Trainline Plc (TRN) - Net Assets
Based on the latest financial reports, Trainline Plc (TRN) has net assets worth GBX250.28 Million GBX (≈ $30.45K USD) as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX702.37 Million ≈ $85.46K USD) and total liabilities (GBX452.09 Million ≈ $55.01K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore how large is Trainline Plc's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX250.28 Million |
| % of Total Assets | 35.63% |
| Annual Growth Rate | 0.43% |
| 5-Year Change | 8.96% |
| 10-Year Change | 13.45% |
| Growth Volatility | 20.76 |
Trainline Plc - Net Assets Trend (2017–2025)
This chart illustrates how Trainline Plc's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see market value of Trainline Plc.
Annual Net Assets for Trainline Plc (2017–2025)
The table below shows the annual net assets of Trainline Plc from 2017 to 2025. Explore Trainline Plc (TRN) cash conversion ratio to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | GBX282.75 Million ≈ $34.40K |
-9.38% |
| 2024-02-29 | GBX312.02 Million ≈ $37.96K |
0.00% |
| 2024-02-28 | GBX312.02 Million ≈ $37.96K |
+7.35% |
| 2023-02-28 | GBX290.64 Million ≈ $35.36K |
+12.00% |
| 2022-02-28 | GBX259.49 Million ≈ $31.57K |
-8.47% |
| 2021-02-28 | GBX283.50 Million ≈ $34.49K |
-23.98% |
| 2020-02-29 | GBX372.91 Million ≈ $45.37K |
0.00% |
| 2020-02-28 | GBX372.91 Million ≈ $45.37K |
+57.62% |
| 2019-02-28 | GBX236.59 Million ≈ $28.79K |
-5.07% |
| 2018-02-28 | GBX249.22 Million ≈ $30.32K |
-8.80% |
| 2017-02-28 | GBX273.28 Million ≈ $33.25K |
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Equity Component Analysis
This analysis shows how different components contribute to Trainline Plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 145024700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX1.39 Billion | 490.71% |
| Common Stock | GBX4.46 Million | 1.58% |
| Total Equity | GBX282.75 Million | 100.00% |
Trainline Plc Competitors by Market Cap
The table below lists competitors of Trainline Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
elumeo SE
XETRA:ELB
|
$11.14 Million |
|
Sama Resources Inc.
V:SME
|
$11.14 Million |
|
MYMBN Berhad
KLSE:0280
|
$11.14 Million |
|
Belararox Ltd
AU:BRX
|
$11.15 Million |
|
Bioatla Inc
NASDAQ:BCAB
|
$11.14 Million |
|
Strategic Energy Resources Ltd
AU:SER
|
$11.14 Million |
|
Quince Therapeutics, Inc.
NASDAQ:QNCX
|
$11.14 Million |
|
Sarthak Metals Limited
NSE:SMLT
|
$11.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trainline Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 312,016,000 to 282,747,000, a change of -29,269,000 (-9.4%).
- Net income of 58,348,000 contributed positively to equity growth.
- Share repurchases of 106,491,000 reduced equity.
- Other comprehensive income decreased equity by 41,488,000.
- Other factors increased equity by 60,362,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX58.35 Million | +20.64% |
| Share Repurchases | GBX106.49 Million | -37.66% |
| Other Comprehensive Income | GBX-41.49 Million | -14.67% |
| Other Changes | GBX60.36 Million | +21.35% |
| Total Change | GBX- | -9.38% |
Book Value vs Market Value Analysis
This analysis compares Trainline Plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 393.44x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 424.61x to 393.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-02-28 | GBX0.57 | GBX241.40 | x |
| 2018-02-28 | GBX0.52 | GBX241.40 | x |
| 2019-02-28 | GBX0.49 | GBX241.40 | x |
| 2020-02-28 | GBX0.81 | GBX241.40 | x |
| 2020-02-29 | GBX0.81 | GBX241.40 | x |
| 2021-02-28 | GBX0.59 | GBX241.40 | x |
| 2022-02-28 | GBX0.54 | GBX241.40 | x |
| 2023-02-28 | GBX0.61 | GBX241.40 | x |
| 2024-02-28 | GBX0.65 | GBX241.40 | x |
| 2024-02-29 | GBX0.65 | GBX241.40 | x |
| 2025-02-28 | GBX0.61 | GBX241.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trainline Plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.64%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.20%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 2.34x
- Recent ROE (20.64%) is above the historical average (-5.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -11.06% | -19.79% | 0.22x | 2.51x | GBX-57.56 Million |
| 2018 | -9.71% | -13.60% | 0.26x | 2.72x | GBX-49.12 Million |
| 2019 | -5.78% | -6.52% | 0.30x | 2.98x | GBX-37.33 Million |
| 2020 | -21.70% | -31.04% | 0.37x | 1.88x | GBX-118.23 Million |
| 2020 | -21.70% | -31.04% | 0.37x | 1.88x | GBX-118.23 Million |
| 2021 | -32.21% | -136.10% | 0.11x | 2.09x | GBX-119.65 Million |
| 2022 | -4.59% | -6.32% | 0.29x | 2.48x | GBX-37.85 Million |
| 2023 | 7.30% | 6.49% | 0.50x | 2.25x | GBX-7.85 Million |
| 2024 | 10.89% | 8.57% | 0.58x | 2.19x | GBX2.78 Million |
| 2024 | 10.89% | 8.57% | 0.58x | 2.19x | GBX2.78 Million |
| 2025 | 20.64% | 13.20% | 0.67x | 2.34x | GBX30.07 Million |
Industry Comparison
This section compares Trainline Plc's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $195,910,250
- Average return on equity (ROE) among peers: 4.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trainline Plc (TRN) | GBX250.28 Million | -11.06% | 1.81x | $11.14 Million |
| Carnival PLC (CCL) | $635.50 Million | 24.04% | 0.48x | $35.04 Million |
| Jet2 PLC (JET2) | $9.60 Million | 16.93% | 1.58x | $25.72 Million |
| On The Beach Group PLC (OTB) | $117.60 Million | 18.28% | 1.14x | $2.89 Million |
| Ten Lifestyle Group PLC (TENG) | $20.95 Million | -39.44% | 0.64x | $1.01 Million |
About Trainline Plc
Trainline plc engages in the operation of an independent rail and coach travel platform that sells rail and coach tickets worldwide. It operates in three segments: UK Consumer, International Consumer, and Trainline Solutions. The UK Consumer segment provides travel apps and websites for individual travelers for journeys within the United Kingdom. Its International Consumer segment offers travel a… Read more