AUDC Stock Financial Analysis - AudioCodes Ltd. (TASE) Stock

Overview

AudioCodes Ltd. is a multinational telecommunications company based in Israel, primarily engaged in the development, manufacture, and sale of advanced Voice over IP (VoIP) and converged VoIP and data networking products and applications for service providers and enterprises. Established in 1993, the company plays a critical role in facilitating the transition of global telecommunications infrastructures towards cloud-based networks and services. Key projects and products offered by AudioCodes include IP phones, session border controllers (SBC), and media gateways, which are integral to delivering superior voice quality and multimedia experiences. Additionally, AudioCodes provides comprehensive management and monitoring solutions for complex network environments, thereby enhancing operational efficiencies for businesses transitioning to all-IP voice infrastructure.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for AudioCodes Ltd. as of 30 June 2025 is 243.25 MM.
The operating income for AudioCodes Ltd. as of 30 June 2025 is 15.22 MM.
The net income for AudioCodes Ltd. as of 30 June 2025 is 13.78 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	243.25	15.22	13.78
2025-03-31	242.47	17.55	17.24
2024-12-31	242.18	17.19	15.31
2024-09-30	244.18	20.32	12.19
2024-06-30	245.53	21.23	13.76
2024-03-31	245.25	18.55	11.04
2023-12-31	244.38	14.42	8.78
2023-09-30	251.48	15.53	12.67
2023-06-30	259.61	16.76	13.79
2023-03-31	267.95	22.42	19.68
2022-12-31	275.09	31.32	28.47
2022-09-30	270.54	32.25	28.17
2022-06-30	264.22	35.24	31.06
2022-03-31	256.44	37.45	32.37
2021-12-31	248.92	39.52	33.75
2021-09-30	241.49	42.37	34.88
2021-06-30	234.64	43.60	33.58
2021-03-31	227.59	42.31	31.98
2020-12-31	220.77	38.35	27.25
2020-09-30	214.91	32.46	10.63
2020-06-30

Income Statement: EPS

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30
2025-03-31
2024-12-31	0.51	0.50
2024-09-30	0.40	0.40
2024-06-30	0.45	0.45
2024-03-31	0.36	0.36
2023-12-31	0.28	0.28
2023-09-30	0.40	0.40
2023-06-30	0.43	0.43
2023-03-31	0.62	0.61
2022-12-31	0.89	0.88
2022-09-30	0.88	0.86
2022-06-30	0.96	0.94
2022-03-31	0.99	0.97
2021-12-31	1.03	1.00
2021-09-30	1.06	1.03
2021-06-30	1.02	0.98
2021-03-31	0.99	0.95
2020-12-31	0.87	0.83
2020-09-30	0.35	0.33
2020-06-30	0.27	0.26

Cash Flow: Operations, Investing, Financing

The cash from operating activities for AudioCodes Ltd. as of 30 June 2025 is 44.34 MM.
The cash from investing activities for AudioCodes Ltd. as of 30 June 2025 is 29.23 MM.
The cash from financing activities for AudioCodes Ltd. as of 30 June 2025 is -31.80 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	44.34	29.23	-31.80
2025-03-31	33.73	25.46	-26.47
2024-12-31	35.25	17.81	-24.86
2024-09-30	29.22	-8.59	-24.79
2024-06-30	21.55	-6.57	-30.35
2024-03-31	26.64	6.28	-32.09
2023-12-31	14.89	19.98	-28.86
2023-09-30	6.04	22.21	-25.45
2023-06-30	7.96	15.33	-22.31
2023-03-31	10.57	8.55	-27.52
2022-12-31	8.28	-19.67	-48.60
2022-09-30	12.11	-24.65	-56.12
2022-06-30	23.02	-45.52	-63.78
2022-03-31	35.26	-47.90	-62.73
2021-12-31	47.34	42.62	-51.48
2021-09-30	53.18	18.61	-41.88
2021-06-30	51.04	-71.34	-27.02
2021-03-31	44.71	-69.52	65.78
2020-12-31	38.48	-139.31	77.09
2020-09-30	30.80	-101.84	77.60
2020-06-30

Valuation Metrics : PE, PriceToBook, PriceToTBV

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2021-06-30
2021-03-31
2020-12-31
2020-09-30
2020-06-30

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2021-06-30
2021-03-31
2020-12-31
2020-09-30
2020-06-30

Management Effectiveness

The roa for AudioCodes Ltd. as of 30 June 2025 is 0.05.
The roe for AudioCodes Ltd. as of 30 June 2025 is 0.09.
The roic for AudioCodes Ltd. as of 30 June 2025 is 0.08.
The croic for AudioCodes Ltd. as of 30 June 2025 is 0.15.
The ocroic for AudioCodes Ltd. as of 30 June 2025 is 0.15.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	0.05	0.09	0.08	0.15	0.15
2025-03-31	0.05	0.08	0.07	0.12	0.15
2024-12-31	0.04	0.08	0.05	-0.02	0.13
2024-09-30	0.04	0.07	0.06	-0.07	0.10
2024-06-30	0.03	0.06	0.05	0.00	0.12
2024-03-31	0.03	0.05	0.04	0.03	0.07
2023-12-31	0.04	0.07	0.06	0.01	0.03
2023-09-30	0.04	0.08	0.07	0.00	0.04
2023-06-30	0.04	0.08	0.07	0.00	0.04
2023-03-31	0.06	0.10	0.10	-0.04	0.05
2022-12-31	0.08	0.14	0.15	-0.36	0.06
2022-09-30	0.08	0.14	0.15	-0.36	0.06
2022-06-30	0.09	0.15	0.16	-0.43	0.12
2022-03-31	0.09	0.16	0.16	-0.37	0.17
2021-12-31	0.09	0.16	0.15	0.17	0.21
2021-09-30	0.10	0.18	0.15	0.13	0.24
2021-06-30	0.10	0.17	0.14	-0.20	0.22
2021-03-31	0.13	0.33	0.14	0.18	0.19
2020-12-31	0.11	0.29	0.11	-0.10	0.16
2020-09-30	0.05	0.11	0.05	0.03	0.14
2020-06-30	0.04	0.08	0.04	0.48	0.11

Gross Margins

The gross margin for AudioCodes Ltd. as of 30 June 2025 is 0.65.
The net margin for AudioCodes Ltd. as of 30 June 2025 is 0.07.
The operating margin for AudioCodes Ltd. as of 30 June 2025 is 0.07.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.65	0.07	0.07
2025-03-31	0.65	0.06	0.07
2024-12-31	0.65	0.05	0.08
2024-09-30	0.66	0.06	0.09
2024-06-30	0.65	0.05	0.08
2024-03-31	0.65	0.04	0.06
2023-12-31	0.65	0.05	0.06
2023-09-30	0.64	0.05	0.06
2023-06-30	0.64	0.05	0.06
2023-03-31	0.64	0.07	0.08
2022-12-31	0.65	0.10	0.12
2022-09-30	0.65	0.10	0.12
2022-06-30	0.67	0.12	0.13
2022-03-31	0.68	0.13	0.15
2021-12-31	0.69	0.14	0.16
2021-09-30	0.70	0.14	0.18
2021-06-30	0.69	0.14	0.19
2021-03-31	0.68	0.14	0.19
2020-12-31	0.68	0.12	0.17
2020-09-30	0.66	0.05	0.15
2020-06-30	0.65	0.04	0.13

DE:AU1	€8.05
US:AUDC	US$9.67