Align Technology Inc ALGN

Morningstar Rating
$143.74 −1.61 (1.10%)
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Company Report

Price vs Fair Value

ALGN is trading at a LOCK|N#b!#sk premium.
Price
$145.35
Fair Value
LOCK|@y
Uncertainty
LOCK|qc
1-Star Price
LOCK|@.RTv
5-Star Price
LOCK|cj
Economic Moat
LOCK|DwG?
Capital Allocation
LOCK|D$WpGt

Bulls Say, Bears Say

Bulls

Invisalign is likely to win over new doctors and patients as adoption of clear aligners increases and chips away at wire and bracket market share.

Bears

Increasing competition in the clear aligner market could erode Invisalign’s market share over the long term.

News

Articles & Videos

Trading Information

Previous Close Price
$145.35
Day Range
$143.23–147.09
52-Week Range
$124.91–200.44
Bid/Ask
$143.80 / $146.41
Shares Outstanding
71.04M
Market Cap
$10.21B
Volume/Avg
549,993 / 912,923

Key Statistics

Price/Earnings (Normalized)
13.07
Price/Sales
2.52
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
2.40%

Company Profile

Align Technology is the leading manufacturer of clear aligners. Invisalign, its main product, was approved by the Food and Drug Administration in 1998 and has since dominated, controlling over 90% of the market. Invisalign can treat roughly 90% of all malocclusion cases (misaligned teeth), and there are over 230,000 Invisalign-trained dentists and orthodontists. In 2022, Invisalign treated over 2 million cases, or roughly 10% of all orthodontic cases for the year, and it has treated over 14 million patients since its launch. Align also sells intraoral scanners under the brand iTero, which captures digital impressions of patients’ teeth and illustrates treatment plans. Over 85% of Invisalign cases are submitted by digital scans, and iTero scans make up over half of these scans.
Sector
Healthcare
Industry
Medical Instruments & Supplies
Stock Style Box
Small Core
Total Number of Employees
20,435

Competitors

Valuation

Metric
ALGN
STMN
XRAY
Price/Earnings (Normalized)
13.0728.026.11
Price/Book Value
2.456.401.29
Price/Sales
2.525.540.48
Price/Cash Flow
10.6621.935.40
Price/Earnings
ALGN
STMN
XRAY

Financial Strength

Metric
ALGN
STMN
XRAY
Quick Ratio
1.201.610.72
Current Ratio
1.402.261.63
Interest Coverage
—46.67−2.81
Quick Ratio
ALGN
STMN
XRAY

Profitability

Metric
ALGN
STMN
XRAY
Return on Assets (Normalized)
12.71%12.74%−0.14%
Return on Equity (Normalized)
19.67%21.89%−0.54%
Return on Invested Capital (Normalized)
18.83%18.37%1.64%
Return on Assets
ALGN
STMN
XRAY

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