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PKI

PerkinElmer NYSE:PKI Stock Report

Last Price

US$120.33

Market Cap

US$15.2b

7D

-1.6%

1Y

-30.7%

Updated

01 Oct, 2022

Data

Company Financials +
PKI fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance1/6
Financial Health3/6
Dividends0/6

PKI Stock Overview

PerkinElmer, Inc. provides products, services, and solutions to the diagnostics, life sciences, and applied services markets worldwide.

PerkinElmer, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PerkinElmer
Historical stock prices
Current Share PriceUS$120.33
52 Week HighUS$203.16
52 Week LowUS$116.18
Beta1.14
1 Month Change-11.08%
3 Month Change-16.48%
1 Year Change-30.69%
3 Year Change40.84%
5 Year Change70.42%
Change since IPO1,295.13%

Recent News & Updates

Sep 22

PerkinElmer gets FDA approval for T-Cell Select kit to automate TB test

PerkinElmer's (NYSE:PKI) Oxford Immunotec said that the U.S. Food and Drug Administration (FDA) approved the use of T-Cell Select reagent kit for automation of its T-SPOT.TB test workflow. The T-Cell Select reagent kit allows for a more automated workflow, aimed to reduce hands-on time for lab personnel and lower overall costs, the company said in a Sept. 22 press release. PerkinElmer noted that the kit is available in Europe where CE marking is accepted, in South Korea and in China.

Sep 12
What Is PerkinElmer, Inc.'s (NYSE:PKI) Share Price Doing?

What Is PerkinElmer, Inc.'s (NYSE:PKI) Share Price Doing?

Let's talk about the popular PerkinElmer, Inc. ( NYSE:PKI ). The company's shares received a lot of attention from a...

Sep 01

PerkinElmer: Focusing, Appealing

Summary PerkinElmer has sold a substantial business in recent times, in order to fully focus on life science and diagnostic activities. The deal looks a bit cheap but is likely okay in the long run. Valuations have come down, despite a resilient performance, creating a compelling risk-reward for the pro forma pure play. Towards the end of February, I concluded that there was a solid diagnosis for PerkinElmer (PKI) as it has seen a real boom following the pandemic. The company has seen strong "organic" performance, as I saw no reason to alter that stance. Some Background PerkinElmer is, or better said was, a discovery and analytics business under a single roof, with revenues generated from life science, food, environment and industrial end markets. Products to think of include imaging, detection, chromatographs, atomic spectroscopy and others, combined generating $3 billion in sales in 2019, of course, ahead of the pandemic. With shares trading at $100 ahead of the pandemic, while earnings came in around $4 per share, the company traded at a premium of 25 times multiple, as the business has seen an explosion in the diagnostics business following the outbreak of the pandemic. With shares trading at $120 in March 2021, I become a shareholder as the company has seen very strong momentum throughout 2020 and was actively deploying the excess earnings reported in the meantime to add to the production portfolio through bolt-on dealmaking. The company even announced a huge deal in July 2021, with the $5.25 billion purchase of BioLegend to add life science antibodies and reagents capabilities, unfortunately at a steep multiple of 14 times revenues of $380 million. With myself being a bit skeptical on the deal and shares having risen to $170 in a short period of time, I cut out of half my position, only to see shares trade in a $170-$200 range for the remainder of the year. In February, the company posted fourth quarter revenues of $1.36 billion on which adjusted earnings of $2.56 per share were reported, including an $80 million quarterly revenue contribution from BioLegend. The company issued a 2022 guidance calling for sales at $4.4 billion, or north thereof, on which earnings are seen at $6.80-$7.00 per share. This outlook excluded a substantial pandemic "contribution" as this compares to an $8 billion revenue number in 2021 on which earnings over $11 per share were reported. Believing realistic and non-Covid-19 earnings power has improved to $7 per share, the company traded at 26 times earnings, albeit that the company has taken on some $4.4 billion in debt with the BioLegend deal, a substantial amount. Despite the fact that the company was in a better position than July 2021, it was too early to add to my remaining long position at the time. Re-Rating After voicing a constructive yet cautious stance in February of this year, shares have gradually fallen to $133 at the moment of writing, down some 20% ever since, amidst tough market conditions as well. In May, Perkin announced first quarter sales at $1.26 billion, down in the low-single digits compared to the year before, a decent result by all means with adjusted earnings of $2.41 per share looking quite solid, with net debt coming down to $4.2 billion. The company hiked the full year guidance to sales of around $4.6 billion at the midpoint of the guidance, seeing earnings around $7.30 per share. In August, Perkin announced a substantial deal as it has reached a deal to sell its applied, food and enterprise service business to New Mountain Capital in a $2.45 billion deal, of which a $2.30 billion upfront cash component is part of the deal. Note that after-tax upfront cash proceeds are pegged at just $1.9 billion to thereby cut net debt to $2.5 billion. The deal involves the sale of $1.3 billion in revenues, a substantial amount by all means, with EBITDA margins posted in the mid-teens, far lower than the overall margins posted by the business. Assuming 15% EBITDA margins, some $200 million in EBITDA will leave the door, as the multiples look fair, perhaps a bit cheap following tax leakage. The deal will furthermore sharpen the focus, with Perkin becoming a pure play on a life science and diagnostics company.

Aug 27
Is PerkinElmer (NYSE:PKI) A Risky Investment?

Is PerkinElmer (NYSE:PKI) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

PKIUS Life SciencesUS Market
7D-1.6%-1.9%-2.5%
1Y-30.7%-31.9%-23.2%

Return vs Industry: PKI exceeded the US Life Sciences industry which returned -31.9% over the past year.

Return vs Market: PKI underperformed the US Market which returned -23.2% over the past year.

Price Volatility

Is PKI's price volatile compared to industry and market?
PKI volatility
PKI Average Weekly Movement5.1%
Life Sciences Industry Average Movement9.8%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: PKI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PKI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
193716,700Prahlad Singhhttps://www.perkinelmer.com

PerkinElmer, Inc. provides products, services, and solutions to the diagnostics, life sciences, and applied services markets worldwide. It operates through two segments, Discovery & Analytical Solutions and Diagnostics. The Discovery & Analytical Solutions segment offers a suite of solutions, including reagents, informatics, and detection and imaging technologies that enable scientists to enhance research breakthroughs in the life sciences research market, as well as contract research and laboratory services.

PerkinElmer, Inc. Fundamentals Summary

How do PerkinElmer's earnings and revenue compare to its market cap?
PKI fundamental statistics
Market CapUS$15.19b
Earnings (TTM)US$674.23m
Revenue (TTM)US$5.02b

22.5x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PKI income statement (TTM)
RevenueUS$5.02b
Cost of RevenueUS$2.23b
Gross ProfitUS$2.79b
Other ExpensesUS$2.12b
EarningsUS$674.23m

Last Reported Earnings

Jul 03, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.34
Gross Margin55.65%
Net Profit Margin13.43%
Debt/Equity Ratio62.6%

How did PKI perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

5%

Payout Ratio

Does PKI pay a reliable dividends?

See PKI dividend history and benchmarks
When do you need to buy PKI by to receive an upcoming dividend?
PerkinElmer dividend dates
Ex Dividend DateOct 20 2022
Dividend Pay DateNov 11 2022
Days until Ex dividend17 days
Days until Dividend pay date39 days

Does PKI pay a reliable dividends?

See PKI dividend history and benchmarks