QuidelOrtho Corporation (QDEL) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-421.5%

-$45.11

vs $14.03 price

Levered DCF

$74.37

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-0.08

Distress zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-1.76×	-1.44×	-491.33×	8.87×	8.06×	9.34×	42.15×	28.06×
P/B	1.03×	0.99×	0.98×	0.99×	2.94×	5.68×	5.48×	4.88×
P/S	0.73×	1.06×	1.64×	1.49×	3.34×	4.55×	5.73×	3.98×
EV / EBITDA	-9.53×	-3.72×	12.22×	6.78×	5.26×	6.54×	22.36×	15.99×
Gross margin	46.7%	46.2%	49.9%	59.3%	75.3%	81.2%	60.0%	60.4%
Operating margin	-33.7%	-70.5%	4.6%	25.8%	53.3%	63.8%	17.3%	18.4%
Net margin	-41.5%	-73.7%	-0.3%	16.8%	41.5%	48.8%	13.6%	14.2%
Current ratio	1.5×	1.22×	1.57×	1.56×	4.45×	3.39×	1.77×	1.21×
Debt / equity	1.48×	0.9×	0.52×	0.58×	0.07×	0.08×	0.2×	0.25×
Interest coverage	-5.18×	-10.41×	0.78×	11.32×	1,294.29×	839.53×	6.27×	3.95×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-58.9%	-68.8%	-0.2%	11.1%	36.5%	60.8%	13.0%	17.4%
Return on invested capital	-18.3%	-32.6%	0.6%	7.8%	33.5%	53.6%	10.9%	13.7%
Return on assets	-19.6%	-31.9%	-0.1%	6.2%	29.0%	43.3%	8.0%	9.2%
Free cash flow yield	-4.2%	-3.8%	1.4%	15.3%	9.0%	7.5%	3.5%	5.0%
Earnings yield	-57.0%	-69.4%	-0.2%	11.3%	12.4%	10.7%	2.4%	3.6%
Enterprise value	$4.7B	$5.5B	$7.4B	$7.4B	$5B	$7.2B	$3.1B	$2.1B
Net debt / EBITDA	-5.46×	-1.73×	4.11×	2.34×	-0.7×	-0.35×	0.43×	0.48×
Cash conversion cycle (days)	131	129	128	132	169	148	123	128