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Angling Direct Plc (GB:ANG)
:ANG
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Angling Direct Plc (ANG) AI Stock Analysis

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GB:ANG

Angling Direct Plc

(LSE:ANG)

Rating:65Neutral
Price Target:
49.00p
▲(7.69%Upside)
The overall score is driven by strong corporate events, notably share buybacks and strong FY25 results, which underscore management's strategic capabilities. Financial performance is also solid, with revenue growth and cost management strengths. However, technical indicators suggest potential bearish momentum, and valuation metrics show the stock is moderately priced.

Angling Direct Plc (ANG) vs. iShares MSCI United Kingdom ETF (EWC)

Angling Direct Plc Business Overview & Revenue Model

Company DescriptionAngling 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 MoneyAngling 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.
Income Statement
75
Positive
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
72
Positive
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
68
Positive
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.
BreakdownMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue91.34M81.66M74.10M72.47M67.58M
Gross Profit33.05M28.50M22.30M23.69M20.45M
EBITDA6.88M5.86M4.27M6.42M4.18M
Net Income1.43M1.22M539.00K3.08M2.42M
Balance Sheet
Total Assets64.34M59.92M58.06M58.08M50.62M
Cash, Cash Equivalents and Short-Term Investments12.06M15.77M14.13M16.60M15.00M
Total Debt12.86M11.56M11.54M11.05M10.19M
Total Liabilities24.92M21.39M20.77M21.66M17.48M
Stockholders Equity39.42M38.52M37.29M36.41M33.15M
Cash Flow
Free Cash Flow-275.00K3.55M-757.00K3.23M5.22M
Operating Cash Flow3.88M6.48M1.55M4.76M6.94M
Investing Cash Flow-4.88M-2.93M-2.30M-1.52M-1.77M
Financing Cash Flow-2.61M-1.83M-1.72M-1.63M3.85M

Angling Direct Plc Technical Analysis

Technical Analysis Sentiment
Negative
Last Price45.50
Price Trends
50DMA
47.09
Negative
100DMA
42.41
Positive
200DMA
40.38
Positive
Market Momentum
MACD
-0.34
Positive
RSI
35.04
Neutral
STOCH
53.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ANG, the sentiment is Negative. The current price of 45.5 is below the 20-day moving average (MA) of 46.00, below the 50-day MA of 47.09, and above the 200-day MA of 40.38, indicating a neutral trend. The MACD of -0.34 indicates Positive momentum. The RSI at 35.04 is Neutral, neither overbought nor oversold. The STOCH value of 53.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:ANG.

Angling Direct Plc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
£36.56M4.5363.08%0.16%287.23%
66
Neutral
£64.02M-11.56%1.59%2.55%-445.00%
65
Neutral
£33.28M24.733.66%11.86%16.46%
62
Neutral
£51.81M64.992.14%-3.30%
62
Neutral
£49.90M50.0011.06%5.35%
58
Neutral
£14.89M72.73-3.01%-7.70%-45.00%
57
Neutral
HK$25.10B4.09-2.03%5.85%-0.24%-68.05%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:ANG
Angling Direct Plc
45.50
9.50
26.39%
GB:G4M
Gear4music (Holdings)
257.00
75.50
41.60%
GB:SOS
Sosandar PLC
6.00
-2.50
-29.41%
GB:WRKS
TheWorks.co.uk plc
58.50
34.55
144.26%
GB:MRK
Marks Electrical Group Plc
60.50
-3.92
-6.09%
GB:PROC
ProCook Group PLC
46.00
21.00
84.00%

Angling Direct Plc Corporate Events

Stock BuybackBusiness Operations and Strategy
Angling Direct Executes Share Buyback Programme
Positive
Jul 25, 2025

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.

Stock BuybackBusiness Operations and Strategy
Angling Direct Executes Share Buyback Program
Neutral
Jul 24, 2025

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.

Executive/Board Changes
Angling Direct Co-founder Martyn Page to Become Founder President
Neutral
Jun 24, 2025

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.

Shareholder MeetingsFinancial Disclosures
Angling Direct PLC Releases Annual Report and AGM Notice
Positive
May 21, 2025

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.

Stock BuybackBusiness Operations and Strategy
Angling Direct Executes Share Buyback Program
Positive
May 16, 2025

Angling Direct PLC has executed a share buyback program, purchasing 150,000 ordinary shares at an average price of 40.8333 pence per share. This strategic move, conducted through Singer Capital Markets, is part of the company’s previously announced plans and impacts the total voting rights, now standing at 73,224,304 shares. This buyback reflects Angling Direct’s commitment to enhancing shareholder value and optimizing its capital structure.

Stock BuybackBusiness Operations and Strategy
Angling Direct Executes Share Buyback Program
Positive
May 15, 2025

Angling Direct PLC has executed a share buyback program, purchasing 125,000 ordinary shares at an average price of 40.872 pence per share. These shares will be held in treasury, impacting the total voting rights and share capital structure of the company. This move is part of the company’s strategic financial management, potentially enhancing shareholder value and reflecting confidence in the company’s future prospects.

Stock BuybackBusiness Operations and Strategy
Angling Direct Executes Share Buyback of 50,000 Shares
Neutral
May 14, 2025

Angling Direct PLC has announced the purchase of 50,000 ordinary shares at 40.8 pence each as part of its share buyback program. This move, executed through Singer Capital Markets, reflects the company’s strategic efforts to manage its share capital and potentially enhance shareholder value. The total number of shares carrying voting rights now stands at 73,499,304, which may impact shareholder calculations under FCA rules.

Business Operations and StrategyFinancial Disclosures
Angling Direct Reports Strong FY25 Results with Record UK Sales
Positive
May 13, 2025

Angling Direct PLC reported a strong financial performance for the fiscal year ending January 2025, with a revenue increase of 11.9% to £91.3 million. The UK market showed record sales driven by both retail and online growth, while European sales also rose by 14.1%. The company expanded its UK store footprint and opened its first European store in the Netherlands. The MyAD Fishing Club saw significant membership growth, enhancing customer loyalty. The company remains focused on achieving its medium-term financial objectives, despite external challenges such as inflationary pressures.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 25, 2025