QUIDELORTHO CORP (QDEL) Stock Fundamental Analysis
USA - NASDAQ:QDEL - US2197981051 - Common Stock
29.53 USD
+0.61 (+2.11%)
29.53 USD
0 (0%)
Taking everything into account, QDEL scores 4 out of 10 in our fundamental rating. QDEL was compared to 191 industry peers in the Health Care Equipment & Supplies industry. While QDEL is still in line with the averages on profitability rating, there are concerns on its financial health. QDEL may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
QDEL had positive earnings in the past year.
In the past year QDEL had a positive cash flow from operations.
In multiple years QDEL reported negative net income over the last 5 years.
QDEL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of QDEL (-7.31%) is better than 65.44% of its industry peers.
QDEL has a Return On Equity of -16.70%. This is in the better half of the industry: QDEL outperforms 62.30% of its industry peers.
The Return On Invested Capital of QDEL (1.72%) is better than 69.11% of its industry peers.
QDEL had an Average Return On Invested Capital over the past 3 years of 4.37%. This is below the industry average of 8.46%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.31% | ||
| ROE | -16.7% | ||
| ROIC | 1.72% |
ROA(3y)-8.62%
ROA(5y)9.28%
ROE(3y)-19.28%
ROE(5y)7.89%
ROIC(3y)4.37%
ROIC(5y)20.45%
1.3 Margins
QDEL's Operating Margin of 4.15% is fine compared to the rest of the industry. QDEL outperforms 68.59% of its industry peers.
In the last couple of years the Operating Margin of QDEL has declined.
The Gross Margin of QDEL (47.29%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of QDEL has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.15% | ||
| PM (TTM) | N/A | ||
| GM | 47.29% |
OM growth 3Y-68.75%
OM growth 5Y-39.02%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.83%
GM growth 5Y-5.07%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so QDEL is destroying value.
The number of shares outstanding for QDEL has been increased compared to 1 year ago.
QDEL has more shares outstanding than it did 5 years ago.
The debt/assets ratio for QDEL is higher compared to a year ago.
2.2 Solvency
QDEL has an Altman-Z score of 0.81. This is a bad value and indicates that QDEL is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.81, QDEL perfoms like the industry average, outperforming 50.79% of the companies in the same industry.
The Debt to FCF ratio of QDEL is 200.49, which is on the high side as it means it would take QDEL, 200.49 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of QDEL (200.49) is better than 65.44% of its industry peers.
QDEL has a Debt/Equity ratio of 0.74. This is a neutral value indicating QDEL is somewhat dependend on debt financing.
QDEL has a Debt to Equity ratio of 0.74. This is in the lower half of the industry: QDEL underperforms 72.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 200.49 | ||
| Altman-Z | 0.81 |
ROIC/WACC0.23
WACC7.43%
2.3 Liquidity
A Current Ratio of 1.12 indicates that QDEL should not have too much problems paying its short term obligations.
QDEL has a Current ratio of 1.12. This is amonst the worse of the industry: QDEL underperforms 84.82% of its industry peers.
QDEL has a Quick Ratio of 1.12. This is a bad value and indicates that QDEL is not financially healthy enough and could expect problems in meeting its short term obligations.
QDEL has a worse Quick ratio (0.62) than 90.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.12 | ||
| Quick Ratio | 0.62 |
3. Growth
3.1 Past
The earnings per share for QDEL have decreased by -4.10% in the last year.
The Earnings Per Share has been decreasing by -9.03% on average over the past years.
QDEL shows a decrease in Revenue. In the last year, the revenue decreased by -3.28%.
Measured over the past years, QDEL shows a very strong growth in Revenue. The Revenue has been growing by 39.07% on average per year.
EPS 1Y (TTM)-4.1%
EPS 3Y-52.97%
EPS 5Y-9.03%
EPS Q2Q%271.43%
Revenue 1Y (TTM)-3.28%
Revenue growth 3Y17.89%
Revenue growth 5Y39.07%
Sales Q2Q%-3.63%
3.2 Future
The Earnings Per Share is expected to grow by 24.45% on average over the next years. This is a very strong growth
QDEL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.95% yearly.
EPS Next Y31.32%
EPS Next 2Y33.68%
EPS Next 3Y32.36%
EPS Next 5Y24.45%
Revenue Next Year-2.4%
Revenue Next 2Y0.28%
Revenue Next 3Y1.82%
Revenue Next 5Y1.95%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 12.62 indicates a correct valuation of QDEL.
QDEL's Price/Earnings ratio is rather cheap when compared to the industry. QDEL is cheaper than 90.05% of the companies in the same industry.
QDEL is valuated cheaply when we compare the Price/Earnings ratio to 27.27, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 8.93, which indicates a very decent valuation of QDEL.
QDEL's Price/Forward Earnings ratio is rather cheap when compared to the industry. QDEL is cheaper than 94.76% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.77. QDEL is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.62 | ||
| Fwd PE | 8.93 |
4.2 Price Multiples
QDEL's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. QDEL is cheaper than 95.29% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, QDEL is valued a bit cheaper than 69.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 154.24 | ||
| EV/EBITDA | 7.98 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
QDEL's earnings are expected to grow with 32.36% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y33.68%
EPS Next 3Y32.36%
5. Dividend
5.1 Amount
QDEL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
29.53
+0.61 (+2.11%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners114.52%
Inst Owner Change5.72%
Ins Owners0.58%
Ins Owner Change2.36%
Market Cap2.01B
Analysts77.33
Price Target44.88 (51.98%)
Short Float %11.43%
Short Ratio5.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)357.74%
Min EPS beat(2)23.78%
Max EPS beat(2)691.7%
EPS beat(4)4
Avg EPS beat(4)220.56%
Min EPS beat(4)4.59%
Max EPS beat(4)691.7%
EPS beat(8)7
Avg EPS beat(8)120.88%
EPS beat(12)10
Avg EPS beat(12)95.2%
EPS beat(16)13
Avg EPS beat(16)76.04%
Revenue beat(2)0
Avg Revenue beat(2)-1.52%
Min Revenue beat(2)-1.53%
Max Revenue beat(2)-1.51%
Revenue beat(4)1
Avg Revenue beat(4)1.81%
Min Revenue beat(4)-1.53%
Max Revenue beat(4)11.02%
Revenue beat(8)4
Avg Revenue beat(8)0.22%
Revenue beat(12)8
Avg Revenue beat(12)2.33%
Revenue beat(16)11
Avg Revenue beat(16)4.56%
PT rev (1m)-10.2%
PT rev (3m)-12.5%
EPS NQ rev (1m)-20.46%
EPS NQ rev (3m)-30.51%
EPS NY rev (1m)-0.97%
EPS NY rev (3m)0.2%
Revenue NQ rev (1m)-2.28%
Revenue NQ rev (3m)-3.97%
Revenue NY rev (1m)-0.32%
Revenue NY rev (3m)-0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.62 | ||
| Fwd PE | 8.93 | ||
| P/S | 0.73 | ||
| P/FCF | 154.24 | ||
| P/OCF | 10.01 | ||
| P/B | 0.72 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.98 |
EPS(TTM)2.34
EY7.92%
EPS(NY)3.31
Fwd EY11.19%
FCF(TTM)0.19
FCFY0.65%
OCF(TTM)2.95
OCFY9.99%
SpS40.38
BVpS41.13
TBVpS-8.53
PEG (NY)0.4
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.31% | ||
| ROE | -16.7% | ||
| ROCE | 2.17% | ||
| ROIC | 1.72% | ||
| ROICexc | 1.77% | ||
| ROICexgc | 5.25% | ||
| OM | 4.15% | ||
| PM (TTM) | N/A | ||
| GM | 47.29% | ||
| FCFM | 0.47% |
ROA(3y)-8.62%
ROA(5y)9.28%
ROE(3y)-19.28%
ROE(5y)7.89%
ROIC(3y)4.37%
ROIC(5y)20.45%
ROICexc(3y)4.54%
ROICexc(5y)30.14%
ROICexgc(3y)17.29%
ROICexgc(5y)56.29%
ROCE(3y)5.53%
ROCE(5y)25.88%
ROICexcg growth 3Y-72.1%
ROICexcg growth 5Y-43.85%
ROICexc growth 3Y-77.1%
ROICexc growth 5Y-42.97%
OM growth 3Y-68.75%
OM growth 5Y-39.02%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.83%
GM growth 5Y-5.07%
F-Score5
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 200.49 | ||
| Debt/EBITDA | 3.74 | ||
| Cap/Depr | 42.61% | ||
| Cap/Sales | 6.84% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 36.19% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.12 | ||
| Quick Ratio | 0.62 | ||
| Altman-Z | 0.81 |
F-Score5
WACC7.43%
ROIC/WACC0.23
Cap/Depr(3y)46.16%
Cap/Depr(5y)161.74%
Cap/Sales(3y)6.1%
Cap/Sales(5y)7.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.1%
EPS 3Y-52.97%
EPS 5Y-9.03%
EPS Q2Q%271.43%
EPS Next Y31.32%
EPS Next 2Y33.68%
EPS Next 3Y32.36%
EPS Next 5Y24.45%
Revenue 1Y (TTM)-3.28%
Revenue growth 3Y17.89%
Revenue growth 5Y39.07%
Sales Q2Q%-3.63%
Revenue Next Year-2.4%
Revenue Next 2Y0.28%
Revenue Next 3Y1.82%
Revenue Next 5Y1.95%
EBIT growth 1Y8.79%
EBIT growth 3Y-63.16%
EBIT growth 5Y-15.19%
EBIT Next Year933.51%
EBIT Next 3Y133.77%
EBIT Next 5Y88.82%
FCF growth 1Y-88.02%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-36.98%
OCF growth 3Y-53.13%
OCF growth 5Y-9.2%