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- Income Statement
- Statement of Comprehensive Income
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Net Profit Margin since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
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Current Enterprise Value (EV)
Current share price (P) | |
No. shares of common stock outstanding | |
US$ in thousands | |
Common equity (market value)1 | |
Add: Preferred stock, $0.0001 par value; none issued (per books) | |
Total equity | |
Add: Total debt (book value) | |
Total equity and debt | |
Less: Cash and cash equivalents | |
Less: Marketable securities, short-term | |
Enterprise value (EV) |
Based on: 10-K (reporting date: 2022-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Align Technology Inc. Annual Report.
3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
The data reflects the annual financial metrics for a company over a five-year period from 2018 to 2022, focusing on common equity (market value), total equity, total equity and debt, and enterprise value (EV), all measured in thousands of US dollars.
- Common equity (market value), Total equity, and Total equity and debt
- These three metrics are identical across all periods, indicating no reported debt separate from equity. From 2018 to 2019, there was a decline in common equity, total equity, and total equity and debt, dropping from approximately 20.7 billion to 17.2 billion US dollars, representing a significant reduction.
- However, in 2020, these values experienced a substantial increase to roughly 44.9 billion US dollars, more than doubling compared to the previous year. This peak was followed by a decrease in 2021 to around 40.4 billion US dollars, indicating a modest contraction.
- By 2022, these equity values further declined sharply to about 23.3 billion US dollars. Overall, the trend suggests a high degree of volatility within the equity position, with a pronounced spike in 2020 and a substantial reduction in the two subsequent years.
- Enterprise value (EV)
- Enterprise value mirrors the trend observed in equity metrics due to the identical numerical values between total equity and debt and common equity. Starting at roughly 20.0 billion US dollars in 2018, EV declined to about 16.3 billion in 2019.
- In 2020, EV rose sharply to approximately 43.9 billion US dollars, closely following the equity surge. It then decreased in 2021 to around 39.2 billion and further dropped in 2022 to approximately 22.3 billion US dollars.
- This pattern highlights a consistent relationship between enterprise value and equity, with marked volatility and significant growth followed by a steep decline in recent years.
In summary, the financial data reveals cyclical fluctuations with a notable peak in equity and enterprise value occurring in 2020, followed by a downward trajectory through 2021 and 2022, returning closer to the lower levels observed at the beginning of the period. The absence of reported debt separate from equity suggests the company may be either fully equity-financed or that debt figures are not disclosed in this dataset. The large fluctuations warrant further investigation into underlying causes such as market conditions, operational performance, or changes in company valuation during this timeframe.