QuidelOrtho Corp. (QDEL) intrinsic value & 10-year financials

QuidelOrtho Corp. (QDEL) has a Graham intrinsic value of $495.27 per share. At $12.91 on Oct 17, 2026, the stock trades 97% below that value. Over the last 6 fiscal years revenue grew 13.2% a year to $2.7B, with an average return on invested capital of 3.4%.

Graham intrinsic value
$495.27
Share price (Oct 17, 2026)
$12.91
Price vs Graham value
97% below
Market cap
$875.3M
Revenue (FY2025)
$2.7B
Revenue growth (6-yr CAGR)
13.2%
ROIC (10-yr avg)
3.4%
Free cash flow (FY2025)
-$83.0M

QDEL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.7B -$1.1B -$16.69 -$83.0M -33.7% -19.9%
FY2024 $2.8B -$2.1B -$30.54 -$112.1M -70.5% -31.0%
FY2023 $3.0B -$10.1M -$0.15 $70.9M 4.6% 1.7%
FY2022 $1.7B $704.2M $16.43 $513.1M 53.3% 62.9%
FY2021 $1.7B $810.3M $18.60 $564.8M 63.8% —
FY2019 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

QuidelOrtho Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

QuidelOrtho Corp has historically struggled to out-earn its cost of capital, averaging just 3.4% ROIC.

QuidelOrtho Corp capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, QuidelOrtho Corp is modeled at 13.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $495.27 per share.

QDEL stock: frequently asked questions

What is the intrinsic value of QuidelOrtho Corp. (QDEL) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 13.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, QDEL's intrinsic value is about $495.27 per share.

Is QDEL stock undervalued?

At $12.91 (close on Oct 17, 2026), QDEL trades 97% below its Graham value of $495.27. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does QuidelOrtho Corp. generate free cash flow?

QuidelOrtho Corp. generated -$83.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 5 reported years.

What is QDEL's return on invested capital?

Average ROIC over the last 6 fiscal years was 3.4%, and average return on equity was 6.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this QDEL data come from?

From QuidelOrtho Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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