Company Valuation: AudioCodes Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 1,122 568.5 375.6 291.7 239.8 268.8 -
Change - -49.35% -33.93% -22.33% -17.78% 12.06% -
Enterprise Value (EV) 1,122 568.5 375.6 291.7 239.8 268.8 268.8
Change - -49.35% -33.93% -22.33% -17.78% 12.06% 0%
P/E 34.7x 20.3x 43.1x - 28.2x 39x 28.8x
PBR - - - - - - -
PEG - -1.7x -0.6x - - -4.03x 0.8x
Capitalization / Revenue 4.51x 2.07x 1.54x 1.2x 0.98x 1.06x 1.02x
EV / Revenue 0x 0x 0x 0x 0x 1.06x 1.02x
EV / EBITDA 0x 0x 0x 0x 0x 12.5x 13.5x
EV / EBIT 0x 0x 0x 0x 0x 14.1x 13.4x
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 10.93 10.93
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.51x5.94x15.38x1.57% 429B
53.62x19.15x38.42x-.--% 258B
19.23x0.78x14.05x2.36% 172B
26.15x8.29x20.01x0.47% 142B
49.33x14.52x32.41x-.--% 93.81B
32.42x6.33x18.34x1.08% 74.15B
42.85x2.32x15.01x1.65% 57.93B
28.2x6.37x21.27x1.47% 54.47B
65.37x8.45x37.38x-.--% 53.77B
Average 38.19x 8.02x 23.59x 0.95% 148.28B
Weighted average by Cap. 35.05x 8.66x 22.63x 1.05%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA