AUDC Stock Overview
AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$22.00|
|52 Week High||US$37.35|
|52 Week Low||US$19.62|
|1 Month Change||-11.93%|
|3 Month Change||-22.62%|
|1 Year Change||-31.03%|
|3 Year Change||44.74%|
|5 Year Change||227.38%|
|Change since IPO||157.88%|
Recent News & Updates
|AUDC||US Communications||US Market|
Return vs Industry: AUDC underperformed the US Communications industry which returned -4.8% over the past year.
Return vs Market: AUDC underperformed the US Market which returned -10.8% over the past year.
|AUDC Average Weekly Movement||5.6%|
|Communications Industry Average Movement||7.3%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: AUDC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: AUDC's weekly volatility (6%) has been stable over the past year.
About the Company
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.
AudioCodes Fundamentals Summary
|AUDC fundamental statistics|
Is AUDC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AUDC income statement (TTM)|
|Cost of Revenue||US$81.46m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.01|
|Net Profit Margin||12.62%|
How did AUDC perform over the long term?See historical performance and comparison
1.6%Current Dividend Yield
Is AudioCodes undervalued compared to its fair value and its price relative to the market?
Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AUDC ($22) is trading below our estimate of fair value ($28.62)
Significantly Below Fair Value: AUDC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AUDC is poor value based on its PE Ratio (21.7x) compared to the US Communications industry average (21.4x).
PE vs Market: AUDC is poor value based on its PE Ratio (21.7x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: AUDC is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: AUDC is overvalued based on its PB Ratio (3.7x) compared to the US Communications industry average (1.7x).
How is AudioCodes forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AUDC's forecast earnings growth (17.3% per year) is above the savings rate (1.9%).
Earnings vs Market: AUDC's earnings (17.3% per year) are forecast to grow faster than the US market (12.5% per year).
High Growth Earnings: AUDC's earnings are forecast to grow, but not significantly.
Revenue vs Market: AUDC's revenue (12.6% per year) is forecast to grow faster than the US market (7.9% per year).
High Growth Revenue: AUDC's revenue (12.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AUDC's Return on Equity is forecast to be high in 3 years time
How has AudioCodes performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AUDC has high quality earnings.
Growing Profit Margin: AUDC's current net profit margins (12.6%) are lower than last year (14.1%).
Past Earnings Growth Analysis
Earnings Trend: AUDC's earnings have grown significantly by 25.6% per year over the past 5 years.
Accelerating Growth: AUDC's earnings growth over the past year (1.2%) is below its 5-year average (25.6% per year).
Earnings vs Industry: AUDC earnings growth over the past year (1.2%) underperformed the Communications industry 38.2%.
Return on Equity
High ROE: AUDC's Return on Equity (17.2%) is considered low.
How is AudioCodes's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: AUDC's short term assets ($129.6M) exceed its short term liabilities ($89.8M).
Long Term Liabilities: AUDC's short term assets ($129.6M) exceed its long term liabilities ($43.5M).
Debt to Equity History and Analysis
Debt Level: AUDC is debt free.
Reducing Debt: AUDC has no debt compared to 5 years ago when its debt to equity ratio was 10.4%.
Debt Coverage: AUDC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AUDC has no debt, therefore coverage of interest payments is not a concern.
What is AudioCodes's current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AUDC's dividend (1.64%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: AUDC's dividend (1.64%) is low compared to the top 25% of dividend payers in the US market (4.06%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, AUDC has been paying a dividend for less than 10 years.
Growing Dividend: AUDC's dividend payments have increased, but the company has only paid a dividend for 4 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (35.2%), AUDC's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (33.9%), AUDC's dividend payments are well covered by cash flows.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Shabtai Adlersberg (68 yo)
Mr. Shabtai Adlersberg serves as the Chief Executive Officer of AudioCodes, Inc. Mr. Adlersberg co-founded Audiocodes Ltd. in 1993 and has been its Chief Executive Officer and President since 1993. Until D...
CEO Compensation Analysis
Compensation vs Market: Shabtai's total compensation ($USD3.75M) is about average for companies of similar size in the US market ($USD3.91M).
Compensation vs Earnings: Shabtai's compensation has been consistent with company performance over the past year.
Experienced Management: AUDC's management team is seasoned and experienced (5.8 years average tenure).
Experienced Board: AUDC's board of directors are seasoned and experienced ( 14.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
AudioCodes Ltd.'s employee growth, exchange listings and data sources
- Name: AudioCodes Ltd.
- Ticker: AUDC
- Exchange: NasdaqGS
- Founded: 1992
- Industry: Communications Equipment
- Sector: Tech
- Implied Market Cap: US$672.524m
- Shares outstanding: 31.90m
- Website: https://www.audiocodes.com
Number of Employees
- AudioCodes Ltd.
- 1 Hayarden Street
- Airport City
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/17 00:00|
|End of Day Share Price||2022/05/17 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.