CORNING INC (GLW.DE) Stock Fundamental Analysis
FRA:GLW - Deutsche Boerse Ag - US2193501051 - Common Stock - Currency: EUR
Overall GLW gets a fundamental rating of 4 out of 10. We evaluated GLW against 53 industry peers in the Electronic Equipment, Instruments & Components industry. GLW has only an average score on both its financial health and profitability. GLW is valied quite expensively at the moment, while it does show 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.
In the past 5 years GLW always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.66%, GLW is in the better half of the industry, outperforming 62.26% of the companies in the same industry.
GLW's Return On Equity of 4.24% is in line compared to the rest of the industry. GLW outperforms 54.72% of its industry peers.
GLW has a Return On Invested Capital (4.41%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GLW is below the industry average of 7.71%.
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
The Profit Margin of GLW (3.34%) is better than 69.81% of its industry peers.
GLW's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 9.75%, GLW belongs to the best of the industry, outperforming 81.13% of the companies in the same industry.
In the last couple of years the Operating Margin of GLW has declined.
With a Gross Margin value of 33.08%, GLW is not doing good in the industry: 64.15% of the companies in the same industry are doing better.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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 3.55 indicates that GLW is not in any danger for bankruptcy at the moment.
GLW has a Altman-Z score of 3.55. This is in the better half of the industry: GLW outperforms 73.58% of its industry peers.
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 in line with its industry peers.
A Debt/Equity ratio of 0.65 indicates that GLW is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.65, GLW is doing worse than 69.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 6.74 | ||
| Altman-Z | 3.55 |
ROIC/WACC0.48
WACC9.12%
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.
The Current ratio of GLW (1.69) is comparable to the rest of the industry.
A Quick Ratio of 1.05 indicates that GLW should not have too much problems paying its short term obligations.
GLW has a Quick ratio of 1.05. This is comparable to the rest of the industry: GLW outperforms 52.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.69 | ||
| Quick Ratio | 1.05 |
3. Growth
3.1 Past
GLW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.95%, which is quite impressive.
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 7.59% yearly.
EPS Next Y21.93%
EPS Next 2Y18.16%
EPS Next 3Y15.64%
EPS Next 5Y14.92%
Revenue Next Year8.66%
Revenue Next 2Y8.2%
Revenue Next 3Y7.59%
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
The Price/Earnings ratio is 29.81, which means the current valuation is very expensive for GLW.
Based on the Price/Earnings ratio, GLW is valued a bit cheaper than 62.26% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.25, GLW is valued at the same level.
GLW is valuated rather expensively with a Price/Forward Earnings ratio of 23.06.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GLW is on the same level as its industry peers.
GLW's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 36.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.81 | ||
| Fwd PE | 23.06 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GLW indicates a slightly more expensive valuation: GLW is more expensive than 64.15% of the companies listed in the same industry.
60.38% of the companies in the same industry are cheaper than GLW, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 50.38 | ||
| EV/EBITDA | 22.55 |
4.3 Compensation for Growth
GLW's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as GLW's earnings are expected to grow with 15.64% in the coming years.
PEG (NY)1.36
PEG (5Y)13
EPS Next 2Y18.16%
EPS Next 3Y15.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.01%, GLW has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.86, GLW pays a bit more dividend than its industry peers.
GLW's Dividend Yield is comparable with the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
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.
GLW's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP216.96%
EPS Next 2Y18.16%
EPS Next 3Y15.64%
FRA:GLW (7/31/2025, 7:00:00 PM)
55.14
+0.84 (+1.55%)
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 Cap47.23B
Analysts80
Price Target49.31 (-10.57%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
Yearly Dividend1.03
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)3.96%
PT rev (3m)2.98%
EPS NQ rev (1m)-0.06%
EPS NQ rev (3m)0.4%
EPS NY rev (1m)0.03%
EPS NY rev (3m)1.19%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)0.8%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.81 | ||
| Fwd PE | 23.06 | ||
| P/S | 3.98 | ||
| P/FCF | 50.38 | ||
| P/OCF | 27.11 | ||
| P/B | 5.04 | ||
| P/tB | 7.1 | ||
| EV/EBITDA | 22.55 |
EPS(TTM)1.85
EY3.36%
EPS(NY)2.39
Fwd EY4.34%
FCF(TTM)1.09
FCFY1.99%
OCF(TTM)2.03
OCFY3.69%
SpS13.87
BVpS10.93
TBVpS7.77
PEG (NY)1.36
PEG (5Y)13
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 | 3.55 |
F-Score8
WACC9.12%
ROIC/WACC0.48
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 Y21.93%
EPS Next 2Y18.16%
EPS Next 3Y15.64%
EPS Next 5Y14.92%
Revenue 1Y (TTM)9.77%
Revenue growth 3Y-2.34%
Revenue growth 5Y2.66%
Sales Q2Q%12.92%
Revenue Next Year8.66%
Revenue Next 2Y8.2%
Revenue Next 3Y7.59%
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%