Angling Direct Plc (ANG) AI Stock Analysis

• Market Cap: £39.06M
• Dividend Yield: N/A
• Average Volume (3M): 84.68K
• Price to Earnings (P/E): 21.3
• Beta (1Y): 0.02
• 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): 0.03
• Revenue Forecast (FY): £109.08M

• Rating: 64 Neutral
• Price Target: 58.00p ▲(8.41% Upside)
• Action: Reiterated Date: 12/07/25
• Date: Action: Reiterated 12/07/25

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

Sustained Revenue Momentum

Double-digit revenue growth and strong adjusted EBITDA expansion reflect expanding market share and successful execution of strategic initiatives. Retail footprint expansion and digital investment suggest durable omni-channel sales growth and structural capacity to convert demand into revenue.

Healthy Gross Margin

A 36.2% gross margin signals durable product-level profitability and potential pricing power or favourable supplier terms. Combined with private-label sales and a product mix skew toward consumables, this supports long-term margin sustainability if procurement and mix are maintained.

Prudent Capital Structure

A strong equity base and low leverage provide financial resilience against seasonal retail volatility and fund strategic investments. This conservative balance sheet supports expansion and cushions against demand shocks without excessive refinancing risk.

Negative Factors

Declining Free Cash Flow

Significantly weaker free cash flow reduces the company's ability to self-fund expansion, pay down debt, or return capital. Over several quarters this can force external financing, constrain strategic flexibility, and magnify risks from any operating setbacks.

Low Net Profitability

A modest net margin leaves limited buffer for rising costs or demand softness and constrains retained earnings for reinvestment. Over the medium term, low profitability can slow ROE improvement and limit capacity to scale marketing, stores, or digital capabilities.

Rising Net Debt Signal

A rising net debt trend, even if small, erodes the leverage cushion provided by a strong equity ratio. Coupled with negative free cash flow and modest margins, growing net debt could pressure liquidity or raise financing costs over the coming quarters.

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. 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	Jan 2025	Jan 2023	Jan 2022	Jan 2021	Jan 2020
Income Statement
Total Revenue	99.13M	91.34M	81.66M	72.47M	67.58M	53.18M
Gross Profit	36.63M	33.05M	28.50M	23.69M	20.45M	14.69M
EBITDA	4.42M	6.88M	5.86M	6.42M	4.18M	732.00K
Net Income	1.85M	1.43M	1.22M	3.08M	2.42M	-1.31M
Balance Sheet
Total Assets	70.76M	64.34M	59.92M	58.08M	50.62M	42.70M
Cash, Cash Equivalents and Short-Term Investments	12.46M	12.06M	15.77M	16.60M	15.00M	5.98M
Total Debt	12.53M	12.86M	11.56M	11.05M	10.19M	10.52M
Total Liabilities	29.99M	24.92M	21.39M	21.66M	17.48M	17.21M
Stockholders Equity	40.77M	39.42M	38.52M	36.41M	33.15M	25.49M
Cash Flow
Free Cash Flow	-58.00K	-275.00K	3.55M	3.23M	5.22M	-3.93M
Operating Cash Flow	3.96M	3.88M	6.48M	4.76M	6.94M	-953.00K
Investing Cash Flow	-4.42M	-4.88M	-2.93M	-1.52M	-1.77M	-5.45M
Financing Cash Flow	-3.99M	-2.61M	-1.83M	-1.63M	3.85M	-1.16M

Angling Direct Plc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 53.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• 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 above the 20-day moving average (MA) of 51.90, above the 50-day MA of 53.05, and above the 200-day MA of 50.44, indicating a bullish trend. The MACD of -0.19 indicates Negative momentum. The RSI at 62.91 is Neutral, neither overbought nor oversold. The STOCH value of 65.40 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
PETS	74 Outperform	£850.83M	11.44	7.90%	6.51%	-1.35%	-12.67%
G4M	70 Outperform	£60.41M	14.85	10.36%	―	15.50%	314.96%
HFD	67 Neutral	£307.21M	-9.13	-6.44%	6.30%	3.31%	-340.97%
DNLM	65 Neutral	£1.91B	12.78	121.78%	3.99%	3.78%	3.29%
ANG	64 Neutral	£39.06M	21.35	4.56%	―	17.79%	18.96%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
WRKS	61 Neutral	£25.50M	2.77	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.