2024-04-25 06:00:00 ET
Summary
- Celestica's Q1 earnings report shows strong performance, with revenue growth of 20% YoY and increased profitability.
- The company's cash flows have nearly doubled YoY, enabling reinvestment in growth and improving financial flexibility.
- Management's guidance for Q2 and full fiscal 2024 outlook is optimistic, indicating sustainable momentum and market share gains over peers.
- My valuation analysis suggests that Celestica is 66% undervalued even with very conservative underlying assumptions.
Investment thesis
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For further details see:
Celestica: Still Dirt Cheap (Rating Upgrade)