Celestica Return On Asset vs. Shares Outstanding

CLS Stock  CAD 129.42  2.04  1.60%   
Based on the key profitability measurements obtained from Celestica's financial statements, Celestica is performing exceptionally good at this time. It has a great probability to showcase excellent profitability results in January. Profitability indicators assess Celestica's ability to earn profits and add value for shareholders. At this time, Celestica's Price To Sales Ratio is very stable compared to the past year. As of the 12th of December 2024, Operating Cash Flow Sales Ratio is likely to grow to 0.06, while Days Sales Outstanding is likely to drop 42.87. At this time, Celestica's Income Quality is very stable compared to the past year. As of the 12th of December 2024, Net Income Per E B T is likely to grow to 0.92, though Accumulated Other Comprehensive Income is likely to grow to (14.2 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.05550.0978
Way Down
Pretty Stable
Operating Profit Margin0.05050.0481
Sufficiently Up
Slightly volatile
For Celestica profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Celestica to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Celestica utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Celestica's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Celestica over time as well as its relative position and ranking within its peers.
  
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To learn how to invest in Celestica Stock, please use our How to Invest in Celestica guide.
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.

Celestica Shares Outstanding vs. Return On Asset Fundamental Analysis

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.
Celestica is number one stock in return on asset category among its peers. It also is number one stock in shares outstanding category among its peers creating about  2,111,778,584  of Shares Outstanding per Return On Asset. As of the 12th of December 2024, Common Stock Shares Outstanding is likely to grow to about 147.6 M. 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.

Celestica Shares Outstanding vs. Return On Asset

Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Celestica

Return On Asset

 = 

Net Income

Total Assets

 = 
0.0551
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Celestica

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
116.36 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.

Celestica Shares Outstanding Comparison

Celestica is currently under evaluation in shares outstanding category among its peers.

Celestica Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Celestica, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Celestica will eventually generate negative long term returns. The profitability progress is the general direction of Celestica's change in net profit over the period of time. It can combine multiple indicators of Celestica, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-14.9 M-14.2 M
Operating Income383.2 M402.4 M
Income Before Tax306.6 M321.9 M
Total Other Income Expense Net-76.6 M-80.4 M
Net Income244.6 M256.8 M
Income Tax Expense62 M65.1 M
Net Income From Continuing Ops244.6 M125.4 M
Net Income Applicable To Common Shares167.3 M109.8 M
Interest Income68.7 M72.1 M
Net Interest Income-76.6 M-72.8 M
Change To Netincome109.9 M59.6 M
Net Income Per Share 2.04  2.14 
Income Quality 1.76  1.84 
Net Income Per E B T 0.80  0.92 

Celestica Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Celestica. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Celestica position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Celestica's important profitability drivers and their relationship over time.

Use Celestica in pair-trading

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.

Celestica Pair Trading

Celestica Pair Trading Analysis

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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Celestica position

In addition to having Celestica in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Food Products
Food Products Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Food Products theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Food Products Theme or any other thematic opportunities.
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When determining whether Celestica is a strong investment it is important to analyze Celestica's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Celestica's future performance. For an informed investment choice regarding Celestica Stock, refer to the following important reports:
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To learn how to invest in Celestica Stock, please use our How to Invest in Celestica guide.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
To fully project Celestica's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Celestica at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Celestica's income statement, its balance sheet, and the statement of cash flows.
Potential Celestica investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Celestica investors may work on each financial statement separately, they are all related. The changes in Celestica's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Celestica's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.