Board Change • 6h
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Independent Non-Executive Director Marie Lalleman was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 08
Trainline plc Provides Earnings Guidance for the Fiscal Year 2027 Trainline Plc provided earnings guidance for the fiscal year 2027. For the year, the company expects revenue of EUR 440 million to EUR 455 million. Aankondiging • Mar 12
Trainline plc to Report Fiscal Year 2026 Results on May 06, 2026 Trainline plc announced that they will report fiscal year 2026 results at 6:00 AM, Coordinated Universal Time on May 06, 2026 Aankondiging • Feb 25
Trainline plc Announces Jody Ford Plans to Step Down as Chief Executive Officer Trainline plc announced that Jody Ford intends to step down as Chief Executive Officer after more than six years at the Company. Jody will continue to lead Trainline as CEO through the transition to new leadership. The Board has commenced a formal search process for his successor. Aankondiging • Sep 12
Trainline plc Reconfirms Earnings Guidance for the Fiscal Year 2026 Trainline plc reconfirmed earnings guidance for the fiscal year 2026. For fiscal year 2026, the company reconfirmed its year-on-year growth expectations for group net ticket sales (of between +6% and +9%) and group revenue (of between 0% and +3%). Aankondiging • May 30
Trainline plc, Annual General Meeting, Jun 26, 2025 Trainline plc, Annual General Meeting, Jun 26, 2025. Location: 120 holborn, ec1n 2td, london United Kingdom Aankondiging • Apr 18
Trainline Plc (LSE:TRN) acquired Online Travel Solutions, S.L. Trainline Plc (LSE:TRN) agreed to acquire Online Travel Solutions, S.L. on April 17, 2025.
Trainline Plc (LSE:TRN) completed acquisition of Online Travel Solutions, S.L. on April 17, 2025. Aankondiging • Nov 07
Trainline plc Provides Revenue Guidance for the Fiscal Year 2025 Trainline Plc provided revenue guidance for the fiscal year 2025. For the year, the company expects Revenue YoY growth of between +11% and +13%. Aankondiging • Sep 12
Trainline Plc to Report First Half, 2025 Results on Nov 07, 2024 Trainline Plc announced that they will report first half, 2025 results on Nov 07, 2024 Aankondiging • Jun 02
Trainline Plc, Annual General Meeting, Jun 27, 2024 Trainline Plc, Annual General Meeting, Jun 27, 2024. Location: 120 holborn, ec1n 2td, london United Kingdom Reported Earnings • May 03
Full year 2024 earnings released: EPS: UK£0.073 (vs UK£0.045 in FY 2023) Full year 2024 results: EPS: UK£0.073 (up from UK£0.045 in FY 2023). Revenue: UK£396.7m (up 21% from FY 2023). Net income: UK£34.0m (up 60% from FY 2023). Profit margin: 8.6% (up from 6.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Aankondiging • May 03
Trainline Plc Provides Financial Guidance for the Fiscal 2025 Trainline Plc provides financial guidance for the fiscal 2025. For the period, the company expects net ticket sales year over year growth of between 8% and 12%. Revenue year over year growth of between 7% and 11%. The company continue to enjoy significant growth opportunities, including increasing eticket penetration in the UK and new entrant carrier competition increasing the need for a market aggregator for European rail. Buy Or Sell Opportunity • Apr 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to UK£3.44. The fair value is estimated to be UK£2.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 92% in the next 2 years. Aankondiging • Mar 15
Trainline Plc to Report Fiscal Year 2024 Results on May 03, 2024 Trainline Plc announced that they will report fiscal year 2024 results on May 03, 2024 Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to UK£3.76, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 18x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£3.33 per share. Buy Or Sell Opportunity • Jan 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to UK£3.25. The fair value is estimated to be UK£2.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 112% in the next 2 years. Aankondiging • Jan 17
Trainline plc Announces Appointment of Marie Lalleman as Independent Non-Executive Director and Member of Audit and Risk, Nomination and Remuneration Committees Trainline Plc announced the appointment of Marie Lalleman as Independent Non-Executive Director and Member of Audit and Risk, Nomination and Remuneration Committees with?? effect from 17 January 2024. Marie is currently a Non-executive Director at Criteo SA and Patrizia SE. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£3.24, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 19x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.68 per share. Reported Earnings • Nov 04
First half 2024 earnings released: EPS: UK£0.029 (vs UK£0.026 in 1H 2023) First half 2024 results: EPS: UK£0.029 (up from UK£0.026 in 1H 2023). Revenue: UK£196.9m (up 19% from 1H 2023). Net income: UK£13.6m (up 12% from 1H 2023). Profit margin: 6.9% (down from 7.4% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • Nov 03
Trainline plc Provides Revenue Guidance for the Year 2024 Trainline Plc announced tightening Group guidance towards upper end of range for 2024: Revenue YoY growth of between +15% and +20% (previously 13% to 22%). Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to UK£2.84, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 17x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 7.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£4.78 per share. Aankondiging • Sep 20
Trainline Plc (LSE:TRN) commences an Equity Buyback Plan for 48,068,050 shares, representing 10% of its issued share capital, under the authorization approved on June 29, 2023. Trainline Plc (LSE:TRN) commences share repurchases on September 18, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 29, 2023. As per the mandate, the company is authorized to repurchase up to 48,068,050 shares, representing 10% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.01 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The shares purchased may either be cancelled or held as treasury shares, which may then be cancelled, sold for cash, or used to meet the company’s obligations under its employee share schemes. The authority shall expire at the conclusion of the next Annual General Meeting of the company. As of May 4, 2023, the company had 480,680,508 ordinary shares in issue and no ordinary shares in treasury.
On September 14, 2023, the company announced a share repurchase program. Under the program, the company will repurchase £50 million worth of its shares. Any surplus capital thereafter may be returned to shareholders. The program will end no later than September 13, 2024. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£2.77, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 20x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£4.84 per share. Aankondiging • Sep 01
Trainline Plc to Report First Half, 2024 Results on Nov 02, 2023 Trainline Plc announced that they will report first half, 2024 results on Nov 02, 2023 New Risk • Jun 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£2.38, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 21x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.20 per share. Board Change • Jun 09
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Peter Wood was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 31
Trainline Plc, Annual General Meeting, Jun 29, 2023 Trainline Plc, Annual General Meeting, Jun 29, 2023, at 07:30 Coordinated Universal Time. Location: 1 Tanfield Edinburgh EH3 5DA Edinburgh United Kingdom Reported Earnings • May 07
Full year 2023 earnings released: EPS: UK£0.045 (vs UK£0.025 loss in FY 2022) Full year 2023 results: EPS: UK£0.045 (up from UK£0.025 loss in FY 2022). Revenue: UK£327.1m (up 74% from FY 2022). Net income: UK£21.2m (up UK£33.1m from FY 2022). Profit margin: 6.5% (up from net loss in FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Nov 16
High number of new directors Independent Non-Executive Director Parekh Goss-Custard was the last director to join the board, commencing their role in 2022. Reported Earnings • Nov 04
First half 2023 earnings released First half 2023 results: Revenue: UK£165.0m (up 112% from 1H 2022). Net income: UK£12.2m (up UK£20.6m from 1H 2022). Profit margin: 7.4% (up from net loss in 1H 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Parekh Goss-Custard was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Jul 26
Forecast breakeven date pushed back to 2024 The 9 analysts covering Trainline previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of UK£30.4m in 2024. Average annual earnings growth of 52% is required to achieve expected profit on schedule. Board Change • Jul 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Parekh Goss-Custard was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 06
Full year 2022 earnings released: UK£0.025 loss per share (vs UK£0.19 loss in FY 2021) Full year 2022 results: UK£0.025 loss per share (up from UK£0.19 loss in FY 2021). Revenue: UK£188.5m (up 181% from FY 2021). Net loss: UK£11.9m (loss narrowed 87% from FY 2021). Over the next year, revenue is forecast to grow 46%, compared to a 34% growth forecast for the restaurants industry in the United Kingdom. Buying Opportunity • Jan 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be UK£2.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 30% over the last year. Earnings per share has declined by 100% over the last year. Reported Earnings • Nov 04
First half 2022 earnings released: UK£0.018 loss per share (vs UK£0.081 loss in 1H 2021) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2022 results: Revenue: UK£77.7m (up 151% from 1H 2021). Net loss: UK£8.42m (loss narrowed 78% from 1H 2021). Breakeven Date Change • Sep 23
Forecast to breakeven in 2023 The 8 analysts covering Trainline expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of UK£21.2m in 2023. Average annual earnings growth of 106% is required to achieve expected profit on schedule. Reported Earnings • Jun 04
Full year 2021 earnings released: UK£0.19 loss per share (vs UK£0.18 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: UK£67.1m (down 74% from FY 2020). Net loss: UK£91.3m (loss widened 13% from FY 2020). Recent Insider Transactions • May 30
Independent Non-Executive Director recently bought UK£102k worth of stock On the 27th of May, Duncan Tatton-Brown bought around 35k shares on-market at roughly UK£2.87 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold UK£6.3m more in shares than they bought in the last 12 months. Reported Earnings • May 07
Full year 2021 earnings released: UK£0.19 loss per share (vs UK£0.18 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: UK£67.1m (down 74% from FY 2020). Net loss: UK£91.3m (loss widened 13% from FY 2020). Executive Departure • Mar 02
CEO & Director Clare Gilmartin has left the company On the 28th of February, Clare Gilmartin's tenure as CEO & Director of the company ended. Clare personally held 7.71m shares (UK£36m worth) as of December 2020. This is 1.6% of the company. Clare is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 25
New 90-day high: UK£5.19 The company is up 15% from its price of UK£4.50 on 27 November 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£3.10 per share. Recent Insider Transactions • Feb 18
CEO & Director recently sold UK£412k worth of stock On the 15th of February, Clare Gilmartin sold around 84k shares on-market at roughly UK£4.90 per share. In the last 3 months, there was an even bigger sale from another insider worth UK£2.9m. Clare has been a seller over the last 12 months, reducing personal holdings by UK£3.6m. Is New 90 Day High Low • Feb 06
New 90-day high: UK£4.83 The company is up 58% from its price of UK£3.06 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£3.07 per share. Recent Insider Transactions • Dec 05
CFO & Director recently sold UK£2.9m worth of stock On the 1st of December, Shaun McCabe sold around 600k shares on-market at roughly UK£4.80 per share. This was the largest sale by an insider in the last 3 months. This was Shaun's only on-market trade for the last 12 months. Is New 90 Day High Low • Dec 02
New 90-day high: UK£4.80 The company is up 23% from its price of UK£3.90 on 03 September 2020. The British market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.73 per share. 
