Recent News
Sep 15, 2025: Celestica announced a Q3 2025 results conference call and a 2025 Investor and Analyst Day to occur on Oct 28. Oct 28–29, 2025: several broker-dealer updates revised one-year price targets for Celestica, reflecting elevated analyst attention and divergent target ranges. Late Oct–Nov 2025: multiple outlets noted expanding analyst coverage and upward target revisions following the company’s investor presentations and guidance updates.
Technical Analysis
Directional indicators (ADX/DI+/DI-): ADX at 14.72 signals no established trend; directional indicators present conflicting signals: DI+ at 26.8 with a peak & reversal, which reads as bearish, while DI- at 24.68 with a peak & reversal reads as bullish. That combination suggests directional strength lacks conviction and near-term directional flips remain possible.
MACD: MACD sits at 7.13 with a dip & reversal trend, which denotes returning bullish momentum, yet the MACD line remains below the signal line at 7.59 so a confirming bullish cross has not occurred; the current pattern supports upside potential but lacks a technical confirmation.
MRO (Momentum/Regression Oscillator): MRO at 27.29 sits positive, indicating price above target and an elevated probability of downward mean reversion; the MRO’s dip & reversal trend suggests recent compression from higher extremes, raising the risk of a pullback toward intrinsic benchmarks used in valuation.
RSI: RSI at 59.1 with a dip & reversal trend reads as bullish momentum without overbought conditions; RSI supports continuation of recent strength while leaving room before extreme readings.
Price vs. moving averages & bands: Last close $340.76 exceeds the 20-day average $315.81, 50-day average $297.60 and 200-day average $181.48, indicating strong price extension versus short- and long-term averages. Price trades slightly above the 1x upper Bollinger band ($337.53), implying near-term over-extension relative to recent volatility.
Volume and volatility: Daily volume at 2.07M sits below the 10-day average of 2.64M and below 50/200-day averages, suggesting recent advances lack conviction from higher average volume. Short-term beta at 3.73 signals elevated sensitivity to market moves and higher swing risk over the next weeks.
Fundamental Analysis
Profitability and margins: EBIT reached $323.7M and EBITDA $364.0M, with an EBIT margin of 10.14%. That margin increased QoQ by 8.29% and expanded YoY by 83.17%. The company’s EBIT margin falls below the industry peer mean of 18.3%, indicating room to catch up to peer operating leverage despite strong sequential improvement.
Revenue and earnings: Total revenue totaled $3.194B with revenue growth at 10.39% and revenue growth year‑over‑year at 130.92%. GAAP EPS registered $2.31 against an estimate of $1.38, a beat of $0.93 representing a 67.39% surprise, supporting the recent upward revisions in near-term guidance.
Cash flow and capital allocation: Operating cash flow reached $126.2M and free cash flow $88.9M, producing a free cash flow yield of 0.34%. Free cash flow declined on reported growth metrics, and free cash flow yield sits well below levels that align with richly priced multiples, signaling limited cash return relative to current market capitalization.
Leverage and coverage: Total debt $784.1M yields a debt-to-EBITDA of 2.15x and debt-to-equity of 0.39. Interest coverage at 25.29x exceeds the industry peer mean of 12.59x, providing ample capacity to service obligations while supporting margin expansion initiatives.
Efficiency and returns: Asset turnover 0.497, above the industry peer mean of 0.183, and return on equity at 13.20% sits well above peer mean of 5.315%, indicating operational efficiency and effective capital deployment despite lower EBIT margin versus peers.
Valuation summary: WMDST values the stock as over-valued. Market multiples present elevated readings: trailing P/E ~99.8x, price-to-book ~13.08x, enterprise multiple ~74.18x and forward P/E ~183.6x, while free cash flow yield remains near 0.34%. Those valuation metrics create a premium that requires sustained margin expansion and cash flow conversion to justify current pricing.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-10-27 |
| NEXT REPORT DATE: | 2026-01-26 |
| CASH FLOW | Begin Period Cash Flow | $ 313.8 M |
| Operating Cash Flow | $ 126.2 M | |
| Capital Expenditures | $ -37.30 M | |
| Change In Working Capital | $ -92.40 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -7.90 M | |
| End Period Cash Flow | $ 305.9 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 3.2 B | |
| Forward Revenue | $ 381.6 M | |
| COSTS | ||
| Cost Of Revenue | $ 2.8 B | |
| Depreciation | $ 28.9 M | |
| Depreciation and Amortization | $ 40.3 M | |
| Research and Development | $ 36.4 M | |
| Total Operating Expenses | $ 2.9 B | |
| PROFITABILITY | ||
| Gross Profit | $ 416.1 M | |
| EBITDA | $ 364.0 M | |
| EBIT | $ 323.7 M | |
| Operating Income | $ 329.9 M | |
| Interest Income | — | |
| Interest Expense | $ 12.8 M | |
| Net Interest Income | $ -12.80 M | |
| Income Before Tax | $ 310.9 M | |
| Tax Provision | $ 43.1 M | |
| Tax Rate | 14.0 % | |
| Net Income | $ 267.8 M | |
| Net Income From Continuing Operations | $ 267.8 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.38 | |
| EPS Actual | $ 2.31 | |
| EPS Difference | $ 0.93 | |
| EPS Surprise | 67.391 % | |
| Forward EPS | $ 1.11 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 6.6 B | |
| Intangible Assets | $ 616.1 M | |
| Net Tangible Assets | $ 1.4 B | |
| Total Current Assets | $ 5.1 B | |
| Cash and Short-Term Investments | $ 305.9 M | |
| Cash | $ 305.9 M | |
| Net Receivables | $ 2.4 B | |
| Inventory | $ 2.0 B | |
| Long-Term Investments | $ 71.9 M | |
| LIABILITIES | ||
| Accounts Payable | $ 1.7 B | |
| Short-Term Debt | $ 27.4 M | |
| Total Current Liabilities | $ 3.5 B | |
| Net Debt | $ 478.2 M | |
| Total Debt | $ 784.1 M | |
| Total Liabilities | $ 4.6 B | |
| EQUITY | ||
| Total Equity | $ 2.0 B | |
| Retained Earnings | $ 141.2 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 17.63 | |
| Shares Outstanding | 115.033 M | |
| Revenue Per-Share | $ 27.77 | |
| VALUATION | Market Capitalization | $ 26.5 B |
| Enterprise Value | $ 27.0 B | |
| Enterprise Multiple | 74.183 | |
| Enterprise Multiple QoQ | 16.556 % | |
| Enterprise Multiple YoY | 137.247 % | |
| Enterprise Multiple IPRWA | high: 230.414 median: 74.716 CLS: 74.183 mean: 58.297 low: -236.709 |
|
| EV/R | 8.454 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.257 | |
| Asset To Liability | 1.443 | |
| Debt To Capital | 0.279 | |
| Debt To Assets | 0.119 | |
| Debt To Assets QoQ | -15.368 % | |
| Debt To Assets YoY | 1118.48 % | |
| Debt To Assets IPRWA | high: 0.788 median: 0.293 mean: 0.238 CLS: 0.119 low: 0.002 |
|
| Debt To Equity | 0.387 | |
| Debt To Equity QoQ | -22.365 % | |
| Debt To Equity YoY | 1118.921 % | |
| Debt To Equity IPRWA | high: 1.475 median: 0.63 mean: 0.481 CLS: 0.387 low: -0.674 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 13.075 | |
| Price To Book QoQ | 17.528 % | |
| Price To Book YoY | 286.262 % | |
| Price To Book IPRWA | high: 14.439 CLS: 13.075 mean: 6.85 median: 5.079 low: -8.049 |
|
| Price To Earnings (P/E) | 99.818 | |
| Price To Earnings QoQ | 34.204 % | |
| Price To Earnings YoY | 96.169 % | |
| Price To Earnings IPRWA | high: 383.521 median: 124.306 mean: 100.52 CLS: 99.818 low: -251.079 |
|
| PE/G Ratio | 3.708 | |
| Price To Sales (P/S) | 8.304 | |
| Price To Sales QoQ | 22.861 % | |
| Price To Sales YoY | 236.973 % | |
| Price To Sales IPRWA | high: 84.038 median: 21.019 mean: 18.433 CLS: 8.304 low: 0.0 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 183.596 | |
| Forward PE/G | 6.819 | |
| Forward P/S | 69.512 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.88 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.497 | |
| Asset Turnover Ratio QoQ | 3.758 % | |
| Asset Turnover Ratio YoY | 17.458 % | |
| Asset Turnover Ratio IPRWA | high: 0.503 CLS: 0.497 median: 0.204 mean: 0.183 low: 0.001 |
|
| Receivables Turnover | 1.351 | |
| Receivables Turnover Ratio QoQ | 3.304 % | |
| Receivables Turnover Ratio YoY | 5.527 % | |
| Receivables Turnover Ratio IPRWA | high: 3.347 mean: 1.466 median: 1.405 CLS: 1.351 low: 0.271 |
|
| Inventory Turnover | 1.401 | |
| Inventory Turnover Ratio QoQ | 2.951 % | |
| Inventory Turnover Ratio YoY | 15.094 % | |
| Inventory Turnover Ratio IPRWA | high: 2.365 CLS: 1.401 median: 1.192 mean: 1.019 low: 0.134 |
|
| Days Sales Outstanding (DSO) | 67.525 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 80.002 | |
| Cash Conversion Cycle Days QoQ | -4.585 % | |
| Cash Conversion Cycle Days YoY | -12.044 % | |
| Cash Conversion Cycle Days IPRWA | high: 384.751 mean: 118.075 median: 85.242 CLS: 80.002 low: -90.357 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.947 | |
| CapEx To Revenue | -0.012 | |
| CapEx To Depreciation | -1.291 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.8 B | |
| Net Invested Capital | $ 2.8 B | |
| Invested Capital | $ 2.8 B | |
| Net Tangible Assets | $ 1.4 B | |
| Net Working Capital | $ 1.6 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.087 | |
| Current Ratio | 1.468 | |
| Current Ratio QoQ | 2.207 % | |
| Current Ratio YoY | -0.211 % | |
| Current Ratio IPRWA | high: 11.805 mean: 2.73 median: 2.07 CLS: 1.468 low: 0.373 |
|
| Quick Ratio | 0.884 | |
| Quick Ratio QoQ | 2.901 % | |
| Quick Ratio YoY | 1.64 % | |
| Quick Ratio IPRWA | high: 9.468 mean: 2.204 median: 1.518 CLS: 0.884 low: 0.295 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 2.154 | |
| Cost Of Debt | 1.327 % | |
| Interest Coverage Ratio | 25.289 | |
| Interest Coverage Ratio QoQ | 26.072 % | |
| Interest Coverage Ratio YoY | 135.885 % | |
| Interest Coverage Ratio IPRWA | high: 88.732 CLS: 25.289 median: 14.249 mean: 12.59 low: -113.26 |
|
| Operating Cash Flow Ratio | 0.032 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 59.238 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 5.858 % | |
| Revenue Growth | 10.389 % | |
| Revenue Growth QoQ | 12.399 % | |
| Revenue Growth YoY | 130.918 % | |
| Revenue Growth IPRWA | high: 79.411 % CLS: 10.389 % median: 6.793 % mean: 6.072 % low: -44.732 % |
|
| Earnings Growth | 26.923 % | |
| Earnings Growth QoQ | -47.891 % | |
| Earnings Growth YoY | 88.457 % | |
| Earnings Growth IPRWA | high: 164.706 % CLS: 26.923 % median: 14.815 % mean: 7.421 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 13.028 % | |
| Gross Margin QoQ | 1.607 % | |
| Gross Margin YoY | 25.68 % | |
| Gross Margin IPRWA | high: 97.907 % mean: 42.957 % median: 38.088 % CLS: 13.028 % low: -43.101 % |
|
| EBIT Margin | 10.135 % | |
| EBIT Margin QoQ | 8.291 % | |
| EBIT Margin YoY | 83.174 % | |
| EBIT Margin IPRWA | high: 44.499 % median: 19.896 % mean: 18.3 % CLS: 10.135 % low: -228.471 % |
|
| Return On Sales (ROS) | 10.329 % | |
| Return On Sales QoQ | 4.133 % | |
| Return On Sales YoY | 86.68 % | |
| Return On Sales IPRWA | high: 44.617 % median: 18.276 % mean: 17.814 % CLS: 10.329 % low: -228.471 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 88.9 M | |
| Free Cash Flow Yield | 0.335 % | |
| Free Cash Flow Yield QoQ | -45.351 % | |
| Free Cash Flow Yield YoY | -79.115 % | |
| Free Cash Flow Yield IPRWA | high: 2.804 % median: 0.858 % mean: 0.445 % CLS: 0.335 % low: -13.716 % |
|
| Free Cash Growth | -25.855 % | |
| Free Cash Growth QoQ | -192.017 % | |
| Free Cash Growth YoY | -276.883 % | |
| Free Cash Growth IPRWA | high: 288.449 % median: 8.386 % mean: -18.854 % CLS: -25.855 % low: -351.784 % |
|
| Free Cash To Net Income | 0.332 | |
| Cash Flow Margin | 3.525 % | |
| Cash Flow To Earnings | 0.42 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 4.169 % | |
| Return On Assets QoQ | 19.285 % | |
| Return On Assets YoY | 168.448 % | |
| Return On Assets IPRWA | high: 6.668 % CLS: 4.169 % mean: 2.468 % median: 1.803 % low: -24.617 % |
|
| Return On Capital Employed (ROCE) | 10.427 % | |
| Return On Equity (ROE) | 0.132 | |
| Return On Equity QoQ | 9.981 % | |
| Return On Equity YoY | 161.977 % | |
| Return On Equity IPRWA | high: 0.282 CLS: 0.132 mean: 0.053 median: 0.047 low: -0.264 |
|
| DuPont ROE | 14.144 % | |
| Return On Invested Capital (ROIC) | 9.897 % | |
| Return On Invested Capital QoQ | 17.346 % | |
| Return On Invested Capital YoY | -133.409 % | |
| Return On Invested Capital IPRWA | CLS: 9.897 % high: 6.396 % mean: 3.095 % median: 2.823 % low: -14.977 % |
|