Anpario Plc (ANP) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Anpario Plc £8.15, price £4.90, upside +66.3%, quality 80 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range £1.58 – £6.17 · fair‑value band £4.63 – £10.01 · the £4.90 price screens below the £8.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Anpario plc, together with its subsidiaries, manufactures and distributes natural animal feed additives for animal health, nutrition, and biosecurity.
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Anpario plc, together with its subsidiaries, manufactures and distributes natural animal feed additives for animal health, nutrition, and biosecurity. Its health and performance category offers various products that support and maintain animal gut health, including phytogenic and acid based eubiotics, and omega fatty acids under the Orego-Stim, Optomega, pHorce, Salkil, and Genex brands; and feed quality category provides products, such as enzymes, antioxidants, pellet binders, mould inhibitors, and acid based eubiotics under the pHorce, Feedzyme, Salgard, Oxigard, Moldgard, and Mastercube brands. The company's hygiene and insect control category contain products comprising 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, and Clean & Dry brands; and toxin management category products consisting of mycotoxin binders under the Anpro brand. It has operations in the Americas, Asia, Europe, the Middle East, and Africa. The company was formerly known as Kiotech International plc and changed its name to Anpario plc in November 2011. Anpario plc was founded in 1996 and is headquartered in Worksop, the United Kingdom.
Stock analysis
Anpario Plc (ANP) currently trades at £4.90, while our model-based Fair Value estimate is £8.15, implying the stock looks roughly 39.9% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of £10.70 per share, and 20 of the 26 models we run sit above the £4.90 price.
Bear case: the Dividend Discount group reads lowest at £1.39, and 6 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: £4.63 (bear) to £10.01 (bull), the price of £4.90 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 80/100 (high quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Anpario Plc reported revenue of £47.2M in FY2025 versus £33.4M in FY2021, a compound +9.0%/yr. Reported net income was £6.8M in FY2025, compounding +9.6%/yr from FY2021.
Key figures
Market cap 87.2M GBX · P/E ratio 12.9 · P/S ratio 1.85 · EPS (TTM) £0.3800 · Dividend yield 2.6% · Net margin 14.3% · Return on equity 17.5% · Return on assets (EBIT) 10.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −3% fair-value upside, at 66%, ANP screens cheaper than that median.
Fair Value models
Bear £4.63Fair Value £8.15Bull £10.01
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (£0.1872 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+23.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.1%
Start year 2020 (pandemic). Over 10 years: +7.3% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.0%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+9.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.4%
Dividend (yield on the price)2.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.14% vs 9%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.17% → 17%
2025 sits 151% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+10.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +8.2% a year for the price and +2.1% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Packaged Foods · 666 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score80 · Top 25%
Fair Value upside+66% · Top 25%
Profitability
Return on equity (TTM)17% · Top 25%
Return on assets10% · Top 25%
Net margin (TTM)14% · Top 25%
Operating margin (TTM)19% · Top 25%
Growth and dividend
Revenue growth15% · Top 25%
Dividend yield (TTM)2.6% · Below median
Valuation Multiplesvs Packaged Foods median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Anpario Plc Fair Value". https://www.fairvalue-calculator.com/stock/ANP
Frequently asked questions
Is Anpario Plc (ANP) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of £8.15 versus a price of £4.90, about +66% upside (undervalued).
What is the fair value of ANP?
Our model-based fair value for Anpario Plc is £8.15 (as of Sep 23, 2026), built from audited fundamentals. The current price: £4.90.
What is the quality score of ANP?
Anpario Plc has a Quality Score of 80/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Anpario Plc (ANP)?
Our model-based price target is the fair value of £8.15 (as of Sep 23, 2026) from 26 valuation models. Cautious scenario £4.63, optimistic scenario £10.01. It is a calculation from audited fundamentals, not an analyst target.
What is the Anpario Plc stock forecast for 2026?
Our models put fair value at £8.15, about +66% upside versus a price of £4.90 (undervalued). Cautious scenario £4.63, optimistic scenario £10.01. The calculation is refreshed regularly with new filings.
What is the revenue of Anpario Plc (ANP)?
Anpario Plc reported trailing-twelve-month revenue of about £47.2M (latest available figure, as of Sep 23, 2026).
Does Anpario Plc pay a dividend?
Anpario Plc currently shows a dividend yield of about 2.55% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Anpario Plc (ANP)?
For today's price to be fair in a discounted-cash-flow model, Anpario Plc would have to grow free cash flow by +10.7 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.1 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of ANP use?
Our models discount Anpario Plc at 13.5 %: a base by market capitalisation (micro), damped by beta 1.08, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Anpario Plc that is +10.7 % per year a year over ten years, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Anpario Plc (ANP) delivered so far?
Over the past 5 years revenue at Anpario Plc grew +9.1 % a year. The price currently implies +10.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Anpario Plc (ANP) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into Anpario Plc (+10.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Anpario Plc (ANP)?
The free-cash-flow yield on the price is 6.26 %: that much free cash flow Anpario Plc produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Anpario Plc (ANP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Anpario Plc it is £8.15 per share (as of Sep 23, 2026), against a price of £4.90. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Anpario Plc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ANP trades below its calculated fair value: price £4.90, fair value £8.15, a gap of about +66% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ANP?
No. The price is what the market pays today (£4.90); the fair value is what the company's own numbers justify (£8.15). For Anpario Plc the two are £3.25 per share apart. That gap is exactly why we show both numbers side by side.
How much is Anpario Plc worth?
The market values Anpario Plc at about 87.2M GBX (market capitalisation, as of Sep 23, 2026). Per share that is £4.90; our models calculate a fair value of £8.15 per share.
What do the bullish and bearish scenarios say about ANP?
Our models span a range for Anpario Plc: cautious scenario £4.63, base £8.15, optimistic £10.01 per share (as of Sep 23, 2026, price £4.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ANP?
Anpario Plc trades at a price-to-earnings ratio of 12.9 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £8.15 is built from several models across several years. Other multiples: P/B 2.8, P/S 2.4, EV/EBITDA 11.3.
How solid is the balance sheet of Anpario Plc (ANP)?
Balance-sheet figures for Anpario Plc (as of Sep 23, 2026): return on equity 17.5%. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is ANP from its 52-week high?
Anpario Plc trades at £4.90, about 13% below its 52-week high of £5.61 and 19% above the low of £4.13 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of £8.15 is for.
Which stocks are comparable to Anpario Plc?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, The Kraft Heinz Company, Foshan Haitian Flavouring and Food Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Anpario Plc stock attractive at the current price?
The data as of Sep 23, 2026: price £4.90, calculated fair value £8.15 (+66%), Quality Score 80/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ANP calculated?
We run Anpario Plc through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £8.15, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Anpario Plc currently trades 66 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Anpario Plc (ANP)?
The closing price on Sep 24, 2026 was £4.90. Our model-based fair value is £8.15, about +66% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Anpario Plc right now?
The rarer combination: high quality (80/100) AND below fair value. That earns a closer look rather than a quick verdict. A fairly wide model range (£4.63 to £10.01) leaves room in how you read the outcome.
Where does the earnings growth of Anpario Plc (ANP) come from?
Earnings per share at Anpario Plc grew +5.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.2 %, EBIT margin −1.0 %, tax rate −1.3 %, residual (interest, one-offs) +0.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Anpario Plc
How large is the market capitalisation of Anpario Plc (ANP)?
The market capitalisation of Anpario Plc is 87.2M GBX. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Anpario Plc (ANP)?
The price-to-sales ratio of Anpario Plc is 1.85 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Anpario Plc (ANP)?
Earnings per share at Anpario Plc are £0.3800 (price ÷ EPS = P/E 12.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Anpario Plc (ANP)?
The dividend yield of Anpario Plc is 2.6% (payout 32.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Anpario Plc (ANP)?
The net margin of Anpario Plc is 14.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Anpario Plc (ANP)?
The return on equity (ROE) of Anpario Plc is 17.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Anpario Plc (ANP)?
On an EBIT basis the return on assets of Anpario Plc is 10.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Anpario Plc (ANP)?
The operating margin of Anpario Plc is 18.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Anpario Plc (ANP)?
Revenue at Anpario Plc is growing +15.3% versus a year earlier (3y avg +12.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Anpario Plc (ANP)?
Earnings per share at Anpario Plc are growing +57.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Anpario Plc (ANP) hold?
Anpario Plc holds more cash than debt, 12.2M GBX net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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