Angling Direct Plc (ANG) AI Stock Analysis

• Market Cap: £32.86M
• Dividend Yield: N/A
• Average Volume (3M): 32.40K
• Price to Earnings (P/E): 26.1
• Beta (1Y): -0.14
• Revenue Growth: 11.86%
• EPS Growth: 16.46%
• Country: UK
• Employees: 452
• Sector: Consumer Cyclical
• Sector Strength: 66
• Industry: Specialty Retail
• EPS (TTM): >-0.01
• Shares Outstanding: 73,014,305
• 10 Day Avg. Volume: 46,404
• 30 Day Avg. Volume: 32,400
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: £49.00
• Price Target Upside: 2.08% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 66 Neutral
• Price Target: 49.00p ▲(2.08% Upside)

Angling Direct Plc's overall stock score is driven primarily by its strong financial performance, characterized by robust revenue growth and prudent financial management. However, technical indicators suggest the stock may be overbought, and the high P/E ratio indicates a relatively expensive valuation. The absence of earnings call data and corporate events means these factors do not influence the score.

Angling Direct Plc Business Overview & Revenue Model

Company Description

Angling Direct Plc (ANG) is a leading retailer of fishing tackle and equipment in the United Kingdom. The company specializes in offering a wide range of angling products, including rods, reels, bait, clothing, and accessories, catering to both amateur and professional anglers. With a strong focus on customer service and expert advice, Angling Direct has established itself as a trusted brand within the fishing community. The company operates a network of physical retail stores across the UK, along with a comprehensive online platform, allowing customers to shop for their angling needs conveniently.

How the Company Makes Money

Angling Direct Plc makes money primarily through the sale of fishing tackle and equipment via its retail and online channels. The company's revenue model is centered around direct sales to consumers through its network of physical stores and its e-commerce website. Angling Direct benefits from key revenue streams such as product sales of fishing rods, reels, bait, clothing, and other angling accessories. The company may also generate income through exclusive product lines and private label brands, enhancing profit margins. Additionally, strategic partnerships with leading fishing tackle manufacturers and suppliers enable Angling Direct to offer a diverse and competitive product range, further contributing to its earnings. The company's focus on exceptional customer service and expert advice helps to drive repeat business and customer loyalty, underpinning its financial performance.

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. Continued focus on capital efficiency and profitability enhancement will be key to sustaining growth.

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 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	91.34M	91.34M	81.66M	74.10M	72.47M	67.58M
Gross Profit	33.05M	33.05M	28.50M	22.30M	23.69M	20.45M
EBITDA	3.52M	6.88M	5.86M	4.27M	6.42M	4.18M
Net Income	1.43M	1.43M	1.22M	539.00K	3.08M	2.42M
Balance Sheet
Total Assets	64.34M	64.34M	59.92M	58.06M	58.08M	50.62M
Cash, Cash Equivalents and Short-Term Investments	12.06M	12.06M	15.77M	14.13M	16.60M	15.00M
Total Debt	12.86M	12.86M	11.56M	11.54M	11.05M	10.19M
Total Liabilities	24.92M	24.92M	21.39M	20.77M	21.66M	17.48M
Stockholders Equity	39.42M	39.42M	38.52M	37.29M	36.41M	33.15M
Cash Flow
Free Cash Flow	207.00K	-275.00K	3.55M	-757.00K	3.23M	5.22M
Operating Cash Flow	3.88M	3.88M	6.48M	1.55M	4.76M	6.94M
Investing Cash Flow	-4.88M	-4.88M	-2.93M	-2.30M	-1.52M	-1.77M
Financing Cash Flow	-2.61M	-2.61M	-1.83M	-1.72M	-1.63M	3.85M

Angling Direct Plc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 48.00
• 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 48 is above the 20-day moving average (MA) of 45.80, above the 50-day MA of 46.42, and above the 200-day MA of 41.11, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 74.26 is Negative, neither overbought nor oversold. The STOCH value of 72.81 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
MRK	69 Neutral	£63.49M	―	-11.56%	1.59%	2.55%	-445.00%
PROC	69 Neutral	£46.42M	46.09	11.06%	―	11.04%	64.29%
ANG	66 Neutral	£32.86M	26.09	3.66%	―	11.86%	16.46%
Sector *	62 Neutral	£1.74B	9.21	4.55%	3.51%	0.65%	-43.22%
G4M	62 Neutral	£53.07M	63.73	2.14%	―	1.62%	28.06%
WRKS	58 Neutral	£29.38M	3.41	63.08%	―	-1.96%	28.69%
SOS	42 Neutral	£13.65M	72.73	-3.01%	―	-19.76%	4.35%

Angling Direct Plc Corporate Events

Angling Direct Executes Share Buyback Program

Angling Direct PLC has executed a share buyback program, purchasing 25,000 of its ordinary shares at 44.0 pence each, which will be held in treasury. This move, aligned with their December 2024 announcement, impacts the company’s total voting rights, now consisting of 73,089,304 shares, and may influence shareholder interest notifications under FCA rules.

Angling Direct Executes Share Buyback Program

Angling Direct PLC has executed a share buyback program, purchasing 25,000 of its ordinary shares at 44.0 pence each, which will be held in treasury. This move is part of the company’s strategy to manage its share capital and could potentially impact shareholder value by reducing the number of shares carrying voting rights to 73,114,304. The buyback aligns with regulatory frameworks and reflects Angling Direct’s ongoing efforts to optimize its financial structure.

Angling Direct Executes Share Buyback Programme

Angling Direct PLC has executed a share buyback programme, purchasing 65,000 of its ordinary shares at 44.0 pence each, which will be held in treasury. This move reflects the company’s strategic financial management, potentially enhancing shareholder value and impacting its market positioning by reducing the number of shares with voting rights to 73,139,304.

Angling Direct Executes Share Buyback Program

Angling Direct PLC has executed a share buyback program, purchasing 20,000 ordinary shares at 44.0 pence each, to be held in treasury. This move is part of a previously announced strategy and reflects the company’s ongoing commitment to managing its capital structure effectively. The buyback reduces the number of shares with voting rights to 73,204,304, which could impact shareholder calculations under FCA rules.

Angling Direct Co-founder Martyn Page to Become Founder President

Angling Direct PLC announces a significant board change as co-founder Martyn Page transitions from his role as Non-executive Director to become Founder President, effective January 31, 2026. This move allows Page to continue influencing the company’s direction and community engagement while the board opts not to fill his director position, reflecting confidence in the current leadership structure.

Angling Direct PLC Releases Annual Report and AGM Notice

Angling Direct PLC has distributed its Annual Report and Accounts for the year ending January 31, 2025, along with the Notice of its Annual General Meeting (AGM) to shareholders. The AGM is scheduled for June 19, 2025, in Norwich, Norfolk. The documents are accessible on the company’s website, and the voting results will be published post-AGM. This announcement reinforces Angling Direct’s commitment to transparency and shareholder engagement, potentially impacting its market positioning positively.