Angling Direct Plc (ANG) AI Stock Analysis

• Market Cap: £38.70M
• Dividend Yield: N/A
• Average Volume (3M): 84.68K
• Price to Earnings (P/E): 21.1
• Beta (1Y): -0.18
• 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: 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: £67.00
• Price Target Upside: 25.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: 49.00p ▼(-8.41% Downside)

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 is a leading specialist retailer in the fishing tackle and equipment sector in the UK. The company operates both physical retail stores and an extensive online platform, offering a wide range of products including fishing rods, reels, baits, tackle, clothing, and accessories. Angling Direct caters to various fishing disciplines, serving both amateur enthusiasts and professional anglers. With a commitment to providing quality products and customer service, the company also engages in product innovation and development to enhance its offerings.

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 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: 53.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 53.13, above the 50-day MA of 51.41, and above the 200-day MA of 44.25, indicating a bullish trend. The MACD of 0.57 indicates Positive momentum. The RSI at 58.24 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 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
ANG	66 Neutral	£38.70M	21.12	4.56%	―	17.79%	18.96%
G4M	63 Neutral	£62.09M	74.56	2.14%	―	1.62%	28.06%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
PROC	60 Neutral	£36.72M	36.63	11.06%	―	11.04%	64.29%
MRK	57 Neutral	£52.47M	-36.23	-11.56%	1.92%	2.55%	-445.00%
WRKS	55 Neutral	£28.00M	3.25	63.08%	―	-1.96%	28.69%
SOS	51 Neutral	£18.24M	-34.09	-3.01%	―	-19.76%	4.35%

Angling Direct Plc Corporate Events

Angling Direct PLC Reports Strong H1 FY26 Results with Revenue and Margin Growth

Angling Direct PLC reported a strong financial performance for the first half of FY26, with a 17% increase in group revenue to £53.6 million and a 39.4% rise in adjusted EBITDA to £3.9 million. The company attributes its success to strategic progress, including the growth of its MyAD membership, expansion of its UK retail footprint, and investment in digital technology, which have driven both in-store and online sales. Despite challenges such as softer consumer demand and weather conditions affecting fisheries, Angling Direct remains confident in exceeding market expectations for FY26, with plans to continue its UK store roll-out and enhance its digital business.

The most recent analyst rating on (GB:ANG) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Angling Direct Plc stock, see the GB:ANG Stock Forecast page.

Angling Direct Reports Strong Revenue Growth in H1 2026

Angling Direct plc reported a strong performance in the first half of its 2026 financial year, with a 17% increase in total revenue to £53.6m. The company’s UK business saw significant growth in both retail and online sales, supported by the expansion of its MyAD customer loyalty club and new store openings. In Europe, the Utrecht store marked its first full year of trading, contributing to increased customer visits and sales in key markets like Germany and the Netherlands. Despite a decrease in net cash due to strategic investments, Angling Direct remains confident in achieving its medium-term revenue target of £100m, supported by a strong balance sheet and ongoing store expansion.

The most recent analyst rating on (GB:ANG) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Angling Direct Plc stock, see the GB:ANG Stock Forecast page.

Angling Direct Reports Strong H1 2026 Revenue Growth

Angling Direct reported a strong performance for the first half of 2026, with a 17% increase in total revenue to £53.6 million. The company saw significant growth in UK retail and online sales, driven by its expanding customer base and the success of its MyAD loyalty program. The company opened new stores in Chester and Bradford, bringing the total to 55 stores across England and Wales. In Europe, the Utrecht store marked its first anniversary with increased customer visits, while the digital business focused on Germany and the Netherlands. Despite a decrease in net cash due to investments, Angling Direct remains confident in meeting its medium-term revenue target of £100 million.

The most recent analyst rating on (GB:ANG) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Angling Direct Plc stock, see the GB:ANG Stock Forecast page.

Angling Direct Executes Share Buyback Program

Angling Direct PLC has executed a share buyback program, purchasing 75,000 of its ordinary shares at 44.0 pence each. This move, conducted through Singer Capital Markets, reflects the company’s strategic financial management and could potentially impact shareholder value by reducing the number of shares carrying voting rights to 73,014,304.

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.