Celestica Inc. (CLS)
Juste valeurFondamental
70
Prix
$382.52
Capitalisation boursière
$47.11B
Partie 1 · Ce que vaut l'entreprise
Vue d'ensemble
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.
Comment l'entreprise gagne de l'argent
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.
Chiffre d'affaires par 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.
Avantage concurrentiel
Aucun avantage identifié · AucunContract 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.
Ce qui stimule la demande
CycliqueOrders 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.
Principaux risques
- 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.
Concentration des clients
Les principaux clients représentent 58% du chiffre d'affaires
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.
Les arguments en faveur
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.
Les arguments contre
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 août 2026
Direct competitors
Who this company fights with for the same customers
Generated on 18 septembre 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.
Bilan & Liquidités
Chiffre d'affaires
$15.59B
12 derniers mois (au 30/06/2026)
Résultat net
$1.12B
12 derniers mois (au 30/06/2026)
Flux de trésorerie libre
$458M
Capitaux propres totaux
$2.22B
Passif total
$5.00B
Ratio de liquidité général
1.23
Couverture des intérêts
22.20
Dette/EBITDA
0.81
Bénéfice par action
Chiffre d'affaires & Résultat net
Flux de trésorerie libre
Décomposition du résultat
État historique
Marges dans le temps
La dette dans le temps
Le poids de la dette
Grille de la croissance
Croissance — Chiffre d'affaires
Estimation de la juste valeur
Juste valeur
$348.33
Prix actuel
$382.52
Marge de sécurité
-9.8%
Fourchette de juste valeur
$226.42 - $470.25
Écart entre les méthodes de valorisation utilisées, pas un intervalle de confiance calibré statistiquement.
Méthodes d'estimation
Indicateurs de valorisation
Ratio P/E
38.86
ROE
37.6%
Ratio P/B
17.30
P/FCF
82.70
Marge brute
12.0%
ROIC
30.0%
Radar de rentabilité
Création de valeur (avantage concurrentiel)
ROIC
30.0%
WACC
11.9%
ROIC − WACC
+18.1 pp
Le ROIC dépasse le coût du capital — l'entreprise crée de la valeur pour les actionnaires.
Critères d'analyse fondamentale
Réussi (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
Échoué (6)
- Gross Margin 12.0%
- P/FCF 82.70
- P/B Ratio 17.30
- CapEx intensity
- Price below Graham Number
- DCF valuation (Overvalued)
Indisponible (1)
- Dividend Payout NaN%
Score F de Piotroski
Signaux mixtes : certains domaines nécessitent attention
Qualité des bénéfices
Qualité élevée : bénéfices soutenus par la trésorerie
Dilution du capital
Rachat d'actions. Favorable aux actionnaires
Participations institutionnelles
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| 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 | - |
Risque d'audit
1
Risque du conseil
3
Risque de rémunération
2
Risque droits des actionnaires
5
Partie 2 · Le prix et le moment d'entrer
Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.
Documents
- Voir le document
Rapport annuel (10-K)
Un aperçu annuel de l'activité, des résultats financiers et des risques de l'entreprise.
Déposé le 2026-02-27
- Voir le document
Rapport trimestriel (10-Q)
Une mise à jour de la performance financière des trois derniers mois.
Déposé le 2026-07-27
- Voir le document
Rapport d'événement important (8-K)
Un avis concernant un événement important, comme un changement de direction ou une annonce majeure.
Déposé le 2026-09-11
via SEC EDGAR
Historique des résultats
via SEC EDGAR
Latest News
Recent headlines for CLS, sourced from Markets Gazette.
- 2d 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