Trainline (TRN) AI Stock Analysis

• Market Cap: £834.47M
• Dividend Yield: N/A
• Average Volume (3M): 2.16M
• Price to Earnings (P/E): 5.8
• Beta (1Y): 0.63
• Revenue Growth: 4.39%
• EPS Growth: 43.74%
• Country: UK
• Employees: 1,000
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Travel Services
• EPS (TTM): 0.11
• Shares Outstanding: 374,732,330
• 10 Day Avg. Volume: 2,673,444
• 30 Day Avg. Volume: 2,161,116
• PEG Ratio: 0.30
• Price to Book (P/B): 4.83
• Price to Sales (P/S): 3.09
• P/FCF Ratio: 14.25
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £266.00
• Price Target Upside: 30.01% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 0.24
• Revenue Forecast (FY): £458.03M

• Rating: 69 Neutral
• Price Target: 247.00 p ▲(20.72% Upside)
• Action: Downgraded Date: 02/26/26
• Date: Action: Downgraded 02/26/26

The score is supported primarily by strong financial performance (improving margins, solid ROE, and healthy cash generation) and a reasonable P/E valuation, but is held back by weak technicals with the share price below all key moving averages and a negative MACD.

Positive Factors

Diversified revenue model (B2C + B2B)

Trainline's dual model of consumer ticketing fees plus B2B contracted retailing provides durable revenue diversification. B2B contracts create recurring, usage-linked revenue while B2C scale supports marketplace liquidity and data-driven product improvements, reducing single-channel dependence.

Negative Factors

Dependence on carrier partnerships and commercial agreements

Trainline's access to fares, timetables and ticket issuance relies on partner contracts. Adverse renegotiation, fee pressure, or operator consolidation could reduce commissions or restrict product access, creating persistent revenue and margin vulnerability over months to years.

Trainline Business Overview & Revenue Model

Company Description

Trainline Plc operates an independent rail and coach travel platform that sells rail and coach tickets worldwide. The company operates through three segments: UK Consumer, UK Trainline Partner Solutions, and International. The UK Consumer segment ...

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Trainline Plc operates an independent rail and coach travel platform that sells rail and coach tickets worldwide. The company operates through three segments: UK Consumer, UK Trainline Partner Solutions, and International. The UK Consumer segment ...

How the Company Makes Money

Trainline primarily makes money by earning fees and commissions on tickets sold through its platforms. When a customer books a rail or coach journey via Trainline’s apps or websites, Trainline typically receives a share of the fare (commission) an...

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Trainline primarily makes money by earning fees and commissions on tickets sold through its platforms. When a customer books a rail or coach journey via Trainline’s apps or websites, Trainline typically receives a share of the fare (commission) an...

Trainline Financial Statement Overview

Breakdown	TTM	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020
Income Statement
Total Revenue	447.73M	442.10M	396.72M	327.15M	188.51M	67.08M
Gross Profit	343.83M	352.31M	305.29M	211.06M	110.22M	7.48M
EBITDA	124.73M	132.16M	98.15M	68.81M	35.29M	-57.93M
Net Income	73.14M	58.35M	33.99M	21.22M	-11.90M	-91.30M
Balance Sheet
Total Assets	702.37M	660.25M	681.93M	653.17M	643.00M	592.88M
Cash, Cash Equivalents and Short-Term Investments	57.13M	76.76M	91.08M	57.34M	68.50M	36.58M
Total Debt	164.98M	158.58M	153.11M	153.54M	153.49M	269.70M
Total Liabilities	452.09M	377.51M	369.92M	362.53M	383.51M	309.38M
Stockholders Equity	250.28M	282.75M	312.02M	290.64M	259.49M	283.50M
Cash Flow
Free Cash Flow	130.87M	95.89M	81.85M	-2.02M	165.16M	-152.37M
Operating Cash Flow	132.35M	138.20M	121.73M	33.20M	194.50M	-126.03M
Investing Cash Flow	-41.15M	-42.67M	-40.75M	-35.22M	-29.34M	-26.34M
Financing Cash Flow	-155.22M	-109.08M	-45.57M	-9.33M	-132.40M	97.79M

Trainline Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 204.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TRN, the sentiment is Positive. The current price of 204.6 is below the 20-day moving average (MA) of 206.90, above the 50-day MA of 202.45, and below the 200-day MA of 243.03, indicating a neutral trend. The MACD of 6.43 indicates Negative momentum. The RSI at 66.75 is Neutral, neither overbought nor oversold. The STOCH value of 82.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TRN.

Trainline Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JET2	75 Outperform	£2.05B	1.18	24.73%	1.18%	7.17%	-2.22%
TRN	69 Neutral	£834.47M	5.79	27.44%	―	4.39%	43.74%
OTB	64 Neutral	£234.46M	40.51	5.43%	1.39%	-5.30%	-30.17%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
HSW	61 Neutral	£123.85M	25.93	9.72%	0.60%	-3.82%	-51.23%
SSPG	48 Neutral	£1.41B	-18.43	-59.21%	2.50%	5.98%	-371.14%
SMWH	46 Neutral	£719.96M	-6.05	-62.07%	4.48%	-19.03%	-318.35%

Trainline Corporate Events