QualityDipStocks / Consumer Discretionary · Publishing
Thomson Reuters TRI
Not in a dip by our rules: 24% below its 52-week high.
A quality company trading well above our fair value estimate.
- Fair value est.
- $75.66−36%
- Market Value
- —
- Off 52-wk high
- −24%
- Risk vs market
- Lowbeta 0.14
2 bullish · 5 bearish See why
Key levels
Every level vs today’s $118.25
- Fair value est.base case$75.66−36.0%
- 52-wk lowlowest close, 1 year$76.55−35.3%
- PriceFri Oct 30 close$118.25you are here
- 52-wk highhighest close, 1 year$155.72+31.7%
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 4.1% ±2 points. Bear = 10.5% and 2.1%; bull = 8.5% and 6.1% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price is above even the bull case.
What the price implies To be worth today’s price, TRI’s free cash flow would need to grow about 12% a year for five years; our estimate uses 4%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much TRI moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 4.0× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- 0.14
- Volatility
- 51% vs 13% SPY
- Correlation SPY
- 0.03
- Correlation QQQ
- −0.08
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 2 of 5
ProfitabilityOperating margin of 29% over the last 12 months.
QualityPasses all four of our quality checks: cash generation, returns on capital, growth and balance sheet.
Top bearish points 5 of 5
ValuationOur DCF fair value estimate is $75.66, 36% below the price.
ProfitabilityOperating margin narrowed to 28.5% in FY2025 from 34.3% in FY2023 (SEC filings).
GrowthDiluted EPS fell 32% to $3.33 in FY2025.
ValuationP/E of 35.4× vs a 20.9× median for the 169 Consumer Discretionary companies we cover.
RiskReports earnings Nov 3 (consensus EPS $0.89): results can move the price sharply and reset Market Value.
Who’s talking about it
Notable investors, executives, analysts and public figures on Thomson Reuters in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in Consumer Discretionary
All fundamentals
P/E 35.4 · FCF yield 3.8% · Sales +3%
Valuation
- P/E
- 35.4×Consumer Discretionary median 20.9×
- Price / FCF
- 26.4×
- FCF yield
- 3.8%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 7.11×
- Price / book
- n/anot reported in its SEC filings
- Market cap
- $53.2Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $7.5B
- Sales growth, 12 months
- +3.0%vs the 12 months before
- Sales growth, 3 yrs
- +4.1%/yrfrom FY2022
- Diluted EPS, 12 months
- $3.33
- EPS growth, last FY
- −31.9%
- Net income, 12 months
- $1.5B
- Net income growth
- −32%12 months vs before
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- 28.5%
- Net margin
- 20.1%
- FCF margin
- 27.0%
- Return on equity
- n/anot reported in its SEC filings
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- n/anot reported in its SEC filings
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/acash or debt not tagged in SEC data
- Debt / equity
- n/adebt or equity not tagged in SEC data
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- $2.0B
- FCF growth, 12 months
- +9%
- Dividend yield
- 0%
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- $1.0B1.9% of market cap
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- n/anot reported in its SEC filings
Trailing 12 months to Dec 31, 2025. From Thomson Reuters’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
DCF $75.66 · FCF value $130.80
Assumes 4.1% growth for 5 years (revenue grew 4.1% a year FY22–FY25), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $4.49 a share (fiscal year to Dec 31, 2025), from the 40-F filed Mar 5, 2026. Net debt $2.4B, not deducted.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only arm once a company is in a dip.
Momentum & 52-week range
RSI 65 · 5 days −4.0%
The business
FCF $2.2B · Sales +10%
- Free cash flow, 12 months$2.2B
- Free-cash-flow yield4.4%
- Free-cash-flow margin28%
- Gross margin76%
- Operating margin28%
- Return on invested capital12%
- Return on equity14%
- Sales growth (latest quarter vs year-ago quarter)+10%
- Net debt / EBITDA0.8×
Next report
Nov 3
- DateTue Nov 3, before the open
- Consensus EPS$0.89
- Year-ago EPS$0.86
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
Get a text when TRI fires a reversal signal
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