CORNING INC (GLW.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:GLW - US2193501051 - Common Stock
74.35 EUR
+1.74 (+2.4%)
Taking everything into account, GLW scores 5 out of 10 in our fundamental rating. GLW was compared to 53 industry peers in the Electronic Equipment, Instruments & Components industry. GLW has an average financial health and profitability rating. GLW is valued quite expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
In the past year GLW was profitable.
GLW had a positive operating cash flow in the past year.
In the past 5 years GLW has always been profitable.
Each year in the past 5 years GLW had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.57%, GLW is in the better half of the industry, outperforming 75.47% of the companies in the same industry.
With a decent Return On Equity value of 11.84%, GLW is doing good in the industry, outperforming 79.25% of the companies in the same industry.
The Return On Invested Capital of GLW (6.25%) is better than 71.70% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GLW is below the industry average of 7.47%.
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 88.68% of the companies in the same industry.
GLW's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 13.41%, GLW belongs to the top of the industry, outperforming 88.68% of the companies in the same industry.
GLW's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 35.69%, GLW perfoms like the industry average, outperforming 41.51% 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 | 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
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.
Compared to 5 years ago, GLW has more shares outstanding
GLW has a better debt/assets ratio than last year.
2.2 Solvency
GLW has an Altman-Z score of 3.99. This indicates that GLW is financially healthy and has little risk of bankruptcy at the moment.
GLW has a Altman-Z score of 3.99. This is in the better half of the industry: GLW outperforms 77.36% of its industry peers.
GLW has a debt to FCF ratio of 7.07. This is a slightly negative value and a sign of low solvency as GLW would need 7.07 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 7.07, GLW is in line with its industry, outperforming 47.17% of the companies in the same industry.
A Debt/Equity ratio of 0.64 indicates that GLW is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.64, GLW is not doing good in the industry: 73.58% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 7.07 | ||
| Altman-Z | 3.99 |
ROIC/WACC0.71
WACC8.87%
2.3 Liquidity
A Current Ratio of 1.56 indicates that GLW should not have too much problems paying its short term obligations.
With a Current ratio value of 1.56, GLW perfoms like the industry average, outperforming 41.51% of the companies in the same industry.
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.
Looking at the Quick ratio, with a value of 1.00, GLW is in line with its industry, outperforming 50.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.56 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
GLW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 33.71%, which is quite impressive.
The Earnings Per Share has been growing slightly by 2.29% on average over the past years.
GLW shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.27%.
GLW shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.66% yearly.
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 11.98% on average per year.
EPS Next Y29.85%
EPS Next 2Y25.62%
EPS Next 3Y22.89%
EPS Next 5Y20.01%
Revenue Next Year13.9%
Revenue Next 2Y12.92%
Revenue Next 3Y11.98%
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
GLW is valuated quite expensively with a Price/Earnings ratio of 36.63.
Based on the Price/Earnings ratio, GLW is valued a bit cheaper than the industry average as 60.38% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.26. GLW is valued slightly more expensive when compared to this.
GLW is valuated quite expensively with a Price/Forward Earnings ratio of 28.18.
The rest of the industry has a similar Price/Forward Earnings ratio as GLW.
GLW is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.68, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.63 | ||
| Fwd PE | 28.18 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GLW is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, GLW is valued a bit more expensive than 66.04% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 64.3 | ||
| EV/EBITDA | 23.88 |
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.
A more expensive valuation may be justified as GLW's earnings are expected to grow with 22.89% in the coming years.
PEG (NY)1.23
PEG (5Y)15.98
EPS Next 2Y25.62%
EPS Next 3Y22.89%
5. Dividend
5.1 Amount
GLW has a Yearly Dividend Yield of 1.17%.
GLW's Dividend Yield is comparable with the industry average which is at 1.66.
Compared to the average S&P500 Dividend Yield of 1.87, GLW is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.17% |
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 2Y25.62%
EPS Next 3Y22.89%
FRA:GLW (12/18/2025, 7:00:00 PM)
74.35
+1.74 (+2.4%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners75.83%
Inst Owner ChangeN/A
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap63.74B
Revenue(TTM)14.91B
Net Income(TTM)1.37B
Analysts82
Price Target80.29 (7.99%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.17% |
Yearly Dividend1.03
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)16.76%
PT rev (3m)30.28%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.05%
EPS NY rev (1m)0%
EPS NY rev (3m)1.85%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)2.35%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.63 | ||
| Fwd PE | 28.18 | ||
| P/S | 5.01 | ||
| P/FCF | 64.3 | ||
| P/OCF | 32.98 | ||
| P/B | 6.48 | ||
| P/tB | 8.93 | ||
| EV/EBITDA | 23.88 |
EPS(TTM)2.03
EY2.73%
EPS(NY)2.64
Fwd EY3.55%
FCF(TTM)1.16
FCFY1.56%
OCF(TTM)2.25
OCFY3.03%
SpS14.84
BVpS11.48
TBVpS8.32
PEG (NY)1.23
PEG (5Y)15.98
Graham Number22.9
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 | 3.99 |
F-Score8
WACC8.87%
ROIC/WACC0.71
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 2Y25.62%
EPS Next 3Y22.89%
EPS Next 5Y20.01%
Revenue 1Y (TTM)18.27%
Revenue growth 3Y-2.34%
Revenue growth 5Y2.66%
Sales Q2Q%14.44%
Revenue Next Year13.9%
Revenue Next 2Y12.92%
Revenue Next 3Y11.98%
Revenue Next 5YN/A
EBIT growth 1Y143.9%
EBIT growth 3Y-18.7%
EBIT growth 5Y-2.77%
EBIT Next Year88.29%
EBIT Next 3Y37.8%
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 3 / 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 6 / 10.
Can you provide the PE and PB ratios for GLW stock?
The Price/Earnings (PE) ratio for CORNING INC (GLW.DE) is 36.63 and the Price/Book (PB) ratio is 6.48.
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%.