Celestica Inc (CLS) stock analysis
Close on Nov 11, 2026Market cap $30.64BP/E 23.0Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Solid15 of 30 checks passed
Celestica passes 15 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 5/6
- Past performance
- 6/6
- Financial health
- 4/6
- Dividend
- 0/6
What stands out
Return on equity over 15%
Return on equity was 30.2% over the last twelve months and averaged 19.3% over five years.
Return on capital over 10%
Return on invested capital was 46.2%, above the 10% that usually covers the cost of capital.
Low debt
Debt is 13.2% of shareholders' equity, under the 40% we consider low.
Earnings grew over 5 years
Net income grew 68.9% a year on average over the last five fiscal years.
What to watch
Gross margin slipping
Gross margin was 11.5% over the last twelve months, against 12.0% a year earlier.
No dividend
Celestica has not paid a dividend in the last twelve months.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth5/6
Revenue growing 10%+ a year
Revenue grew 19.6% a year over the last three fiscal years.
EPS growing 10%+ a year
Diluted EPS grew 69.9% a year over the last three fiscal years.
Earnings growth accelerating
Net income grew 73.8% over the last twelve months, against a 5-year average of 68.9% a year.
Growing faster than the industry
Revenue grew 61.6% over the last twelve months; the Electronic Components and Accessories median is 17.3%.
Guidance raised
Celestica raised its 2026 Revenue outlook on Jul 27, 2026.
Gross margin slipping
Gross margin was 11.5% over the last twelve months, against 12.0% a year earlier.
Past performance6/6
Return on equity over 15%
Return on equity was 30.2% over the last twelve months and averaged 19.3% over five years.
Return on capital over 10%
Return on invested capital was 46.2%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
Celestica's return on equity of 30.2% is above the Electronic Components and Accessories median of 4.8%.
Earnings grew over 5 years
Net income grew 68.9% a year on average over the last five fiscal years.
Net margin above its 5-year average
Net margin was 6.8% over the last twelve months, against a 5-year average of 3.7%.
Net margin above the industry
Celestica's net margin of 6.8% is above the Electronic Components and Accessories median of 2.9%.
Financial health4/6
Low debt
Debt is 13.2% of shareholders' equity, under the 40% we consider low.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 172% of total debt.
Interest well covered
Operating income covers interest expense 21.3 times.
Short-term assets cover short-term debts
Current assets are 1.61 times current liabilities.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.
Dividend0/6
No dividend
Celestica has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for Celestica. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $880.34M
- Value traded per 1% price move
- $212.13M
Downside
High risk
- Typical loss in a bad month
- 34.7%
- Volatility (annualized)
- 81%
- Sharpe ratio, 1 year
- -0.42
- Beta to the S&P 500 (5Y)
- 1.93
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +28.5% | +19.6% | +16.6% | +8.2% | |
| Gross profit | +44.5% | +32.0% | +27.8% | +14.3% | |
| Operating income | +73.7% | +53.2% | +52.1% | +24.6% | |
| Net income | +94.5% | +66.6% | +68.9% | +28.7% | |
| EPS, diluted | +98.3% | +69.9% | +72.4% | +32.8% | |
| Free cash flow | +51.3% | +65.0% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 4.4% | 40.5% | |
| Return on assets | – | 1.7% | 12.6% | |
| Current ratio | 1.90 | 1.73 | 1.44 | |
| Debt to equity | – | – | 0.35 | |
| Net debt to EBITDA | – | – | 0.15× | |
| Interest coverage | 15.9× | 3.4× | 19.8× | |
| Inventory turnover | – | 5.1× | 5.5× | |
| Capex to revenue | – | – | 1.6% | |
| Diluted shares | 144M | 129M | 116M |
Cash use needs five years of cash flow figures
Celestica does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.7% | 1.88× | 3.21× | 40.5% |
| FY2024 | 4.4% | 1.62× | 3.24× | 23.3% |
| FY2023 | 3.1% | 1.38× | 3.34× | 14.2% |
| FY2022 | 2.5% | 1.41× | 3.28× | 11.5% |
| FY2021 | 1.8% | 1.35× | 2.90× | 7.2% |
| FY2020 | 1.1% | 1.59× | 2.61× | 4.4% |
| FY2019 | 1.2% | 1.61× | 2.71× | 5.2% |
| FY2018 | 1.5% | 1.98× | 2.48× | 7.3% |
| FY2017 | 1.7% | 2.12× | 2.21× | 8.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$832.50M
- Cash generatingOperating cash flow above zero$659.50M
- Return on assets improvedROA up on the prior year7.3% → 13.9%
- Earnings backed by cashOperating cash flow above net income$659.50M vs $832.50M
- Less leverageLong-term debt to assets fell12.9% → 10.4%
- Better liquidityCurrent ratio rose1.49 → 1.44
- No dilutionShare count did not rise119M → 116M
- Gross margin improvedGross margin up on the prior year10.72% → 12.06%
- More efficientAsset turnover rose1.64 → 2.07
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