Financials Thomson Reuters Corporation

Equities

TRI

CA8849038085

Professional Information Services

Market Closed - Toronto Stock Exchange 04:15:57 2023-11-30 pm EST Intraday chart for Thomson Reuters Corporation 5-day change 1st Jan Change
189.58 CAD +0.26% -0.01% +18.31%

Valuation

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 24 376 35 721 40 660 58 281 54 780 63 454 - -
Enterprise Value (EV) 1 24 886 38 151 42 645 61 289 58 472 65 225 65 173 64 971
P/E ratio 358x 23,0x 36,4x 10,4x 39,6x 28,7x 39,4x 34,8x
Yield 2,98% 2,02% 1,86% 1,35% 1,56% 1,40% 1,53% 1,61%
Capitalization / Revenue 4,43x 6,05x 6,79x 9,18x 8,27x 9,31x 8,84x 8,36x
EV / Revenue 4,52x 6,46x 7,13x 9,65x 8,82x 9,57x 9,08x 8,56x
EV / EBITDA 18,2x 25,6x 21,6x 31,1x 25,1x 24,5x 23,4x 21,4x
EV / FCF 22,5x 240x 32,1x 48,8x 43,6x 36,2x 35,2x 33,0x
FCF Yield 4,45% 0,42% 3,12% 2,05% 2,29% 2,76% 2,84% 3,03%
Price to Book 2,62x 3,76x 4,08x 4,27x 4,61x 5,60x 5,56x 5,34x
Nbr of stocks (in thousands) 486 757 481 852 479 200 469 581 463 557 455 491 - -
Reference price 2 50,1 74,1 84,8 124 118 140 140 140
Announcement Date 02/26/19 02/25/20 02/23/21 02/08/22 02/09/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 5 501 5 906 5 984 6 348 6 627 6 815 7 175 7 594
EBITDA 1 1 365 1 493 1 975 1 970 2 329 2 661 2 788 3 029
EBIT 1 855 890 1 306 1 319 1 704 2 111 2 126 2 311
Operating Margin 15,5% 15,1% 21,8% 20,8% 25,7% 31,0% 29,6% 30,4%
Earnings before Tax (EBT) 1 533 971 1 764 1 054 2 082 2 028 1 934 2 101
Net income 1 90,0 1 564 1 122 5 689 1 402 1 989 1 501 1 780
Net margin 1,64% 26,5% 18,8% 89,6% 21,2% 29,2% 20,9% 23,4%
EPS 2 0,14 3,23 2,33 11,9 2,99 4,86 3,55 4,01
Free Cash Flow 1 1 107 159 1 330 1 256 1 340 1 800 1 852 1 970
FCF margin 20,1% 2,69% 22,2% 19,8% 20,2% 26,4% 25,8% 25,9%
FCF Conversion (EBITDA) 81,1% 10,6% 67,3% 63,8% 57,5% 67,6% 66,4% 65,0%
FCF Conversion (Net income) 1 230% 10,2% 119% 22,1% 95,6% 90,5% 123% 111%
Dividend per Share 2 1,49 1,49 1,58 1,68 1,85 1,96 2,13 2,25
Announcement Date 26/02/19 25/02/20 23/02/21 08/02/22 09/02/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period : December 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 1 532 1 526 1 710 1 674 1 614 1 574 1 765 1 738 1 647 1 594 1 828 1 820 1 737 1 699 1 943
EBITDA 1 502 458 452 600 561 535 633 677 662 632 692 729 674 651 819
EBIT 1 338 299 285 448 402 382 472 529 506 472 515 536 525 509 582
Operating Margin 22,1% 19,6% 16,7% 26,8% 24,9% 24,3% 26,7% 30,4% 30,7% 29,6% 28,2% 29,5% 30,2% 29,9% 30,0%
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income 1 1 068 -240 - 1 007 -115 228 282 756 894 367 316 - - - -
Net margin 69,7% -15,7% - 60,2% -7,13% 14,5% 16,0% 43,5% 54,3% 23,0% 17,3% - - - -
EPS 2 2,23 -0,51 -0,37 2,14 -0,25 0,49 0,61 1,65 1,90 0,80 1,05 0,89 0,79 0,76 0,88
Dividend per Share 2 0,42 0,42 0,42 - 0,46 0,46 0,46 0,51 0,49 0,49 0,49 0,54 0,54 0,54 0,54
Announcement Date 08/05/21 11/02/21 02/08/22 05/03/22 08/04/22 11/01/22 02/09/23 05/02/23 08/02/23 11/01/23 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 510 2 430 1 985 3 008 3 692 1 772 1 720 1 517
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0,37x 1,63x 1,01x 1,53x 1,59x 0,67x 0,62x 0,50x
Free Cash Flow 1 1 107 159 1 330 1 256 1 340 1 800 1 852 1 970
ROE (net income / shareholders' equity) 4,51% 6,88% 9,43% 8,10% 9,61% 13,7% 15,3% 16,0%
Shareholders' equity 1 1 995 22 722 11 902 70 196 14 587 14 517 9 840 11 103
ROA (Net income/ Total Assets) 2,31% 3,77% 5,24% 4,82% 5,65% 7,70% 8,69% 9,47%
Assets 1 3 894 41 537 21 427 117 995 24 815 25 816 17 270 18 794
Book Value Per Share 2 19,1 19,7 20,8 29,1 25,6 25,0 25,1 26,1
Cash Flow per Share 2 3,20 1,45 3,64 3,72 4,10 5,04 5,28 5,72
Capex 1 938 505 504 487 595 543 590 630
Capex / Sales 17,1% 8,55% 8,42% 7,67% 8,98% 7,97% 8,23% 8,30%
Announcement Date 02/26/19 02/25/20 02/23/21 02/08/22 02/09/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating :
Investor Rating :
ESG Refinitiv :
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
17
Last Close Price
139.68USD
Average target price
134.24USD
Spread / Average Target
-3.89%
Consensus
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