Time Out (TMO) AI Stock Analysis

• Market Cap: £103.62M
• Dividend Yield: N/A
• Average Volume (3M): 10.07K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.06
• Revenue Growth: -1.82%
• EPS Growth: 67.47%
• Country: UK
• Employees: 631
• Sector: Communication Services
• Sector Strength: 83
• Industry: Entertainment
• EPS (TTM): -0.02
• Shares Outstanding: 357,325,780
• 10 Day Avg. Volume: 11,551
• 30 Day Avg. Volume: 10,069
• PEG Ratio: -0.33
• Price to Book (P/B): 3.85
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.07K
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Time Out plc is showing operational improvements, particularly in cash flow generation, but still faces challenges with revenue growth and high leverage. Technically, the stock is in a downtrend, with negative momentum indicators. Valuation remains a concern due to negative earnings and lack of dividend. However, strategic expansions in Osaka and New York are promising and could drive future growth, balancing out some of the financial and technical challenges.

Time Out Business Overview & Revenue Model

Company Description

Time Out Group plc, together with its subsidiaries, engages in media and entertainment business. It operates through two segments, Time Out Market and Time Out Media. The Time Out Market segment operates bars; and engages in retail and events business activities. The Time Out Media segment engages in the sale of digital and print advertising; local marketing solutions, live events tickets, e-commerce transactions, and franchise activities. As of June 30, 2021, it operated in 331 cities in 59 countries. Time Out Group plc was founded in 1968 and is headquartered in London, the United Kingdom.

How the Company Makes Money

Time Out Group generates revenue through a diversified model that includes both media and hospitality streams. In the media sector, the company earns money through advertising, sponsorships, and partnerships across its digital platforms, print publications, and social media channels. These include display ads, branded content, and affiliate marketing links. In the hospitality sector, Time Out Market generates income from leasing space to food and beverage vendors, ticketed events, and branded merchandise sales. The synergy between its media and market operations allows Time Out to leverage its brand and audience reach, creating opportunities for cross-promotion and enhanced revenue potential.

Time Out Financial Statement Overview

Summary

Time Out is showing signs of operational improvement with better margins and cash flow generation. However, the company is still facing challenges with revenue growth and high leverage, which could pose risks if not managed properly. Positive trends in operational cash flow suggest potential for recovery if revenue growth can be achieved.

Income Statement

The company's gross profit margin improved slightly to 62.8% in 2024 from 59.1% in 2023, indicating better cost management. However, the net profit margin remains negative, with a narrower net loss of -4.4% compared to -25% in 2023. Revenue growth is negative at -1.46%, showing a slight decline in revenue year-over-year. The EBIT margin is still negative but has improved significantly, indicating a move toward operational efficiency.

Balance Sheet

The debt-to-equity ratio increased to 2.17 in 2024, up from 1.76 in 2023, reflecting higher financial leverage. Return on equity remains negative due to net losses, but the equity position is relatively stable. The equity ratio has decreased slightly to 24.5% from 29.7%, indicating a higher proportion of liabilities.

Cash Flow

Operating cash flow has improved significantly, turning positive and increasing to 9.68 million in 2024 from 3.27 million in 2023. However, free cash flow remains negative due to high capital expenditures. The operating cash flow to net income ratio is strong, indicating good cash generation relative to net income.

Breakdown
Jun 2024	Jun 2023	Jun 2022	Dec 2019
Income Statement		Total Revenue
103.11M	104.64M	72.93M	77.14M
	Gross Profit
64.73M	61.89M	44.58M	46.43M
	EBIT
-6.00K	-17.49M	-14.14M	-13.36M
	EBITDA
8.60M	-6.25M	-2.95M	-1.64M
	Net Income Common Stockholders
-4.59M	-26.12M	-19.56M	-18.35M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
5.90M	5.09M	4.85M	13.42M
	Total Assets
117.62M	104.81M	120.75M	178.06M
	Total Debt
62.72M	54.75M	49.40M	75.73M
	Net Debt
56.82M	49.65M	44.55M	62.31M
	Total Liabilities
88.82M	73.67M	65.43M	100.17M
	Stockholders Equity
28.85M	31.15M	55.34M	82.77M
Cash Flow		Free Cash Flow
-965.00K	403.00K	-8.95M	-31.67M
	Operating Cash Flow
9.68M	3.27M	-7.04M	-3.58M
	Investing Cash Flow
-10.59M	-2.80M	-1.91M	-28.04M
	Financing Cash Flow
1.80M	-109.00K	-5.49M	20.79M

Time Out Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 29.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TMO, the sentiment is Negative. The current price of 29 is below the 20-day moving average (MA) of 30.80, below the 50-day MA of 32.56, and below the 200-day MA of 46.14, indicating a bearish trend. The MACD of -1.03 indicates Positive momentum. The RSI at 23.42 is Positive, neither overbought nor oversold. The STOCH value of 9.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:TMO.

Time Out Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AEO	70 Outperform	£5.09M	16.20	11.05%	5.71%	6.47%	-10.00%
Sector *	60 Neutral	$14.09B	6.90	-3.35%	3.68%	2.44%	-36.27%
TMO	53 Neutral	£103.62M	―	-24.18%	―	-1.82%	67.47%
EMAN	53 Neutral	£36.47M	―	-21.11%	―	17.96%	-216.22%
ZIN	46 Neutral	£15.06M	―	-12.15%	―	-19.68%	―

Time Out Corporate Events

Time Out Group Updates Total Voting Rights

Time Out Group plc announced an update on its total voting rights following the issuance of 10,000 ordinary shares. As of April 30, 2025, the company’s issued share capital consists of 357,325,783 shares, each carrying one voting right. This information is crucial for shareholders to determine their interest in the company under the Financial Conduct Authority’s Disclosure and Transparency Rules.

Spark’s Take on GB:TMO Stock

According to Spark, TipRanks’ AI Analyst, GB:TMO is a Neutral.

Time Out plc is showing operational improvements, particularly in cash flow generation, but still faces challenges with revenue growth and high leverage. Technically, the stock is in a downtrend, with negative momentum indicators. Valuation remains a concern due to negative earnings and lack of dividend. However, strategic expansions in Osaka and New York are promising and could drive future growth, balancing out some of the financial and technical challenges.

To see Spark’s full report on GB:TMO stock, click here.

Time Out Group Expands Global Footprint with Osaka Market Launch

Time Out Group plc has announced the opening of Time Out Market Osaka, its first market in Asia and eleventh globally. Located in the Grand Green Osaka development, the market features 17 kitchens and two bars, showcasing local culinary talent, and is strategically timed to coincide with Expo 2025 in Osaka, expected to draw over 28 million visitors. This expansion is part of Time Out’s strategy to enhance synergies between its media and market operations in the APAC region, further solidifying its presence and influence in the global market.

Time Out Group to Open Second New York Market in Union Square

Time Out Group plc has announced a new lease agreement to open a Time Out Market in New York City’s Union Square, set to open in autumn 2025. This will be the company’s second market in New York, following the success of its Brooklyn location. The new market will feature a curated mix of culinary talents and cultural experiences, spanning 10,000 sq ft with seven kitchens, a bar, and a stage. Unlike other markets under management agreements, this will be an Owned & Operated Market, allowing Time Out to receive 100% of site profits. This expansion aligns with the company’s strategy to increase its market presence globally, aiming for 40 to 50 market sites in top cities worldwide, and highlights the potential for significant revenue growth and synergies with its media business.

Time Out Group Reports Mixed Interim Results and Secures Growth Capital

Time Out Group plc reported its unaudited interim results for the six months ending December 2024, showing a 3% decline in overall revenue but a 12% growth in market net revenue. The company anticipates better performance in the second half of the year post-UK and US elections, with strong opportunities in the media segment and operational synergies expected to boost profitability. Time Out secured a £5 million convertible loan note to support its growth strategy, with new market openings in Barcelona and Bahrain, and plans for further expansions. The Group is optimistic about meeting EBITDA expectations by the end of June 2025, driven by a robust pipeline of media deals and new market sites.