Celestica Stock Return On Asset
| CLS Stock | USD 52.42 0.36 0.69% |
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.
Return On Assets is likely to gain to 0.04 in 2024. Celestica | Return On Asset |
Celestica Company Return On Asset Analysis
Celestica's 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.
Current Celestica Return On Asset | 0.0499 |
Most of Celestica's fundamental indicators, such as Return On Asset, 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.
Celestica Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Celestica is extremely important. It helps to project a fair market value of Celestica Stock properly, considering its historical fundamentals such as Return On Asset. Since Celestica's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Celestica's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Celestica's interrelated accounts and indicators.
Click cells to compare fundamentals
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.
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Celestica Total Assets
Total Assets |
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Based on the latest financial disclosure, Celestica has a Return On Asset of 0.0499. This is 101.73% lower than that of the Electronic Equipment, Instruments & Components sector and 100.4% lower than that of the Information Technology industry. The return on asset for all United States stocks is 135.64% lower than that of the firm.
Celestica Return On Asset 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 Return On Asset 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 return on asset category among related companies.
Celestica ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Celestica's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Celestica's managers, analysts, and investors.Environmental | Governance | Social |
Celestica Fundamentals
| Return On Equity | 0.19 | ||||
| Return On Asset | 0.0499 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.06 % | ||||
| Current Valuation | 6.75 B | ||||
| Shares Outstanding | 118.81 M | ||||
| Shares Owned By Insiders | 0.99 % | ||||
| Shares Owned By Institutions | 79.82 % | ||||
| Number Of Shares Shorted | 3.73 M | ||||
| Price To Earning | 19.74 X | ||||
| Price To Book | 3.02 X | ||||
| Price To Sales | 0.67 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 | 14.41 X | ||||
| Cash Flow From Operations | 370.88 M | ||||
| Short Ratio | 1.54 X | ||||
| Earnings Per Share | 2.68 X | ||||
| Price To Earnings To Growth | 19.42 X | ||||
| Target Price | 53.78 | ||||
| Number Of Employees | 21.89 K | ||||
| Beta | 2.35 | ||||
| Market Capitalization | 6.26 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 | ||||
| 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.
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
| 0.76 | WDC | Western Digital Financial Report 29th of July 2024 | PairCorr |
Moving against Celestica Stock
| 0.68 | VCSA | Vacasa Inc | PairCorr |
| 0.49 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
| 0.48 | RFIL | RF Industries Financial Report 12th of June 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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 3.25 | Earnings Share 2.68 | Revenue Per Share 69.739 | Quarterly Revenue Growth 0.202 | Return On Assets 0.0499 |
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.