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TRN.L$228.40+3.82%
Fair $228.40+0.0%

TRN.L

Trainline plc

Consumer Cyclical / Travel ServicesLSE

$228.40

+8.40 (+3.82%)

Fairly Valued+0.0%Fair Value $228.40Fund rank 32/100 · Data gapFallback financials|
SA 43/C
F-Score: 6/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $81.8M · quality 54.7/100

Data gap 32/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 71/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

43/100

C

Piotroski

6/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · TRN.LLocal privado en este navegador · Trainline plc
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$820M

P/E

12.0x

↓

EV/EBITDA

571.1x

↑

ROE

39.1%

↑

Gross Margin

82.6%

↑

Debt/Equity

1.28

↑
52-Week Range$228
$178$308

TradingView lightweight chart

TRN.L price, volumen y niveles de valoración

Último $228.40Periodo -44.4%
Fair value: $228.40

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2023–2026 · 3 años de histórico normalizado

Revenue CAGR

+11.4%

FCF CAGR

+162.7%

FCF margin

17.6%

FCF / Net income

1.00x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $452.7M · net income $79.8M · FCF $79.5M

2023-FY → 2026-FY

Gross margin

82.6%+5.5% pts

Operating margin

27.0%+18.6% pts

Net margin

17.6%+11.1% pts

FCF margin

17.6%+16.2% pts
MetricTTM
2026
2025
2024
2023
Income Statement
Revenue$452.7M$452.7M$442.1M$396.7M$327.1M
Net Income$79.8M$79.8M$58.3M$34.0M$21.2M
EBITDA$167.2M$167.2M$132.2M$98.1M$73.5M
EPS0.190.190.130.070.04
Gross Margin82.6%82.6%79.7%77.0%77.1%
Operating Margin27.0%27.0%19.4%14.0%8.4%
Net Margin17.6%17.6%13.2%8.6%6.5%
Balance Sheet
Debt/Equity1.281.280.560.490.53
Current Ratio0.630.63———
Cash Flow
Free Cash Flow$79.5M$79.5M$95.9M$81.8M$4.4M
Returns
ROE39.1%39.1%20.6%10.9%7.3%
Valuation
P/E12.0212.022409.164346.976000.00
EV/EBITDA571.05571.051064.131505.271730.73
P/B466.33466.33497.10473.29437.51
Growth & Yield
Revenue Growth2.4%2.4%11.4%21.3%—
EPS Growth51.1%51.1%78.6%58.3%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

373.2%

muy exigente

EPS terminal req.

$20.27

Spread vs growth

-322.1%

5Y implied EPS CAGR

164.0%

muy exigente

EPS terminal req.

$24.52

Spread vs growth

-112.9%

10Y implied EPS CAGR

70.4%

muy exigente

EPS terminal req.

$39.49

Spread vs growth

-19.3%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -14.6%

Total return

-14.6%

Start / end P/E

2113.7x → 1193.9x

EPS bridge

0.13 → 0.19

Residual

-22.2%

EPS growth+51.1%
Multiple rerating-43.5%
Dividend+0.0%
Residual / FX / buybacks / cross-term-22.2%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.