# Celestica, Inc. (CLS) — Stock CV

Celestica, Inc. is a $45.5B technology company. Revenue grew 47.3% over the last year, it keeps 7¢ of every dollar of sales as profit, and its net debt equals ~0.3 years of free cash flow. It trades at 40.1× earnings — in the most expensive third of its own history.

> Celestica Inc offers supply chain solutions. The company has two operating and reportable segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS).

## Identity

- **Ticker**: CLS
- **Sector**: Technology
- **Industry**: Printed Circuit Boards
- **Headquarters**: TORONTO, A6
- **Employees**: 29 591
- **Website**: https://www.celestica.com
- **Market cap**: $45.5B
- **Last price**: $360.80
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $15.6B
- **Net income**: $1.12B
- **Free cash flow**: $519M
- **Net debt**: $181M
- **P/E**: 40.1
- **Revenue growth (YoY)**: 47.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 30 |
| Growth | 100 |
| Profitability | 75 |
| Health | 82 |
| Quality | 67 |
| Moat | 57 |

## Qualifications (beginner checklist) — 10 of 10 passed

- [x] Revenue growing — +47.3% YoY
- [x] Profitable — $1.12B TTM
- [x] Profit growing — +82.6% YoY
- [x] Generates cash — $519M TTM
- [x] Debt under control — ~0.3y of cash flow to repay
- [x] Established company — $45.5B market cap
- [x] Not printing shares — -6.8% shares over ~5y
- [x] Proven track record — 5/5 profitable years
- [x] Financially stable — Altman Z 4.8 — safe
- [x] Valuation not extreme — P/E 40.1

## Experience (career milestones)

- **FY2025** — Revenue crossed $10B: $12.4B for the year
- **FY2025** — Best year on record: $833M net income
- **FY2021** — Profitable every year on record: 5 consecutive profitable years in our data
- **FY2021** — Revenue already above $1B: $5.63B in first reported year
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **2018** — Celestica acquired Atrenne Integrated solutions and Impakt
- **2015** — Rob Mionis took over from him on 1 August 2015
- **2012** — Celestica acquired D&H Manufacturing Company, a leading manufacturer of precision machined components and…
- **2001** — Certain Avaya, Inc., products and manufacturing processes were acquired by Celestica
- **2000** — Celestica acquired IBM's facilities in Vimercate and Santa Palomba, Italy and a facility in Rochester,…
- **1998** — Celestica began its initial public offering (IPO) and agreed to sell 20.6 million shares at a price…
- **1998** — Celestica established its first manufacturing presence in Mexico by acquiring Lucent Technologies's…
- **1998** — Also in 1998, acquired IMS (International Manufacturing Services) to establish manufacturing operations in Japan,…
- **1997** — Celestica established its presence in Europe with the acquisition of Design-to-Distribution (D2D) Limited,…
- **1994** — Celestica was incorporated in 1994 as a subsidiary of IBM

## Strengths

- Revenue growing 47.3% year over year
- Could repay net debt from ~0.9 years of free cash flow
- Interest covered 18.2× by operating earnings
- High returns on invested capital (ROIC 34.7%)
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $5.63B | $104M | $175M |
| FY2022 | $7.25B | $180M | $102M |
| FY2023 | $7.96B | $244M | $201M |
| FY2024 | $9.65B | $428M | $303M |
| FY2025 | $12.4B | $833M | $458M |

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Source: https://stockcv.com/CLS — derived from company filings; may be delayed or incomplete. Information, not investment advice.