Celestica Inc. (CLS) 10-Year Financial Performance & Capital Metrics

CLS • • Industrial / General

TechnologyTech Hardware & EquipmentElectronic Manufacturing Services (EMS)Contract Electronics Manufacturing

AboutCelestica Inc. provides hardware platform and supply chain solutions in North America, Europe, and Asia. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services. It also provides enterprise-level data communications and information processing infrastructure products, such as routers, switches, data center interconnects, edge solutions, servers, and storage-related products; capacitors, microprocessors, resistors, and memory modules; and power inverters, energy storage products, smart meters, and other electronic componentry products. The company serves aerospace and defense, industrial, energy, healthtech, capital equipment, original equipment manufacturers, cloud-based, and other service providers, including hyperscalers, and other companies in a range of industries. Celestica Inc. was incorporated in 1994 and is headquartered in Toronto, Canada.Show more

Revenue $9.65B +21.2%
EBITDA $751M +60.1%
Net Income $428M +75.1%
EPS (Diluted) 3.61 +77.8%
Gross Margin 10.72% +13.1%
EBITDA Margin 7.79% +32.2%
Operating Margin 6.21% +46.2%
Net Margin 4.44% +44.5%
ROE 23.34% +64.7%
ROIC 20.18% +70.0%
Debt/Equity 0.42 -5.1%
Interest Coverage 11.50 +168.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 43.5%
✓Strong Piotroski F-Score: 9/9
✓Momentum leader: RS Rating 91 (top 9%)
✓Strong 5Y sales CAGR of 10.4%
✓Good 3Y average ROE of 16.3%
✓Efficient asset utilization: 1.6x turnover

✗Weaknesses

✗Expensive at 19.6x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.53%

5Y10.38%

3Y19.63%

TTM21.7%

Profit (Net Income) CAGR

10Y14.74%

5Y43.52%

3Y60.3%

TTM92.18%

EPS CAGR

10Y19.66%

5Y46.77%

3Y63.89%

TTM102.63%

ROCE

10Y Avg9.87%

5Y Avg11.87%

3Y Avg15.26%

Latest21.26%

Peer Comparison

Contract Electronics Manufacturing

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TTMITTM Technologies, Inc.	10.43B	100.90	186.85	9.41%	4.74%	7.75%	0.49%	0.65
CLSCelestica Inc.	36.07B	313.53	86.85	21.17%	6.2%	34.36%	0.84%	0.42
PLXSPlexus Corp.	4.81B	179.73	44.82	-5.93%	4.29%	11.89%	7.1%	0.21
JBLJabil Inc.	26.73B	253.18	42.77	3.18%	2.26%	52.19%	4.38%	2.22
SANMSanmina Corporation	9.52B	174.40	39.10	7.4%	3.03%	9.68%	5.03%	0.12
FLEXFlex Ltd.	24.62B	66.59	31.56	-2.28%	3.33%	17.4%	4.33%	0.83
BHEBenchmark Electronics, Inc.	1.77B	49.53	28.80	-6.44%	1.43%	3.36%	8.83%	0.33
DSWLDeswell Industries, Inc.	54.98M	3.45	4.93	-2.53%	13.76%	18.46%	24.01%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	5.64B	6.05B	6.14B	6.63B	5.89B	5.75B	5.63B	7.25B	7.96B	9.65B
Revenue Growth %	0%	0.07%	0.02%	0.08%	-0.11%	-0.02%	-0.02%	0.29%	0.1%	0.21%
Cost of Goods Sold+	5.25B	5.62B	5.72B	6.2B	5.5B	5.31B	5.15B	6.6B	7.21B	8.61B
COGS % of Revenue	0.93%	0.93%	0.93%	0.94%	0.93%	0.92%	0.91%	0.91%	0.91%	0.89%
Gross Profit+	391.1M	429.6M	418.5M	430.5M	384.7M	437.6M	487M	649.7M	754.1M	1.03B
Gross Margin %	0.07%	0.07%	0.07%	0.06%	0.07%	0.08%	0.09%	0.09%	0.09%	0.11%
Gross Profit Growth %	-0.04%	0.1%	-0.03%	0.03%	-0.11%	0.14%	0.11%	0.33%	0.16%	0.37%
Operating Expenses+	275.7M	270.9M	275.3M	324.2M	235.4M	309.7M	319.3M	360.4M	415.8M	434.4M
OpEx % of Revenue	0.05%	0.04%	0.04%	0.05%	0.04%	0.05%	0.06%	0.05%	0.05%	0.05%
Selling, General & Admin	207.5M	211.1M	205.1M	219M	231.4M	230.7M	245.1M	267.3M	303.2M	293.5M
SG&A % of Revenue	0.04%	0.03%	0.03%	0.03%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%
Research & Development	23.2M	24.9M	26.2M	28.8M	28.4M	29.9M	38.4M	46.3M	60.9M	78M
R&D % of Revenue	0%	0%	0%	0%	0%	0.01%	0.01%	0.01%	0.01%	0.01%
Other Operating Expenses	45M	34.9M	44M	76.4M	-24.4M	49.1M	35.8M	46.8M	51.7M	62.9M
Operating Income+	115.4M	158.7M	143.2M	106.3M	149.3M	127.9M	167.7M	289.3M	338.3M	599.3M
Operating Margin %	0.02%	0.03%	0.02%	0.02%	0.03%	0.02%	0.03%	0.04%	0.04%	0.06%
Operating Income Growth %	-0.1%	0.38%	-0.1%	-0.26%	0.4%	-0.14%	0.31%	0.73%	0.17%	0.77%
EBITDA+	183.7M	234.3M	219.7M	195.4M	284.7M	252.6M	294M	405.2M	469.1M	751.2M
EBITDA Margin %	0.03%	0.04%	0.04%	0.03%	0.05%	0.04%	0.05%	0.06%	0.06%	0.08%
EBITDA Growth %	-0.06%	0.28%	-0.06%	-0.11%	0.46%	-0.11%	0.16%	0.38%	0.16%	0.6%
D&A (Non-Cash Add-back)	68.3M	75.6M	76.5M	89.1M	135.4M	124.7M	126.3M	115.9M	130.8M	151.9M
EBIT	115.4M	173M	143.2M	106.3M	149.3M	127.9M	167.7M	290.8M	384.9M	584.3M
Net Interest Income+	-6.3M	4.3M	-10.1M	-25.6M	-50.65M	-37.7M	-31.42M	-51.7M	-78.9M	-52.1M
Interest Income	0	14.3M	0	0	0	0	0	0	0	0
Interest Expense	6.3M	10M	10.1M	24.4M	50.65M	37.7M	31.42M	51.7M	78.9M	52.1M
Other Income/Expense	-6.3M	4.3M	-10.1M	-24.4M	-49.5M	-37.7M	-31.7M	-50.2M	-32.3M	-67.1M
Pretax Income+	109.1M	163M	133.1M	81.9M	99.8M	90.2M	136M	239.1M	306M	532.2M
Pretax Margin %	0.02%	0.03%	0.02%	0.01%	0.02%	0.02%	0.02%	0.03%	0.04%	0.06%
Income Tax+	42.2M	24.7M	27.6M	-17M	29.5M	29.6M	32.1M	59M	61.6M	104.2M
Effective Tax Rate %	0.61%	0.85%	0.79%	1.21%	0.7%	0.67%	0.76%	0.75%	0.8%	0.8%
Net Income+	66.9M	138.3M	105.5M	98.9M	70.3M	60.6M	103.9M	180.1M	244.4M	428M
Net Margin %	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%	0.02%	0.02%	0.03%	0.04%
Net Income Growth %	-0.38%	1.07%	-0.24%	-0.06%	-0.29%	-0.14%	0.71%	0.73%	0.36%	0.75%
Net Income (Continuing)	66.9M	138.3M	105.5M	98.9M	70.3M	60.6M	103.9M	180.1M	244.4M	428M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.42	0.95	0.72	0.70	0.53	0.47	0.82	1.18	2.03	3.61
EPS Growth %	-0.3%	1.26%	-0.24%	-0.03%	-0.24%	-0.11%	0.74%	0.44%	0.72%	0.78%
EPS (Basic)	0.43	0.96	0.73	0.71	0.54	0.47	0.82	1.18	2.04	3.62
Diluted Shares Outstanding	157.9M	143.9M	145.2M	140.6M	131.8M	129.1M	126.7M	123.6M	120.3M	118.7M
Basic Shares Outstanding	155.8M	141.8M	143.1M	139.4M	131M	129.1M	126.7M	123.5M	120.1M	118.1M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.12B	2.37B	2.48B	2.82B	2.59B	2.74B	3.44B	4.33B	4.51B	4.51B
Cash & Short-Term Investments	545.3M	557.2M	515.2M	422M	479.5M	463.8M	394M	374.5M	370.4M	423.3M
Cash Only	545.3M	557.2M	515.2M	422M	479.5M	463.8M	394M	374.5M	370.4M	423.3M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	681M	1.02B	1.02B	1.21B	1.05B	1.09B	1.26B	1.39B	1.8B	2.08B
Days Sales Outstanding	44.08	61.41	60.83	66.39	65.25	69.43	81.64	70.16	82.33	78.61
Inventory	794.6M	684.4M	824M	1.09B	992.2M	1.09B	1.7B	2.35B	2.1B	1.76B
Days Inventory Outstanding	55.26	44.47	52.54	64.14	65.8	75.02	120.33	129.97	106.57	74.62
Other Current Assets	103.1M	108.2M	113.7M	105M	67.6M	88.5M	84M	208.7M	238M	250.8M
Total Non-Current Assets+	488M	474.7M	487.6M	914.2M	968.7M	926.9M	1.23B	1.3B	1.38B	1.48B
Property, Plant & Equipment	314.6M	302.7M	323.9M	365.3M	459.1M	433.5M	452.5M	510.3M	631.8M	661.6M
Fixed Asset Turnover	17.92x	19.98x	18.96x	18.16x	12.83x	13.26x	12.45x	14.21x	12.60x	14.58x
Goodwill	19.5M	23.2M	23.2M	198.4M	198.3M	198.6M	324.2M	321.8M	321.7M	340.5M
Intangible Assets	41.8M	25.5M	32.1M	293.7M	261M	238.7M	390.9M	353.8M	325.2M	314.6M
Long-Term Investments	0	0	0	0	0	0	0	0	0	9.7M
Other Non-Current Assets	112.1M	123.3M	108.4M	56.8M	50.3M	56.1M	64M	115.1M	101.2M	61.9M
Total Assets+	2.61B	2.84B	2.96B	3.74B	3.56B	3.66B	4.67B	5.63B	5.89B	5.99B
Asset Turnover	2.16x	2.13x	2.07x	1.77x	1.65x	1.57x	1.21x	1.29x	1.35x	1.61x
Asset Growth %	0.01%	0.09%	0.04%	0.26%	-0.05%	0.03%	0.27%	0.21%	0.05%	0.02%
Total Current Liabilities+	1.13B	1.25B	1.27B	1.62B	1.48B	1.58B	2.25B	3.06B	3.22B	3.02B
Accounts Payable	801.4M	876.9M	931.1M	1.13B	898M	854.5M	1.24B	1.44B	1.3B	1.29B
Days Payables Outstanding	55.74	56.98	59.37	66.3	59.56	58.73	87.8	79.68	65.75	54.88
Short-Term Debt	29.1M	56M	26.8M	104.5M	111.2M	67.6M	17M	17.1M	17.4M	26.5M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	72M	51.1M	67.8M	139.7M	250.4M	251.6M	519.6M	939.3M	998.8M	19.9M
Current Ratio	1.87x	1.90x	1.96x	1.74x	1.75x	1.73x	1.52x	1.42x	1.40x	1.49x
Quick Ratio	1.17x	1.35x	1.30x	1.07x	1.08x	1.04x	0.77x	0.65x	0.75x	0.91x
Cash Conversion Cycle	43.61	48.91	54	64.23	71.5	85.72	114.16	120.45	123.16	98.35
Total Non-Current Liabilities+	387.6M	338.4M	327.5M	785.1M	723.2M	676.9M	950.4M	895.1M	899M	1.07B
Long-Term Debt	250.6M	188.7M	159.9M	647.4M	483.5M	412.1M	646.2M	606.6M	589.9M	770.2M
Capital Lease Obligations	0	0	6.6M	7.2M	87.7M	90.5M	104.1M	127.3M	141.8M	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	49.4M
Other Non-Current Liabilities	137M	149.7M	161M	130.5M	152M	174.3M	200.1M	161.2M	167.3M	251.2M
Total Liabilities	1.52B	1.58B	1.59B	2.41B	2.2B	2.26B	3.2B	3.95B	4.12B	4.09B
Total Debt+	279.7M	244.7M	204.4M	762.3M	710.8M	602.4M	801.8M	786.1M	783.8M	796.7M
Net Debt	-265.6M	-312.5M	-310.8M	340.3M	231.3M	138.6M	407.8M	411.6M	413.4M	373.4M
Debt / Equity	0.26x	0.19x	0.15x	0.57x	0.52x	0.43x	0.55x	0.47x	0.44x	0.42x
Debt / EBITDA	1.52x	1.04x	0.93x	3.90x	2.50x	2.38x	2.73x	1.94x	1.67x	1.06x
Net Debt / EBITDA	-1.45x	-1.33x	-1.41x	1.74x	0.81x	0.55x	1.39x	1.02x	0.88x	0.50x
Interest Coverage	18.32x	15.87x	14.18x	4.36x	2.95x	3.39x	5.34x	5.60x	4.29x	11.50x
Total Equity+	1.09B	1.26B	1.37B	1.33B	1.36B	1.41B	1.46B	1.68B	1.77B	1.9B
Equity Growth %	-0.22%	0.15%	0.09%	-0.03%	0.02%	0.04%	0.04%	0.15%	0.06%	0.07%
Book Value per Share	6.91	8.74	9.44	9.48	10.29	10.91	11.55	13.57	14.72	15.97
Total Shareholders' Equity	1.09B	1.26B	1.37B	1.33B	1.36B	1.41B	1.46B	1.68B	1.77B	1.9B
Common Stock	2.09B	2.05B	2.05B	1.95B	1.83B	1.83B	1.76B	1.71B	1.67B	1.63B
Retained Earnings	-1.79B	-1.61B	-1.53B	-1.48B	-1.42B	-1.37B	-1.26B	-1.08B	-851.8M	-423.8M
Treasury Stock	-31.4M	-15.3M	-8.7M	-20.2M	-14.8M	-15.7M	-48.9M	-18.5M	-80.1M	-92.9M
Accumulated OCI	-32.8M	-24.7M	-6.7M	-26.5M	-23.6M	-15.2M	-26.8M	-5.7M	-200K	-17.6M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	196.3M	173.3M	127M	33.1M	345M	239.6M	226.8M	211.1M	326.2M	473.9M
Operating CF Margin %	0.03%	0.03%	0.02%	0%	0.06%	0.04%	0.04%	0.03%	0.04%	0.05%
Operating CF Growth %	-0.19%	-0.12%	-0.27%	-0.74%	9.42%	-0.31%	-0.05%	-0.07%	0.55%	0.45%
Net Income	66.9M	136.3M	105M	98.9M	70.3M	60.6M	103.9M	180.1M	244.4M	428M
Depreciation & Amortization	68.3M	75.6M	76.5M	89.1M	135.4M	124.7M	126.3M	115.9M	130.8M	151.9M
Stock-Based Compensation	37.6M	33M	30.1M	33.4M	34.1M	25.8M	33.4M	51M	55.6M	57.4M
Deferred Taxes	42.2M	24.7M	27.4M	-17M	29.5M	29.6M	32.1M	-27.9M	-3.6M	-31.9M
Other Non-Cash Items	-22.6M	27.7M	-16.6M	-26.5M	-33.4M	22.4M	10M	-37.7M	-39.9M	-60.8M
Working Capital Changes	3.9M	-124M	-95.4M	-144.8M	109.1M	-23.5M	-78.9M	-70.3M	-61.1M	-70.7M
Change in Receivables	12.5M	-104.6M	25.7M	-155.4M	153.7M	-40.7M	-102.4M	-133.3M	-402.2M	-270.7M
Change in Inventory	-75.6M	-89.5M	-171.2M	-224M	97.7M	-99.3M	-521.9M	-717.2M	245.1M	343.7M
Change in Payables	28.8M	75.4M	52.1M	227M	-158.8M	117M	556.9M	831.4M	87.4M	-188.8M
Cash from Investing+	-75.3M	-64M	-89.3M	-545.6M	38.7M	-51M	-364.3M	-108.9M	-122.4M	-212.5M
Capital Expenditures	0	0	0	0	0	-52.8M	-52.2M	-109M	-125.1M	-170.9M
CapEx % of Revenue	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-75.3M	-49.1M	-89.3M	-78.5M	36M	1.8M	2.6M	100K	2.7M	-5.5M
Cash from Financing+	-140.7M	-97.4M	-79.7M	419.3M	-326.2M	-204.3M	67.7M	-121.7M	-207.9M	-208.5M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-7.8M	-9.5M	-10.2M	-36M	-55.7M	-48.6M	-46.6M	-45.7M	-144.4M	-183M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	133.5M	109.2M	24.4M	-49.1M	264.5M	186.8M	174.6M	102.1M	201.1M	303M
FCF Margin %	0.02%	0.02%	0%	-0.01%	0.04%	0.03%	0.03%	0.01%	0.03%	0.03%
FCF Growth %	-0.26%	-0.18%	-0.78%	-3.01%	6.39%	-0.29%	-0.07%	-0.42%	0.97%	0.51%
FCF per Share	0.85	0.76	0.17	-0.35	2.01	1.45	1.38	0.83	1.67	2.55
FCF Conversion (FCF/Net Income)	2.93x	1.25x	1.20x	0.33x	4.91x	3.95x	2.18x	1.17x	1.33x	1.11x
Interest Paid	0	0	0	0	0	0	0	52.9M	68.8M	52.9M
Taxes Paid	0	0	0	0	0	0	0	65.1M	78.4M	106.3M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.38%	11.78%	8.03%	7.32%	5.23%	4.38%	7.24%	11.47%	14.17%	23.34%
Return on Invested Capital (ROIC)	10.46%	13.44%	10.71%	5.84%	6.87%	6.12%	7.36%	10.96%	11.87%	20.18%
Gross Margin	6.94%	7.1%	6.81%	6.49%	6.53%	7.61%	8.64%	8.96%	9.47%	10.72%
Net Margin	1.19%	2.29%	1.72%	1.49%	1.19%	1.05%	1.84%	2.48%	3.07%	4.44%
Debt / Equity	0.26x	0.19x	0.15x	0.57x	0.52x	0.43x	0.55x	0.47x	0.44x	0.42x
Interest Coverage	18.32x	15.87x	14.18x	4.36x	2.95x	3.39x	5.34x	5.60x	4.29x	11.50x
FCF Conversion	2.93x	1.25x	1.20x	0.33x	4.91x	3.95x	2.18x	1.17x	1.33x	1.11x
Revenue Growth	0.14%	7.22%	1.59%	7.99%	-11.23%	-2.38%	-1.97%	28.67%	9.81%	21.17%

Revenue by Segment

	2024
ATS	3.16B
ATS Growth	-

Frequently Asked Questions

Valuation & Price

Celestica Inc. (CLS) has a price-to-earnings (P/E) ratio of 86.9x. This suggests investors expect higher future growth.

Growth & Financials

Celestica Inc. (CLS) reported $11.25B in revenue for fiscal year 2024. This represents a 56% increase from $7.21B in 2011.

Celestica Inc. (CLS) grew revenue by 21.2% over the past year. This is strong growth.

Yes, Celestica Inc. (CLS) is profitable, generating $697.0M in net income for fiscal year 2024 (4.4% net margin).

Dividend & Returns

Celestica Inc. (CLS) has a return on equity (ROE) of 23.3%. This is excellent, indicating efficient use of shareholder capital.

Celestica Inc. (CLS) generated $328.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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