ALGN - Align Technology Inc Stock Price, Fair Value and News

272.86USD-13.66 (-4.77%)Delayed as of 08 May 2024, 03:41 pm ET

Market Summary

USD272.86-13.66

Delayedas of 08 May 2024, 03:41 pm

-4.77%

ALGN Stock Price

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ALGN RSI Chart

ALGN Valuation

Market Cap

21.6B

Price/Earnings (Trailing)

46.66

Price/Sales (Trailing)

5.51

EV/EBITDA

25.74

Price/Free Cashflow

43.88

ALGN Price/Sales (Trailing)

ALGN Profitability

Operating Margin

70.06%

EBT Margin

16.98%

Return on Equity

12.3%

Return on Assets

7.51%

Free Cashflow Yield

2.28%

ALGN Fundamentals

ALGN Revenue

Revenue (TTM)

3.9B

Rev. Growth (Yr)

5.75%

Rev. Growth (Qtr)

4.25%

ALGN Earnings

Earnings (TTM)

462.3M

Earnings Growth (Yr)

19.62%

Earnings Growth (Qtr)

-15.31%

Breaking Down ALGN Revenue

52 Week Range

264.59413.20

(Low)(High)

Last 7 days

1.5%

Last 30 days

-9.8%

Last 90 days

0.6%

Trailing 12 Months

-6.4%

How does ALGN drawdown profile look like?

ALGN Financial Health

Current Ratio

1.23

ALGN Investor Care

Buy Backs (1Y)

1.61%

Diluted EPS (TTM)

6.06

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	3.9B	0	0	0
2023	3.7B	3.7B	3.8B	3.9B
2022	4.0B	4.0B	3.9B	3.7B
2021	2.8B	3.5B	3.8B	4.0B
2020	2.4B	2.2B	2.3B	2.5B
2019	2.1B	2.2B	2.3B	2.4B
2018	1.6B	1.7B	1.9B	2.0B
2017	1.2B	1.2B	1.3B	1.5B
2016	886.1M	946.0M	1.0B	1.1B
2015	779.1M	796.0M	813.8M	845.5M
2014	687.3M	716.0M	741.3M	761.7M
2013	578.5M	596.7M	624.8M	660.2M
2012	510.0M	535.5M	546.1M	560.0M
2011	401.9M	413.8M	443.7M	479.7M
2010	332.3M	364.2M	380.8M	387.1M
2009	0	306.8M	309.5M	312.3M
2008	0	0	0	304.0M

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Align Technology Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 29, 2024	lacob joseph	sold	-4,548,310	303	-15,000	-
Feb 27, 2024	lacob joseph	sold	-3,130,080	313	-10,000	-
Feb 20, 2024	hogan joseph m	acquired	-	-	19,574	president and ceo
Feb 20, 2024	hogan joseph m	sold (taxes)	-2,719,560	313	-8,674	president and ceo
Feb 20, 2024	wright emory	acquired	-	-	3,533	evp, global operations
Feb 20, 2024	wright emory	sold (taxes)	-550,245	313	-1,755	evp, global operations
Feb 20, 2024	morici john	acquired	-	-	4,450	evp & chief financial officer
Feb 20, 2024	coletti julie ann	acquired	-	-	3,069	evp, chief legal & regulatory
Feb 20, 2024	coletti julie ann	sold (taxes)	-397,870	313	-1,269	evp, chief legal & regulatory
Feb 20, 2024	hockridge stuart a	sold (taxes)	-357,111	313	-1,139	evp global hr

Which funds bought or sold ALGN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Parallel Advisors, LLC	added	1.3	26,771	152,811	-%
May 06, 2024	GREAT VALLEY ADVISOR GROUP, INC.	new	-	234,792	234,792	0.01%
May 06, 2024	Empirical Finance, LLC	added	3.46	163,976	852,264	0.05%
May 06, 2024	BANQUE PICTET & CIE SA	reduced	-20.51	-209,116	4,083,920	0.04%
May 06, 2024	Candriam S.C.A.	added	68.44	819,464	1,626,160	0.01%
May 06, 2024	Investors Research Corp	unchanged	-	917	5,575	-%
May 06, 2024	ORG Partners LLC	reduced	-92.98	-60,875	5,433	0.01%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-120,141	-	-%
May 06, 2024	Manchester Capital Management LLC	added	116	2,619	4,263	-%
May 06, 2024	AM Squared Ltd	new	-	65,584	65,584	0.16%

Are Funds Buying or Selling ALGN?

Are funds buying ALGN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ALGN

No. of Funds

Unveiling Align Technology Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 07, 2024	blackrock inc.	10.2%	7,697,251	SC 13G/A
Feb 13, 2024	vanguard group inc	10.90%	8,349,611	SC 13G/A
Feb 09, 2024	gund gordon	1.4%	1,055,603	SC 13G/A
Jan 24, 2024	blackrock inc.	9.5%	7,292,096	SC 13G/A
Feb 14, 2023	edgewood management llc	4.4%	3,409,145	SC 13G/A
Feb 09, 2023	vanguard group inc	10.66%	8,329,757	SC 13G/A
Feb 01, 2023	gund gordon	1.4%	1,073,738	SC 13G/A
Jan 31, 2023	blackrock inc.	7.1%	5,555,607	SC 13G/A
Oct 11, 2022	vanguard group inc	10.52%	8,213,345	SC 13G/A
Feb 14, 2022	edgewood management llc	5.6%	4,385,581	SC 13G/A

Recent SEC filings of Align Technology Inc

View All Filings

Date Filed	Form Type	Document
May 03, 2024	10-Q	Quarterly Report
Apr 26, 2024	8-K	Current Report
Apr 24, 2024	8-K	Current Report
Apr 16, 2024	DEFR14A	DEFR14A
Apr 09, 2024	ARS	ARS
Apr 09, 2024	DEF 14A	DEF 14A
Apr 09, 2024	DEFA14A	DEFA14A
Apr 05, 2024	4/A	Insider Trading
Apr 05, 2024	4/A	Insider Trading
Apr 05, 2024	4/A	Insider Trading

Peers (Alternatives to Align Technology Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ABT	184.5B	40.3B	-4.60%	-4.35%	32.81	4.58	-2.84%	-3.08%
BDX	68.5B	19.7B	-3.65%	-5.69%	51.42	3.48	4.82%	-17.56%
ALGN	21.6B	3.9B	-9.77%	-6.38%	46.66	5.51	5.72%	46.72%
BAX	18.4B	14.9B	-15.25%	-20.81%	6.95	1.24	2.98%	207.68%
MID-CAP
ATR	9.9B	3.5B	5.58%	23.16%	31.71	2.8	6.16%	35.06%
HSIC	9.1B	12.5B	-1.81%	-10.76%	23.5	0.73	-0.61%	-18.83%
BIO	8.2B	2.7B	-13.87%	-26.12%	-12.81	3.06	-4.68%	82.43%
XRAY	5.9B	3.9B	-12.53%	-31.61%	-62.76	1.49	0.23%	91.03%
AXNX	3.4B	387.1M	-0.62%	22.51%	-215.76	8.88	30.82%	65.57%
PDCO	2.3B	6.6B	-0.84%	-0.80%	12.05	0.35	2.78%	-0.87%
SMALL-CAP
AHCO	1.3B	3.2B	-6.97%	-19.30%	-1.87	0.4	7.94%	-1661.78%
ANIK	420.5M	166.7M	10.85%	9.31%	-5.09	2.52	6.67%	-456.34%
ANGO	245.9M	324.0M	-12.80%	-31.58%	-1.28	0.76	-3.19%	-337.41%
APYX	48.8M	52.3M	-6.00%	-59.48%	-2.61	0.93	17.61%	19.28%
AEMD	3.4M	3.7M	-25.71%	271.43%	-0.27	0.89	5.77%	8.23%

Align Technology Inc News

Latest updates

Align Technology Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	4.3%	997	957	960	1,002	943	902	890	970	973	1,031	1,016	1,011	895	835	734	352	551	650	607	601	549
Cost Of Revenue	4.3%	300	287	297	289	282	284	271	282	264	287	261	252	218	224	200	128	157	178	170	168	147
Gross Profit	4.2%	698	670	663	714	661	618	619	688	709	745	755	759	677	610	534	224	394	472	438	432	402
Operating Expenses	9.2%	544	498	497	542	527	505	476	499	511	524	494	490	452	397	357	297	324	321	310	256	314
S&GA Expenses	12.3%	452	403	408	453	440	410	399	426	439	451	428	432	397	348	312	257	283	279	278	268	247
R&D Expenses	11.8%	92.00	82.00	89.00	88.00	87.00	84.00	77.00	73.00	72.00	72.00	66.00	58.00	55.00	49.00	45.00	40.00	42.00	41.00	40.00	39.00	38.00
EBITDA Margin	1.2%	0.21*	0.20*	0.19*	0.18*	0.18*	0.19*	0.21*	0.24*	0.26*	0.28*	0.30*	0.30*	-	-	-	-	-	-	-	-	-
Income Taxes	9.3%	53.00	49.00	41.00	60.00	47.00	74.00	50.00	61.00	53.00	29.00	81.00	69.00	61.00	56.00	45.00	-32.90	-1,464	35.00	26.00	43.00	9.00
Earnings Before Taxes	-8.4%	158	173	162	172	135	115	123	174	187	220	262	269	262	215	185	-73.49	53.00	156	128	194	85.00
EBT Margin	2.3%	0.17*	0.17*	0.15*	0.15*	0.15*	0.16*	0.18*	0.21*	0.23*	0.26*	0.27*	0.27*	-	-	-	-	-	-	-	-	-
Net Income	-15.3%	105	124	121	112	88.00	42.00	73.00	113	134	191	181	200	200	159	139	-40.60	1,518	121	103	147	72.00
Net Income Margin	2.4%	0.12*	0.12*	0.10*	0.08*	0.09*	0.10*	0.13*	0.16*	0.18*	0.20*	0.20*	0.20*	-	-	-	-	-	-	-	-	-
Free Cashflow	43.1%	19.00	13.00	266	193	136	92.00	191	51.00	-56.83	164	231	193	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.2%	6,156	6,084	6,319	6,145	5,901	5,948	5,913	5,810	5,943	5,942	5,650	5,396	5,070	4,830	4,415	4,026	3,965	2,501	2,350	2,346	2,234
Current Assets	1.3%	2,479	2,447	2,702	2,465	2,332	2,424	2,501	2,377	2,481	2,494	2,455	2,232	2,116	1,850	1,473	1,149	1,577	1,633	1,506	1,457	1,439
Cash Equivalents	-7.5%	867	937	1,239	952	832	942	1,045	878	927	1,100	1,238	1,087	1,132	961	616	405	791	551	491	424	589
Inventory	-5.7%	280	297	296	313	312	339	321	310	276	230	207	179	151	139	123	131	121	112	95.00	81.00	68.00
Net PPE	-0.7%	1,282	1,291	1,268	1,279	1,263	1,232	1,200	1,182	1,141	1,082	1,003	961	764	735	704	669	663	632	607	600	575
Goodwill	9.2%	458	420	404	415	414	408	378	390	412	419	427	432	428	445	-	-	340	64.00	-	-	-
Liabilities	-2.3%	2,396	2,453	2,517	2,506	2,421	2,347	2,218	2,211	2,277	2,319	2,133	2,011	1,676	1,596	1,382	1,181	1,112	1,155	1,045	972	979
Current Liabilities	-2.1%	2,023	2,067	2,123	2,107	2,005	1,926	1,809	1,804	1,864	1,924	1,790	1,697	1,394	1,326	1,122	942	911	971	870	789	805
Shareholder's Equity	3.6%	3,760	3,630	3,802	3,638	3,480	3,601	3,695	3,599	3,667	3,623	3,517	3,384	3,394	3,234	3,033	2,845	2,853	1,346	1,306	1,374	1,256
Retained Earnings	2.3%	2,503	2,447	2,607	2,485	2,374	2,567	2,675	2,602	2,680	2,619	2,527	2,459	2,416	2,216	2,057	1,917	1,958	440	415	501	402
Additional Paid-In Capital	6.6%	1,239	1,162	1,193	1,142	1,105	1,045	1,061	1,017	992	999	972	896	948	975	952	918	895	907	892	874	856
Shares Outstanding	0.3%	75.00	75.00	77.00	77.00	77.00	77.00	78.00	79.00	79.00	79.00	79.00	79.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	13,700	-	-	-	13,300	-	-	-	34,700	-	-	-	14,500	-	-	-	15,900	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-38.9%	29.00	47.00	287	252	200	145	266	127	30.00	273	355	318	227	381	211	60.00	10.00	218	235	177	117
Share Based Compensation	-0.1%	39.00	39.00	40.00	38.00	38.00	35.00	33.00	34.00	32.00	30.00	28.00	29.00	27.00	25.00	25.00	25.00	23.00	20.00	24.00	22.00	21.00
Cashflow From Investing	-497.3%	-79.58	-13.32	-4.30	-125	-52.83	-55.81	-85.43	18.00	-90.20	-307	-131	-128	5.00	-44.67	-14.51	-448	276	-60.11	31.00	-246	-74.42
Cashflow From Financing	96.7%	-11.72	-350	12.00	-0.93	-258	-200	11.00	-200	-111	-101	-65.00	-238	-53.43	-2.45	8.00	-1.64	-34.73	-102	-194	-95.62	-92.76
Buy Backs	-100.0%	-	300	-	-	292	160	-	200	75.00	100	115	160	-	-	-	-	-	100	200	50.00	50.00

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ALGN Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net revenues	$ 997,431	$ 943,147
Cost of net revenues	299,615	282,493
Gross profit	697,816	660,654
Operating expenses:
Selling, general and administrative	451,822	439,691
Research and development	91,859	87,447
Total operating expenses	543,681	527,138
Income from operations	154,135	133,516
Interest income	4,392	2,337
Other income (expense), net	(141)	(1,229)
Total interest income and other income (expense), net	4,251	1,108
Net income before provision for income taxes	158,386	134,624
Provision for income taxes	53,358	46,826
Net income	$ 105,028	$ 87,798
Net income per share:
Basic (in usd per share)	$ 1.40	$ 1.14
Diluted (in usd per share)	$ 1.39	$ 1.14
Shares used in computing net income per share:
Basic (in shares)	75,175	76,921
Diluted (in shares)	75,322	77,111

ALGN Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 865,805	$ 937,438
Marketable securities, short-term	33,101	35,304
Accounts receivable, net of allowance for doubtful accounts of $16,026 and $14,893, respectively	950,738	903,424
Inventories	280,076	296,902
Prepaid expenses and other current assets	349,594	273,550
Total current assets	2,479,314	2,446,618
Marketable securities, long-term	3,619	8,022
Property, plant and equipment, net	1,281,709	1,290,863
Operating lease right-of-use assets, net	118,996	117,999
Goodwill	458,235	419,530
Intangible assets, net	121,424	82,118
Deferred tax assets	1,570,626	1,590,045
Other assets	121,831	128,682
Total assets	6,155,754	6,083,877
Current liabilities:
Accounts payable	117,238	113,125
Accrued liabilities	496,601	525,780
Deferred revenues	1,409,202	1,427,706
Total current liabilities	2,023,041	2,066,611
Income tax payable	121,314	116,744
Operating lease liabilities	95,092	96,968
Other long-term liabilities	156,447	173,065
Total liabilities	2,395,894	2,453,388
Commitments and contingencies (Note 7 and Note 8)
Stockholders’ equity:
Preferred stock, $0.0001 par value (5,000 shares authorized; none issued)	0	0
Common stock, $0.0001 par value (200,000 shares authorized; 75,281 and 75,075 issued and outstanding, respectively)	7	7
Additional paid-in capital	1,238,739	1,162,140
Accumulated other comprehensive income (loss), net	18,439	21,168
Retained earnings	2,502,675	2,447,174
Total stockholders’ equity	3,759,860	3,630,489
Total liabilities and stockholders’ equity	$ 6,155,754	$ 6,083,877

About Align Technology Inc

Align Technology, Inc. designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists in the United States, Switzerland, China, and internationally. It operates in two segments, Clear Aligner; and Imaging Systems and CAD/CAM Services (Systems and Services). The Clear Aligner segment offers comprehensive products, including Invisalign comprehensive package that addresses the orthodontic needs of teenage patients, such as mandibular advancement, compliance indicators, and compensation for tooth eruption; and Invisalign First Phase I and Invisalign First Comprehensive Phase 2 package for younger patients generally between the ages of seven and ten years, which is a mixture of primary/baby and permanent teeth. This segment's non-comprehensive products comprise Invisalign moderate, lite and express packages, and Invisalign go and Invisalign Go Plus; and non-case products that include retention products, Invisalign training, and adjusting tools used by dental professionals during the course of treatment. The Systems and Services segment offers iTero intraoral scanning system, a single hardware platform with software options for restorative or orthodontic procedures; restorative software for general practitioner dentists, prosthodontists, periodontists, and oral surgeons; and software for orthodontists for digital records storage, orthodontic diagnosis, and for the fabrication of printed models and retainers. This segment also provides Invisalign outcome simulator, a chair-side and cloud-based application for the iTero scanner; Invisalign progress assessment tool; and TimeLapse technology, which allows doctors or practitioners to compare a patient's historic 3D scans to the present-day scan, as well as subscription software, disposables, rentals, leases, and pay per scan services Align Technology, Inc. was incorporated in 1997 and is headquartered in Tempe, Arizona.

CEO	Mr. Joseph M. Hogan
WEBSITE	aligntech.com
INDUSTRY	Medical Instruments & Supplies
EMPLOYEES	22910

Align Technology Inc Frequently Asked Questions

What is the ticker symbol for Align Technology Inc? What does ALGN stand for in stocks?

ALGN is the stock ticker symbol of Align Technology Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Align Technology Inc (ALGN)?

As of Tue May 07 2024, market cap of Align Technology Inc is 21.57 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ALGN stock?

You can check ALGN's fair value in chart for subscribers.

What is the fair value of ALGN stock?

You can check ALGN's fair value in chart for subscribers. The fair value of Align Technology Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Align Technology Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ALGN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Align Technology Inc a good stock to buy?

The fair value guage provides a quick view whether ALGN is over valued or under valued. Whether Align Technology Inc is cheap or expensive depends on the assumptions which impact Align Technology Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ALGN.

What is Align Technology Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, ALGN's PE ratio (Price to Earnings) is 46.66 and Price to Sales (PS) ratio is 5.51. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ALGN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Align Technology Inc's stock?

In the past 10 years, Align Technology Inc has provided 0.192 (multiply by 100 for percentage) rate of return.