3G·

Additional purchase before the weekend

$CLS (-2,43%)

Hello my dears,

I made a small additional purchase today.

The share is approaching the 200-day line. I think this means that the consolidation should soon be over.

As already described in my analysis, the company's fundamentals look good.

I am therefore very confident.

27.02

CLS

Celestica

Acquistato x2 a 235,00 €

470,00 €

Tenbagger2024

@Tenbagger2024

1Mes·

Celestica moves into my portfolio

$CLS (-2,43%)

Hello my dears,

I'm sure many of you will have already seen it yesterday. That I used the little dip at Celestica for my first purchase. @Hotte1909

Due to the sudden purchase, the company presentation is only available today after the purchase.

Opinions and assessments of the company are welcome in the comments.

Celestica Inc. is engaged in the design, manufacture and deployment of hardware platforms and supply chain solutions. The company offers its customers worldwide supply chain solutions in two business segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). The ATS segment comprises the ATS end market and is made up of the Aerospace & Defense (A&D), Industrial, HealthTech and Capital Equipment business units. The Capital Equipment segment comprises the Semiconductor, Display and Robotics Equipment business units. The CCS segment consists of the Communication and Enterprise end markets. The enterprise market consists of Celestica's server and storage business. Celestica provides a range of product manufacturing and related supply chain services to its customers in both segments, including design and development, new product introduction, technical services, component sourcing, electronics manufacturing and assembly, testing and systems integration.

Number of employees: 21,914

Celestica is a Toronto-based contract manufacturer of high-performance hardware. The group develops, builds and integrates complete server, storage and network platforms for large tech customers - right up to fully equipped racks for data centers. In addition to cloud and communications equipment, Celestica also supplies industrial customers, aerospace, medical technology and semiconductor equipment manufacturers, providing not only manufacturing, but also engineering, supply chain and post-delivery service.

It is precisely this model - Celestica sells not just components, but complete, customer-specific infrastructure blocks for data centers - that is now at the heart of a major stock market story: the Group reports a strong quarter, raises its annual forecast and presents an aggressive growth target for 2026 for the first time. The management is thus openly positioning Celestica as a beneficiary of the global AI data center boom.

AI data centers drive the story

The growth driver is the "Connectivity & Cloud Solutions" (CCS) division, in which Celestica supplies complete server, storage and network platforms for cloud and communications customers, among other things. This unit generated revenue of 2.41 billion dollars in the quarter, an increase of 43% compared to the same period last year. The division is benefiting directly from the fact that hyperscalers and other major customers are currently building up additional AI data center capacities - including hardware for AI inference, network technology, power supply and cooling. Hardware Platform Solutions alone generated around 1.4 billion USd in revenue, +79% compared to the previous year.

Celestica is thus openly presenting itself as part of the AI infrastructure chain: The company argues that the current expansion of AI data centers is not a short-term peak, but a multi-year investment cycle that will continue into 2026 and 2027. It is precisely this narrative - structural growth instead of a one-off effect - that is now at the heart of the investment thesis surrounding the share.

Markets

Unternehmen

Tailor-made solutions bring next-generation computing, storage and networking products to the market faster for data center and edge markets.

Services

Celestica Inc (TSX: CLS) (NYSE: CLS) is a leader in design, manufacturing, hardware platforms and supply chain solutions for the world's most innovative companies.

Locations: Over 40 manufacturing and design centers worldwide

Locations

America

Canada, Toronto
Canada, Newmarket
USA, Alburtis
USA, Boston
USA, Fremont
USA, Maple Grove
USA, Portland
USA, Richardson
USA, Tucson
USA, San Jose
USA, Silicon Valley
USA, Rancho Cucamonga
Mexico, Monterrey

Europe

Ireland, Galway
Romania, Oradea
Spain, Valencia

Asia

China, Kunshan
China, Dongguan
China, Shanghai
China, Suzhou
China, GBS Suzhou
China, Xiamen
Hong Kong
India, Chennai
Indonesia, Bandung
Indonesia, Batam
Japan, Hino
Japan, Miyagi
Philippines, Manila
South Korea, Asan
South Korea, Incheon
Laos, Savannakhet
Malaysia, Johor
Malaysia, Johor
Malaysia, Kulim
Malaysia, Penang
Singapore, Serangoon
Singapore, Pioneer Road
Singapore, Woodlands
Thailand, Laem Chabang

November 17, 2025

Celestica introduces SD6300 platform aimed at ensuring maximum storage density for enterprise and AI applications

Q4 2025 financial results

Jan. 29, 26 at 8:00 a.m. EST

Finanzergebnisse Q4 2025 | Celestica Inc.

USD in millions

Estimates

Year Sales Change

2024 9.646 21,17 %

2025 12.391 28,46 %

2026 16.496 33,13 %

2027 22.103 33,99 %

Year EBIT Change

2024 441,6 -0,81 %

2025 927 109,92 %

2026 1.385 49,37 %

2027 1.788 29,1 %

Year Net result Change

2024 428 74,98 %

2025 832,5 94,51 %

2026 1.039 24,8 %

2027 1.323 27,3 %

Year Net debt CAPEX

2024 373 168

2025 362 189,1

2026 -157 347,1

2027 429,4

Year Free cash flow Change

2024 261,4 -14,18 %

2025 421,8 61,34 %

2026 525,8 24,67 %

2027 658,8 25,29 %

Year EBIT margin ROE

2024 4,58 % 23,34 %

2025 7,48 % 31,86 %

2026 8,39 % 32,72 %

2027 8,09 % 35,68 %

Year Earnings per share Change

2024 3,61 77,83 %

2025 7,16 98,34 %

2026 8,62 32,59 %

2027 11,7 35,8 %

Year P/E ratio PEG

2024 25.5x 0.3x

2025 41.4x 0.4x

2026 36.4x 1.4x

2027 25.1x 0.6x

Market value 34,283

Number of shares (in thousands) 114,900

Date of publication 28,01,2026

Share structure

Number of shares outstanding decreases continuously:
121.6 million (2022) → 119.0 million (2023) → 116.1 million (2024). → Buy-backs have an EPS-increasing effect.

Celestica shows exceptionally strong operational momentum with increasing sales, margins, cash flows and returns on capital - driven by AI/cloud demand and efficient capital management.

$CLS (-2,43%)

Celestica Performance

Ø 10 years 41.86 %

Ø 5 years 105.96 %

Ø 4 years 121.26 %

Ø 3 years 186.34 %

Ø 2 years 200.66 %

2024 215,23 %

2025 220,27 %

+ 2

www.celestica.com Enterprise Solutions | Celestica

19 Commenti

Keineui@Keineui

Nice title. If I wasn't already far too heavily weighted in the AI and data center market with my portfolio, I would certainly just take a look at it. So I'm happy to watch from the sidelines as the market continues to grow and grow.

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Visualizza tutti 2 ulteriori risposte

Raketentoni@Raketentoni

Would you like to hear the unvarnished truth? :D YOU know what I mean

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Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin

@Raketentoni hau raus.😉

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Raketentoni@Raketentoni

@Get_Rich_or_Die_Tryin I have adjusted the prompt a little, now it is nice and clear :)

Advance warning: If your friend has a dividend strategy, he needs to be very strong now. According to your strict set of rules ("Exclusion Rules" & "Cashflow Focus"), this will be a bloodbath - but one with extremely good growth figures.

📑 Institutional Equity Research: Celestica Inc.
Company: Celestica Inc.
Ticker: CLS (NYSE/TSX)
Current share price: ~296 USD / ~403 CAD (as of end Feb 2026, volatile after-hours)
Sector: Electronics Manufacturing Services (EMS) / AI Hardware

1️⃣ Business model & stability
Model: Contract manufacturer (EMS) for hardware. Formerly boring, now a pick-and-shovel play for AI (servers, network switches for hyperscalers like Google).

Market position: Strong in the "Connectivity & Cloud Solutions" (CCS) niche. Business is booming here (+64% growth in the segment in Q4 '25).

Cluster risk (EXTREME): This is the elephant in the room. 3 customers account for ~63% of sales (Q4 2025 data: 36%, 15%, 12%).

Verdict: High-risk dependency. If a major customer (probably Google) pulls the order, the share price collapses by 30-50%. This is not "stability", this is a ride on the razor's edge.

2️⃣ Dividend quality
Dividend: 0.00 $

Yield: 0.0

Verdict: Total failure for income investors.

3️⃣ Dividend growth
Verdict: Not applicable. (The company uses cash for growth and capex, not for distributions).

4️⃣ Free cash flow analysis
Free cash flow (FCF) 2025: approx. USD 425m (guidance/actuals).

Market capitalization: approx. USD 35 bn (strong increase).

FCF yield: 425 m / 35,000 m = ~1.2 %

Your set of rules:

5% = attractive

< 5% = only allowed with "clear growth"

Verdict: The share is expensive. The share price has run away from the cash flow. You are paying for massive future hope here, not today's cash substance.

5️⃣ Capital structure & security
Debt: Very healthy. Net debt / EBITDA is < 1.0x.

Problem: The capital risk is not in the balance sheet, but in the order book (see point 1).

Verdict: Very clean balance sheet.

6️⃣ Profitability & Return on Capital (Your Core Quality Score)
Celestica scores massively here:

Revenue Growth (2025): +28 % (explosive growth)

Operating Margin: ~7.7% (very strong for a manufacturer, target was often only 5-6%)

Your score: 28 + 7.7 = 35.7

Rule check:

25 = Very Good

Verdict: High growth quality. Operationally, the management delivers excellent results. The margin is rising, sales are soaring.

7️⃣ Valuation
P/E ratio (P/E): ~38x

History: EMS companies normally trade at P/E ratios of 10-15.

Reality check: Celestica is currently valued like a tech monopolist (Nvidia, Microsoft), but is "only" the manufacturer, which can be replaced at any time.

Peg ratio: ~0.7 (growth is so high that the high P/E ratio seems theoretically justified - but only if the growth lasts forever).

8️⃣ to 9️⃣ (dividend models)
Not applicable.

🔟 Scenario analysis
Base case: AI boom continues, Celestica continues to grow by 15-20%. Share price maintains the high level, grows into the valuation.

Bull case: Margins rise to 10% (unlikely in the EMS sector). Price target USD 350.

Bear case (the "lump" scenario): Google (customer A) shifts production to Foxconn or Jabil. Sales collapse, multiple contraction from P/E 38 to P/E 15. Target price: USD 120 (-60% downside).

1️⃣1️⃣ Risk assessment (your exclusion criteria)
❌ Stagnating sales? No, growth is top. (Passed)

❌ Op. Margin < 5%? Nein, 7,7% ist gut. (Bestanden)

❌ Dividende nicht gedeckt? Keine Dividende. (Durchgefallen für Income-Strategie)

❌ Story > Numbers? Critical. The figures are good, but the valuation (P/E 38) is based almost exclusively on the "AI story".

1️⃣2️⃣ Investment-Conclusion (The unvarnished truth)
Status for your friend:
⛔ SELL (if he is an investor) / ⚠️ HOLD (if he is a punter)

Strategy check: This has no place in a dividend portfolio. There is 0% cash return.

Risk check: The dependence on 3 customers (63% turnover) is life-threatening for the capital. A single call from a buyer at Google can halve the share price.

Valuation: The share is "priced for perfection". Every small disappointment is punished (see post-market dips).

Honest advice to the friend:
"You're riding a cannonball here. The numbers are fantastic (score 35!), but the risk is extremely concentrated. If you're in the black: take the bet off the table. This isn't a stock to 'lay down and cash in', this is a bet on the AI hardware cycle. When the music stops playing, there will be no more chairs here."

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Tenbagger2024@Tenbagger2024

@Raketentoni I am Munchausen and I like to ride the cannonball

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Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin

@Raketentoni I like it even better with the Promt.👌🏻🫶🏻

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Raketentoni@Raketentoni

@Get_Rich_or_Die_Tryin thanks, the choice of words is just awesome 😂😂😂😂

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Raketentoni@Raketentoni

@Tenbagger2024 😂😂😂 well you love the risk, I'll keep my fingers crossed for you

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Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin

@Raketentoni I think so too, I celebrate correctly.😂👌🏻

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Tenbagger2024@Tenbagger2024

@Raketentoni You need to market this Mr. Prompt. Maybe as a stock market rapper.

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ThemenmitKopf@topicswithhead

I'm looking at the stock right now and this is the first report from you that I'm really going to read in full. The repost was really good.

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Tenbagger2024@Tenbagger2024

@topicswithhead what is the reason why you do not read other posts completely

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ThemenmitKopf@topicswithhead

@Tenbagger2024 I find most titles too uninteresting from a business point of view and then only read the first few sentences

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PikaPika0105@PikaPika0105

Il commento è stato cancellato

Tenbagger2024@Tenbagger2024

@PikaPika0105
https://www.onvista.de/aktien/kennzahlen/CELESTICA-INC-Aktie-CA15101Q2071

I see a falling P/E ratio as positive for the time being

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PikaPika0105@PikaPika0105

Il commento è stato cancellato

Tenbagger2024@Tenbagger2024

@PikaPika0105 the valuation is of course not favorable. Compared to the history. But such a development can be found in many AI stocks. Take a look at Tokyo Electron, which once had a P/E ratio of 14. At Advantest it was once 19 and is now over 40

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