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# Celestica: Fundamentally Attractive But Priced Dearly (Archive)
- URL: https://www.huntingalphas.com/celestica-fundamentally-attractive-but-priced-dearly-archive-copy/
- Published: 2024-08-19T16:53:00.000Z
- Updated: 2026-02-27T13:04:55.000Z
- Description: Strong hyperscaler-driven growth meets rich valuations and cautious technicals for new buyers.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, CLS, Tech

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Celestica's fundamental growth is strong and above expectations. This is driven by a strong outlook from hyperscaler customers.
- A revenue mix shift toward hyperscaler customers would be accretive for EBIT margins going forward.
- At a 51% premium to its longer term 1-yr fwd P/E, I think valuations are high, with little margin of safety, given product mix volatility and high customer concentration.
- Relative technicals vs. the S&P500 signal caution near the 12-monthly (yearly) resistance level.
- As lead times normalize from their currently still elevated levels, there is scope for further improvement in inventory turnover.

Read the full article [here](https://seekingalpha.com/article/4715661-celestica-bullish-expectations-may-be-priced-in?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*