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Trainline Plc (TRN.L)

GBp223.00 -0.80 (-0.36%)
GB LSE Consumer Cyclical Travel Services
Address 120 Holborn EC1N 2TD
London, GB
CEO Jody Ford
Website thetrainline.com
IPO 2019-06-21
ISIN GB00BKDTK925

Explore sections of this company profile

Also trades on London Stock Exchange · TRN.L (GBp) Other OTC · TNLIY (USD)
Description

Trainline Plc operates as a prominent independent digital platform dedicated to facilitating the global sale of rail and coach travel tickets. The company's business activities are organized into three main divisions: UK Consumer, UK Trainline Partner Solutions, and International. The UK Consumer division caters to individual travellers, providing intuitive apps and websites for booking journeys exclusively within the United Kingdom. In parallel, the UK Trainline Partner Solutions segment offers specialized travel portal platforms designed for corporate entities and travel management firms, in addition to supplying white-label e-commerce solutions for train operating companies throughout the UK. The International segment focuses on individual passengers undertaking journeys outside the United Kingdom, equipping them with dedicated travel applications and online portals. In total, Trainline provides comprehensive access to routes, fares, and journey timetables from approximately 270 different rail and coach carriers across 45 countries worldwide. Founded in 1997, Trainline Plc is headquartered in London, United Kingdom.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
GBp223.00 -0.80 (-0.36%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.39
Float Shares
361.57M
Free Float %
98.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-4.42% -12.86% -12.34% +2.67% -22.73% -5.90% -18.86% -22.55% -50.52% -49.54% -49.54%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
223.00
DCF (Unlevered) 3,941.16 +1,667.3%
DCF (Levered) 2,260.62 +913.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 77% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 9 0
Hold 2 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
3.49
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Travel Services: +8.5%
    +2.4% Q1'26: +9.1% (vs Q1'24)
  • ✓
    EPS growth Travel Services: +10.2%
    +46.2% ★ Q1'26: +84.1% (vs Q1'24)
  • ✓
    FCF margin FCF growth · Travel Services: +12.2%
    +15.5% ★ Q1'26: -0.5% (vs Q1'24)
  • ✓
    EBIT margin Travel Services: +13.1%
    +27.0% ★ Q1'26: +25.0% (vs Q1'24)
  • ✓
    ROIC Travel Services: +10.4%
    +21.0% ★ Q1'26: +34.6% (vs Q1'24)
  • ✓
    Share dilution Travel Services: +0.3%
    -9.5% ★ Q1'26: -17.2% (vs Q1'24)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Travel Services: -0.25×
    1.60× Q1'26: 0.92× (vs Q1'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.33) × ERP
WACC = 79% × Ke + 21% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 3,764.48 Current price: 223.00
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Feb 2020
actual 		Feb 2021
actual 		Feb 2022
actual 		Feb 2023
actual 		Feb 2024
actual 		Feb 2025
actual 		Feb 2026
12 Rev. Ana.
10 EPS Ana. 		Feb 2027
9 Rev. Ana.
7 EPS Ana. 		Feb 2028
11 Rev. Ana.
9 EPS Ana. 		Feb 2029
4 Rev. Ana.
2 EPS Ana. 		Feb 2030
2 Rev. Ana.
1 EPS Ana.
Revenue
260.75M
est: 261.00M (-0.1%)
67.08M
est: 67.00M (+0.1%)
188.51M
est: 186.82M (+0.9%)
327.15M
est: 330.70M (-1.1%)
396.72M
est: 525.41M (-24.5%)
442.10M
est: 442.00M (+0.0%)
453.00M
447.52M – 457.14M
+2.5% YoY
449.98M
445.62M – 456.44M
-0.7% YoY
467.01M
445.39M – 497.34M
+3.8% YoY
484.49M
484.29M – 484.70M
+3.7% YoY
531.40M
516.29M – 552.81M
+9.7% YoY
EBITDA
-17.60M
est: 4.19M (-520.0%)
-57.93M
est: -19.08M (-203.7%)
35.29M
est: -38.07M (+192.7%)
68.81M
est: -47.36M (+245.3%)
98.15M
est: -78.96M (+224.3%)
132.16M
est: 232.47M (-43.1%)
238.32M
235.44M – 240.50M
+2.5% YoY
236.73M
234.44M – 240.13M
-0.7% YoY
245.69M
234.32M – 261.65M
+3.8% YoY
254.89M
254.78M – 255.00M
+3.7% YoY
279.57M
271.61M – 290.83M
+9.7% YoY
EBIT
-68.50M
est: -31.87M (-115.0%)
-99.13M
est: -31.44M (-215.3%)
-7.29M
est: -62.73M (+88.4%)
27.64M
est: -78.05M (+135.4%)
56.49M
est: -130.12M (+143.4%)
88.99M
est: 230.38M (-61.4%)
236.18M
233.33M – 238.34M
+2.5% YoY
234.61M
232.33M – 237.98M
-0.7% YoY
243.49M
232.22M – 259.30M
+3.8% YoY
252.60M
252.50M – 252.71M
+3.7% YoY
277.06M
269.18M – 288.22M
+9.7% YoY
Net Income
-80.94M
est: 35.59M (-327.4%)
-91.30M
est: -37.32M (-144.6%)
-11.91M
est: -74.47M (+84.0%)
21.22M
est: -92.66M (+122.9%)
33.99M
est: -154.47M (+122.0%)
58.35M
est: 58.35M (+0.0%)
92.65M
84.53M – 100.77M
+58.8% YoY
100.06M
88.83M – 111.28M
+8.0% YoY
117.37M
95.07M – 139.66M
+17.3% YoY
117.30M
105.07M – 129.52M
-0.1% YoY
116.83M
112.51M – 122.95M
-0.4% YoY
SGA
126.58M
est: 189.77M (-33.3%)
80.67M
est: 48.71M (+65.6%)
120.53M
est: 183.00M (-34.1%)
183.42M
est: 227.68M (-19.4%)
249.71M
est: 379.57M (-34.2%)
266.74M
est: 256.19M (+4.1%)
262.57M
259.39M – 264.97M
+2.5% YoY
260.82M
258.29M – 264.56M
-0.7% YoY
270.69M
258.16M – 288.27M
+3.8% YoY
280.82M
280.70M – 280.94M
+3.7% YoY
308.01M
299.25M – 320.42M
+9.7% YoY
EPS
-0.18
est: 0.08 (-333.1%)
-0.19
est: -0.13 (-46.0%)
-0.02
est: -0.01 (-312.2%)
0.05
est: 0.07 (-36.3%)
0.07
est: -0.01 (+880.9%)
0.13
est: 0.18 (-26.2%)
0.22
0.20 – 0.24
+26.0% YoY
0.24
0.21 – 0.27
+9.5% YoY
0.27
0.23 – 0.33
+9.1% YoY
0.28
0.25 – 0.31
+6.0% YoY
0.28
0.27 – 0.29
-0.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 B+ 3/5 1/5 5/5 5/5 1/5 4/5 2/5
2026-05-06 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-05-05 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-05-01 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-30 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-29 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-28 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-27 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-24 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-23 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-22 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-21 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-20 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-17 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-16 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
258.23M
OE per share TTM
0.58
Owner's Yield
27.86%
Maintenance CapEx ratio
4.64%
Maint CapEx / Avg PPE
7.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 87 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Amplify Travel Tech ETF AWAY 3.55% 892.4K 0.75%
2 Amundi Prime UK Mid & Small Cap UCITS ETF DR - GBP (D) PRUK.L 0.45% 1.91M 0.05%
3 Vanguard FTSE 250 UCITS ETF (GBP) Distributing VMID.DE 0.29% 7.61M 0.10%
4 Vanguard FTSE 250 UCITS ETF VMIG.MI 0.29% 7.61M 0.10%
5 Invesco FTSE 250 UCITS ETF S250.L 0.28% 98.6K 0.12%
6 iShares FTSE 250 UCITS ETF MIDD.L 0.27% 2.32M 0.40%
7 HSBC FTSE 250 UCITS ETF HMCX.L 0.27% 182.3K 0.09%
8 Xtrackers FTSE 250 UCITS ETF 1D XMCX.L 0.26% 101.3K 0.15%
9 iShares MSCI United Kingdom Small-Cap ETF EWUS 0.23% 93.7K 0.59%
10 iShares MSCI UK Small Cap UCITS ETF CUKS.L 0.23% 292.2K 0.58%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
122.4K
Shares Outstanding
365.51M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jody Ford Chief Executive Officer & Executive Director 6M male
Peter Wood Chief Financial Officer & Executive Director 3M male
Lisa Hillier Chief People Officer — female
Martin McIntyre Company Secretary — male
Martin Sheehan Chief Corporate Affairs Officer — male
Mike Hyde Chief Data Officer — male
Mun Valiji Chief Information Security Officer — —
Nina de Souza Chief Product Officer — female
Pete Wade Chief Commercial Officer — male
Sakshi Anand Chief Growth Officer — female
Dave Lewis Head of SEO — —
Victoria Biggs Chief Communications Officer — female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits

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