AudioCodes Ltd
AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace worldwide. The company offers solutions, products, and services for unified communications, contact centers, and hosted business services. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and serve… Read more
AudioCodes Ltd (AUDC) - Net Assets
Latest net assets as of December 2025: $171.30 Million USD
Based on the latest financial reports, AudioCodes Ltd (AUDC) has net assets worth $171.30 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($323.16 Million) and total liabilities ($151.86 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $171.30 Million |
| % of Total Assets | 53.01% |
| Annual Growth Rate | 13.9% |
| 5-Year Change | -16.64% |
| 10-Year Change | 57.65% |
| Growth Volatility | 426.77 |
AudioCodes Ltd - Net Assets Trend (1998–2025)
This chart illustrates how AudioCodes Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AudioCodes Ltd (1998–2025)
The table below shows the annual net assets of AudioCodes Ltd from 1998 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $171.30 Million | -10.70% |
| 2024-12-31 | $191.81 Million | +1.97% |
| 2023-12-31 | $188.11 Million | -0.87% |
| 2022-12-31 | $189.76 Million | -7.66% |
| 2021-12-31 | $205.50 Million | -2.08% |
| 2020-12-31 | $209.85 Million | +126.93% |
| 2019-12-31 | $92.47 Million | -2.19% |
| 2018-12-31 | $94.55 Million | +2.35% |
| 2017-12-31 | $92.38 Million | -14.98% |
| 2016-12-31 | $108.66 Million | -7.49% |
| 2015-12-31 | $117.45 Million | -12.17% |
| 2014-12-31 | $133.72 Million | +27.59% |
| 2013-12-31 | $104.81 Million | +6.62% |
| 2012-12-31 | $98.30 Million | -7.28% |
| 2011-12-31 | $106.02 Million | +6.90% |
| 2010-12-31 | $99.18 Million | +18.23% |
| 2009-12-31 | $83.89 Million | +0.66% |
| 2008-12-31 | $83.33 Million | -52.24% |
| 2007-12-31 | $174.49 Million | +5.96% |
| 2006-12-31 | $164.69 Million | +18.39% |
| 2005-12-31 | $139.11 Million | +14.04% |
| 2004-12-31 | $121.98 Million | +14.52% |
| 2003-12-31 | $106.52 Million | -6.30% |
| 2002-12-31 | $113.68 Million | -13.39% |
| 2001-12-31 | $131.25 Million | -12.33% |
| 2000-12-31 | $149.72 Million | +24.43% |
| 1999-12-31 | $120.33 Million | +2259.31% |
| 1998-12-31 | $5.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AudioCodes Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 20000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $171.30 Million | 100.00% |
| Total Equity | $171.30 Million | 100.00% |
AudioCodes Ltd Competitors by Market Cap
The table below lists competitors of AudioCodes Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lanzhou Zhuangyuan Pasture Co Ltd
SHE:002910
|
$148.39 Million |
|
Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S.
IS:AHGAZ
|
$148.40 Million |
|
Morris State Bancshares Inc
OTCQX:MBLU
|
$148.42 Million |
|
ADVANCEDADVT LTD. ORD NPV
F:06P0
|
$148.50 Million |
|
ARTRYA Ltd
AU:AYA
|
$148.36 Million |
|
VIVO Cannabis Inc
PINK:ABCCF
|
$148.26 Million |
|
Albatron Technology Co Ltd
TWO:5386
|
$148.21 Million |
|
Shenyang Cuihua Gold and Silver Jewelry Co Ltd
SHE:002731
|
$148.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AudioCodes Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 191,814,000 to 171,299,000, a change of -20,515,000 (-10.7%).
- Net income of 8,955,000 contributed positively to equity growth.
- Dividend payments of 10,934,000 reduced retained earnings.
- Share repurchases of 30,599,000 reduced equity.
- Other comprehensive income decreased equity by 1,114,000.
- Other factors increased equity by 13,177,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.96 Million | +5.23% |
| Dividends Paid | $10.93 Million | -6.38% |
| Share Repurchases | $30.60 Million | -17.86% |
| Other Comprehensive Income | $-1.11 Million | -0.65% |
| Other Changes | $13.18 Million | +7.69% |
| Total Change | $- | -10.70% |
Book Value vs Market Value Analysis
This analysis compares AudioCodes Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.44x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 25.54x to 1.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $0.33 | $8.51 | x |
| 1999-12-31 | $3.33 | $8.51 | x |
| 2000-12-31 | $3.48 | $8.51 | x |
| 2001-12-31 | $3.63 | $8.51 | x |
| 2002-12-31 | $2.93 | $8.51 | x |
| 2003-12-31 | $2.84 | $8.51 | x |
| 2004-12-31 | $2.92 | $8.51 | x |
| 2005-12-31 | $3.21 | $8.51 | x |
| 2006-12-31 | $3.83 | $8.51 | x |
| 2007-12-31 | $4.04 | $8.51 | x |
| 2008-12-31 | $2.02 | $8.51 | x |
| 2009-12-31 | $2.09 | $8.51 | x |
| 2010-12-31 | $2.42 | $8.51 | x |
| 2011-12-31 | $2.53 | $8.51 | x |
| 2012-12-31 | $2.51 | $8.51 | x |
| 2013-12-31 | $2.68 | $8.51 | x |
| 2014-12-31 | $3.16 | $8.51 | x |
| 2015-12-31 | $2.90 | $8.51 | x |
| 2016-12-31 | $3.04 | $8.51 | x |
| 2017-12-31 | $2.87 | $8.51 | x |
| 2018-12-31 | $3.13 | $8.51 | x |
| 2019-12-31 | $3.00 | $8.51 | x |
| 2020-12-31 | $6.38 | $8.51 | x |
| 2021-12-31 | $6.07 | $8.51 | x |
| 2022-12-31 | $5.84 | $8.51 | x |
| 2023-12-31 | $5.96 | $8.51 | x |
| 2024-12-31 | $6.26 | $8.51 | x |
| 2025-12-31 | $5.91 | $8.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AudioCodes Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.65%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.89x
- Recent ROE (5.23%) is above the historical average (1.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 11.76% | 6.52% | 1.06x | 1.71x | $90.00K |
| 1999 | 8.86% | 34.16% | 0.24x | 1.08x | $-1.37 Million |
| 2000 | 17.82% | 37.16% | 0.41x | 1.16x | $11.71 Million |
| 2001 | -10.11% | -37.14% | 0.24x | 1.13x | $-26.40 Million |
| 2002 | -12.19% | -50.97% | 0.21x | 1.14x | $-25.23 Million |
| 2003 | -7.92% | -19.07% | 0.34x | 1.21x | $-19.09 Million |
| 2004 | 4.10% | 6.05% | 0.30x | 2.23x | $-7.19 Million |
| 2005 | 9.66% | 11.60% | 0.40x | 2.10x | $-474.60K |
| 2006 | 4.18% | 4.67% | 0.44x | 2.05x | $-9.59 Million |
| 2007 | -2.23% | -2.46% | 0.46x | 1.97x | $-21.33 Million |
| 2008 | -97.61% | -46.55% | 0.76x | 2.77x | $-89.67 Million |
| 2009 | -2.49% | -1.66% | 0.85x | 1.76x | $-10.47 Million |
| 2010 | 12.23% | 8.08% | 0.86x | 1.75x | $2.21 Million |
| 2011 | 6.76% | 4.60% | 0.81x | 1.82x | $-3.44 Million |
| 2012 | -4.25% | -3.28% | 0.77x | 1.69x | $-14.01 Million |
| 2013 | 4.02% | 3.07% | 0.79x | 1.66x | $-6.26 Million |
| 2014 | -0.06% | -0.06% | 0.76x | 1.50x | $-13.46 Million |
| 2015 | 0.31% | 0.26% | 0.74x | 1.61x | $-11.38 Million |
| 2016 | 14.94% | 11.15% | 0.78x | 1.72x | $5.37 Million |
| 2017 | 4.36% | 2.57% | 0.92x | 1.85x | $-5.21 Million |
| 2018 | 14.27% | 7.66% | 1.00x | 1.86x | $4.04 Million |
| 2019 | 4.30% | 1.99% | 0.82x | 2.64x | $-5.27 Million |
| 2020 | 12.98% | 12.34% | 0.62x | 1.71x | $6.26 Million |
| 2021 | 16.42% | 13.56% | 0.71x | 1.70x | $13.20 Million |
| 2022 | 15.00% | 10.35% | 0.85x | 1.71x | $9.49 Million |
| 2023 | 4.67% | 3.59% | 0.72x | 1.79x | $-10.03 Million |
| 2024 | 7.98% | 6.32% | 0.72x | 1.75x | $-3.87 Million |
| 2025 | 5.23% | 3.65% | 0.76x | 1.89x | $-8.17 Million |
Industry Comparison
This section compares AudioCodes Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,490,345,014
- Average return on equity (ROE) among peers: -191.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AudioCodes Ltd (AUDC) | $171.30 Million | 11.76% | 0.89x | $148.38 Million |
| AAC Technologies Holdings Inc (AACAY) | $14.21 Billion | 28.32% | 0.71x | $4.55 Billion |
| Applied Opt (AAOI) | $115.01 Million | 3.72% | 0.60x | $2.97 Billion |
| Ability Inc (ABILF) | $5.00 Million | -5.60% | 13.35x | $544.32 |
| ADTRAN Inc (ADTN) | $378.43 Million | 20.17% | 0.27x | $785.61 Million |
| ADVA Optical Networking SE (ADVOF) | $176.06 Million | -16.73% | 0.17x | $243.68 Million |
| Airgain Inc (AIRG) | $46.22 Million | 2.47% | 0.22x | $44.70 Million |
| Aerkomm Inc (AKOM) | $24.19 Million | -98.53% | 2.63x | $805.19K |
| Akoustis Technologies, Inc. (AKTSQ) | $-57.09 Million | 0.00% | 0.00x | $135.67K |
| Amplitech Group Inc (AMPG) | $440.28K | -233.03% | 5.39x | $50.17 Million |
| Actelis Networks Inc. (ASNS) | $388.00K | -1620.10% | 27.93x | $465.34K |