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Trainline

BATS-CHIXE:TRNL
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TRNL
BATS-CHIXE
£2B
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

Trainline Plc operates an independent rail and coach travel platform. The last earnings update was 154 days ago. More info.


Add to Portfolio Compare Print
  • Trainline has significant price volatility in the past 3 months.
TRNL Share Price and Events
7 Day Returns
4.1%
BATS-CHIXE:TRNL
3.3%
GB Online Retail
0.1%
GB Market
1 Year Returns
-
BATS-CHIXE:TRNL
-8.7%
GB Online Retail
-23.6%
GB Market
TRNL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Trainline (TRNL) 4.1% -15.2% -23.8% - - -
GB Online Retail 3.3% -6.4% -13.9% -8.7% 37% 64.4%
GB Market 0.1% -15.5% -27% -23.6% -24.3% -23.5%
1 Year Return vs Industry and Market
  • No trading data on TRNL.
  • No trading data on TRNL.
Price Volatility
Industry
5yr Volatility vs Market

TRNL Value

 Is Trainline undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Trainline to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Trainline.

BATS-CHIXE:TRNL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:TRNL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Online Retail Unlevered Beta Simply Wall St/ S&P Global 1.42
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.419 (1 + (1- 19%) (12.99%))
1.381
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.38
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.381 * 6.07%)
8.91%

Discounted Cash Flow Calculation for BATS-CHIXE:TRNL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Trainline is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BATS-CHIXE:TRNL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.91%)
2020 54.07 Analyst x3 49.64
2021 58.35 Analyst x2 49.19
2022 110.07 Analyst x3 85.20
2023 120.18 Est @ 9.19% 85.42
2024 128.10 Est @ 6.59% 83.60
2025 134.21 Est @ 4.77% 80.42
2026 138.91 Est @ 3.5% 76.43
2027 142.53 Est @ 2.61% 72.01
2028 145.36 Est @ 1.98% 67.43
2029 147.61 Est @ 1.55% 62.87
Present value of next 10 years cash flows £712.00
BATS-CHIXE:TRNL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £147.61 × (1 + 0.53%) ÷ (8.91% – 0.53%)
£1,770.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £1,770.78 ÷ (1 + 8.91%)10
£754.19
BATS-CHIXE:TRNL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £712.00 + £754.19
£1,466.19
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £1,466.19 / 480.68
£3.05
BATS-CHIXE:TRNL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:TRNL represents 1.00171x of LSE:TRN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00171x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 3.05 x 1.00171
£3.06
Value per share (GBP) From above. £3.06
Current discount Discount to share price of £3.50
= -1 x (£3.50 - £3.06) / £3.06
-14.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Trainline is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Trainline's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Trainline's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:TRNL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-31) in GBP £-10.18
LSE:TRN Share Price ** LSE (2020-04-07) in GBP £3.5
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PE Ratio Median Figure of 8 Publicly-Listed Online Retail Companies 16.52x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Trainline.

BATS-CHIXE:TRNL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:TRN Share Price ÷ EPS (both in GBP)

= 3.5 ÷ -10.18

-0.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Trainline is loss making, we can't compare its value to the GB Online Retail industry average.
  • Trainline is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Trainline's expected growth come at a high price?
Raw Data
BATS-CHIXE:TRNL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
104.1%per year
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PEG Ratio Median Figure of 7 Publicly-Listed Online Retail Companies 1.2x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 517 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Trainline, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Trainline's assets?
Raw Data
BATS-CHIXE:TRNL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-31) in GBP £0.75
LSE:TRN Share Price * LSE (2020-04-07) in GBP £3.5
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PB Ratio Median Figure of 16 Publicly-Listed Online Retail Companies 2.19x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.11x
BATS-CHIXE:TRNL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:TRN Share Price ÷ Book Value per Share (both in GBP)

= 3.5 ÷ 0.75

4.68x

* Primary Listing of Trainline.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Trainline is overvalued based on assets compared to the GB Online Retail industry average.
X
Value checks
We assess Trainline's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Online Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Online Retail industry average (and greater than 0)? (1 check)
  5. Trainline has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TRNL Future Performance

 How is Trainline expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
104.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Trainline expected to grow at an attractive rate?
  • Trainline's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Trainline's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Trainline's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:TRNL Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:TRNL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 104.1%
BATS-CHIXE:TRNL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 10.9%
United Kingdom of Great Britain and Northern Ireland Online Retail Industry Earnings Growth Rate Market Cap Weighted Average 43.2%
United Kingdom of Great Britain and Northern Ireland Online Retail Industry Revenue Growth Rate Market Cap Weighted Average 12.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.5%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:TRNL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:TRNL Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-02-28 320 149 42 5
2021-02-28 256 100 -7 5
2020-04-07
2020-02-29 261 90 -70 5
BATS-CHIXE:TRNL Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-08-31 239 112 -123
2019-05-31 224 92 -84
2019-02-28 210 72 -45
2018-02-28 178 37 -52
2017-02-28 153 39 -56

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Trainline's earnings are expected to grow significantly at over 20% yearly.
  • Trainline's revenue is expected to grow by 10.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:TRNL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Trainline Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:TRNL Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-02-28 0.12 0.18 0.05 2.00
2021-02-28 0.06 0.13 -0.01 2.00
2020-04-07
2020-02-29 -0.03 0.09 -0.15 2.00
BATS-CHIXE:TRNL Past Financials Data
Date (Data in GBP Millions) EPS *
2019-08-31 -10.18
2019-05-31 -12.74
2019-02-28 -41.99
2018-02-28 -49.20
2017-02-28 -52.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Trainline is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Trainline's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Trainline has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TRNL Past Performance

  How has Trainline performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Trainline's growth in the last year to its industry (Online Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Trainline does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Trainline's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Trainline's 1-year growth to the GB Online Retail industry average as it is not currently profitable.
Earnings and Revenue History
Trainline's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Trainline Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:TRNL Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-08-31 238.64 -123.20 180.04
2019-05-31 224.07 -83.91 162.15
2019-02-28 209.50 -44.62 144.26
2018-02-28 177.99 -52.29 135.72
2017-02-28 152.77 -55.57 116.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Trainline has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Trainline has efficiently used its assets last year compared to the GB Online Retail industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Trainline improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Trainline's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Online Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Trainline has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TRNL Health

 How is Trainline's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Trainline's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Trainline is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Trainline's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Trainline's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Trainline Company Filings, last reported 7 months ago.

BATS-CHIXE:TRNL Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-31 357.09 202.02 165.25
2019-05-31 357.09 202.02 165.25
2019-02-28 236.59 282.75 94.48
2018-02-28 249.22 272.41 69.68
2017-02-28 273.28 263.99 73.98
  • Trainline's level of debt (56.6%) compared to net worth is high (greater than 40%).
  • Unable to establish if Trainline's debt level has increased without past 5-year debt data.
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.

  • Whilst loss making Trainline has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Trainline has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -54.6% per year.
X
Financial health checks
We assess Trainline's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Trainline has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TRNL Dividends

 What is Trainline's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Trainline dividends. Estimated to be 0% next year.
If you bought £2,000 of Trainline shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Trainline's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Trainline's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:TRNL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Online Retail Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.6%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.6%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:TRNL Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-02-28 0.00 2.00
2021-02-28 0.00 2.00
2020-04-07
2020-02-29 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Trainline has not reported any payouts.
  • Unable to verify if Trainline's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Trainline's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Trainline has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Trainline's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Trainline's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Trainline afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Trainline has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TRNL Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Clare Gilmartin
AGE 43
TENURE AS CEO 6.3 years
CEO Bio

Ms. Clare Gilmartin has been the Chief Executive Officer of Trainline.com Limited since June 2014. Ms. Gilmartin serves as Vice President of eBay, UK and Greater Europe and has led the European division during an exceptional period of growth for the brand, including the successful move to mobile platforms. She has been the Chief Executive Officer of Trainline Plc from 2014 and serves as its Director. Ms. Gilmartin served as a Non-Executive Director of Chime Communications plc from September 18, 2013 to October 16, 2015.

CEO Compensation
  • Insufficient data for Clare to compare compensation growth.
  • Insufficient data for Clare to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Clare Gilmartin

TITLE
CEO & Director
AGE
43
TENURE
6.3 yrs

Shaun McCabe

TITLE
CFO & Director
TENURE
3.6 yrs

Mark Holt

TITLE
Chief Technology Officer

Neil Murrin

TITLE
General Counsel & Director of Regulatory Affairs

Victoria Biggs

TITLE
Vice President of Brand & Communications

Robin Hancock

TITLE
Chief People Officer

Jonathan Moore

TITLE
Chief Product Officer

Daniel Beutler

TITLE
President of Trainline International
Board of Directors Tenure

Average tenure and age of the Trainline board of directors in years:

3.3
Average Tenure
54
Average Age
  • The tenure for the Trainline board of directors is about average.
Board of Directors

Brian McBride

TITLE
Independent Non-Executive Chair & Senior Independent Non-Executive Director
AGE
64
TENURE
0.4 yrs

Clare Gilmartin

TITLE
CEO & Director
AGE
43

Shaun McCabe

TITLE
CFO & Director

Philipp Freise

TITLE
Non-Executive Director
AGE
46
TENURE
3.3 yrs

Franziska Kayser

TITLE
Non-Executive Director
TENURE
4.6 yrs

Duncan Tatton-Brown

TITLE
Independent Non-Executive Director
AGE
54

Kjersti Wiklund

TITLE
Independent Non-Executive Director
AGE
56
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess Trainline's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Trainline has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TRNL News

Simply Wall St News

TRNL Company Info

Description

Trainline Plc operates an independent rail and coach travel platform. The company operates through three segments: UK Consumer, International, and Trainline for Business. The UK Consumer segment sells rail tickets to domestic and inbound customers on behalf of various rail and coach carriers in the United Kingdom. The International segment sells rail and coach tickets to people on behalf of various European rail and coach carriers worldwide. The Trainline for Business segment provides and supports rail booking solutions for small and medium enterprises and large corporate entities, including public sector partners. This segment also offers services to travel management companies; and builds, supports, and manages white label online and mobile sales platforms for various rail carriers. It provides routes, fares, and journey times from 260 train and coach companies through its Website and a mobile app. The company was founded in 1997 and is headquartered in London, the United Kingdom.

Details
Name: Trainline Plc
TRNL
Exchange: BATS-CHIXE
Founded: 1997
£1,680,459,055
480,680,508
Website: http://www.thetrainline.com
Address: Trainline Plc
120 Holborn,
3rd floor,
London,
Greater London, EC1N 2TD,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE TRN Ordinary Shares London Stock Exchange GB GBP 21. Jun 2019
OTCPK TNLI.F Ordinary Shares Pink Sheets LLC US USD 21. Jun 2019
DB 2T9A Ordinary Shares Deutsche Boerse AG DE EUR 21. Jun 2019
BATS-CHIXE TRNL Ordinary Shares BATS 'Chi-X Europe' GB GBP 21. Jun 2019
Number of employees
Current staff
Staff numbers
600
Trainline employees.
Industry
Internet and Direct Marketing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 21:50
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2019/11/05
Last earnings reported: 2019/08/31
Last annual earnings reported: 2019/02/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.