8.9 USD
+0.22 (+2.53%)
8.9 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to AUDC. AUDC was compared to 48 industry peers in the Communications Equipment industry. AUDC has an excellent profitability rating, but there are some minor concerns on its financial health. AUDC is valued quite cheap, but it does not seem to be growing. This makes AUDC very considerable for value investing!
1. Profitability
1.1 Basic Checks
AUDC had positive earnings in the past year.
In the past year AUDC had a positive cash flow from operations.
In the past 5 years AUDC has always been profitable.
AUDC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
AUDC's Return On Assets of 4.17% is fine compared to the rest of the industry. AUDC outperforms 75.00% of its industry peers.
AUDC has a better Return On Equity (7.96%) than 75.00% of its industry peers.
With a decent Return On Invested Capital value of 3.97%, AUDC is doing good in the industry, outperforming 60.42% of the companies in the same industry.
AUDC had an Average Return On Invested Capital over the past 3 years of 5.40%. This is significantly below the industry average of 12.31%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.17% | ||
| ROE | 7.96% | ||
| ROIC | 3.97% |
ROA(3y)5.32%
ROA(5y)6.65%
ROE(3y)9.22%
ROE(5y)11.41%
ROIC(3y)5.4%
ROIC(5y)6.93%
1.3 Margins
With a decent Profit Margin value of 5.65%, AUDC is doing good in the industry, outperforming 68.75% of the companies in the same industry.
AUDC's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 6.45%, AUDC is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
AUDC's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 65.12%, AUDC belongs to the best of the industry, outperforming 91.67% of the companies in the same industry.
In the last couple of years the Gross Margin of AUDC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.45% | ||
| PM (TTM) | 5.65% | ||
| GM | 65.12% |
OM growth 3Y-21.56%
OM growth 5YN/A
PM growth 3Y-22.5%
PM growth 5Y25.92%
GM growth 3Y-1.66%
GM growth 5Y6.61%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AUDC is destroying value.
Compared to 1 year ago, AUDC has less shares outstanding
The number of shares outstanding for AUDC has been increased compared to 5 years ago.
AUDC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
AUDC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACC0.46
WACC8.61%
2.3 Liquidity
AUDC has a Current Ratio of 2.09. This indicates that AUDC is financially healthy and has no problem in meeting its short term obligations.
AUDC's Current ratio of 2.09 is in line compared to the rest of the industry. AUDC outperforms 56.25% of its industry peers.
A Quick Ratio of 1.82 indicates that AUDC should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.82, AUDC is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.09 | ||
| Quick Ratio | 1.82 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.06% over the past year.
AUDC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.45% yearly.
Looking at the last year, AUDC shows a small growth in Revenue. The Revenue has grown by 0.15% in the last year.
The Revenue has been growing slightly by 3.87% on average over the past years.
EPS 1Y (TTM)5.06%
EPS 3Y-16.47%
EPS 5Y-0.45%
EPS Q2Q%6.25%
Revenue 1Y (TTM)0.15%
Revenue growth 3Y-0.91%
Revenue growth 5Y3.87%
Sales Q2Q%2.16%
3.2 Future
AUDC is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -7.45% yearly.
Based on estimates for the next years, AUDC will show a small growth in Revenue. The Revenue will grow by 1.94% on average per year.
EPS Next Y-33.99%
EPS Next 2Y-14.78%
EPS Next 3Y-7.45%
EPS Next 5YN/A
Revenue Next Year0.53%
Revenue Next 2Y1.83%
Revenue Next 3Y1.94%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 10.72, the valuation of AUDC can be described as very reasonable.
AUDC's Price/Earnings ratio is rather cheap when compared to the industry. AUDC is cheaper than 93.75% of the companies in the same industry.
AUDC is valuated cheaply when we compare the Price/Earnings ratio to 26.34, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 13.93, AUDC is valued correctly.
AUDC's Price/Forward Earnings ratio is rather cheap when compared to the industry. AUDC is cheaper than 83.33% of the companies in the same industry.
AUDC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.56.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.72 | ||
| Fwd PE | 13.93 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AUDC is valued cheaply inside the industry as 89.58% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AUDC indicates a rather cheap valuation: AUDC is cheaper than 97.92% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.59 | ||
| EV/EBITDA | 7.31 |
4.3 Compensation for Growth
The decent profitability rating of AUDC may justify a higher PE ratio.
AUDC's earnings are expected to decrease with -7.45% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-14.78%
EPS Next 3Y-7.45%
5. Dividend
5.1 Amount
AUDC has a Yearly Dividend Yield of 4.41%, which is a nice return.
Compared to an average industry Dividend Yield of 3.36, AUDC pays a better dividend. On top of this AUDC pays more dividend than 93.75% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, AUDC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.41% |
5.2 History
The dividend of AUDC is nicely growing with an annual growth rate of 9.60%!
AUDC has been paying a dividend for over 5 years, so it has already some track record.
AUDC has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)9.6%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
AUDC pays out 79.07% of its income as dividend. This is not a sustainable payout ratio.
AUDC's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP79.07%
EPS Next 2Y-14.78%
EPS Next 3Y-7.45%
8.9
+0.22 (+2.53%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)
Earnings (Next)
Inst Owners42.01%
Inst Owner Change-5.71%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap244.48M
Revenue(TTM)244.55M
Net Income(TTM)13.83M
Analysts80
Price Target10.97 (23.26%)
Short Float %1.66%
Short Ratio3.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.41% |
Yearly Dividend0.36
Dividend Growth(5Y)9.6%
DP79.07%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)31.22%
Min EPS beat(2)-11.16%
Max EPS beat(2)73.61%
EPS beat(4)2
Avg EPS beat(4)26.28%
Min EPS beat(4)-18.3%
Max EPS beat(4)73.61%
EPS beat(8)3
Avg EPS beat(8)6.69%
EPS beat(12)5
Avg EPS beat(12)7.2%
EPS beat(16)5
Avg EPS beat(16)3.99%
Revenue beat(2)0
Avg Revenue beat(2)-0.73%
Min Revenue beat(2)-0.92%
Max Revenue beat(2)-0.55%
Revenue beat(4)0
Avg Revenue beat(4)-1.36%
Min Revenue beat(4)-2.09%
Max Revenue beat(4)-0.55%
Revenue beat(8)0
Avg Revenue beat(8)-2.29%
Revenue beat(12)0
Avg Revenue beat(12)-2.8%
Revenue beat(16)0
Avg Revenue beat(16)-2.62%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)29.63%
EPS NY rev (1m)15.52%
EPS NY rev (3m)15.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.72 | ||
| Fwd PE | 13.93 | ||
| P/S | 1 | ||
| P/FCF | 7.59 | ||
| P/OCF | 6.03 | ||
| P/B | 1.41 | ||
| P/tB | 1.8 | ||
| EV/EBITDA | 7.31 |
EPS(TTM)0.83
EY9.33%
EPS(NY)0.64
Fwd EY7.18%
FCF(TTM)1.17
FCFY13.17%
OCF(TTM)1.48
OCFY16.58%
SpS8.9
BVpS6.32
TBVpS4.95
PEG (NY)N/A
PEG (5Y)N/A
Graham Number10.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.17% | ||
| ROE | 7.96% | ||
| ROCE | 6.5% | ||
| ROIC | 3.97% | ||
| ROICexc | 5.7% | ||
| ROICexgc | 7.33% | ||
| OM | 6.45% | ||
| PM (TTM) | 5.65% | ||
| GM | 65.12% | ||
| FCFM | 13.17% |
ROA(3y)5.32%
ROA(5y)6.65%
ROE(3y)9.22%
ROE(5y)11.41%
ROIC(3y)5.4%
ROIC(5y)6.93%
ROICexc(3y)6.69%
ROICexc(5y)8.91%
ROICexgc(3y)8.35%
ROICexgc(5y)11.16%
ROCE(3y)8.84%
ROCE(5y)11.34%
ROICexgc growth 3Y-26.53%
ROICexgc growth 5YN/A
ROICexc growth 3Y-25.38%
ROICexc growth 5YN/A
OM growth 3Y-21.56%
OM growth 5YN/A
PM growth 3Y-22.5%
PM growth 5Y25.92%
GM growth 3Y-1.66%
GM growth 5Y6.61%
F-Score7
Asset Turnover0.74
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 199.05% | ||
| Cap/Sales | 3.41% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 203.2% | ||
| Profit Quality | 232.88% | ||
| Current Ratio | 2.09 | ||
| Quick Ratio | 1.82 | ||
| Altman-Z | N/A |
F-Score7
WACC8.61%
ROIC/WACC0.46
Cap/Depr(3y)301.69%
Cap/Depr(5y)204.12%
Cap/Sales(3y)4.34%
Cap/Sales(5y)2.83%
Profit Quality(3y)65.72%
Profit Quality(5y)93.92%
High Growth Momentum
Growth
EPS 1Y (TTM)5.06%
EPS 3Y-16.47%
EPS 5Y-0.45%
EPS Q2Q%6.25%
EPS Next Y-33.99%
EPS Next 2Y-14.78%
EPS Next 3Y-7.45%
EPS Next 5YN/A
Revenue 1Y (TTM)0.15%
Revenue growth 3Y-0.91%
Revenue growth 5Y3.87%
Sales Q2Q%2.16%
Revenue Next Year0.53%
Revenue Next 2Y1.83%
Revenue Next 3Y1.94%
Revenue Next 5YN/A
EBIT growth 1Y-22.44%
EBIT growth 3Y-22.28%
EBIT growth 5YN/A
EBIT Next Year-21.96%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y8157.69%
FCF growth 3Y-38.06%
FCF growth 5Y-12.36%
OCF growth 1Y572.42%
OCF growth 3Y-9.36%
OCF growth 5Y8.76%
AUDIOCODES LTD / AUDC FAQ
What is the ChartMill fundamental rating of AUDIOCODES LTD (AUDC) stock?
ChartMill assigns a fundamental rating of 6 / 10 to AUDC.
Can you provide the valuation status for AUDIOCODES LTD?
ChartMill assigns a valuation rating of 7 / 10 to AUDIOCODES LTD (AUDC). This can be considered as Undervalued.
Can you provide the profitability details for AUDIOCODES LTD?
AUDIOCODES LTD (AUDC) has a profitability rating of 7 / 10.
How financially healthy is AUDIOCODES LTD?
The financial health rating of AUDIOCODES LTD (AUDC) is 6 / 10.
What is the expected EPS growth for AUDIOCODES LTD (AUDC) stock?
The Earnings per Share (EPS) of AUDIOCODES LTD (AUDC) is expected to decline by -33.99% in the next year.