Align Technology Stock Revenue
| ALGN Stock | USD 311.88 11.06 3.68% |
Align Technology fundamentals help investors to digest information that contributes to Align Technology's financial success or failures. It also enables traders to predict the movement of Align Stock. The fundamental analysis module provides a way to measure Align Technology's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Align Technology stock.
| Last Reported | Projected for Next Year | ||
| Total Revenue | 3.9 B | 4.1 B |
Align | Revenue |
Align Technology Company Revenue Analysis
Align Technology's Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Current Align Technology Revenue | 3.86 B |
Most of Align Technology's fundamental indicators, such as Revenue, 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.
Historical and Projected quarterly revenue of Align
Projected quarterly revenue analysis of Align Technology provides investors and stakeholders with an insight into the company's performance and growth prospects. When actual revenues of Align Technology match or exceed analyst estimates, it positively influences investor confidence and market perception, often leading to a rise in Align Technology's stock price.
Align Revenue 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 Revenue. 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.
| 0.98 | 0.99 | 0.26 | 0.98 | 0.26 | ||
| 0.98 | 1.0 | 0.36 | 1.0 | 0.36 | ||
| 0.99 | 1.0 | 0.34 | 1.0 | 0.34 | ||
| 0.26 | 0.36 | 0.34 | 0.35 | 1.0 | ||
| 0.98 | 1.0 | 1.0 | 0.35 | 0.36 | ||
| 0.26 | 0.36 | 0.34 | 1.0 | 0.36 |
Click cells to compare fundamentals
Align Revenue Historical Pattern
Today, most investors in Align Technology Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Align Technology's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's revenue growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Align Technology revenue as a starting point in their analysis.
Align Technology Revenue |
| Timeline |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
| Competition |
Align Current Deferred Revenue
Current Deferred Revenue |
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Based on the latest financial disclosure, Align Technology reported 3.86 B of revenue. This is 49.36% lower than that of the Health Care Equipment & Supplies sector and 51.41% higher than that of the Health Care industry. The revenue for all United States stocks is 59.06% higher than that of the company.
Align Revenue 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 Revenue 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 revenue category among related companies.
Align Technology Institutional Holders
Institutional Holdings refers to the ownership stake in Align Technology that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Align Technology's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Align Technology's value.| Shares | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.2 M | Bank Of New York Mellon Corp | 2023-12-31 | 1.1 M | Nuveen Asset Management, Llc | 2023-12-31 | 1.1 M | Amvescap Plc. | 2023-12-31 | 863.3 K | Norges Bank | 2023-12-31 | 816.1 K | Goldman Sachs Group Inc | 2023-12-31 | 813 K | Northern Trust Corp | 0021-12-31 | 788.5 K | Millennium Management Llc | 2023-12-31 | 774.1 K | Disciplined Growth Investors Inc | 2023-12-31 | 671.4 K | Vanguard Group Inc | 2023-12-31 | 8.3 M | Blackrock Inc | 2023-12-31 | 7.3 M |
Align Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0682 | ||||
| Profit Margin | 0.12 % | ||||
| Operating Margin | 0.19 % | ||||
| Current Valuation | 21.75 B | ||||
| Shares Outstanding | 75.28 M | ||||
| Shares Owned By Insiders | 6.53 % | ||||
| Shares Owned By Institutions | 87.94 % | ||||
| Number Of Shares Shorted | 1.41 M | ||||
| Price To Earning | 29.97 X | ||||
| Price To Book | 6.53 X | ||||
| Price To Sales | 6.14 X | ||||
| Revenue | 3.86 B | ||||
| Gross Profit | 2.64 B | ||||
| EBITDA | 643.34 M | ||||
| Net Income | 445.05 M | ||||
| Cash And Equivalents | 1.09 B | ||||
| Cash Per Share | 13.96 X | ||||
| Total Debt | 96.97 M | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 1.38 X | ||||
| Book Value Per Share | 48.36 X | ||||
| Cash Flow From Operations | 785.78 M | ||||
| Short Ratio | 2.81 X | ||||
| Earnings Per Share | 5.81 X | ||||
| Price To Earnings To Growth | 1.96 X | ||||
| Target Price | 321.27 | ||||
| Number Of Employees | 21.61 K | ||||
| Beta | 1.64 | ||||
| Market Capitalization | 22.65 B | ||||
| Total Asset | 6.08 B | ||||
| Retained Earnings | 2.45 B | ||||
| Working Capital | 380.01 M | ||||
| Current Asset | 732.01 M | ||||
| Current Liabilities | 271.67 M | ||||
| Net Asset | 6.08 B |
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.
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
| 0.77 | SINT | SINTX Technologies | PairCorr |
| 0.69 | SRDX | SurModics Earnings Call This Week | PairCorr |
| 0.64 | GH | Guardant Health Financial Report 14th of May 2024 | PairCorr |
| 0.63 | CMAX | CareMax Financial Report 8th of May 2024 | PairCorr |
| 0.62 | ICCM | Icecure Medical Financial Report 27th of May 2024 | PairCorr |
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.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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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.
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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 5.81 | 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.