ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Angling Direct's annualized return on invested capital (ROIC %) for the quarter that ended in Jan. 2026 was 0.78%.
As of today (2026-07-09), Angling Direct's WACC % is 7.60%. Angling Direct's ROIC % is 4.87% (calculated using TTM income statement data).
Angling Direct earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Angling Direct (LSE:ANG) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Angling Direct's WACC % is 7.60%. Angling Direct's ROIC % is 4.87% (calculated using TTM income statement data).
Angling Direct earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Angling Direct ROIC % Related Terms
Angling Direct ROIC % Historical Data
* Premium members only.
The historical data trend for Angling Direct's ROIC % 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.
For the Specialty Retail subindustry, Angling Direct's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Angling Direct ROIC % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Angling Direct's ROIC % distribution charts can be found below:
* The bar in red indicates where Angling Direct's ROIC % falls into.
Note:
The Operating Income data used here is two times the semi-annual (Jan. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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 (LSE:ANG) has a ROIC % of 0.78% as of Jan. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Angling Direct and its competitors.
Is Angling Direct's ROIC % too high?
Angling Direct's current ROIC % is 0.78%. The Retail - Cyclical industry median ROIC % is 4.36. Angling Direct's value of 0.78% is 82.1% below this industry median. Overall, Angling Direct has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Angling Direct's ROIC % compare to CASY and WSM?
Angling Direct's ROIC % of 0.78% can be compared against companies in the Retail - Cyclical industry. The industry median ROIC % is 4.36. Angling Direct's value of 0.78% is 82.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Retail - Cyclical company?
The median ROIC % among Retail - Cyclical companies is 4.36, based on 1,104 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Angling Direct's current ROIC % of 0.78% is 82.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Angling Direct and its competitors. For the Retail - Cyclical industry, the median ROIC % is 4.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Angling Direct's current ROIC % is 0.78%. 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 £0.50 — trading 6.6% below its estimated fair value. The current ROIC % is 0.78% and 82.1% below the Retail - Cyclical industry median of 4.36. Angling Direct's overall GF Score™ is 56/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Angling Direct (LSE:ANG), the current ROIC % is 0.78% 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 undervalued.
The current stock price of £0.50 is trading 6.6% below its estimated GF Value™ of £0.53.
GuruFocus considers Angling Direct to be Fairly Valued.
Key valuation signals for LSE:ANG:
ROIC %: 0.78%
GF Value™: £0.53 vs. price of £0.50 (6.6% below fair value)
Industry Position: 82.1% below the Retail - Cyclical median
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 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.
56GF Score
Get the complete analysis for LSE:ANG
ROIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:ANG has been successfully added to your 
