Align Technology, Inc.
NasdaqGS-ALGN
Company 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. 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. This segment's non-comprehensive products comprise Invisalign moderate, lite and express packages, and Invisalign go; and non-case products include retention products, Invisalign training fees, and sales of ancillary products, such as cleaning material, and adjusting tools used by dental professionals during the course of treatment. The Scanners and Services segment offers iTero scanner, 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 computer-aided design and computer-aided manufacturing services; ancillary products, such as disposable sleeves for the wand; iTero model and dies; third party scanners and digital scans; 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. The company sells its products in the United States, Switzerland, China, and internationally. Align Technology, Inc. was incorporated in 1997 and is headquartered in Tempe, Arizona.
Name
Align Technology, Inc.
CEO
Mr. Joseph M. Hogan
Website
www.aligntech.com
Sector
Health Care Equipment and Supplies
Year Founded
1997
Profile
Market Cap
$16.97B
EV
$16.31B
Shares Out
74.7M
Revenue
$3,942.86M
Employees
21,805
Margins
Gross
70.16%
EBITDA
20.88%
Operating
17.34%
Pre-Tax
16.16%
Net
11.34%
FCF
10.26%
Returns (5Yr Avg)
ROA
19.24%
ROTA
31.12%
ROE
30.32%
ROCE
20.08%
ROIC
25.39%
Valuation (TTM)
P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—
Valuation (NTM)
Price Target
$287.01
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
Financial Health
Cash
$782.11M
Net Debt
-$653.02M
Debt/Equity
0.03
EBIT/Interest
—
Growth (CAGR)
Rev 3Yr
4.31%
Rev 5Yr
12.49%
Rev 10Yr
18.63%
Dil EPS 3Yr
-12.41%
Dil EPS 5Yr
2.75%
Dil EPS 10Yr
12.85%
Rev Fwd 2Yr
6.74%
EBITDA Fwd 2Yr
7.49%
EPS Fwd 2Yr
10.65%
EPS LT Growth Est
3.96%
Dividends
Yield
—
Payout
—
DPS
—
DPS Growth 3Yr
—
DPS Growth 5Yr
—
DPS Growth 10Yr
—
DPS Growth Fwd 2Yr
—