Company Valuation: Trainline plc

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 974.4 1,198 1,425 1,324 740.7 661.2 - -
Change - 22.97% 18.94% -7.1% -44.05% -10.74% - -
Enterprise Value (EV) 1 1,065 1,299 1,489 1,407 942.9 863.7 804.9 727.6
Change - 21.96% 14.67% -5.49% -33% -8.4% -6.81% -9.61%
P/E -81.8x 57.1x 43.7x 24.2x 10.2x 9.06x 8x 7.58x
PBR 3.75x 4.16x 4.63x 5x 3.99x 4.01x 3.05x 2.3x
PEG - -0x 0.8x 0.3x 0.2x 0.8x 0.6x 1.35x
Capitalization / Revenue 5.17x 3.66x 3.59x 2.99x 1.64x 1.48x 1.43x 1.37x
EV / Revenue 5.65x 3.97x 3.75x 3.18x 2.08x 1.93x 1.74x 1.51x
EV / EBITDA 27.3x 15.1x 12.2x 8.84x 5.34x 4.72x 4.29x 3.78x
EV / EBIT -302x 28.9x 18.5x 12.1x 6.94x 6.24x 5.71x 5.02x
EV / FCF 6.42x 167x 17.6x 14.5x 9.78x 9.04x 6.61x 6.15x
FCF Yield 15.6% 0.6% 5.69% 6.92% 10.2% 11.1% 15.1% 16.3%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.0249 0.0448 0.0709 0.1266 0.1913 0.2122 0.2403 0.2538
Distribution rate - - - - - - - -
Net sales 1 188.5 327.1 396.7 442.1 452.7 447.6 463 482.4
EBITDA 1 39.05 86.1 122.1 159.1 176.6 182.9 187.7 192.2
EBIT 1 -3.53 44.93 80.47 116 135.8 138.4 141 144.9
Net income 1 -11.9 21.22 33.99 58.35 79.81 75.99 79.48 82.12
Net Debt 1 90.32 100.4 63.94 83.4 202.2 202.6 143.8 66.44
Reference price 2 2.036 2.557 3.096 3.066 1.953 1.923 1.923 1.923
Nbr of stocks (in thousands) 478,581 468,581 460,309 431,795 379,260 343,818 - -
Announcement Date 5/5/22 5/4/23 5/3/24 5/7/25 5/6/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.16x1.95x4.76x-.--% 885M
15.61x4.35x11.72x1.03% 123B
14.26x1.83x7.2x0.72% 31.71B
24.51x1.8x7.49x0.82% 24.83B
95.98x4.03x22.7x0% 4.4B
47.67x4.4x27.87x-.--% 1.89B
34.64x1.31x6.66x0.4% 1.47B
10.01x0.69x4.1x4.91% 1.45B
31.14x0.67x4.6x-.--% 986M
17.72x0.78x8.73x3.27% 911M
Average 30.07x 2.18x 10.58x 1.11% 19.17B
Weighted average by Cap. 18.86x 3.50x 10.66x 0.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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