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Align Technology Inc Stock Research

ALGN

326.40USD+8.23(+2.59%)Market Closed

Market Summary

USD326.40+8.23
Market Closed
2.59%

ALGN Alerts

ALGN Stock Price

ALGN RSI Chart

ALGN Valuation

Market Cap

25.2B

Price/Earnings (Trailing)

69.75

Price/Sales (Trailing)

6.75

EV/EBITDA

33.49

Price/Free Cashflow

91.1

ALGN Price/Sales (Trailing)

ALGN Profitability

Operating Margin

70.52%

EBT Margin

16.04%

Return on Equity

10.04%

Return on Assets

6.08%

Free Cashflow Yield

1.1%

ALGN Fundamentals

ALGN Revenue

Revenue (TTM)

3.7B

Revenue Y/Y

-12.57%

Revenue Q/Q

1.25%

ALGN Earnings

Earnings (TTM)

361.6M

Earnings Y/Y

-78.12%

Earnings Q/Q

-42.54%

Price Action

52 Week Range

172.05461.79
(Low)(High)

Last 7 days

-4.2%

Last 30 days

-2.2%

Last 90 days

57.5%

Trailing 12 Months

-18.6%

ALGN Financial Health

Current Ratio

1.26

ALGN Investor Care

Buy Backs (1Y)

1.83%

Diluted EPS (TTM)

4.61

Peers (Alternatives to Align Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
105.5B
30.8B
-7.09% -24.59%
25.94
3.43
-3.19% -17.38%
104.1B
18.4B
2.26% 8.00%
44.16
5.64
7.84% 18.25%
84.2B
6.2B
-4.47% -13.27%
63.66
13.53
8.97% -22.43%
67.4B
19.0B
-5.16% -6.78%
41.86
3.55
-0.43% -8.78%
49.8B
5.4B
2.41% -25.12%
32.74
9.26
2.86% 1.25%
MID-CAP
7.2T
489.7M
9.34% 31.15%
82.2K
16.8K
106.51% 2464.23%
10.2B
847.1M
-3.64% 34.52%
-5.1K
12.05
13.32% -137.89%
5.2B
1.0B
-11.64% -20.31%
30.19
5.09
6.76% 24.45%
3.5B
410.9M
4.51% -3.13%
-29.82
8.43
27.29% -14.60%
2.7B
801.2M
1.13% -58.87%
-28.25
3.34
14.00% -707.69%
SMALL-CAP
1.7B
138.6M
-15.68% 29.18%
-30.43
12.07
36.62% -10.44%
1.3B
820.0M
-8.35% -12.22%
25.89
1.59
10.13% 701.59%
853.3M
154.8M
-6.04% 0.61%
-8.2
5.51
60.29% -2309.58%
828.4M
239.8M
0.30% 1.49%
-21.88
3.45
-4.74% -31.15%

Financials for Align Tech

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-3.4%3,7353,8643,9904,0313,953
Cost Of Revenue-0.2%1,1011,1041,0931,0631,017
Gross Profit-4.6%2,6342,7612,8972,9682,935
Operating Expenses-0.9%1,9912,0102,0282,0191,959
  S&GA Expenses-2.4%1,6741,7161,7451,7511,709
  R&D Expenses3.8%305294283268250
EBITDA-12.2%7258259601,051-
EBITDA Margin-9.1%0.19*0.21*0.24*0.26*-
Earnings Before Taxes-14.9%5997048439381,012
EBT Margin-11.9%0.16*0.18*0.21*0.23*-
Net Income-29.2%362511619706772
Net Income Margin-26.8%0.10*0.13*0.16*0.18*-
Free Cahsflow-20.7%277349389531-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets0.6%5,9485,9135,8105,9435,942
  Current Assets-3.0%2,4242,5012,3772,4812,494
    Cash Equivalents-9.8%9421,0458789261,099
  Inventory5.6%339321310276230
  Net PPE2.7%1,2321,2001,1821,1411,082
  Goodwill7.9%408378390412419
Liabilities5.8%2,3472,2182,2112,2772,319
  Current Liabilities6.4%1,9261,8091,8041,8641,924
Shareholder's Equity-2.5%3,6013,6953,5993,6673,623
  Retained Earnings-4.0%2,5672,6752,6022,6802,619
  Additional Paid-In Capital-1.5%1,0451,0611,017992999
Accumulated Depreciation-359----
Shares Outstanding-1.1%77.0078.0078.0079.0079.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-18.4%5696977859761,173
  Share Based Compensation3.8%133129124119114
Cashflow From Investing54.1%-213-465-511-658-563
Cashflow From Financing-24.5%-501-403-478-516-458
  Buy Backs16.0%435375490450375

Risks for ALGN

What is the probability of a big loss on ALGN?

73.1%


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

71.5%


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

68.1%


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

Returns for ALGN

Cumulative Returns on ALGN

25.4%


10-Year Cumulative Returns

23.5%


7-Year Cumulative Returns

3.3%


5-Year Cumulative Returns

17.5%


3-Year Cumulative Returns

What are the long-term rolling returns for ALGN?

FIve years rolling returns for Align Tech.

Annualized Returns

Which funds bought or sold ALGN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
sold off
-100
-346,000
-
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-17.09
-9,694,560
52,559,400
0.06%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-9.48
-48,000
558,000
-%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
50,413,500
50,413,500
0.62%
2023-02-28
Voya Investment Management LLC
added
1.2
-53,813,300
9,493,660
0.01%
2023-02-27
ST GERMAIN D J CO INC
added
3.26
-3,615,670
3,330
-%
2023-02-24
National Pension Service
added
13.64
3,272,420
27,370,800
0.05%
2023-02-24
SRS Capital Advisors, Inc.
reduced
-2.94
-121
20,879
-%
2023-02-24
NATIXIS
reduced
-82.36
-2,675,390
580,608
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
25,000
1,426,000
0.01%

1–10 of 46

Latest Funds Activity

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

Align Tech News

Benzinga

Check Out What Whales Are Doing With ALGN - Align Tech (NASDAQ:ALGN).

Benzinga,
2 days ago

Investor's Business Daily

Investor's Business Daily

Investor's Business Daily

Schedule 13G FIlings of Align Tech

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

ALGN Fair Value

Align Tech fair value in different scenarios

The table shows the Fair Value estimates for Align Tech for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

189.87

-41.83%

269.33

-17.48%

438.80

34.44%

635.33

94.65%

769.67

135.81%
Current Inflation

174.77

-46.46%

243.62

-25.36%

388.16

18.92%

554.01

69.73%

667.02

104.36%
Very High Inflation

156.05

-52.19%

212.44

-34.91%

328.20

0.55%

459.22

40.69%

548.16

67.94%

Historical Align Tech Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Align Tech

View All Filings
Date Filed Form Type Document
Mar 01, 2023
8-K
Current Report
Feb 27, 2023
10-K
Annual Report
Feb 23, 2023
4
Insider Trading
Feb 23, 2023
4
Insider Trading
Feb 23, 2023
4
Insider Trading
Feb 23, 2023
4
Insider Trading
Feb 23, 2023
4
Insider Trading
Feb 14, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
4
Insider Trading
Feb 09, 2023
4
Insider Trading

Latest Insider Trading transactions for ALGN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-20
HOGAN JOSEPH M
sold (taxes)
-2,499,160
316
-7,891
president and ceo
2023-02-20
Coletti Julie Ann
acquired
-
-
2,600
evp, chief legal & regulatory
2023-02-20
Morici John
sold (taxes)
-555,509
316
-1,754
evp & chief financial officer
2023-02-20
Hockridge Stuart A
acquired
-
-
2,790
evp global hr
2023-02-20
Coletti Julie Ann
sold (taxes)
-365,167
316
-1,153
evp, chief legal & regulatory
2023-02-20
Wright Emory
acquired
-
-
3,371
evp, global operations
2023-02-20
Wright Emory
sold (taxes)
-580,846
316
-1,834
evp, global operations
2023-02-20
Morici John
acquired
-
-
3,846
evp & chief financial officer
2023-02-20
Hockridge Stuart A
sold (taxes)
-407,289
316
-1,286
evp global hr
2023-02-20
HOGAN JOSEPH M
acquired
-
-
17,625
president and ceo

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

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Net revenues$ 3,734,635$ 3,952,584$ 2,471,941
Cost of net revenues1,100,8601,017,229708,706
Gross profit2,633,7752,935,3551,763,235
Operating expenses:   
Selling, general and administrative1,674,4691,708,6401,200,757
Research and development305,258250,315175,307
Restructuring and other charges11,45300
Total operating expenses1,991,1801,958,9551,376,064
Income from operations642,595976,400387,171
Interest income5,3673,1033,125
Other income (expense), net(48,905)32,920(11,347)
Interest Income and Other Income (Expense), Net(43,538)36,023(8,222)
Net income before provision for (benefit from) income taxes599,0571,012,423378,949
Provision for (benefit from) income taxes237,484240,403(1,396,939)
Net income$ 361,573$ 772,020$ 1,775,888
Net income per share:   
Basic (usd per share)$ 4.62$ 9.78$ 22.55
Diluted (usd per share)$ 4.61$ 9.69$ 22.41
Shares used in computing net income per share:   
Basic (shares)78,19078,91778,760
Diluted (shares)78,42079,67079,230

ALGN Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 942,050$ 1,099,370
Marketable securities, short-term57,53471,972
Accounts receivable, net of allowance for doubtful accounts of $10,343 and $9,245, respectively859,685897,198
Inventories338,752230,230
Prepaid expenses and other current assets226,370195,305
Total current assets2,424,3912,494,075
Marketable securities, long-term41,978125,320
Property, plant and equipment, net1,231,8551,081,926
Operating lease right-of-use assets, net118,880121,257
Goodwill407,551418,547
Intangible assets, net95,720109,709
Deferred tax assets1,571,7461,533,767
Other assets55,82657,509
Total assets5,947,9475,942,110
Current liabilities:  
Accounts payable127,870163,886
Accrued liabilities454,374607,315
Deferred revenues1,343,6431,152,870
Total current liabilities1,925,8871,924,071
Accrued Income Taxes, Noncurrent124,393118,072
Operating lease liabilities100,334102,656
Other long-term liabilities195,975174,597
Total liabilities2,346,5892,319,396
Commitments and contingencies (Notes 7 and 8)
Stockholders’ equity:  
Preferred stock, $0.0001 par value (5,000 shares authorized; none issued)00
Common stock, $0.0001 par value (200,000 shares authorized; 77,267 and 78,710 issued and outstanding, respectively)88
Additional paid-in capital1,044,946999,006
Accumulated other comprehensive income (loss), net(10,284)4,326
Retained earnings2,566,6882,619,374
Total stockholders’ equity3,601,3583,622,714
Total liabilities and stockholders’ equity$ 5,947,947$ 5,942,110