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 11,269 - -
Change - -68.21% 27.39% -25.83% -28.02% 0.59% - -
Enterprise Value (EV) 1 50,649 15,474 20,013 14,522 10,109 10,061 9,488 8,873
Change - -69.45% 29.33% -27.44% -30.39% -0.48% -5.7% -6.48%
P/E 67.8x 45.7x 47.2x 37.1x 27.6x 22.2x 17.5x 15.5x
PBR 14.3x 4.52x 5.78x 4.06x 2.8x 2.54x 2.14x 1.86x
PEG - -0.9x 1.8x -11.34x 51.7x 0.8x 0.7x 1.2x
Capitalization / Revenue 13.1x 4.41x 5.43x 3.89x 2.78x 2.7x 2.6x 2.46x
EV / Revenue 12.8x 4.14x 5.18x 3.63x 2.51x 2.41x 2.19x 1.94x
EV / EBITDA 41.8x 16.6x 21x 14.5x 8.92x 8.67x 7.7x 6.67x
EV / EBIT 45.9x 19.3x 24.2x 16.6x 11.1x 10.2x 8.88x 7.7x
EV / FCF 65.7x 55.9x 32.9x 23.3x 20.6x 12.4x 10.8x 13.5x
FCF Yield 1.52% 1.79% 3.04% 4.29% 4.85% 8.09% 9.26% 7.39%
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 2 657.18 210.90 274.00 208.51 156.15 158.64 158.64 158.64
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.($)
22.21x2.41x8.67x-.--% 1.13TCr
31.08x4.2x16.15x2.37% 19TCr
19.92x3.63x12.95x3.01% 12TCr
18.12x0.21x13.19x0.72% 6.32TCr
29.59x7.29x18.82x1.35% 5.17TCr
35.6x3.43x11.76x2.12% 5.03TCr
35.23x6.2x19.45x-.--% 3.32TCr
47.24x1.35x12.52x0.2% 3.21TCr
39.65x6.94x24.91x0.27% 2.39TCr
18.12x2.89x10.23x1.53% 2.3TCr
Average 29.68x 3.86x 14.87x 1.16% 5.97TCr
Weighted average by Cap. 28.48x 3.85x 15.02x 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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