Align Technology Inc. (ALGN)
Align Technology Statistics
Share Statistics
Align Technology has 73.21M shares outstanding. The number of shares has increased by -2.24% in one year.
| Shares Outstanding | 73.21M |
| Shares Change (YoY) | -2.24% |
| Shares Change (QoQ) | -1.41% |
| Owned by Institutions (%) | 87.87% |
| Shares Floating | 68.58M |
| Failed to Deliver (FTD) Shares | 1.3K |
| FTD / Avg. Volume | 0.1% |
Short Selling Information
The latest short interest is 3.7M, so 5.02% of the outstanding shares have been sold short.
| Short Interest | 3.7M |
| Short % of Shares Out | 5.02% |
| Short % of Float | 6.47% |
| Short Ratio (days to cover) | 2.49 |
Valuation Ratios
The PE ratio is 37.05 and the forward PE ratio is 15.52. Align Technology's PEG ratio is -11.35.
| PE Ratio | 37.05 |
| Forward PE | 15.52 |
| PS Ratio | 3.9 |
| Forward PS | 2.7 |
| PB Ratio | 4.05 |
| P/FCF Ratio | 25.07 |
| PEG Ratio | -11.35 |
Enterprise Valuation
Align Technology has an Enterprise Value (EV) of 14.69B.
| EV / Sales | 3.67 |
| EV / EBITDA | 17.98 |
| EV / EBIT | 19.9 |
| EV / FCF | 23.59 |
Financial Position
The company has a current ratio of 1.22, with a Debt / Equity ratio of 0.03.
| Current Ratio | 1.22 |
| Quick Ratio | 1.1 |
| Debt / Equity | 0.03 |
| Debt / EBITDA | 0.15 |
| Debt / FCF | 0.19 |
| Interest Coverage | 0 |
Financial Efficiency
Return on Equity is 10.94% and Return on Invested Capital is 10.07%.
| Return on Equity | 10.94% |
| Return on Assets | 6.78% |
| Return on Invested Capital | 10.07% |
| Revenue Per Employee | $190.93K |
| Profits Per Employee | $20.12K |
| Employee Count | 20,945 |
| Asset Turnover | 0.64 |
| Inventory Turnover | 4.72 |
Taxes
| Income Tax | 187.6M |
| Effective Tax Rate | 30.81% |
Stock Price Statistics
The stock price has increased by -39.13% in the last 52 weeks. The beta is 1.73, so Align Technology's price volatility has been higher than the market average.
| Beta | 1.73 |
| 52-Week Price Change | -39.13% |
| 50-Day Moving Average | 171.03 |
| 200-Day Moving Average | 212.37 |
| Relative Strength Index (RSI) | 51.75 |
| Average Volume (20 Days) | 1.26M |
Income Statement
In the last 12 months, Align Technology had revenue of 4B and earned 421.36M in profits. Earnings per share was 5.63.
| Revenue | 4B |
| Gross Profit | 2.8B |
| Operating Income | 607.63M |
| Net Income | 421.36M |
| EBITDA | 816.8M |
| EBIT | 671.76M |
| Earnings Per Share (EPS) | 5.63 |
Balance Sheet
The company has 1.04B in cash and 119.28M in debt, giving a net cash position of 924.61M.
| Cash & Cash Equivalents | 1.04B |
| Total Debt | 119.28M |
| Net Cash | 924.61M |
| Retained Earnings | 2.48B |
| Total Assets | 6.21B |
| Working Capital | 454.41M |
Cash Flow
In the last 12 months, operating cash flow was 738.23M and capital expenditures -115.58M, giving a free cash flow of 622.65M.
| Operating Cash Flow | 738.23M |
| Capital Expenditures | -115.58M |
| Free Cash Flow | 622.65M |
| FCF Per Share | 8.32 |
Margins
Gross margin is 70%, with operating and profit margins of 15.19% and 10.54%.
| Gross Margin | 70% |
| Operating Margin | 15.19% |
| Pretax Margin | 15.23% |
| Profit Margin | 10.54% |
| EBITDA Margin | 20.42% |
| EBIT Margin | 15.19% |
| FCF Margin | 15.57% |
Dividends & Yields
ALGN does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Payout Ratio | n/a |
| Earnings Yield | 2.7% |
| FCF Yield | 3.99% |
Analyst Forecast
The average price target for ALGN is $260, which is 50.1% higher than the current price. The consensus rating is "Buy".
| Price Target | $260 |
| Price Target Difference | 50.1% |
| Analyst Consensus | Buy |
| Analyst Count | 14 |
Scores
| Altman Z-Score | 4.46 |
| Piotroski F-Score | 7 |