CORNING INC (GLW.DE) Stock Fundamental Analysis
Europe • Frankfurt Stock Exchange • FRA:GLW • US2193501051
99.93 EUR
+4.21 (+4.4%)
Last: Feb 6, 2026, 07:00 PM
Taking everything into account, GLW scores 5 out of 10 in our fundamental rating. GLW was compared to 55 industry peers in the Electronic Equipment, Instruments & Components industry. While GLW has a great profitability rating, there are some minor concerns on its financial health. GLW shows excellent growth, but is valued quite expensive already.
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
- GLW has a Return On Assets of 5.15%. This is in the better half of the industry: GLW outperforms 77.78% of its industry peers.
- GLW's Return On Equity of 13.52% is fine compared to the rest of the industry. GLW outperforms 79.63% of its industry peers.
- GLW has a better Return On Invested Capital (7.09%) than 72.22% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for GLW is below the industry average of 7.70%.
- 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 Rank | Sector 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%
1.3 Margins
- Looking at the Profit Margin, with a value of 10.21%, GLW belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
- GLW's Profit Margin has improved in the last couple of years.
- GLW has a Operating Margin of 14.58%. This is amongst the best in the industry. GLW outperforms 87.04% of its industry peers.
- GLW's Operating Margin has improved in the last couple of years.
- GLW has a Gross Margin (35.97%) which is comparable to the rest of the industry.
- GLW's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GLW is destroying value.
- GLW has less shares outstanding than it did 1 year ago.
- The number of shares outstanding for GLW has been increased compared to 5 years ago.
- Compared to 1 year ago, GLW has a worse debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 4.65 indicates that GLW is not in any danger for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 4.65, GLW belongs to the top of the industry, outperforming 81.48% 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 in line with its industry peers.
- A Debt/Equity ratio of 0.65 indicates that 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: 72.22% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 5.97 | ||
| Altman-Z | 4.65 |
ROIC/WACC0.48
WACC14.83%
2.3 Liquidity
- A Current Ratio of 1.59 indicates that GLW should not have too much problems paying its short term obligations.
- The Current ratio of GLW (1.59) is comparable to the rest of the 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 (1.04) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.59 | ||
| Quick Ratio | 1.04 |
3. Growth
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.
- The Revenue has grown by 19.14% in the past year. This is quite good.
- Measured over the past years, GLW shows a small growth in Revenue. The Revenue has been growing by 6.70% on average per year.
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 quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.84% yearly.
- Based on estimates for the next years, GLW will show a quite strong growth in Revenue. The Revenue will grow by 11.39% on average per year.
EPS Next Y22.85%
EPS Next 2Y20.28%
EPS Next 3Y21.11%
EPS Next 5Y17.84%
Revenue Next Year12.27%
Revenue Next 2Y11.39%
Revenue Next 3YN/A
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.
- 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
- Based on the Price/Earnings ratio of 46.70, the valuation of GLW can be described as expensive.
- The rest of the industry has a similar Price/Earnings ratio as GLW.
- GLW's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.92.
- GLW is valuated quite expensively with a Price/Forward Earnings ratio of 37.93.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of GLW indicates a slightly more expensive valuation: GLW is more expensive than 66.67% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 27.78, GLW is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.7 | ||
| Fwd PE | 37.93 |
4.2 Price Multiples
- 62.96% of the companies in the same industry are cheaper than GLW, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, GLW is valued a bit more expensive than 70.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 71.54 | ||
| EV/EBITDA | 28.61 |
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 21.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.04
PEG (5Y)3.72
EPS Next 2Y20.28%
EPS Next 3Y21.11%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.99%, GLW is not a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 1.52, GLW has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.81, GLW's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.99% |
5.2 History
- The dividend of GLW has a limited annual growth rate of 3.64%.
Dividend Growth(5Y)3.64%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
- 62.59% of the earnings are spent on dividend by GLW. 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 2Y20.28%
EPS Next 3Y21.11%
FRA:GLW (2/6/2026, 7:00:00 PM)
99.93
+4.21 (+4.4%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-03 2026-02-03/amc
Earnings (Next)04-27 2026-04-27/bmo
Inst Owners75.9%
Inst Owner ChangeN/A
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap85.68B
Revenue(TTM)15.63B
Net Income(TTM)1.60B
Analysts82
Price Target96.38 (-3.55%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.99% |
Yearly Dividend1.05
Dividend Growth(5Y)3.64%
DP62.59%
Div Incr Years0
Div Non Decr Years4
Ex-DateN/A
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)-1.54%
PT rev (3m)19.4%
EPS NQ rev (1m)0.18%
EPS NQ rev (3m)7.98%
EPS NY rev (1m)0.49%
EPS NY rev (3m)6.3%
Revenue NQ rev (1m)0.23%
Revenue NQ rev (3m)5.27%
Revenue NY rev (1m)0.32%
Revenue NY rev (3m)4.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.7 | ||
| Fwd PE | 37.93 | ||
| P/S | 6.47 | ||
| P/FCF | 71.54 | ||
| P/OCF | 37.51 | ||
| P/B | 8.56 | ||
| P/tB | 11.67 | ||
| EV/EBITDA | 28.61 |
EPS(TTM)2.14
EY2.14%
EPS(NY)2.63
Fwd EY2.64%
FCF(TTM)1.4
FCFY1.4%
OCF(TTM)2.66
OCFY2.67%
SpS15.45
BVpS11.67
TBVpS8.56
PEG (NY)2.04
PEG (5Y)3.72
Graham Number23.71
Profitability
| Industry Rank | Sector 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 5.97 | ||
| Debt/EBITDA | 2.1 | ||
| Cap/Depr | 95.17% | ||
| Cap/Sales | 8.2% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 74.32% | ||
| Profit Quality | 88.53% | ||
| Current Ratio | 1.59 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z | 4.65 |
F-Score8
WACC14.83%
ROIC/WACC0.48
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 Y22.85%
EPS Next 2Y20.28%
EPS Next 3Y21.11%
EPS Next 5Y17.84%
Revenue 1Y (TTM)19.14%
Revenue growth 3Y3.27%
Revenue growth 5Y6.7%
Sales Q2Q%13.89%
Revenue Next Year12.27%
Revenue Next 2Y11.39%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y100.79%
EBIT growth 3Y16.59%
EBIT growth 5Y34.96%
EBIT Next Year66.83%
EBIT Next 3Y33.94%
EBIT Next 5Y26.35%
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.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.
What is the valuation status of CORNING INC (GLW.DE) stock?
ChartMill assigns a valuation rating of 2 / 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 8 / 10.
Can you provide the expected EPS growth for GLW stock?
The Earnings per Share (EPS) of CORNING INC (GLW.DE) is expected to grow by 22.85% in the next year.
Can you provide the dividend sustainability for GLW stock?
The dividend rating of CORNING INC (GLW.DE) is 3 / 10 and the dividend payout ratio is 62.59%.