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TRI

Thomson ReutersNYSE:TRI Stock Report

Last Price

CA$109.61

Market Cap

CA$53.4b

7D

-2.7%

1Y

36.2%

Updated

16 Jan, 2022

Data

Company Financials +
TRI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends4/6

TRI Stock Overview

Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Thomson Reuters Competitors

IHS Markit

NYSE:INFO

US$48.6b

Verisk Analytics

NasdaqGS:VRSK

US$31.9b

TransUnion

NYSE:TRU

US$20.8b

Nielsen Holdings

NYSE:NLSN

US$7.4b

Price History & Performance

Summary of all time highs, changes and price drops for Thomson Reuters
Historical stock prices
Current Share PriceCA$109.61
52 Week HighCA$123.60
52 Week LowCA$79.84
Beta0.30
1 Month Change-4.55%
3 Month Change-6.59%
1 Year Change36.18%
3 Year Change115.39%
5 Year Change121.05%
Change since IPO222.05%

Recent News & Updates

Nov 26

Thomson Reuters: Venture Capital Fund And Cloud Migration In The Limelight

Thomson Reuters has set up a new venture capital fund, which will give it more M&A opportunities in the long-term, and might also signify a shift in capital allocation priorities. TRI has already migrated 35% of its revenues to the cloud, which brings it closer to its 2023 target of 90% as part of the Change Program. Thomson Reuters is valued by the market at consensus forward next twelve months' EV/EBITDA and normalized P/E multiples of 29.2 times and 55.1 times, respectively.

Shareholder Returns

TRIUS Professional ServicesUS Market
7D-2.7%-1.9%-0.5%
1Y36.2%8.3%13.7%

Return vs Industry: TRI exceeded the US Professional Services industry which returned 8.3% over the past year.

Return vs Market: TRI exceeded the US Market which returned 13.7% over the past year.

Price Volatility

Is TRI's price volatile compared to industry and market?
TRI volatility
TRI Average Weekly Movement2.6%
Professional Services Industry Average Movement6.2%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: TRI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: TRI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
185124,000Steve Haskerhttps://www.thomsonreuters.com

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 & 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.

Thomson Reuters Fundamentals Summary

How do Thomson Reuters's earnings and revenue compare to its market cap?
TRI fundamental statistics
Market CapUS$53.45b
Earnings (TTM)US$6.45b
Revenue (TTM)US$6.25b

8.3x

P/E Ratio

8.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRI income statement (TTM)
RevenueUS$6.25b
Cost of RevenueUS$4.06b
Gross ProfitUS$2.19b
Expenses-US$4.26b
EarningsUS$6.45b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 08, 2022

Earnings per share (EPS)13.24
Gross Margin35.02%
Net Profit Margin103.12%
Debt/Equity Ratio26.7%

How did TRI perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

12%

Payout Ratio

Valuation

Is Thomson Reuters undervalued compared to its fair value and its price relative to the market?

5.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TRI ($109.61) is trading below our estimate of fair value ($116.16)

Significantly Below Fair Value: TRI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TRI is good value based on its PE Ratio (8.3x) compared to the US Professional Services industry average (25.1x).

PE vs Market: TRI is good value based on its PE Ratio (8.3x) compared to the US market (17.4x).


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 (3.8x) compared to the US Professional Services industry average (2.9x).


Future Growth

How is Thomson Reuters forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

-45.7%

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 (-45.7% per year).

Earnings vs Market: TRI's earnings are forecast to decline over the next 3 years (-45.7% per year).

High Growth Earnings: TRI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TRI's revenue (4.6% per year) is forecast to grow slower than the US market (9.3% 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 (10.9%).


Past Performance

How has Thomson Reuters performed over the past 5 years?

54.4%

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 (31.6%).


Past Earnings Growth Analysis

Earnings Trend: TRI's earnings have grown significantly by 54.4% per year over the past 5 years.

Accelerating Growth: TRI's earnings growth over the past year (243%) exceeds its 5-year average (54.4% per year).

Earnings vs Industry: TRI earnings growth over the past year (243%) exceeded the Professional Services industry 33.6%.


Return on Equity

High ROE: TRI's Return on Equity (45.5%) is considered outstanding.


Financial Health

How is Thomson Reuters's financial position?


Financial Position Analysis

Short Term Liabilities: TRI's short term assets ($3.0B) do not cover its short term liabilities ($3.1B).

Long Term Liabilities: TRI's short term assets ($3.0B) do not cover its long term liabilities ($5.8B).


Debt to Equity History and Analysis

Debt Level: TRI's net debt to equity ratio (15.4%) is considered satisfactory.

Reducing Debt: TRI's debt to equity ratio has reduced from 79.8% to 26.7% over the past 5 years.

Debt Coverage: TRI's debt is well covered by operating cash flow (51.3%).

Interest Coverage: TRI's interest payments on its debt are well covered by EBIT (16.3x coverage).


Balance Sheet


Dividend

What is Thomson Reuters's current dividend yield, its reliability and sustainability?

1.48%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TRI's dividend (1.48%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: TRI's dividend (1.48%) is low compared to the top 25% of dividend payers in the US market (3.44%).


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 (12.3%), 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 (57.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Steve Hasker (51 yo)

1.83yrs

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 ($USD11.32M) is about average for companies of similar size in the US market ($USD11.18M).

Compensation vs Earnings: Insufficient data to compare Steve's compensation with company performance.


Leadership Team

Experienced Management: TRI's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: TRI's board of directors are considered experienced (7 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 employee growth, exchange listings and data sources


Key Information

  • Name: Thomson Reuters Corporation
  • Ticker: TRI
  • Exchange: NYSE
  • Founded: 1851
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Implied Market Cap: CA$67.060b
  • Listing Market Cap: CA$53.449b
  • Shares outstanding: 487.14m
  • Website: https://www.thomsonreuters.com

Number of Employees


Location

  • Thomson Reuters Corporation
  • 333 Bay Street
  • Suite 300
  • Toronto
  • Ontario
  • M5H 2R2
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 23:26
End of Day Share Price2022/01/14 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.