Align Technology Stock Current Valuation

ALGN Stock  USD 327.90  7.96  2.49%   
Valuation analysis of Align Technology helps investors to measure Align Technology's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. As of the 28th of March 2024, Enterprise Value Multiple is likely to grow to 38.89. Fundamental drivers impacting Align Technology's valuation include:
Price Book
6.6201
Enterprise Value
23.2 B
Enterprise Value Ebitda
29.0192
Price Sales
6.2214
Forward PE
37.037
Overvalued
Today
327.90
Please note that Align Technology's price fluctuation is very steady at this time. Calculation of the real value of Align Technology is based on 3 months time horizon. Increasing Align Technology's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for Align Technology is useful when determining the fair value of the Align stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of Align Technology. Since Align Technology is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Align Stock. However, Align Technology's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  327.9 Real  290.38 Target  270.38 Hype  328.24 Naive  340.57
The real value of Align Stock, also known as its intrinsic value, is the underlying worth of Align Technology Company, which is reflected in its stock price. It is based on Align Technology's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Align Technology's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Align Technology's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
288.24
Downside
290.38
Real Value
360.69
Upside
Estimating the potential upside or downside of Align Technology helps investors to forecast how Align stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Align Technology more accurately as focusing exclusively on Align Technology's fundamentals will not take into account other important factors:
Earnings
Estimates (0)
LowProjectedHigh
1.881.962.02
Details
Hype
Prediction
LowEstimatedHigh
326.10328.24330.38
Details
Naive
Forecast
LowNext ValueHigh
338.43340.57342.71
Details
17 Analysts
Consensus
LowTarget PriceHigh
246.05270.38300.12
Details

Align Current Valuation Analysis

Align Technology's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
 2021 2022 2023 2024 (projected)
Total Operating Expenses2.0B2.0B2.1B2.2B
Cost Of Revenue1.0B1.1B1.2B1.2B

Enterprise Value

 = 

Market Cap + Debt

-

Cash

More About Current Valuation | All Equity Analysis

Current Align Technology Current Valuation

    
  23.19 B  
Most of Align Technology's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Align Technology is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Align Current Valuation Driver Correlations

Understanding the fundamental principles of building solid financial models for Align Technology is extremely important. It helps to project a fair market value of Align Stock properly, considering its historical fundamentals such as Current Valuation. Since Align Technology's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Align Technology's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Align Technology's interrelated accounts and indicators.
0.971.00.99-0.930.990.940.98-0.350.830.60.990.980.20.230.970.970.980.950.840.990.81-0.30.95-0.9-0.58
0.970.960.96-0.950.950.960.99-0.260.780.610.980.980.120.240.910.950.960.880.770.960.83-0.260.9-0.82-0.54
1.00.960.97-0.940.990.940.97-0.360.80.610.980.970.20.260.970.950.970.960.870.990.81-0.280.96-0.89-0.56
0.990.960.97-0.880.960.890.98-0.350.90.541.00.970.190.160.951.00.990.910.760.990.77-0.360.92-0.92-0.66
-0.93-0.95-0.94-0.88-0.91-0.94-0.950.34-0.67-0.7-0.92-0.94-0.22-0.37-0.87-0.88-0.89-0.88-0.83-0.9-0.820.28-0.880.780.39
0.990.950.990.96-0.910.940.95-0.440.770.510.970.940.20.130.990.940.960.970.880.980.74-0.320.98-0.89-0.54
0.940.960.940.89-0.940.940.94-0.260.630.630.930.940.170.290.890.870.880.890.840.910.79-0.240.91-0.75-0.36
0.980.990.970.98-0.950.950.94-0.270.840.620.990.990.180.250.910.980.980.890.760.970.83-0.320.9-0.86-0.57
-0.35-0.26-0.36-0.350.34-0.44-0.26-0.27-0.230.22-0.34-0.2-0.360.32-0.49-0.34-0.32-0.53-0.57-0.360.080.58-0.480.50.29
0.830.780.80.9-0.670.770.630.84-0.230.450.860.830.180.160.770.920.90.710.50.850.66-0.30.7-0.85-0.78
0.60.610.610.54-0.70.510.630.620.220.450.560.680.190.790.470.530.550.50.490.550.880.150.53-0.45-0.08
0.990.980.981.0-0.920.970.930.99-0.340.860.560.980.190.190.950.990.990.920.790.990.79-0.340.93-0.89-0.61
0.980.980.970.97-0.940.940.940.99-0.20.830.680.980.160.330.890.960.970.870.750.960.86-0.250.88-0.83-0.54
0.20.120.20.19-0.220.20.170.18-0.360.180.190.190.160.270.220.190.180.330.380.150.0-0.320.24-0.21-0.08
0.230.240.260.16-0.370.130.290.250.320.160.790.190.330.270.110.160.180.210.270.170.460.310.11-0.050.03
0.970.910.970.95-0.870.990.890.91-0.490.770.470.950.890.220.110.930.940.980.90.980.71-0.350.97-0.93-0.62
0.970.950.951.0-0.880.940.870.98-0.340.920.530.990.960.190.160.930.990.880.720.980.77-0.360.89-0.92-0.68
0.980.960.970.99-0.890.960.880.98-0.320.90.550.990.970.180.180.940.990.90.750.990.79-0.340.9-0.91-0.67
0.950.880.960.91-0.880.970.890.89-0.530.710.50.920.870.330.210.980.880.90.960.940.67-0.350.96-0.88-0.54
0.840.770.870.76-0.830.880.840.76-0.570.50.490.790.750.380.270.90.720.750.960.820.57-0.310.9-0.74-0.34
0.990.960.990.99-0.90.980.910.97-0.360.850.550.990.960.150.170.980.980.990.940.820.8-0.310.94-0.93-0.65
0.810.830.810.77-0.820.740.790.830.080.660.880.790.860.00.460.710.770.790.670.570.80.030.74-0.71-0.33
-0.3-0.26-0.28-0.360.28-0.32-0.24-0.320.58-0.30.15-0.34-0.25-0.320.31-0.35-0.36-0.34-0.35-0.31-0.310.03-0.30.430.36
0.950.90.960.92-0.880.980.910.9-0.480.70.530.930.880.240.110.970.890.90.960.90.940.74-0.3-0.87-0.43
-0.9-0.82-0.89-0.920.78-0.89-0.75-0.860.5-0.85-0.45-0.89-0.83-0.21-0.05-0.93-0.92-0.91-0.88-0.74-0.93-0.710.43-0.870.74
-0.58-0.54-0.56-0.660.39-0.54-0.36-0.570.29-0.78-0.08-0.61-0.54-0.080.03-0.62-0.68-0.67-0.54-0.34-0.65-0.330.36-0.430.74
Click cells to compare fundamentals
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Competition

In accordance with the recently published financial statements, Align Technology has a Current Valuation of 23.19 B. This is 61.44% higher than that of the Health Care Equipment & Supplies sector and 86.64% higher than that of the Health Care industry. The current valuation for all United States stocks is 39.48% lower than that of the firm.

Align Current Valuation Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Align Technology's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Align Technology could also be used in its relative valuation, which is a method of valuing Align Technology by comparing valuation metrics of similar companies.
Align Technology is currently under evaluation in current valuation category among related companies.

Align Fundamentals

About Align Technology Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Align Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Align Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Align Technology based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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. Align Technology, Inc. was incorporated in 1997 and is headquartered in Tempe, Arizona. Align Technology operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 23800 people.

Align Technology Investors Sentiment

The influence of Align Technology's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Align. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Align Technology's public news can be used to forecast risks associated with an investment in Align. The trend in average sentiment can be used to explain how an investor holding Align can time the market purely based on public headlines and social activities around Align Technology. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Align Technology's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Align Technology's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Align Technology's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Align Technology.

Align Technology Implied Volatility

    
  81.76  
Align Technology's implied volatility exposes the market's sentiment of Align Technology stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Align Technology's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Align Technology stock will not fluctuate a lot when Align Technology's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Align Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Align Technology's short interest history, or implied volatility extrapolated from Align Technology options trading.

Pair Trading with Align Technology

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Align Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Align Technology will appreciate offsetting losses from the drop in the long position's value.

Moving against Align Stock

  0.86SSY SunLink Health SystemsPairCorr
  0.69DYNT Dynatronics Financial Report 9th of May 2024 PairCorr
  0.68TFX Teleflex Incorporated Financial Report 2nd of May 2024 PairCorr
  0.57FIGS Figs Inc Financial Report 2nd of May 2024 PairCorr
  0.47MBOT Microbot Medical Earnings Call TomorrowPairCorr
The ability to find closely correlated positions to Align Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Align Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Align Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Align Technology to buy it.
The correlation of Align Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Align Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Align Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Align Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Align Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Align Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Align Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Align Technology Stock:
Check out Align Technology Piotroski F Score and Align Technology Altman Z Score analysis.
To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.
Note that the Align Technology information on this page should be used as a complementary analysis to other Align Technology's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Align Stock analysis

When running Align Technology's price analysis, check to measure Align Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Align Technology is operating at the current time. Most of Align Technology's value examination focuses on studying past and present price action to predict the probability of Align Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Align Technology's price. Additionally, you may evaluate how the addition of Align Technology to your portfolios can decrease your overall portfolio volatility.
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Global Correlations
Find global opportunities by holding instruments from different markets
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Is Align Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Align Technology. If investors know Align will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Align Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.06
Earnings Share
5.82
Revenue Per Share
50.536
Quarterly Revenue Growth
0.061
Return On Assets
0.0682
The market value of Align Technology is measured differently than its book value, which is the value of Align that is recorded on the company's balance sheet. Investors also form their own opinion of Align Technology's value that differs from its market value or its book value, called intrinsic value, which is Align Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Align Technology's market value can be influenced by many factors that don't directly affect Align Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Align Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Align Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Align Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.