Company Valuation: AudioCodes Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 1,122 568.5 375.6 291.7 239.8 236.6 -
Change - -49.35% -33.93% -22.33% -17.78% -1.37% -
Enterprise Value (EV) 1,122 568.5 375.6 291.7 239.8 236.6 236.6
Change - -49.35% -33.93% -22.33% -17.78% -1.37% 0%
P/E 34.7x 20.3x 43.1x - 28.2x 34.4x 25.3x
PBR - - - - - - -
PEG - -1.7x -0.6x - - -3.55x 0.7x
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 11x 11.9x
EV / EBIT 0x 0x 0x 0x 0x 12.4x 11.8x
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 34.740 17.890 12.070 9.740 8.730 9.620 9.620
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.($)
34.16x7.15x18.48x1.49% 438B
49.68x17.57x35.26x-.--% 238B
21.18x0.85x15.19x2.19% 185B
29.11x9.53x25.55x0.38% 164B
34.84x6.73x19.21x0.97% 79.51B
41.03x12.12x27.41x-.--% 77.74B
41.86x2.21x14.38x1.72% 57.23B
29.46x6.67x22.31x1.4% 56.86B
75.84x8.86x40.85x-.--% 56.03B
Average 39.68x 7.97x 24.29x 0.9% 150.31B
Weighted average by Cap. 36.79x 8.51x 23.31x 1.02%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA