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Align Technology Inc

Healthcare US ALGN

271.5USD
-2.06(0.75%)

Last update at 2024-05-17T20:00:00Z

Day Range

268.35274.70
LowHigh

52 Week Range

176.34413.20
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 599.06M 1012.42M 378.95M 562.65M 466.65M
Minority interest - - - - -
Net income 361.57M 772.02M 1775.89M 442.78M 400.24M
Selling general administrative 1674.47M 1708.64M 1200.76M 1072.05M 852.40M
Selling and marketing expenses - - - - -
Gross profit 2633.78M 2935.36M 1763.23M 1743.90M 1447.87M
Reconciled depreciation 125.79M 108.73M 93.54M 78.99M 54.73M
Ebit 642.60M 867.67M 293.63M 407.48M 411.84M
Ebitda 665.50M 976.40M 387.17M 486.47M 466.56M
Depreciation and amortization 22.91M 108.73M 93.54M 78.99M 54.73M
Non operating income net other - 36.02M -8.22200M 12.63M -8.60600M
Operating income 642.60M 976.40M 293.63M 407.48M 466.56M
Other operating expenses 3080.59M 2976.18M 2084.77M 1892.31M 1499.93M
Interest expense 5.37M 36.02M -8.22200M 147.64M 0.00000M
Tax provision 237.48M 240.40M -1396.93900M 112.35M 57.72M
Interest income 5.37M 3.10M 3.12M 12.48M 8.58M
Net interest income 5.37M 3.10M 3.12M 12.48M 8.58M
Extraordinary items - - - - -
Non recurring - - - -28.01000M -
Other items - - - - -
Income tax expense 237.48M 240.40M -1396.93900M 112.35M 57.72M
Total revenue 3734.64M 3952.58M 2471.94M 2406.80M 1966.49M
Total operating expenses 1979.73M 1958.95M 1376.06M 1229.41M 981.30M
Cost of revenue 1100.86M 1017.23M 708.71M 662.90M 518.62M
Total other income expense net -43.53800M 36.02M 85.32M 155.17M -8.48900M
Discontinued operations - - - - -
Net income from continuing ops 361.57M 772.02M 1775.89M 450.30M 400.24M
Net income applicable to common shares 361.57M 772.02M 1775.89M 442.78M 400.24M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 5947.95M 5942.11M 4829.68M 2500.70M 2052.46M
Intangible assets 95.72M 109.71M 130.07M 11.77M 17.92M
Earning assets - - - - -
Other current assets 226.37M 125.09M 20.99M 102.45M 72.47M
Total liab 2346.59M 2319.40M 1595.82M 1154.53M 799.57M
Total stockholder equity 3601.36M 3622.71M 3233.86M 1346.17M 1252.89M
Deferred long term liab 27.40M 31.10M 22.80M 15.10M 9.19M
Other current liab 427.80M 584.60M 383.85M 304.22M 222.65M
Common stock 0.00800M 0.00800M 0.00800M 0.00800M 0.00800M
Capital stock 0.00800M 0.00800M 0.00800M 0.00800M 0.00800M
Retained earnings 2566.69M 2619.37M 2215.80M 439.91M 378.14M
Other liab 320.37M 292.67M 205.77M 140.10M 107.49M
Good will 407.55M 418.55M 444.82M 63.92M 64.03M
Other assets 1627.57M 1591.28M 1670.54M 97.73M 81.81M
Cash 942.05M 1099.37M 960.84M 550.42M 636.90M
Cash and equivalents - - - - -
Total current liabilities 1925.89M 1924.07M 1325.60M 970.97M 692.07M
Current deferred revenue 1343.64M 1152.87M 777.89M 563.76M 393.14M
Net debt -815.14200M -996.71400M -896.39800M -506.96200M -636.89900M
Short term debt 26.57M 22.72M 21.73M 15.74M 12.03M
Short long term debt - - - - -
Short long term debt total 126.91M 102.66M 64.44M 43.46M -
Other stockholder equity 1044.95M 999.01M 974.56M 906.94M 877.51M
Property plant equipment 1350.73M 1203.18M 734.72M 631.73M 521.33M
Total current assets 2424.39M 2494.07M 1849.54M 1633.42M 1302.48M
Long term investments 41.98M 125.32M - 0.00000M 64.89M
Net tangible assets 3098.09M 3094.46M 2658.98M 1270.48M 1170.94M
Short term investments 57.53M 71.97M 0.00000M 318.20M 98.46M
Net receivables 859.68M 897.20M 657.70M 550.29M 439.01M
Long term debt - - - - -
Inventory 338.75M 230.23M 139.24M 112.05M 55.64M
Accounts payable 127.87M 163.89M 142.13M 87.25M 64.26M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -10.28400M 4.33M 43.50M -0.68800M -2.77400M
Additional paid in capital - - - - -
Common stock total equity - 0.00800M 0.00800M 0.00800M 0.00800M
Preferred stock total equity - - - - -
Retained earnings total equity - 2619.37M 2215.80M 439.91M 378.14M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 55.83M 57.51M 35.15M 39.61M 26.99M
Deferred long term asset charges - - - 64.01M 64.69M
Non current assets total 3523.56M 3448.03M 2980.14M 867.28M 749.98M
Capital lease obligations 100.33M 102.66M 64.44M 59.20M -
Long term debt total - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -213.31600M -563.43000M 343.04M -186.03300M 229.47M
Change to liabilities 205.36M 653.38M 319.70M 286.02M 161.15M
Total cashflows from investing activities -213.31600M -563.43000M -231.50600M -350.44400M 6.93M
Net borrowings - - - -45.77300M -45.77300M
Total cash from financing activities -501.68600M -458.33200M -30.80800M -485.54000M -369.43400M
Change to operating activities -187.45600M 33.92M 21.04M 28.71M 27.13M
Net income 361.57M 772.02M 1775.89M 442.78M 400.24M
Change in cash -157.78400M 138.66M 410.34M -86.43200M 187.44M
Begin period cash flow 1100.14M 961.47M 551.13M 637.57M 450.12M
End period cash flow 942.36M 1100.14M 961.47M 551.13M 637.57M
Total cash from operating activities 568.73M 1172.54M 662.17M 747.27M 554.68M
Issuance of capital stock 26.15M 25.62M 20.31M 17.91M 16.64M
Depreciation 125.79M 108.73M 93.54M 78.99M 54.73M
Other cashflows from investing activities -2.21100M -563.43000M -419.63200M -14.70400M 0.77M
Dividends paid - - - - -
Change to inventory -130.09700M -112.45000M -29.11000M -58.26900M -24.10900M
Change to account receivables 21.55M -262.06600M -139.77700M -121.01400M -109.22400M
Sale purchase of stock -435.03600M -375.03800M 20.31M -399.99900M -300.00200M
Other cashflows from financing activities -92.79900M -108.91700M -51.12200M -57.67500M -86.06700M
Change to netincome 165.68M 1172.54M -1365.29400M 131.82M 81.03M
Capital expenditures 291.90M 401.10M 154.92M 149.71M 223.31M
Change receivables - -262.06600M -139.77700M -121.01400M -109.22400M
Cash flows other operating - -141.22200M 7.22M -13.05400M -9.12200M
Exchange rate changes - - - 2.28M -4.73300M
Cash and cash equivalents changes - 150.78M 399.86M -86.43200M 187.44M
Change in working capital -84.31400M 154.24M 129.69M 75.21M 18.69M
Stock based compensation 133.37M 114.34M 98.43M 88.18M 70.76M
Other non cash items 71.81M 7.77M 56.21M 61.80M 25.95M
Free cash flow 276.83M 771.45M 507.26M 597.56M 331.37M

Fundamentals

  • Previous Close 273.56
  • Market Cap20999.97M
  • Volume589533
  • P/E Ratio58.09
  • Dividend Yield2.59%
  • EBITDA741.12M
  • Revenue TTM3807.05M
  • Revenue Per Share TTM49.52
  • Gross Profit TTM 2636.68M
  • Diluted EPS TTM4.72

Peer Comparison

Sector: Healthcare Industry: Medical Devices

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
ALGN
Align Technology Inc
-2.06 0.75% 271.50 58.09 28.82 5.27 5.28 4.97 25.62
ABT
Abbott Laboratories
-0.78 0.74% 104.09 37.15 23.15 4.67 4.97 4.88 19.38
SYK
Stryker Corporation
0.70 0.21% 334.68 44.07 24.94 5.51 6.12 6.05 25.73
MDT
Medtronic PLC
0.28 0.33% 85.92 26.60 15.87 3.35 2.08 3.90 14.12
BSX
Boston Scientific Corp
0.11 0.15% 74.66 68.17 24.57 5.85 4.26 6.46 26.80

Reports Covered

Stock Research & News

Profile

Align Technology, Inc. designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists in the United States, Switzerland, China, and internationally. It operates in two segments, Clear Aligner; and Imaging Systems and CAD/CAM Services (Systems and Services). The Clear Aligner segment offers comprehensive products, including Invisalign comprehensive package 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 Invisalign Go Plus; and non-case products that include retention products, Invisalign training, and adjusting tools used by dental professionals during the course of treatment. The Systems and Services segment offers iTero intraoral scanning system, 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 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, as well as subscription software, disposables, rentals, leases, and pay per scan services Align Technology, Inc. was incorporated in 1997 and is headquartered in Tempe, Arizona.

Align Technology Inc

410 North Scottsdale Road, Tempe, AZ, United States, 85281

Key Executives

Name Title Year Born
Mr. Joseph M. Hogan Pres, CEO & Director 1957
Mr. John F. Morici CFO & Exec. VP of Global Fin. 1967
Mr. Emory M. Wright Exec. VP of Global Operations 1970
Ms. Julie Ann Coletti Exec. VP and Chief Legal & Regulatory Officer 1969
Mr. Stuart Hockridge Exec. VP of Global HR 1972
Mr. Zelko Relic Exec. VP & CTO 1965
Ms. Shirley Stacy VP of Corp. Communications & Investor Relations NA
Mr. Vamsi Mohan-Raj Pudipeddi Exec. VP, Chief Product & Marketing Officer and MD of Asia Pacific 1972
Mr. Simon Beard MD for Americas Region & Exec. VP 1967
Ms. Jennifer Olson-Wilk Exec. VP of Customer Success 1978

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