QDEL — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

Model	Intrinsic Value	vs Price ($20.80)
DCF	$20.89	+0.5%
Graham Number	—	—
Reverse DCF	—	implied g: 5.0%
DDM	—	—
EV/EBITDA	$22.60	+8.7%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $233.88M

Near-term growth (yrs 1–5)(%)Rev: 2.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 2.90%

Computed WACC: 2.90%

Cost of equity (Re)8.76%(Rf 4.30% + β 0.81 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)33.16%

Debt weight (D/V)66.84%

Results

Intrinsic Value / share$952.68

Current Price$20.80

Upside / Downside+4481.3%

Net Debt (used)$2.68B

Sensitivity: WACC (rows) × Near-term g (cols)

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$21.41	$33.71	$48.02	$64.58	$83.66
8.0%	$10.59	$20.49	$31.99	$45.28	$60.57
9.0%	$3.08	$11.33	$20.89	$31.93	$44.61
10.0%	$-2.42	$4.61	$12.76	$22.15	$32.92
11.0%	$-6.64	$-0.53	$6.54	$14.68	$24.00

2 — Graham Number

Assumptions

MultiplierGraham used 22.5 (15× P/E × 1.5× P/B)

EPS (trailing)($)Yahoo: $-16.69

Book Value / share($)Yahoo: $28.28

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.

Graham Number—

Current Price$20.80

Margin of Safety—

Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 2.90%

Terminal growth rate(%)

Computed WACC: 2.90%

Cost of equity (Re)8.76%(Rf 4.30% + β 0.81 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)33.16%

Debt weight (D/V)66.84%

Results

Current Price$20.80

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth2.2%

Historical Earnings Growth—

Base FCF (TTM)$233.88M

Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Annual dividend D0($/share)Yahoo: —

Dividend growth rate (g)(%)

Required return (r)(%)

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.

DDM Intrinsic Value / share—

Current Price$20.80

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $562.00M

Target EV/EBITDA multipleCurrent: 7.5×

Net Debt($B)Default: $2.68B

Results

Implied Equity Value / share$22.60

Current Price$20.80

Upside / Downside+8.7%

Implied EV$4.22B

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	$683.70M	$1.68B	$2.68B	$3.68B	$4.68B
3.5x	$18.96	$4.27	$-10.42	$-25.11	$-39.80
5.5x	$35.47	$20.78	$6.09	$-8.60	$-23.29
7.5x	$51.98	$37.29	$22.60	$7.91	$-6.78
9.5x	$68.49	$53.80	$39.11	$24.42	$9.73
11.5x	$84.99	$70.31	$55.62	$40.93	$26.24

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