QuidelOrtho Corporation

QuidelOrtho Corporation

QDELยทNASDAQ

$13.60

+2.3%
HealthcareMedical - Instruments & Supplies

QuidelOrtho Corporation focuses on the development and manufacture of diagnostic testing technologies across the continuum of healthcare testing needs. The company operates through Labs, Transfusion Medicine, Point-of-Care, and Molecular Diagnostics business units. The Labs business unit provides clinical chemistry laboratory instruments and tests that measure target chemicals in bodily fluids for the evaluation of health and the clinical management of patients; immunoassay laboratory instruments and tests, which measure proteins as they act as antigens in the spread of disease, antibodies in the immune response spurred by disease, or markers of proper organ function and health; testing products to detect and monitor disease progression across a spectrum of therapeutic areas; and specialized diagnostic solutions. The Transfusion Medicine business unit offers immunohematology instruments and tests used for blood typing to ensure patient-donor compatibility in blood transfusions; and donor screening instruments and tests used for blood and plasma screening for infectious diseases. The Point-of-Care business unit provides tests to provide rapid results across a continuum of point-of-care settings. The Molecular Diagnostics business unit offers polymerase chain reaction thermocyclers; and analyzers and amplification systems. The company sells its products directly to end users through a direct sales force; and through a network of distributors for professional use in physician offices, hospitals, clinical laboratories, reference laboratories, urgent care clinics, universities, retail clinics, pharmacies, wellness screening centers, blood banks, and donor centers, as well as for individual, non-professional, and over-the-counter use. It operates in North America, Europe, the Middle East, Africa, China, and internationally. The company was founded in 1979 and is headquartered in San Diego, California.

At a Glance

Live Snapshot
Market Cap$927.40M
EPS-16.6900
P/E Ratio-0.81
Earnings Date07/29/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -0.8).

Valuation inputs: P/E -0.8, earnings yield N/A, momentum +2.3%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -58.9%, ROIC -18.4%).

Profitability stack: net margin -41.4%, ROE -58.9%, ROIC -18.4%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +66.7%, momentum +2.3%, net margin -41.4%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

qdel

QuidelOrtho Corporation Market vs Earnings Trajectory

QDEL ยท NASDAQ
Current Price
$13.60
EPS (TTM)
$-17.85

Performance Analysis

EPS Growth

-109.5%

Declining earnings warrant investigation into business challenges and competitive position.

Price-EPS Relationship

Aligned

Both price and earnings are declining together, reflecting deteriorating business fundamentals.

Stock Price Change

-56.2%

Over the 1Y period, stock price has decreased by 56.2%.

P/E Ratio (TTM)

-0.8x

Relatively low P/E may indicate undervaluation or lower growth expectations.

QuidelOrtho Corporation

QuidelOrtho Corporation Fair Value Envelope

QDEL ยท NASDAQ

Our analysis suggests that QDEL has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $13.6, this represents a potential HIDDEN relative to our calculated worth for QuidelOrtho Corporation.

Intrinsic Value
Current Price: $13.6
3Y+11027.0%
5Y-273.0%
10Y-1059.0%
3Y-9.0%
5Y-16.0%
10Y+423.0%
3Y+11106.0%
5Y-306.0%
10Y-1626.0%
3Y-88.0%
5Y-83.0%
10Y+790.0%
3Y-111.0%
5Y-115.0%
10Y+88198.0%
3Y-35.0%
5Y+208.0%
10Y+1386.0%
QuidelOrtho Corporation

QuidelOrtho Corporation Profit Bridge

QDEL ยท NASDAQ
Revenue2.73B
Cost of Goods Sold (1.46B)
Gross Profit1.27B
Operating Expenses (2.19B)
Operating Income-919.20M
Interest Expense (177.60M)
Other Income/Expense-188.50M
Pretax Income-1.11B
Income Tax (24.10M)
Net Income-1.13B
Net Income
-1.13B

Profitability Analysis

Gross Margin

46.7%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

-33.7%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-41.5%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

46.67%
Gross Profit Margin
1%
3Y-21.0%
5Y-43.0%
10Y-24.0%
-33.67%
Operating Profit Margin
-52%
3Y-230.0%
5Y-153.0%
10Y+1353.0%
-41.45%
Net Profit Margin
-44%
3Y-347.0%
5Y-185.0%
10Y+475.0%
-58.93%
Return on Equity
-14%
3Y-630.0%
5Y-197.0%
10Y+756.0%
-19.62%
Return on Assets
-39%
3Y-417.0%
5Y-145.0%
10Y+452.0%
-18.45%
Return on Invested Capital
-43%
3Y-337.0%
5Y-134.0%
10Y+1630.0%
QDEL

QuidelOrtho Corporation Cash Conversion Engine

QDEL ยท NASDAQ
Net Income-1.13B
Depreciation & Amortization442.00M
Stock-Based Compensation0.00
Change in Working Capital-125.80M
Others914.50M
Capital Expenditures-188.20M
Free Cash Flow-83.00M

Cash Flow Quality Analysis

FCF Conversion Rate

7.3%

Weak cash conversion. Significant portion of earnings not converting to cashโ€”review working capital trends and capital intensity.

CapEx Intensity

178.9%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

+26.0%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$125.80M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

qdel

QuidelOrtho Corporation Funding & Solvency Profile

QDEL ยท NASDAQ
Cash & Cash Equivalents140.40M
Net Receivables359.90M
Inventory611.50M
Other Current Assets265.20M
Total Current Assets1 B
Property, Plant & Equipment1.50B
Goodwill & Intangible Assets2.52B
Long-Term Investments0.00
Other Non-Current Assets234.20M
Total Non-Current Assets2 B
Total Assets
5.63B

Financial Health Analysis

Current Ratio

1.43x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

2.04x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

415 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

24% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

qdel

QuidelOrtho Corporation Street Expectations Map

QDEL ยท NASDAQ

Wall Street analysts project that QDEL stock may see slight declines over the coming 12 months. The consensus 1-year price target stands at 12.25, with estimates ranging from a low of 12.00 to a high of 12.50.

Lowest Target
12.00
-11.76%
Consensus Target
12.25
-9.93%
Highest Target
12.50
-8.09%

The consensus 1-year price target stands at 12.25, with estimates ranging from a low of 12.00 to a high of 12.50.

Analyst Consensus Analysis

Upside Potential

-9.9%

Downside risk. Current price above analyst targets indicates potential overvaluation. Exercise caution and review catalysts.

Analyst Agreement

4.1% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Risk-Reward Profile

0.69x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

qdel

QuidelOrtho Corporation Insider Positioning

QDEL ยท NASDAQ

During the last 12 months, insiders have purchased $1.25M and sold $112K worth of QDEL shares, resulting in $1.14M of net buying activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

24.7K

589.19K

Sold

0

0.00

Net Activity

+589K

+$589K

6-9 Months

Bought

29.6K

658.65K

Sold

4.0K

111.97K

Net Activity

+547K

+$547K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
BBJ

Blaser Brian J.

Officer: President And Ceo

34.0K sharesโ€ข2 transactions

$750K

2
SM

Strobeck Matthew

Director

10.0K sharesโ€ข1 transactions

$240K

3
BJM

Busky Joseph M.

Officer: Chief Financial Officer

8.1K sharesโ€ข2 transactions

$204K

4
PMLPD

Polan Mary Lake Ph D

Director

1.0K sharesโ€ข1 transactions

$22K

5
RAD

Rhoads Ann D

Director

750 sharesโ€ข1 transactions

$21K

Top Sellers

1
WKJ

Widder Kenneth J

Director

4.0K sharesโ€ข1 transactions

$112K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $1.14M net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

11.14:1

Exceptional buy/sell ratio. Buying dramatically outweighs sellingโ€”one of the strongest possible insider signals.

Insider Participation

High Buying

5 insider buyers vs. 1 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Compelling insider conviction: The combination of strong buy/sell ratio and multiple buyers suggests insiders see attractive risk/reward. Consider this alongside fundamental analysis for confirmation.

0.00%
Dividend Yield
3Y-
5Y-
10Y-
ย 

qdel Dividend History

QDEL
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%