<p>汤森路透（TSE:TRI）的股票在过去三个月上涨了 5.7%。考虑到股票价格通常与公司的长期财务表现相一致，我们决定调查一下公司的良好财务状况是否对最近的价格变动产生了影响。特别是，我们今天将关注汤森路透的股本回报率（ROE）。</p>
<p>股本回报率（ROE）是衡量公司如何有效地增长其价值和管理投资者资金的指标。简单来说，它用于评估公司相对于其股本的盈利能力。</p>
<p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
<h2>如何计算股本回报率？</h2>
<p><strong>ROE 可以通过以下公式计算：</strong></p>
<p>股本回报率 = 净利润（来自持续经营）÷ 股东权益</p>
<p>因此，根据上述公式，汤森路透的 ROE 为：</p>
<p>18% = 22 亿美元 ÷ 120 亿美元（基于截至 2024 年 12 月的过去十二个月）。</p>
<p>“回报” 是指过去十二个月的税后收益。换句话说，对于每加元 1 的股本，公司能够赚取 0.18 加元的利润。</p>
<p>查看我们对汤森路透的最新分析</p>
<h2>ROE 与盈利增长有什么关系？</h2>
<p>我们已经确定 ROE 作为公司未来盈利的有效盈利生成指标。我们现在需要评估公司再投资或 “保留” 的利润多少，这将给我们提供关于公司增长潜力的想法。假设其他条件相同，具有更高股本回报率和更高利润保留的公司通常与没有相同特征的公司相比，具有更高的增长率。</p>
<h2>汤森路透的盈利增长与 18% ROE</h2>
<p>首先，汤森路透的 ROE 看起来是可以接受的。即使与行业平均的 19% 相比，该公司的 ROE 也相当不错。正如你所预期的，汤森路透报告的 6.8% 的净收入下降有点令人惊讶。我们认为可能还有其他因素在起作用，阻碍了公司的增长。这些因素包括低盈利保留或资本配置不当。</p>
<p>话虽如此，我们将汤森路透的表现与行业进行了比较，当我们发现公司虽然缩减了盈利，但行业在同一 5 年期间的盈利增长率为 10% 时，我们感到担忧。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/515275-past-earnings-growth-1-dark/1743344159209?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/515275-past-earnings-growth-1-dark/1743344159209"/></p>
<p>TSX:TRI 过去的盈利增长 2025 年 3 月 30 日</p>
<p>对公司的估值基础在很大程度上与其盈利增长相关。投资者应尝试确定预期的盈利增长或下降，无论是哪种情况，是否已被定价。这样做将帮助他们确定股票的未来是否看起来有希望或不妙。如果你想了解汤森路透的估值，请查看其市盈率与行业的比较。</p>
<h2>汤森路透是否有效利用其保留收益？</h2>
<p>尽管汤森路透的三年中位数派息率为 43%（保留 57% 的利润），但如上所述，该公司的盈利却出现了下降。因此，可能还有其他因素在起作用，可能会阻碍增长。例如，业务面临了一些逆风。</p>
<p>此外，汤森路透在至少十年的时间里支付了股息，这意味着公司的管理层决心支付股息，即使这意味着几乎没有盈利增长。在研究最新的分析师共识数据时，我们发现公司未来的派息率预计将在未来三年内上升至 57%。尽管预计派息率较高，但公司的 ROE 预计不会有太大变化。</p>
<h2>结论</h2>
<p>总体而言，汤森路透的业务似乎有一些积极的方面。尽管如此，我们对看到盈利缺乏增长感到失望，即使在高 ROE 和高再投资率的情况下。我们认为可能有一些外部因素对业务产生了负面影响。话虽如此，我们研究了最新的分析师预测，发现尽管公司过去缩减了盈利，但分析师预计其未来盈利将会增长。要了解更多关于公司最新分析师预测的信息，请查看该公司的分析师预测可视化。</p>

汤森路透

<p>汤森路透的股票（TSE:TRI）在三个月内上涨了 5.7%，这归因于其良好的财务状况，特别是 18% 的股本回报率（ROE）。尽管如此，该公司报告的净收入下降了 6.8%，与行业 10% 的盈利增长形成对比。该公司保留了 57% 的利润，但面临影响增长的挑战。分析师预测未来的盈利增长，尽管过去有所下降，这表明公司财务表现有改善的潜力</p>

<p>Thomson Reuters' (TSE:TRI) stock up by 5.7% over the past three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to investigate if the company's decent financials had a hand to play in the recent price move. Particularly, we will be paying attention to Thomson Reuters' ROE today.</p>
<div class="lb-trans"><p>汤森路透（TSE:TRI）的股票在过去三个月上涨了 5.7%。考虑到股票价格通常与公司的长期财务表现相一致，我们决定调查一下公司的良好财务状况是否对最近的价格变动产生了影响。特别是，我们今天将关注汤森路透的股本回报率（ROE）。</p>
</div><p>Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.</p>
<div class="lb-trans"><p>股本回报率（ROE）是衡量公司如何有效地增长其价值和管理投资者资金的指标。简单来说，它用于评估公司相对于其股本的盈利能力。</p>
</div><p>This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.</p>
<div class="lb-trans"><p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
</div><h2>How To Calculate Return On Equity?</h2>
<div class="lb-trans"><h2>如何计算股本回报率？</h2>
</div><p><strong>ROE can be calculated by using the formula:</strong></p>
<div class="lb-trans"><p><strong>ROE 可以通过以下公式计算：</strong></p>
</div><p>Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity</p>
<div class="lb-trans"><p>股本回报率 = 净利润（来自持续经营）÷ 股东权益</p>
</div><p>So, based on the above formula, the ROE for Thomson Reuters is:</p>
<div class="lb-trans"><p>因此，根据上述公式，汤森路透的 ROE 为：</p>
</div><p>18% = US$2.2b ÷ US$12b (Based on the trailing twelve months to December 2024).</p>
<div class="lb-trans"><p>18% = 22 亿美元 ÷ 120 亿美元（基于截至 2024 年 12 月的过去十二个月）。</p>
</div><p>The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every CA$1 worth of equity, the company was able to earn CA$0.18 in profit.</p>
<div class="lb-trans"><p>“回报” 是指过去十二个月的税后收益。换句话说，对于每加元 1 的股本，公司能够赚取 0.18 加元的利润。</p>
</div><p>Check out our latest analysis for Thomson Reuters</p>
<div class="lb-trans"><p>查看我们对汤森路透的最新分析</p>
</div><h2>What Has ROE Got To Do With Earnings Growth?</h2>
<div class="lb-trans"><h2>ROE 与盈利增长有什么关系？</h2>
</div><p>We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. We now need to evaluate how much profit the company reinvests or &#34;retains&#34; for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.</p>
<div class="lb-trans"><p>我们已经确定 ROE 作为公司未来盈利的有效盈利生成指标。我们现在需要评估公司再投资或 “保留” 的利润多少，这将给我们提供关于公司增长潜力的想法。假设其他条件相同，具有更高股本回报率和更高利润保留的公司通常与没有相同特征的公司相比，具有更高的增长率。</p>
</div><h2>Thomson Reuters' Earnings Growth And 18% ROE</h2>
<div class="lb-trans"><h2>汤森路透的盈利增长与 18% ROE</h2>
</div><p>To start with, Thomson Reuters' ROE looks acceptable. Even when compared to the industry average of 19% the company's ROE looks quite decent. As you might expect, the 6.8% net income decline reported by Thomson Reuters is a bit of a surprise. We reckon that there could be some other factors at play here that are preventing the company's growth. These include low earnings retention or poor allocation of capital.</p>
<div class="lb-trans"><p>首先，汤森路透的 ROE 看起来是可以接受的。即使与行业平均的 19% 相比，该公司的 ROE 也相当不错。正如你所预期的，汤森路透报告的 6.8% 的净收入下降有点令人惊讶。我们认为可能还有其他因素在起作用，阻碍了公司的增长。这些因素包括低盈利保留或资本配置不当。</p>
</div><p>That being said, we compared Thomson Reuters' performance with the industry and were concerned when we found that while the company has shrunk its earnings, the industry has grown its earnings at a rate of 10% in the same 5-year period.</p>
<div class="lb-trans"><p>话虽如此，我们将汤森路透的表现与行业进行了比较，当我们发现公司虽然缩减了盈利，但行业在同一 5 年期间的盈利增长率为 10% 时，我们感到担忧。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/515275-past-earnings-growth-1-dark/1743344159209" alt="" original-src="https://images.simplywall.st/asset/chart/515275-past-earnings-growth-1-dark/1743344159209"/></p>
<p>TSX:TRI Past Earnings Growth March 30th 2025</p>
<div class="lb-trans"><p>TSX:TRI 过去的盈利增长 2025 年 3 月 30 日</p>
</div><p>The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Thomson Reuters''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.</p>
<div class="lb-trans"><p>对公司的估值基础在很大程度上与其盈利增长相关。投资者应尝试确定预期的盈利增长或下降，无论是哪种情况，是否已被定价。这样做将帮助他们确定股票的未来是否看起来有希望或不妙。如果你想了解汤森路透的估值，请查看其市盈率与行业的比较。</p>
</div><h2>Is Thomson Reuters Using Its Retained Earnings Effectively?</h2>
<div class="lb-trans"><h2>汤森路透是否有效利用其保留收益？</h2>
</div><p>Despite having a normal three-year median payout ratio of 43% (where it is retaining 57% of its profits), Thomson Reuters has seen a decline in earnings as we saw above. So there might be other factors at play here which could potentially be hampering growth. For example, the business has faced some headwinds.</p>
<div class="lb-trans"><p>尽管汤森路透的三年中位数派息率为 43%（保留 57% 的利润），但如上所述，该公司的盈利却出现了下降。因此，可能还有其他因素在起作用，可能会阻碍增长。例如，业务面临了一些逆风。</p>
</div><p>Additionally, Thomson Reuters has paid dividends over a period of at least ten years, which means that the company's management is determined to pay dividends even if it means little to no earnings growth. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to rise to 57% over the next three years. Despite the higher expected payout ratio, the company's ROE is not expected to change by much.</p>
<div class="lb-trans"><p>此外，汤森路透在至少十年的时间里支付了股息，这意味着公司的管理层决心支付股息，即使这意味着几乎没有盈利增长。在研究最新的分析师共识数据时，我们发现公司未来的派息率预计将在未来三年内上升至 57%。尽管预计派息率较高，但公司的 ROE 预计不会有太大变化。</p>
</div><h2>Conclusion</h2>
<div class="lb-trans"><h2>结论</h2>
</div><p>In total, it does look like Thomson Reuters has some positive aspects to its business. Although, we are disappointed to see a lack of growth in earnings even in spite of a high ROE and and a high reinvestment rate. We believe that there might be some outside factors that could be having a negative impact on the business. With that said, we studied the latest analyst forecasts and found that while the company has shrunk its earnings in the past, analysts expect its earnings to grow in the future. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.</p>
<div class="lb-trans"><p>总体而言，汤森路透的业务似乎有一些积极的方面。尽管如此，我们对看到盈利缺乏增长感到失望，即使在高 ROE 和高再投资率的情况下。我们认为可能有一些外部因素对业务产生了负面影响。话虽如此，我们研究了最新的分析师预测，发现尽管公司过去缩减了盈利，但分析师预计其未来盈利将会增长。要了解更多关于公司最新分析师预测的信息，请查看该公司的分析师预测可视化。</p>
</div>

汤森路透公司（TSE:TRI）在股市上表现良好：基本面是否在主导作用？