Dividend Idea - Thompson Reuters (NYSE:TRI)

The Dividend Idea
(A Snapshot of attractive Dividend Stocks)
- By Dividend Yield - Stock, Capital, Investment -

40/2012(2012-10-07)

The Dividend Idea

Content:

1. Summary
2. Price Facts
3. Long-Term Price Ratios And Margins
4. Income Statement
5. Balance Sheet
6. Cash Flow Statement
7. Peer-Fact Sheet
8. Detailed Competitors

© By Dividend Yield - Stock, Capital, Investment
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The Dividend Idea

Company Summary:
Thomson Reuters Corporation (Thomson Reuters) is a provider of information
for the world’s businesses and professionals. As of January 1, 2012, the Com-
pany was organized in four business units: Financial & Risk, a provider of
news, information and analytics; Legal, a provider of critical information, deci-
sion support tools, software and services to legal, investigation, business and
Government professionals worldwide; Tax & Accounting, a provider of inte-
grated tax compliance and accounting information, software and services for
professionals in accounting firms, corporations, law firms and Government,
and Intellectual Property & Science, a provider of intellectual property and sci-
entific resources. In June 2012, Veritas Capital acquired the healthcare unit of
Thomson Reuters and rebranded the business as Truven Health Analytics. In
June 2012, the Company acquired Zawya Ltd. In July 2012, the Company ac-
quired Lex Nova, a provider of legal and labor information in the Spanish mar-
ket.

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-1 2002-12 2004-12 2006-12 2008-12 2010-12 TTM

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Earnings Per Share USD Dividends USD

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The Dividend Idea

Price Facts NYSE:TRI

Stock Price Estimated Value* Potential Rating Points**
28.84 38.00 31.76% 8/10

Size Category Sector Industry
Large Cap Growth Technology Information Provider
Value Financial Financial Publishing
Dividend Contender

P/E -24.8 # Yrs Dividend Growth 19
Fwd P/E 13.8 Dividend Growth Rate 1Y 6.90%
P/S 1.7 Dividend Growth Rate 3Y 4.70%
P/B 1.4 Dividend Growth Rate 5Y 7.10%
Dividend Yield 4.40% Dividend Growth Rate 10Y 5.90%
PEG 1.4 EPS Last 10 Years 15.39
PEG Payback 8.2 Dividends Paid 10Y 9.1
EV/EBITDA 8.70 Payout N/A
Market Capitalization 23.81B Cash MRQ 1.89B
EBITDA TTM 3.35B Debt MRQ 7.2B

* Estimated By Morningstar ** Rated By StockScouter

64

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12/03 12/05 12/07 12/09 12/11

AVG P/E PRICE/ SALES PRICE/ BOOK

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The Dividend Idea

Margin

Year AVG PRICE/ PRICE/ BOOK DEBT/ Operating Net Profit ROE in % ROA in %
P/E SALES BOOK VALUE EQUITY Margin in % in %
12/11 -20.4 1.61 1.35 19.82 0.46 -5.1 -10.1 -8.5 -4.3
12/10 33.6 2.39 1.61 23.18 0.39 10.9 6.9 4.7 2.6
12/09 30.1 2.07 1.39 23.22 0.39 12.1 6.3 4.3 2.4
12/08 19.1 1.93 1.31 22.26 0.41 14.5 11.1 7.1 3.8
12/07 23.6 3.6 1.95 20.84 0.36 17.8 15.7 8.7 5.1
12/06 27.3 4.06 2.53 16.37 0.41 18.9 14.1 8.9 4.6
12/05 33.9 3.67 2.25 15.35 0.43 16.8 10.9 6.8 3.5
12/04 25.5 2.87 2.32 15.21 0.43 16.6 10.6 8.6 4.4
12/03 24.3 3.19 2.58 14.04 0.46 15.7 10.9 8.7 4.3
12/02 47.7 2.3 1.94 13.77 0.46 15.8 5.5 4.8 2.3

Average 24.47 2.77 1.92 18.41 0.42 13.40 8.19 5.41 2.87

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Gross Margin % Operating Margin %
Return on Equity % Return on Invested Capital %

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The Dividend Idea

Income Statement

2011 2010 2009 2008 2007
Period End Date 12/31/2011 12/31/2010 12/31/2009 12/31/2008 12/31/2007
Period Length 12 Months 12 Months 12 Months 12 Months 12 Months

Revenue 13807 13070 12948 11707 7296
Gross Profit 10276 9427 9334 8241 2021
Selling/General/Administrative Expenses, Total 957 956 948 698 0
Depreciation/Amortization 1709 1574 1556 1321 724
Operating Income -705 1357 1155 1668 1297
Income Before Tax -1103 1072 545 1670 1251
Income Tax - Total 293 139 -299 350 155
Income After Tax -1396 933 844 1320 1096
Basic Weighted Average Shares 833.46 832.31 830 770.84 641.16
Basic EPS Excluding Extraordinary Items -1.68 1.09 0.99 1.69 1.79
Basic EPS Including Extraordinary Items -1.67 1.09 1.01 1.69 6.33

Diluted Weighted Average Shares 833.46 836.45 832.94 775.18 644.43
Diluted EPS Excluding Extrordinary Items -1.68 1.08 0.98 1.68 1.78
Diluted EPS Including Extraordinary Items -1.67 1.08 1.01 1.68 6.29

16,000
14,000
12,000
10,000
8,000
6,000
4,000
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-2,000 2002-12 2004-12 2006-12 2008-12 2010-12 TTM
-4,000

Revenue USD Mil Operating Income USD Mil
Net Income USD Mil

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The Dividend Idea

Balance Sheet

2011 2010 2009 2008 2007
Period End Date 12/31/2011 12/31/2010 12/31/2009 12/31/2008 12/31/2007

Cash and Short Term Investments 422 864 1,111 841 7,497
Cash 249 359 438 351 253
Cash & Equivalents 110 208 673 490 7,244
Total Current Assets 3,914 3,659 3,663 3,686 9,574

Property/Plant/Equipment, Total - Net 1,509 1,567 1,546 1,556 731
Goodwill, Net 15,932 18,892 18,130 18,324 6,939
Intangibles, Net 10,111 10,327 10,189 10,001 4,161
Long Term Investments 253 247 298 288 43

Total Long Term Debt 7,160 6,873 6,821 6,783 4,224
Total Equity 16,405 19,322 19,267 18,416 13,313

Total Liabilities & Shareholders’ Equity 32,476 35,531 34,573 34,589 22,478
Total Common Shares Outstanding 828 833 830 827 639
Total Preferred Shares Outstanding 6 6 6 6 6

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2002-12 2004-12 2006-12 2008-12 2010-12 TTM

Cash & Short-Term Investments Intangibles
Short-Term Debt Long-Term Debt
Total Stockholders' Equity

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The Dividend Idea

Cash Flow Statement

2011 2010 2009 2008 2007
Period End Date 12/31/2011 12/31/2010 12/31/2009 12/31/2008 12/31/2007
Period Length 12 Months 12 Months 12 Months 12 Months 12 Months

Net Income/Starting Line -1,392 933 867 1,321 4,004
Cash from Operating Activities 2,597 2,672 2,666 2,761 1,816

Capital Expenditures -1,041 -1,114 -1,097 -939 -608
Acquisition of Business -1,286 -612 -349 -8,502 -488
Sale of Business 415 26 56 244 18
Cash from Investing Activities -1,807 -1,692 -1,365 -9,262 5,883

Financing Cash Flow Items -39 -7 -6 -39 -43
Other Financing CashFlow -39 -7 -6 -39 -43
Total Cash Dividends Paid -963 -901 -907 -601 -618
Issuance (Retirement) of Stock, Net -326 0 0 -522 -168
Issuance (Retirement) of Debt, Net 101 -311 -138 1,048 365
Cash from Financing Activities -1,227 -1,219 -1,051 -114 -464

3,000
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2,000
1,500
1,000
500
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-500 2002-12 2004-12 2006-12 2008-12 2010-12 TTM

-1,000
-1,500

Operating Cash Flow USD Mil Cap Spending USD Mil
Free Cash Flow USD Mil

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The Dividend Idea

Peer Ticker Mcap P/E P/B P/S Yield
Broadridge Financial Solutions Inc. BR 2.92B 23.89 3.44 1.27 3.08%
Dun & Bradstreet Corp. DNB 3.72B 14.71 - 2.16 1.83%
FactSet Research Systems Inc. FDS 4.23B 23.02 7.63 5.25 1.30%
IHS Inc. IHS 6.21B 46.39 3.96 4.18 -
Morningstar Inc. MORN 3.09B 33.27 3.91 4.79 0.63%
News Corp. NWSA 59.55B 57.25 2.43 1.77 0.67%
Nielsen Holdings N.V. NLSN 11.12B 34.99 2.33 2 -
Reed Elsevier plc RUK 11.90B 14.56 6.13 2.26 3.53%
The McGraw-Hill Companies, Inc. MHP 15.64B 19.45 9.27 2.48 1.83%
Thomson Reuters Corporation TRI 23.81B - 1.43 1.74 4.44%

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The Dividend Idea

News Corp (NWSA) has a market capitalization of $59.63 billion. The company generates revenue of $33,706.00
million and has a net income of $1,407.00 million. The firm’s EBITDA amounts to $3,684.00 million. The EBITDA
margin is 10.93% (operating margin 6.56% and net profit margin 4.17%).

The total debt represents 27.28% of the company’s assets and the total debt in relation to the equity amounts to
62.61%. Last fiscal year, a return on equity of 4.31% was realized. Twelve trailing months earnings per share reached
a value of $0.44. Last fiscal year, the company paid $0.18 in form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 57.29, Price/Sales 1.77 and Price/Book ratio 2.43. Dividend
Yield: 0.67%. The beta ratio is 1.49.

McGraw-Hill (MHP) has a market capitalization of $15.64 billion. The company generates revenue of $6,246.00
million and has a net income of $858.00 million. The firm’s EBITDA amounts to $1,807.00 million. The EBITDA

79.44%. Last fiscal year, a return on equity of 44.90% was realized. Twelve trailing months earnings per share rea-
ched a value of $2.87. Last fiscal year, the company paid $1.00 in form of dividends to shareholders.


Reed Elsevier (RUK) has a market capitalization of $11.87 billion. The company generates revenue of $5,122.63
million and has a net income of $654.62 million. The firm’s EBITDA amounts to $1,482.51 million. The EBITDA

The total debt represents 0.00% of the company’s assets and the total debt in relation to the equity amounts to 0.00%.
Last fiscal year, a return on equity of 36.94% was realized. Twelve trailing months earnings per share reached a value
of $2.69. Last fiscal year, the company paid $1.39 in form of dividends to shareholders.


IHS (IHS) has a market capitalization of $6.21 billion. The company generates revenue of $1,325.64 million and has a
net income of $135.29 million. The firm’s EBITDA amounts to $260.47 million. The EBITDA margin is 19.65%
(operating margin 13.01% and net profit margin 10.21%).

58.02%. Last fiscal year, a return on equity of 10.57% was realized. Twelve trailing months earnings per share rea-
ched a value of $2.03. Last fiscal year, the company paid $0.00 in form of dividends to shareholders.

Yield: none. The beta ratio is 0.51.

FactSet Research (FDS) has a market capitalization of $4.21 billion. The company generates revenue of $805.79
million and has a net income of $188.81 million. The firm’s EBITDA amounts to $306.77 million. The EBITDA mar-
gin is 38.07% (operating margin 33.88% and net profit margin 23.43%).

Twelve trailing months earnings per share reached a value of $4.13. Last fiscal year, the company paid $1.16 in form
of dividends to shareholders.


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The Dividend Idea

Broadridge Financial (BR) has a market capitalization of $2.92 billion. The company generates revenue of $2,303.50

61.66%. Last fiscal year, a return on equity of 15.17% was realized. Twelve trailing months earnings per share
reached a value of $0.98. Last fiscal year, the company paid $0.64 in form of dividends to shareholders.


Dun & Bradstreet (DNB) has a market capitalization of $3.72 billion. The company generates revenue of $1,758.50

The total debt represents 48.81% of the company’s assets. Twelve trailing months earnings per share reached a value

Here are the price ratios of the company: The P/E ratio is 14.70, Price/Sales 2.12 and Price/Book ratio is not calcula-
ble. Dividend Yield: 1.83%. The beta ratio is 0.65.

Morningstar (MORN) has a market capitalization of $3.09 billion. The company generates revenue of $631.40 mil-
lion and has a net income of $96.47 million. The firm’s EBITDA amounts to $181.33 million. The EBITDA margin is
28.72% (operating margin 21.92% and net profit margin 15.28%).

The total debt represents 0.00% of the company’s assets and the total debt in relation to the equity amounts to 0.00%.
Last fiscal year, a return on equity of 11.99% was realized. Twelve trailing months earnings per share reached a value


Nielsen Hldg (NLSN) has a market capitalization of $11.12 billion. The company generates revenue of $5,532.00
million and has a net income of $82.00 million. The firm’s EBITDA amounts to $1,284.00 million. The EBITDA mar-

145.97%. Last fiscal year, a return on equity of 2.21% was realized. Twelve trailing months earnings per share
reached a value of $0.88. Last fiscal year, the company paid $0.00 in form of dividends to shareholders.

Yield: is not calculable%. The beta ratio is not calculable.

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The Dividend Idea


Dividend Idea - Thompson Reuters (NYSE:TRI)

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