Align Technology is the leading manufacturer of clear aligners. Since it was granted US Food and Drug Administration approval in 1998, the Invisalign brand has dominated the market, providing a diverse set of solutions to patients across the world. The company operates in two segments: clear aligner and systems and services.
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.
Increasing competition in the clear aligner market could erode Invisalign’s market share over the long term.
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Metric
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ALGN
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XRAY
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STMN
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|---|---|---|---|
Price/Earnings (Normalized) | 26.75 | 13.24 | 39.60 |
Price/Book Value | 4.78 | 1.57 | 9.90 |
Price/Sales | 4.64 | 1.32 | 7.55 |
Price/Cash Flow | 21.80 | 10.85 | 31.44 |
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Metric
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ALGN
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XRAY
|
STMN
|
|---|---|---|---|
Quick Ratio | 1.02 | 0.71 | 1.34 |
Current Ratio | 1.23 | 1.43 | 1.95 |
Interest Coverage | — | −0.45 | 19.50 |
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Metric
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ALGN
|
XRAY
|
STMN
|
|---|---|---|---|
Return on Assets (Normalized) | 11.78% | 5.31% | 13.05% |
Return on Equity (Normalized) | 19.68% | 11.38% | 23.67% |
Return on Invested Capital (Normalized) | 18.66% | 8.02% | 18.17% |
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1-Day Chart
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