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 11,548 - -
Change - -68.21% 27.39% -25.83% -28.02% 3.07% - -
Enterprise Value (EV) 1 50,649 15,474 20,013 14,522 10,109 10,339 9,766 9,151
Change - -69.45% 29.33% -27.44% -30.39% 2.28% -5.54% -6.29%
P/E 67.8x 45.7x 47.2x 37.1x 27.6x 22.8x 18x 15.9x
PBR 14.3x 4.52x 5.78x 4.06x 2.8x 2.6x 2.19x 1.9x
PEG - -0.9x 1.8x -11.34x 51.7x 0.9x 0.7x 1.2x
Capitalization / Revenue 13.1x 4.41x 5.43x 3.89x 2.78x 2.77x 2.66x 2.52x
EV / Revenue 12.8x 4.14x 5.18x 3.63x 2.51x 2.48x 2.25x 2x
EV / EBITDA 41.8x 16.6x 21x 14.5x 8.92x 8.91x 7.92x 6.88x
EV / EBIT 45.9x 19.3x 24.2x 16.6x 11.1x 10.5x 9.15x 7.95x
EV / FCF 65.7x 55.9x 32.9x 23.3x 20.6x 12.7x 11.1x 14x
FCF Yield 1.52% 1.79% 3.04% 4.29% 4.85% 7.87% 8.99% 7.16%
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 2 657.18 210.90 274.00 208.51 156.15 162.55 162.55 162.55
Nbr of stocks (in thousands) 78,853 78,112 76,589 74,653 71,750 71,040 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.26x2.42x8.69x-.--% 11.29B
32.74x4.4x17.04x2.25% 198B
20.92x3.59x12.63x3.22% 118B
17.23x0.2x12.62x0.76% 60.05B
30.79x7.66x19.56x1.29% 53.18B
36.16x3.47x11.9x2.09% 51.11B
36.16x6.36x19.98x-.--% 34.05B
42.76x1.23x11.27x0.18% 28.58B
41.25x7.23x25.94x0.26% 24.9B
19.9x3.07x11.2x1.44% 23.94B
Average 30.02x 3.96x 15.08x 1.15% 60.27B
Weighted average by Cap. 29.31x 4.02x 15.39x 1.81%

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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