QUIDELORTHO CORP (QDEL) Stock Fundamental Analysis
USA - NASDAQ:QDEL - US2197981051 - Common Stock
21.31 USD
+0.32 (+1.52%)
21.86 USD
+0.55 (+2.58%)
We assign a fundamental rating of 4 out of 10 to QDEL. QDEL was compared to 188 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
QDEL had positive earnings in the past year.
QDEL had a positive operating cash flow in the past year.
In multiple years QDEL reported negative net income over the last 5 years.
In the past 5 years QDEL always reported a positive cash flow from operatings.
1.2 Ratios
QDEL's Return On Assets of -7.31% is fine compared to the rest of the industry. QDEL outperforms 64.89% of its industry peers.
QDEL has a better Return On Equity (-16.68%) than 62.23% of its industry peers.
With a decent Return On Invested Capital value of 1.73%, QDEL is doing good in the industry, outperforming 68.62% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for QDEL is below the industry average of 8.98%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.31% | ||
| ROE | -16.68% | ||
| ROIC | 1.73% |
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 has a better Operating Margin (4.19%) than 69.15% of its industry peers.
QDEL's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 47.29%, QDEL is in line with its industry, outperforming 42.55% of the companies in the same industry.
QDEL's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.19% | ||
| PM (TTM) | N/A | ||
| GM | 47.29% |
OM growth 3Y-68.7%
OM growth 5Y-38.97%
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.
The number of shares outstanding for QDEL has been increased compared to 5 years ago.
QDEL has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.73, we must say that QDEL is in the distress zone and has some risk of bankruptcy.
QDEL has a Altman-Z score (0.73) which is comparable to the rest of the industry.
The Debt to FCF ratio of QDEL is 200.46, which is on the high side as it means it would take QDEL, 200.46 years of fcf income to pay off all of its debts.
QDEL has a Debt to FCF ratio of 200.46. This is in the better half of the industry: QDEL outperforms 65.43% 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's Debt to Equity ratio of 0.74 is on the low side compared to the rest of the industry. QDEL is outperformed by 71.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 200.46 | ||
| Altman-Z | 0.73 |
ROIC/WACC0.25
WACC7%
2.3 Liquidity
QDEL has a Current Ratio of 1.12. This is a normal value and indicates that QDEL is financially healthy and should not expect problems in meeting its short term obligations.
QDEL has a worse Current ratio (1.12) than 86.17% 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 90.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.12 | ||
| Quick Ratio | 0.62 |
3. Growth
3.1 Past
QDEL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.18%.
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 -7.17%.
The Revenue has been growing by 39.07% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-4.18%
EPS 3Y-52.97%
EPS 5Y-9.03%
EPS Q2Q%-5.88%
Revenue 1Y (TTM)-7.17%
Revenue growth 3Y17.89%
Revenue growth 5Y39.07%
Sales Q2Q%-3.74%
3.2 Future
QDEL is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.45% yearly.
QDEL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.95% yearly.
EPS Next Y22.53%
EPS Next 2Y27.57%
EPS Next 3Y28.16%
EPS Next 5Y24.45%
Revenue Next Year-2.61%
Revenue Next 2Y-0.02%
Revenue Next 3Y1.44%
Revenue Next 5Y1.95%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 9.31 indicates a reasonable valuation of QDEL.
Based on the Price/Earnings ratio, QDEL is valued cheaper than 92.55% of the companies in the same industry.
QDEL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.07.
Based on the Price/Forward Earnings ratio of 7.08, the valuation of QDEL can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of QDEL indicates a rather cheap valuation: QDEL is cheaper than 97.34% of the companies listed in the same industry.
QDEL is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.08, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.31 | ||
| Fwd PE | 7.08 |
4.2 Price Multiples
QDEL's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. QDEL is cheaper than 94.68% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, QDEL is valued a bit cheaper than 67.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 111.3 | ||
| EV/EBITDA | 7 |
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 28.16% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.41
PEG (5Y)N/A
EPS Next 2Y27.57%
EPS Next 3Y28.16%
5. Dividend
5.1 Amount
QDEL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
21.31
+0.32 (+1.52%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners117.77%
Inst Owner Change3.71%
Ins Owners0.58%
Ins Owner Change9.06%
Market Cap1.45B
Revenue(TTM)2.78B
Net Income(TTM)-466.00M
Analysts74.29
Price Target40.97 (92.26%)
Short Float %13.51%
Short Ratio6.09
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)-2.82%
PT rev (3m)-18.03%
EPS NQ rev (1m)-0.31%
EPS NQ rev (3m)-35.98%
EPS NY rev (1m)-5.06%
EPS NY rev (3m)-7.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.22%
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)-0.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.31 | ||
| Fwd PE | 7.08 | ||
| P/S | 0.53 | ||
| P/FCF | 111.3 | ||
| P/OCF | 7.2 | ||
| P/B | 0.52 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7 |
EPS(TTM)2.29
EY10.75%
EPS(NY)3.01
Fwd EY14.13%
FCF(TTM)0.19
FCFY0.9%
OCF(TTM)2.96
OCFY13.89%
SpS40.38
BVpS41.13
TBVpS-8.53
PEG (NY)0.41
PEG (5Y)N/A
Graham Number46.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.31% | ||
| ROE | -16.68% | ||
| ROCE | 2.2% | ||
| ROIC | 1.73% | ||
| ROICexc | 1.79% | ||
| ROICexgc | 5.3% | ||
| OM | 4.19% | ||
| 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%
ROICexgc growth 3Y-72.06%
ROICexgc growth 5Y-43.79%
ROICexc growth 3Y-77.07%
ROICexc growth 5Y-42.92%
OM growth 3Y-68.7%
OM growth 5Y-38.97%
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 | 200.46 | ||
| Debt/EBITDA | 3.74 | ||
| Cap/Depr | 42.82% | ||
| Cap/Sales | 6.86% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 36.28% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.12 | ||
| Quick Ratio | 0.62 | ||
| Altman-Z | 0.73 |
F-Score5
WACC7%
ROIC/WACC0.25
Cap/Depr(3y)46.17%
Cap/Depr(5y)161.75%
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)-4.18%
EPS 3Y-52.97%
EPS 5Y-9.03%
EPS Q2Q%-5.88%
EPS Next Y22.53%
EPS Next 2Y27.57%
EPS Next 3Y28.16%
EPS Next 5Y24.45%
Revenue 1Y (TTM)-7.17%
Revenue growth 3Y17.89%
Revenue growth 5Y39.07%
Sales Q2Q%-3.74%
Revenue Next Year-2.61%
Revenue Next 2Y-0.02%
Revenue Next 3Y1.44%
Revenue Next 5Y1.95%
EBIT growth 1Y10.15%
EBIT growth 3Y-63.1%
EBIT growth 5Y-15.12%
EBIT Next Year931.63%
EBIT Next 3Y132.67%
EBIT Next 5Y88.82%
FCF growth 1Y-88.02%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-36.79%
OCF growth 3Y-53.13%
OCF growth 5Y-9.2%
QUIDELORTHO CORP / QDEL FAQ
Can you provide the ChartMill fundamental rating for QUIDELORTHO CORP?
ChartMill assigns a fundamental rating of 4 / 10 to QDEL.
What is the valuation status of QUIDELORTHO CORP (QDEL) stock?
ChartMill assigns a valuation rating of 8 / 10 to QUIDELORTHO CORP (QDEL). This can be considered as Undervalued.
What is the profitability of QDEL stock?
QUIDELORTHO CORP (QDEL) has a profitability rating of 4 / 10.
Can you provide the expected EPS growth for QDEL stock?
The Earnings per Share (EPS) of QUIDELORTHO CORP (QDEL) is expected to grow by 22.53% in the next year.