Company Valuation: Align Technology, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 51,821 16,474 20,985 15,566 11,204 12,852 - -
Change - -68.21% 27.39% -25.83% -28.02% 14.71% - -
Enterprise Value (EV) 1 50,649 15,474 20,013 14,522 10,109 11,370 10,817 10,222
Change - -69.45% 29.33% -27.44% -30.39% 12.47% -4.86% -5.5%
P/E 67.8x 45.7x 47.2x 37.1x 27.6x 22.1x 19.4x 17.7x
PBR 14.3x 4.52x 5.78x 4.06x 2.8x 2.78x 2.39x 2.08x
PEG - -0.9x 1.8x -11.34x 51.7x 0.5x 1.4x 1.77x
Capitalization / Revenue 13.1x 4.41x 5.43x 3.89x 2.78x 3.07x 2.94x 2.78x
EV / Revenue 12.8x 4.14x 5.18x 3.63x 2.51x 2.72x 2.48x 2.21x
EV / EBITDA 41.8x 16.6x 21x 14.5x 8.92x 9.63x 8.76x 7.67x
EV / EBIT 45.9x 19.3x 24.2x 16.6x 11.1x 11.5x 10.3x 9.04x
EV / FCF 65.7x 55.9x 32.9x 23.3x 20.6x 12.5x 11.6x 16.3x
FCF Yield 1.52% 1.79% 3.04% 4.29% 4.85% 8.01% 8.64% 6.14%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 9.69 4.61 5.81 5.62 5.65 8.102 9.231 10.15
Distribution rate - - - - - - - -
Net sales 1 3,953 3,735 3,862 3,999 4,035 4,184 4,368 4,621
EBITDA 1 1,213 929.6 953.8 1,000 1,133 1,180 1,234 1,332
EBIT 1 1,104 803.8 826 873.2 914.2 991.9 1,053 1,130
Net income 1 772 361.6 445.1 421.4 410.4 574.8 648.7 700.2
Net Debt 1 -1,171 -999.6 -972.7 -1,044 -1,095 -1,482 -2,035 -2,630
Reference price 2 657.18 210.90 274.00 208.51 156.15 179.45 179.45 179.45
Nbr of stocks (in thousands) 78,853 78,112 76,589 74,653 71,750 71,618 - -
Announcement Date 02/02/22 01/02/23 31/01/24 05/02/25 04/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.15x2.72x9.63x-.--% 12.85B
23.23x3.49x13.07x2.71% 164B
19.01x3.31x11.67x3.53% 107B
16.88x0.19x11.92x0.78% 59.04B
31.57x7.65x20x1.27% 51.72B
37.86x3.01x10.33x2.53% 41.87B
39.35x1.42x12.52x0.2% 34.7B
30.62x5.46x17.4x-.--% 28.93B
42.01x7.28x26.26x0.25% 24.99B
23.76x3.47x12.49x1.22% 21.05B
Average 28.64x 3.80x 14.53x 1.25% 54.61B
Weighted average by Cap. 25.90x 3.58x 13.81x 1.98%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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