Recent News
On July 6, 2026 Celestica announced the appointment of Steven Dorwart as President, Connectivity and Cloud Solutions, effective July 6. Investment media published a sector note naming Celestica among top supply-chain technology picks in mid-July. Celestica also appears on the AMD Advancing AI agenda for July 23, highlighting its work on scale-up switching tied to AMD’s Helios rack-scale AI platform.
Technical Analysis
ADX stands at 15.6 — no trend — indicating consolidation rather than a clear directional move; that structural calm supports the intro’s stabilization thesis while leaving upside contingent on conviction drivers.
DI+ shows dip & reversal and DI- shows peak & reversal; both patterns read as bullish by indicator rules, but DI- remains higher than DI+, implying bullish reversal signals face residual bearish dominance and therefore limited follow-through unless momentum confirms.
MACD records -11.94 with MACD_trend dip & reversal while the signal line sits at -10.34; the MACD’s dip-and-reversal denotes improving momentum, yet MACD remains below its signal line, so momentum lacks a confirmed bullish crossover and therefore constrains upside relative to valuation expectations.
MRO equals -4.1 with MRO_trend dip & reversal; a negative MRO indicates the price sits below WMDST’s target and implies potential for upward mean reversion, aligning with the observed technical stabilizing signals but offering a moderate—not extreme—price-adjustment potential.
RSI at 47.16 with RSI_trend dip & reversal signals neutral-range recovery rather than overbought strength; this supports a near-term trading range until volume or a decisive momentum crossover validates stronger direction.
Price sits at $335.50, above the 200-day average ($324.16) but below the 50-day average ($365.08) and the super-trend upper band ($351.73); being above the longer-term average yet beneath shorter-term averages matches a consolidation-with-upside-bias profile while valuation remains a cap on sustained gains.
Bollinger bands place the 1× upper at $359.14 and 1× lower at $315.07; current price trading inside these bands and below the 20-day average ($337.10) suggests mean-reversion dynamics dominate short moves. Volume runs below 10-, 50- and 200-day averages, indicating limited conviction behind recent price moves; high 42-day and 52-week betas (3.35 and 3.04) project potential for outsized moves when conviction returns.
Fundamental Analysis
Revenue totaled $4,047,000,000 with YoY revenue growth of 165.41% and QoQ revenue change of -25.66%; the very strong YoY expansion reflects large-scale contract or timing effects, while the QoQ decline signals seasonality or lumpy project deliveries that keep near-term topline visibility choppy.
EBIT stood at $272,300,000, giving an EBIT margin of 6.73%; this margin sits below the industry peer mean of 15.75% and below the industry peer median of 14.99%, indicating operating profitability underperforms typical peer outcomes even as YoY EBIT margin improved by 39.88%.
Net income reached $212,300,000 and EPS came in at $2.16 versus an estimate of $2.08, an EPS beat of $0.08 or +3.85%. Forward EPS equals $3.77, producing a forward PE of 83.99; the reported trailing PE of 147.36 sits above the industry peer mean of 135.68, while P/B at 17.44 stands meaningfully above the industry peer mean of 7.91—both multiples indicate stretched market pricing relative to peers despite recent earnings beat.
Free cash flow totaled $126,800,000 with a free cash flow yield of 0.35% (above the industry peer mean of 0.25%), but free cash flow year-over-year fell by 61.34% and QoQ declined 23.45%, weakening cash-generation momentum and highlighting a contrast between reported earnings and cash conversion trends.
Liquidity ratios show current ratio 1.26 and quick ratio 0.73, both below the industry peer means (current ratio mean 2.55; quick ratio mean 1.97), reflecting tighter short-term liquidity versus peers. The cash conversion cycle runs 64.13 days, shorter than the industry peer mean of 102.47 days, indicating relatively efficient working-capital turns despite heavier receivables and inventory levels.
Leverage remains modest: debt-to-assets 9.35% and debt-to-EBITDA ~2.48x; debt-to-assets sits well below the industry peer mean of 28.34%, supporting financial flexibility even as capital expenditures and capex-to-revenue carry negative signs in the current period.
Returns measure positively: return on equity 10.12% exceeds the industry peer mean of 4.32%, and return on invested capital improved YoY; these operational returns help justify a premium but do not fully offset stretched valuation multiples. WMDST values the stock as over-valued, a view anchored by elevated PE/PB multiples and compressed recent cash-flow trends despite revenue acceleration and above-peer ROE.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-27 |
| NEXT REPORT DATE: | 2026-07-27 |
| CASH FLOW | Begin Period Cash Flow | $ 595.6 M |
| Operating Cash Flow | $ 356.3 M | |
| Capital Expenditures | $ -229.50 M | |
| Change In Working Capital | $ 87.0 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -217.60 M | |
| End Period Cash Flow | $ 378.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 4.0 B | |
| Forward Revenue | $ 2.1 B | |
| COSTS | ||
| Cost Of Revenue | $ 3.6 B | |
| Depreciation | $ 28.7 M | |
| Depreciation and Amortization | $ 39.6 M | |
| Research and Development | $ 41.2 M | |
| Total Operating Expenses | $ 3.8 B | |
| PROFITABILITY | ||
| Gross Profit | $ 437.2 M | |
| EBITDA | $ 311.9 M | |
| EBIT | $ 272.3 M | |
| Operating Income | $ 267.7 M | |
| Interest Income | — | |
| Interest Expense | $ 16.0 M | |
| Net Interest Income | $ -16.00 M | |
| Income Before Tax | $ 256.3 M | |
| Tax Provision | $ 44.0 M | |
| Tax Rate | 17.167 % | |
| Net Income | $ 212.3 M | |
| Net Income From Continuing Operations | $ 212.3 M | |
| EARNINGS | ||
| EPS Estimate | $ 2.08 | |
| EPS Actual | $ 2.16 | |
| EPS Difference | $ 0.08 | |
| EPS Surprise | 3.846 % | |
| Forward EPS | $ 3.77 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 8.3 B | |
| Intangible Assets | $ 588.6 M | |
| Net Tangible Assets | $ 1.5 B | |
| Total Current Assets | $ 6.4 B | |
| Cash and Short-Term Investments | $ 378.0 M | |
| Cash | $ 378.0 M | |
| Net Receivables | $ 3.2 B | |
| Inventory | $ 2.7 B | |
| Long-Term Investments | $ 231.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 3.1 B | |
| Short-Term Debt | $ 25.9 M | |
| Total Current Liabilities | $ 5.1 B | |
| Net Debt | $ 394.4 M | |
| Total Debt | $ 772.4 M | |
| Total Liabilities | $ 6.2 B | |
| EQUITY | ||
| Total Equity | $ 2.1 B | |
| Retained Earnings | $ 513.2 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 18.25 | |
| Shares Outstanding | 114.969 M | |
| Revenue Per-Share | $ 35.20 | |
| VALUATION | Market Capitalization | $ 36.6 B |
| Enterprise Value | $ 37.0 B | |
| Enterprise Multiple | 118.594 | |
| Enterprise Multiple QoQ | 25.46 % | |
| Enterprise Multiple YoY | 76.075 % | |
| Enterprise Multiple IPRWA | high: 364.265 CLS: 118.594 mean: 94.081 median: 79.445 low: -215.509 |
|
| EV/R | 9.14 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.937 | |
| Asset To Liability | 1.341 | |
| Debt To Capital | 0.269 | |
| Debt To Assets | 0.094 | |
| Debt To Assets QoQ | -13.135 % | |
| Debt To Assets YoY | -42.06 % | |
| Debt To Assets IPRWA | high: 0.98 median: 0.318 mean: 0.284 CLS: 0.094 low: 0.001 |
|
| Debt To Equity | 0.368 | |
| Debt To Equity QoQ | 5.072 % | |
| Debt To Equity YoY | -39.141 % | |
| Debt To Equity IPRWA | high: 2.759 median: 0.821 mean: 0.73 CLS: 0.368 low: -0.773 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 17.441 | |
| Price To Book QoQ | 12.131 % | |
| Price To Book YoY | 159.551 % | |
| Price To Book IPRWA | high: 17.798 CLS: 17.441 median: 9.099 mean: 7.914 low: -2.416 |
|
| Price To Earnings (P/E) | 147.362 | |
| Price To Earnings QoQ | -7.164 % | |
| Price To Earnings YoY | 95.407 % | |
| Price To Earnings IPRWA | high: 474.071 CLS: 147.362 mean: 135.675 median: 131.744 low: -220.021 |
|
| PE/G Ratio | 10.315 | |
| Price To Sales (P/S) | 9.043 | |
| Price To Sales QoQ | -4.129 % | |
| Price To Sales YoY | 128.939 % | |
| Price To Sales IPRWA | high: 99.122 mean: 22.628 median: 22.531 CLS: 9.043 low: 0.0 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 83.991 | |
| Forward PE/G | 5.879 | |
| Forward P/S | 19.663 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -1.235 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.523 | |
| Asset Turnover Ratio QoQ | -1.104 % | |
| Asset Turnover Ratio YoY | 16.753 % | |
| Asset Turnover Ratio IPRWA | high: 0.534 CLS: 0.523 mean: 0.167 median: 0.153 low: 0.001 |
|
| Receivables Turnover | 1.394 | |
| Receivables Turnover Ratio QoQ | -3.158 % | |
| Receivables Turnover Ratio YoY | 10.671 % | |
| Receivables Turnover Ratio IPRWA | high: 2.612 mean: 1.455 median: 1.439 CLS: 1.394 low: 0.528 |
|
| Inventory Turnover | 1.485 | |
| Inventory Turnover Ratio QoQ | -2.391 % | |
| Inventory Turnover Ratio YoY | 10.982 % | |
| Inventory Turnover Ratio IPRWA | high: 2.973 CLS: 1.485 median: 1.009 mean: 1.0 low: 0.128 |
|
| Days Sales Outstanding (DSO) | 65.45 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 64.132 | |
| Cash Conversion Cycle Days QoQ | -14.143 % | |
| Cash Conversion Cycle Days YoY | -28.866 % | |
| Cash Conversion Cycle Days IPRWA | high: 308.893 mean: 102.47 median: 91.076 CLS: 64.132 low: -44.852 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 3.075 | |
| CapEx To Revenue | -0.057 | |
| CapEx To Depreciation | -7.997 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.8 B | |
| Net Invested Capital | $ 2.9 B | |
| Invested Capital | $ 2.9 B | |
| Net Tangible Assets | $ 1.5 B | |
| Net Working Capital | $ 1.3 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.074 | |
| Current Ratio | 1.259 | |
| Current Ratio QoQ | -12.566 % | |
| Current Ratio YoY | -12.133 % | |
| Current Ratio IPRWA | high: 14.867 mean: 2.548 median: 1.714 CLS: 1.259 low: 0.37 |
|
| Quick Ratio | 0.733 | |
| Quick Ratio QoQ | -17.146 % | |
| Quick Ratio YoY | -13.505 % | |
| Quick Ratio IPRWA | high: 13.913 mean: 1.97 median: 1.259 CLS: 0.733 low: 0.247 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 2.476 | |
| Cost Of Debt | 1.711 % | |
| Interest Coverage Ratio | 17.019 | |
| Interest Coverage Ratio QoQ | -31.686 % | |
| Interest Coverage Ratio YoY | 83.012 % | |
| Interest Coverage Ratio IPRWA | high: 69.571 CLS: 17.019 mean: 8.681 median: 7.828 low: -197.838 |
|
| Operating Cash Flow Ratio | 0.09 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 70.155 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 14.514 % | |
| Revenue Growth | 10.728 % | |
| Revenue Growth QoQ | -25.655 % | |
| Revenue Growth YoY | 165.413 % | |
| Revenue Growth IPRWA | high: 25.82 % CLS: 10.728 % median: 6.38 % mean: 6.359 % low: -56.837 % |
|
| Earnings Growth | 14.286 % | |
| Earnings Growth QoQ | -178.572 % | |
| Earnings Growth YoY | 76.196 % | |
| Earnings Growth IPRWA | high: 58.333 % CLS: 14.286 % median: 9.278 % mean: 1.284 % low: -186.111 % |
|
| MARGINS | ||
| Gross Margin | 10.803 % | |
| Gross Margin QoQ | -8.835 % | |
| Gross Margin YoY | 4.468 % | |
| Gross Margin IPRWA | high: 99.349 % mean: 39.408 % median: 36.873 % CLS: 10.803 % low: -36.179 % |
|
| EBIT Margin | 6.728 % | |
| EBIT Margin QoQ | -21.658 % | |
| EBIT Margin YoY | 39.875 % | |
| EBIT Margin IPRWA | high: 48.781 % mean: 15.745 % median: 14.986 % CLS: 6.728 % low: -233.527 % |
|
| Return On Sales (ROS) | 6.615 % | |
| Return On Sales QoQ | -24.633 % | |
| Return On Sales YoY | 37.526 % | |
| Return On Sales IPRWA | high: 40.821 % mean: 16.159 % median: 15.42 % CLS: 6.615 % low: -176.472 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 126.8 M | |
| Free Cash Flow Yield | 0.346 % | |
| Free Cash Flow Yield QoQ | -23.451 % | |
| Free Cash Flow Yield YoY | -61.341 % | |
| Free Cash Flow Yield IPRWA | high: 5.592 % median: 0.483 % CLS: 0.346 % mean: 0.248 % low: -18.584 % |
|
| Free Cash Growth | -18.666 % | |
| Free Cash Growth QoQ | -124.767 % | |
| Free Cash Growth YoY | -107.686 % | |
| Free Cash Growth IPRWA | high: 300.72 % mean: -9.804 % CLS: -18.666 % median: -43.487 % low: -399.154 % |
|
| Free Cash To Net Income | 0.597 | |
| Cash Flow Margin | 11.354 % | |
| Cash Flow To Earnings | 2.164 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.744 % | |
| Return On Assets QoQ | -29.114 % | |
| Return On Assets YoY | 88.203 % | |
| Return On Assets IPRWA | high: 12.143 % CLS: 2.744 % median: 2.381 % mean: 1.92 % low: -18.029 % |
|
| Return On Capital Employed (ROCE) | 8.565 % | |
| Return On Equity (ROE) | 0.101 | |
| Return On Equity QoQ | -16.172 % | |
| Return On Equity YoY | 82.734 % | |
| Return On Equity IPRWA | high: 0.162 CLS: 0.101 mean: 0.043 median: 0.04 low: -0.303 |
|
| DuPont ROE | 9.841 % | |
| Return On Invested Capital (ROIC) | 7.857 % | |
| Return On Invested Capital QoQ | -15.625 % | |
| Return On Invested Capital YoY | 102.761 % | |
| Return On Invested Capital IPRWA | CLS: 7.857 % high: 7.335 % mean: 2.437 % median: 2.304 % low: -10.75 % |
|