Angling Direct (LSE:ANG) Operating Income: £3.2 Mil (TTM As of Jan. 2026)

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LSE:ANG Angling Direct PLC LSE:ANG
44 GF Score
Price £0.55
GF Value £0.53
Valuation Fairly Valued
! 3 Warning Signs
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What is Angling Direct Operating Income?

Angling Direct LSE:ANG +1.87% 44 Operating Income is £3.2 Mil as of Jan. 2026. GuruFocus rates LSE:ANG with a GF Score™ of 44/100 and a GF Value™ of £0.53 (Fairly Valued). The stock has 3 warning signs investors should review.

Angling Direct's Operating Income for the six months ended in Jan. 2026 was £0.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was £3.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Angling Direct's Operating Income for the six months ended in Jan. 2026 was £0.2 Mil. Angling Direct's Revenue for the six months ended in Jan. 2026 was £50.3 Mil. Therefore, Angling Direct's Operating Margin % for the quarter that ended in Jan. 2026 was 0.37%.

Angling Direct's 5-Year average Growth Rate for Operating Margin % was -1.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Angling Direct's annualized ROC % for the quarter that ended in Jan. 2026 was 0.78%. Angling Direct's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 1.95%.


Angling Direct  (LSE:ANG) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Angling Direct's annualized ROC % for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=0.376 * ( 1 - 0% )/( (46.551 + 49.568)/ 2 )
=0.376/48.0595
=0.78 %

where

Note: The Operating Income data used here is two times the semi-annual (Jan. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Angling Direct's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.744/( ( (24.093 + max(13.541, 0)) + (26.059 + max(12.772, 0)) )/ 2 )
=0.744/( ( 37.634 + 38.831 )/ 2 )
=0.744/38.2325
=1.95 %

where Working Capital is:

Working Capital(Q: Jul. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.109 + 26.188 + 0.563) - (11.755 + 0 + 2.564)
=13.541

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.002 + 23.409 + 0.95800000000001) - (8.063 + 0 + 3.534)
=12.772

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jan. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Angling Direct's Operating Margin % for the quarter that ended in Jan. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=0.188/50.273
=0.37 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Angling Direct Operating Income Related Terms


Angling Direct Operating Income Historical Data

* Premium members only.

The historical data trend for Angling Direct's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Angling Direct Operating Income Chart

Angling Direct Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.50 0.79 1.32 2.00 3.20

Angling Direct Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.40 2.32 -0.33 3.01 0.19
LSE:ANG
44GF Score
Angling Direct PLC LSE:ANG
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Angling Direct Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was £3.2 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of £3.2 Mil mean?
Angling Direct (LSE:ANG) has a Operating Income of £3.2 Mil as of Jan. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Angling Direct and its competitors.
Is Angling Direct's Operating Income too high?
Angling Direct's current Operating Income is £3.2 Mil. Overall, Angling Direct has a GF Score™ of 44/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Angling Direct's Operating Income compare to CASY and WSM?
Angling Direct's Operating Income of £3.2 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Angling Direct and its competitors. Angling Direct's current Operating Income is £3.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Angling Direct stock overvalued right now?
Based on GuruFocus' analysis, Angling Direct (LSE:ANG) is currently considered Fairly Valued. The stock's GF Value™ is £0.53, compared to a current price of £0.55 — trading 2.8% above its estimated fair value. The current Operating Income is £3.2 Mil. Angling Direct's overall GF Score™ is 44/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Angling Direct (LSE:ANG), the current Operating Income is £3.2 Mil as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Angling Direct (LSE:ANG) Overvalued in 2026?

Based on GuruFocus' analysis, Angling Direct stock appears to be overvalued. The current stock price of £0.55 is trading 2.8% above its estimated GF Value™ of £0.53. GuruFocus considers Angling Direct to be Fairly Valued.

Key valuation signals for LSE:ANG:

  • Operating Income: £3.2 Mil
  • GF Value™: £0.53 vs. price of £0.55 (2.8% above fair value)
  • GF Score™: 44/100 with 3 warning signs

No single metric tells the full story. See the LSE:ANG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Angling Direct Business Description

Address 2D Wendover Road, Rackheath Industrial Estate, Rackheath, Norwich, Norfolk, GBR, NR13 6LH
Angling Direct PLC principal activity of the Group is the sale of fishing tackle through its websites and stores. The Group's business model is designed to generate growth by providing excellent customer service, advice and ensuring product lines include a market range. Customers range from the casual hobbyist through to very committed anglers. The Group has two operating segments: UK and Europe. The company generates majority of revenue from UK.
44GF Score

Get the complete analysis for LSE:ANG

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£0.55
Price
£0.53
GF Value