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AudioCodes (XTAE:AUDC) Cyclically Adjusted Price-to-FCF : 13.43 (As of Jun. 19, 2024)


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What is AudioCodes Cyclically Adjusted Price-to-FCF?

As of today (2024-06-19), AudioCodes's current share price is ₪36.79. AudioCodes's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₪2.74. AudioCodes's Cyclically Adjusted Price-to-FCF for today is 13.43.

The historical rank and industry rank for AudioCodes's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

XTAE:AUDC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.51   Med: 24.56   Max: 94.49
Current: 13.43

During the past years, AudioCodes's highest Cyclically Adjusted Price-to-FCF was 94.49. The lowest was 11.51. And the median was 24.56.

XTAE:AUDC's Cyclically Adjusted Price-to-FCF is ranked better than
79.3% of 966 companies
in the Hardware industry
Industry Median: 30.32 vs XTAE:AUDC: 13.43

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

AudioCodes's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₪0.987. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ₪2.74 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AudioCodes Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AudioCodes's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AudioCodes Cyclically Adjusted Price-to-FCF Chart

AudioCodes Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.66 52.12 46.08 24.14 16.86

AudioCodes Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.18 13.07 14.95 16.86 17.77

Competitive Comparison of AudioCodes's Cyclically Adjusted Price-to-FCF

For the Communication Equipment subindustry, AudioCodes's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AudioCodes's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AudioCodes's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where AudioCodes's Cyclically Adjusted Price-to-FCF falls into.



AudioCodes Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

AudioCodes's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=36.79/2.74
=13.43

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

AudioCodes's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, AudioCodes's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.987/131.7762*131.7762
=0.987

Current CPI (Mar. 2024) = 131.7762.

AudioCodes Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.060 100.560 -0.079
201409 0.111 100.428 0.146
201412 0.102 99.070 0.136
201503 0.342 99.621 0.452
201506 0.261 100.684 0.342
201509 0.135 100.392 0.177
201512 0.687 99.792 0.907
201603 0.224 100.470 0.294
201606 0.516 101.688 0.669
201609 0.329 101.861 0.426
201612 0.701 101.863 0.907
201703 0.045 102.862 0.058
201706 0.247 103.349 0.315
201709 0.673 104.136 0.852
201712 0.934 104.011 1.183
201803 0.978 105.290 1.224
201806 0.232 106.317 0.288
201809 0.382 106.507 0.473
201812 1.367 105.998 1.699
201903 0.867 107.251 1.065
201906 0.986 108.070 1.202
201909 0.451 108.329 0.549
201912 0.255 108.420 0.310
202003 0.769 108.902 0.931
202006 1.207 108.767 1.462
202009 1.128 109.815 1.354
202012 1.048 109.897 1.257
202103 1.405 111.754 1.657
202106 1.828 114.631 2.101
202109 1.368 115.734 1.558
202112 0.447 117.630 0.501
202203 0.073 121.301 0.079
202206 0.517 125.017 0.545
202209 0.176 125.227 0.185
202212 0.010 125.222 0.011
202303 0.221 127.348 0.229
202306 0.029 128.729 0.030
202309 -0.220 129.860 -0.223
202312 1.034 129.419 1.053
202403 0.987 131.776 0.987

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


AudioCodes  (XTAE:AUDC) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


AudioCodes Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of AudioCodes's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


AudioCodes (XTAE:AUDC) Business Description

Industry
Traded in Other Exchanges
Address
1 Hayarden Street, Airport City Lod, Tel Aviv, ISR, 7019900
AudioCodes Ltd develops and sells advanced and converged voice over IP and data networking solutions, products and applications to service providers and channels, OEMs, network equipment providers and system integrators. Its products include IP phones, session border controllers, voice applications, multi-service business routers, digital and analog media gateways, among others. The company generates revenues from the sale of products through a direct sales force and sales representatives. Its geographic segments are Israel, Americas, Europe, and the Far East. It derives a majority of the revenues from Americas segment.

AudioCodes (XTAE:AUDC) Headlines