CORNING INC (GLW.DE) Stock Fundamental Analysis
FRA:GLW - Deutsche Boerse Ag - US2193501051 - Common Stock - Currency: EUR
GLW gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 51 industry peers in the Electronic Equipment, Instruments & Components industry. GLW has an average financial health and profitability rating. GLW is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year GLW was profitable.
GLW had a positive operating cash flow in the past year.
Each year in the past 5 years GLW has been profitable.
GLW had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GLW has a better Return On Assets (1.66%) than 66.67% of its industry peers.
The Return On Equity of GLW (4.24%) is better than 66.67% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.41%, GLW is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
GLW 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 GLW 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
GLW has a better Profit Margin (3.34%) than 76.47% of its industry peers.
GLW's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 9.75%, GLW belongs to the top of the industry, outperforming 86.27% of the companies in the same industry.
GLW's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 33.08%, GLW is in line with its industry, outperforming 43.14% of the companies in the same industry.
GLW'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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GLW is destroying value.
The number of shares outstanding for GLW has been reduced compared to 1 year ago.
GLW has more shares outstanding than it did 5 years ago.
GLW has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.99 indicates that GLW is not in any danger for bankruptcy at the moment.
GLW's Altman-Z score of 2.99 is fine compared to the rest of the industry. GLW outperforms 64.71% of its industry peers.
The Debt to FCF ratio of GLW is 6.74, which is on the high side as it means it would take GLW, 6.74 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of GLW (6.74) is comparable to the rest of the industry.
GLW has a Debt/Equity ratio of 0.65. This is a neutral value indicating GLW is somewhat dependend on debt financing.
GLW has a worse Debt to Equity ratio (0.65) than 64.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 6.74 | ||
| Altman-Z | 2.99 |
ROIC/WACC0.49
WACC8.95%
2.3 Liquidity
GLW has a Current Ratio of 1.69. This is a normal value and indicates that GLW is financially healthy and should not expect problems in meeting its short term obligations.
GLW has a Current ratio (1.69) which is in line with its industry peers.
GLW has a Quick Ratio of 1.05. This is a normal value and indicates that GLW is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.05, GLW perfoms like the industry average, 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.
GLW shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.29% yearly.
GLW shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.77%.
GLW shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.66% yearly.
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
The Earnings Per Share is expected to grow by 15.33% on average over the next years. This is quite good.
Based on estimates for the next years, GLW 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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 22.49, the valuation of GLW can be described as rather expensive.
GLW's Price/Earnings ratio is a bit cheaper when compared to the industry. GLW is cheaper than 72.55% of the companies in the same industry.
When comparing the Price/Earnings ratio of GLW to the average of the S&P500 Index (26.03), we can say GLW is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 17.50, the valuation of GLW can be described as rather expensive.
Based on the Price/Forward Earnings ratio, GLW is valued a bit cheaper than the industry average as 68.63% of the companies are valued more expensively.
GLW is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.94, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.49 | ||
| Fwd PE | 17.5 |
4.2 Price Multiples
GLW's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as GLW.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.07 | ||
| EV/EBITDA | 16.77 |
4.3 Compensation for Growth
GLW's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
GLW has a very decent profitability rating, which may justify a higher PE ratio.
GLW's earnings are expected to grow with 15.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.02
PEG (5Y)9.81
EPS Next 2Y18.02%
EPS Next 3Y15.27%
5. Dividend
5.1 Amount
GLW has a Yearly Dividend Yield of 2.35%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.98, GLW pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, GLW has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.35% |
5.2 History
The dividend of GLW has a limited annual growth rate of 4.75%.
Dividend Growth(5Y)4.75%
Div Incr Years3
Div Non Decr Years4
5.3 Sustainability
216.96% of the earnings are spent on dividend by GLW. This is not a sustainable payout ratio.
The dividend of GLW is growing, but earnings are growing more, so the dividend growth is sustainable.
DP216.96%
EPS Next 2Y18.02%
EPS Next 3Y15.27%
FRA:GLW (5/19/2025, 7:00:00 PM)
42.51
-0.24 (-0.56%)
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 Cap34.43B
Analysts80
Price Target47.93 (12.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.35% |
Yearly Dividend1.08
Dividend Growth(5Y)4.75%
DP216.96%
Div Incr Years3
Div Non Decr Years4
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)0.24%
Revenue beat(12)3
Avg Revenue beat(12)-1.66%
Revenue beat(16)6
Avg Revenue beat(16)-0.98%
PT rev (1m)-7.13%
PT rev (3m)-14.94%
EPS NQ rev (1m)0.42%
EPS NQ rev (3m)0.25%
EPS NY rev (1m)1.38%
EPS NY rev (3m)1.25%
Revenue NQ rev (1m)0.75%
Revenue NQ rev (3m)1.2%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.49 | ||
| Fwd PE | 17.5 | ||
| P/S | 2.85 | ||
| P/FCF | 36.07 | ||
| P/OCF | 19.41 | ||
| P/B | 3.61 | ||
| P/tB | 5.08 | ||
| EV/EBITDA | 16.77 |
EPS(TTM)1.89
EY4.45%
EPS(NY)2.43
Fwd EY5.71%
FCF(TTM)1.18
FCFY2.77%
OCF(TTM)2.19
OCFY5.15%
SpS14.93
BVpS11.77
TBVpS8.36
PEG (NY)1.02
PEG (5Y)9.81
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 | 2.99 |
F-Score8
WACC8.95%
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 Year82.65%
EBIT Next 3Y28.59%
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%