A Business at a Glance
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CELESTICA INC
CLS
$35.5B
Mkt Cap
$305.28
-8.80%
CELESTICA INC (CLS) has a current P/E ratio of 42.6, compared to its historical median P/E of 14.5. The stock is currently considered Expensive based on its historical valuation range.
CELESTICA INC (CLS) has a 5-year average return on invested capital (ROIC) of 21.0%. This indicates strong capital allocation and a potential competitive advantage.
CELESTICA INC (CLS) has a market capitalization of $35.3B. It is classified as a large-cap stock.
CELESTICA INC (CLS) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.28%.
Based on historical P/E analysis, CELESTICA INC (CLS) appears expensive. The current P/E of 42.6 is 195% above its historical median of 14.5. The estimated fair value CAGR (P/E method) is 42.2%.
CELESTICA INC (CLS) operates in the Printed Circuit Boards industry, within the Technology sector.
CELESTICA INC (CLS) reported annual revenue of $12.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
We were incorporated in Ontario, Canada on September 27, 1996. We are a corporation domiciled in the Province of Ontario, Canada and operate under the Business Corporations Act (Ontario) (OBCA). Our principal executive offices and global headquarters are located at 5140 Yonge Street, Suite 1900, Toronto, Ontario, Canada M2N 6L7. Our telephone number is (416) 448-5800, and our internet address is www.celestica.com. We operate a network of sites and design centers strategically located in North America, Asia, and Europe. Information on our website is not incorporated by reference into this Annual Report. Prior to our incorporation, we were an IBM manufacturing unit that provided manufacturing services to IBM for more than 75 years. In 1993, we began providing electronics manufacturing services to non-IBM customers. In October 1996, we were purchased from IBM by an investor group led by Onex Corporation (Onex), and in 1998, we completed our initial public offering.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 13.8B | 12.4B | 9.6B | 8.0B | 7.3B | 5.6B |
| Net Income | 959M | 833M | 428M | 244M | 180M | 168M |
| EPS | $8.28 | $7.16 | $3.61 | $2.03 | $1.46 | $0.82 |
| Free Cash Flow | 492M | 458M | 303M | 201M | 102M | 175M |
| ROIC | 40.4% | 36.7% | 21.5% | 15.5% | 18.4% | 12.7% |
| Gross Margin | 12.0% | 12.1% | 10.7% | 9.5% | 9.0% | 8.6% |
| Debt/Equity | 0.37 | 0.41 | 0.49 | 0.44 | 2.36 | 2.19 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 1.2B | 1.0B | 599M | 338M | 289M | 168M |
| Operating Margin | 8.6% | 8.4% | 6.2% | 4.2% | 4.0% | 3.0% |
| ROE | 45.7% | 40.5% | 23.3% | 14.2% | 11.5% | 11.7% |
| Shares Outstanding | 116M | 116M | 119M | 120M | 123M | 205M |
| Metric | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 5.6B | 6.0B | 6.1B | N/A | 0 | 0 | 5.6B | 7.3B | 8.0B | 9.6B | 12.4B | 13.8B |
| Gross Margin | 6.9% | 7.1% | 6.8% | N/A | N/A | N/A | 8.6% | 9.0% | 9.5% | 10.7% | 12.1% | 12.0% |
| R&D | 23M | 25M | 26M | 29M | 28M | 30M | 38M | 46M | 61M | 78M | 118M | 142M |
| SG&A | 208M | 211M | 203M | 219M | 227M | 231M | 245M | 267M | 303M | 294M | 260M | 265M |
| EBIT | 115M | 159M | 143M | 106M | 149M | 128M | 168M | 289M | 338M | 599M | 1.0B | 1.2B |
| Op. Margin | 2.0% | 2.6% | 2.3% | N/A | N/A | N/A | 3.0% | 4.0% | 4.2% | 6.2% | 8.4% | 8.6% |
| Net Income | 67M | 138M | 106M | 99M | 70M | 61M | 168M | 180M | 244M | 428M | 833M | 959M |
| Net Margin | 1.2% | 2.3% | 1.7% | N/A | N/A | N/A | 3.0% | 2.5% | 3.1% | 4.4% | 6.7% | 7.0% |
| Non-Recurring | 3.8M | 12M | 3.3M | 14M | 9.9M | 17M | 0 | 41M | 71M | 61M | 73M | 25M |
| Returns on Capital | ||||||||||||
| ROIC | N/A | 14.4% | 12.9% | 11.2% | 11.5% | 9.2% | 12.7% | 18.4% | 15.5% | 21.5% | 36.7% | 40.4% |
| ROE | N/A | 11.7% | 8.0% | 7.3% | 5.2% | 4.4% | 11.7% | 11.5% | 14.2% | 23.3% | 40.5% | 45.7% |
| ROA | N/A | 9.7% | 3.6% | 3.0% | 1.9% | 1.7% | 4.0% | 3.5% | 4.2% | 7.2% | 12.6% | 11.6% |
| Cash Flow | ||||||||||||
| Op. Cash Flow | 196M | 173M | 127M | 33M | 345M | 240M | 227M | 211M | 326M | 474M | 660M | 886M |
| Free Cash Flow | 134M | 109M | 24M | -49M | 265M | 187M | 175M | 102M | 201M | 303M | 458M | 492M |
| Owner Earnings | 128M | 98M | 51M | -56M | 210M | 115M | 101M | 44M | 140M | 265M | 414M | 633M |
| CapEx | 63M | 64M | 103M | 82M | 81M | 53M | 52M | 109M | 125M | 171M | 201M | 394M |
| Maint. CapEx | 68M | 76M | 77M | 89M | 135M | 125M | 126M | 116M | 131M | 152M | 176M | 178M |
| Growth CapEx | 0 | 0 | 26M | 0 | 0 | 0 | 0 | 0 | 0 | 19M | 25M | 216M |
| D&A | 68M | 76M | 77M | 89M | 135M | 125M | 126M | 116M | 131M | 152M | 176M | 178M |
| CapEx/OCF | 32.0% | 37.0% | 80.8% | 248.3% | 23.3% | 22.0% | 23.0% | 36.6% | 38.4% | 36.1% | 30.5% | 44.5% |
| Capital Allocation | ||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 29M | 18M | 17M | 22M | 9.2M | 19M | 54M | 35M | 36M | 152M | 153M | 98M |
| Buyback Yield | 1.7% | 1.1% | N/A | N/A | N/A | N/A | N/A | N/A | 1.0% | 1.3% | 0.4% | 0.3% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 51M | 56M | 57M | 70M | 74M |
| Debt Repayment | 13M | 75M | 40M | 0 | 0 | 0 | 0 | 800K | 400K | 11M | 200K | 200K |
| Balance Sheet | ||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 413M | 508M | 320M | 394M |
| Cash & Equiv. | 545M | 463M | 402M | 409M | 446M | 447M | 394M | 375M | 370M | 423M | 596M | 378M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 648M | 770M | 751M | 747M |
| Debt/Equity | N/A | 1.26 | 1.16 | 1.81 | 1.63 | 1.60 | 2.19 | 2.36 | 0.44 | 0.49 | 0.41 | 0.37 |
| Interest Coverage | 18.3 | 15.9 | 14.2 | 4.4 | 3.0 | 3.4 | 5.3 | 5.6 | 4.3 | 11.5 | 19.8 | 394.7 |
| Equity | N/A | 1.3B | 1.4B | 1.3B | 1.4B | 1.4B | 1.5B | 1.7B | 1.8B | 1.9B | 2.2B | 2.1B |
| Total Assets | N/A | 2.8B | 3.0B | 3.7B | 3.6B | 3.7B | 4.7B | 5.6B | 5.9B | 6.0B | 7.2B | 8.3B |
| Total Liabilities | 26M | 1.6B | 1.6B | 2.4B | 2.2B | 2.3B | 3.2B | 4.0B | 4.1B | 4.1B | 5.0B | 6.2B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 318M | 308M | 266M | 256M |
| Retained Earnings | N/A | -1.6B | -1.5B | -1.5B | -1.4B | -1.4B | -1.3B | -1.1B | -852M | -424M | 409M | 409M |
| Working Capital | N/A | 1.1B | 1.1B | 1.2B | 1.1B | 1.2B | 1.2B | 1.3B | 1.3B | 1.5B | 1.7B | 1.3B |
| Current Assets | 38M | 2.3B | 2.4B | 2.8B | 2.6B | 2.7B | 3.4B | 4.3B | 4.5B | 4.5B | 5.7B | 6.4B |
| Current Liabilities | N/A | 1.2B | 1.2B | 1.6B | 1.5B | 1.6B | 2.3B | 3.1B | 3.2B | 3.0B | 3.9B | 5.1B |
| Per Share Data | ||||||||||||
| EPS | 0.42 | 0.96 | 0.73 | 0.70 | 0.53 | 0.47 | 0.82 | 1.46 | 2.03 | 3.61 | 7.16 | 8.28 |
| Owner EPS | 0.80 | 0.68 | 0.35 | -0.40 | 1.58 | 0.89 | 0.49 | 0.36 | 1.16 | 2.23 | 3.56 | 5.47 |
| Book Value | N/A | 8.73 | 9.48 | 9.43 | 10.22 | 10.93 | 7.15 | 13.59 | 14.71 | 15.99 | 19.06 | 18.13 |
| Cash Flow/Share | 1.23 | 1.20 | 0.88 | 0.23 | 2.60 | 1.86 | 1.11 | 1.71 | 2.71 | 4.00 | 5.67 | 9.82 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 159.3M | 144.1M | 144.5M | 141.3M | 132.6M | 128.9M | 204.5M | 123.4M | 120.4M | 118.6M | 116.3M | 115.7M |
| Valuation | ||||||||||||
| P/E Ratio | 26.0 | 12.4 | 14.3 | 12.5 | 15.3 | 16.4 | 13.6 | 9.1 | 14.6 | 26.3 | 42.4 | 36.9 |
| P/FCF | 13.0 | 15.6 | 62.0 | N/A | 4.1 | 5.3 | 13.1 | 13.0 | 17.7 | 37.2 | 77.0 | 71.9 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10.4 | 18.8 | 33.5 | 30.2 |
| Price/Book | 140.3 | 1.4 | 209.4 | 118.5 | 13.4 | 13.7 | 42.6 | 1.4 | 2.0 | 5.9 | 15.9 | 16.8 |
| Price/Sales | N/A | N/A | 0.4 | 0.3 | 0.2 | 0.1 | 0.3 | 0.3 | 0.3 | 0.7 | 1.7 | 2.6 |
| FCF Yield | 7.7% | 6.4% | 1.2% | -3.7% | 26.2% | 19.9% | 7.6% | 4.3% | 5.6% | 2.7% | 1.3% | 1.4% |
| Market Cap | 1.7B | 1.7B | 2.1B | 1.3B | 1.0B | 940M | 2.3B | 2.4B | 3.6B | 11.3B | 35.3B | 35.3B |
| Avg. Price | 11.92 | 10.69 | 12.68 | 11.07 | 7.63 | 6.86 | 8.92 | 10.79 | 17.97 | 54.38 | 178.45 | 305.28 |
| Year-End Price | 10.92 | 11.86 | 10.46 | 8.74 | 8.11 | 7.73 | 11.17 | 10.74 | 29.59 | 95.10 | 303.56 | 305.28 |
CELESTICA INC passes 6 of 9 quality checks, suggesting mixed fundamentals.
CELESTICA INC trades at 42.6x trailing earnings, compared to its 15-year median P/E of 14.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 76.6x vs a median of 15.6x. The company's 5-year average ROIC is 21.0% with a gross margin of 10.0%. Total shareholder yield (buybacks) is 0.3%. At current prices, the estimated annualized return to fair value is +12.7%.
CELESTICA INC (CLS) has a net profit margin of 6.7%. This is a modest margin.
CELESTICA INC (CLS) generated $458 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CELESTICA INC (CLS) has a debt-to-equity ratio of 0.41. This indicates a conservatively financed balance sheet.
CELESTICA INC (CLS) reported earnings per share (EPS) of $7.16 in its most recent fiscal year.
CELESTICA INC (CLS) has a return on equity (ROE) of 40.5%. This indicates the company generates strong returns for shareholders.
CELESTICA INC (CLS) has a 5-year average gross margin of 10.0%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 11 years of financial data for CELESTICA INC (CLS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CELESTICA INC (CLS) has a book value per share of $19.06, based on its most recent annual SEC filing.