Delayed
Other stock markets
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5-day change | 1st Jan Change | ||
276.17 CAD | +0.89% |
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+1.37% | +19.65% |
Jul. 01 | FiscalNote Completes $6.5 Million Divestment of TimeBase to Thomson Reuters | MT |
Jun. 30 | Thomson Reuters Corporation completed the acquisition of TimeBase Pty Limited from FiscalNote, Inc. | CI |
Projected Income Statement: Thomson Reuters Corporation
Annual
Quarterly
Annual
Quarterly
Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|---|---|---|---|
Net sales 1 | 5,984 | 6,348 | 6,627 | 6,794 | 7,258 | 7,490 | 8,075 | 8,662 |
Change | - | 6.08% | 4.4% | 2.52% | 6.83% | 3.2% | 7.81% | 7.27% |
EBITDA 1 | 1,975 | 1,970 | 2,329 | 2,678 | 2,779 | 2,922 | 3,211 | 3,510 |
Change | - | -0.25% | 18.22% | 14.98% | 3.77% | 5.15% | 9.9% | 9.29% |
EBIT 1 | 1,306 | 1,319 | 1,704 | 2,050 | 2,048 | 2,159 | 2,440 | 2,738 |
Change | - | 1% | 29.19% | 20.31% | -0.1% | 5.41% | 13.04% | 12.19% |
Interest Paid 1 | -195 | -196 | -196 | -152 | -125 | -145 | -152 | -149.5 |
Earnings before Tax (EBT) 1 | 1,764 | 1,054 | 2,082 | 1,988 | 2,029 | 1,806 | 2,124 | 2,348 |
Change | - | -40.25% | 97.53% | -4.51% | 2.06% | -10.99% | 17.64% | 10.52% |
Net income 1 | 1,122 | 5,689 | 1,402 | 2,695 | 2,210 | 1,515 | 1,740 | 2,002 |
Change | - | 407.04% | -75.36% | 92.23% | -18% | -31.43% | 14.83% | 15.03% |
Announcement Date | 2/23/21 | 2/8/22 | 2/9/23 | 2/8/24 | 2/6/25 | - | - | - |
1USD in Million
Estimates
Forecast Balance Sheet: Thomson Reuters Corporation
Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|---|---|---|---|
Net Debt 1 | 1,985 | 3,008 | 3,692 | 1,979 | 852 | 1,011 | 564 | 70.1 |
Change | - | 51.54% | 22.74% | -46.4% | -56.95% | 18.66% | -44.21% | -87.57% |
Announcement Date | 2/23/21 | 2/8/22 | 2/9/23 | 2/8/24 | 2/6/25 | - | - | - |
1USD in Million
Estimates
Cash Flow Forecast: Thomson Reuters Corporation
Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|---|---|---|---|
CAPEX 1 | 504 | 487 | 595 | 544 | 607 | 602.4 | 655.2 | 705.5 |
Change | - | -3.37% | 22.18% | -8.57% | 11.58% | -0.76% | 8.77% | 7.68% |
Free Cash Flow (FCF) 1 | 1,330 | 1,256 | 1,340 | 1,871 | 1,828 | 1,888 | 2,068 | 1,970 |
Change | - | -5.56% | 6.69% | 39.63% | -2.3% | 3.27% | 9.56% | -4.75% |
Announcement Date | 2/23/21 | 2/8/22 | 2/9/23 | 2/8/24 | 2/6/25 | - | - | - |
1USD in Million
Estimates
Forecast Financial Ratios: Thomson Reuters Corporation
Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
EBITDA Margin (%) | 33% | 31.03% | 35.14% | 39.42% | 38.29% | 39.01% | 39.77% | 40.52% |
EBIT Margin (%) | 21.82% | 20.78% | 25.71% | 30.17% | 28.22% | 28.82% | 30.22% | 31.61% |
EBT Margin (%) | 29.48% | 16.6% | 31.42% | 29.26% | 27.96% | 24.11% | 26.31% | 27.11% |
Net margin (%) | 18.75% | 89.62% | 21.16% | 39.67% | 30.45% | 20.23% | 21.55% | 23.11% |
FCF margin (%) | 22.23% | 19.79% | 20.22% | 27.54% | 25.19% | 25.2% | 25.61% | 22.74% |
FCF / Net Income (%) | 118.54% | 22.08% | 95.58% | 69.42% | 82.71% | 124.58% | 118.86% | 98.42% |
Profitability | ||||||||
ROA | 5.24% | 4.82% | 5.65% | 8.07% | 9.16% | 9.08% | 10.18% | 11.4% |
ROE | 9.43% | 8.1% | 9.61% | 14.2% | 14.75% | 14.39% | 15.47% | 17.03% |
Financial Health | ||||||||
Leverage (Debt/EBITDA) | 1.01x | 1.53x | 1.59x | 0.74x | 0.31x | 0.35x | 0.18x | 0.02x |
Debt / Free cash flow | 1.49x | 2.39x | 2.76x | 1.06x | 0.47x | 0.54x | 0.27x | 0.04x |
Capital Intensity | ||||||||
CAPEX / Current Assets (%) | 8.42% | 7.67% | 8.98% | 8.01% | 8.36% | 8.04% | 8.11% | 8.15% |
CAPEX / EBITDA (%) | 25.52% | 24.72% | 25.55% | 20.31% | 21.84% | 20.61% | 20.4% | 20.1% |
CAPEX / FCF (%) | 37.89% | 38.77% | 44.4% | 29.08% | 33.21% | 31.91% | 31.68% | 35.81% |
Items per share | ||||||||
Cash flow per share 1 | 3.635 | 3.719 | 4.097 | 5.046 | 5.445 | 5.618 | 5.893 | 6.57 |
Change | - | 2.32% | 10.14% | 23.16% | 7.92% | 3.17% | 4.9% | 11.49% |
Dividend per Share 1 | 1.577 | 1.681 | 1.847 | 1.96 | 2.16 | 2.376 | 2.558 | 2.802 |
Change | - | 6.58% | 9.88% | 6.14% | 10.2% | 9.99% | 7.67% | 9.54% |
Book Value Per Share 1 | 20.79 | 29.08 | 25.62 | 24.43 | 26.68 | 27.36 | 26.79 | 27.07 |
Change | - | 39.91% | -11.92% | -4.65% | 9.23% | 2.56% | -2.07% | 1.04% |
EPS 1 | 2.334 | 11.93 | 2.988 | 5.8 | 4.89 | 3.373 | 3.892 | 4.371 |
Change | - | 411.11% | -74.96% | 94.13% | -15.69% | -31.03% | 15.38% | 12.32% |
Nbr of stocks (in thousands) | 479,200 | 469,581 | 463,557 | 455,491 | 449,914 | 450,478 | 450,478 | 450,478 |
Announcement Date | 2/23/21 | 2/8/22 | 2/9/23 | 2/8/24 | 2/6/25 | - | - | - |
1USD
Estimates
2025 * | 2026 * | |
---|---|---|
P/E ratio | 59.2x | 51.3x |
PBR | 7.3x | 7.46x |
EV / Sales | 12.1x | 11.2x |
Yield | 1.19% | 1.28% |
More valuation ratios
* Estimated data
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Sell
Buy

Mean consensus
HOLD
Number of Analysts
18
Last Close Price
199.77USD
Average target price
192.12USD
Spread / Average Target
-3.83%
Quarterly revenue - Rate of surprise
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