# Applied Nutrition (APN.LSE)

Canonical: https://gigainvestors.com/s/APN.LSE

Analysis as of: 2026-10-16T07:44:10.063Z. 

Listing currency: GBX. Reporting currency: GBP.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: GBX 296.00 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Up 111% since Oct 2024

Story as of 2026-10-16T10:01:29.351Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in packaged foods; annual sales are GBP 107.1 million.

- Source: https://filings.xbrl.org/213800KCP1IDX51ZHE47/2025-07-31/ESEF/GB/0/213800KCP1IDX51ZHE47-2025-07-31-T01.json (filed 2026-10-16T07:44:10.063Z); FY2025: revenue 107100000; grossProfit 49300000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); APN.LSE: Applied Nutrition Plc engages in the manufacture, wholesale, and retail of sports nutritional products in the United Kingdom and internationally. It offers whey protein, whey protein isolate, casein protein powder, clear protein, vegan protein, protein bars and oats, protein shakes and cans, and beef protein; BCAA powders and tablets, BCAA cans, creatine, aminos, and energy gels and drinks; pre-workout drinks, powders, and gels; and hydration and vitamin water, hydration tablets, hydration electrolyte and vitamin powder, and energy shots, as well as caffeine capsules and mass gainers. The company also provides products for liver support, health and vitality, vitality range, collagen, vitamins, and cooking; and gym clothing and bags, bottles and shakers, and funnels and scoops, as well as digital watches. It provides its products under the Applied Nutrition, ABE All Black Everything, BodyFuel, and Endurance brands. Applied Nutrition Plc was incorporated in 2014 and is based in Liverpool, United Kingdom.

### Why customers stay

Margins ranged from 43.6% to 47.9% during 2023–25.

- Source: https://eodhd.com/api/fundamentals/APN.LSE.json#2023-07-31 (filed 2026-10-16T07:44:10.063Z); FY2023: grossProfit / revenue = 43.6%.

- Source: https://filings.xbrl.org/213800KCP1IDX51ZHE47/2025-07-31/ESEF/GB/0/213800KCP1IDX51ZHE47-2025-07-31-T01.json (filed 2026-10-16T07:44:10.063Z); FY2024: grossProfit / revenue = 47.9%.

- Source: https://filings.xbrl.org/213800KCP1IDX51ZHE47/2025-07-31/ESEF/GB/0/213800KCP1IDX51ZHE47-2025-07-31-T01.json (filed 2026-10-16T07:44:10.063Z); FY2025: grossProfit / revenue = 46%.

### Where the cash goes

Paid dividends in 2 of 4 years.

- Source: https://eodhd.com/api/fundamentals/APN.LSE.json#2022-07-31 (filed 2026-10-16T07:44:10.063Z); FY2022: growth capex 0; upkeep 294000; owner earnings 8161000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/api/fundamentals/APN.LSE.json#2023-07-31 (filed 2026-10-16T07:44:10.063Z); FY2023: growth capex 329000; upkeep 633000; owner earnings 13406800. Growth capex / owner earnings = 0.02453978578035027.

- Source: https://eodhd.com/api/fundamentals/APN.LSE.json#2024-07-31 (filed 2026-10-16T07:44:10.063Z); FY2024: growth capex 139000; upkeep 900000; owner earnings 18339400. Growth capex / owner earnings = 0.00757931011919692.

- Source: https://eodhd.com/api/fundamentals/APN.LSE.json#2025-07-31 (filed 2026-10-16T07:44:10.063Z); FY2025: growth capex 0; upkeep 1000000; owner earnings 20600000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:44:10.063Z); Dividend observations: [[2022,6002000],[2023,0],[2024,0],[2025,14700000]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 44.9% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); APN.LSE SharesStats.PercentInsiders = 44.937 percentage points; cache date 2026-10-16.

### What the price says

The price is 6.9 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:44:10.063Z); Closing price 296 GBX; reporting-to-trading FX 100; FY2025 annual sales per share 0.4284; price multiple 6.909430438842203. FY2025 cash earnings/share 0.0824. Closing-price date 2026-10-15.

## Monthly share-price history (GBX per share)

- 2024-10: GBX 140.22 per share

- 2024-11: GBX 135.50 per share

- 2024-12: GBX 140.60 per share

- 2025-01: GBX 154.80 per share

- 2025-02: GBX 132.00 per share

- 2025-03: GBX 117.00 per share

- 2025-04: GBX 116.40 per share

- 2025-05: GBX 130.60 per share

- 2025-06: GBX 124.40 per share

- 2025-07: GBX 131.00 per share

- 2025-08: GBX 164.60 per share

- 2025-09: GBX 164.80 per share

- 2025-10: GBX 172.00 per share

- 2025-11: GBX 177.40 per share

- 2025-12: GBX 252.00 per share

- 2026-01: GBX 233.00 per share

- 2026-02: GBX 248.50 per share

- 2026-03: GBX 208.50 per share

- 2026-04: GBX 218.50 per share

- 2026-05: GBX 243.50 per share

- 2026-06: GBX 311.00 per share

- 2026-07: GBX 323.50 per share

- 2026-08: GBX 316.50 per share

- 2026-09: GBX 274.00 per share

- 2026-10: GBX 296.00 per share

## Annual estimated value (GBX per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations