Should you buy Align Technology stock? (September 2023)

Align Technology stock analysis. Ticker: ALGN Join 10,000 investors: https://www.overlookedalpha.com This company makes products for the treatment of misaligned teeth and it makes 3.7 billion of revenue a year. Align Technology ticker symbol ALGN, was founded in 1997, its famous for its Invisalign system and today, the company has a market cap of 26.1 billion dollar. It’s got 1 billion of cash and investments and no debt which means the enterprise value is 25.1 billion. Net income over the last 12 months was 314 million with 843 million of adjusted ebitda and 612 million of free cash flow. So Align stock is valued at just under 7 times revenue, 30 times ebitda or 83 times earnings. Although Align stock is up 59% year to date, shares are actually down more than 50% from their 2021 peak. And the best way to explain the decline is to look at revenue growth rates: As you can see from the table, revenue growth has slowed down in recent years, it fell 6% in 2022 and its forecast to increase only 7% this year. #stocks #investing #stockstowatch