Align Technology Future Growth

Future criteria checks 2/6

Align Technology is forecast to grow earnings and revenue by 17.5% and 7.4% per annum respectively. EPS is expected to grow by 18.1% per annum. Return on equity is forecast to be 19.6% in 3 years.

Key information

17.5%

Earnings growth rate

18.1%

EPS growth rate

Medical Equipment earnings growth	17.0%
Revenue growth rate	7.4%
Future return on equity	19.6%
Analyst coverage	Good
Last updated	17 Dec 2024

Recent future growth updates

Recent updates

Align Technology: A Change In Plans After Mixed Q3 Earnings

Oct 27

Is Now The Time To Look At Buying Align Technology, Inc. (NASDAQ:ALGN)?

Oct 22

Align Technology, Inc. (NASDAQ:ALGN) Shares Could Be 31% Below Their Intrinsic Value Estimate

Oct 07

Align Technology (NASDAQ:ALGN) Is Reinvesting At Lower Rates Of Return

Sep 22

Shareholders Should Be Pleased With Align Technology, Inc.'s (NASDAQ:ALGN) Price

Jul 15

Align Technology: The Short-Sellers Are Wrong

Jul 14

Is There An Opportunity With Align Technology, Inc.'s (NASDAQ:ALGN) 26% Undervaluation?

Jun 30

Is There Now An Opportunity In Align Technology, Inc. (NASDAQ:ALGN)?

Jun 11

Align Technology (NASDAQ:ALGN) Will Want To Turn Around Its Return Trends

May 27

Align Technology: International Strength To Continue Driving Growth Acceleration

May 07

Earnings and Revenue Growth Forecasts

NasdaqGS:ALGN - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	4,647	665	827	992	15
12/31/2025	4,271	561	757	841	17
12/31/2024	4,006	437	595	589	16
9/30/2024	3,961	442	373	499	N/A
6/30/2024	3,943	447	405	523	N/A
3/31/2024	3,917	462	492	615	N/A
12/31/2023	3,862	445	608	786	N/A
9/30/2023	3,807	363	686	884	N/A
6/30/2023	3,737	314	612	863	N/A
3/31/2023	3,705	315	469	738	N/A
12/31/2022	3,735	362	277	569	N/A
9/30/2022	3,864	511	349	697	N/A
6/30/2022	3,990	619	389	785	N/A
3/31/2022	4,031	706	531	976	N/A
12/31/2021	3,953	772	771	1,173	N/A
9/30/2021	3,756	740	936	1,281	N/A
6/30/2021	3,474	698	895	1,137	N/A
3/31/2021	2,816	458	727	880	N/A
12/31/2020	2,472	1,776	507	662	N/A
9/30/2020	2,287	1,738	355	499	N/A
6/30/2020	2,160	1,701	373	522	N/A
3/31/2020	2,409	1,889	479	640	N/A
12/31/2019	2,407	443	598	747	N/A
9/30/2019	2,291	419	609	770	N/A
6/30/2019	2,189	417	444	632	N/A
3/31/2019	2,079	376	394	595	N/A
12/31/2018	1,966	400	331	555	N/A
9/30/2018	1,854	313	237	476	N/A
6/30/2018	1,734	295	N/A	498	N/A
3/31/2018	1,600	258	N/A	468	N/A
12/31/2017	1,473	231	N/A	439	N/A
9/30/2017	1,345	269	N/A	357	N/A
6/30/2017	1,239	238	N/A	299	N/A
3/31/2017	1,151	219	N/A	265	N/A
12/31/2016	1,080	190	N/A	248	N/A
9/30/2016	1,017	191	N/A	246	N/A
6/30/2016	946	167	N/A	246	N/A
3/31/2016	886	148	N/A	233	N/A
12/31/2015	845	144	N/A	238	N/A
9/30/2015	814	135	N/A	230	N/A
6/30/2015	796	145	N/A	238	N/A
3/31/2015	779	150	N/A	245	N/A
12/31/2014	762	146	N/A	227	N/A
9/30/2014	740	149	N/A	222	N/A
6/30/2014	714	145	N/A	210	N/A
3/31/2014	684	139	N/A	194	N/A
12/31/2013	660	64	N/A	186	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALGN's forecast earnings growth (17.5% per year) is above the savings rate (2.6%).

Earnings vs Market: ALGN's earnings (17.5% per year) are forecast to grow faster than the US market (15.2% per year).

High Growth Earnings: ALGN's earnings are forecast to grow, but not significantly.

Revenue vs Market: ALGN's revenue (7.4% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: ALGN's revenue (7.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ALGN's Return on Equity is forecast to be low in 3 years time (19.6%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 01:32
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Align Technology, Inc. is covered by 49 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jeffrey Johnson	Baird
Ishan Majumdar	Baptista Research
Charley Jones	Barrington Research Associates, Inc.

Align Technology Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Align Technology, Inc. Provides Earnings Guidance for the Fourth Quarter of 2024

Price target decreased by 8.4% to US$302

Align Technology, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2024

Align Technology, Inc. Revises Earnings Guidance for the Fiscal Full Year 2024

Align Technology, Inc. Provides Earnings Guidance for the Second Quarter of 2024

Price target increased by 7.9% to US$306

Recent updates

Align Technology: A Change In Plans After Mixed Q3 Earnings

Align Technology, Inc Announces the Release of the Next Innovation of Invisalign Smile Architect Software

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Align Technology, Inc. Provides Earnings Guidance for the Fourth Quarter of 2024

Is Now The Time To Look At Buying Align Technology, Inc. (NASDAQ:ALGN)?

Invisalign Palatal Expander System by Align Technology, Inc. Now Available in Singapore for Skeletal and Dental Expansion in Growing Patients

Align Technology, Inc. (NASDAQ:ALGN) Shares Could Be 31% Below Their Intrinsic Value Estimate

Align Technology, Inc. Announces Court Grants Preliminary Approval of Settlement to Resolve All Outstanding Shareholder Derivative Litigation

Align Technology (NASDAQ:ALGN) Is Reinvesting At Lower Rates Of Return

Align Technology Announces New Regional Leadership Roles

Independent Chairman recently bought US$1.5m worth of stock

Price target decreased by 8.4% to US$302

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Align Technology, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2024

Shareholders Should Be Pleased With Align Technology, Inc.'s (NASDAQ:ALGN) Price

Align Technology: The Short-Sellers Are Wrong

Is There An Opportunity With Align Technology, Inc.'s (NASDAQ:ALGN) 26% Undervaluation?

Now 22% undervalued after recent price drop

Is There Now An Opportunity In Align Technology, Inc. (NASDAQ:ALGN)?

Align Technology (NASDAQ:ALGN) Will Want To Turn Around Its Return Trends

Now 21% undervalued after recent price drop

Align Technology, Inc. Announces Executive Appointments

Now 20% undervalued

Align Technology: International Strength To Continue Driving Growth Acceleration

Align Technology, Inc. Revises Earnings Guidance for the Fiscal Full Year 2024

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Align Technology, Inc. Provides Earnings Guidance for the Second Quarter of 2024

Align Technology, Inc., Annual General Meeting, May 22, 2024

Investors Interested In Align Technology, Inc.'s (NASDAQ:ALGN) Earnings

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Independent Director recently sold US$7.7m worth of stock

Align Technology: Prospects Are Still Murky, Although There Are Signs Of Hope

President exercised options and sold US$2.7m worth of stock

What Does Align Technology, Inc.'s (NASDAQ:ALGN) Share Price Indicate?

Another Look At Align Technology

U.S. District Court for Northern District of California Grants Summary Judgment in Favor of Align Technology, Inc. in Two Antitrust Class Action Lawsuits

Align Technology's (NASDAQ:ALGN) Strong Earnings Are Of Good Quality

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Price target increased by 7.9% to US$306

Align Technology, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024

Now 22% overvalued

Capital Allocation Trends At Align Technology (NASDAQ:ALGN) Aren't Ideal

Investor sentiment improves as stock rises 16%

Align Technology, Inc. Receives US FDA 510(K) Clearance for the Invisalign Palatal Expander System to Address Skeletal and Dental Expansion in Growing Patients, Including Teenage Patients Which Represent the Majority of Orthodontic Case Starts Globally

Health Canada Issues Medical Device License to Align Technology for the Invisalign® Palatal Expander System to Address Skeletal and Dental Expansion

Align Technology, Inc. Announces Board Appointments

President recently bought US$1m worth of stock

President recently bought US$1m worth of stock

Investor sentiment deteriorates as stock falls 30%

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Now 30% undervalued after recent price drop

Align Technology, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year of 2023

Align Technology, Inc. (NasdaqGS:ALGN) entered into a definitive agreement to acquire additional unknown stake in Cubicure GmbH for €79 million.

Superior Court of California, County of Santa Clara, Confirms $63 Million Arbitration Award in Favor of Align Technology and Denies SmileDirectClub’s Motion to Vacate

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased by 12% to US$381

Align Technology, Inc. Provides Revenue Guidance for the Third Quarter and Full Year of 2023

Align Technology, Inc.(NasdaqGS:ALGN) dropped from Russell 1000 Value Index

Independent Director recently bought US$2.0m worth of stock

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

President exercised options and sold US$2.5m worth of stock

President recently bought US$1m worth of stock

Align Technology, Inc. Announces Executive Changes in iTero Scanner and Services

Full year 2022 earnings: EPS misses analyst expectations

Price target increased by 24% to US$314

Investor sentiment improves as stock rises 37%

Align Technology, Inc. (NasdaqGS:ALGN) announces an Equity Buyback for $1,000 million worth of its shares.

Align Technology, Inc. to Report Q4, 2022 Results on Feb 01, 2023

DentalMonitoring SAS Files Patent Infringement Lawsuit Asserting Three Patents Against Align Technology, Inc