CORNING INC (GLW) Stock Fundamental Analysis
NYSE:GLW - New York Stock Exchange, Inc. - US2193501051 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to GLW. GLW was compared to 125 industry peers in the Electronic Equipment, Instruments & Components industry. GLW has only an average score on both its financial health and profitability. 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.
GLW had a positive operating cash flow in the past year.
In the past 5 years GLW has always 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 line with its industry, outperforming 57.60% of the companies in the same industry.
GLW has a Return On Equity of 4.24%. This is in the better half of the industry: GLW outperforms 60.80% of its industry peers.
With a decent Return On Invested Capital value of 4.41%, GLW is doing good in the industry, outperforming 60.80% 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 significantly below the industry average of 9.30%.
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 68.00% of its industry peers.
In the last couple of years the Profit Margin of GLW has declined.
Looking at the Operating Margin, with a value of 9.75%, GLW is in the better half of the industry, outperforming 79.20% 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 perfoms like the industry average, outperforming 53.60% of the companies in the same industry.
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
GLW has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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 3.22. This indicates that GLW is financially healthy and has little risk of bankruptcy at the moment.
GLW has a Altman-Z score (3.22) which is comparable to the rest of the 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 of 6.74. This is comparable to the rest of the industry: GLW outperforms 56.00% of its industry peers.
GLW has a Debt/Equity ratio of 0.65. This is a neutral value indicating GLW is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.65, GLW is not doing good in the industry: 80.80% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 6.74 | ||
| Altman-Z | 3.22 |
ROIC/WACC0.54
WACC8.19%
2.3 Liquidity
A Current Ratio of 1.69 indicates that GLW should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.69, GLW is doing worse than 70.40% of the companies in the same industry.
A Quick Ratio of 1.05 indicates that GLW should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.05, GLW is not doing good in the industry: 78.40% of the companies in the same industry are doing better.
| 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.
GLW shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.77%.
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
The Earnings Per Share is expected to grow by 14.92% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.71% on average over the next years.
EPS Next Y21.89%
EPS Next 2Y18.16%
EPS Next 3Y15.64%
EPS Next 5Y14.92%
Revenue Next Year8.63%
Revenue Next 2Y8.1%
Revenue Next 3Y7.71%
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 24.85.
Based on the Price/Earnings ratio, GLW is valued a bit cheaper than 68.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of GLW to the average of the S&P500 Index (27.21), we can say GLW is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 19.25, the valuation of GLW can be described as rather expensive.
68.00% of the companies in the same industry are more expensive than GLW, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of GLW to the average of the S&P500 Index (21.70), we can say GLW is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.85 | ||
| Fwd PE | 19.25 |
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.
62.40% of the companies in the same industry are more expensive than GLW, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.05 | ||
| EV/EBITDA | 19.16 |
4.3 Compensation for Growth
The 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 15.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.14
PEG (5Y)10.84
EPS Next 2Y18.16%
EPS Next 3Y15.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.17%, GLW has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.95, GLW pays a better dividend. On top of this GLW pays more dividend than 94.40% of the companies listed in the same industry.
GLW's Dividend Yield is comparable with the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
5.2 History
The dividend of GLW has a limited annual growth rate of 4.75%.
GLW has paid a dividend for at least 10 years, which is a reliable track record.
GLW has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.75%
Div Incr Years0
Div Non Decr Years17
5.3 Sustainability
216.96% of the earnings are spent on dividend by GLW. 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%
NYSE:GLW (7/2/2025, 3:46:05 PM)
52.68
+0.09 (+0.17%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners73.93%
Inst Owner Change1.33%
Ins Owners0.22%
Ins Owner Change0.13%
Market Cap45.12B
Analysts80
Price Target54.51 (3.47%)
Short Float %1.67%
Short Ratio2.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
Yearly Dividend1.21
Dividend Growth(5Y)4.75%
DP216.96%
Div Incr Years0
Div Non Decr Years17
Ex-Date
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)0.69%
PT rev (3m)-4.56%
EPS NQ rev (1m)0.05%
EPS NQ rev (3m)0.47%
EPS NY rev (1m)-0.21%
EPS NY rev (3m)0.8%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)0.88%
Revenue NY rev (1m)0.2%
Revenue NY rev (3m)1.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.85 | ||
| Fwd PE | 19.25 | ||
| P/S | 3.32 | ||
| P/FCF | 42.05 | ||
| P/OCF | 22.63 | ||
| P/B | 4.21 | ||
| P/tB | 5.93 | ||
| EV/EBITDA | 19.16 |
EPS(TTM)2.12
EY4.02%
EPS(NY)2.74
Fwd EY5.19%
FCF(TTM)1.25
FCFY2.38%
OCF(TTM)2.33
OCFY4.42%
SpS15.87
BVpS12.51
TBVpS8.89
PEG (NY)1.14
PEG (5Y)10.84
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 | 3.22 |
F-Score8
WACC8.19%
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 Y21.89%
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 Year8.63%
Revenue Next 2Y8.1%
Revenue Next 3Y7.71%
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%