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 10,301 - -
Change - -68.21% 27.39% -25.83% -28.02% -8.06% - -
Enterprise Value (EV) 1 50,649 15,474 20,013 14,522 10,109 9,092 8,519 7,905
Change - -69.45% 29.33% -27.44% -30.39% -10.06% -6.3% -7.21%
P/E 67.8x 45.7x 47.2x 37.1x 27.6x 20.3x 16x 14.2x
PBR 14.3x 4.52x 5.78x 4.06x 2.8x 2.32x 1.96x 1.7x
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 2.47x 2.38x 2.25x
EV / Revenue 12.8x 4.14x 5.18x 3.63x 2.51x 2.18x 1.97x 1.73x
EV / EBITDA 41.8x 16.6x 21x 14.5x 8.92x 7.83x 6.92x 5.94x
EV / EBIT 45.9x 19.3x 24.2x 16.6x 11.1x 9.2x 7.99x 6.88x
EV / FCF 65.7x 55.9x 32.9x 23.3x 20.6x 11.2x 9.7x 12.1x
FCF Yield 1.52% 1.79% 3.04% 4.29% 4.85% 8.95% 10.3% 8.29%
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 2 657.18 210.90 274.00 208.51 156.15 145.00 145.00 145.00
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.($)
20.55x2.21x7.94x-.--% 10.43B
28.7x3.97x15.34x2.54% 175B
18.75x3.44x12.31x3.18% 113B
16.81x0.2x12.34x0.77% 58.57B
35.42x3.42x11.72x2.13% 50.07B
28.64x7.07x18.26x1.4% 49.92B
34.72x6.1x19.16x-.--% 32.69B
45.51x1.29x11.97x0.21% 30.44B
43.2x7.58x27.18x0.24% 26.07B
54.38x7.25x23.3x0.39% 23.55B
Average 32.67x 4.25x 15.95x 1.09% 57.04B
Weighted average by Cap. 28.90x 3.95x 15.14x 1.84%

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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