CORNING INC (GLW.DE) Stock Fundamental Analysis
FRA:GLW - Deutsche Boerse Ag - US2193501051 - Common Stock - Currency: EUR
Taking everything into account, GLW scores 5 out of 10 in our fundamental rating. GLW was compared to 50 industry peers in the Electronic Equipment, Instruments & Components industry. Both the profitability and the financial health of GLW get a neutral evaluation. Nothing too spectacular is happening here. GLW has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year GLW was profitable.
In the past year GLW had a positive cash flow from operations.
GLW had positive earnings in each of the past 5 years.
In the past 5 years GLW always reported a positive cash flow from operatings.
1.2 Ratios
GLW's Return On Assets of 1.66% is fine compared to the rest of the industry. GLW outperforms 66.00% of its industry peers.
The Return On Equity of GLW (4.24%) is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 4.41%, GLW is in the better half of the industry, outperforming 62.00% 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 6.87%.
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 Profit Margin of 3.34%. This is in the better half of the industry: GLW outperforms 74.00% of its industry peers.
In the last couple of years the Profit Margin of GLW has declined.
With an excellent Operating Margin value of 9.75%, GLW belongs to the best of the industry, outperforming 88.00% of the companies in the same industry.
In the last couple of years the Operating Margin of GLW has declined.
GLW has a Gross Margin of 33.08%. This is in the lower half of the industry: GLW underperforms 60.00% of its industry peers.
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 | 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.
GLW has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, GLW has more shares outstanding
Compared to 1 year ago, GLW has an improved debt to assets ratio.
2.2 Solvency
GLW has an Altman-Z score of 3.16. This indicates that GLW is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 3.16, GLW is doing good in the industry, outperforming 70.00% of the companies in the same industry.
GLW has a debt to FCF ratio of 6.74. This is a slightly negative value and a sign of low solvency as GLW would need 6.74 years to pay back of all of its debts.
GLW has a Debt to FCF ratio (6.74) which 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 66.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 6.74 | ||
| Altman-Z | 3.16 |
ROIC/WACC0.54
WACC8.23%
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.
GLW has a Quick ratio (1.05) which is comparable to the rest of the 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.
The Revenue has grown by 9.77% in the past year. This is quite good.
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
GLW is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.92% yearly.
GLW is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.20% yearly.
EPS Next Y22.15%
EPS Next 2Y18.02%
EPS Next 3Y15.27%
EPS Next 5Y14.92%
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.
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
GLW is valuated rather expensively with a Price/Earnings ratio of 23.75.
Based on the Price/Earnings ratio, GLW is valued a bit cheaper than the industry average as 70.00% of the companies are valued more expensively.
GLW's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.35.
Based on the Price/Forward Earnings ratio of 18.47, the valuation of GLW can be described as rather expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as GLW.
GLW's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.19.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.75 | ||
| Fwd PE | 18.47 |
4.2 Price Multiples
GLW'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 GLW.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.25 | ||
| EV/EBITDA | 18.46 |
4.3 Compensation for Growth
GLW's 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.
GLW's earnings are expected to grow with 15.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.07
PEG (5Y)10.36
EPS Next 2Y18.02%
EPS Next 3Y15.27%
5. Dividend
5.1 Amount
GLW has a Yearly Dividend Yield of 2.20%. Purely for dividend investing, there may be better candidates out there.
GLW's Dividend Yield is a higher than the industry average which is at 2.97.
GLW's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.2% |
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 216.96% of its income as dividend. 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 (6/18/2025, 7:00:00 PM)
43.935
-0.01 (-0.02%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners73.93%
Inst Owner ChangeN/A
Ins Owners0.22%
Ins Owner ChangeN/A
Market Cap37.63B
Analysts80
Price Target47.52 (8.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.2% |
Yearly Dividend1.05
Dividend Growth(5Y)4.75%
DP216.96%
Div Incr Years0
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)-0.85%
PT rev (3m)-11.81%
EPS NQ rev (1m)0.05%
EPS NQ rev (3m)0.6%
EPS NY rev (1m)0%
EPS NY rev (3m)1.25%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)1.75%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.75 | ||
| Fwd PE | 18.47 | ||
| P/S | 3.18 | ||
| P/FCF | 40.25 | ||
| P/OCF | 21.66 | ||
| P/B | 4.03 | ||
| P/tB | 5.67 | ||
| EV/EBITDA | 18.46 |
EPS(TTM)1.85
EY4.21%
EPS(NY)2.38
Fwd EY5.41%
FCF(TTM)1.09
FCFY2.48%
OCF(TTM)2.03
OCFY4.62%
SpS13.83
BVpS10.9
TBVpS7.74
PEG (NY)1.07
PEG (5Y)10.36
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 | 3.16 |
F-Score8
WACC8.23%
ROIC/WACC0.54
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 5Y14.92%
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 5Y23.17%
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%