Align Technology, Inc. (ALGN) vs Repligen Corporation (RGEN)

Align Technology, Inc. and Repligen Corporation are both Medical Instruments & Supplies companies. Repligen Corporation is the larger, with a market value of $11.7B against $10.6B — 1.1× the size. Align Technology, Inc. trades at the lower P/E: 25.6× against 234×. Repligen Corporation grew revenue faster over the last twelve months: 16.5% against 4.41%. Align Technology, Inc. has the higher net margin (9.99% vs 5.29%) and the higher return on invested capital (10.9% vs 2.18%). Across the 22 metrics below, Align Technology, Inc. leads on 16 and Repligen Corporation on 6.

Valuation

Metric ALGN RGEN Medical Instruments & Supplies median
P/E 25.57 233.60 33.75
P/S 2.54 12.59 2.52
P/B 2.49 4.68 2.48
Price to free cash flow 15.59 161.81 25.19
EV/EBITDA 11.76 60.20 14.62
EV/Sales 2.28 12.35 2.88
Earnings yield 3.91% 0.43% (2.67%)
Free cash flow yield 6.41% 0.62% 0.09%

Profitability

Metric ALGN RGEN Medical Instruments & Supplies median
Gross margin 68.05% 53.52% 54.29%
Operating margin 13.23% 8.23% 1.07%
Net margin 9.99% 5.29% (1.61%)
Free cash flow margin 16.32% 14.06% 1.08%
Return on equity 10.16% 1.99% (1.32%)
Return on assets 6.55% 1.42% 0.00%
Return on invested capital 10.93% 2.18% 0.00%

Growth

Metric ALGN RGEN Medical Instruments & Supplies median
Revenue growth (TTM) 4.41% 16.49% 8.85%
EPS growth (last fiscal year) 0.53% 286.96% 8.65%
Revenue growth, 5-year CAGR 10.30% 15.05% 9.17%
Net income growth, 5-year CAGR (25.40%) (3.99%) 0.00%

Health

Metric ALGN RGEN Medical Instruments & Supplies median
Debt to equity 0.00 0.26 0.10
Current ratio 1.40 9.05 2.48
Net debt to EBITDA (1.40) (1.50) 0.89

Dividend

Metric ALGN RGEN Medical Instruments & Supplies median
Dividend yield — — 1.11%
Payout ratio — — 0.27

Size

Metric ALGN RGEN Medical Instruments & Supplies median
Market cap 10.61b 11.69b 619.84m

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