QGEN - Embedded Expectations Analysis - 2019 09 13
QIAGEN N.V (QGEN:USA) currently trades near corporate averages relative to UAFRS-based (Uniform) Earnings, with a 20.8x Uniform P/E. At these levels, markets have bearish expectations, and management may be concerned about sustaining growth, the market potential for NeuMoDx, and restructuring their joint venture in China.Specifically, management may lack confidence in their ability to meet their sales guidance for their clinical sequencing joint venture, and they may be concerned about their ability to continue replacing their old QIAcube Connect product. Furthermore, they may lack confidence in their ability to restructure their joint venture in China and to expand their install base internationally. Additionally, they may be concerned about the sustainability of recent revenue growth, and they may be exaggerating the market potential of their NeuMoDx product. Finally, management may be concerned about continued service revenue headwinds through the remainder of the year.
Qiagen is provider of Sample to Insight solutions to transform biological materials into valuable molecular insights. Co.'s sample technologies process DNA, RNA and proteins from blood, tissue and other materials. Assay technologies make these biomolecules visible and ready for analysis. Bioinformatics software interprets data. Automation solutions unite these together in molecular testing workflows. Co. provides these workflows to four classes: Molecular Diagnostics (human healthcare), Applied Testing (forensics, veterinary testing and food safety), Pharma (pharmaceutical and biotechnology companies) and Academia (life sciences research). Co. markets its products in more than 130 countries.
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