if your cam chain jumped the teeth on your cam sprockets then yes it's out of timing...you would need to re-time the engine or should i say take the cams out and reinstall them in the correct position...it would also be wise to install a manual cam chain tensioner to help prevent this from happening to you in the future...thanks!!!
Looks jumped to me, you jumped the front cam. Make sure that the camchain guide is in good shape on both end thats usually why they will jump. I would pull both cams and inpsect the gears for damage, also if it did jump it MIGHT have tapped the valves. i would leak down it at the least, if it was mine i would pull the head and check the valves and pistons for damage and put in a manual adjuster and good guides and it should be fine