QUIDELORTHO CORP (QDEL) Stock Fundamental Analysis
USA - NASDAQ:QDEL - US2197981051 - Common Stock
29.8 USD
0 (0%)
29.8 USD
0 (0%)
QDEL gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 190 industry peers in the Health Care Equipment & Supplies industry. QDEL has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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.
The reported net income has been mixed in the past 5 years: QDEL reported negative net income in multiple 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 64.74% of its industry peers.
QDEL's Return On Equity of -16.70% is fine compared to the rest of the industry. QDEL outperforms 61.05% of its industry peers.
QDEL has a Return On Invested Capital of 1.72%. This is in the better half of the industry: QDEL outperforms 68.42% of its industry peers.
The Average Return On Invested Capital over the past 3 years for QDEL is below the industry average of 8.88%.
| 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 has a better Operating Margin (4.15%) than 68.95% of its industry peers.
In the last couple of years the Operating Margin of QDEL has declined.
QDEL has a Gross Margin (47.29%) which 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), QDEL is destroying value.
Compared to 1 year ago, QDEL has more shares outstanding
QDEL has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, QDEL has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.82, we must say that QDEL is in the distress zone and has some risk of bankruptcy.
QDEL has a Altman-Z score (0.82) which is comparable to the rest of the 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.
QDEL has a Debt to FCF ratio of 200.49. This is in the better half of the industry: QDEL outperforms 66.32% of its industry peers.
A Debt/Equity ratio of 0.74 indicates that 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 71.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 200.49 | ||
| Altman-Z | 0.82 |
ROIC/WACC0.24
WACC7.19%
2.3 Liquidity
A Current Ratio of 1.12 indicates that QDEL should not have too much problems paying its short term obligations.
With a Current ratio value of 1.12, QDEL is not doing good in the industry: 85.26% of the companies in the same industry are doing better.
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's Quick ratio of 0.62 is on the low side compared to the rest of the industry. QDEL is outperformed by 90.00% 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.
Measured over the past years, QDEL shows a decrease in Earnings Per Share. The EPS has been decreasing by -9.03% on average per year.
Looking at the last year, QDEL shows a decrease in Revenue. The Revenue has decreased by -3.28% in the last year.
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
Based on estimates for the next years, QDEL will show a very strong growth in Earnings Per Share. The EPS will grow by 24.45% on average per year.
QDEL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.95% yearly.
EPS Next Y29.05%
EPS Next 2Y32.86%
EPS Next 3Y31.48%
EPS Next 5Y24.45%
Revenue Next Year-2.47%
Revenue Next 2Y0.19%
Revenue Next 3Y1.73%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 12.74 indicates a correct valuation of QDEL.
90.53% of the companies in the same industry are more expensive than QDEL, based on the Price/Earnings ratio.
QDEL is valuated cheaply when we compare the Price/Earnings ratio to 27.67, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 9.13, the valuation of QDEL can be described as very reasonable.
Based on the Price/Forward Earnings ratio, QDEL is valued cheaper than 95.79% of the companies in the same industry.
QDEL is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.33, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.74 | ||
| Fwd PE | 9.13 |
4.2 Price Multiples
93.68% of the companies in the same industry are more expensive than QDEL, based on the Enterprise Value to EBITDA ratio.
68.95% of the companies in the same industry are more expensive than QDEL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 155.65 | ||
| EV/EBITDA | 8.09 |
4.3 Compensation for Growth
QDEL's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as QDEL's earnings are expected to grow with 31.48% in the coming years.
PEG (NY)0.44
PEG (5Y)N/A
EPS Next 2Y32.86%
EPS Next 3Y31.48%
5. Dividend
5.1 Amount
No dividends for QDEL!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
29.8
0 (0%)
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 Change-0.83%
Ins Owners0.58%
Ins Owner Change2.56%
Market Cap2.02B
Revenue(TTM)2.74B
Net Income(TTM)-466400000
Analysts77.14
Price Target42.16 (41.48%)
Short Float %12.2%
Short Ratio5.99
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)-6.06%
PT rev (3m)-17.8%
EPS NQ rev (1m)-7.91%
EPS NQ rev (3m)-36%
EPS NY rev (1m)-1.73%
EPS NY rev (3m)-2.68%
Revenue NQ rev (1m)0.19%
Revenue NQ rev (3m)-4.24%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)-0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.74 | ||
| Fwd PE | 9.13 | ||
| P/S | 0.74 | ||
| P/FCF | 155.65 | ||
| P/OCF | 10.1 | ||
| P/B | 0.72 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.09 |
EPS(TTM)2.34
EY7.85%
EPS(NY)3.27
Fwd EY10.96%
FCF(TTM)0.19
FCFY0.64%
OCF(TTM)2.95
OCFY9.9%
SpS40.38
BVpS41.13
TBVpS-8.53
PEG (NY)0.44
PEG (5Y)N/A
Graham Number46.53
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%
ROICexgc growth 3Y-72.1%
ROICexgc 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 | 0.82 |
F-Score5
WACC7.19%
ROIC/WACC0.24
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 Y29.05%
EPS Next 2Y32.86%
EPS Next 3Y31.48%
EPS Next 5Y24.45%
Revenue 1Y (TTM)-3.28%
Revenue growth 3Y17.89%
Revenue growth 5Y39.07%
Sales Q2Q%-3.63%
Revenue Next Year-2.47%
Revenue Next 2Y0.19%
Revenue Next 3Y1.73%
Revenue Next 5Y1.95%
EBIT growth 1Y8.79%
EBIT growth 3Y-63.16%
EBIT growth 5Y-15.19%
EBIT Next Year937.44%
EBIT Next 3Y134.39%
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%