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
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$109.61|
|52 Week High||CA$123.60|
|52 Week Low||CA$79.84|
|1 Month Change||-4.55%|
|3 Month Change||-6.59%|
|1 Year Change||36.18%|
|3 Year Change||115.39%|
|5 Year Change||121.05%|
|Change since IPO||222.05%|
Recent News & Updates
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.
|TRI||US Professional Services||US Market|
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.
|TRI Average Weekly Movement||2.6%|
|Professional Services Industry Average Movement||6.2%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.9%|
|10% least volatile stocks in US Market||2.4%|
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
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
|TRI fundamental statistics|
Is TRI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TRI income statement (TTM)|
|Cost of Revenue||US$4.06b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 08, 2022
|Earnings per share (EPS)||13.24|
|Net Profit Margin||103.12%|
How did TRI perform over the long term?See historical performance and comparison
1.5%Current Dividend Yield
Is Thomson Reuters undervalued compared to its fair value and its price relative to the market?
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).
How is Thomson Reuters forecast to perform in the next 1 to 3 years based on estimates from 15 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 (-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%).
How has Thomson Reuters performed over the past 5 years?
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.
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 ($5.8B).
Debt to Equity History and Analysis
Debt Level: TRI's net debt to equity ratio (15.4%) is considered satisfactory.
Reducing Debt: TRI's debt to equity ratio has reduced from 79.8% to 26.7% over the past 5 years.
Debt Coverage: TRI's debt is well covered by operating cash flow (51.3%).
Interest Coverage: TRI's interest payments on its debt are well covered by EBIT (16.3x coverage).
What is Thomson Reuters's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRI's dividend (1.48%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: TRI's dividend (1.48%) is low compared to the top 25% of dividend payers in the US market (3.44%).
Stability and Growth of Payments
Stable Dividend: TRI's dividend payments have been volatile in the past 10 years.
Growing Dividend: TRI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (12.3%), TRI's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRI's dividends in 3 years are forecast to be covered by earnings (57.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Hasker (51 yo)
Mr. Stephen John Hasker, BCom, MBA, MIA, ACAA also known as Steve, serves as President, Chief Executive Officer and Director at Thomson Reuters Corporation since March 15, 2020. He served as Lead Independe...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($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.
Experienced Management: TRI's management team is considered experienced (2 years average tenure).
Experienced Board: TRI's board of directors are considered experienced (7 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Thomson Reuters Corporation's employee growth, exchange listings and data sources
- 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
- Thomson Reuters Corporation
- 333 Bay Street
- Suite 300
- M5H 2R2
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/16 23:26|
|End of Day Share Price||2022/01/14 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.