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CORNING INC (GLW.DE) Stock Fundamental Analysis

Europe - Frankfurt Stock Exchange - FRA:GLW - US2193501051 - Common Stock

80.13 EUR
-0.13 (-0.16%)
Last: 1/22/2026, 7:00:00 PM
Fundamental Rating

5

GLW gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 52 industry peers in the Electronic Equipment, Instruments & Components industry. GLW has an average financial health and profitability rating. GLW is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

6

1. Profitability

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.
  • Each year in the past 5 years GLW had a positive operating cash flow.
GLW.DE Yearly Net Income VS EBIT VS OCF VS FCFGLW.DE 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 0 1B 2B 3B

1.2 Ratios

  • With a decent Return On Assets value of 4.57%, GLW is doing good in the industry, outperforming 73.08% of the companies in the same industry.
  • GLW has a Return On Equity of 11.84%. This is in the better half of the industry: GLW outperforms 76.92% of its industry peers.
  • The Return On Invested Capital of GLW (6.25%) is better than 71.15% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for GLW is below the industry average of 7.60%.
  • The last Return On Invested Capital (6.25%) for GLW is above the 3 year average (3.70%), which is a sign of increasing profitability.
Industry RankSector 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%
GLW.DE Yearly ROA, ROE, ROICGLW.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15 20

1.3 Margins

  • GLW has a better Profit Margin (9.16%) than 86.54% of its industry peers.
  • In the last couple of years the Profit Margin of GLW has declined.
  • GLW has a Operating Margin of 13.41%. This is amongst the best in the industry. GLW outperforms 86.54% of its industry peers.
  • In the last couple of years the Operating Margin of GLW has declined.
  • Looking at the Gross Margin, with a value of 35.69%, GLW is in line with its industry, outperforming 40.38% of the companies in the same industry.
  • GLW's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
GLW.DE Yearly Profit, Operating, Gross MarginsGLW.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

4

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.
  • The number of shares outstanding for GLW has been reduced compared to 1 year ago.
  • GLW has more shares outstanding than it did 5 years ago.
  • GLW has a better debt/assets ratio than last year.
GLW.DE Yearly Shares OutstandingGLW.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
GLW.DE Yearly Total Debt VS Total AssetsGLW.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

  • An Altman-Z score of 4.23 indicates that GLW is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of GLW (4.23) is better than 78.85% 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.
  • GLW's Debt to FCF ratio of 7.07 is in line compared to the rest of the industry. GLW outperforms 46.15% of its industry peers.
  • GLW has a Debt/Equity ratio of 0.64. This is a neutral value indicating GLW is somewhat dependend on debt financing.
  • The Debt to Equity ratio of GLW (0.64) is worse than 73.08% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 7.07
Altman-Z 4.23
ROIC/WACC0.43
WACC14.63%
GLW.DE Yearly LT Debt VS Equity VS FCFGLW.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.3 Liquidity

  • GLW has a Current Ratio of 1.56. This is a normal value and indicates that GLW is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Current ratio value of 1.56, GLW perfoms like the industry average, outperforming 40.38% of the companies in the same industry.
  • A Quick Ratio of 1.00 indicates that GLW may have some problems paying its short term obligations.
  • GLW has a Quick ratio (1.00) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.56
Quick Ratio 1
GLW.DE Yearly Current Assets VS Current LiabilitesGLW.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

7

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.
  • Looking at the last year, GLW shows a quite strong growth in Revenue. The Revenue has grown by 18.27% in the last year.
  • Measured over the past years, GLW shows a small growth in Revenue. The Revenue has been growing by 2.66% on average per year.
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

  • The Earnings Per Share is expected to grow by 20.01% on average over the next years. This is a very strong growth
  • 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.
GLW.DE Yearly Revenue VS EstimatesGLW.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5B 10B 15B 20B
GLW.DE Yearly EPS VS EstimatesGLW.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4

2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 39.47 indicates a quite expensive valuation of GLW.
  • GLW's Price/Earnings ratio is a bit cheaper when compared to the industry. GLW is cheaper than 63.46% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.30. GLW is valued slightly more expensive when compared to this.
  • A Price/Forward Earnings ratio of 30.33 indicates a quite expensive valuation of GLW.
  • Based on the Price/Forward Earnings ratio, GLW is valued a bit more expensive than 61.54% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.32, GLW is valued a bit more expensive.
Industry RankSector Rank
PE 39.47
Fwd PE 30.33
GLW.DE Price Earnings VS Forward Price EarningsGLW.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, GLW is valued a bit more expensive than the industry average as 61.54% of the companies are valued more cheaply.
  • GLW's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. GLW is more expensive than 69.23% of the companies in the same industry.
Industry RankSector Rank
P/FCF 69.21
EV/EBITDA 26.12
GLW.DE Per share dataGLW.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

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 22.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.32
PEG (5Y)17.22
EPS Next 2Y25.62%
EPS Next 3Y22.89%

3

5. Dividend

5.1 Amount

  • GLW has a Yearly Dividend Yield of 1.20%. Purely for dividend investing, there may be better candidates out there.
  • GLW's Dividend Yield is comparable with the industry average which is at 1.54.
  • Compared to the average S&P500 Dividend Yield of 1.82, GLW is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.2%

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
GLW.DE Yearly Dividends per shareGLW.DE Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 72.69% 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.
DP72.69%
EPS Next 2Y25.62%
EPS Next 3Y22.89%
GLW.DE Yearly Income VS Free CF VS DividendGLW.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B
GLW.DE Dividend Payout.GLW.DE Dividend Payout, showing the Payout Ratio.GLW.DE Dividend Payout.PayoutRetained Earnings

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 6 / 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 29.85% 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 72.69%.