CORNING INC (1GLW.MI) Stock Fundamental Analysis
BIT:1GLW - Euronext Milan - US2193501051 - Common Stock - Currency: EUR
Taking everything into account, 1GLW scores 5 out of 10 in our fundamental rating. 1GLW was compared to 51 industry peers in the Electronic Equipment, Instruments & Components industry. 1GLW has only an average score on both its financial health and profitability. 1GLW is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
1GLW had positive earnings in the past year.
1GLW had a positive operating cash flow in the past year.
In the past 5 years 1GLW has always been profitable.
In the past 5 years 1GLW always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of 1GLW (1.66%) is better than 64.71% of its industry peers.
1GLW has a better Return On Equity (4.24%) than 64.71% of its industry peers.
The Return On Invested Capital of 1GLW (4.41%) is better than 64.71% of its industry peers.
1GLW had an Average Return On Invested Capital over the past 3 years of 3.70%. This is significantly below the industry average of 11.10%.
The 3 year average ROIC (3.70%) for 1GLW is below the current ROIC(4.41%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.66% | ||
| ROE | 4.24% | ||
| ROIC | 4.41% |
ROA(3y)2.77%
ROA(5y)2.65%
ROE(3y)6.91%
ROE(5y)6.52%
ROIC(3y)3.7%
ROIC(5y)3.77%
1.3 Margins
The Profit Margin of 1GLW (3.34%) is better than 74.51% of its industry peers.
In the last couple of years the Profit Margin of 1GLW has declined.
1GLW has a Operating Margin of 9.75%. This is amongst the best in the industry. 1GLW outperforms 84.31% of its industry peers.
1GLW's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 33.08%, 1GLW perfoms like the industry average, outperforming 41.18% of the companies in the same industry.
1GLW's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.75% | ||
| PM (TTM) | 3.34% | ||
| GM | 33.08% |
OM growth 3Y-16.75%
OM growth 5Y-5.29%
PM growth 3Y-20.45%
PM growth 5Y-12.44%
GM growth 3Y-3.21%
GM growth 5Y-1.46%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 1GLW is destroying value.
The number of shares outstanding for 1GLW has been reduced compared to 1 year ago.
The number of shares outstanding for 1GLW has been increased compared to 5 years ago.
Compared to 1 year ago, 1GLW has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.09 indicates that 1GLW is not in any danger for bankruptcy at the moment.
1GLW has a Altman-Z score of 3.09. This is in the better half of the industry: 1GLW outperforms 68.63% of its industry peers.
The Debt to FCF ratio of 1GLW is 6.74, which is on the high side as it means it would take 1GLW, 6.74 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.74, 1GLW is in line with its industry, outperforming 54.90% of the companies in the same industry.
1GLW has a Debt/Equity ratio of 0.65. This is a neutral value indicating 1GLW is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.65, 1GLW is not doing good in the industry: 64.71% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 6.74 | ||
| Altman-Z | 3.09 |
ROIC/WACC0.49
WACC8.99%
2.3 Liquidity
1GLW has a Current Ratio of 1.69. This is a normal value and indicates that 1GLW is financially healthy and should not expect problems in meeting its short term obligations.
1GLW has a Current ratio (1.69) which is in line with its industry peers.
1GLW has a Quick Ratio of 1.05. This is a normal value and indicates that 1GLW is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.05, 1GLW is in line with its industry, outperforming 41.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.69 | ||
| Quick Ratio | 1.05 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 26.95% over the past year.
1GLW shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.29% yearly.
Looking at the last year, 1GLW shows a quite strong growth in Revenue. The Revenue has grown by 9.77% in the last year.
Measured over the past years, 1GLW shows a small growth in Revenue. The Revenue has been growing by 2.66% on average per year.
EPS 1Y (TTM)26.95%
EPS 3Y-1.96%
EPS 5Y2.29%
EPS Q2Q%42.11%
Revenue 1Y (TTM)9.77%
Revenue growth 3Y-2.34%
Revenue growth 5Y2.66%
Sales Q2Q%12.92%
3.2 Future
Based on estimates for the next years, 1GLW will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.33% on average per year.
Based on estimates for the next years, 1GLW will show a small growth in Revenue. The Revenue will grow by 7.20% on average per year.
EPS Next Y22.15%
EPS Next 2Y18.02%
EPS Next 3Y15.27%
EPS Next 5Y15.33%
Revenue Next Year8.41%
Revenue Next 2Y7.82%
Revenue Next 3Y7.2%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 22.78, which indicates a rather expensive current valuation of 1GLW.
1GLW's Price/Earnings ratio is a bit cheaper when compared to the industry. 1GLW is cheaper than 68.63% of the companies in the same industry.
1GLW's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.82.
The Price/Forward Earnings ratio is 17.73, which indicates a rather expensive current valuation of 1GLW.
Compared to the rest of the industry, the Price/Forward Earnings ratio of 1GLW indicates a somewhat cheap valuation: 1GLW is cheaper than 66.67% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of 1GLW to the average of the S&P500 Index (21.76), we can say 1GLW is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.78 | ||
| Fwd PE | 17.73 |
4.2 Price Multiples
1GLW's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as 1GLW.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.63 | ||
| EV/EBITDA | 17.8 |
4.3 Compensation for Growth
1GLW's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of 1GLW may justify a higher PE ratio.
1GLW's earnings are expected to grow with 15.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.03
PEG (5Y)9.94
EPS Next 2Y18.02%
EPS Next 3Y15.27%
5. Dividend
5.1 Amount
1GLW has a Yearly Dividend Yield of 2.32%. Purely for dividend investing, there may be better candidates out there.
1GLW's Dividend Yield is a higher than the industry average which is at 2.96.
Compared to an average S&P500 Dividend Yield of 2.39, 1GLW has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.32% |
5.2 History
The dividend of 1GLW has a limited annual growth rate of 4.75%.
Dividend Growth(5Y)4.75%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
1GLW pays out 216.96% of its income as dividend. This is not a sustainable payout ratio.
The dividend of 1GLW is growing, but earnings are growing more, so the dividend growth is sustainable.
DP216.96%
EPS Next 2Y18.02%
EPS Next 3Y15.27%
BIT:1GLW (5/13/2025, 7:00:00 PM)
42.82
-4.26 (-9.05%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners72.88%
Inst Owner ChangeN/A
Ins Owners0.22%
Ins Owner ChangeN/A
Market Cap36.67B
Analysts80
Price Target47.99 (12.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.32% |
Yearly Dividend1.07
Dividend Growth(5Y)4.75%
DP216.96%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.3%
Min EPS beat(2)0.96%
Max EPS beat(2)5.64%
EPS beat(4)4
Avg EPS beat(4)2.27%
Min EPS beat(4)0.56%
Max EPS beat(4)5.64%
EPS beat(8)5
Avg EPS beat(8)0.85%
EPS beat(12)7
Avg EPS beat(12)1.26%
EPS beat(16)10
Avg EPS beat(16)1.52%
Revenue beat(2)1
Avg Revenue beat(2)0.95%
Min Revenue beat(2)-0.03%
Max Revenue beat(2)1.92%
Revenue beat(4)2
Avg Revenue beat(4)0.51%
Min Revenue beat(4)-0.51%
Max Revenue beat(4)1.92%
Revenue beat(8)3
Avg Revenue beat(8)-2.68%
Revenue beat(12)3
Avg Revenue beat(12)-3.61%
Revenue beat(16)6
Avg Revenue beat(16)-2.44%
PT rev (1m)-6.42%
PT rev (3m)-6.42%
EPS NQ rev (1m)-0.02%
EPS NQ rev (3m)-0.02%
EPS NY rev (1m)2.8%
EPS NY rev (3m)2.8%
Revenue NQ rev (1m)2.23%
Revenue NQ rev (3m)2.23%
Revenue NY rev (1m)1.58%
Revenue NY rev (3m)1.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.78 | ||
| Fwd PE | 17.73 | ||
| P/S | 3.05 | ||
| P/FCF | 38.63 | ||
| P/OCF | 20.78 | ||
| P/B | 3.87 | ||
| P/tB | 5.44 | ||
| EV/EBITDA | 17.8 |
EPS(TTM)1.88
EY4.39%
EPS(NY)2.42
Fwd EY5.64%
FCF(TTM)1.11
FCFY2.59%
OCF(TTM)2.06
OCFY4.81%
SpS14.05
BVpS11.07
TBVpS7.87
PEG (NY)1.03
PEG (5Y)9.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.66% | ||
| ROE | 4.24% | ||
| ROCE | 5.8% | ||
| ROIC | 4.41% | ||
| ROICexc | 4.69% | ||
| ROICexgc | 5.48% | ||
| OM | 9.75% | ||
| PM (TTM) | 3.34% | ||
| GM | 33.08% | ||
| FCFM | 7.89% |
ROA(3y)2.77%
ROA(5y)2.65%
ROE(3y)6.91%
ROE(5y)6.52%
ROIC(3y)3.7%
ROIC(5y)3.77%
ROICexc(3y)3.99%
ROICexc(5y)4.1%
ROICexgc(3y)4.68%
ROICexgc(5y)4.83%
ROCE(3y)4.86%
ROCE(5y)4.96%
ROICexcg growth 3Y-16.21%
ROICexcg growth 5Y-0.8%
ROICexc growth 3Y-16.02%
ROICexc growth 5Y-1.08%
OM growth 3Y-16.75%
OM growth 5Y-5.29%
PM growth 3Y-20.45%
PM growth 5Y-12.44%
GM growth 3Y-3.21%
GM growth 5Y-1.46%
F-Score8
Asset Turnover0.5
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 6.74 | ||
| Debt/EBITDA | 2.62 | ||
| Cap/Depr | 69.14% | ||
| Cap/Sales | 6.77% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 75.02% | ||
| Profit Quality | 236.34% | ||
| Current Ratio | 1.69 | ||
| Quick Ratio | 1.05 | ||
| Altman-Z | 3.09 |
F-Score8
WACC8.99%
ROIC/WACC0.49
Cap/Depr(3y)94.49%
Cap/Depr(5y)96.92%
Cap/Sales(3y)9.9%
Cap/Sales(5y)10.7%
Profit Quality(3y)125.06%
Profit Quality(5y)146.73%
High Growth Momentum
Growth
EPS 1Y (TTM)26.95%
EPS 3Y-1.96%
EPS 5Y2.29%
EPS Q2Q%42.11%
EPS Next Y22.15%
EPS Next 2Y18.02%
EPS Next 3Y15.27%
EPS Next 5Y15.33%
Revenue 1Y (TTM)9.77%
Revenue growth 3Y-2.34%
Revenue growth 5Y2.66%
Sales Q2Q%12.92%
Revenue Next Year8.41%
Revenue Next 2Y7.82%
Revenue Next 3Y7.2%
Revenue Next 5YN/A
EBIT growth 1Y56.55%
EBIT growth 3Y-18.7%
EBIT growth 5Y-2.77%
EBIT Next Year81.1%
EBIT Next 3Y30.68%
EBIT Next 5Y23.65%
FCF growth 1Y150.12%
FCF growth 3Y-18.13%
FCF growth 5Y85.79%
OCF growth 1Y-1.87%
OCF growth 3Y-17.17%
OCF growth 5Y-0.92%