Market Summary
USD326.40+8.23
Market Closed2.59%
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
172.05461.79
(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
ALGN Investor Care
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 | ||||||||
MDT | 105.5B | 30.8B | -7.09% | -24.59% | 25.94 | 3.43 | -3.19% | -17.38% |
SYK | 104.1B | 18.4B | 2.26% | 8.00% | 44.16 | 5.64 | 7.84% | 18.25% |
ISRG | 84.2B | 6.2B | -4.47% | -13.27% | 63.66 | 13.53 | 8.97% | -22.43% |
BDX | 67.4B | 19.0B | -5.16% | -6.78% | 41.86 | 3.55 | -0.43% | -8.78% |
EW | 49.8B | 5.4B | 2.41% | -25.12% | 32.74 | 9.26 | 2.86% | 1.25% |
| MID-CAP | ||||||||
SWAV | 7.2T | 489.7M | 9.34% | 31.15% | 82.2K | 16.8K | 106.51% | 2464.23% |
PEN | 10.2B | 847.1M | -3.64% | 34.52% | -5.1K | 12.05 | 13.32% | -137.89% |
GMED | 5.2B | 1.0B | -11.64% | -20.31% | 30.19 | 5.09 | 6.76% | 24.45% |
IRTC | 3.5B | 410.9M | 4.51% | -3.13% | -29.82 | 8.43 | 27.29% | -14.60% |
TNDM | 2.7B | 801.2M | 1.13% | -58.87% | -28.25 | 3.34 | 14.00% | -707.69% |
| SMALL-CAP | ||||||||
SILK | 1.7B | 138.6M | -15.68% | 29.18% | -30.43 | 12.07 | 36.62% | -10.44% |
AVNS | 1.3B | 820.0M | -8.35% | -12.22% | 25.89 | 1.59 | 10.13% | 701.59% |
BLFS | 853.3M | 154.8M | -6.04% | 0.61% | -8.2 | 5.51 | 60.29% | -2309.58% |
CSII | 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) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | -3.4% | 3,735 | 3,864 | 3,990 | 4,031 | 3,953 |
| Cost Of Revenue | -0.2% | 1,101 | 1,104 | 1,093 | 1,063 | 1,017 |
| Gross Profit | -4.6% | 2,634 | 2,761 | 2,897 | 2,968 | 2,935 |
| Operating Expenses | -0.9% | 1,991 | 2,010 | 2,028 | 2,019 | 1,959 |
| S&GA Expenses | -2.4% | 1,674 | 1,716 | 1,745 | 1,751 | 1,709 |
| R&D Expenses | 3.8% | 305 | 294 | 283 | 268 | 250 |
| EBITDA | -12.2% | 725 | 825 | 960 | 1,051 | - |
| EBITDA Margin | -9.1% | 0.19* | 0.21* | 0.24* | 0.26* | - |
| Earnings Before Taxes | -14.9% | 599 | 704 | 843 | 938 | 1,012 |
| EBT Margin | -11.9% | 0.16* | 0.18* | 0.21* | 0.23* | - |
| Net Income | -29.2% | 362 | 511 | 619 | 706 | 772 |
| Net Income Margin | -26.8% | 0.10* | 0.13* | 0.16* | 0.18* | - |
| Free Cahsflow | -20.7% | 277 | 349 | 389 | 531 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 0.6% | 5,948 | 5,913 | 5,810 | 5,943 | 5,942 |
| Current Assets | -3.0% | 2,424 | 2,501 | 2,377 | 2,481 | 2,494 |
| Cash Equivalents | -9.8% | 942 | 1,045 | 878 | 926 | 1,099 |
| Inventory | 5.6% | 339 | 321 | 310 | 276 | 230 |
| Net PPE | 2.7% | 1,232 | 1,200 | 1,182 | 1,141 | 1,082 |
| Goodwill | 7.9% | 408 | 378 | 390 | 412 | 419 |
| Liabilities | 5.8% | 2,347 | 2,218 | 2,211 | 2,277 | 2,319 |
| Current Liabilities | 6.4% | 1,926 | 1,809 | 1,804 | 1,864 | 1,924 |
| Shareholder's Equity | -2.5% | 3,601 | 3,695 | 3,599 | 3,667 | 3,623 |
| Retained Earnings | -4.0% | 2,567 | 2,675 | 2,602 | 2,680 | 2,619 |
| Additional Paid-In Capital | -1.5% | 1,045 | 1,061 | 1,017 | 992 | 999 |
| Accumulated Depreciation | - | 359 | - | - | - | - |
| Shares Outstanding | -1.1% | 77.00 | 78.00 | 78.00 | 79.00 | 79.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -18.4% | 569 | 697 | 785 | 976 | 1,173 |
| Share Based Compensation | 3.8% | 133 | 129 | 124 | 119 | 114 |
| Cashflow From Investing | 54.1% | -213 | -465 | -511 | -658 | -563 |
| Cashflow From Financing | -24.5% | -501 | -403 | -478 | -516 | -458 |
| Buy Backs | 16.0% | 435 | 375 | 490 | 450 | 375 |
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 ascending | Fund Name | Type | % 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% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Align Tech News
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 |
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 Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very 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 ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 |
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
2022-12-31CONSOLIDATED 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 revenues | 1,100,860 | 1,017,229 | 708,706 |
| Gross profit | 2,633,775 | 2,935,355 | 1,763,235 |
| Operating expenses: | |||
| Selling, general and administrative | 1,674,469 | 1,708,640 | 1,200,757 |
| Research and development | 305,258 | 250,315 | 175,307 |
| Restructuring and other charges | 11,453 | 0 | 0 |
| Total operating expenses | 1,991,180 | 1,958,955 | 1,376,064 |
| Income from operations | 642,595 | 976,400 | 387,171 |
| Interest income | 5,367 | 3,103 | 3,125 |
| 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 taxes | 599,057 | 1,012,423 | 378,949 |
| Provision for (benefit from) income taxes | 237,484 | 240,403 | (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) | 78,190 | 78,917 | 78,760 |
| Diluted (shares) | 78,420 | 79,670 | 79,230 |
ALGN Balance Sheet
2022-12-31CONSOLIDATED 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-term | 57,534 | 71,972 |
| Accounts receivable, net of allowance for doubtful accounts of $10,343 and $9,245, respectively | 859,685 | 897,198 |
| Inventories | 338,752 | 230,230 |
| Prepaid expenses and other current assets | 226,370 | 195,305 |
| Total current assets | 2,424,391 | 2,494,075 |
| Marketable securities, long-term | 41,978 | 125,320 |
| Property, plant and equipment, net | 1,231,855 | 1,081,926 |
| Operating lease right-of-use assets, net | 118,880 | 121,257 |
| Goodwill | 407,551 | 418,547 |
| Intangible assets, net | 95,720 | 109,709 |
| Deferred tax assets | 1,571,746 | 1,533,767 |
| Other assets | 55,826 | 57,509 |
| Total assets | 5,947,947 | 5,942,110 |
| Current liabilities: | ||
| Accounts payable | 127,870 | 163,886 |
| Accrued liabilities | 454,374 | 607,315 |
| Deferred revenues | 1,343,643 | 1,152,870 |
| Total current liabilities | 1,925,887 | 1,924,071 |
| Accrued Income Taxes, Noncurrent | 124,393 | 118,072 |
| Operating lease liabilities | 100,334 | 102,656 |
| Other long-term liabilities | 195,975 | 174,597 |
| Total liabilities | 2,346,589 | 2,319,396 |
| Commitments and contingencies (Notes 7 and 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; 77,267 and 78,710 issued and outstanding, respectively) | 8 | 8 |
| Additional paid-in capital | 1,044,946 | 999,006 |
| Accumulated other comprehensive income (loss), net | (10,284) | 4,326 |
| Retained earnings | 2,566,688 | 2,619,374 |
| Total stockholders’ equity | 3,601,358 | 3,622,714 |
| Total liabilities and stockholders’ equity | $ 5,947,947 | $ 5,942,110 |