QUIDELORTHO CORP (QDEL) Stock Fundamental Analysis
USA - NASDAQ:QDEL - US2197981051 - Common Stock
21.34 USD
-0.84 (-3.79%)
21.22 USD
-0.12 (-0.56%)
We assign a fundamental rating of 4 out of 10 to QDEL. QDEL was compared to 189 industry peers in the Health Care Equipment & Supplies industry. There are concerns on the financial health of QDEL while its profitability can be described as average. QDEL is valued quite cheap, while showing a decent growth score. This is a good combination!
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
With a decent Return On Assets value of -7.31%, QDEL is doing good in the industry, outperforming 64.02% of the companies in the same industry.
QDEL's Return On Equity of -16.68% is fine compared to the rest of the industry. QDEL outperforms 61.38% of its industry peers.
With a decent Return On Invested Capital value of 1.73%, QDEL is doing good in the industry, outperforming 68.78% 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 8.99%.
| 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
Looking at the Operating Margin, with a value of 4.19%, QDEL is in the better half of the industry, outperforming 69.31% of the companies in the same industry.
In the last couple of years the Operating Margin of QDEL has declined.
With a Gross Margin value of 47.29%, QDEL perfoms like the industry average, outperforming 42.33% 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 | 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
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 0.74, we must say that QDEL is in the distress zone and has some risk of bankruptcy.
QDEL's Altman-Z score of 0.74 is in line compared to the rest of the industry. QDEL outperforms 50.26% of its industry peers.
QDEL has a debt to FCF ratio of 200.46. This is a negative value and a sign of low solvency as QDEL would need 200.46 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 200.46, QDEL is doing good in the industry, outperforming 65.61% of the companies in the same industry.
QDEL has a Debt/Equity ratio of 0.74. This is a neutral value indicating QDEL is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.74, QDEL is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 200.46 | ||
| Altman-Z | 0.74 |
ROIC/WACC0.25
WACC6.86%
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's Current ratio of 1.12 is on the low side compared to the rest of the industry. QDEL is outperformed by 85.71% of its industry peers.
A Quick Ratio of 0.62 indicates that QDEL may have some problems paying its short term obligations.
QDEL has a Quick ratio of 0.62. This is amonst the worse of the industry: QDEL underperforms 89.95% 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
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.
Based on estimates for the next years, QDEL will show a small growth in Revenue. The Revenue will grow by 1.95% on average per year.
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
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
QDEL is valuated reasonably with a Price/Earnings ratio of 9.32.
91.53% of the companies in the same industry are more expensive than QDEL, based on the Price/Earnings ratio.
QDEL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.89.
QDEL is valuated cheaply with a Price/Forward Earnings ratio of 7.09.
97.35% 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 34.59, QDEL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.32 | ||
| Fwd PE | 7.09 |
4.2 Price Multiples
QDEL's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. QDEL is cheaper than 94.71% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, QDEL is valued a bit cheaper than the industry average as 68.25% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 111.46 | ||
| EV/EBITDA | 7.15 |
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.
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 |
21.34
-0.84 (-3.79%)
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-1.65%
Ins Owners0.58%
Ins Owner Change2.48%
Market Cap1.45B
Revenue(TTM)2.78B
Net Income(TTM)-466.00M
Analysts74.29
Price Target40.97 (91.99%)
Short Float %12.57%
Short Ratio6.84
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)-7.5%
EPS NQ rev (3m)-35.98%
EPS NY rev (1m)-4.15%
EPS NY rev (3m)-6.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.22%
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)-0.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.32 | ||
| Fwd PE | 7.09 | ||
| P/S | 0.53 | ||
| P/FCF | 111.46 | ||
| P/OCF | 7.21 | ||
| P/B | 0.52 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.15 |
EPS(TTM)2.29
EY10.73%
EPS(NY)3.01
Fwd EY14.11%
FCF(TTM)0.19
FCFY0.9%
OCF(TTM)2.96
OCFY13.87%
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 | 0.74 |
F-Score5
WACC6.86%
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.