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ALGN

198.41USD-3.36(-1.67%)Market Closed

Align Technology Inc

Market Summary

USD198.41-3.36Market Closed
-1.67%

ALGN Alerts

ALGN Stock Price

RSI Chart

Valuation

Market Cap

14.7B

Price/Earnings

23.8

Price/Sales

3.69

Price/Cashflow

18.76

MarketCap/EBT

17.47

Price/Sales

Profitability

Operating Margin

72.60%

EBT Margin

21.13%

Return on Equity

17.2%

Return on Assets

10.65%

Fundamentals

Revenue

Revenue (TTM)

3.9B

Revenue Y/Y

-12.36%

Revenue Q/Q

-8.18%

Earnings

Earnings (TTM)

510.8M

Earnings Y/Y

-59.83%

Earnings Q/Q

-35.55%

Price Action

52 Week Range

172.05688.60
(Low)(High)

Last 7 days

1.9%

Last 30 days

10.8%

Last 90 days

-18.8%

Trailing 12 Months

-68.2%

Financial Health

Current Ratio

1.32

Investor Care

Buy Backs (1Y)

0.94%

Diluted EPS (TTM)

6.47

Peers (Alternatives to Align Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
10.2T
429.9M
-11.88% 44.84%
185.5K
28.0K
144.70% 331.94%
115.4B
30.8B
-7.18% -24.29%
22.17
3.71
-3.11% -8.14%
86.7B
17.9B
14.69% -0.88%
41.71
4.92
7.67% 29.32%
86.3B
6.1B
15.30% -16.82%
62.6
14.1
11.47% -18.42%
67.1B
18.9B
10.69% 8.01%
38.21
3.25
-6.81% -14.96%
43.9B
5.4B
8.87% -30.30%
30.09
8.18
5.29% -1.25%
MID-CAP
6.7B
998.4M
15.24% 17.79%
44.21
6.87
6.04% -19.01%
6.4B
806.4M
33.98% -14.84%
-331.15
7.96
20.10% -221.96%
3.9B
380.1M
-8.48% 5.83%
-29.57
10.69
18.85% -63.58%
3.6B
790.7M
-16.73% -66.49%
-273.58
4.7
19.65% -412.22%
SMALL-CAP
1.6B
126.8M
26.44% 24.39%
-26.38
14.01
34.44% -10.05%
1.0B
795.9M
17.05% -10.97%
-131.34
1.33
8.11% 182.50%
994.0M
154.8M
-8.78% -40.92%
-10.57
6.72
60.29% -2309.58%
606.7M
236.2M
-6.64% -29.40%
-16.43
2.57
-8.79% -175.19%

Financials for Align Tech

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-3.1%3,8643,9904,0313,9533,756
Cost Of Revenue1.0%1,1041,0931,0631,017955
Gross Profit-4.7%2,7612,8972,9682,9352,801
Operating Expenses-0.9%2,0102,0282,0191,9591,833
  S&GA Expenses-1.7%1,7161,7451,7511,7091,606
  R&D Expenses4.0%294283268250227
Earnings Before Taxes-16.5%7048439381,0121,007
Net Income-17.5%511619706772740
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets1.8%5,9135,8105,9435,9425,650
  Current Assets5.2%2,5012,3772,4812,4942,455
    Cash Equivalents19.0%1,0458789261,0991,238
  Inventory3.5%321310276230207
  Net PPE1.5%1,2001,1821,1411,0821,003
  Goodwill-3.2%378390412419427
Liabilities0.3%2,2182,2112,2772,3192,133
  Current Liabilities0.3%1,8091,8041,8641,9241,790
Shareholder's Equity2.7%3,6953,5993,6673,6233,517
  Retained Earnings2.8%2,6752,6022,6802,6192,527
  Additional Paid-In Capital4.3%1,0611,017992999972
Accumulated Depreciation-359----
Shares Outstanding0.1%7878797979
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-11.3%6977859761,1731,281
  Share Based Compensation3.6%129124119114110
Cashflow From Investing9.1%-465.22-511.59-658.19-563.43-300.38
Cashflow From Financing15.8%-403.07-478.97-516.64-458.33-359.21
  Buy Backs-23.5%375490450375275

Risks

What is the probability of a big loss on ALGN?

67.3%


Probability that Align Tech stock will be more than 20% underwater in next one year

65.8%


Probability that Align Tech stock will be more than 30% underwater in next one year.

62.3%


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.

Returns

Cumulative Returns on ALGN

22.3%


10-Year Cumulative Returns

17.1%


7-Year Cumulative Returns

-4.8%


5-Year Cumulative Returns

-10.5%


3-Year Cumulative Returns

What are the long-term rolling returns for ALGN?

FIve years rolling returns for Align Tech.

Which funds bought or sold ALGN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
NEW
-
334,000
334,000
0.34%
2022-11-29
London & Capital Asset Management Ltd
ADDED
6.8
-841,000
12,014,000
1.12%
2022-11-23
Toroso Investments, LLC
ADDED
5.23
-53,000
621,000
0.03%
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
-627
6,000
-%
2022-11-22
CONTINENTAL INVESTORS SERVICES, INC.
ADDED
6,300
14,517,000
14,729,000
0.54%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
1,401,000
1,401,000
0.02%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
18.95
13,000
346,000
0.01%
2022-11-22
CVA Family Office, LLC
ADDED
75
5,000
14,000
-%
2022-11-21
ST GERMAIN D J CO INC
UNCHANGED
-
-
3,619,000
0.24%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-1.21
-4,058,000
25,895,000
0.04%

1–10 of 45

Latest Funds Activity

Are funds buying ALGN calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own ALGN

Align Tech News

MarketBeat

Align Technology, Inc. (NASDAQ:ALGN) Short Interest Update.22 hours ago

ALGN Fair Value

Recent SEC filings of Align Tech

View All Filings
Date Filed Form Type Document
Nov 04, 2022
10-Q
Quarterly Report
Nov 03, 2022
4
Insider Trading
Nov 03, 2022
4
Insider Trading
Nov 03, 2022
4
Insider Trading
Oct 31, 2022
8-K/A
Current Report
Oct 31, 2022
8-K
Current Report
Oct 26, 2022
8-K
Current Report
Oct 11, 2022
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for ALGN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-02
HOGAN JOSEPH M
BOUGHT
1,998,990
188.584
10,600
President and CEO
2022-11-02
Thaler Warren S
BOUGHT
200,770
191.209
1,050
-
2022-11-02
Myong Anne
BOUGHT
285,385
190.257
1,500
-
2022-07-20
Coletti Julie Ann
ACQUIRED
-
-
706
EVP, Chief Legal & Regulatory
2022-07-20
Coletti Julie Ann
SOLD (Taxes)
-84,817.4
274.49
-309
EVP, Chief Legal & Regulatory
2022-05-18
Saia Andrea Lynn
ACQUIRED
-
-
524
-
2022-05-18
Myong Anne
ACQUIRED
-
-
524
-
2022-05-18
SANTORA GREG J
ACQUIRED
-
-
524
-
2022-05-18
SIEGEL SUSAN E
ACQUIRED
-
-
524
-
2022-05-18
Thaler Warren S
ACQUIRED
-
-
524
-

1–10 of 50

Joseph M. Hogan
22500
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.

ALGN Income Statement

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Net revenues$ 890,348$ 1,015,906$ 2,833,120$ 2,921,485
Cost of net revenues271,179260,750817,046730,693
Gross profit619,169755,1562,016,0742,190,792
Operating expenses:    
Selling, general and administrative398,547428,4091,264,4021,257,445
Research and development76,96665,587221,738177,839
Total operating expenses475,513493,9961,486,1401,435,284
Income from operations143,656261,160529,934755,508
Interest income1,6854012,6072,427
Other income (expense), net(22,700)427(48,805)34,476
Total interest income and other income (expense), net(21,015)828(46,198)36,903
Net income before provision for income taxes122,641261,988483,736792,411
Provision for income taxes49,94181,019163,938211,352
Net income$ 72,700$ 180,969$ 319,798$ 581,059
Net income per share:    
Basic (in usd per share)$ 0.93$ 2.29$ 4.08$ 7.36
Diluted (in usd per share)$ 0.93$ 2.28$ 4.07$ 7.29
Shares used in computing net income per share:    
Basic (in shares)78,09378,90478,40878,971
Diluted (in shares)78,23779,51678,65279,677

ALGN Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 1,044,523$ 1,099,370
Marketable securities, short-term46,24271,972
Accounts receivable, net of allowance for doubtful accounts of $9,617 and $9,245, respectively859,629897,198
Inventories320,903230,230
Prepaid expenses and other current assets229,283195,305
Total current assets2,500,5802,494,075
Marketable securities, long-term50,256125,320
Property, plant and equipment, net1,199,8801,081,926
Operating lease right-of-use assets, net116,031121,257
Goodwill377,616418,547
Intangible assets, net91,711109,709
Deferred tax assets1,524,5841,533,767
Other assets52,14457,509
Total assets5,912,8025,942,110
Current liabilities:  
Accounts payable138,918163,886
Accrued liabilities383,618607,315
Deferred revenues1,286,8671,152,870
Total current liabilities1,809,4031,924,071
Income tax payable127,059118,072
Operating lease liabilities96,694102,656
Other long-term liabilities185,024174,597
Total liabilities2,218,1802,319,396
Commitments and contingencies (Notes 6 and 7)
Stockholders’ equity:  
Preferred stock, $0.0001 par value (5,000 shares authorized; none issued)00
Common stock, $0.0001 par value (200,000 shares authorized; 78,111 and 78,710 issued and outstanding, respectively)88
Additional paid-in capital1,060,698999,006
Accumulated other comprehensive income (loss), net(40,745)4,326
Retained earnings2,674,6612,619,374
Total stockholders’ equity3,694,6223,622,714
Total liabilities and stockholders’ equity$ 5,912,802$ 5,942,110