment provides business, financial, national, and international news to professionals through desktop terminals, media organizations, and industry events, as well as directly to consumers. The Global Print segment offers legal and tax information primarily in print format to legal and tax professionals, governments, law schools, and corporations. The company was formerly known as The Thomson Corporation and changed its name to Thomson Reuters Corporation in April 2008. Thomson Reuters Corporation was founded in 1799 and is headquartered in Toronto, Canada. Thomson Reuters Corporation is a subsidiary of The Woodbridge Company Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/06 02:46|
|End of Day Share Price||2020/06/05 00:00|
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.