PKI - PerkinElmer: The Market Completely Missed The Transformation
Executive summary
PerkinElmer (NYSE:PKI) is a company that has manufactured analytical, scientific instruments all of its 80 years existence. Yet, over the last 5 years the company has gone through a substantial make-over. This puts the business in the enviable position where today no less than 70% of revenue comes from consumables, services and software, no less than 40% of turnover is generated in the emerging markets and no less than 75% of the business is geared towards the highly favourable diagnostics and life sciences end markets.
Our take is that this has fundamentally changed