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ANP

Anpario AIM:ANP Stock Report

Last Price

UK£5.70

Market Cap

UK£135.9m

7D

0%

1Y

-18.0%

Updated

07 Aug, 2022

Data

Company Financials +
ANP fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends2/6

ANP Stock Overview

Anpario plc, together with its subsidiaries, produces and distributes natural feed additives for animal health, hygiene, and nutrition.

Anpario Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Anpario
Historical stock prices
Current Share PriceUK£5.70
52 Week HighUK£7.30
52 Week LowUK£4.42
Beta0.75
1 Month Change11.77%
3 Month Change5.56%
1 Year Change-17.99%
3 Year Change62.86%
5 Year Change61.52%
Change since IPO-95.65%

Recent News & Updates

May 12
Anpario (LON:ANP) Has Announced That It Will Be Increasing Its Dividend To UK£0.07

Anpario (LON:ANP) Has Announced That It Will Be Increasing Its Dividend To UK£0.07

Anpario plc ( LON:ANP ) has announced that it will be increasing its dividend on the 29th of July to UK£0.07. Despite...

Shareholder Returns

ANPGB FoodGB Market
7D0%-0.3%0.5%
1Y-18.0%-18.3%-6.8%

Return vs Industry: ANP matched the UK Food industry which returned -18.3% over the past year.

Return vs Market: ANP underperformed the UK Market which returned -6.8% over the past year.

Price Volatility

Is ANP's price volatile compared to industry and market?
ANP volatility
ANP Average Weekly Movement4.4%
Food Industry Average Movement4.4%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.7%

Stable Share Price: ANP is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ANP's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996124Richard Edwardshttps://www.anpario.com

Anpario plc, together with its subsidiaries, produces and distributes natural feed additives for animal health, hygiene, and nutrition. Its health and performance category offers various products that support and maintain animal gut health, such as phytogenic and acid based eubiotics, and omega fatty acids under the Orego-Stim, Optomega, pHorce, Salgard, Salkil, Genex, and Optimax brands; feed quality category provides products, such as enzymes, antioxidants, pellet binders, mould inhibitors, and acid based eubiotics under the pHorce, Salkil, Salgard, Oxigard, Moldgard, and Mastercube brands. The company’s hygiene and insect control category contain products, such as water sanitation tablets, 100% natural insect control powders, and natural drying agents that minimizes the environmental microbial burden, supports the gut health, and animal performance under the Credence, Mitex, Red Lite, and Clean & Dry brands; and toxin management category products, such as mycotoxin binders under the Anpro, Ultrabond, and Neutox brands.

Anpario Fundamentals Summary

How do Anpario's earnings and revenue compare to its market cap?
ANP fundamental statistics
Market CapUK£135.94m
Earnings (TTM)UK£4.68m
Revenue (TTM)UK£33.37m

29.0x

P/E Ratio

4.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ANP income statement (TTM)
RevenueUK£33.37m
Cost of RevenueUK£17.11m
Gross ProfitUK£16.26m
Other ExpensesUK£11.58m
EarningsUK£4.68m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Sep 14, 2022

Earnings per share (EPS)0.20
Gross Margin48.73%
Net Profit Margin14.03%
Debt/Equity Ratio0%

How did ANP perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

44%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ANP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ANP?

Other financial metrics that can be useful for relative valuation.

ANP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.6x
Enterprise Value/EBITDA18x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ANP's PE Ratio compare to its peers?

ANP PE Ratio vs Peers
The above table shows the PE ratio for ANP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.8x
HOTC Hotel Chocolat Group
14.6x36.7%UK£186.8m
FIF Finsbury Food Group
7.8xn/aUK£86.7m
DVO Devro
10.9x6.6%UK£307.4m
MHPC MHP
1.8x-1.3%US$460.3m
ANP Anpario
29xn/aUK£135.9m

Price-To-Earnings vs Peers: ANP is expensive based on its Price-To-Earnings Ratio (29x) compared to the peer average (8.8x).


Price to Earnings Ratio vs Industry

How does ANP's PE Ratio compare vs other companies in the GB Food Industry?

Price-To-Earnings vs Industry: ANP is expensive based on its Price-To-Earnings Ratio (29x) compared to the UK Food industry average (15.4x)


Price to Earnings Ratio vs Fair Ratio

What is ANP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ANP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ANP's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ANP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ANP (£5.7) is trading above our estimate of fair value (£2.9)

Significantly Below Fair Value: ANP is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is Anpario forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.8%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ANP's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if ANP's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if ANP's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ANP's revenue (8.8% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: ANP's revenue (8.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ANP's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Anpario performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


9.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ANP has high quality earnings.

Growing Profit Margin: ANP's current net profit margins (14%) are higher than last year (13.8%).


Past Earnings Growth Analysis

Earnings Trend: ANP's earnings have grown by 9.6% per year over the past 5 years.

Accelerating Growth: ANP's earnings growth over the past year (11.4%) exceeds its 5-year average (9.6% per year).

Earnings vs Industry: ANP earnings growth over the past year (11.4%) underperformed the Food industry 21.7%.


Return on Equity

High ROE: ANP's Return on Equity (11.6%) is considered low.


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Financial Health

How is Anpario's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ANP's short term assets (£30.5M) exceed its short term liabilities (£5.2M).

Long Term Liabilities: ANP's short term assets (£30.5M) exceed its long term liabilities (£2.4M).


Debt to Equity History and Analysis

Debt Level: ANP is debt free.

Reducing Debt: ANP has not had any debt for past 5 years.

Debt Coverage: ANP has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ANP has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Anpario current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.75%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ANP's dividend (1.75%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.87%).

High Dividend: ANP's dividend (1.75%) is low compared to the top 25% of dividend payers in the UK market (5.13%).


Stability and Growth of Payments

Stable Dividend: ANP's dividend payments have been volatile in the past 10 years.

Growing Dividend: ANP's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.6%), ANP's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (138.5%), ANP's dividend payments are not well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

8.1yrs

Average management tenure


CEO

Richard Edwards (57 yo)

6.58yrs

Tenure

UK£437,000

Compensation

Mr. Richard P. Edwards, B Eng (Hons), C Eng, MBA, has been Chief Executive Officer of Anpario plc since January 2016. Mr. Edwards served as Chief Executive Officer of Kiotech International Plc. He served a...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD526.36K) is about average for companies of similar size in the UK market ($USD716.00K).

Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ANP's management team is seasoned and experienced (8.1 years average tenure).


Board Members

Experienced Board: ANP's board of directors are considered experienced (7.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.


Top Shareholders

Company Information

Anpario plc's employee growth, exchange listings and data sources


Key Information

  • Name: Anpario plc
  • Ticker: ANP
  • Exchange: AIM
  • Founded: 1996
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: UK£135.941m
  • Shares outstanding: 23.85m
  • Website: https://www.anpario.com

Number of Employees


Location

  • Anpario plc
  • Manton Wood Enterprise Park
  • Unit 5
  • Worksop
  • Nottinghamshire
  • S80 2RS
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.