Market Summary
USD301.67-7.83
Delayedas of 21 Sep 2023, 12:16 pm-2.53%
ALGN Stock Price
ALGN RSI Chart
ALGN Valuation
ALGN Price/Sales (Trailing)
ALGN Profitability
ALGN Fundamentals
ALGN Revenue
ALGN Earnings
Price Action
52 Week Range
172.05413.20
(Low)(High)
Last 7 days
-4%
Last 30 days
-9.7%
Last 90 days
-7.4%
Trailing 12 Months
33.3%
ALGN Financial Health
ALGN Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for ALGN
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-07-20 | Coletti Julie Ann | sold (taxes) | -49,648 | 330 | -150 | evp, chief legal & regulatory |
2023-07-20 | Coletti Julie Ann | acquired | - | - | 320 | evp, chief legal & regulatory |
2023-05-30 | MORROW GEORGE J | gifted | - | - | -10,000 | - |
2023-05-30 | Dallas Kevin J | bought | 1,996,800 | 285 | 7,000 | - |
2023-05-17 | Dallas Kevin J | acquired | - | - | 1,114 | - |
2023-05-17 | LACOB JOSEPH | acquired | - | - | 1,114 | - |
2023-05-17 | Myong Anne | acquired | - | - | 1,114 | - |
2023-05-17 | Thaler Warren S | acquired | - | - | 1,114 | - |
2023-05-17 | SIEGEL SUSAN E | sold | - | - | -1,114 | - |
2023-05-17 | SANTORA GREG J | acquired | - | - | 1,114 | - |
Which funds bought or sold ALGN recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 103 | 42,833 | 79,923 | 0.02% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 44,205 | 44,205 | -% |
2023-09-07 | JAG CAPITAL MANAGEMENT, LLC | unchanged | - | 23,556 | 427,197 | 0.05% |
2023-09-01 | Portside Wealth Group, LLC | new | - | 1,673,070 | 1,673,070 | 0.31% |
2023-08-29 | EFG Asset Management (Americas) Corp. | added | 3.8 | 37,261 | 415,173 | 0.10% |
2023-08-25 | Brown Shipley& Co Ltd | new | - | 7,780 | 7,780 | -% |
2023-08-25 | Yarbrough Capital, LLC | unchanged | - | 16,263 | 294,936 | 0.02% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 995,787 | 18,059,000 | 0.17% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | 1,365 | 24,755 | -% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | - | 4,000 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Align Tech
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | |
| Feb 14, 2022 | edgewood management llc | 5.6% | 4,385,581 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 7.45% | 5,871,579 | SC 13G/A | |
| Feb 07, 2022 | gund gordon | 1.4% | 1,085,188 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 7.3% | 5,743,160 | SC 13G/A | |
| Feb 16, 2021 | edgewood management llc | 5.9% | 4,613,620 | SC 13G/A | |
| Feb 11, 2021 | gund gordon | 1.5% | 1,171,411 | SC 13G/A |
Recent SEC filings of Align Tech
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 06, 2023 | 8-K | Current Report | |
| Aug 24, 2023 | 8-K | Current Report | |
| Aug 04, 2023 | S-8 | Employee Benefits Plan | |
| Aug 04, 2023 | 10-Q | Quarterly Report | |
| Jul 26, 2023 | 8-K | Current Report | |
| Jul 24, 2023 | 4 | Insider Trading |
ALGN Fair Value
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Peers (Alternatives to Align Tech)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
SYK | 109.7B | 19.5B | 4.61% | 32.58% | 40.5 | 5.64 | 10.36% | 30.30% |
MDT | 108.4B | 31.6B | -0.16% | -7.89% | 29.89 | 3.44 | 1.57% | -30.40% |
ISRG | 102.6B | 6.7B | 1.85% | 46.31% | 71.98 | 15.39 | 11.75% | -0.66% |
BDX | 71.3B | 19.0B | -3.08% | 10.26% | 44.09 | 3.79 | 0.46% | -5.24% |
EW | 43.7B | 5.7B | -5.74% | -17.48% | 31.48 | 7.73 | 5.64% | -4.53% |
| MID-CAP | ||||||||
PEN | 10.1B | 937.8M | 5.52% | 36.72% | 345.25 | 10.72 | 16.30% | 250.21% |
SWAV | 7.5B | 616.6M | -7.14% | -29.65% | 30.68 | 12.13 | 69.52% | 343.68% |
GMED | 5.3B | 1.1B | -4.57% | -12.56% | 25.23 | 4.84 | 12.63% | 50.85% |
IRTC | 2.7B | 452.1M | -16.85% | -42.51% | -27.51 | 6.04 | 24.99% | 24.09% |
TNDM | 1.5B | 790.3M | -18.06% | -57.30% | -6.6 | 1.87 | 3.21% | -1604.53% |
| SMALL-CAP | ||||||||
AVNS | 952.1M | 780.7M | -7.00% | -11.88% | -26.45 | 1.22 | 4.68% | -510.17% |
CSII | 839.3M | 239.8M | 0.70% | 0.15% | -22.16 | 3.5 | -4.74% | -31.15% |
SILK | 620.2M | 162.9M | -26.12% | -63.06% | -11.73 | 3.81 | 42.67% | 12.82% |
BLFS | 551.7M | 162.2M | 16.09% | -48.52% | -6.56 | 3.4 | 9.71% | 12.37% |
Align Tech News
Returns for ALGN
Cumulative Returns on ALGN
20.6%
10-Year Cumulative Returns
18.3%
7-Year Cumulative Returns
-4.1%
5-Year Cumulative Returns
-1.2%
3-Year Cumulative Returns
Risks for ALGN
What is the probability of a big loss on ALGN?
82.7%
Probability that Align Tech stock will be more than 20% underwater in next one year
80.8%
Probability that Align Tech stock will be more than 30% underwater in next one year.
69.6%
Probability that Align Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does ALGN drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Align Tech was unfortunately bought at previous high price.
Drawdowns
Financials for Align Tech
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 0.9% | 3,737 | 3,705 | 3,735 | 3,864 | 3,990 | 4,031 | 3,953 | 3,793 | 3,512 | 2,853 | 2,472 | 2,287 | 2,160 | 2,409 | 2,407 | 2,291 | 2,189 | 2,079 | 1,966 | 1,854 | 1,734 |
| Cost Of Revenue | 0.6% | 1,126 | 1,119 | 1,101 | 1,104 | 1,093 | 1,063 | 1,017 | 955 | 894 | 770 | 709 | 662 | 632 | 673 | 663 | 636 | 600 | 556 | 519 | 471 | 430 |
| Gross Profit | 1.0% | 2,611 | 2,585 | 2,634 | 2,761 | 2,897 | 2,968 | 2,935 | 2,801 | 2,580 | 2,046 | 1,763 | 1,625 | 1,528 | 1,736 | 1,744 | 1,655 | 1,589 | 1,523 | 1,448 | 1,383 | 1,303 |
| Operating Expenses | 2.1% | 2,049 | 2,007 | 1,991 | 2,010 | 2,028 | 2,019 | 1,959 | 1,833 | 1,696 | 1,503 | 1,376 | 1,300 | 1,253 | 1,211 | 1,201 | 1,143 | 1,079 | 1,066 | 981 | 927 | 874 |
| S&GA Expenses | 1.6% | 1,701 | 1,675 | 1,674 | 1,716 | 1,745 | 1,751 | 1,709 | 1,606 | 1,490 | 1,315 | 1,201 | 1,132 | 1,097 | 1,108 | 1,072 | 1,019 | 956 | 900 | 852 | 808 | 763 |
| R&D Expenses | 4.8% | 336 | 321 | 305 | 294 | 283 | 268 | 250 | 227 | 206 | 188 | 175 | 168 | 163 | 161 | 157 | 152 | 145 | 137 | 129 | 119 | 111 |
| EBITDA | -100.0% | - | 678 | 725 | 825 | 960 | 1,051 | 1,121 | 1,097 | 1,017 | 686 | 473 | 411 | 350 | 617 | 642 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.18* | 0.19* | 0.21* | 0.24* | 0.26* | 0.28* | 0.29* | 0.29* | 0.24* | 0.19* | 0.18* | 0.16* | 0.26* | 0.27* | - | - | - | - | - | - |
| Earnings Before Taxes | -0.4% | 544 | 546 | 599 | 704 | 843 | 938 | 1,012 | 1,007 | 930 | 587 | 379 | 320 | 264 | 531 | 563 | 529 | 527 | 451 | 467 | 457 | 433 |
| EBT Margin | -100.0% | - | 0.15* | 0.16* | 0.18* | 0.21* | 0.23* | 0.26* | 0.27* | 0.27* | 0.21* | 0.15* | 0.14* | 0.12* | 0.22* | 0.23* | - | - | - | - | - | - |
| Net Income | -0.3% | 314 | 315 | 362 | 511 | 619 | 706 | 772 | 740 | 698 | 458 | 1,776 | 1,738 | 1,701 | 1,889 | 443 | 419 | 417 | 376 | 400 | 313 | 295 |
| Net Income Margin | -100.0% | - | 0.09* | 0.10* | 0.13* | 0.16* | 0.18* | 0.20* | 0.20* | 0.20* | 0.16* | 0.72* | 0.76* | 0.79* | 0.78* | 0.18* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 469 | 277 | 349 | 389 | 531 | 771 | 936 | 895 | 727 | 507 | 373 | 391 | 497 | 616 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 4.1% | 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 | 2,052 | 1,928 | 1,917 |
| Current Assets | 5.7% | 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 | 1,302 | 1,224 | 1,261 |
| Cash Equivalents | 14.4% | 952 | 832 | 942 | 1,045 | 878 | 927 | 1,100 | 1,238 | 1,087 | 1,132 | 961 | 616 | 405 | 791 | 551 | 491 | 424 | 589 | 638 | 421 | 549 |
| Inventory | 0.3% | 313 | 312 | 339 | 321 | 310 | 276 | 230 | 207 | 179 | 151 | 139 | 123 | 131 | 121 | 112 | 95.00 | 81.00 | 68.00 | 56.00 | 49.00 | 47.00 |
| Net PPE | 1.3% | 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 | 521 | 492 | 448 |
| Goodwill | 0.1% | 415 | 414 | 408 | 378 | 390 | 412 | 419 | 427 | 432 | 428 | 445 | - | - | 340 | 64.00 | - | - | - | 64.00 | - | - |
| Liabilities | 3.5% | 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 | 800 | 735 | 698 |
| Current Liabilities | 5.1% | 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 | 692 | 618 | 567 |
| Shareholder's Equity | 4.5% | 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 | 1,253 | 1,193 | 1,219 |
| Retained Earnings | 4.7% | 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 | 378 | 328 | 373 |
| Additional Paid-In Capital | 3.3% | 1,142 | 1,105 | 1,045 | 1,061 | 1,017 | 992 | 999 | 972 | 896 | 948 | 975 | 952 | 918 | 895 | 907 | 892 | 874 | 856 | 878 | 865 | 845 |
| Shares Outstanding | 0.0% | 77.00 | 77.00 | 77.00 | 78.00 | 78.00 | 79.00 | 79.00 | 79.00 | 79.00 | 79.00 | 79.00 | 79.00 | 79.00 | 79.00 | 78.00 | 79.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 16.9% | 863 | 738 | 569 | 697 | 785 | 976 | 1,173 | 1,281 | 1,137 | 880 | 662 | 499 | 522 | 640 | 747 | 770 | 632 | 595 | 555 | 476 | 498 |
| Share Based Compensation | 2.7% | 143 | 139 | 133 | 129 | 124 | 119 | 114 | 110 | 107 | 103 | 98.00 | 94.00 | 93.00 | 90.00 | 88.00 | 87.00 | 82.00 | 76.00 | 71.00 | 67.00 | 63.00 |
| Cashflow From Investing | -81.6% | -319 | -175 | -213 | -465 | -511 | -658 | -563 | -300 | -183 | -503 | -231 | -246 | -201 | 0.00 | -350 | -259 | -368 | -176 | 7.00 | -43.71 | -85.76 |
| Cashflow From Financing | 30.8% | -449 | -648 | -501 | -403 | -478 | -516 | -458 | -359 | -286 | -49.51 | -30.81 | -130 | -333 | -427 | -485 | -437 | -387 | -322 | -369 | -371 | -222 |
| Buy Backs | -30.7% | 452 | 652 | 435 | 375 | 490 | 450 | 375 | 275 | 160 | - | - | 100 | 300 | 350 | 400 | 350 | 300 | 250 | 300 | 300 | 165 |
ALGN Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Net revenues | $ 1,002,173 | $ 969,553 | $ 1,945,320 | $ 1,942,772 |
| Cost of net revenues | 288,564 | 281,994 | 571,057 | 545,867 |
| Gross profit | 713,609 | 687,559 | 1,374,263 | 1,396,905 |
| Operating expenses: | ||||
| Selling, general and administrative | 453,193 | 426,398 | 892,884 | 865,855 |
| Research and development | 88,485 | 72,965 | 175,932 | 144,772 |
| Total operating expenses | 541,678 | 499,363 | 1,068,816 | 1,010,627 |
| Income from operations | 171,931 | 188,196 | 305,447 | 386,278 |
| Interest income | 4,421 | 245 | 6,758 | 922 |
| Other income (expense), net | (4,763) | (14,832) | (5,992) | (26,105) |
| Total interest income and other income (expense), net | (342) | (14,587) | 766 | (25,183) |
| Net income before provision for income taxes | 171,589 | 173,609 | 306,213 | 361,095 |
| Provision for income taxes | 59,775 | 60,809 | 106,601 | 113,997 |
| Net income | $ 111,814 | $ 112,800 | $ 199,612 | $ 247,098 |
| Net income per share: | ||||
| Basic (in usd per share) | $ 1.46 | $ 1.44 | $ 2.60 | $ 3.15 |
| Diluted (in usd per share) | $ 1.46 | $ 1.44 | $ 2.60 | $ 3.13 |
| Shares used in computing net income per share: | ||||
| Basic (in shares) | 76,524 | 78,395 | 76,722 | 78,568 |
| Diluted (in shares) | 76,689 | 78,545 | 76,897 | 78,840 |
ALGN Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 951,956 | $ 942,050 |
| Marketable securities, short-term | 55,805 | 57,534 |
| Accounts receivable, net of allowance for doubtful accounts of $13,244 and $10,343, respectively | 908,395 | 859,685 |
| Inventories | 312,736 | 338,752 |
| Prepaid expenses and other current assets | 236,564 | 226,370 |
| Total current assets | 2,465,456 | 2,424,391 |
| Marketable securities, long-term | 26,023 | 41,978 |
| Property, plant and equipment, net | 1,279,042 | 1,231,855 |
| Operating lease right-of-use assets, net | 125,881 | 118,880 |
| Goodwill | 414,765 | 407,551 |
| Intangible assets, net | 89,296 | 95,720 |
| Deferred tax assets | 1,605,926 | 1,571,746 |
| Other assets | 138,161 | 55,826 |
| Total assets | 6,144,550 | 5,947,947 |
| Current liabilities: | ||
| Accounts payable | 110,155 | 127,870 |
| Accrued liabilities | 600,163 | 454,374 |
| Deferred revenues | 1,396,747 | 1,343,643 |
| Total current liabilities | 2,107,065 | 1,925,887 |
| Income tax payable | 113,309 | 124,393 |
| Operating lease liabilities | 104,650 | 100,334 |
| Other long-term liabilities | 181,225 | 195,975 |
| Total liabilities | 2,506,249 | 2,346,589 |
| Commitments and contingencies (Notes 6 and 7) | ||
| 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; 76,532 and 77,267 issued and outstanding, respectively) | 8 | 8 |
| Additional paid-in capital | 1,141,623 | 1,044,946 |
| Accumulated other comprehensive income (loss), net | 11,343 | (10,284) |
| Retained earnings | 2,485,327 | 2,566,688 |
| Total stockholders’ equity | 3,638,301 | 3,601,358 |
| Total liabilities and stockholders’ equity | $ 6,144,550 | $ 5,947,947 |
Align Technology, Inc., a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. It operates in two segments, Clear Aligner; and Scanners and Services. The Clear Aligner segment consists of comprehensive products, including Invisalign comprehensive treatment 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 non-case products include retention products, Invisalign training fees, and sales of ancillary products, such as cleaning material, and adjusting tools used by dental professionals during the course of treatment. The Scanners and Services segment offers iTero scanner, 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 computer-aided design and computer-aided manufacturing services; ancillary products, such as disposable sleeves for the wand; iTero model and dies; third party scanners and digital scans; 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. The company sells its products in the United States, Switzerland, China, and internationally. Align Technology, Inc. was incorporated in 1997 and is headquartered in Tempe, Arizona.