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Angling Direct Plc
(LSE:ANG)
Select Model
Select Model
Rating:64Neutral
Price Target:
57.00 p
â–²(6.54% Upside)
Action:Reiterated
Date:08/28/26
The score is driven primarily by stable and improving fundamentals (accelerating revenue growth, better profitability, and conservative leverage), tempered by inconsistent free-cash-flow generation. Technically, the uptrend is supportive but looks overextended (high RSI/Stoch), while valuation appears only fair at ~18.5x earnings without a stated dividend yield.
Positive Factors
Accelerating revenue growth
Renewed revenue acceleration indicates improving customer demand and market reach. For a specialist omnichannel retailer, sustained sales growth can support better supplier economics, stronger own-brand penetration and operating leverage over the next several months.
Negative Factors
Volatile free-cash-flow conversion
Inconsistent cash conversion means reported earnings do not reliably translate into funds available for expansion, debt reduction or shareholder returns. Working-capital swings and investment requirements could continue to constrain financial flexibility despite positive accounting profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating revenue growth
Renewed revenue acceleration indicates improving customer demand and market reach. For a specialist omnichannel retailer, sustained sales growth can support better supplier economics, stronger own-brand penetration and operating leverage over the next several months.
Read all positive factors
Angling Direct Plc (ANG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£36.94M
Dividend YieldN/A
Average Volume (3M)259.60K
Price to Earnings (P/E)20.0
Beta (1Y)0.09
Revenue Growth13.75%
EPS Growth51.63%
CountryUK
Employees489
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.03
Shares Outstanding69,046,300
10 Day Avg. Volume371,075
30 Day Avg. Volume259,604
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)0.95
Price to Sales (P/S)0.37
P/FCF Ratio14.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£78.00Price Target Upside45.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.04
Revenue Forecast (FY)£109.10M
Angling Direct Plc Business Overview & Revenue Model
Company Description
Angling Direct plc, along with its various subsidiaries, is a retailer specializing in a broad range of fishing tackle and related equipment. The company serves customers throughout the United Kingdom, Germany, France, the Netherlands, and other i...
How the Company Makes Money
Angling Direct makes money primarily by retailing angling products to consumers through two main channels: (1) in-store sales across its bricks-and-mortar estate and (2) online sales via its e-commerce operations. Revenue is generated through the ...
Angling Direct Plc Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
72
Positive
Cash Flow
54
Neutral
| Breakdown | Jan 2026 | Jan 2025 | Jan 2023 | Jan 2022 | Jan 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 103.90M | 91.34M | 81.66M | 72.47M | 67.58M |
| Gross Profit | 34.37M | 33.05M | 28.50M | 23.69M | 20.45M |
| EBITDA | 7.87M | 6.88M | 5.86M | 6.42M | 4.18M |
| Net Income | 2.06M | 1.43M | 1.22M | 3.08M | 2.42M |
Balance Sheet | |||||
| Total Assets | 68.55M | 64.34M | 59.92M | 58.08M | 50.62M |
| Cash, Cash Equivalents and Short-Term Investments | 10.91M | 12.06M | 15.77M | 16.60M | 15.00M |
| Total Debt | 12.74M | 12.86M | 11.56M | 11.05M | 10.19M |
| Total Liabilities | 27.71M | 24.92M | 21.39M | 21.66M | 17.48M |
| Stockholders Equity | 40.83M | 39.42M | 38.52M | 36.41M | 33.15M |
Cash Flow | |||||
| Free Cash Flow | 2.71M | -275.00K | 3.55M | 3.23M | 5.22M |
| Operating Cash Flow | 7.35M | 3.88M | 6.48M | 4.76M | 6.94M |
| Investing Cash Flow | -4.97M | -4.88M | -2.93M | -1.52M | -1.77M |
| Financing Cash Flow | -3.46M | -2.61M | -1.83M | -1.63M | 3.85M |
Angling Direct Plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £59.37M | 8.17 | 16.69% | ― | 30.00% | 778.34% | |
70 Outperform | £575.20M | 17.48 | 6.52% | 3.41% | 5.04% | ― | |
66 Neutral | £1.78B | 11.93 | 105.88% | 8.60% | 4.39% | -1.37% | |
65 Neutral | £938.42M | 15.34 | 6.50% | 3.43% | -0.84% | -27.69% | |
64 Neutral | £36.94M | 19.96 | 5.06% | ― | 13.75% | 51.63% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | £54.56M | 46.94 | 9.46% | 0.04% | -6.13% | -82.79% |
* Consumer Cyclical Sector Average
GB:ANG
Angling Direct Plc
53.50
4.50
9.18%
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Angling Direct Plc Corporate Events
Stock BuybackRegulatory Filings and Compliance
Angling Direct Boosts Treasury Stock with Off-Programme Share Purchase
Positive
Aug 27, 2026
Angling Direct has strengthened its capital structure by purchasing 1,440,000 of its ordinary shares at 50 pence each, with the transaction executed through Singer Capital Markets and the shares being held in treasury. This move was carried out se...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Angling Direct Adds 630,000 Shares to Treasury in Off-Programme Buyback
Neutral
Aug 20, 2026
Angling Direct has repurchased 630,000 ordinary shares at 47 pence each, executing the buyback through Singer Capital Markets and placing the shares into treasury. The move was conducted outside the company’s existing share buyback programme...
Business Operations and StrategyStock BuybackFinancial Disclosures
Angling Direct Delivers Resilient Half-Year Growth and Expands U.K. Footprint
Positive
Aug 19, 2026
Angling Direct plc, the leading omni-channel fishing tackle retailer in the U.K., reported another period of resilient growth amid a difficult consumer backdrop and weather-related pressures. The group continues to expand its domestic footprint wi...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Angling Direct Tightens Free Float With Treasury Share Buyback
Positive
Aug 18, 2026
Angling Direct has continued its extended share buyback programme, repurchasing 30,000 ordinary shares at 47 pence each on 18 August 2026, with the shares to be held in treasury. Following this transaction, the retailer’s issued share capita...
Business Operations and StrategyStock Buyback
Angling Direct Adds to Treasury Stock in Ongoing Share Buyback
Positive
Aug 17, 2026
Angling Direct, the UK’s leading omni-channel fishing tackle retailer with a growing European footprint, sells equipment through about 60 domestic stores, multiple European websites, and a dedicated app. The group focuses on making fishing a...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Angling Direct Adds to Treasury Stock in Ongoing Share Buyback
Positive
Aug 17, 2026
Angling Direct Plc has announced a further transaction under its extended share buyback programme, purchasing 28,000 ordinary shares at 47 pence each on 14 August 2026 through Singer Capital Markets, with the shares to be held in treasury. The mov...
Stock BuybackRegulatory Filings and Compliance
Angling Direct Adds to Treasury Stock in Ongoing Share Buyback
Neutral
Aug 14, 2026
Angling Direct Plc, the UK’s leading omni-channel specialist fishing tackle retailer, sells over 25,000 products through about 60 stores, a major online platform, native-language European websites and its MyAD Fishing Club app. Headquartered...
Stock BuybackRegulatory Filings and Compliance
Angling Direct Advances Share Buyback, Updates Voting Share Capital
Positive
Aug 13, 2026
Angling Direct has continued its previously announced share buyback programme, purchasing 30,000 ordinary shares at 47 pence each on 12 August 2026 through Singer Capital Markets, with the shares to be held in treasury. Following this transaction,...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Angling Direct Continues Share Buyback, Updates Voting Rights
Positive
Aug 12, 2026
Angling Direct Plc has continued its previously announced share buyback programme by repurchasing 30,000 ordinary shares on 11 August 2026 at 47 pence per share through Singer Capital Markets, with the shares to be held in treasury. Following this...
Stock Buyback
Angling Direct Buys Back 420,000 Shares as Part of Ongoing Repurchase Programme
Positive
Aug 11, 2026
Angling Direct, the UK’s leading omni-channel fishing tackle retailer with a growing European footprint, sells a wide range of angling products through about 60 domestic stores, dedicated European websites and its MyAD Fishing Club app. The ...
Business Operations and StrategyStock Buyback
Angling Direct Adds to Treasury Stock with Latest Share Buyback
Positive
Aug 10, 2026
Angling Direct has executed a further tranche of its extended share buyback programme, repurchasing 130,000 ordinary shares at 47 pence each via Singer Capital Markets and holding them in treasury. The move modestly reduces the free float while pr...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Angling Direct boosts treasury stock with latest share buyback
Positive
Aug 6, 2026
Angling Direct has continued its previously announced share buyback programme, purchasing 400,000 ordinary shares at 47 pence each on 5 August 2026 through Singer Capital Markets, with the shares to be held in treasury. The transaction forms part ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Angling Direct Adds to Treasury Stock with Targeted Share Buyback
Positive
Jul 28, 2026
Angling Direct PLC has continued its previously announced share buyback programme by purchasing 50,000 of its ordinary shares at 48 pence each, with the transaction executed through Singer Capital Markets and the shares to be held in treasury. Fol...
Business Operations and StrategyStock Buyback
Angling Direct Tightens Free Float with Latest Share Buyback
Positive
Jul 27, 2026
Angling Direct has executed a further tranche of its extended share buyback programme, repurchasing 60,000 ordinary shares on 24 July 2026 at 48 pence per share through Singer Capital Markets, with the shares to be held in treasury. Following this...
Business Operations and StrategyStock Buyback
Angling Direct Tightens Free Float with Latest Treasury Share Buyback
Positive
Jul 16, 2026
Angling Direct has executed a further share buyback as part of its extended repurchase programme, acquiring 50,000 ordinary shares at 49 pence each through Singer Capital Markets and placing them in treasury. Following this transaction, the compan...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Angling Direct boosts treasury stock with latest share buyback
Positive
Jul 15, 2026
Angling Direct PLC has moved to further implement its extended share buyback programme with the repurchase of 150,000 ordinary shares on 15 July 2026 at 49 pence per share, executed through Singer Capital Markets and held in treasury. The transact...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Angling Direct AGM Resolutions Pass Unanimously as Board Sees Planned Change
Positive
Jun 18, 2026
Angling Direct, a specialist fishing tackle and equipment retailer with a broad UK store network and expanding European online footprint, continues to build its omni-channel strategy around both physical outlets and digital platforms. Its product ...
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.