CORNING INC (GLW.DE) Stock Fundamental Analysis
Europe - FRA:GLW - US2193501051 - Common Stock
75.34 EUR
-1.78 (-2.31%)
Taking everything into account, GLW scores 5 out of 10 in our fundamental rating. GLW was compared to 52 industry peers in the Electronic Equipment, Instruments & Components industry. While GLW has a great profitability rating, there are some minor concerns on its financial health. GLW is valued quite expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
GLW had positive earnings in the past year.
GLW had a positive operating cash flow in the past year.
GLW had positive earnings in each of the past 5 years.
GLW had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GLW has a Return On Assets of 4.57%. This is in the better half of the industry: GLW outperforms 73.08% of its industry peers.
GLW has a better Return On Equity (11.84%) than 80.77% of its industry peers.
With a decent Return On Invested Capital value of 6.25%, GLW is doing good in the industry, outperforming 71.15% 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 below the industry average of 6.77%.
The 3 year average ROIC (3.70%) for GLW is below the current ROIC(6.25%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 11.84% | ||
| ROIC | 6.25% |
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
Looking at the Profit Margin, with a value of 9.16%, GLW belongs to the top of the industry, outperforming 88.46% of the companies in the same industry.
GLW's Profit Margin has declined in the last couple of years.
The Operating Margin of GLW (13.41%) is better than 90.38% of its industry peers.
In the last couple of years the Operating Margin of GLW has declined.
GLW has a Gross Margin (35.69%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of GLW has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.41% | ||
| PM (TTM) | 9.16% | ||
| GM | 35.69% |
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.
Compared to 1 year ago, GLW has less shares outstanding
Compared to 5 years ago, GLW has more shares outstanding
The debt/assets ratio for GLW has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.04 indicates that GLW is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.04, GLW belongs to the top of the industry, outperforming 82.69% of the companies in the same industry.
The Debt to FCF ratio of GLW is 7.07, which is on the high side as it means it would take GLW, 7.07 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of GLW (7.07) is comparable to the rest of the industry.
GLW has a Debt/Equity ratio of 0.64. This is a neutral value indicating GLW is somewhat dependend on debt financing.
The Debt to Equity ratio of GLW (0.64) is worse than 73.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 7.07 | ||
| Altman-Z | 4.04 |
ROIC/WACC0.7
WACC8.94%
2.3 Liquidity
GLW has a Current Ratio of 1.56. 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 (1.56) which is in line with its industry peers.
GLW has a Quick Ratio of 1.56. This is a bad value and indicates that GLW is not financially healthy enough and could expect problems in meeting its short term obligations.
GLW's Quick ratio of 1.00 is in line compared to the rest of the industry. GLW outperforms 46.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.56 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 33.71% 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 18.27%.
The Revenue has been growing slightly by 2.66% on average over the past years.
EPS 1Y (TTM)33.71%
EPS 3Y-1.96%
EPS 5Y2.29%
EPS Q2Q%24.07%
Revenue 1Y (TTM)18.27%
Revenue growth 3Y-2.34%
Revenue growth 5Y2.66%
Sales Q2Q%14.44%
3.2 Future
Based on estimates for the next years, GLW will show a very strong growth in Earnings Per Share. The EPS will grow by 20.01% on average per year.
Based on estimates for the next years, GLW will show a quite strong growth in Revenue. The Revenue will grow by 11.65% on average per year.
EPS Next Y29.85%
EPS Next 2Y25.33%
EPS Next 3Y22.85%
EPS Next 5Y20.01%
Revenue Next Year13.89%
Revenue Next 2Y12.64%
Revenue Next 3Y11.65%
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.
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
With a Price/Earnings ratio of 36.57, GLW can be considered very expensive at the moment.
GLW's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of GLW to the average of the S&P500 Index (26.35), we can say GLW is valued slightly more expensively.
With a Price/Forward Earnings ratio of 28.32, GLW can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, GLW is valued a bit more expensive than the industry average as 65.38% of the companies are valued more cheaply.
GLW's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 33.72.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.57 | ||
| Fwd PE | 28.32 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GLW is valued a bit more expensive than the industry average as 61.54% of the companies are valued more cheaply.
GLW's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. GLW is more expensive than 65.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 64.27 | ||
| EV/EBITDA | 24.39 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of GLW may justify a higher PE ratio.
A more expensive valuation may be justified as GLW's earnings are expected to grow with 22.85% in the coming years.
PEG (NY)1.23
PEG (5Y)15.95
EPS Next 2Y25.33%
EPS Next 3Y22.85%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.27%, GLW has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.99, GLW has a dividend in line with its industry peers.
With a Dividend Yield of 1.27, GLW pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.27% |
5.2 History
The dividend of GLW has a limited annual growth rate of 4.75%.
Dividend Growth(5Y)4.75%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
GLW pays out 72.69% of its income as dividend. This is not a sustainable payout ratio.
GLW's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP72.69%
EPS Next 2Y25.33%
EPS Next 3Y22.85%
FRA:GLW (11/10/2025, 7:00:00 PM)
75.34
-1.78 (-2.31%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners74.27%
Inst Owner ChangeN/A
Ins Owners0.18%
Ins Owner ChangeN/A
Market Cap64.54B
Revenue(TTM)14.91B
Net Income(TTM)1.37B
Analysts82.11
Price Target68.77 (-8.72%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.27% |
Yearly Dividend1.04
Dividend Growth(5Y)4.75%
DP72.69%
Div Incr Years0
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.14%
Min EPS beat(2)-0.04%
Max EPS beat(2)4.32%
EPS beat(4)3
Avg EPS beat(4)2.72%
Min EPS beat(4)-0.04%
Max EPS beat(4)5.64%
EPS beat(8)6
Avg EPS beat(8)2.26%
EPS beat(12)8
Avg EPS beat(12)1.72%
EPS beat(16)10
Avg EPS beat(16)1.88%
Revenue beat(2)2
Avg Revenue beat(2)1.97%
Min Revenue beat(2)0.07%
Max Revenue beat(2)3.88%
Revenue beat(4)3
Avg Revenue beat(4)1.46%
Min Revenue beat(4)-0.03%
Max Revenue beat(4)3.88%
Revenue beat(8)5
Avg Revenue beat(8)1.13%
Revenue beat(12)5
Avg Revenue beat(12)-0.42%
Revenue beat(16)7
Avg Revenue beat(16)-0.75%
PT rev (1m)5.21%
PT rev (3m)17.87%
EPS NQ rev (1m)4.25%
EPS NQ rev (3m)4.71%
EPS NY rev (1m)1.59%
EPS NY rev (3m)6.5%
Revenue NQ rev (1m)2.02%
Revenue NQ rev (3m)3.15%
Revenue NY rev (1m)0.87%
Revenue NY rev (3m)4.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.57 | ||
| Fwd PE | 28.32 | ||
| P/S | 5.01 | ||
| P/FCF | 64.27 | ||
| P/OCF | 32.96 | ||
| P/B | 6.47 | ||
| P/tB | 8.93 | ||
| EV/EBITDA | 24.39 |
EPS(TTM)2.06
EY2.73%
EPS(NY)2.66
Fwd EY3.53%
FCF(TTM)1.17
FCFY1.56%
OCF(TTM)2.29
OCFY3.03%
SpS15.05
BVpS11.64
TBVpS8.44
PEG (NY)1.23
PEG (5Y)15.95
Graham Number23.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 11.84% | ||
| ROCE | 8.22% | ||
| ROIC | 6.25% | ||
| ROICexc | 6.71% | ||
| ROICexgc | 7.8% | ||
| OM | 13.41% | ||
| PM (TTM) | 9.16% | ||
| GM | 35.69% | ||
| FCFM | 7.79% |
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%
ROICexgc growth 3Y-16.21%
ROICexgc 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 | 0.64 | ||
| Debt/FCF | 7.07 | ||
| Debt/EBITDA | 2.22 | ||
| Cap/Depr | 82.95% | ||
| Cap/Sales | 7.4% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 68.03% | ||
| Profit Quality | 85.07% | ||
| Current Ratio | 1.56 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 4.04 |
F-Score8
WACC8.94%
ROIC/WACC0.7
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)33.71%
EPS 3Y-1.96%
EPS 5Y2.29%
EPS Q2Q%24.07%
EPS Next Y29.85%
EPS Next 2Y25.33%
EPS Next 3Y22.85%
EPS Next 5Y20.01%
Revenue 1Y (TTM)18.27%
Revenue growth 3Y-2.34%
Revenue growth 5Y2.66%
Sales Q2Q%14.44%
Revenue Next Year13.89%
Revenue Next 2Y12.64%
Revenue Next 3Y11.65%
Revenue Next 5YN/A
EBIT growth 1Y143.9%
EBIT growth 3Y-18.7%
EBIT growth 5Y-2.77%
EBIT Next Year88.17%
EBIT Next 3Y32%
EBIT Next 5Y27.56%
FCF growth 1Y194.18%
FCF growth 3Y-18.13%
FCF growth 5Y85.79%
OCF growth 1Y18.7%
OCF growth 3Y-17.17%
OCF growth 5Y-0.92%
CORNING INC / GLW.DE FAQ
What is the ChartMill fundamental rating of CORNING INC (GLW.DE) stock?
ChartMill assigns a fundamental rating of 5 / 10 to GLW.DE.
Can you provide the valuation status for CORNING INC?
ChartMill assigns a valuation rating of 2 / 10 to CORNING INC (GLW.DE). This can be considered as Overvalued.
How profitable is CORNING INC (GLW.DE) stock?
CORNING INC (GLW.DE) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for GLW stock?
The Price/Earnings (PE) ratio for CORNING INC (GLW.DE) is 36.57 and the Price/Book (PB) ratio is 6.47.
Is the dividend of CORNING INC sustainable?
The dividend rating of CORNING INC (GLW.DE) is 3 / 10 and the dividend payout ratio is 72.69%.