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 13,492 - -
Change - -68.21% 27.39% -25.83% -28.02% 20.43% - -
Enterprise Value (EV) 1 50,649 15,474 20,013 14,522 10,109 12,010 11,457 10,862
Change - -69.45% 29.33% -27.44% -30.39% 18.81% -4.6% -5.19%
P/E 67.8x 45.7x 47.2x 37.1x 27.6x 23.3x 20.4x 18.6x
PBR 14.3x 4.52x 5.78x 4.06x 2.8x 2.92x 2.51x 2.18x
PEG - -0.9x 1.8x -11.34x 51.7x 0.5x 1.5x 1.86x
Capitalization / Revenue 13.1x 4.41x 5.43x 3.89x 2.78x 3.22x 3.09x 2.92x
EV / Revenue 12.8x 4.14x 5.18x 3.63x 2.51x 2.87x 2.62x 2.35x
EV / EBITDA 41.8x 16.6x 21x 14.5x 8.92x 10.2x 9.28x 8.15x
EV / EBIT 45.9x 19.3x 24.2x 16.6x 11.1x 12.1x 10.9x 9.62x
EV / FCF 65.7x 55.9x 32.9x 23.3x 20.6x 13.2x 12.3x 17.3x
FCF Yield 1.52% 1.79% 3.04% 4.29% 4.85% 7.58% 8.16% 5.78%
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 4,622
EBITDA 1 1,213 929.6 953.8 1,000 1,133 1,181 1,235 1,332
EBIT 1 1,104 803.8 826 873.2 914.2 992.1 1,053 1,129
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 2 657.18 210.90 274.00 208.51 156.15 188.39 188.39 188.39
Nbr of stocks (in thousands) 78,853 78,112 76,589 74,653 71,750 71,618 - -
Announcement Date 2/2/22 2/1/23 1/31/24 2/5/25 2/4/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.25x2.87x10.17x-.--% 13.49B
23.65x3.55x13.29x2.66% 167B
18.83x3.29x11.58x3.57% 106B
16.41x0.19x11.74x0.79% 58.09B
32.33x7.85x20.51x1.24% 52.7B
38.76x3.06x10.51x2.48% 42.86B
40.92x1.47x12.92x0.19% 36.15B
29.57x5.27x16.8x-.--% 27.93B
42.47x7.36x26.56x0.25% 25.27B
23.46x3.43x12.34x1.23% 20.79B
Average 28.97x 3.83x 14.64x 1.24% 55.02B
Weighted average by Cap. 26.25x 3.62x 13.92x 1.96%

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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