Celestica Inc. (CLS)
Fair bewertetFundamental
70
Kurs
$360.56
Marktkapitalisierung
$47.11B
Teil 1 · Was das Unternehmen wert ist
Übersicht
Celestica builds electronic hardware that other companies designed but do not want to manufacture themselves: servers and networking gear for cloud computing customers, plus aerospace, industrial and healthcare electronics. It owns the factories, buys the components, assembles and tests the finished product, then ships it under the customer's brand. Its growth in recent years has come almost entirely from hyperscale cloud and networking hardware for the small number of companies building today's AI data centres.
Wie das Geld verdient wird
Celestica is paid for manufacturing services: it earns revenue on the hardware it ships, with margins coming from efficient production and component sourcing rather than from owning any proprietary technology in the product itself. Because it depends on a handful of very large customers for design wins and production volume, results move sharply with those customers' capital-spending decisions rather than with broad consumer demand.
Umsatz nach Segment
Servers, storage and networking hardware built mainly for hyperscale cloud providers and communications equipment makers.
Electronics manufacturing for aerospace and defence, industrial equipment, healthtech and capital equipment customers.
Wettbewerbsvorteil
Kein erkennbarer Vorteil · KeinerContract electronics manufacturing is a competitive, price-driven industry with several large players capable of building similar hardware; Celestica itself names aggressive pricing dynamics and numerous competitors as an ongoing pressure. Its edge comes from operational execution and deep relationships with a few large customers rather than from a durable structural advantage a rival cannot copy.
Was die Nachfrage antreibt
ZyklischOrders follow the capital-spending cycles of a small number of very large technology and networking customers, which can ramp production up or down quickly as their own end-market demand shifts. A slowdown in cloud data-centre build-out or a program cancellation at a top customer would show up in Celestica's results almost immediately.
Wichtigste Risiken
- Customer program cancellation — Customers may change or cancel programs at any time based on shifting end-market demand or their own products' success, and Celestica has little control over that decision.
- Customer concentration — A significant reduction in, or the loss of, revenue from one of the largest customers could have a material adverse effect on results, financial position and cash flows.
- Intense industry competition — The electronics manufacturing services and ODM industry has numerous competitors and aggressive pricing dynamics, which pressures margins and can shift business away from Celestica on short notice.
- Dependence on customers' own success — Celestica's results are tied to how well its customers' end products sell and to rapid technology change in their markets, factors entirely outside its control.
Kundenkonzentration
Die größten Kunden machen 58 % des Umsatzes aus
In 2025 three customers, all within the Connectivity and Cloud Solutions segment, individually accounted for 10% or more of revenue — 32%, 14% and 12% respectively — and the ten largest customers together made up 79% of revenue.
Die Argumente dafür
Buyers argue that Celestica has become a critical, hard-to-replace manufacturing partner for the handful of companies building AI data-centre infrastructure, and that CCS segment revenue growth of 42% in 2025 shows real share gains rather than a one-off spike.
Die Argumente dagegen
Sellers fear that with three customers alone worth 58% of revenue, a single program loss or a pause in one hyperscaler's data-centre spending could sharply cut results, and that the underlying manufacturing business remains a low-margin, highly competitive trade with little pricing power of its own.
Written by the editors, published on 18. August 2026
Direct competitors
Who this company fights with for the same customers
Generated on 18. September 2026 with claude-haiku-4-5 — shared with all users
Jabil bids for the same electronics manufacturing and design contracts as Celestica across cloud/data-center hardware, healthcare, industrial and capital equipment customers.
Flex is a comparable global contract manufacturer that has pushed hard into data-center power, cooling and server assembly, the same hyperscaler spending Celestica's CCS segment depends on.
Sanmina competes for the same high-complexity, lower-volume programs in communications, optical, industrial, medical and defense electronics that make up much of Celestica's mix.
Plexus pursues the same low-volume, highly regulated design-and-build customers in healthcare, industrial and aerospace/defense that Celestica courts with its ATS business.
Foxconn is the largest contract manufacturer of AI servers and networking hardware and competes head-on with Celestica for hyperscaler and cloud-provider orders.
Benchmark targets the same engineering-led manufacturing work in aerospace and defense, medical, semiconductor capital equipment and industrial markets served by Celestica's ATS segment.
Bilanz & Liquidität
Umsatz
$15.59B
Letzte 12 Monate (bis 30.6.2026)
Nettogewinn
$1.12B
Letzte 12 Monate (bis 30.6.2026)
Freier Cashflow
$458M
Gesamtes Eigenkapital
$2.22B
Gesamtverbindlichkeiten
$5.00B
Current Ratio
1.23
Zinsdeckungsgrad
22.20
Schulden/EBITDA
0.81
Gewinn je Aktie
Umsatz & Nettogewinn
Freier Cashflow
Ertragsaufschlüsselung
Historische Aufstellung
Margen im Zeitverlauf
Verschuldung im Zeitverlauf
Wie schwer die Schulden wiegen
Wachstumsraster
Wachstum — Umsatz
Innerer-Wert-Schätzung
Innerer Wert
$346.15
Aktueller Kurs
$360.56
Sicherheitsmarge
-4.2%
Innerer-Wert-Spanne
$224.99 - $467.30
Streubreite zwischen den verwendeten Bewertungsmethoden, kein statistisch kalibriertes Konfidenzintervall.
Bewertungsmethoden
Bewertungskennzahlen
P/E-Verhältnis
37.65
ROE
37.6%
P/B-Verhältnis
16.76
P/FCF
80.12
Bruttomarge
12.0%
ROIC
30.0%
Rentabilitäts-Radar
Wertschöpfung (Wettbewerbsvorteil)
ROIC
30.0%
WACC
11.9%
ROIC − WACC
+18.1 pp
Der ROIC übersteigt die Kapitalkosten: Das Unternehmen schafft Wert für die Aktionäre.
Fundamentalanalyse-Kriterien
Bestanden (21)
- EPS shows upward trend
- EPS CAGR 69.90%
- Price CAGR 40.77%
- ROIC 30.0%
- Debt/Equity ratio
- Operating Margin 8.8%
- Positive Free Cash Flow
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 50.6%
- Revenue Growth 5Y 16.6%
- Analyst Consensus 92% Buy
- Earnings Surprise avg 6.3%
- PEG Ratio 0.57
- Earnings Quality (OCF/NI) 1.02
- Share Dilution -1.9%
- Net Margin Trend 7.2% vs 5.1%
- Piotroski F-Score 6/9
Nicht bestanden (6)
- Gross Margin 12.0%
- P/FCF 80.12
- P/B Ratio 16.76
- CapEx intensity
- Price below Graham Number
- DCF valuation (Overvalued)
Nicht verfügbar (1)
- Dividend Payout NaN%
Piotroski F-Score
Gemischte Signale: Einige Bereiche bedürfen Aufmerksamkeit
Gewinnqualität
Hohe Qualität: Gewinne durch Cashflow gedeckt
Aktienverwässerung
Aktienrückkäufe. Aktionärsfreundlich
Institutionelle Beteiligungen
Unternehmensführung
Führungsteam
| Name | Position | Alter |
|---|---|---|
| Mr. Robert Andrew Mionis | CEO & Chair of the Board | 62 |
| Mr. Yann Louis Etienvre | Chief Operations Officer | 51 |
| Mr. Jason Phillips | Advisor | 50 |
| Mr. Todd C. Cooper | President of Advanced Technology Solutions | 55 |
| Mr. Matthew Pallotta C.A., CPA, M.B.A. | Head of Investor Relations | - |
| Mr. Douglas M. Parker | Chief Legal Officer & Corporate Secretary | 54 |
| Mr. Craig Oberg | Vice President of Investor Relations & Corporate Development | - |
| Ms. Leila Wong C.M.A., CPA | Chief Human Resources Officer | - |
| Mr. Gavin Cato | Head & CTO of Hardware Platform Solutions | 57 |
| Mr. Steven Dorwart | President of Connectivity & Cloud Solutions | - |
Prüfungsrisiko
1
Vorstandsrisiko
3
Vergütungsrisiko
2
Aktionärsrechterisiko
5
Teil 2 · Der Preis und der Einstiegszeitpunkt
Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.
Dokumente
- Dokument ansehen
Jahresbericht (10-K)
Ein jährlicher Überblick über das Geschäft, die Finanzergebnisse und die Risiken des Unternehmens.
Eingereicht am 2026-02-27
- Dokument ansehen
Quartalsbericht (10-Q)
Ein Update zur finanziellen Entwicklung der letzten drei Monate.
Eingereicht am 2026-07-27
- Dokument ansehen
Ad-hoc-Meldung (8-K)
Eine Mitteilung über ein wichtiges Ereignis, etwa einen Führungswechsel oder eine bedeutende Ankündigung.
Eingereicht am 2026-09-11
via SEC EDGAR
Ertragshistorie
via SEC EDGAR
Latest News
Recent headlines for CLS, sourced from Markets Gazette.
- 23h agoPOSITIVEWall Street may be sleeping on this networking stock tied to Google and OpenAI
Bernstein highlights Celestica Inc. as a key beneficiary of a critical bottleneck in data center networking. The firm suggests Wall Street is underestimating the stock's potential, driven by its ties to major AI players like Google and OpenAI. This positioning indicates strong demand for Celestica's advanced networking solutions, crucial for the expanding AI infrastructure. Investors should monitor Celestica's capacity expansion and partnerships as indicators of continued growth in this high-demand sector.
- 8/25/2026NEGATIVEIl titolo Celestica è sceso a un supporto cruciale: cosa succederà alle azioni?
Celestica Inc. (CLS) has entered a bear market, plummeting nearly 40% from its year-to-date high to C$407. This sharp decline follows the company's earnings report and a significant dilutive operation. Technical analysis indicates a strong downtrend, with the stock falling below the crucial $450 support level. The Relative Strength Index (RSI) has dropped from 76 to 40, signaling further potential downside. Investors are closely watching AI-related growth prospects, but the immediate outlook remains bearish due to these factors.
- 8/5/2026POSITIVECelestica Joins Data Center Funding Rush With $3 Billion Deal
Celestica Inc. is set to raise $3 billion through a new share offering, a strategic move to capitalize on the burgeoning demand for data center infrastructure driven by the artificial intelligence boom. This significant capital infusion positions Celestica to expand its capacity and services, catering to the increasing needs of AI development. The move signals strong growth prospects and investor confidence in the company's ability to leverage the AI revolution, potentially leading to increased market share and profitability. Investors may see this as a positive development, indicating proactive management and a clear path to capitalize on a high-growth sector.
- 8/5/2026NEUTRALCelestica’s $3 Billion Deal Joins Data Center Funding Rush
Celestica Inc. is planning to raise $3 billion through a new share offering, participating in the significant capital influx directed towards data center expansion. This move is driven by the escalating demand for infrastructure to support the burgeoning artificial intelligence sector. While the capital raise itself is a neutral event, the underlying driver of AI-driven data center growth suggests potential future demand for Celestica's services. Investors will monitor how effectively Celestica deploys this capital and the competitive landscape for data center solutions.
via Markets Gazette