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Applied Nutrition PLC
(LSE:APN)
Select Model
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Rating:78Outperform
Price Target:
377.00 p
▲(62.85% Upside)
Action:Reiterated
Date:06/04/26
The score is driven primarily by strong financial performance (rapid growth, solid profitability, low leverage, and strong free cash flow). Technicals are positive but tempered by overbought signals that elevate near-term risk. Valuation is moderately constraining due to a higher P/E and no available dividend yield.
Positive Factors
Sustained Revenue Growth
Multi-year revenue growth from £35.0m to £107.1m demonstrates persistent demand and successful scaling of the business model. Sustained top-line expansion provides capacity for margin improvement, fixed-cost absorption, and strategic reinvestment, supporting durable earnings power over 2–6 months and beyond.
Negative Factors
Recent Margin Softening
A modest decline in net margin suggests emerging cost pressures or mix shifts as the company scales. If persistent, this could erode the company’s strong profitability profile, reduce free cash flow conversion, and require price increases or efficiency measures to restore prior margin levels over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Multi-year revenue growth from £35.0m to £107.1m demonstrates persistent demand and successful scaling of the business model. Sustained top-line expansion provides capacity for margin improvement, fixed-cost absorption, and strategic reinvestment, supporting durable earnings power over 2–6 months and beyond.
Read all positive factors
Applied Nutrition PLC (APN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£837.50M
Dividend YieldN/A
Average Volume (3M)256.26K
Price to Earnings (P/E)29.9
Beta (1Y)0.70
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees270
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.11
Shares Outstanding250,000,000
10 Day Avg. Volume266,481
30 Day Avg. Volume256,256
Financial Highlights & Ratios
PEG Ratio1.18
Price to Book (P/B)6.03
Price to Sales (P/S)3.06
P/FCF Ratio21.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£337.50Price Target Upside45.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.12
Revenue Forecast (FY)£148.93M
Applied Nutrition PLC Business Overview & Revenue Model
Company Description
Applied Nutrition Plc, established in 2014 and based in Liverpool, United Kingdom, specializes in the international manufacture, wholesale, and retail of sports nutritional products. Its comprehensive product portfolio includes a diverse array of ...
How the Company Makes Money
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Applied Nutrition PLC Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 134.00M | 107.10M | 86.15M | 60.78M | 35.03M |
| Gross Profit | 60.40M | 48.20M | 40.38M | 26.51M | 13.61M |
| EBITDA | 38.90M | 29.70M | 25.38M | 18.61M | 10.42M |
| Net Income | 27.60M | 21.10M | 18.65M | 13.82M | 8.21M |
Balance Sheet | |||||
| Total Assets | 98.90M | 75.00M | 59.65M | 40.62M | 22.11M |
| Cash, Cash Equivalents and Short-Term Investments | 26.40M | 18.50M | 18.72M | 12.73M | 5.40M |
| Total Debt | 3.10M | 3.00M | 1.80M | 2.06M | 1.13M |
| Total Liabilities | 29.30M | 20.70M | 11.63M | 11.87M | 7.24M |
| Stockholders Equity | 69.60M | 54.30M | 48.02M | 28.75M | 14.87M |
Cash Flow | |||||
| Free Cash Flow | 16.30M | 15.20M | 6.28M | 7.62M | 6.20M |
| Operating Cash Flow | 17.20M | 16.20M | 7.32M | 8.59M | 6.49M |
| Investing Cash Flow | -900.00K | -1.00M | -407.00K | -989.00K | -267.00K |
| Financing Cash Flow | -800.00K | -15.10M | -339.00K | -217.00K | -8.98M |
Applied Nutrition PLC Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £837.50M | 29.94 | 44.55% | ― | ― | ― | |
75 Outperform | £2.94B | 18.78 | 14.99% | 2.06% | 9.52% | 18.08% | |
74 Outperform | £1.67B | 12.45 | 15.61% | 1.62% | 2.31% | 9.04% | |
68 Neutral | £14.04B | 15.31 | 8.44% | 2.98% | -2.16% | -24.87% | |
65 Neutral | £2.49B | 25.25 | 6.17% | 5.27% | 15.55% | 42.40% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | £1.73B | 69.94 | 0.73% | 0.79% | 25.76% | -73.03% |
* Consumer Defensive Sector Average
GB:APN
Applied Nutrition PLC
330.50
202.50
158.20%
GB:ABF
Associated British Foods
2,052.00
-63.04
-2.98%
GB:CWK
Cranswick
5,520.00
397.89
7.77%
GB:PFD
Premier Foods
191.30
5.58
3.00%
GB:TATE
Tate & Lyle
560.50
56.93
11.31%
GB:GNC
Greencore
218.20
-17.29
-7.34%
Applied Nutrition PLC Corporate Events
Business Operations and StrategyExecutive/Board Changes
Applied Nutrition Non-Executive Director Takes Role at Beauty Tech Group
Positive
Jun 30, 2026
Applied Nutrition PLC has noted a change in its board commitments, announcing that non-executive director Marnie Millard will join The Beauty Tech Group PLC as a non-executive director from 1 July 2026. The appointment underscores the cross-sector...
Regulatory Filings and Compliance
Applied Nutrition CFO Disposes of 550,000 Shares in Market-Regulated Trade
Neutral
Jun 4, 2026
Applied Nutrition plc has disclosed a share transaction involving its chief financial officer, Joe Pollard, in line with market abuse regulations. The company reported that Pollard, classified as a person discharging managerial responsibilities, h...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsProduct-Related Announcements
Applied Nutrition lifts outlook, buys U.S. plant and seals Mondelēz tie-up
Positive
Jun 1, 2026
Applied Nutrition plc has upgraded its guidance for the year to 31 July 2026, now forecasting revenue of about £148 million with EBITDA margins in line with market expectations, reflecting strong trading momentum. The company signalled that c...
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.