28.95 USD
+0.63 (+2.22%)
29.18 USD
+0.23 (+0.79%)
We assign a fundamental rating of 3 out of 10 to QDEL. QDEL was compared to 184 industry peers in the Health Care Equipment & Supplies industry. Both the profitability and financial health of QDEL have multiple concerns. QDEL is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year QDEL was profitable.
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.
Each year in the past 5 years QDEL had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of -20.78%, QDEL perfoms like the industry average, outperforming 52.41% of the companies in the same industry.
QDEL has a Return On Equity (-57.90%) which is comparable to the rest of the industry.
QDEL has a better Return On Invested Capital (1.74%) than 67.38% 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 8.82%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -20.78% | ||
| ROE | -57.9% | ||
| ROIC | 1.74% |
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
Looking at the Operating Margin, with a value of 3.98%, QDEL is in the better half of the industry, outperforming 67.91% of the companies in the same industry.
In the last couple of years the Operating Margin of QDEL has declined.
Looking at the Gross Margin, with a value of 47.15%, QDEL is in line with its industry, outperforming 41.18% of the companies in the same industry.
QDEL's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.98% | ||
| PM (TTM) | N/A | ||
| GM | 47.15% |
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.
QDEL has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, QDEL has more shares outstanding
Compared to 1 year ago, QDEL has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.78, we must say that QDEL is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.78, QDEL perfoms like the industry average, outperforming 47.06% of the companies in the same industry.
A Debt/Equity ratio of 1.23 is on the high side and indicates that QDEL has dependencies on debt financing.
QDEL has a Debt to Equity ratio of 1.23. This is in the lower half of the industry: QDEL underperforms 78.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.78 |
ROIC/WACC0.25
WACC7.1%
2.3 Liquidity
QDEL has a Current Ratio of 1.78. 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 Current ratio of 1.78. This is in the lower half of the industry: QDEL underperforms 67.91% of its industry peers.
A Quick Ratio of 0.98 indicates that QDEL may have some problems paying its short term obligations.
QDEL's Quick ratio of 0.98 is on the low side compared to the rest of the industry. QDEL is outperformed by 77.01% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.78 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
The earnings per share for QDEL have decreased by -4.18% in the last year.
QDEL shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -9.03% yearly.
Looking at the last year, QDEL shows a decrease in Revenue. The Revenue has decreased by -3.67% in the last year.
QDEL shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 39.07% yearly.
EPS 1Y (TTM)-4.18%
EPS 3Y-52.97%
EPS 5Y-9.03%
EPS Q2Q%-5.88%
Revenue 1Y (TTM)-3.67%
Revenue growth 3Y17.89%
Revenue growth 5Y39.07%
Sales Q2Q%-3.74%
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 21.56% on average per year.
QDEL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.98% yearly.
EPS Next Y17.21%
EPS Next 2Y20.82%
EPS Next 3Y24.03%
EPS Next 5Y21.56%
Revenue Next Year-2.33%
Revenue Next 2Y0.02%
Revenue Next 3Y1.41%
Revenue Next 5Y1.98%
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
Based on the Price/Earnings ratio of 12.64, the valuation of QDEL can be described as correct.
Based on the Price/Earnings ratio, QDEL is valued cheaply inside the industry as 91.44% of the companies are valued more expensively.
QDEL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.39.
With a Price/Forward Earnings ratio of 10.72, the valuation of QDEL can be described as very reasonable.
94.12% of the companies in the same industry are more expensive than QDEL, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.84, QDEL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.64 | ||
| Fwd PE | 10.72 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of QDEL indicates a rather cheap valuation: QDEL is cheaper than 93.58% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.28 |
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 24.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.73
PEG (5Y)N/A
EPS Next 2Y20.82%
EPS Next 3Y24.03%
5. Dividend
5.1 Amount
No dividends for QDEL!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
28.95
+0.63 (+2.22%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners122.65%
Inst Owner Change3.71%
Ins Owners0.61%
Ins Owner Change1.18%
Market Cap1.97B
Revenue(TTM)2.71B
Net Income(TTM)-1.18B
Analysts74.29
Price Target37.59 (29.84%)
Short Float %17.19%
Short Ratio8.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)381.21%
Min EPS beat(2)70.71%
Max EPS beat(2)691.7%
EPS beat(4)4
Avg EPS beat(4)197.7%
Min EPS beat(4)4.59%
Max EPS beat(4)691.7%
EPS beat(8)7
Avg EPS beat(8)123.74%
EPS beat(12)10
Avg EPS beat(12)89.01%
EPS beat(16)13
Avg EPS beat(16)77.39%
Revenue beat(2)1
Avg Revenue beat(2)0.83%
Min Revenue beat(2)-1.53%
Max Revenue beat(2)3.19%
Revenue beat(4)1
Avg Revenue beat(4)-0.15%
Min Revenue beat(4)-1.53%
Max Revenue beat(4)3.19%
Revenue beat(8)4
Avg Revenue beat(8)0.51%
Revenue beat(12)8
Avg Revenue beat(12)2.03%
Revenue beat(16)11
Avg Revenue beat(16)2.72%
PT rev (1m)-8.24%
PT rev (3m)-16.23%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-46.16%
EPS NY rev (1m)2.12%
EPS NY rev (3m)-10.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.79%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.64 | ||
| Fwd PE | 10.72 | ||
| P/S | 0.72 | ||
| P/FCF | N/A | ||
| P/OCF | 52.72 | ||
| P/B | 0.97 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.28 |
EPS(TTM)2.29
EY7.91%
EPS(NY)2.7
Fwd EY9.33%
FCF(TTM)-2.25
FCFYN/A
OCF(TTM)0.55
OCFY1.9%
SpS39.96
BVpS29.98
TBVpS-8.41
PEG (NY)0.73
PEG (5Y)N/A
Graham Number39.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -20.78% | ||
| ROE | -57.9% | ||
| ROCE | 2.2% | ||
| ROIC | 1.74% | ||
| ROICexc | 1.78% | ||
| ROICexgc | 3.88% | ||
| OM | 3.98% | ||
| PM (TTM) | N/A | ||
| GM | 47.15% | ||
| FCFM | N/A |
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 Turnover0.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.57 | ||
| Cap/Depr | 43.31% | ||
| Cap/Sales | 7% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 6.82% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.78 | ||
| Quick Ratio | 0.98 | ||
| Altman-Z | 0.78 |
F-Score5
WACC7.1%
ROIC/WACC0.25
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)-4.18%
EPS 3Y-52.97%
EPS 5Y-9.03%
EPS Q2Q%-5.88%
EPS Next Y17.21%
EPS Next 2Y20.82%
EPS Next 3Y24.03%
EPS Next 5Y21.56%
Revenue 1Y (TTM)-3.67%
Revenue growth 3Y17.89%
Revenue growth 5Y39.07%
Sales Q2Q%-3.74%
Revenue Next Year-2.33%
Revenue Next 2Y0.02%
Revenue Next 3Y1.41%
Revenue Next 5Y1.98%
EBIT growth 1Y4.34%
EBIT growth 3Y-63.16%
EBIT growth 5Y-15.19%
EBIT Next Year938.78%
EBIT Next 3Y132.63%
EBIT Next 5Y90.11%
FCF growth 1Y-203.95%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-89.9%
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 3 / 10 to QDEL.
What is the valuation status of QUIDELORTHO CORP (QDEL) stock?
ChartMill assigns a valuation rating of 6 / 10 to QUIDELORTHO CORP (QDEL). This can be considered as Fairly Valued.
What is the profitability of QDEL stock?
QUIDELORTHO CORP (QDEL) has a profitability rating of 3 / 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 17.21% in the next year.