Angling Direct Plc (ANG) AI Stock Analysis

• Market Cap: £38.70M
• Dividend Yield: N/A
• Average Volume (3M): 84.68K
• Price to Earnings (P/E): 21.1
• Beta (1Y): 0.03
• Revenue Growth: 17.79%
• EPS Growth: 18.96%
• Country: UK
• Employees: 452
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 0.03
• Shares Outstanding: 73,014,305
• 10 Day Avg. Volume: 113,107
• 30 Day Avg. Volume: 84,679
• PEG Ratio: 1.26
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.34
• P/FCF Ratio: -111.47
• 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: £67.00
• Price Target Upside: 26.42% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: 52.00p ▼(-1.89% Downside)

Angling Direct Plc's overall stock score is driven by strong financial performance and positive corporate events, indicating strategic growth and operational improvements. However, technical analysis shows bearish momentum, and valuation metrics suggest moderate attractiveness. The absence of earnings call data limits insights into future guidance.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion and market position.

Financial Stability

A strong equity base and low leverage enhance financial resilience, allowing the company to invest in growth opportunities and weather economic fluctuations.

Operational Efficiency

Efficient cost management through a strong gross profit margin supports sustainable profitability and competitive pricing strategies, enhancing long-term viability.

Negative Factors

Cash Flow Challenges

Declining free cash flow limits the company's ability to reinvest in growth and manage debt, potentially impacting future financial flexibility and stability.

Profitability Concerns

Low net profit margins indicate challenges in translating revenue growth into bottom-line profitability, which could hinder long-term financial performance.

Negative Free Cash Flow

Negative free cash flow highlights inefficiencies in capital expenditure, which could constrain future investments and operational improvements, affecting growth prospects.

Angling Direct Plc Business Overview & Revenue Model

Company Description

Angling Direct plc, together with its subsidiaries, engages in the retail of fishing tackle products and equipment in the United Kingdom, Germany, France, the Netherlands, and internationally. The company offers baits and additives, bait accessories, bait boats, bait boxes, bait making equipment, barrows and trolleys, bed chair accessories, bed chairs, bite alarms, bivvies and shelters, bivvy accessories, books, buckets and riddles, catapult spares, catapults, chairs, clothing, and cooking equipment. It also provides fish care and fly products, fly lines, fly storages, gift cards, indicators, lighting and line products, luggage products, lures, miscellaneous products, nets, pole supports, poles and whips, poles accessories, reels, rod and reel combos, rod pods, rod supports, rods, and scales. In addition, the company offers seat box accessories, seat boxes, sleeping bags and pillows, sunglasses, tackle boxes, terminal tackles, throwing sticks, tools, umbrellas, and waders and boots. It operates a network of 39 stores and 4 websites. Angling Direct plc was incorporated in 2004 and is headquartered in Norwich, the United Kingdom.

How the Company Makes Money

Angling Direct generates revenue primarily through the sale of fishing tackle and equipment across its retail and online channels. Its revenue model is largely based on direct sales of products to consumers, supplemented by online sales through its e-commerce platform. Key revenue streams include in-store sales, online transactions, and potential subscription services for fishing-related content or products. The company also benefits from partnerships with leading fishing brands, enhancing its product range and driving customer loyalty. Seasonal promotions and marketing campaigns contribute to increased sales during peak fishing times. Additionally, Angling Direct may explore opportunities for growth through international expansion and strategic acquisitions in the fishing retail sector.

Angling Direct Plc Financial Statement Overview

Summary

Angling Direct Plc shows robust revenue growth and operational improvements, with strong cost management reflected in the gross profit margin. The balance sheet indicates prudent financial management with low leverage and a high equity ratio, though cash flow challenges persist, particularly in generating free cash flow.

Income Statement

Angling Direct Plc has demonstrated strong revenue growth with a 21.0% increase from 2024 to 2025. The gross profit margin for 2025 is 36.2%, indicating efficient cost management. Despite a modest net profit margin of 1.6% in 2025, the EBIT margin improved to 2.2%, reflecting better operational efficiency. However, the EBITDA margin is at 7.5%, suggesting room for improvement in controlling non-operating expenses.

Balance Sheet

The company maintains a solid equity base with an equity ratio of 61.3% in 2025, indicating financial stability. The debt-to-equity ratio stands at 0.33, reflecting low leverage and prudent financial management. The return on equity is 3.6%, showing moderate profitability. However, there is a slight increase in net debt, which should be monitored closely.

Cash Flow

Free cash flow has declined significantly, leading to negative growth in 2025. The operating cash flow to net income ratio is 2.72, indicating strong cash conversion from earnings. However, the negative free cash flow to net income ratio suggests that the company needs to improve its capital expenditure efficiency.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	99.13M	91.34M	74.10M	81.66M	72.47M	67.58M
Gross Profit	36.63M	33.05M	22.30M	28.50M	23.69M	20.45M
EBITDA	4.42M	6.88M	4.27M	5.86M	6.42M	4.18M
Net Income	1.85M	1.43M	539.00K	1.22M	3.08M	2.42M
Balance Sheet
Total Assets	70.76M	64.34M	58.06M	59.92M	58.08M	50.62M
Cash, Cash Equivalents and Short-Term Investments	12.46M	12.06M	14.13M	15.77M	16.60M	15.00M
Total Debt	12.53M	12.86M	11.54M	11.56M	11.05M	10.19M
Total Liabilities	29.99M	24.92M	20.77M	21.39M	21.66M	17.48M
Stockholders Equity	40.77M	39.42M	37.29M	38.52M	36.41M	33.15M
Cash Flow
Free Cash Flow	-58.00K	-275.00K	-757.00K	3.55M	3.23M	5.22M
Operating Cash Flow	3.96M	3.88M	1.55M	6.48M	4.76M	6.94M
Investing Cash Flow	-4.42M	-4.88M	-2.30M	-2.93M	-1.52M	-1.77M
Financing Cash Flow	-3.99M	-2.61M	-1.72M	-1.83M	-1.63M	3.85M

Angling Direct Plc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 53.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ANG, the sentiment is Positive. The current price of 53 is above the 20-day moving average (MA) of 50.80, above the 50-day MA of 51.88, and above the 200-day MA of 46.72, indicating a bullish trend. The MACD of 0.53 indicates Negative momentum. The RSI at 72.78 is Negative, neither overbought nor oversold. The STOCH value of 79.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ANG.

Angling Direct Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
G4M	70 Outperform	£61.88M	15.04	10.36%	―	15.50%	314.96%
PROC	66 Neutral	£42.49M	31.93	18.64%	―	16.66%	147.92%
ANG	64 Neutral	£38.70M	21.12	4.56%	―	17.79%	18.96%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SOS	60 Neutral	£17.42M	-18.59	-5.63%	―	-1.65%	-454.55%
WRKS	60 Neutral	£21.31M	2.48	63.08%	―	-1.96%	28.69%
MRK	53 Neutral	£48.28M	-44.23	-9.68%	2.09%	-5.97%	14.75%

Angling Direct Plc Corporate Events

Angling Direct PLC Reports Strong H1 FY26 Results with Revenue and Margin Growth

Angling Direct PLC reported a strong financial performance for the first half of FY26, with a 17% increase in group revenue to £53.6 million and a 39.4% rise in adjusted EBITDA to £3.9 million. The company attributes its success to strategic progress, including the growth of its MyAD membership, expansion of its UK retail footprint, and investment in digital technology, which have driven both in-store and online sales. Despite challenges such as softer consumer demand and weather conditions affecting fisheries, Angling Direct remains confident in exceeding market expectations for FY26, with plans to continue its UK store roll-out and enhance its digital business.