QDEL
QuidelOrtho Corporation
$13.38
Stable Earnings Power
40%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Undervalued
Trading 63.5% below fair value
You pay
$13.38
Bear
$29.30
Fair
$36.62
Bull
$43.95
Bear
$29.30
+119.0%
$2.18 × 13x P/E
Fair
$36.62
+173.7%
$2.18 × 17x P/E
Bull
$43.95
+228.5%
$2.18 × 20x P/E
Adjust Assumptions
16.8x
2.18$
Key Value Driver
Normalized P/E multiple (17x base case)
Implied Market Multiple
6.1x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (15 analysts)
$12.25
Divergence from AlphaVal
199%
Summary
Applying a 17x P/E to adjusted EPS of $2.18, the base-case value is $36.62 per share.
Warnings
Wall Street's average price target is $12.25 (from 15 analysts). Our estimate is 199% above the consensus -- consider that gap carefully.
This stock is 62% below its 52-week high, with weak or declining earnings. That combination often signals real trouble, even though the valuation below is based on other fundamentals.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples