Celestica Stock Today

CLS Stock  USD 45.56  0.81  1.75%   

Performance

18 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 2

 
100  
 
Zero
Very Low
Celestica is selling for under 45.56 as of the 28th of March 2024; that is -1.75 percent down since the beginning of the trading day. The stock's lowest day price was 44.51. Celestica has a very small chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Celestica are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Technology Hardware & Equipment
IPO Date
30th of June 1998
Category
Technology
Classification
Information Technology
Celestica Inc. provides hardware platform and supply chain solutions in North America, Europe, and Asia. Celestica Inc. was incorporated in 1994 and is headquartered in Toronto, Canada. Celestica operates under Electronic Components classification in the United States and is traded on New York Stock Exchange. The company has 119.26 M outstanding shares of which 4.54 M shares are currently shorted by investors with about 1.77 days to cover. More on Celestica

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Celestica Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Celestica's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Celestica or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEORobert Mionis
Thematic IdeaMillennials Best (View all Themes)
Old NameCL ASSET FPO
Business ConcentrationElectronic Equipment, Instruments & Components, Technology Hardware & Equipment, Information Technology, NYSE Composite, SP TSX Composite, Millennials Best, Information Technology, Electronic Equipment, Instruments & Components, Electronic Components, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Celestica report their recommendations after researching Celestica's financial statements, talking to executives and customers, or listening in on Celestica's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Celestica. The Celestica consensus assessment is calculated by taking the average forecast from all of the analysts covering Celestica.
Financial Strength
Based on the key measurements obtained from Celestica's financial statements, Celestica is performing exceptionally good at this time. It has a great probability to report excellent financial results in April. Financial strength of Celestica is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover2.01.3833
Way Up
Slightly volatile
Gross Profit Margin0.05540.0928
Way Down
Pretty Stable
Total Current Liabilities1.7 B3.2 B
Way Down
Slightly volatile
Non Current Liabilities Total507.3 M898.1 M
Way Down
Slightly volatile
Total Assets4.3 B5.9 B
Way Down
Slightly volatile
Total Current Assets3.1 B4.5 B
Way Down
Slightly volatile
Total Cash From Operating Activities252.7 M370.9 M
Way Down
Slightly volatile
Celestica's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Celestica's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Celestica's financial leverage. It provides some insight into what part of Celestica's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Celestica's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Celestica deploys its capital and how much of that capital is borrowed.
Liquidity
Celestica cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 778.79 M in debt with debt to equity (D/E) ratio of 0.5, which is OK given its current industry classification. Celestica has a current ratio of 1.4, which is typical for the industry and considered as normal. Debt can assist Celestica until it has trouble settling it off, either with new capital or with free cash flow. So, Celestica's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Celestica sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Celestica to invest in growth at high rates of return. When we think about Celestica's use of debt, we should always consider it together with cash and equity.

Net Income

261.54 Million
Celestica (CLS) is traded on New York Stock Exchange in USA. It is located in 5140 Yonge Street, Toronto, ON, Canada, M2N 6L7 and employs 21,890 people. Celestica is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 5.43 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Celestica's market, we take the total number of its shares issued and multiply it by Celestica's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Celestica runs under Electronic Equipment, Instruments & Components sector within Information Technology industry. The entity has 119.26 M outstanding shares of which 4.54 M shares are currently shorted by investors with about 1.77 days to cover. Celestica has about 374.5 M in cash with 370.88 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.96.
Check Celestica Probability Of Bankruptcy
Ownership Allocation
Celestica holds a total of 119.26 Million outstanding shares. The majority of Celestica outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Celestica to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Celestica. Please pay attention to any change in the institutional holdings of Celestica as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Celestica Ownership Details

Celestica Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Celestica jumping above the current price in 90 days from now is about 10.71%. The Celestica probability density function shows the probability of Celestica stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.6286 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Celestica will likely underperform. Additionally, celestica has an alpha of 0.3628, implying that it can generate a 0.36 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 45.56HorizonTargetOdds Above 45.56
89.24%90 days
 45.56 
10.71%
Based on a normal probability distribution, the odds of Celestica to move above the current price in 90 days from now is about 10.71 (This Celestica probability density function shows the probability of Celestica Stock to fall within a particular range of prices over 90 days) .

Celestica Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Celestica that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Celestica's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Celestica's value.
InstituionRecorded OnShares
American Century Companies Inc2023-12-31
1.9 M
Morgan Stanley - Brokerage Accounts2023-12-31
1.8 M
Hillsdale Investment Management Inc.2023-12-31
1.7 M
S.a.c. Capital Advisors (hong Kong) Ltd.2023-12-31
1.6 M
Millennium Management Llc2023-12-31
1.5 M
Grantham, Mayo, Van Otterloo & Co., Llc2023-12-31
1.4 M
Dimensional Fund Advisors, Inc.2023-12-31
1.3 M
Donald Smith & Co Inc2023-12-31
1.3 M
Shannon River Fund Management Llc2023-12-31
1.3 M
Connor Clark & Lunn Inv Mgmt Ltd2023-12-31
6.1 M
Letko, Brosseau & Associates Inc.2023-12-31
4.7 M
View Celestica Diagnostics

Celestica Historical Income Statement

Celestica Income Statement is one of the three primary financial statements used for reporting Celestica's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Celestica revenue and expense. Celestica Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Celestica's Interest Expense is comparatively stable compared to the past year. Operating Income is likely to gain to about 426 M in 2024, whereas Selling General Administrative is likely to drop slightly above 268.5 M in 2024. View More Fundamentals

Celestica Stock Against Markets

Picking the right benchmark for Celestica stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Celestica stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Celestica is critical whether you are bullish or bearish towards Celestica at a given time. Please also check how Celestica's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Celestica without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Celestica Corporate Directors

Celestica corporate directors refer to members of a Celestica board of directors. The board of directors generally takes responsibility for the Celestica's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Celestica's board members must vote for the resolution. The Celestica board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Robert CascellaIndependent DirectorProfile
Laurette KoellnerIndependent DirectorProfile
Daniel DiMaggioIndependent DirectorProfile
Thomas GrossDirectorProfile

How to buy Celestica Stock?

Before investing in Celestica, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Celestica. To buy Celestica stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Celestica. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Celestica stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Celestica stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Celestica stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Celestica, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Celestica Stock please use our How to Invest in Celestica guide.

Already Invested in Celestica?

The danger of trading Celestica is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Celestica is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Celestica. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Celestica is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Celestica is a strong investment it is important to analyze Celestica's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Celestica's future performance. For an informed investment choice regarding Celestica Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celestica. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more information on how to buy Celestica Stock please use our How to Invest in Celestica guide.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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When running Celestica's price analysis, check to measure Celestica's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Celestica is operating at the current time. Most of Celestica's value examination focuses on studying past and present price action to predict the probability of Celestica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Celestica's price. Additionally, you may evaluate how the addition of Celestica to your portfolios can decrease your overall portfolio volatility.
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Is Celestica's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Celestica. If investors know Celestica will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Celestica listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.026
Earnings Share
2.03
Revenue Per Share
66.286
Quarterly Revenue Growth
0.048
Return On Assets
0.0405
The market value of Celestica is measured differently than its book value, which is the value of Celestica that is recorded on the company's balance sheet. Investors also form their own opinion of Celestica's value that differs from its market value or its book value, called intrinsic value, which is Celestica's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Celestica's market value can be influenced by many factors that don't directly affect Celestica's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Celestica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Celestica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Celestica's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.