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Time Out
(LSE:TMO)
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Rating:43Neutral
Price Target:
7.00 p
▼(-20.90% Downside)
Action:Reiterated
Date:12/25/25
The score is held down primarily by weak financial performance (sharp revenue decline, much larger losses, renewed cash burn, higher debt and negative equity). Technicals further pressure the rating, with price well below key moving averages and negative momentum indicators. Valuation offers limited offset because the negative P/E reflects unprofitable operations and dividend data is unavailable.
Positive Factors
Diversified revenue streams
Time Out operates two durable revenue pillars: media/advertising and curated Time Out Market venues. This diversification reduces reliance on a single revenue stream, enables cross-selling of audience data and sponsorships, and provides flexibility to shift focus between digital and venue income over the medium term.
Negative Factors
Weakened balance sheet
Leverage increased materially and shareholders' equity turned negative, significantly eroding financial resilience. Negative equity and higher debt raise refinancing and covenant risk, limit capacity for strategic investments or new market openings, and heighten sensitivity to any further revenue or margin shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
Time Out operates two durable revenue pillars: media/advertising and curated Time Out Market venues. This diversification reduces reliance on a single revenue stream, enables cross-selling of audience data and sponsorships, and provides flexibility to shift focus between digital and venue income over the medium term.
Read all positive factors
Time Out (TMO) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£38.55M
Dividend YieldN/A
Average Volume (3M)75.22K
Price to Earnings (P/E)―
Beta (1Y)-0.42
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees631
SectorConsumer Cyclical
Sector Strength84
IndustryEntertainment
Share Statistics
EPS (TTM)-0.02
Shares Outstanding522,645,260
10 Day Avg. Volume25,137
30 Day Avg. Volume75,222
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-2.49
Price to Sales (P/S)0.96
P/FCF Ratio-6.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.02
Revenue Forecast (FY)£136.62M
Time Out Business Overview & Revenue Model
Company Description
Time Out Group plc, along with its subsidiary companies, functions within the media and entertainment sector. Its operations are structured around two main divisions: Time Out Market and Time Out Media. The Time Out Market division is responsible ...
How the Company Makes Money
Time Out primarily makes money through two core revenue areas: (1) Time Out Market (venue operations and related income) and (2) Media and advertising (selling marketing solutions around its content and audience). For Time Out Market, revenue is g...
Time Out Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
18
Very Negative
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2022 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.75M | 73.22M | 103.11M | 104.64M | 72.93M | 33.61M |
| Gross Profit | 30.60M | 60.45M | 64.73M | 61.89M | 44.58M | 22.14M |
| EBITDA | 2.33M | -38.94M | 8.60M | -6.42M | -2.95M | -12.46M |
| Net Income | -7.46M | -63.79M | -4.59M | -26.12M | -19.56M | -30.19M |
Balance Sheet | ||||||
| Total Assets | 87.32M | 82.55M | 117.62M | 104.81M | 120.75M | 128.43M |
| Cash, Cash Equivalents and Short-Term Investments | 5.42M | 2.62M | 5.90M | 5.09M | 4.85M | 19.07M |
| Total Debt | 97.90M | 88.92M | 62.72M | 54.75M | 49.40M | 45.97M |
| Total Liabilities | 120.06M | 110.88M | 88.82M | 73.67M | 65.43M | 59.60M |
| Stockholders Equity | -32.70M | -28.27M | 28.85M | 31.15M | 55.34M | 68.88M |
Cash Flow | ||||||
| Free Cash Flow | -1.07M | -10.71M | -965.00K | 403.00K | -8.95M | -24.53M |
| Operating Cash Flow | 1.69M | -6.00M | 9.68M | 3.27M | -7.04M | -19.32M |
| Investing Cash Flow | -3.58M | -4.68M | -10.59M | -2.80M | -1.91M | -4.58M |
| Financing Cash Flow | 4.74M | 7.54M | 1.80M | -109.00K | -5.49M | 20.84M |
Time Out Technical Analysis
Neutral
8.85
Price Trends
7.34
Positive
7.74
Negative
9.31
Negative
Market Momentum
0.01
Negative
59.42
Neutral
70.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TMO, the sentiment is Neutral. The current price of 8.85 is above the 20-day moving average (MA) of 7.30, above the 50-day MA of 7.34, and below the 200-day MA of 9.31, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 59.42 is Neutral, neither overbought nor oversold. The STOCH value of 70.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:TMO.
Time Out Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | £73.61M | 84.29 | 2.10% | 1.76% | 8.88% | 16.13% | |
62 Neutral | £85.08M | 61.11 | 5.18% | ― | 5.07% | -36.68% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | £342.43M | 4.72 | 9.30% | ― | -0.52% | 68.53% | |
50 Neutral | £1.47B | -52.85 | -65.76% | 2.50% | 4.58% | -24.15% | |
44 Neutral | £17.17M | -5.63 | ― | ― | 28.33% | 34.53% | |
43 Neutral | £38.55M | -0.42 | 47.01% | ― | ― | ― |
* Consumer Cyclical Sector Average
GB:TMO
Time Out
7.38
-9.63
-56.62%
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19.90%
Time Out Corporate Events
Business Operations and Strategy
Time Out hands Hong Kong and Singapore media operations to ITP under 10-year franchise
Positive
Jul 1, 2026
Time Out Group has signed a 10-year franchise agreement with ITP Media Group to operate its media brands in Hong Kong and Singapore, covering editorial operations, digital platforms, social channels, events and experiential activations. The deal e...
Business Operations and Strategy
Time Out Group to Launch First South American Market in São Paulo via Franchise Deal
Positive
Jun 18, 2026
Time Out Group has signed a master franchise agreement with Giunina LLC, led by Brazilian hospitality executive Benjamin Ramalho, to develop and operate Time Out Market Brazil, marking the brand’s entry into South America. The first site, ex...
Business Operations and StrategyM&A Transactions
Time Out Signs Australian Franchise Deal With Vinyl Group
Positive
Jun 10, 2026
Time Out Group has signed a long-term franchise agreement with Australia’s Vinyl Group to transfer Time Out Australia’s media operations to a local operator. Vinyl will acquire Print Digital Publishing Pty Ltd, becoming the exclusive ...
Business Operations and Strategy
Time Out Signs First Global Franchise Deal for Delhi Market
Positive
Jun 8, 2026
Time Out Group has signed its first global franchise agreement for Time Out Market with Quint Digital, a leading Indian media-tech firm, to develop and operate Time Out Market Delhi. The venue will be located at 5 Worldmark in Aerocity, span about...
Business Operations and StrategyExecutive/Board Changes
Time Out Grants Additional Share Options to Strategy Chief
Positive
Jun 3, 2026
Time Out Group has expanded its long-term incentive arrangements by granting options over 1,000,000 ordinary shares to Chief Strategy Transformation Officer Emma Teague at an exercise price of £0.085, vesting in equal tranches over three yea...
Business Operations and StrategyM&A Transactions
Time Out Sells Spanish Media Arm to RBA in Long-Term Franchise Deal
Positive
Jun 2, 2026
Time Out Group has agreed a long‑term franchise partnership with Spanish publisher RBA, under which RBA acquires and will continue to operate Time Out’s media brands in Spain, including Time Out Barcelona and Time Out Madrid, paying a ...
Business Operations and Strategy
Time Out Opens Vancouver Market as Capex-Light Global Expansion Gathers Pace
Positive
May 29, 2026
Time Out Group has opened Time Out Market Vancouver, its second Canadian site and 13th global market, under a management agreement in Oakridge Park, a major mixed-use redevelopment. The 51,000 sq ft venue hosts 18 kitchens, multiple bars, event sp...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.