AIM:ANG

Stock Analysis Report

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Executive Summary

Angling Direct plc engages in the retail of fishing tackle products and equipment in the United Kingdom.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Angling Direct's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ANG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.6%

ANG

4.0%

GB Specialty Retail

2.2%

GB Market


1 Year Return

-15.0%

ANG

-11.4%

GB Specialty Retail

-10.0%

GB Market

Return vs Industry: ANG underperformed the UK Specialty Retail industry which returned -11.6% over the past year.

Return vs Market: ANG underperformed the UK Market which returned -9.5% over the past year.


Shareholder returns

ANGIndustryMarket
7 Day1.6%4.0%2.2%
30 Day21.4%23.4%9.6%
90 Day25.0%-5.7%-2.6%
1 Year-15.0%-15.0%-9.6%-11.4%-5.7%-10.0%
3 Yearn/a-14.1%-21.9%-1.8%-13.8%
5 Yearn/a-19.9%-31.9%15.5%-10.2%

Price Volatility Vs. Market

How volatile is Angling Direct's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Angling Direct undervalued compared to its fair value and its price relative to the market?

1.58x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ANG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ANG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ANG is unprofitable, so we can't compare its PE Ratio to the Specialty Retail industry average.

PE vs Market: ANG is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ANG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ANG is overvalued based on its PB Ratio (1.6x) compared to the GB Specialty Retail industry average (0.8x).


Next Steps

Future Growth

How is Angling Direct forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.4%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Angling Direct has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Angling Direct performed over the past 5 years?

-74.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ANG is currently unprofitable.

Growing Profit Margin: ANG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ANG is unprofitable, and losses have increased over the past 5 years at a rate of -74.2% per year.

Accelerating Growth: Unable to compare ANG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ANG is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (0.7%).


Return on Equity

High ROE: ANG has a negative Return on Equity (-5.14%), as it is currently unprofitable.


Next Steps

Financial Health

How is Angling Direct's financial position?


Financial Position Analysis

Short Term Liabilities: ANG's short term assets (£20.4M) exceed its short term liabilities (£7.6M).

Long Term Liabilities: ANG's short term assets (£20.4M) exceed its long term liabilities (£9.6M).


Debt to Equity History and Analysis

Debt Level: ANG is debt free.

Reducing Debt: ANG has no debt compared to 5 years ago when its debt to equity ratio was 564.2%.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ANG has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: ANG has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 54% each year.


Next Steps

Dividend

What is Angling Direct's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ANG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ANG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ANG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ANG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ANG's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

0.4yrs

Average management tenure


CEO

Andy Torrance

0.33

Tenure

Mr. Andy Torrance has been Chief Executive Officer of Angling Direct plc since February 10, 2020. Mr. Torrance serves as Non-Executive Director at Angling Direct plc since October 2019. Mr. Torrance served ...


Leadership Team

NamePositionTenureCompensationOwnership
Martyn Page
Executive Chairmanno dataUK£67.26k17.62% £7.1m
Andy Torrance
CEO & Non-Executive Director0.33yrno datano data
Steven Crowe
CFO & Executive Directorno datano datano data
Wouter Putman
eCommerce & Operations Manager8.17yrsno datano data

0.4yrs

Average Tenure

Experienced Management: ANG's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Martyn Page
Executive Chairmanno dataUK£67.26k17.62% £7.1m
Andy Torrance
CEO & Non-Executive Director0.33yrno datano data
Steven Crowe
CFO & Executive Directorno datano datano data
Darren Bailey
Non-Executive Director16yrsUK£154.99k3.92% £1.6m
David Rodwell
Non-Executive Director3yrsUK£39.31k0.024% £9.8k
Dilys Maltby
Non Executive Director0.33yrno datano data

1.8yrs

Average Tenure

Experienced Board: ANG's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Angling Direct plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Angling Direct plc
  • Ticker: ANG
  • Exchange: AIM
  • Founded: 1986
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: UK£40.389m
  • Shares outstanding: 64.62m
  • Website: https://www.anglingdirect.co.uk

Number of Employees


Location

  • Angling Direct plc
  • 2D Wendover Road
  • Rackheath Industrial Estate
  • Norwich
  • Norfolk
  • NR13 6LH
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ANGAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJul 2017

Biography

Angling Direct plc engages in the retail of fishing tackle products and equipment in the United Kingdom. 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 DVDs, fish care and fly products, fly line tippets, 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. As of February 13, 2020, it sold its products through a network of 35 stores, as well as through its own Website and other third party Websites. Angling Direct plc was founded in 1986 and is headquartered in Norwich, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 00:53
End of Day Share Price2020/06/04 00:00
Earnings2020/01/31
Annual Earnings2020/01/31


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.