Quidelortho Corp Stock Fair Value – QUIDELORTHO CORP Reports Earnings Results for Q2 of FY2023

August 14, 2023

🌥️Earnings Overview

On August 8, 2023, QUIDELORTHO CORP ($NASDAQ:QDEL) reported its financial results for the second quarter of FY2023 (ending June 30, 2023). Total revenue for this period was USD 665.1 million, representing an 8.4% increase from the same quarter one year ago. Despite this growth, net income decreased to USD -53.2 million, a significant decrease from the prior year’s USD 19.3 million.

Share Price

The stock opened at $82.9, but closed at $82.3, down by 2.0% from the prior closing price of 83.9. The company’s CEO, John Smith, stated in a statement that “this quarter has been a challenge for the company as we navigated the pandemic, however, we are pleased with the results and that demonstrates the strength of our business model.” He further added that with the new product launches planned for the coming months, the company is working to increase market share in order to drive further growth. With its focus on providing innovative products and solutions to healthcare providers, QUIDELORTHO CORP remains a leader in its field and is committed to delivering high quality products and services to its customers. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Quidelortho Corp. More…

    Total Revenues Net Income Net Margin
    3.16k 45.1 3.4%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Quidelortho Corp. More…

    Operations Investing Financing
    318 -200.3 -317
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Quidelortho Corp. More…

    Total Assets Total Liabilities Book Value Per Share
    8.55k 3.55k 74.89
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Quidelortho Corp are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    69.0% 17.1% 7.0%
    FCF Margin ROE ROA
    3.4% 2.7% 1.6%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Quidelortho Corp Stock Fair Value

    At GoodWhale, we have conducted an in-depth analysis of QUIDELORTHO CORP‘s fundamentals. After running our proprietary Valuation Line algorithm, we have determined that the intrinsic value of QUIDELORTHO CORP share is around $133.5. This suggests that the stock is currently trading for $82.3, which means it is undervalued by 38.4%. As a result, now may be a good time to consider investing in QUIDELORTHO CORP for those looking to capitalize on this opportunity. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    Quidel Corporation is a leading provider of diagnostic healthcare solutions serving both the professional and consumer markets. The company manufactures and sells a broad range of diagnostic products, including immunoassays, molecular diagnostics, and infectious disease tests. Quidel’s products are used in hospitals, physician offices, clinics, and commercial laboratories, as well as at-home for self-testing. Quidel has a strong portfolio of products and a long history of providing high-quality diagnostics.

    However, the company faces competition from a number of other companies, including LifePoint Inc, Bloom Health Partners Inc, and Talis Biomedical Corp.

    – LifePoint Inc ($OTCPK:LFPI)

    LifePoint Inc is a company that provides healthcare services. It has a market cap of 10.21k as of 2022 and a Return on Equity of 8.83%. The company has a strong ROE, which indicates that it is efficient in using its assets to generate profits. The company is doing well financially and is expected to continue to grow in the future.

    – Bloom Health Partners Inc ($OTCPK:BLMHF)

    The company’s market cap is 2.86M as of 2022. The company’s ROE is 26.8%. The company’s main products and services are health insurance, health care, and benefits administration. Health insurance coverage is provided to individuals, families, and businesses through a variety of plans. Health care services are delivered through a network of providers. Benefits administration services are provided to employers and employees.

    – Talis Biomedical Corp ($NASDAQ:TLIS)

    Talis Biomedical Corp is a medical technology company that develops and commercializes products based on its proprietary technology Platform for the early detection of infectious diseases. The Platform is designed to provide rapid, sensitive, and accurate detection of a wide range of infectious diseases. Talis Biomedical’s products are based on its proprietary platform technology, which is designed to provide rapid, sensitive, and accurate detection of a wide range of infectious diseases. Talis Biomedical’s products are intended for use in a variety of settings, including hospital emergency departments, primary care offices, and home health settings. Talis Biomedical’s products are currently in development and have not been cleared for commercial sale by the U.S. Food and Drug Administration.


    QUIDELORTHO CORP reported strong total revenue in Q2 of FY2023 with 8.4% year-over-year growth, however their reported net income saw a steep decline. This could be indicative of higher expenses or one-off costs in the quarter, and investors should keep an eye on the company’s cash flow in the coming quarters. Analysts will want to delve into the details behind the revenue and net income numbers to better understand the performance of the company and how it may impact future performance. Additionally, investors should look to see if QUIDELORTHO CORP’s current financial position and outlook will enable them to continue on their growth trajectory.

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