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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt No Debt
ALGN's Cash to Debt is ranked higher than
92% of the 392 Companies
in the Global Medical Devices industry.

( Industry Median: 2.71 vs. ALGN: No Debt )
ALGN' s 10-Year Cash to Debt Range
Min: 5.57   Max: No Debt
Current: No Debt

Equity to Asset 0.76
ALGN's Equity to Asset is ranked higher than
82% of the 373 Companies
in the Global Medical Devices industry.

( Industry Median: 0.62 vs. ALGN: 0.76 )
ALGN' s 10-Year Equity to Asset Range
Min: 0.55   Max: 0.89
Current: 0.76

0.55
0.89
Interest Coverage No Debt
ALGN's Interest Coverage is ranked higher than
94% of the 212 Companies
in the Global Medical Devices industry.

( Industry Median: 81.00 vs. ALGN: No Debt )
ALGN' s 10-Year Interest Coverage Range
Min: 22.24   Max: 9999.99
Current: No Debt

22.24
9999.99
F-Score: 8
Z-Score: 14.48
M-Score: -2.60
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 14.27
ALGN's Operating margin (%) is ranked higher than
86% of the 382 Companies
in the Global Medical Devices industry.

( Industry Median: 6.50 vs. ALGN: 14.27 )
ALGN' s 10-Year Operating margin (%) Range
Min: -3577.86   Max: 26.54
Current: 14.27

-3577.86
26.54
Net-margin (%) 9.74
ALGN's Net-margin (%) is ranked higher than
84% of the 382 Companies
in the Global Medical Devices industry.

( Industry Median: 4.71 vs. ALGN: 9.74 )
ALGN' s 10-Year Net-margin (%) Range
Min: -3750.61   Max: 26.31
Current: 9.74

-3750.61
26.31
ROE (%) 10.14
ALGN's ROE (%) is ranked higher than
83% of the 377 Companies
in the Global Medical Devices industry.

( Industry Median: 5.57 vs. ALGN: 10.14 )
ALGN' s 10-Year ROE (%) Range
Min: -98.06   Max: 36.6
Current: 10.14

-98.06
36.6
ROA (%) 7.73
ALGN's ROA (%) is ranked higher than
87% of the 392 Companies
in the Global Medical Devices industry.

( Industry Median: 3.23 vs. ALGN: 7.73 )
ALGN' s 10-Year ROA (%) Range
Min: -125.77   Max: 28.63
Current: 7.73

-125.77
28.63
ROC (Joel Greenblatt) (%) 124.38
ALGN's ROC (Joel Greenblatt) (%) is ranked higher than
99% of the 391 Companies
in the Global Medical Devices industry.

( Industry Median: 12.89 vs. ALGN: 124.38 )
ALGN' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -443.32   Max: 334.81
Current: 124.38

-443.32
334.81
Revenue Growth (%) 17.20
ALGN's Revenue Growth (%) is ranked higher than
93% of the 307 Companies
in the Global Medical Devices industry.

( Industry Median: 4.60 vs. ALGN: 17.20 )
ALGN' s 10-Year Revenue Growth (%) Range
Min: 7.6   Max: 150.4
Current: 17.2

7.6
150.4
EBITDA Growth (%) -3.50
ALGN's EBITDA Growth (%) is ranked higher than
74% of the 282 Companies
in the Global Medical Devices industry.

( Industry Median: -2.90 vs. ALGN: -3.50 )
ALGN' s 10-Year EBITDA Growth (%) Range
Min: -37.7   Max: 44.9
Current: -3.5

-37.7
44.9
EPS Growth (%) -6.40
ALGN's EPS Growth (%) is ranked higher than
70% of the 269 Companies
in the Global Medical Devices industry.

( Industry Median: -2.00 vs. ALGN: -6.40 )
ALGN' s 10-Year EPS Growth (%) Range
Min: -76.1   Max: 289.3
Current: -6.4

-76.1
289.3
» ALGN's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

ALGN Guru Trades in Q3 2013

Steven Cohen 5,105 sh (+106.1%)
Jim Simons 28,800 sh (+2.86%)
Ron Baron 29,800 sh (unchged)
Mariko Gordon 82,976 sh (-0.13%)
Mario Gabelli 30,000 sh (-3.23%)
Pioneer Investments 197,426 sh (-33.39%)
» More
Q4 2013

ALGN Guru Trades in Q4 2013

Paul Tudor Jones 23,852 sh (New)
Jim Simons 675,081 sh (+2244.03%)
Steven Cohen 6,322 sh (+23.84%)
Ron Baron 29,800 sh (unchged)
Mariko Gordon Sold Out
Pioneer Investments 115,339 sh (-41.58%)
Mario Gabelli 14,000 sh (-53.33%)
» More
Q1 2014

ALGN Guru Trades in Q1 2014

Joel Greenblatt 200,447 sh (New)
Steven Cohen 356,898 sh (+5545.33%)
Pioneer Investments 169,447 sh (+46.91%)
Jim Simons 757,977 sh (+12.28%)
Ron Baron 29,800 sh (unchged)
Mario Gabelli 13,500 sh (-3.57%)
Paul Tudor Jones 5,000 sh (-79.04%)
» More
Q2 2014

ALGN Guru Trades in Q2 2014

Mariko Gordon 79,953 sh (New)
Ken Fisher 21,118 sh (New)
Pioneer Investments 188,427 sh (+11.2%)
Steven Cohen 436,800 sh (unchged)
Ron Baron 29,800 sh (unchged)
Paul Tudor Jones Sold Out
Mario Gabelli 12,500 sh (-7.41%)
Jim Simons 489,381 sh (-35.44%)
Joel Greenblatt 18,854 sh (-90.59%)
» More
» Details

Insider Trades

Latest Guru Trades with ALGN

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Mariko Gordon 2014-06-30 New Buy0.18%$48.04 - $56.32 $ 54.465%79953
Joel Greenblatt 2014-06-30 Reduce -90.59%0.14%$48.04 - $56.32 $ 54.465%18854
Joel Greenblatt 2014-03-31 New Buy0.16%$50.73 - $63.95 $ 54.46-3%200447
Mariko Gordon 2013-12-31 Sold Out 0.18%$42.52 - $58.59 $ 54.461%0
Mario Gabelli 2013-12-31 Reduce -53.33%$42.52 - $58.59 $ 54.461%14000
John Hussman 2013-06-30 Sold Out 0.73%$30.13 - $38.16 $ 54.4658%0
Ron Baron 2012-12-31 New Buy0.01%$25.39 - $38.9 $ 54.4689%29800
Mario Gabelli 2012-09-30 Reduce -31.91%$29.25 - $39.19 $ 54.4657%32000
John Hussman 2012-06-30 Reduce -39.92%0.27%$26.67 - $34.35 $ 54.4679%751000
George Soros 2012-06-30 Sold Out 0.03%$26.67 - $34.35 $ 54.4679%0
Joel Greenblatt 2012-03-31 Sold Out 0.1%$22.67 - $28.24 $ 54.46127%0
George Soros 2012-03-31 New Buy0.03%$22.67 - $28.24 $ 54.46127%75000
Joel Greenblatt 2011-09-30 Add 117.09%0.05%$14.96 - $24.02 $ 54.46179%39882
Joel Greenblatt 2011-06-30 Reduce -21.09%0.03%$20.7 - $24.99 $ 54.46136%18371
George Soros 2011-06-30 Sold Out $20.7 - $24.99 $ 54.46136%0
Premium More recent guru trades are included for Premium Members only!!
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Ratios

vs
industry
vs
history
P/E(ttm) 31.10
ALGN's P/E(ttm) is ranked higher than
76% of the 415 Companies
in the Global Medical Devices industry.

( Industry Median: 78.90 vs. ALGN: 31.10 )
ALGN' s 10-Year P/E(ttm) Range
Min: 5.22   Max: 489.21
Current: 31.1

5.22
489.21
P/B 6.58
ALGN's P/B is ranked lower than
62% of the 415 Companies
in the Global Medical Devices industry.

( Industry Median: 3.50 vs. ALGN: 6.58 )
ALGN' s 10-Year P/B Range
Min: 1.86   Max: 19.24
Current: 6.58

1.86
19.24
P/S 6.27
ALGN's P/S is ranked lower than
58% of the 415 Companies
in the Global Medical Devices industry.

( Industry Median: 3.21 vs. ALGN: 6.27 )
ALGN' s 10-Year P/S Range
Min: 1.31   Max: 9.62
Current: 6.27

1.31
9.62
PFCF 23.58
ALGN's PFCF is ranked higher than
87% of the 415 Companies
in the Global Medical Devices industry.

( Industry Median: 9999.00 vs. ALGN: 23.58 )
ALGN' s 10-Year PFCF Range
Min: 11.21   Max: 2846
Current: 23.58

11.21
2846
EV-to-EBIT 21.82
ALGN's EV-to-EBIT is ranked higher than
81% of the 415 Companies
in the Global Medical Devices industry.

( Industry Median: 57.01 vs. ALGN: 21.82 )
ALGN' s 10-Year EV-to-EBIT Range
Min: 10.3   Max: 287.7
Current: 21.82

10.3
287.7
Shiller P/E 61.85
ALGN's Shiller P/E is ranked higher than
75% of the 415 Companies
in the Global Medical Devices industry.

( Industry Median: 9999.00 vs. ALGN: 61.85 )
ALGN' s 10-Year Shiller P/E Range
Min: 30.52   Max: 136.15
Current: 61.85

30.52
136.15
Current Ratio 2.96
ALGN's Current Ratio is ranked higher than
71% of the 273 Companies
in the Global Medical Devices industry.

( Industry Median: 2.86 vs. ALGN: 2.96 )
ALGN' s 10-Year Current Ratio Range
Min: 1.59   Max: 6.96
Current: 2.96

1.59
6.96
Quick Ratio 2.89
ALGN's Quick Ratio is ranked higher than
77% of the 273 Companies
in the Global Medical Devices industry.

( Industry Median: 2.12 vs. ALGN: 2.89 )
ALGN' s 10-Year Quick Ratio Range
Min: 1.55   Max: 6.82
Current: 2.89

1.55
6.82

Valuation & Return

vs
industry
vs
history
Price/Net Cash 28.51
ALGN's Price/Net Cash is ranked higher than
88% of the 415 Companies
in the Global Medical Devices industry.

( Industry Median: 9999.00 vs. ALGN: 28.51 )
ALGN' s 10-Year Price/Net Cash Range
Min: 2.22   Max: 417
Current: 28.51

2.22
417
Price/Net Current Asset Value 17.07
ALGN's Price/Net Current Asset Value is ranked higher than
85% of the 415 Companies
in the Global Medical Devices industry.

( Industry Median: 9999.00 vs. ALGN: 17.07 )
ALGN' s 10-Year Price/Net Current Asset Value Range
Min: 1.96   Max: 52.5
Current: 17.07

1.96
52.5
Price/Tangible Book 7.51
ALGN's Price/Tangible Book is ranked higher than
62% of the 415 Companies
in the Global Medical Devices industry.

( Industry Median: 6.09 vs. ALGN: 7.51 )
ALGN' s 10-Year Price/Tangible Book Range
Min: 1.17   Max: 16.39
Current: 7.51

1.17
16.39
Price/DCF (Projected) 2.28
ALGN's Price/DCF (Projected) is ranked higher than
84% of the 415 Companies
in the Global Medical Devices industry.

( Industry Median: 9999.00 vs. ALGN: 2.28 )
ALGN' s 10-Year Price/DCF (Projected) Range
Min: 1.36   Max: 14.76
Current: 2.28

1.36
14.76
Price/Median PS Value 1.54
ALGN's Price/Median PS Value is ranked higher than
57% of the 415 Companies
in the Global Medical Devices industry.

( Industry Median: 1.15 vs. ALGN: 1.54 )
ALGN' s 10-Year Price/Median PS Value Range
Min: 0.43   Max: 8.11
Current: 1.54

0.43
8.11
Price/Graham Number 3.20
ALGN's Price/Graham Number is ranked higher than
78% of the 415 Companies
in the Global Medical Devices industry.

( Industry Median: 8.98 vs. ALGN: 3.20 )
ALGN' s 10-Year Price/Graham Number Range
Min: 0.85   Max: 17.12
Current: 3.2

0.85
17.12
Earnings Yield (Greenblatt) 4.60
ALGN's Earnings Yield (Greenblatt) is ranked higher than
69% of the 305 Companies
in the Global Medical Devices industry.

( Industry Median: 4.60 vs. ALGN: 4.60 )
ALGN' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 9.7
Current: 4.6

0.3
9.7
Forward Rate of Return (Yacktman) 1.88
ALGN's Forward Rate of Return (Yacktman) is ranked higher than
77% of the 314 Companies
in the Global Medical Devices industry.

( Industry Median: 1.43 vs. ALGN: 1.88 )
ALGN' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -54.9   Max: 3.7
Current: 1.88

-54.9
3.7

Business Description

Industry: Medical Devices » Medical Devices
Compare:MDT, SYK, SMA, ZMH, STJ » details
Traded in other countries:AFW.Germany
Align Technology, Inc. was incorporated in Delaware in April 1997. The Company designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and CAD/CAM (computer-aided design and computer-aided manufacturing) digital services used in dentistry, orthodontics, and dental records storage. The Company has two operating segments namely Clear Aligner, known as the Invisalign system; and Scanners and CAD/CAM Services, known as iTero and iOC intra-oral scanners and OrthoCAD services. The Company distributes the vast majority of its products directly to its customers: orthodontists and general practitioner dentists, or GPs, as well as to restorative dentists, including prosthodontists, periodontists, and oral surgeons. The Company received the United States Food and Drug Administration ("FDA") clearance to market the Invisalign system in 1998. The Invisalign system is regulated by the FDA as a Class II medical device. In order to provide Invisalign treatment to their patients, orthodontists and GPs must initially complete an Invisalign training course. The Invisalign system is sold in North America, Europe, Asia Pacific, Latin America and Japan. The Company uses a distributor model for the sale of its products in non-core country markets in the Asia Pacific, Europe, the Middle East and Africa (EMEA), and Latin America regions. Malocclusion and Traditional Orthodontic Treatment is one of the most prevalent clinical dental conditions, affecting nearly a billion people, or approximately 50 to 75% of the population of major developed countries. Approximately 6.8 million people annually elect treatment by orthodontists worldwide, of which approximately 2.6 million have mild to moderate malocclusion and are applicable to Invisalign treatment-it served market. The Invisalign system is a proprietary method for treating malocclusion based on a series of doctor-prescribed, custom manufactured, clear plastic removable orthodontic aligners. The Invisalign system offers a range of treatment options, specialized services, and proprietary software for treatment visualization. The Company markets Invisalign by communicating the benefits of the Invisalign system to dental professionals through its training programs, mail campaigns, trade shows, trade journals and print media, and to consumers through advertising, digital media, event marketing and social networking activities. Based on its experience with advertising and commercial sales, the Company believes that making consumers aware of Invisalign as a new treatment alternative generates significant demand for Invisalign. It competes for the attention of dental professionals with manufacturers of traditional orthodontic appliances (or wires and brackets), which include 3M's Unitek, Danaher Corporation's Sybron Dental Specialties, and Dentsply International, Inc.
» More Articles for ALGN

Headlines

Articles On GuruFocus.com
Valeant Pharmaceuticals Part X: a follow up on the sale of facial injectables Aug 11 2014 
WEEKLY CFO SELLS HIGHLIGHT: CY, UTEK, STJ, ALGN, TXN, JAH, YUM May 01 2011 
Align Technologies Takes One in the Teeth Apr 06 2010 
Weekly CEO Sells Highlight: Rockwell Automation Inc. Common, Penske Automotive Group Inc., Align Tec Feb 07 2010 
Align Technology Inc. (ALGN) President and CEO Thomas M Prescott sells 328,596 Shares Feb 03 2010 
Align Technology to Announce Fourth Quarter and Fiscal Year 2008 Results on January 28, 2009 Jan 08 2009 

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Align Technology to Present at Upcoming Financial Conferences Aug 28 2014
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Invisalign(R) Champions Community Outreach Initiatives in Singapore, Regional Headquarters for Align... Jun 25 2014
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