CORNING INC (GLW) Fundamental Analysis & Valuation

NYSE:GLW • US2193501051

Current stock price

142.01 USD
+11.04 (+8.43%)
At close:
144.14 USD
+2.13 (+1.5%)
After Hours:

This GLW fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. GLW Profitability Analysis

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.
  • In the past 5 years GLW always reported a positive cash flow from operatings.
GLW Yearly Net Income VS EBIT VS OCF VS FCFGLW Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

1.2 Ratios

  • With a decent Return On Assets value of 5.15%, GLW is doing good in the industry, outperforming 73.39% of the companies in the same industry.
  • The Return On Equity of GLW (13.52%) is better than 80.65% of its industry peers.
  • The Return On Invested Capital of GLW (7.09%) is better than 71.77% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for GLW is below the industry average of 8.36%.
  • The last Return On Invested Capital (7.09%) for GLW is above the 3 year average (4.64%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.15%
ROE 13.52%
ROIC 7.09%
ROA(3y)3.01%
ROA(5y)3.41%
ROE(3y)7.76%
ROE(5y)8.6%
ROIC(3y)4.64%
ROIC(5y)5.03%
GLW Yearly ROA, ROE, ROICGLW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

1.3 Margins

  • The Profit Margin of GLW (10.21%) is better than 84.68% of its industry peers.
  • In the last couple of years the Profit Margin of GLW has grown nicely.
  • GLW has a better Operating Margin (14.58%) than 85.48% of its industry peers.
  • GLW's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 35.97%, GLW is in line with its industry, outperforming 57.26% of the companies in the same industry.
  • GLW's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 14.58%
PM (TTM) 10.21%
GM 35.97%
OM growth 3Y12.89%
OM growth 5Y26.49%
PM growth 3Y3.26%
PM growth 5Y22.76%
GM growth 3Y4.24%
GM growth 5Y2.86%
GLW Yearly Profit, Operating, Gross MarginsGLW Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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4

2. GLW Health Analysis

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
  • GLW has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for GLW is higher compared to a year ago.
GLW Yearly Shares OutstandingGLW Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
GLW Yearly Total Debt VS Total AssetsGLW Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • GLW has an Altman-Z score of 5.14. This indicates that GLW is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 5.14, GLW is in the better half of the industry, outperforming 71.77% of the companies in the same industry.
  • GLW has a debt to FCF ratio of 5.97. This is a neutral value as GLW would need 5.97 years to pay back of all of its debts.
  • GLW has a Debt to FCF ratio (5.97) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.65 indicates that GLW is somewhat dependend on debt financing.
  • GLW has a Debt to Equity ratio of 0.65. This is in the lower half of the industry: GLW underperforms 79.03% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 5.97
Altman-Z 5.14
ROIC/WACC0.76
WACC9.33%
GLW Yearly LT Debt VS Equity VS FCFGLW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.3 Liquidity

  • GLW has a Current Ratio of 1.59. This is a normal value and indicates that GLW is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.59, GLW is doing worse than 74.19% of the companies in the same industry.
  • GLW has a Quick Ratio of 1.04. 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 of 1.04. This is in the lower half of the industry: GLW underperforms 79.03% of its industry peers.
Industry RankSector Rank
Current Ratio 1.59
Quick Ratio 1.04
GLW Yearly Current Assets VS Current LiabilitesGLW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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7

3. GLW Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 29.08% over the past year.
  • The Earnings Per Share has been growing by 12.56% on average over the past years. This is quite good.
  • The Revenue has grown by 19.14% in the past year. This is quite good.
  • The Revenue has been growing slightly by 6.70% on average over the past years.
EPS 1Y (TTM)29.08%
EPS 3Y6.58%
EPS 5Y12.56%
EPS Q2Q%26.32%
Revenue 1Y (TTM)19.14%
Revenue growth 3Y3.27%
Revenue growth 5Y6.7%
Sales Q2Q%13.89%

3.2 Future

  • GLW is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.85% yearly.
  • Based on estimates for the next years, GLW will show a quite strong growth in Revenue. The Revenue will grow by 12.61% on average per year.
EPS Next Y23.38%
EPS Next 2Y23.56%
EPS Next 3Y22.9%
EPS Next 5Y22.85%
Revenue Next Year14.27%
Revenue Next 2Y13.6%
Revenue Next 3Y12.61%
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.
GLW Yearly Revenue VS EstimatesGLW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B 20B
GLW Yearly EPS VS EstimatesGLW Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

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3

4. GLW Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 56.13, which means the current valuation is very expensive for GLW.
  • Compared to the rest of the industry, the Price/Earnings ratio of GLW is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of GLW to the average of the S&P500 Index (25.50), we can say GLW is valued expensively.
  • The Price/Forward Earnings ratio is 45.49, which means the current valuation is very expensive for GLW.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of GLW is on the same level as its industry peers.
  • GLW is valuated expensively when we compare the Price/Forward Earnings ratio to 22.67, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 56.13
Fwd PE 45.49
GLW Price Earnings VS Forward Price EarningsGLW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • GLW's Enterprise Value to EBITDA is on the same level as the industry average.
  • GLW's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 86.23
EV/EBITDA 32.89
GLW Per share dataGLW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • GLW has an outstanding profitability rating, which may justify a higher PE ratio.
  • GLW's earnings are expected to grow with 22.90% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.4
PEG (5Y)4.47
EPS Next 2Y23.56%
EPS Next 3Y22.9%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. GLW Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.84%, GLW is not a good candidate for dividend investing.
  • GLW's Dividend Yield is rather good when compared to the industry average which is at 0.46. GLW pays more dividend than 83.87% of the companies in the same industry.
  • With a Dividend Yield of 0.84, GLW pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 0.84%

5.2 History

  • The dividend of GLW has a limited annual growth rate of 3.64%.
  • GLW has been paying a dividend for at least 10 years, so it has a reliable track record.
  • GLW has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.64%
Div Incr Years0
Div Non Decr Years17
GLW Yearly Dividends per shareGLW Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • GLW pays out 62.59% 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.
DP62.59%
EPS Next 2Y23.56%
EPS Next 3Y22.9%
GLW Yearly Income VS Free CF VS DividendGLW Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B
GLW Dividend Payout.GLW Dividend Payout, showing the Payout Ratio.GLW Dividend Payout.PayoutRetained Earnings

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GLW Fundamentals: All Metrics, Ratios and Statistics

CORNING INC

NYSE:GLW (3/24/2026, 7:35:58 PM)

After market: 144.14 +2.13 (+1.5%)

142.01

+11.04 (+8.43%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-03
Earnings (Next)04-27
Inst Owners74.83%
Inst Owner Change-0.15%
Ins Owners0.15%
Ins Owner Change-0.41%
Market Cap121.84B
Revenue(TTM)15.63B
Net Income(TTM)1.60B
Analysts82
Price Target124.9 (-12.05%)
Short Float %1.94%
Short Ratio1.4
Dividend
Industry RankSector Rank
Dividend Yield 0.84%
Yearly Dividend1.23
Dividend Growth(5Y)3.64%
DP62.59%
Div Incr Years0
Div Non Decr Years17
Ex-Date02-27
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.51%
Min EPS beat(2)-0.04%
Max EPS beat(2)1.06%
EPS beat(4)3
Avg EPS beat(4)2.75%
Min EPS beat(4)-0.04%
Max EPS beat(4)5.64%
EPS beat(8)7
Avg EPS beat(8)2.65%
EPS beat(12)8
Avg EPS beat(12)1.37%
EPS beat(16)10
Avg EPS beat(16)1.76%
Revenue beat(2)2
Avg Revenue beat(2)0.22%
Min Revenue beat(2)0.07%
Max Revenue beat(2)0.36%
Revenue beat(4)3
Avg Revenue beat(4)1.07%
Min Revenue beat(4)-0.03%
Max Revenue beat(4)3.88%
Revenue beat(8)6
Avg Revenue beat(8)1.24%
Revenue beat(12)6
Avg Revenue beat(12)0.03%
Revenue beat(16)7
Avg Revenue beat(16)-0.82%
PT rev (1m)9.64%
PT rev (3m)30.35%
EPS NQ rev (1m)0.88%
EPS NQ rev (3m)4.08%
EPS NY rev (1m)0.78%
EPS NY rev (3m)0.92%
Revenue NQ rev (1m)0.56%
Revenue NQ rev (3m)0.94%
Revenue NY rev (1m)0.81%
Revenue NY rev (3m)2.11%
Valuation
Industry RankSector Rank
PE 56.13
Fwd PE 45.49
P/S 7.8
P/FCF 86.23
P/OCF 45.21
P/B 10.32
P/tB 14.07
EV/EBITDA 32.89
EPS(TTM)2.53
EY1.78%
EPS(NY)3.12
Fwd EY2.2%
FCF(TTM)1.65
FCFY1.16%
OCF(TTM)3.14
OCFY2.21%
SpS18.22
BVpS13.76
TBVpS10.1
PEG (NY)2.4
PEG (5Y)4.47
Graham Number27.99
Profitability
Industry RankSector Rank
ROA 5.15%
ROE 13.52%
ROCE 8.99%
ROIC 7.09%
ROICexc 7.54%
ROICexgc 8.69%
OM 14.58%
PM (TTM) 10.21%
GM 35.97%
FCFM 9.04%
ROA(3y)3.01%
ROA(5y)3.41%
ROE(3y)7.76%
ROE(5y)8.6%
ROIC(3y)4.64%
ROIC(5y)5.03%
ROICexc(3y)4.98%
ROICexc(5y)5.42%
ROICexgc(3y)5.78%
ROICexgc(5y)6.35%
ROCE(3y)5.88%
ROCE(5y)6.38%
ROICexgc growth 3Y13.81%
ROICexgc growth 5Y34.82%
ROICexc growth 3Y14.65%
ROICexc growth 5Y35.54%
OM growth 3Y12.89%
OM growth 5Y26.49%
PM growth 3Y3.26%
PM growth 5Y22.76%
GM growth 3Y4.24%
GM growth 5Y2.86%
F-Score8
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 5.97
Debt/EBITDA 2.1
Cap/Depr 95.17%
Cap/Sales 8.2%
Interest Coverage 7.33
Cash Conversion 74.32%
Profit Quality 88.53%
Current Ratio 1.59
Quick Ratio 1.04
Altman-Z 5.14
F-Score8
WACC9.33%
ROIC/WACC0.76
Cap/Depr(3y)89.4%
Cap/Depr(5y)97.84%
Cap/Sales(3y)8.87%
Cap/Sales(5y)9.91%
Profit Quality(3y)128.96%
Profit Quality(5y)125.64%
High Growth Momentum
Growth
EPS 1Y (TTM)29.08%
EPS 3Y6.58%
EPS 5Y12.56%
EPS Q2Q%26.32%
EPS Next Y23.38%
EPS Next 2Y23.56%
EPS Next 3Y22.9%
EPS Next 5Y22.85%
Revenue 1Y (TTM)19.14%
Revenue growth 3Y3.27%
Revenue growth 5Y6.7%
Sales Q2Q%13.89%
Revenue Next Year14.27%
Revenue Next 2Y13.6%
Revenue Next 3Y12.61%
Revenue Next 5YN/A
EBIT growth 1Y100.79%
EBIT growth 3Y16.59%
EBIT growth 5Y34.96%
EBIT Next Year70.05%
EBIT Next 3Y30.18%
EBIT Next 5Y29.33%
FCF growth 1Y45.07%
FCF growth 3Y11.81%
FCF growth 5Y11.97%
OCF growth 1Y38.99%
OCF growth 3Y1.01%
OCF growth 5Y4.33%

CORNING INC / GLW Fundamental Analysis FAQ

What is the ChartMill fundamental rating of CORNING INC (GLW) stock?

ChartMill assigns a fundamental rating of 6 / 10 to GLW.


What is the valuation status of CORNING INC (GLW) stock?

ChartMill assigns a valuation rating of 3 / 10 to CORNING INC (GLW). This can be considered as Overvalued.


How profitable is CORNING INC (GLW) stock?

CORNING INC (GLW) has a profitability rating of 8 / 10.


Can you provide the expected EPS growth for GLW stock?

The Earnings per Share (EPS) of CORNING INC (GLW) is expected to grow by 23.38% in the next year.


Can you provide the dividend sustainability for GLW stock?

The dividend rating of CORNING INC (GLW) is 5 / 10 and the dividend payout ratio is 62.59%.