Company Valuation: AudioCodes Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 1,122 568.5 375.6 291.7 239.8 234.5 -
Change - -49.35% -33.93% -22.33% -17.78% -2.24% -
Enterprise Value (EV) 1,122 568.5 375.6 291.7 239.8 234.5 234.5
Change - -49.35% -33.93% -22.33% -17.78% -2.24% 0%
P/E 34.7x 20.3x 43.1x - 28.2x 25.7x 23.1x
PBR - - - - - - -
PEG - -1.7x -0.6x - - 1.6x 2.1x
Capitalization / Revenue 4.51x 2.07x 1.54x 1.2x 0.98x 0.93x 0.9x
EV / Revenue 0x 0x 0x 0x 0x 0.93x 0.9x
EV / EBITDA 0x 0x 0x 0x 0x 11.2x 11.6x
EV / EBIT 0x 0x 0x 0x 0x 11.6x 11x
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 0.36 0.4
Distribution rate 35% 40.9% - - - - -
Net sales 1 248.9 275.1 244.4 242.2 245.6 251.6 261.3
EBITDA 1 56.24 49.33 30.97 31.42 24.8 20.9 20.2
EBIT 1 53.8 47.15 28.92 28.07 21.02 20.3 21.4
Net income 1 33.75 28.47 8.78 15.31 8.955 9.8 11.2
Net Debt - - - - - - -
Reference price 2 34.740 17.890 12.070 9.740 8.730 9.250 9.250
Nbr of stocks (in thousands) 32,305 31,775 31,115 29,950 27,474 25,349 -
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.($)
34.92x7.31x18.88x1.46% 448B
50.7x17.22x35.96x-.--% 215B
17.54x0.72x12.69x2.56% 158B
30.54x9.71x24.14x0.34% 149B
32.48x6.17x18.05x1.1% 71.51B
29.81x6.73x22.64x1.39% 57.38B
17.66x2.83x12.15x4.05% 48.27B
38.86x1.99x12.95x1.9% 51.13B
140.35x18.07x52.99x-.--% 53.93B
Average 43.65x 7.86x 23.38x 1.42% 139.13B
Weighted average by Cap. 38.59x 8.45x 22.76x 1.24%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA