Added to YB: 2025-03-19
Pitch date: 2025-03-17
TRN.L [bullish]
Trainline plc
-17.23%
current return
Author Info
Northwest Frontier Capital is a generalist analyst with established track record of in Small and Mid-Cap and TMT investing across both the buy and sell-side. Philosophy based on identifying high quality companies with strong fundamentals, skilled management teams and clear competitive advantages, that can invest at high incremental ROIC on a persistent basis. Then looking to purchase these companies at intrinsic value and hold for the long-term. Sign up for the newsletter.
Company Info
Trainline plc engages in the operation of an independent rail and coach travel platform that sells rail and coach tickets the United Kingdom and internationally.
Market Cap
GBP 1.1B
Pitch Price
GBP 2.68
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.06
P/E
20.92
EV/Sales
2.69
Sector
Hotels, Restaurants and Leisure
Category
value
Trainline's H1 Trading Update: A Misunderstood Journey
TRN.L: UK rail ticket platform trading at 7.7x EV/EBITDA, lowest among EU classifieds. Strong FCF, positive working capital, net-cash balance. UK growth slowing but mature. International segment faces short-term challenges but shows profitability. Potential for 60% share reduction via buybacks. Misunderstood platform economics create opportunity.
Read full article (6 min)