$Thomson Reuters (TRI.US)$Revenue has continued to grow over...
$Thomson Reuters(TRI.US$Revenue has continued to grow over the past 5 years, with an average growth rate of 4.6%. Operating profit grew amid fluctuations due to large fluctuations in expenses. The 5-year average growth rate was 11.9%. Net profit was affected by equity earnings and reached 4.02 billion yuan and 5.69 billion dollars respectively in 2018 and 2021, respectively. The remaining three years were more than 1 billion dollars.
In the first two quarters of 2023, revenue increased by 3%, operating profit surged 66% due to a sharp drop in expenses, and net profit increased by 85% due to equity earnings of 1 billion dollars.
Currently, the price-earnings ratio is 46, and the price-earnings ratio has dropped to 29.1. If you calculate the 5-year average net profit of 2.75 billion yuan, the corresponding price-earnings ratio is 21.7. Compared to the growth rate, the valuation is normal, but the fluctuation is too high and requires discounts to compensate for the risk, and the current valuation is unattractive.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
