AIM:TMO

Stock Analysis Report

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Executive Summary

Time Out Group plc engages in media and entertainment business. More Details


Snowflake Analysis

Excellent balance sheet with limited growth.

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

Stable Share Price: TMO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

TMO

2.5%

GB Media

-0.7%

GB Market


1 Year Return

-71.7%

TMO

-29.2%

GB Media

-16.4%

GB Market

Return vs Industry: TMO underperformed the UK Media industry which returned -29.2% over the past year.

Return vs Market: TMO underperformed the UK Market which returned -16.4% over the past year.


Shareholder returns

TMOIndustryMarket
7 Day0%2.5%-0.7%
30 Day-5.7%10.4%0.7%
90 Day-8.3%13.4%-3.2%
1 Year-71.7%-71.7%-27.1%-29.2%-13.2%-16.4%
3 Year-76.9%-76.9%-30.2%-40.1%-9.3%-20.5%
5 Yearn/a-29.1%-44.8%15.2%-10.7%

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?

0.8x

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 GB 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 good value based on its PB Ratio (0.8x) compared to the GB Media industry average (1.1x).


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?

25.0%

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 (25% per year) is forecast to grow faster than the UK market (6% per year).

High Growth Revenue: TMO's revenue (25% 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?

4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TMO is currently unprofitable.

Growing Profit Margin: TMO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TMO is unprofitable, but has reduced losses over the past 5 years at a rate of 4% 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 (-32.4%).


Return on Equity

High ROE: TMO has a negative Return on Equity (-23.98%), as it is currently unprofitable.


Next Steps

Financial Health

How is Time Out Group's financial position?


Financial Position Analysis

Short Term Liabilities: TMO's short term assets (£33.6M) exceed its short term liabilities (£20.7M).

Long Term Liabilities: TMO's short term assets (£33.6M) do not cover its long term liabilities (£53.5M).


Debt to Equity History and Analysis

Debt Level: TMO's debt to equity ratio (19.9%) is considered satisfactory.

Reducing Debt: TMO's debt to equity ratio has reduced from 86.4% to 19.9% over the past 5 years.


Balance Sheet


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 sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: TMO has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 15.9% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?

4.4yrs

Average board tenure


CEO

Julio Bruno Castellanos (55 yo)

4.33yrs

Tenure

UK£840,000

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 ($USD1.10M) is above average for companies of similar size in the UK market ($USD352.00K).

Compensation vs Earnings: Julio's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Julio Bruno Castellanos
Group CEO & Director4.33yrsUK£840.00k0.14%
£ 129.4k
Peter Adam Dubens
Non-Executive Chairman4.42yrsno data1.75%
£ 1.6m
Alexander Collins
Non-Executive Director9.92yrsno datano data
Stuart Alan Rose
Independent Non Executive Director4.33yrsUK£35.00kno data
Matthew Riley
Independent Non-Executive Director3.75yrsUK£45.00kno data
David Till
Non-Executive Directorno datano datano data

4.4yrs

Average Tenure

54.5yo

Average Age

Experienced Board: TMO's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 90.7%.


Top Shareholders

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: 1968
  • Industry: Publishing
  • Sector: Media
  • Market Cap: UK£93.457m
  • Shares outstanding: 283.20m
  • 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. It operates through two segments, Time Out Market and Time Out Media. The Time Out Market segment operates bars; and engages in retail and ev ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 20:34
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.