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Is this Large Market Cap Stock target price reasonable for Align Technology Inc. (NASDAQ:ALGN)?

The company in question is, Align Technology Inc. (NASDAQ:ALGN) currently with a stock price of 90.87 (-0.09% today). The market cap for Align Technology Inc. is 7260.54, and is in the sector Healthcare, and Medical Appliances & Equipment industry. The target price for Align Technology Inc. is 99.58. Currently Align Technology Inc. is trading with a P/E of 44.21, and a forward P/E of 31.63. Average volume for Align Technology Inc. is 731.86 and so far today it is 319629.

Performance in the last year for Align Technology Inc. has been 60.97%. For EPS growth, Align Technology Inc. has seen a growth of -0.30%, and is looking to grow in the next year to 26.26%. More long term stats show that EPS growth has been 13.20% over the last five years and could be 22.85% for the next five years. Align Technology Inc. has seen sales growth quarter over quarter at 28.60%, with EPS growth quarter over quarter at 60.20%. The 20-day simple moving average is -2.37%, with the 200-day simple moving average coming to 16.36%.

Since the IPO date for Align Technology Inc. on the 1/30/2001, Align Technology Inc. has seen performance year to date to be 38.12%. With Align Technology Inc. trading at 90.87, the dividend yield is *TBA, and the EPS is 2.06.

So could Align Technology Inc., be undervalued? Well as said before P/E is 44.21. The PEG is 1.94, P/S is 7.67 and the P/B is at 7.99. The P/cash is 12.7, with P/free cash flow at 40.34.

Align Technology Inc. ability to deal with debt shows that the current ratio is 2.8, and the quick ratio is 2.7. This is with long term debt/equity at 0, and total debt/equity at 0.

In terms of margins, Align Technology Inc. has a gross margin of 75.70%, an operating margin of 22.80% and a profit margin of 17.70%.Payout ratio for Align Technology Inc. is 0.00%. Return on assets come to 14.20% with return on investment coming to 17.30%.

Insider ownership for Align Technology Inc., is at 0.50% and institutional ownership comes to 89.70%. Outstanding shares are at 79.83. While shares float is 71.84. The float short is currently 3.86%, and short ratio is 3.78.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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