Company Valuation: Align Technology, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 51,821 16,474 20,985 15,566 11,204 11,112 - -
Change - -68.21% 27.39% -25.83% -28.02% -0.82% - -
Enterprise Value (EV) 1 50,649 15,474 20,013 14,522 10,109 9,630 9,077 8,482
Change - -69.45% 29.33% -27.44% -30.39% -4.74% -5.74% -6.56%
P/E ratio 67.8x 45.7x 47.2x 37.1x 27.6x 19.2x 16.8x 15.3x
PBR 14.3x 4.52x 5.78x 4.06x 2.8x 2.41x 2.06x 1.79x
PEG - -0.9x 1.8x -11.34x 51.7x 0.4x 1.2x 1.53x
Capitalization / Revenue 13.1x 4.41x 5.43x 3.89x 2.78x 2.66x 2.54x 2.4x
EV / Revenue 12.8x 4.14x 5.18x 3.63x 2.51x 2.3x 2.08x 1.84x
EV / EBITDA 41.8x 16.6x 21x 14.5x 8.92x 8.16x 7.35x 6.37x
EV / EBIT 45.9x 19.3x 24.2x 16.6x 11.1x 9.71x 8.62x 7.51x
EV / FCF 65.7x 55.9x 32.9x 23.3x 20.6x 10.6x 9.71x 13.5x
FCF Yield 1.52% 1.79% 3.04% 4.29% 4.85% 9.45% 10.3% 7.4%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 9.69 4.61 5.81 5.62 5.65 8.102 9.231 10.15
Distribution rate - - - - - - - -
Net sales 1 3,953 3,735 3,862 3,999 4,035 4,184 4,368 4,622
EBITDA 1 1,213 929.6 953.8 1,000 1,133 1,180 1,235 1,332
EBIT 1 1,104 803.8 826 873.2 914.2 992.1 1,053 1,129
Net income 1 772 361.6 445.1 421.4 410.4 574.8 648.7 700.2
Net Debt 1 -1,171 -999.6 -972.7 -1,044 -1,095 -1,482 -2,035 -2,630
Reference price 2 657.18 210.90 274.00 208.51 156.15 155.16 155.16 155.16
Nbr of stocks (in thousands) 78,853 78,112 76,589 74,653 71,750 71,618 - -
Announcement Date 02/02/22 01/02/23 31/01/24 05/02/25 04/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.6x2.36x8.38x-.--% 1.14TCr
22.11x3.28x12.33x2.81% 15TCr
19.26x3.4x12.21x3.7% 9.93TCr
37.78x9.36x25.18x1.02% 5.84TCr
14.57x0.16x10.38x0.91% 5.09TCr
35.47x2.87x9.85x2.71% 3.92TCr
33.34x1.28x11.28x0.23% 3.05TCr
26.66x4.72x15.07x-.--% 2.51TCr
36.01x6.23x22.53x0.29% 2.15TCr
26.44x3.7x13.55x1.14% 2.09TCr
Average 27.12x 3.74x 14.08x 1.28% 5.1TCr
Weighted average by Cap. 25.22x 3.73x 13.86x 2.05%

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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