Angling Direct Plc (ANG) AI Stock Analysis

• Market Cap: £40.16M
• Dividend Yield: N/A
• Average Volume (3M): 84.68K
• Price to Earnings (P/E): 21.9
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: 59.00p ▲(10.28% Upside)

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

Sustained double-digit revenue growth shows expanding market share and strong demand for Angling Direct's omnichannel retail model. Over 2-6 months this underpins reinvestment capacity, supports scaling fixed-cost absorption across stores and e-commerce, and validates strategic initiatives.

Gross Profit Margin

A healthy 36.2% gross margin indicates effective sourcing and pricing, including benefits from private-label products. This margin provides a structural buffer to fund marketing, digital investment and store operations, helping sustain profitability despite industry cost pressures over the medium term.

Balance Sheet Strength

Low leverage and a strong equity base offer durable financial flexibility for store expansion, technology investment and working capital management. This prudent structure reduces refinancing risk and supports strategic moves without immediate dependence on external capital markets.

Negative Factors

Free Cash Flow Decline

A meaningful drop to negative free cash flow weakens the company's ability to self-fund capex and inventory growth. Persisting FCF weakness over months can force higher external financing, constrain investment in digital/store rollouts, and raise liquidity and execution risk.

Low Net Profit Margin

A 1.6% net margin leaves limited retained earnings and little cushion against demand shocks or cost inflation. Despite revenue gains, constrained bottom-line conversion can restrict reinvestment, slow deleveraging, and keep ROE muted, affecting long-term capital-return potential.

Rising Net Debt (Monitoring)

A rising net debt signal, even if slight, is concerning alongside negative FCF and modest margins. Over 2-6 months this trend could erode the low-leverage buffer, increase interest exposure and limit funding flexibility for store and digital investments, raising strategic execution risk.

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: 53.50
• 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 53.5 is below the 20-day moving average (MA) of 53.85, above the 50-day MA of 52.10, and above the 200-day MA of 48.02, indicating a bullish trend. The MACD of 0.87 indicates Negative momentum. The RSI at 87.35 is Negative, neither overbought nor oversold. The STOCH value of 75.00 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
DNLM	75 Outperform	£1.92B	12.30	121.78%	3.99%	3.78%	3.29%
PETS	74 Outperform	£889.96M	11.91	7.90%	6.51%	-1.35%	-12.67%
G4M	70 Outperform	£66.71M	16.37	10.36%	―	15.50%	314.96%
HFD	67 Neutral	£315.49M	-9.36	-6.44%	6.30%	3.31%	-340.97%
ANG	64 Neutral	£40.16M	21.91	4.56%	―	17.79%	18.96%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
WRKS	60 Neutral	£21.31M	2.48	63.08%	―	-1.96%	28.69%

Angling Direct Plc Corporate Events

Angling Direct Extends Share Buyback Programme to 2026

Angling Direct plc has announced an extension of its £4.0 million share buyback programme, initially launched in December 2024, to now conclude in December 2026. This extension allows the company to utilize the remaining £2.265 million of the programme for further share repurchases, reflecting its strategic capital allocation policy. The programme’s continuation is managed by Singer Capital Markets under specific parameters, and the company retains the right to terminate it under certain conditions. This move underscores Angling Direct’s commitment to enhancing shareholder value and optimizing its capital structure.

The most recent analyst rating on (GB:ANG) stock is a Hold with a £52.00 price target. To see the full list of analyst forecasts on Angling Direct Plc stock, see the GB:ANG Stock Forecast page.