Financials Align Technology, Inc.

Equities

ALGN

US0162551016

Medical Equipment, Supplies & Distribution

Real-time Estimate Cboe BZX Other stock markets 08:31:15 08/10/2024 pm IST			5-day change	1st Jan Change
233.60 ^USD	-0.53%		-5.25%	-15.15%

03:01pm	Evercore ISI Adjusts Price Target on Align Technology to $270 From $280, Maintains Outperform	MT
02/10	Align Technology Secures Court Approval for Settlement Deal to Resolve 2019 Shareholder Derivative Litigation	MT

Projected Income Statement: Align Technology, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,407	2,472	3,953	3,735	3,862	4,042	4,400	4,853
Change	-	2.71%	59.9%	-5.51%	3.42%	4.65%	8.86%	10.3%
EBITDA ¹	593.5	596.4	1,213	929.6	953.8	1,006	1,102	1,253
Change	-	0.49%	103.34%	-23.35%	2.6%	5.45%	9.58%	13.66%
EBIT ¹	514.5	502.9	1,104	803.8	826	881	970.2	1,145
Change	-	-2.26%	119.54%	-27.19%	2.76%	6.65%	10.13%	18.04%
Interest Paid ¹	-	-8.222	-7.38	-43.54	-2.134	-7.251	-3	-3
Earnings before Tax (EBT) ¹	562.7	378.9	1,012	599.1	641.2	653.7	796.6	967.5
Change	-	-32.65%	167.17%	-40.83%	7.04%	1.95%	21.85%	21.45%
Net income ¹	442.8	1,776	772	361.6	445.1	468.8	596.8	729.1
Change	-	301.08%	-56.53%	-53.17%	23.09%	5.34%	27.29%	22.17%
Announcement Date	29/01/20	03/02/21	02/02/22	01/02/23	31/01/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Net sales ¹	607.3	649.8	551	352.3	734.1	834.5	894.8	1,011	1,016	1,031	973.2	969.6	890.3	901.5	943.1	1,002	960.2	956.7	997.4	1,028	990.3	1,023	1,055	1,112	1,082	1,117	1,159	1,218
Change	-	6.99%	-15.21%	-36.05%	108.38%	13.67%	7.22%	12.97%	0.5%	1.5%	-5.61%	-0.38%	-8.17%	1.25%	4.62%	6.26%	-4.19%	-0.36%	4.25%	3.11%	-3.71%	3.29%	3.15%	5.41%	-2.74%	3.25%	3.78%	5.09%
EBITDA ¹	140.1	172.9	114.9	-15.24	230.4	266.3	281.4	326.8	320.5	284	262.7	255.9	212.2	198.8	206.9	245.5	243	258.1	230.5	261	247.1	271.1	250.6	272.6	281.4	305.8	299.3	295.6
Change	-	23.47%	-33.55%	-	-	15.61%	5.66%	16.12%	-1.92%	-11.37%	-7.51%	-2.6%	-17.06%	-6.34%	4.08%	18.66%	-1.02%	6.22%	-10.71%	13.26%	-5.32%	9.7%	-7.57%	8.79%	3.23%	8.66%	-2.11%	-1.25%
EBIT ¹	120.4	151.2	94.18	-38.78	205.9	241.6	255.8	300.9	292.9	254.5	233.1	225.6	180	165.1	174.7	213.4	209.7	228	197.5	229.4	215	238.3	218.3	242.5	248.6	275.5	264.7	260.1
Change	-	25.58%	-37.69%	-	-	17.33%	5.88%	17.63%	-2.66%	-13.12%	-8.39%	-3.22%	-20.19%	-8.31%	5.83%	22.12%	-1.73%	8.75%	-13.37%	16.14%	-6.29%	10.87%	-8.39%	11.06%	2.51%	10.83%	-3.9%	-1.74%
Charge d'intérêts ¹	-	4.647	-	-0.493	7.476	1.358	1.643	-0.1	-	-	-10.6	-	-21.02	-2.66	1.108	-0.342	-	1.335	4.251	-3.18	-1	-1	-0.75	-0.75	-0.75	-0.75	-	-
Earnings before Tax (EBT) ¹	128.4	155.8	53.36	-73.49	184.5	214.5	261.6	268.8	262	220	187.5	173.6	122.6	115.3	134.6	171.6	162.1	172.9	158.4	143.9	167.3	193.3	173.7	197.2	199.2	232.8	-	-
Change	-	21.32%	-65.75%	-	-	16.25%	21.94%	2.74%	-2.53%	-16.02%	-14.78%	-7.4%	-29.36%	-5.97%	16.74%	27.46%	-5.52%	6.64%	-8.38%	-9.17%	16.26%	15.54%	-10.13%	13.54%	1.03%	16.83%	-100%	-
Net income ¹	102.5	121.3	1,518	-40.6	139.4	159	200.4	199.7	181	191	134.3	112.8	72.7	41.78	87.8	111.8	121.4	124	105	96.56	121.3	142.9	131	156.5	154.8	177.8	-	-
Change	-	18.28%	1,151.94%	-	-	14.08%	26.03%	-0.33%	-9.39%	5.52%	-29.67%	-16.01%	-35.55%	-42.54%	110.17%	27.35%	8.6%	2.13%	-15.31%	-8.06%	25.59%	17.81%	-8.3%	19.43%	-1.05%	14.83%	-100%	-
Announcement Date	23/10/19	29/01/20	29/04/20	22/07/20	21/10/20	03/02/21	28/04/21	28/07/21	27/10/21	02/02/22	27/04/22	27/07/22	26/10/22	01/02/23	26/04/23	26/07/23	25/10/23	31/01/24	24/04/24	24/07/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Align Technology, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-869	-961	-1,171	-1,000	-973	-1,100	-1,683	-2,076
Change	-	-210.59%	-221.85%	-185.4%	-197.3%	-213.08%	-253%	-223.35%
Announcement Date	29/01/20	03/02/21	02/02/22	01/02/23	31/01/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Align Technology, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	149.7	154.9	401.1	291.9	177.7	101.2	132.6	276.6
Change	-	3.48%	158.91%	-27.22%	-39.12%	-43.05%	30.99%	108.66%
Free Cash Flow (FCF) ¹	597.6	507.3	771.4	276.8	608.1	628.2	881.2	949.8
Change	-	-15.11%	52.08%	-64.12%	119.65%	3.31%	40.27%	7.78%
Announcement Date	29/01/20	03/02/21	02/02/22	01/02/23	31/01/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Align Technology, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	24.66%	24.13%	30.68%	24.89%	24.69%	24.88%	25.05%	25.81%
EBIT Margin (%)	21.38%	20.34%	27.93%	21.52%	21.39%	21.8%	22.05%	23.6%
EBT Margin (%)	23.38%	15.33%	25.61%	16.04%	16.6%	16.17%	18.1%	19.93%
Net margin (%)	18.4%	71.84%	19.53%	9.68%	11.52%	11.6%	13.56%	15.02%
FCF margin (%)	24.83%	20.52%	19.52%	7.41%	15.74%	15.54%	20.03%	19.57%
FCF / Net Income (%)	134.96%	28.56%	99.93%	76.56%	136.63%	133.99%	147.66%	130.27%
Profitability
ROA	19.45%	48.45%	14.33%	6.08%	10.96%	9.05%	10.25%	9.8%
ROE	34.07%	77.55%	22.52%	10.01%	18.23%	18.81%	18.68%	19.33%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	6.22%	6.27%	10.15%	7.82%	4.6%	2.5%	3.01%	5.7%
CAPEX / EBITDA (%)	25.23%	25.97%	33.07%	31.4%	18.63%	10.06%	12.03%	22.08%
CAPEX / FCF (%)	25.05%	30.54%	51.99%	105.44%	29.23%	16.11%	15.05%	29.13%
Items per share
Cash flow per share ¹	9.329	8.358	14.72	7.252	10.26	9.766	11.22	12.61
Change	-	-10.41%	76.1%	-50.73%	41.51%	-4.84%	14.93%	12.3%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	17.24	41.01	46.03	46.61	47.42	52.7	59.91	68.97
Change	-	137.83%	12.24%	1.27%	1.73%	11.14%	13.69%	15.12%
EPS ¹	5.53	22.41	9.69	4.61	5.81	6.304	8.168	9.844
Change	-	305.24%	-56.76%	-52.43%	26.03%	8.51%	29.56%	20.53%
Nbr of stocks (in thousands)	78,813	78,850	78,853	78,112	76,589	74,697	74,697	74,697
Announcement Date	29/01/20	03/02/21	02/02/22	01/02/23	31/01/24	-	-	-