ALGN Stock Overview
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.
ALGN passed our risk checks.
Align Technology Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$274.20|
|52 Week High||US$737.45|
|52 Week Low||US$250.64|
|1 Month Change||-33.09%|
|3 Month Change||-48.09%|
|1 Year Change||-50.99%|
|3 Year Change||-14.23%|
|5 Year Change||98.55%|
|Change since IPO||1,483.83%|
Recent News & Updates
Is It Too Late To Consider Buying Align Technology, Inc. (NASDAQ:ALGN)?
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|ALGN||US Medical Equipment||US Market|
Return vs Industry: ALGN underperformed the US Medical Equipment industry which returned -15.6% over the past year.
Return vs Market: ALGN underperformed the US Market which returned -10.4% over the past year.
|ALGN Average Weekly Movement||9.4%|
|Medical Equipment Industry Average Movement||10.3%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: ALGN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: ALGN's weekly volatility (9%) has been stable over the past year.
About the Company
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.
Align Technology Fundamentals Summary
|ALGN fundamental statistics|
Is ALGN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ALGN income statement (TTM)|
|Cost of Revenue||US$1.06b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 27, 2022
|Earnings per share (EPS)||8.96|
|Net Profit Margin||17.51%|
How did ALGN perform over the long term?See historical performance and comparison
Is Align Technology undervalued compared to its fair value and its price relative to the market?
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ALGN ($274.2) is trading below our estimate of fair value ($449.97)
Significantly Below Fair Value: ALGN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ALGN is good value based on its PE Ratio (30.6x) compared to the US Medical Equipment industry average (35x).
PE vs Market: ALGN is poor value based on its PE Ratio (30.6x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: ALGN is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: ALGN is overvalued based on its PB Ratio (5.9x) compared to the US Medical Equipment industry average (2.5x).
How is Align Technology forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ALGN's forecast earnings growth (21.9% per year) is above the savings rate (1.9%).
Earnings vs Market: ALGN's earnings (21.9% per year) are forecast to grow faster than the US market (12.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ALGN's revenue (19.2% per year) is forecast to grow faster than the US market (8% per year).
High Growth Revenue: ALGN's revenue (19.2% 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 high in 3 years time (21.2%)
How has Align Technology performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ALGN has high quality earnings.
Growing Profit Margin: ALGN's current net profit margins (17.5%) are higher than last year (16.3%).
Past Earnings Growth Analysis
Earnings Trend: ALGN's earnings have grown significantly by 28.9% per year over the past 5 years.
Accelerating Growth: ALGN's earnings growth over the past year (54.1%) exceeds its 5-year average (28.9% per year).
Earnings vs Industry: ALGN earnings growth over the past year (54.1%) exceeded the Medical Equipment industry 16.4%.
Return on Equity
High ROE: ALGN's Return on Equity (19.3%) is considered low.
How is Align Technology's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: ALGN's short term assets ($2.5B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: ALGN's short term assets ($2.5B) exceed its long term liabilities ($412.9M).
Debt to Equity History and Analysis
Debt Level: ALGN is debt free.
Reducing Debt: ALGN has not had any debt for past 5 years.
Debt Coverage: ALGN has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ALGN has no debt, therefore coverage of interest payments is not a concern.
What is Align Technology current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ALGN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ALGN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ALGN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ALGN's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as ALGN has not reported any payouts.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joe Hogan (64 yo)
Mr. Joseph M. Hogan, also known as Joe, has been Chief Executive Officer and President of Align Technology, Inc. since June 01, 2015. Mr. Hogan serves as Member of Board of Advisors at Vizzia Technologies,...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD21.59M) is above average for companies of similar size in the US market ($USD13.26M).
Compensation vs Earnings: Joe's compensation has increased by more than 20% in the past year.
Experienced Management: ALGN's management team is seasoned and experienced (5.6 years average tenure).
Experienced Board: ALGN's board of directors are seasoned and experienced ( 12.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ALGN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Align Technology, Inc.'s employee growth, exchange listings and data sources
- Name: Align Technology, Inc.
- Ticker: ALGN
- Exchange: NasdaqGS
- Founded: 1997
- Industry: Health Care Supplies
- Sector: Healthcare
- Implied Market Cap: US$21.713b
- Shares outstanding: 78.81m
- Website: https://www.aligntech.com
Number of Employees
- Align Technology, Inc.
- 410 North Scottsdale Road
- Suite 1300
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/16 00:00|
|End of Day Share Price||2022/05/16 00:00|
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.