Company Valuation: Align Technology, Inc.

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 21,992 42,136 51,821 16,474 20,985 17,095 - -
Change - 91.6% 22.98% -68.21% 27.39% -18.54% - -
Enterprise Value (EV) 1 21,123 41,175 50,649 15,474 20,013 15,995 15,412 15,019
Change - 94.93% 23.01% -69.45% 29.33% -20.07% -3.65% -2.55%
P/E ratio 50.5x 23.8x 67.8x 45.7x 47.2x 36.3x 28x 23.2x
PBR 16.2x 13x 14.3x 4.52x 5.78x 4.34x 3.82x 3.32x
PEG - 0x -1.2x -0.9x 1.8x 4.27x 0.9x 1.1x
Capitalization / Revenue 9.14x 17x 13.1x 4.41x 5.43x 4.23x 3.89x 3.52x
EV / Revenue 8.78x 16.7x 12.8x 4.14x 5.18x 3.96x 3.5x 3.09x
EV / EBITDA 35.6x 69x 41.8x 16.6x 21x 15.9x 14x 12x
EV / EBIT 41.1x 81.9x 45.9x 19.3x 24.2x 18.2x 15.9x 13.1x
EV / FCF 35.3x 81.2x 65.7x 55.9x 32.9x 25.5x 17.5x 15.8x
FCF Yield 2.83% 1.23% 1.52% 1.79% 3.04% 3.93% 5.72% 6.32%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 5.53 22.41 9.69 4.61 5.81 6.304 8.168 9.844
Distribution rate - - - - - - - -
Net sales 1 2,407 2,472 3,953 3,735 3,862 4,042 4,400 4,853
EBITDA 1 593.5 596.4 1,213 929.6 953.8 1,006 1,102 1,253
EBIT 1 514.5 502.9 1,104 803.8 826 881 970.2 1,145
Net income 1 442.8 1,776 772 361.6 445.1 468.8 596.8 729.1
Net Debt 1 -868.6 -960.8 -1,171 -999.6 -972.7 -1,100 -1,683 -2,076
Reference price 2 279.04 534.38 657.18 210.90 274.00 228.86 228.86 228.86
Nbr of stocks (in thousands) 78,813 78,850 78,853 78,112 76,589 74,697 - -
Announcement Date 29/01/20 03/02/21 02/02/22 01/02/23 31/01/24 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

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P/E ratio EV / Sales EV / EBITDA Yield (Y) Capi. ($)
36.3x3.96x15.9x-.--%17.1B
34.87x5.01x19.56x+1.90%203B
22.35x4.06x14.07x+3.12%115B
34.91x4.04x14.33x+1.58%68.07B
23.18x0.16x11.73x+0.87%46.58B
32.71x7.27x20.43x+0.63%47.28B
35.14x8.12x25.24x-.--%29.14B
41.67x7.19x24.69x-.--%27.58B
30x3.8x15.35x+0.99%27.19B
36.01x4.84x17.3x+0.93%24.31B
Average 32.71x 4.84x 17.86x +1.00% 60.59B
Weighted average by Cap. 31.61x 4.68x 17.52x +1.61%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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