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 10,863 - -
Change - -68.21% 27.39% -25.83% -28.02% -3.04% - -
Enterprise Value (EV) 1 50,649 15,474 20,013 14,522 10,109 9,655 9,082 8,467
Change - -69.45% 29.33% -27.44% -30.39% -4.49% -5.94% -6.77%
P/E 67.8x 45.7x 47.2x 37.1x 27.6x 21.4x 16.9x 14.9x
PBR 14.3x 4.52x 5.78x 4.06x 2.8x 2.45x 2.06x 1.79x
PEG - -0.9x 1.8x -11.34x 51.7x 0.8x 0.6x 1.1x
Capitalization / Revenue 13.1x 4.41x 5.43x 3.89x 2.78x 2.61x 2.5x 2.37x
EV / Revenue 12.8x 4.14x 5.18x 3.63x 2.51x 2.32x 2.09x 1.85x
EV / EBITDA 41.8x 16.6x 21x 14.5x 8.92x 8.32x 7.37x 6.36x
EV / EBIT 45.9x 19.3x 24.2x 16.6x 11.1x 9.76x 8.5x 7.35x
EV / FCF 65.7x 55.9x 32.9x 23.3x 20.6x 11.9x 10.3x 12.9x
FCF Yield 1.52% 1.79% 3.04% 4.29% 4.85% 8.43% 9.67% 7.74%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 9.69 4.61 5.81 5.62 5.65 7.141 9.054 10.24
Distribution rate - - - - - - - -
Net sales 1 3,953 3,735 3,862 3,999 4,035 4,167 4,339 4,576
EBITDA 1 1,213 929.6 953.8 1,000 1,133 1,161 1,232 1,330
EBIT 1 1,104 803.8 826 873.2 914.2 989.2 1,068 1,152
Net income 1 772 361.6 445.1 421.4 410.4 514.4 641.5 695.5
Net Debt 1 -1,171 -999.6 -972.7 -1,044 -1,095 -1,209 -1,782 -2,396
Reference price 2 657.18 210.90 274.00 208.51 156.15 152.92 152.92 152.92
Nbr of stocks (in thousands) 78,853 78,112 76,589 74,653 71,750 71,040 - -
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.($)
21.41x2.32x8.32x-.--% 10.86B
30.19x4.1x15.74x2.44% 182B
19.44x3.55x12.69x3.09% 118B
17.7x0.21x12.92x0.74% 61.7B
28.46x7x18.03x1.4% 50.55B
34.65x3.36x11.52x2.18% 48.98B
33.62x5.91x18.54x-.--% 31.65B
43.96x1.28x11.86x0.21% 29.87B
39.29x6.88x24.67x0.27% 23.71B
16.9x2.69x9.55x1.64% 21.78B
Average 28.56x 3.73x 14.38x 1.2% 57.87B
Weighted average by Cap. 27.51x 3.74x 14.61x 1.86%

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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