28.09 USD
-2.47 (-8.08%)
28.3 USD
+0.21 (+0.75%)
QDEL gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 186 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
- QDEL had positive earnings in the past year.
- QDEL had a positive operating cash flow in the past year.
- The reported net income has been mixed in the past 5 years: QDEL reported negative net income in multiple years.
- In the past 5 years QDEL always reported a positive cash flow from operatings.
1.2 Ratios
- QDEL has a Return On Assets of -20.78%. This is comparable to the rest of the industry: QDEL outperforms 52.69% of its industry peers.
- Looking at the Return On Equity, with a value of -57.90%, QDEL is in line with its industry, outperforming 47.85% of the companies in the same industry.
- With a decent Return On Invested Capital value of 1.74%, QDEL is doing good in the industry, outperforming 67.74% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for QDEL is below the industry average of 8.84%.
| 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
- The Operating Margin of QDEL (3.98%) is better than 68.28% of its industry peers.
- In the last couple of years the Operating Margin of QDEL has declined.
- With a Gross Margin value of 47.15%, QDEL perfoms like the industry average, outperforming 41.40% of the companies in the same industry.
- In the last couple of years the Gross Margin of QDEL has declined.
| 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
- 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
- The number of shares outstanding for QDEL has been increased compared to 5 years ago.
- The debt/assets ratio for QDEL is higher compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 0.80, we must say that QDEL is in the distress zone and has some risk of bankruptcy.
- QDEL has a Altman-Z score (0.80) which is comparable to the rest of the industry.
- QDEL has a Debt/Equity ratio of 1.23. This is a high value indicating a heavy dependency on external financing.
- QDEL has a Debt to Equity ratio of 1.23. This is in the lower half of the industry: QDEL underperforms 77.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.8 |
ROIC/WACC0.17
WACC10.16%
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.
- With a Current ratio value of 1.78, QDEL is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
- QDEL has a Quick Ratio of 1.78. 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 Quick ratio of 0.98. This is in the lower half of the industry: QDEL underperforms 75.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.78 | ||
| Quick Ratio | 0.98 |
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 -3.67%.
- 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.
- The Revenue is expected to grow by 1.98% on average over the next years.
EPS Next Y14.78%
EPS Next 2Y18.22%
EPS Next 3Y21.95%
EPS Next 5Y21.56%
Revenue Next Year-2.44%
Revenue Next 2Y-0.11%
Revenue Next 3Y1.27%
Revenue Next 5Y1.98%
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.
- 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
- The Price/Earnings ratio is 12.27, which indicates a correct valuation of QDEL.
- Compared to the rest of the industry, the Price/Earnings ratio of QDEL indicates a rather cheap valuation: QDEL is cheaper than 91.40% of the companies listed in the same industry.
- QDEL is valuated cheaply when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 10.86, the valuation of QDEL can be described as reasonable.
- 94.09% of the companies in the same industry are more expensive than QDEL, based on the Price/Forward Earnings ratio.
- QDEL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.27 | ||
| Fwd PE | 10.86 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, QDEL is valued cheaply inside the industry as 94.62% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.48 |
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 21.95% in the coming years.
PEG (NY)0.83
PEG (5Y)N/A
EPS Next 2Y18.22%
EPS Next 3Y21.95%
5. Dividend
5.1 Amount
- QDEL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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 for 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.
What are the PE and PB ratios of QUIDELORTHO CORP (QDEL) stock?
The Price/Earnings (PE) ratio for QUIDELORTHO CORP (QDEL) is 12.27 and the Price/Book (PB) ratio is 0.94.
Can you provide the expected EPS growth for QDEL stock?
The Earnings per Share (EPS) of QUIDELORTHO CORP (QDEL) is expected to grow by 14.78% in the next year.