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 10,211 - -
Change - -68.21% 27.39% -25.83% -28.02% -8.86% - -
Enterprise Value (EV) 1 50,649 15,474 20,013 14,522 10,109 9,003 8,429 7,815
Change - -69.45% 29.33% -27.44% -30.39% -10.94% -6.37% -7.29%
P/E 67.8x 45.7x 47.2x 37.1x 27.6x 20.1x 15.9x 14x
PBR 14.3x 4.52x 5.78x 4.06x 2.8x 2.3x 1.94x 1.68x
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 2.45x 2.36x 2.23x
EV / Revenue 12.8x 4.14x 5.18x 3.63x 2.51x 2.16x 1.94x 1.71x
EV / EBITDA 41.8x 16.6x 21x 14.5x 8.92x 7.75x 6.85x 5.88x
EV / EBIT 45.9x 19.3x 24.2x 16.6x 11.1x 9.11x 7.91x 6.81x
EV / FCF 65.7x 55.9x 32.9x 23.3x 20.6x 11.1x 9.6x 11.9x
FCF Yield 1.52% 1.79% 3.04% 4.29% 4.85% 9.04% 10.4% 8.39%
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 4,165 4,335 4,570
EBITDA 1 1,213 929.6 953.8 1,000 1,133 1,162 1,231 1,330
EBIT 1 1,104 803.8 826 873.2 914.2 988.7 1,066 1,148
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 2 657.18 210.90 274.00 208.51 156.15 143.74 143.74 143.74
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.($)
27.63x3.84x14.83x2.64% 169B
18.25x3.37x12.04x3.26% 110B
21.42x4.21x14.72x1.31% 106B
25.26x2.48x10.04x2.86% 73.87B
16.92x0.2x12.42x0.77% 58.98B
29.48x7.29x18.84x1.36% 51.28B
34.07x3.32x11.38x2.22% 48.16B
35.11x8.73x24.55x-.--% 40.84B
34.3x6.01x18.87x-.--% 32.21B
Average 26.94x 4.38x 15.30x 1.6% 76.69B
Weighted average by Cap. 25.35x 3.98x 14.47x 1.99%

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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