` Comparison: PNV, ALGN - Alpha Spread

PNV
vs
ALGN

Over the past 12 months, PNV has underperformed ALGN, delivering a return of -41% compared to the ALGN's 30% drop.

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PNV
ALGN
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Valuation Comparison

PNV Intrinsic Value
0.96 AUD
Overvaluation 22%
Intrinsic Value
Price
ALGN Intrinsic Value
204.66 USD
Undervaluation 20%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Polynovo Ltd
ASX:PNV
1.24 AUD
Align Technology Inc
NASDAQ:ALGN
164.58 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
PNV, ALGN

PNV
ALGN
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Polynovo Ltd
Revenue
Align Technology Inc
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
PNV, ALGN

PNV
ALGN
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Polynovo Ltd
ASX:PNV
Align Technology Inc
NASDAQ:ALGN
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What is Free Cash Flow?

Gross Margin

PNV
95.9%
ALGN
69.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Polynovo Ltd
Align Technology Inc

Operating Margin

PNV
3.9%
ALGN
16.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Polynovo Ltd
Align Technology Inc

Net Margin

PNV
10.4%
ALGN
9.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Polynovo Ltd
Align Technology Inc

FCF Margin

PNV
-8.4%
ALGN
14.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Polynovo Ltd
Align Technology Inc

ROE

PNV
17%
ALGN
9.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Polynovo Ltd
Align Technology Inc

ROA

PNV
11.2%
ALGN
6%
LTM 3Y Avg 5Y Avg 10Y Avg
Polynovo Ltd
Align Technology Inc

ROIC

PNV
12.2%
ALGN
8%
LTM 3Y Avg 5Y Avg 10Y Avg
Polynovo Ltd
Align Technology Inc

ROCE

PNV
5.4%
ALGN
15.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Polynovo Ltd
Align Technology Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
PNV, ALGN

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Performance Gap
PNV, ALGN

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PNV
ALGN
Difference
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Performance By Year
PNV, ALGN

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PNV
ALGN
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