Celestica Stock Fundamentals
CLS Stock | USD 45.56 0.81 1.75% |
Celestica fundamentals help investors to digest information that contributes to Celestica's financial success or failures. It also enables traders to predict the movement of Celestica Stock. The fundamental analysis module provides a way to measure Celestica's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Celestica stock.
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. Celestica | Select Account or Indicator |
Celestica Price To Earning Analysis
Celestica's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Celestica Price To Earning | 19.74 X |
Most of Celestica's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Celestica is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Celestica Retained Earnings
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Based on the latest financial disclosure, Celestica has a Price To Earning of 19.74 times. This is 28.68% lower than that of the Electronic Equipment, Instruments & Components sector and 12.46% lower than that of the Information Technology industry. The price to earning for all United States stocks is 31.27% higher than that of the company.
Celestica Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Celestica's current stock value. Our valuation model uses many indicators to compare Celestica value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Celestica competition to find correlations between indicators driving Celestica's intrinsic value. More Info.Celestica is number one stock in current ratio category among related companies. It is the top company in revenue category among related companies totaling about 5,669,227,487 of Revenue per Current Ratio. At this time, Celestica's Current Ratio is comparatively stable compared to the past year.. Comparative valuation analysis is a catch-all model that can be used if you cannot value Celestica by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Celestica's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Celestica's earnings, one of the primary drivers of an investment's value.Celestica Current Liabilities Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Celestica's direct or indirect competition against its Current Liabilities to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Celestica could also be used in its relative valuation, which is a method of valuing Celestica by comparing valuation metrics of similar companies.Celestica is currently under evaluation in current liabilities category among related companies.
Celestica Fundamentals
Return On Equity | 0.14 | ||||
Return On Asset | 0.0405 | ||||
Profit Margin | 0.03 % | ||||
Operating Margin | 0.04 % | ||||
Current Valuation | 5.84 B | ||||
Shares Outstanding | 119.26 M | ||||
Shares Owned By Insiders | 0.99 % | ||||
Shares Owned By Institutions | 76.18 % | ||||
Number Of Shares Shorted | 4.54 M | ||||
Price To Earning | 19.74 X | ||||
Price To Book | 3.07 X | ||||
Price To Sales | 0.68 X | ||||
Revenue | 8.11 B | ||||
Gross Profit | 640.3 M | ||||
EBITDA | 569.05 M | ||||
Net Income | 249.09 M | ||||
Cash And Equivalents | 374.5 M | ||||
Cash Per Share | 2.96 X | ||||
Total Debt | 778.79 M | ||||
Debt To Equity | 0.50 % | ||||
Current Ratio | 1.43 X | ||||
Book Value Per Share | 14.87 X | ||||
Cash Flow From Operations | 370.88 M | ||||
Short Ratio | 1.77 X | ||||
Earnings Per Share | 2.03 X | ||||
Price To Earnings To Growth | 19.42 X | ||||
Target Price | 42.5 | ||||
Number Of Employees | 21.89 K | ||||
Beta | 2.31 | ||||
Market Capitalization | 5.43 B | ||||
Total Asset | 5.86 B | ||||
Retained Earnings | (835.3 M) | ||||
Working Capital | 1.29 B | ||||
Current Asset | 2.12 B | ||||
Current Liabilities | 1.13 B | ||||
Z Score | 5.95 | ||||
Net Asset | 5.86 B |
About Celestica Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Celestica's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Celestica using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Celestica based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Last Reported | Projected for 2024 | ||
Current Deferred Revenue | 64.5 M | 61.2 M | |
Total Revenue | 8.1 B | 5.4 B | |
Cost Of Revenue | 7.4 B | 5 B | |
Ebit Per Revenue | 0.05 | 0.05 |
Pair Trading with Celestica
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Celestica position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Celestica will appreciate offsetting losses from the drop in the long position's value.Moving together with Celestica Stock
0.81 | MINM | Minim Inc Report 3rd of April 2024 | PairCorr |
Moving against Celestica Stock
0.92 | MITQ | Moving IMage Technologies | PairCorr |
0.85 | UI | Ubiquiti Networks Financial Report 3rd of May 2024 | PairCorr |
0.81 | FKWL | Franklin Wireless Corp | PairCorr |
0.72 | KN | Knowles Cor Financial Report 25th of April 2024 | PairCorr |
0.56 | CAN | Canaan Inc Financial Report 24th of May 2024 | PairCorr |
The ability to find closely correlated positions to Celestica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Celestica when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Celestica - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Celestica to buy it.
The correlation of Celestica is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Celestica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Celestica moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Celestica can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Celestica Piotroski F Score and Celestica Altman Z Score analysis. For more information on how to buy Celestica Stock please use our How to Invest in Celestica guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Celestica Stock analysis
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.