AudioCodes Ltd. Logo

AudioCodes Ltd.

AUDC.TA

(1.8)
Stock Price

3.123,00 ILA

4.72% ROA

7.45% ROE

21.16x PER

Market Cap.

277.456.260,00 ILA

19.64% DER

3.81% Yield

5.61% NPM

AudioCodes Ltd. Stock Analysis

AudioCodes Ltd. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

AudioCodes Ltd. Fundamental Stock Analysis
# Analysis Rating
1 DER

The stock has a low debt to equity ratio (20%), which means it has a small amount of debt compared to the ownership it holds

2 Dividend

Investors can take comfort in the company's unwavering commitment to dividends, as it has consistently distributed payouts over the past five years, ensuring a reliable income stream.

3 ROE

ROE in an average range (6.82%) suggests satisfactory profitability and decent utilization of shareholders' equity.

4 ROA

The stock's ROA (4.36%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

5 PBV

The stock's PBV ratio (1.81x) reflects a fair valuation, making it an attractive option for investors seeking balanced opportunities.

6 Revenue Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

7 Net Profit Growth

Over the past five years, this company's net profit has failed to exhibit any growth, indicating a stagnant financial performance and making it a less favorable choice for potential investors.

8 Assets Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

9 Graham Number

Based on the Graham number, this company's stock price appears to be higher than its intrinsic value, signaling a potentially unfavorable investment choice.

10 Dividend Growth

The company's dividend growth has remained unchanged for three years, signaling a lack of positive momentum and making it a less favorable investment choice.

11 Buffet Intrinsic Value

The company's stock shows signs of being overvalued (455) according to Warren Buffett's formula, indicating a potential downside as its market price exceeds its estimated intrinsic value.

AudioCodes Ltd. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

AudioCodes Ltd. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

AudioCodes Ltd. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

AudioCodes Ltd. Revenue
Year Revenue Growth
1998 9.200.000
1999 31.204.000 70.52%
2000 71.798.000 56.54%
2001 35.734.000 -100.92%
2002 27.189.000 -31.43%
2003 44.228.000 38.53%
2004 82.756.000 46.56%
2005 115.827.000 28.55%
2006 147.353.000 21.39%
2007 158.235.000 6.88%
2008 174.744.000 9.45%
2009 125.894.000 -38.8%
2010 150.040.000 16.09%
2011 155.827.000 3.71%
2012 127.490.000 -22.23%
2013 137.232.000 7.1%
2014 151.579.000 9.47%
2015 139.759.000 -8.46%
2016 145.571.000 3.99%
2017 156.739.000 7.13%
2018 176.223.000 11.06%
2019 200.287.000 12.01%
2020 220.774.000 9.28%
2021 248.920.000 11.31%
2022 275.093.000 9.51%
2023 246.364.000 -11.66%
2023 244.383.000 -0.81%
2024 241.212.000 -1.31%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

AudioCodes Ltd. Research and Development Expenses
Year Research and Development Expenses Growth
1998 2.100.000
1999 4.812.000 56.36%
2000 10.588.000 54.55%
2001 13.807.000 23.31%
2002 13.022.000 -6.03%
2003 15.476.000 15.86%
2004 20.009.000 22.65%
2005 24.415.000 18.05%
2006 35.416.000 31.06%
2007 40.706.000 13%
2008 37.833.000 -7.59%
2009 29.952.000 -26.31%
2010 30.189.000 0.79%
2011 32.150.000 6.1%
2012 28.677.000 -12.11%
2013 28.194.000 -1.71%
2014 32.275.000 12.64%
2015 27.996.000 -15.28%
2016 29.139.000 3.92%
2017 30.348.000 3.98%
2018 34.661.000 12.44%
2019 41.199.000 15.87%
2020 46.072.000 10.58%
2021 53.396.000 13.72%
2022 59.842.000 10.77%
2023 55.840.000 -7.17%
2023 57.169.000 2.32%
2024 52.724.000 -8.43%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

AudioCodes Ltd. General and Administrative Expenses
Year General and Administrative Expenses Growth
1998 0
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 9.219.000 100%
2009 7.821.000 -17.87%
2010 8.252.000 5.22%
2011 9.028.000 8.6%
2012 8.214.000 -9.91%
2013 8.456.000 2.86%
2014 7.677.000 -10.15%
2015 8.726.000 12.02%
2016 6.364.000 -37.12%
2017 8.893.000 28.44%
2018 10.251.000 13.25%
2019 11.778.000 12.96%
2020 14.177.000 16.92%
2021 15.914.000 10.91%
2022 17.494.000 9.03%
2023 15.908.000 -9.97%
2023 16.513.000 3.66%
2024 15.620.000 -5.72%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

AudioCodes Ltd. EBITDA
Year EBITDA Growth
1998 800.000
1999 8.947.000 91.06%
2000 21.131.000 57.66%
2001 -16.226.000 230.23%
2002 -14.482.000 -12.04%
2003 -6.823.000 -112.25%
2004 6.703.000 201.79%
2005 16.217.000 58.67%
2006 10.472.000 -54.86%
2007 3.838.000 -172.85%
2008 16.913.000 77.31%
2009 5.087.000 -232.47%
2010 14.796.000 65.62%
2011 10.496.000 -40.97%
2012 -852.000 1331.92%
2013 5.786.000 114.73%
2014 6.731.000 14.04%
2015 5.669.000 -18.73%
2016 10.646.000 46.75%
2017 12.088.000 11.93%
2018 18.668.000 35.25%
2019 -7.510.000 348.58%
2020 40.618.000 118.49%
2021 41.956.000 3.19%
2022 34.303.000 -22.31%
2023 25.724.000 -33.35%
2023 18.381.000 -39.95%
2024 24.788.000 25.85%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

AudioCodes Ltd. Gross Profit
Year Gross Profit Growth
1998 6.200.000
1999 19.686.000 68.51%
2000 44.695.000 55.95%
2001 13.792.000 -224.06%
2002 14.183.000 2.76%
2003 24.191.000 41.37%
2004 48.381.000 50%
2005 68.834.000 29.71%
2006 86.111.000 20.06%
2007 89.050.000 3.3%
2008 97.289.000 8.47%
2009 69.700.000 -39.58%
2010 83.902.000 16.93%
2011 91.670.000 8.47%
2012 73.196.000 -25.24%
2013 78.668.000 6.96%
2014 88.987.000 11.6%
2015 82.788.000 -7.49%
2016 88.341.000 6.29%
2017 97.845.000 9.71%
2018 110.606.000 11.54%
2019 94.958.000 -16.48%
2020 149.816.000 36.62%
2021 170.891.000 12.33%
2022 178.778.000 4.41%
2023 163.748.000 -9.18%
2023 158.349.000 -3.41%
2024 157.900.000 -0.28%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

AudioCodes Ltd. Net Profit
Year Net Profit Growth
1998 600.000
1999 10.660.000 94.37%
2000 26.679.000 60.04%
2001 -13.273.000 301%
2002 -13.857.000 4.21%
2003 -8.434.000 -64.3%
2004 5.006.000 268.48%
2005 13.436.000 62.74%
2006 6.877.000 -95.38%
2007 -3.885.000 277.01%
2008 -81.340.000 95.22%
2009 -2.085.000 -3801.2%
2010 12.126.000 117.19%
2011 7.164.000 -69.26%
2012 -4.177.000 271.51%
2013 4.218.000 199.03%
2014 -86.000 5004.65%
2015 366.000 123.5%
2016 16.238.000 97.75%
2017 4.030.000 -302.93%
2018 13.493.000 70.13%
2019 3.977.000 -239.28%
2020 27.248.000 85.4%
2021 33.751.000 19.27%
2022 28.466.000 -18.57%
2023 17.008.000 -67.37%
2023 8.780.000 -93.71%
2024 15.096.000 41.84%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

AudioCodes Ltd. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1998 0
1999 0 0%
2000 1 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 -2 100%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 1 0%
2021 1 100%
2022 1 0%
2023 1 0%
2023 0 0%
2024 0 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

AudioCodes Ltd. Free Cashflow
Year Free Cashflow Growth
1998 0
1999 9.461.000 100%
2000 25.650.000 63.12%
2001 -8.489.000 402.16%
2002 -13.796.000 38.47%
2003 -8.426.000 -63.73%
2004 -798.000 -955.89%
2005 10.923.000 107.31%
2006 3.563.000 -206.57%
2007 9.757.000 63.48%
2008 13.253.000 26.38%
2009 19.704.000 32.74%
2010 14.833.000 -32.84%
2011 -2.806.000 628.62%
2012 990.000 383.43%
2013 12.502.000 92.08%
2014 3.318.000 -276.79%
2015 15.586.000 78.71%
2016 16.865.000 7.58%
2017 16.191.000 -4.16%
2018 24.240.000 33.21%
2019 21.220.000 -14.23%
2020 36.946.000 42.56%
2021 46.170.000 19.98%
2022 6.794.000 -579.57%
2023 8.926.000 23.89%
2023 -1.860.000 579.89%
2024 -11.369.000 83.64%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

AudioCodes Ltd. Operating Cashflow
Year Operating Cashflow Growth
1998 500.000
1999 10.366.000 95.18%
2000 28.686.000 63.86%
2001 -5.242.000 647.23%
2002 -11.660.000 55.04%
2003 -6.429.000 -81.37%
2004 3.453.000 286.19%
2005 13.316.000 74.07%
2006 6.630.000 -100.84%
2007 12.386.000 46.47%
2008 16.411.000 24.53%
2009 20.975.000 21.76%
2010 16.402.000 -27.88%
2011 -1.227.000 1436.76%
2012 2.996.000 140.95%
2013 13.928.000 78.49%
2014 5.957.000 -133.81%
2015 17.562.000 66.08%
2016 18.342.000 4.25%
2017 17.765.000 -3.25%
2018 25.580.000 30.55%
2019 23.169.000 -10.41%
2020 38.476.000 39.78%
2021 47.344.000 18.73%
2022 8.281.000 -471.72%
2023 14.891.000 44.39%
2023 178.000 -8265.73%
2024 -2.891.000 106.16%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

AudioCodes Ltd. Capital Expenditure
Year Capital Expenditure Growth
1998 500.000
1999 905.000 44.75%
2000 3.036.000 70.19%
2001 3.247.000 6.5%
2002 2.136.000 -52.01%
2003 1.997.000 -6.96%
2004 4.251.000 53.02%
2005 2.393.000 -77.64%
2006 3.067.000 21.98%
2007 2.629.000 -16.66%
2008 3.158.000 16.75%
2009 1.271.000 -148.47%
2010 1.569.000 18.99%
2011 1.579.000 0.63%
2012 2.006.000 21.29%
2013 1.426.000 -40.67%
2014 2.639.000 45.96%
2015 1.976.000 -33.55%
2016 1.477.000 -33.78%
2017 1.574.000 6.16%
2018 1.340.000 -17.46%
2019 1.949.000 31.25%
2020 1.530.000 -27.39%
2021 1.174.000 -30.32%
2022 1.487.000 21.05%
2023 5.965.000 75.07%
2023 2.038.000 -192.69%
2024 8.478.000 75.96%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

AudioCodes Ltd. Equity
Year Equity Growth
1998 5.100.000
1999 120.325.000 95.76%
2000 149.720.000 19.63%
2001 131.255.000 -14.07%
2002 113.684.000 -15.46%
2003 106.518.000 -6.73%
2004 121.985.000 12.68%
2005 139.106.000 12.31%
2006 164.685.000 15.53%
2007 174.492.000 5.62%
2008 83.334.000 -109.39%
2009 83.641.000 0.37%
2010 99.180.000 15.67%
2011 106.019.000 6.45%
2012 98.297.000 -7.86%
2013 104.809.000 6.21%
2014 133.721.000 21.62%
2015 117.453.000 -13.85%
2016 108.659.000 -8.09%
2017 92.381.000 -17.62%
2018 94.548.000 2.29%
2019 92.474.000 -2.24%
2020 209.855.000 55.93%
2021 205.498.000 -2.12%
2022 189.760.000 -8.29%
2023 179.221.000 -5.88%
2023 188.112.000 4.73%
2024 188.116.000 0%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

AudioCodes Ltd. Assets
Year Assets Growth
1998 8.700.000
1999 129.522.000 93.28%
2000 174.329.000 25.7%
2001 148.416.000 -17.46%
2002 130.114.000 -14.07%
2003 128.530.000 -1.23%
2004 272.145.000 52.77%
2005 292.223.000 6.87%
2006 337.056.000 13.3%
2007 344.487.000 2.16%
2008 230.482.000 -49.46%
2009 147.533.000 -56.22%
2010 173.718.000 15.07%
2011 192.677.000 9.84%
2012 166.004.000 -16.07%
2013 174.220.000 4.72%
2014 200.444.000 13.08%
2015 189.263.000 -5.91%
2016 186.976.000 -1.22%
2017 170.938.000 -9.38%
2018 176.173.000 2.97%
2019 243.886.000 27.76%
2020 358.123.000 31.9%
2021 349.271.000 -2.53%
2022 323.831.000 -7.86%
2023 329.486.000 1.72%
2023 337.517.000 2.38%
2024 329.763.000 -2.35%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

AudioCodes Ltd. Liabilities
Year Liabilities Growth
1998 3.600.000
1999 9.197.000 60.86%
2000 24.609.000 62.63%
2001 17.161.000 -43.4%
2002 16.430.000 -4.45%
2003 22.012.000 25.36%
2004 150.160.000 85.34%
2005 153.117.000 1.93%
2006 172.371.000 11.17%
2007 169.995.000 -1.4%
2008 147.148.000 -15.53%
2009 63.648.000 -131.19%
2010 74.538.000 14.61%
2011 86.658.000 13.99%
2012 67.707.000 -27.99%
2013 69.411.000 2.45%
2014 66.723.000 -4.03%
2015 71.810.000 7.08%
2016 78.317.000 8.31%
2017 78.557.000 0.31%
2018 81.625.000 3.76%
2019 151.412.000 46.09%
2020 148.268.000 -2.12%
2021 143.773.000 -3.13%
2022 134.071.000 -7.24%
2023 150.265.000 10.78%
2023 149.405.000 -0.58%
2024 141.647.000 -5.48%

AudioCodes Ltd. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
7.81
Net Income per Share
0.44
Price to Earning Ratio
21.16x
Price To Sales Ratio
1.13x
POCF Ratio
13.52
PFCF Ratio
77.46
Price to Book Ratio
1.55
EV to Sales
1.2
EV Over EBITDA
11.38
EV to Operating CashFlow
13.62
EV to FreeCashFlow
81.95
Earnings Yield
0.05
FreeCashFlow Yield
0.01
Market Cap
0,28 Bil.
Enterprise Value
0,29 Bil.
Graham Number
7.67
Graham NetNet
-1.03

Income Statement Metrics

Net Income per Share
0.44
Income Quality
1.57
ROE
0.07
Return On Assets
0.04
Return On Capital Employed
0.08
Net Income per EBT
0.67
EBT Per Ebit
0.96
Ebit per Revenue
0.09
Effective Tax Rate
0.33

Margins

Sales, General, & Administrative to Revenue
0.06
Research & Developement to Revenue
0.22
Stock Based Compensation to Revenue
0.04
Gross Profit Margin
0.66
Operating Profit Margin
0.09
Pretax Profit Margin
0.08
Net Profit Margin
0.06

Dividends

Dividend Yield
0.04
Dividend Yield %
3.81
Payout Ratio
0.81
Dividend Per Share
1.32

Operating Metrics

Operating Cashflow per Share
0.69
Free CashFlow per Share
0.11
Capex to Operating CashFlow
0.83
Capex to Revenue
0.07
Capex to Depreciation
5.87
Return on Invested Capital
0.06
Return on Tangible Assets
0.05
Days Sales Outstanding
95.37
Days Payables Outstanding
22.15
Days of Inventory on Hand
164.54
Receivables Turnover
3.83
Payables Turnover
16.48
Inventory Turnover
2.22
Capex per Share
0.57

Balance Sheet

Cash per Share
1,34
Book Value per Share
5,98
Tangible Book Value per Share
4.76
Shareholders Equity per Share
5.98
Interest Debt per Share
1.18
Debt to Equity
0.2
Debt to Assets
0.11
Net Debt to EBITDA
0.62
Current Ratio
1.86
Tangible Asset Value
0,15 Bil.
Net Current Asset Value
0,00 Bil.
Invested Capital
161251000
Working Capital
0,07 Bil.
Intangibles to Total Assets
0.12
Average Receivables
0,06 Bil.
Average Payables
0,01 Bil.
Average Inventory
39275500
Debt to Market Cap
0.13

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

AudioCodes Ltd. Dividends
Year Dividends Growth
2018 74
2019 82 10.98%
2020 92 10.87%
2021 107 13.21%
2022 116 8.62%
2023 197 41.12%
2024 132 -49.24%

AudioCodes Ltd. Profile

About AudioCodes Ltd.

AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace. The company offers solutions, products, and services for unified communications, contact centers, VoiceAI business line, and service provider business. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services. The company also offers One Voice Operations Center, a voice network management solution; Device Manager for administering business phones and meeting room solutions; AudioCodes Routing Manager for handling call routing in VoIP networks; and User Management Pack 365 simplifies user lifecycle and identity management across Microsoft Teams and Skype for Business deployments. In addition, it provides AudioCodes Live for Microsoft Teams, a portfolio of managed services for simplifying Teams adoption; appliances for Microsoft Skype/Teams for Business such as survivable branch appliances, CCE, and CloudBond 365; and a range of value-added voice applications comprising SmartTAP, Voca, VoiceAI Connect, and Meeting Insights. Further, the company offers managed services; and AudioCodes Live Cloud, a Microsoft Teams software as a service solution that enables service providers to offer their business customers a seamless migration to Microsoft Teams. It primarily markets and sells its products through a direct sales force and sales representatives to original equipment manufacturers, network equipment providers, and systems integrators and distributors in the telecommunications and networking industries. The company primarily operates in the Americas, Europe, the Far East, and Israel. AudioCodes Ltd. was incorporated in 1992 and is headquartered in Lod, Israel.

CEO
Mr. Shabtai Adlersberg
Employee
950
Address
1 Hayarden Street
Lod, 7019900

AudioCodes Ltd. Executives & BODs

AudioCodes Ltd. Executives & BODs
# Name Age
1 Mr. Ofer Nimtsovich
Chief Operating Officer
70
2 Mr. Itamar Rosen
Chief Legal Officer & Company Secretary
70
3 Roger L. Chuchen
Vice President of Investor Relations
70
4 Mr. Shabtai Adlersberg
Co-Founder, President, Chief Executive Officer & Director
70
5 Mr. Niran Baruch
Chief Financial Officer & Vice President of Finance
70
6 Mr. Lior Aldema
Executive Vice President & Chief Business Officer
70
7 Ms. Tal Dor
Vice President of Human Resources
70

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