Company Valuation: Align Technology, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 42,136 51,821 16,474 20,985 15,566 11,809 - -
Change - 22.98% -68.21% 27.39% -25.83% -24.14% - -
Enterprise Value (EV) 1 41,175 50,649 15,474 20,013 14,522 10,556 10,180 9,639
Change - 23.01% -69.45% 29.33% -27.44% -27.31% -3.56% -5.31%
P/E ratio 23.8x 67.8x 45.7x 47.2x 37.1x 28.9x 20.9x 18.7x
PBR 13x 14.3x 4.52x 5.78x 4.06x 2.9x 2.52x 2.2x
PEG - -1.2x -0.9x 1.8x -11.34x 21.97x 0.5x 1.6x
Capitalization / Revenue 17x 13.1x 4.41x 5.43x 3.89x 2.93x 2.83x 2.71x
EV / Revenue 16.7x 12.8x 4.14x 5.18x 3.63x 2.62x 2.44x 2.21x
EV / EBITDA 69x 41.8x 16.6x 21x 14.5x 10x 9.18x 8.26x
EV / EBIT 81.9x 45.9x 19.3x 24.2x 16.6x 11.7x 10.6x 9.32x
EV / FCF 81.2x 65.7x 55.9x 32.9x 23.3x 17.7x 13.7x 11.9x
FCF Yield 1.23% 1.52% 1.79% 3.04% 4.29% 5.64% 7.28% 8.43%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 22.41 9.69 4.61 5.81 5.62 5.694 7.886 8.823
Distribution rate - - - - - - - -
Net sales 1 2,472 3,953 3,735 3,862 3,999 4,030 4,174 4,352
EBITDA 1 596.4 1,213 929.6 953.8 1,000 1,051 1,109 1,167
EBIT 1 502.9 1,104 803.8 826 873.2 905.9 964 1,035
Net income 1 1,776 772 361.6 445.1 421.4 421 555.2 635.4
Net Debt 1 -960.8 -1,171 -999.6 -972.7 -1,044 -1,253 -1,628 -2,169
Reference price 2 534.38 657.18 210.90 274.00 208.51 164.58 164.58 164.58
Nbr of stocks (in thousands) 78,850 78,853 78,112 76,589 74,653 71,750 - -
Announcement Date 03/02/21 02/02/22 01/02/23 31/01/24 05/02/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.9x2.62x10.05x-.--% 1.18TCr
30.81x4.86x18.28x1.94% 21TCr
23.21x4.22x14.87x2.81% 13TCr
23.45x0.2x13.36x0.67% 6.61TCr
29.21x3.21x11x2.07% 5.66TCr
36.14x8.16x22.69x1.07% 5.13TCr
32.72x5.71x19.58x-.--% 2.63TCr
31.84x4.5x16.25x0.94% 2.54TCr
62.89x7.55x24.56x0.39% 2.37TCr
24.57x3.06x12.23x1.28% 2.2TCr
Average 32.37x 4.41x 16.29x 1.12% 6.26TCr
Weighted average by Cap. 29.84x 4.37x 16.60x 1.68%
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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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