Company Valuation: AudioCodes Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 1,122 568.5 375.6 291.7 239.8 249.6 -
Change - -49.35% -33.93% -22.33% -17.78% 4.06% -
Enterprise Value (EV) 1,122 568.5 375.6 291.7 239.8 249.6 249.6
Change - -49.35% -33.93% -22.33% -17.78% 4.06% 0%
P/E 34.7x 20.3x 43.1x - 28.2x 36.3x 26.7x
PBR - - - - - - -
PEG - -1.7x -0.6x - - -3.75x 0.7x
Capitalization / Revenue 4.51x 2.07x 1.54x 1.2x 0.98x 0.99x 0.95x
EV / Revenue 0x 0x 0x 0x 0x 0.99x 0.95x
EV / EBITDA 0x 0x 0x 0x 0x 11.6x 12.5x
EV / EBIT 0x 0x 0x 0x 0x 13.1x 12.4x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Dividend per Share 2 0.35 0.36 - - - - -
Rate of return 1.01% 2.01% - - - - -
EPS 2 1 0.88 0.28 - 0.31 0.28 0.38
Distribution rate 35% 40.9% - - - - -
Net sales 1 248.9 275.1 244.4 242.2 245.6 253.1 262.9
EBITDA 1 56.24 49.33 30.97 31.42 24.8 21.5 19.9
EBIT 1 53.8 47.15 28.92 28.07 21.02 19.1 20.1
Net income 1 33.75 28.47 8.78 15.31 8.955 7.1 9.5
Net Debt - - - - - - -
Reference price 2 34.74 17.89 12.07 9.74 8.73 10.15 10.15
Nbr of stocks (in thousands) 32,305 31,775 31,115 29,950 27,474 24,591 -
Announcement Date 2/1/22 2/7/23 2/6/24 2/4/25 2/3/26 - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.82x5.96x15.44x1.56% 431B
51.1x18.08x36.28x-.--% 244B
21.47x0.86x15.4x2.16% 188B
26.28x8.56x20.69x0.49% 142B
41.57x12.31x27.92x-.--% 79.05B
33.96x6.59x18.81x0.99% 77.46B
41.38x2.18x14.21x1.74% 56.32B
27.66x6.24x20.84x1.49% 53.43B
17.75x2.76x11.86x4.14% 47.6B
Average 32.00x 7.06x 20.16x 1.4% 146.58B
Weighted average by Cap. 32.13x 7.91x 20.84x 1.21%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA