AudioCodes Enterprise Value vs Free Cash Flow per Share Analysis
AUDC Stock | USD 9.94 0.03 0.30% |
AudioCodes financial indicator trend analysis is way more than just evaluating AudioCodes prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AudioCodes is a good investment. Please check the relationship between AudioCodes Enterprise Value and its Free Cash Flow Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AudioCodes. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade AudioCodes Stock refer to our How to Trade AudioCodes Stock guide.
Enterprise Value vs Free Cash Flow Per Share
Enterprise Value vs Free Cash Flow per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AudioCodes Enterprise Value account and Free Cash Flow per Share. At this time, the significance of the direction appears to have strong relationship.
The correlation between AudioCodes' Enterprise Value and Free Cash Flow per Share is 0.76. Overlapping area represents the amount of variation of Enterprise Value that can explain the historical movement of Free Cash Flow per Share in the same time period over historical financial statements of AudioCodes, assuming nothing else is changed. The correlation between historical values of AudioCodes' Enterprise Value and Free Cash Flow per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Enterprise Value of AudioCodes are associated (or correlated) with its Free Cash Flow per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow per Share has no effect on the direction of Enterprise Value i.e., AudioCodes' Enterprise Value and Free Cash Flow per Share go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Enterprise Value
Enterprise Value (or EV) is usually referred to as AudioCodes theoretical takeover price. In the event of an acquisition, an acquirer would have to take on AudioCodes debt, but would also pocket its cash. Enterprise Value is more accurate representation of AudioCodes value than its market capitalization because it takes into account all of AudioCodes existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Most indicators from AudioCodes' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AudioCodes current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AudioCodes. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade AudioCodes Stock refer to our How to Trade AudioCodes Stock guide.At present, AudioCodes' Enterprise Value Over EBITDA is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 23.05, whereas Selling General Administrative is forecasted to decline to about 12.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 621K | 2.9M | 1.6M | 1.1M | Depreciation And Amortization | 2.4M | 3.0M | 2.6M | 3.5M |
AudioCodes fundamental ratios Correlations
Click cells to compare fundamentals
AudioCodes Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AudioCodes fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 243.9M | 358.1M | 349.3M | 323.8M | 337.5M | 236.4M | |
Other Current Liab | 46.2M | 40.2M | 38.4M | 38.3M | 29.9M | 20.5M | |
Total Current Liabilities | 97.4M | 94.8M | 95.9M | 94.5M | 84.2M | 51.4M | |
Total Stockholder Equity | 92.5M | 209.9M | 205.5M | 189.8M | 188.1M | 136.9M | |
Property Plant And Equipment Net | 33.6M | 30.0M | 20.9M | 17.5M | 47.6M | 50.0M | |
Net Debt | (29.9M) | (11.1M) | (59.9M) | (10.8M) | 8.5M | 9.0M | |
Retained Earnings | (35.2M) | (16.4M) | 6.5M | 23.4M | 20.8M | 21.8M | |
Accounts Payable | 6.6M | 7.0M | 7.9M | 11.3M | 7.6M | 7.9M | |
Cash | 64.8M | 40.9M | 79.4M | 24.5M | 30.8M | 34.2M | |
Non Current Assets Total | 111.3M | 154.5M | 181.7M | 173.9M | 194.9M | 102.1M | |
Non Currrent Assets Other | 694K | 20.7M | 22.8M | 31.0M | 17.2M | 17.5M | |
Cash And Short Term Investments | 64.8M | 41.4M | 80.1M | 41.9M | 38.2M | 43.4M | |
Net Receivables | 33.1M | 43.1M | 58.2M | 66.4M | 51.1M | 31.2M | |
Common Stock Shares Outstanding | 30.8M | 32.9M | 33.8M | 32.5M | 31.6M | 29.6M | |
Short Term Investments | 6.4M | 449K | 669K | 17.4M | 7.4M | 7.1M | |
Liabilities And Stockholders Equity | 243.9M | 358.1M | 349.3M | 323.8M | 337.5M | 236.4M | |
Non Current Liabilities Total | 54.0M | 53.5M | 47.8M | 39.6M | 65.2M | 48.1M | |
Inventory | 28.3M | 29.2M | 24.0M | 36.4M | 44.0M | 46.2M | |
Other Stockholder Equity | 127.6M | 224.4M | 199.1M | 177.2M | 171.1M | 157.4M | |
Total Liab | 151.4M | 148.3M | 143.8M | 134.1M | 149.4M | 99.5M | |
Property Plant And Equipment Gross | 34.1M | 30.0M | 20.9M | 17.5M | 68.1M | 71.5M | |
Total Current Assets | 132.6M | 203.6M | 167.6M | 149.9M | 142.7M | 134.3M | |
Accumulated Other Comprehensive Income | (32.3M) | 1.8M | (223K) | (11.0M) | (3.9M) | (4.1M) | |
Other Current Assets | 6.4M | 89.9M | 5.3M | 5.2M | 9.4M | 8.9M | |
Common Stock | 94K | 105K | 107K | 109K | 110K | 90.4K | |
Other Liab | 40.9M | 34.1M | 36.4M | 34.1M | 39.2M | 41.1M | |
Other Assets | 40.4M | 32.7M | 31.5M | 40.1M | 46.1M | 48.4M | |
Property Plant Equipment | 34.1M | 30.0M | 20.9M | 17.5M | 20.1M | 21.1M | |
Short Long Term Debt Total | 34.9M | 29.8M | 19.5M | 13.7M | 39.3M | 32.8M | |
Intangible Assets | 901K | 569K | 2.4M | 1.6M | 1.0M | 970.0K | |
Current Deferred Revenue | 33.5M | 37.2M | 41.6M | 36.6M | 38.8M | 40.8M | |
Short Term Debt | 11.1M | 10.4M | 8.1M | 8.2M | 7.9M | 10.0M | |
Long Term Investments | 94K | 54.9M | 89.3M | 77.2M | 68.5M | 44.9M | |
Short Long Term Debt | 2.5M | 2.5M | 2.5M | 1.2M | 1.1M | 1.0M | |
Net Tangible Assets | 55.4M | 173.1M | 165.6M | 150.6M | 173.2M | 110.0M |
Pair Trading with AudioCodes
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AudioCodes position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AudioCodes will appreciate offsetting losses from the drop in the long position's value.Moving against AudioCodes Stock
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The ability to find closely correlated positions to AudioCodes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AudioCodes when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AudioCodes - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AudioCodes to buy it.
The correlation of AudioCodes is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AudioCodes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AudioCodes moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AudioCodes can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AudioCodes. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade AudioCodes Stock refer to our How to Trade AudioCodes Stock guide.Note that the AudioCodes information on this page should be used as a complementary analysis to other AudioCodes' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for AudioCodes Stock analysis
When running AudioCodes' price analysis, check to measure AudioCodes' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AudioCodes is operating at the current time. Most of AudioCodes' value examination focuses on studying past and present price action to predict the probability of AudioCodes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AudioCodes' price. Additionally, you may evaluate how the addition of AudioCodes to your portfolios can decrease your overall portfolio volatility.
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Is AudioCodes' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AudioCodes. If investors know AudioCodes will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AudioCodes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.50) | Earnings Share 0.28 | Revenue Per Share 7.899 | Quarterly Revenue Growth 0.015 | Return On Assets 0.0354 |
The market value of AudioCodes is measured differently than its book value, which is the value of AudioCodes that is recorded on the company's balance sheet. Investors also form their own opinion of AudioCodes' value that differs from its market value or its book value, called intrinsic value, which is AudioCodes' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AudioCodes' market value can be influenced by many factors that don't directly affect AudioCodes' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AudioCodes' value and its price as these two are different measures arrived at by different means. Investors typically determine if AudioCodes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AudioCodes' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.