AudioCodes Ltd (AUDC) - Net Assets
Based on the latest financial reports, AudioCodes Ltd (AUDC) has net assets worth ILA173.74 Million ILA (≈ $465.79K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA331.80 Million ≈ $889.55K USD) and total liabilities (ILA158.06 Million ≈ $423.76K USD). 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. Check AUDC financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ILA173.74 Million |
| % of Total Assets | 52.36% |
| Annual Growth Rate | 3.67% |
| 5-Year Change | -8.6% |
| 10-Year Change | 63.31% |
| Growth Volatility | 39.9 |
AudioCodes Ltd - Net Assets Trend (2014–2024)
This chart illustrates how AudioCodes Ltd's net assets have evolved over time, based on quarterly financial data. Also explore AudioCodes Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for AudioCodes Ltd (2014–2024)
The table below shows the annual net assets of AudioCodes Ltd from 2014 to 2024. For live valuation and market cap data, see AUDC company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA191.81 Million ≈ $514.25K |
+1.97% |
| 2023-12-31 | ILA188.11 Million ≈ $504.32K |
-0.87% |
| 2022-12-31 | ILA189.76 Million ≈ $508.74K |
-7.66% |
| 2021-12-31 | ILA205.50 Million ≈ $550.93K |
-2.08% |
| 2020-12-31 | ILA209.85 Million ≈ $562.61K |
+126.93% |
| 2019-12-31 | ILA92.47 Million ≈ $247.92K |
-2.19% |
| 2018-12-31 | ILA94.55 Million ≈ $253.48K |
+2.35% |
| 2017-12-31 | ILA92.38 Million ≈ $247.67K |
-14.98% |
| 2016-12-31 | ILA108.66 Million ≈ $291.31K |
-7.49% |
| 2015-12-31 | ILA117.45 Million ≈ $314.89K |
-12.17% |
| 2014-12-31 | ILA133.72 Million ≈ $358.50K |
-- |
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 8607400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA25.20 Million | 13.14% |
| Other Components | ILA166.61 Million | 86.86% |
| Total Equity | ILA191.81 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 |
|---|---|
|
Deep Value Driller AS
OL:DVD
|
$200.09 Million |
|
Gamehost Inc.
TO:GH
|
$200.16 Million |
|
Instabank ASA
OL:INSTA
|
$200.27 Million |
|
Mediantechn
PA:ALMDT
|
$200.33 Million |
|
Senao Networks
TWO:3558
|
$200.03 Million |
|
Dream Office Real Estate Investment Trust
TO:D-UN
|
$200.01 Million |
|
Gotland Rederi AB Series B
ST:GOTL-B
|
$200.00 Million |
|
Citizens Community Bancorp Inc
NASDAQ:CZWI
|
$199.99 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 2023 to 2024, total equity changed from 188,112,000 to 191,814,000, a change of 3,702,000 (2.0%).
- Net income of 15,311,000 contributed positively to equity growth.
- Dividend payments of 10,896,000 reduced retained earnings.
- Share repurchases of 14,328,000 reduced equity.
- Other factors increased equity by 13,615,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA15.31 Million | +7.98% |
| Dividends Paid | ILA10.90 Million | -5.68% |
| Share Repurchases | ILA14.33 Million | -7.47% |
| Other Changes | ILA13.62 Million | +7.1% |
| Total Change | ILA- | 1.97% |
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: 402.61x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 829.29x to 402.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ILA3.14 | ILA2602.00 | x |
| 2018-12-31 | ILA3.25 | ILA2602.00 | x |
| 2019-12-31 | ILA3.13 | ILA2602.00 | x |
| 2020-12-31 | ILA6.36 | ILA2602.00 | x |
| 2021-12-31 | ILA6.36 | ILA2602.00 | x |
| 2022-12-31 | ILA5.99 | ILA2602.00 | x |
| 2023-12-31 | ILA6.17 | ILA2602.00 | x |
| 2024-12-31 | ILA6.46 | ILA2602.00 | 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): 7.98%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.32%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.75x
- Recent ROE (7.98%) is below the historical average (8.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -0.06% | -0.06% | 0.76x | 1.50x | ILA-13.46 Million |
| 2015 | 0.31% | 0.26% | 0.74x | 1.62x | ILA-11.38 Million |
| 2016 | 14.94% | 11.15% | 0.78x | 1.72x | ILA5.37 Million |
| 2017 | 4.36% | 2.57% | 0.92x | 1.85x | ILA-5.21 Million |
| 2018 | 14.27% | 7.66% | 0.98x | 1.90x | ILA4.04 Million |
| 2019 | 4.30% | 1.99% | 0.82x | 2.64x | ILA-5.27 Million |
| 2020 | 12.98% | 12.34% | 0.62x | 1.71x | ILA6.26 Million |
| 2021 | 16.42% | 13.56% | 0.71x | 1.70x | ILA13.20 Million |
| 2022 | 15.00% | 10.35% | 0.85x | 1.71x | ILA9.49 Million |
| 2023 | 4.67% | 3.59% | 0.72x | 1.79x | ILA-10.03 Million |
| 2024 | 7.98% | 6.32% | 0.72x | 1.75x | ILA-3.87 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: $155,001,000
- Average return on equity (ROE) among peers: 2.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AudioCodes Ltd (AUDC) | ILA173.74 Million | -0.06% | 0.91x | $200.05 Million |
| C. Mer Industries Ltd (CMER) | $217.46 Million | 21.51% | 1.72x | $176.22 Million |
| Gilat Satellite Networks Ltd (GILT) | $30.50 Million | 13.44% | 0.14x | $1.03 Billion |
| Micronet Ltd (MCRNT) | $35.85 Million | -21.97% | 0.09x | $9.37 Million |
| Rapac Communication & Infrastructure Ltd (RPAC) | $336.19 Million | -1.15% | 3.56x | $387.99 Million |
About 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