Align Technology, Inc. (ALGN) vs Stevanato Group S.p.A. (STVN)

Align Technology, Inc. and Stevanato Group S.p.A. are both Medical Instruments & Supplies companies. Align Technology, Inc. is the larger, with a market value of $10.4B against $5.8B — 1.8× the size. Align Technology, Inc. trades at the lower P/E: 25.5× against 37.7×. Stevanato Group S.p.A. grew revenue faster over the last twelve months: 14.3% against 4.41%. Stevanato Group S.p.A. has the higher net margin (11.0% vs 9.99%) and the lower return on invested capital (6.56% vs 10.9%). Across the 21 metrics below, Align Technology, Inc. leads on 14 and Stevanato Group S.p.A. on 7.

Valuation

Metric ALGN STVN Medical Instruments & Supplies median
P/E 25.48 37.73 34.17
P/S 2.54 4.05 2.83
P/B 2.48 3.20 2.82
Price to free cash flow 15.53 n/m 25.69
EV/EBITDA 11.71 18.11 16.08
EV/Sales 2.27 4.34 3.06
Earnings yield 3.92% 2.65% (1.84%)
Free cash flow yield 6.44% (0.60%) 0.17%

Profitability

Metric ALGN STVN Medical Instruments & Supplies median
Gross margin 68.05% 29.13% 54.62%
Operating margin 13.23% 16.29% 1.64%
Net margin 9.99% 10.95% 0.00%
Free cash flow margin 16.32% (2.43%) 1.61%
Return on equity 10.16% 9.21% 0.00%
Return on assets 6.55% 5.46% 0.00%
Return on invested capital 10.93% 6.56% 0.00%

Growth

Metric ALGN STVN Medical Instruments & Supplies median
Revenue growth (TTM) 4.41% 14.28% 9.20%
EPS growth (last fiscal year) 0.53% 23.40% —
Revenue growth, 5-year CAGR 10.30% 12.16% 9.48%
Net income growth, 5-year CAGR (25.40%) 12.02% 0.00%

Health

Metric ALGN STVN Medical Instruments & Supplies median
Debt to equity 0.00 0.29 0.08
Current ratio 1.40 1.61 2.49
Net debt to EBITDA (1.40) 1.15 0.83

Dividend

Metric ALGN STVN Medical Instruments & Supplies median
Dividend yield — 0.07% 0.99%
Payout ratio 0.00 0.10 0.00

Size

Metric ALGN STVN Medical Instruments & Supplies median
Market cap 10.35b 5.84b 938.39m

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