CORNING INC (GLW) Fundamental Analysis & Valuation

NYSE:GLW • US2193501051

Current stock price

172.82 USD
-2.35 (-1.34%)
At close:
172.799 USD
-0.02 (-0.01%)
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.
  • In the past year GLW had a positive cash flow from operations.
  • 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.
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

  • GLW has a Return On Assets of 5.15%. This is in the better half of the industry: GLW outperforms 73.39% of its industry peers.
  • With an excellent Return On Equity value of 13.52%, GLW belongs to the best of the industry, outperforming 82.26% of the companies in the same industry.
  • GLW has a Return On Invested Capital of 7.09%. This is in the better half of the industry: GLW outperforms 72.58% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for GLW is below the industry average of 8.11%.
  • The 3 year average ROIC (4.64%) for GLW is below the current ROIC(7.09%), indicating increased profibility in the last year.
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

  • GLW's Profit Margin of 10.21% is amongst the best of the industry. GLW outperforms 83.87% of its industry peers.
  • In the last couple of years the Profit Margin of GLW has grown nicely.
  • The Operating Margin of GLW (14.58%) is better than 85.48% of its industry peers.
  • In the last couple of years the Operating Margin of GLW has grown nicely.
  • GLW has a Gross Margin (35.97%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of GLW has grown nicely.
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

  • GLW has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, GLW has less shares outstanding
  • The number of shares outstanding for GLW has been increased compared to 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 6.33. This indicates that GLW is financially healthy and has little risk of bankruptcy at the moment.
  • GLW has a Altman-Z score of 6.33. This is in the better half of the industry: GLW outperforms 75.00% of its industry peers.
  • The Debt to FCF ratio of GLW is 5.97, which is a neutral value as it means it would take GLW, 5.97 years of fcf income to pay off all of its debts.
  • GLW has a Debt to FCF ratio (5.97) 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 78.23% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 5.97
Altman-Z 6.33
ROIC/WACC0.74
WACC9.52%
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

  • A Current Ratio of 1.59 indicates that GLW should not have too much problems paying its short term obligations.
  • GLW has a worse Current ratio (1.59) than 74.19% of its industry peers.
  • 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 79.84% 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

  • GLW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 29.08%, which is quite impressive.
  • Measured over the past years, GLW shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.56% on average per year.
  • GLW shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.14%.
  • 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

  • Based on estimates for the next years, GLW will show a very strong growth in Earnings Per Share. The EPS will grow by 22.85% on average per year.
  • GLW is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.49% yearly.
EPS Next Y24.13%
EPS Next 2Y24.45%
EPS Next 3Y23.09%
EPS Next 5Y22.85%
Revenue Next Year14.32%
Revenue Next 2Y13.53%
Revenue Next 3Y12.49%
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.
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

  • A Price/Earnings ratio of 68.31 indicates a quite expensive valuation of GLW.
  • GLW's Price/Earnings is on the same level as the industry average.
  • GLW's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.18.
  • With a Price/Forward Earnings ratio of 55.03, GLW can be considered very expensive at the moment.
  • GLW's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of GLW to the average of the S&P500 Index (37.96), we can say GLW is valued slightly more expensively.
Industry RankSector Rank
PE 68.31
Fwd PE 55.03
GLW Price Earnings VS Forward Price EarningsGLW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • GLW's Enterprise Value to EBITDA is on the same level as the industry average.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as GLW.
Industry RankSector Rank
P/FCF 105.06
EV/EBITDA 43.4
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 GLW does not grow enough to justify the current Price/Earnings ratio.
  • GLW has an outstanding profitability rating, which may justify a higher PE ratio.
  • GLW's earnings are expected to grow with 23.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.83
PEG (5Y)5.44
EPS Next 2Y24.45%
EPS Next 3Y23.09%

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5

5. GLW Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.66%, GLW is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.45, GLW pays a better dividend. On top of this GLW pays more dividend than 83.06% of the companies listed in the same industry.
  • With a Dividend Yield of 0.66, GLW pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.66%

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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.64%
Div Incr Years0
Div Non Decr Years18
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.
  • The dividend of GLW is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.59%
EPS Next 2Y24.45%
EPS Next 3Y23.09%
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 (4/14/2026, 4:04:51 PM)

After market: 172.799 -0.02 (-0.01%)

172.82

-2.35 (-1.34%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-03
Earnings (Next)05-05
Inst Owners74.67%
Inst Owner Change-0.09%
Ins Owners0.15%
Ins Owner Change-0.41%
Market Cap148.45B
Revenue(TTM)15.63B
Net Income(TTM)1.60B
Analysts80.95
Price Target134.28 (-22.3%)
Short Float %1.93%
Short Ratio1.19
Dividend
Industry RankSector Rank
Dividend Yield 0.66%
Yearly Dividend1.23
Dividend Growth(5Y)3.64%
DP62.59%
Div Incr Years0
Div Non Decr Years18
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)7.51%
PT rev (3m)38.45%
EPS NQ rev (1m)0.04%
EPS NQ rev (3m)3.97%
EPS NY rev (1m)0.61%
EPS NY rev (3m)1.54%
Revenue NQ rev (1m)0.16%
Revenue NQ rev (3m)1.03%
Revenue NY rev (1m)0.42%
Revenue NY rev (3m)2.16%
Valuation
Industry RankSector Rank
PE 68.31
Fwd PE 55.03
P/S 9.5
P/FCF 105.06
P/OCF 55.09
P/B 12.57
P/tB 17.14
EV/EBITDA 43.4
EPS(TTM)2.53
EY1.46%
EPS(NY)3.14
Fwd EY1.82%
FCF(TTM)1.64
FCFY0.95%
OCF(TTM)3.14
OCFY1.82%
SpS18.19
BVpS13.74
TBVpS10.08
PEG (NY)2.83
PEG (5Y)5.44
Graham Number27.97
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 6.33
F-Score8
WACC9.52%
ROIC/WACC0.74
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 Y24.13%
EPS Next 2Y24.45%
EPS Next 3Y23.09%
EPS Next 5Y22.85%
Revenue 1Y (TTM)19.14%
Revenue growth 3Y3.27%
Revenue growth 5Y6.7%
Sales Q2Q%13.89%
Revenue Next Year14.32%
Revenue Next 2Y13.53%
Revenue Next 3Y12.49%
Revenue Next 5YN/A
EBIT growth 1Y100.79%
EBIT growth 3Y16.59%
EBIT growth 5Y34.96%
EBIT Next Year70.46%
EBIT Next 3Y30.09%
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.


Can you provide the profitability details for CORNING INC?

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


What are the PE and PB ratios of CORNING INC (GLW) stock?

The Price/Earnings (PE) ratio for CORNING INC (GLW) is 68.31 and the Price/Book (PB) ratio is 12.57.


What is the financial health of CORNING INC (GLW) stock?

The financial health rating of CORNING INC (GLW) is 4 / 10.