AIM:TMO

Stock Analysis Report

Executive Summary

Time Out Group plc engages in media and entertainment business.

Snowflake

Fundamentals

Limited growth with imperfect balance sheet.


Similar Companies

Share Price & News

How has Time Out Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.6%

TMO

-2.2%

GB Media

0.08%

GB Market


1 Year Return

47.0%

TMO

-4.3%

GB Media

3.5%

GB Market

Return vs Industry: TMO exceeded the UK Media industry which returned -4.3% over the past year.

Return vs Market: TMO exceeded the UK Market which returned 3.5% over the past year.


Shareholder returns

TMOIndustryMarket
7 Day-1.6%-2.2%0.08%
30 Day-4.7%-7.7%-1.3%
90 Day-7.6%-5.2%-2.2%
1 Year47.0%47.0%-0.4%-4.3%9.0%3.5%
3 Year-14.4%-14.4%-5.6%-17.4%18.1%3.1%
5 Yearn/a13.4%-9.7%36.2%5.3%

Price Volatility Vs. Market

How volatile is Time Out Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Time Out Group undervalued compared to its fair value and its price relative to the market?

2.14x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate TMO's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate TMO's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: TMO is unprofitable, so we can't compare its PE Ratio to the Media industry average.

PE vs Market: TMO is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TMO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TMO is overvalued based on its PB Ratio (2.1x) compared to the GB Media industry average (1.4x).


Next Steps

Future Growth

How is Time Out Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

27.7%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TMO's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if TMO's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TMO's revenue (27.7% per year) is forecast to grow faster than the UK market (4% per year).

High Growth Revenue: TMO's revenue (27.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TMO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Time Out Group performed over the past 5 years?

-0.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TMO is unprofitable, and losses have increased over the past 5 years at a rate of -0.6% per year.

Accelerating Growth: Unable to compare TMO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TMO is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (2.8%).


Return on Equity

High ROE: TMO has a negative Return on Equity (-21.58%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: TMO is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: TMO is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Time Out Group's financial position?


Financial Position Analysis

Short Term Liabilities: TMO's short term assets (£27.1M) exceeds its short term liabilities (£25.0M)

Long Term Liabilities: TMO's short term assets (27.1M) do not cover its long term liabilities (69.7M)


Debt to Equity History and Analysis

Debt Level: TMO's debt to equity ratio (60.1%) is considered high

Reducing Debt: TMO's debt to equity ratio has reduced from 5858.3% to 60.1% over the past 5 years.


Balance Sheet

Inventory Level: TMO has a high level of physical assets or inventory.

Debt Coverage by Assets: TMO's debt is not covered by short term assets (assets are 0.6x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TMO has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: TMO has less than a year of cash runway if free cash flow continues to reduce at historical rates of -26.4% each year


Next Steps

Dividend

What is Time Out Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage4.1%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate TMO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TMO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if TMO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TMO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TMO's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

What is the CEO of Time Out Group's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average board tenure


CEO

Julio Bruno Castellanos (54yo)

3.3yrs

Tenure

UK£420,000

Compensation

Mr. Julio Bruno Castellanos has been Chief Executive Officer of Time Out Group plc since June 2016. Mr. Bruno Castellanos served as the Executive Chairman of Time Out Digital Limited since September 30, 20 ...


CEO Compensation Analysis

Compensation vs. Market: Julio's total compensation ($USD544.00K) is about average for companies of similar size in the UK market ($USD659.56K).

Compensation vs Earnings: Julio's compensation has been consistent with company performance over the past year.


Board Age and Tenure

3.4yrs

Average Tenure

51yo

Average Age

Experienced Board: TMO's board of directors are considered experienced (3.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUK£107,00012 Jun 19
Peter Adam Dubens
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares100,000
Max PriceUK£1.07
BuyUK£190,00011 Jun 19
Peter Adam Dubens
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares200,000
Max PriceUK£0.95
BuyUK£5,08524 Apr 19
Anthony Elliott
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares5,000
Max PriceUK£1.02
BuyUK£210,00026 Oct 18
Peter Adam Dubens
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares300,000
Max PriceUK£0.70

Ownership Breakdown


Management Team

  • Steve Tredget

    Investor Relations Director

    • Tenure: 0yrs
  • Adam Silver (43yo)

    CFO & Director

    • Tenure: 1.6yrs
    • Compensation: UK£286.25k
  • Julio Bruno Castellanos (54yo)

    Group CEO & Director

    • Tenure: 3.3yrs
    • Compensation: UK£420.00k
  • Sarah Bartlett

    Chief Marketing Officer of the Group

    • Tenure: 0yrs
  • Didier Souillat

    Chief Executive Officer of Time Out Markets

    • Tenure: 0yrs
  • Alexandra Rieck

    Global Head of PR & Communications

    • Tenure: 0yrs

Board Members

  • Peter Adam Dubens (53yo)

    Non-Executive Chairman

    • Tenure: 3.4yrs
  • Alex Collins (49yo)

    Non-Executive Director

    • Tenure: 8.9yrs
  • Stuart Alan Rose (70yo)

    Non Executive Director

    • Tenure: 3.3yrs
    • Compensation: UK£35.00k
  • Matthew Riley (45yo)

    Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: UK£45.00k
  • Adam Silver (43yo)

    CFO & Director

    • Tenure: 1.6yrs
    • Compensation: UK£286.25k
  • Tony Elliott

    Non-Executive Director

    • Tenure: 8.9yrs
    • Compensation: UK£52.00k
  • Julio Bruno Castellanos (54yo)

    Group CEO & Director

    • Tenure: 3.3yrs
    • Compensation: UK£420.00k

Company Information

Time Out Group plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Time Out Group plc
  • Ticker: TMO
  • Exchange: AIM
  • Founded: 2010
  • Industry: Publishing
  • Sector: Media
  • Market Cap: UK£180.489m
  • Shares outstanding: 148.47m
  • Website: https://www.timeout.com

Number of Employees


Location

  • Time Out Group plc
  • 77 Wicklow Street
  • London
  • Greater London
  • WC1X 9JY
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TMOAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJun 2016

Biography

Time Out Group plc engages in media and entertainment business. The company operates in four segments: Print, Digital, International, and Markets. The Print segment sells print advertising and publications ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:46
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.