CORNING INC (GLW.DE) Stock Fundamental Analysis
FRA:GLW - Deutsche Boerse Ag - US2193501051 - Common Stock - Currency: EUR
GLW gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 49 industry peers in the Electronic Equipment, Instruments & Components industry. Both the profitability and the financial health of GLW get a neutral evaluation. Nothing too spectacular is happening here. GLW has a decent growth rate and is not valued too expensively.
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.
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
GLW has a Return On Assets of 1.82%. This is in the better half of the industry: GLW outperforms 69.39% of its industry peers.
GLW has a better Return On Equity (4.74%) than 63.27% of its industry peers.
GLW has a Return On Invested Capital (3.79%) which is in line with its industry peers.
GLW had an Average Return On Invested Capital over the past 3 years of 3.70%. This is below the industry average of 7.79%.
The last Return On Invested Capital (3.79%) for GLW is above the 3 year average (3.70%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.82% | ||
| ROE | 4.74% | ||
| ROIC | 3.79% |
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
Looking at the Profit Margin, with a value of 3.86%, GLW is in the better half of the industry, outperforming 79.59% of the companies in the same industry.
In the last couple of years the Profit Margin of GLW has declined.
GLW has a Operating Margin of 8.65%. This is amongst the best in the industry. GLW outperforms 83.67% of its industry peers.
In the last couple of years the Operating Margin of GLW has declined.
GLW has a Gross Margin of 32.60%. This is in the lower half of the industry: GLW underperforms 65.31% of its industry peers.
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 | 8.65% | ||
| PM (TTM) | 3.86% | ||
| GM | 32.6% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GLW is destroying value.
GLW has less shares outstanding than it did 1 year ago.
GLW has more shares outstanding than it did 5 years ago.
GLW has a better debt/assets ratio than last year.
2.2 Solvency
GLW has an Altman-Z score of 2.89. This is not the best score and indicates that GLW is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.89, GLW is in the better half of the industry, outperforming 65.31% of the companies in the same industry.
The Debt to FCF ratio of GLW is 7.40, which is on the high side as it means it would take GLW, 7.40 years of fcf income to pay off all of its debts.
GLW has a Debt to FCF ratio of 7.40. This is comparable to the rest of the industry: GLW outperforms 59.18% 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.
Looking at the Debt to Equity ratio, with a value of 0.64, GLW is doing worse than 65.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 7.4 | ||
| Altman-Z | 2.89 |
ROIC/WACC0.46
WACC8.28%
2.3 Liquidity
GLW has a Current Ratio of 1.62. 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 1.62, GLW is in line with its industry, outperforming 44.90% of the companies in the same industry.
A Quick Ratio of 1.07 indicates that GLW should not have too much problems paying its short term obligations.
GLW has a Quick ratio (1.07) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.62 | ||
| Quick Ratio | 1.07 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 15.29% over the past year.
Measured over the past 5 years, GLW shows a small growth in Earnings Per Share. The EPS has been growing by 2.29% on average per year.
GLW shows a small growth in Revenue. In the last year, the Revenue has grown by 4.21%.
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)15.29%
EPS 3Y-1.96%
EPS 5Y2.29%
EPS Q2Q%46.15%
Revenue 1Y (TTM)4.21%
Revenue growth 3Y-2.34%
Revenue growth 5Y2.66%
Sales Q2Q%18.4%
3.2 Future
The Earnings Per Share is expected to grow by 15.47% on average over the next years. This is quite good.
GLW is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.48% yearly.
EPS Next Y20.64%
EPS Next 2Y17.73%
EPS Next 3Y14.43%
EPS Next 5Y15.47%
Revenue Next Year7.06%
Revenue Next 2Y7.03%
Revenue Next 3Y6.48%
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
The Price/Earnings ratio is 22.64, which indicates a rather expensive current valuation of GLW.
Compared to the rest of the industry, the Price/Earnings ratio of GLW indicates a somewhat cheap valuation: GLW is cheaper than 67.35% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of GLW to the average of the S&P500 Index (29.35), we can say GLW is valued slightly cheaper.
GLW is valuated rather expensively with a Price/Forward Earnings ratio of 18.82.
GLW's Price/Forward Earnings is on the same level as the industry average.
GLW is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.64 | ||
| Fwd PE | 18.82 |
4.2 Price Multiples
GLW's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GLW is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.13 | ||
| EV/EBITDA | 17.53 |
4.3 Compensation for Growth
GLW's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
GLW has a very decent profitability rating, which may justify a higher PE ratio.
GLW's earnings are expected to grow with 14.43% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.1
PEG (5Y)9.88
EPS Next 2Y17.73%
EPS Next 3Y14.43%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.46%, GLW has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.31, GLW pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, GLW has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.46% |
5.2 History
The dividend of GLW has a limited annual growth rate of 4.75%.
Dividend Growth(5Y)4.75%
Div Incr Years3
Div Non Decr Years4
5.3 Sustainability
194.86% 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.
DP194.86%
EPS Next 2Y17.73%
EPS Next 3Y14.43%
FRA:GLW (3/7/2025, 7:00:00 PM)
40.985
-2.34 (-5.41%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners72.88%
Inst Owner ChangeN/A
Ins Owners0.22%
Ins Owner ChangeN/A
Market Cap35.11B
Analysts80
Price Target53.89 (31.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.46% |
Yearly Dividend1.11
Dividend Growth(5Y)4.75%
DP194.86%
Div Incr Years3
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.43%
Min EPS beat(2)0.96%
Max EPS beat(2)1.9%
EPS beat(4)4
Avg EPS beat(4)2.55%
Min EPS beat(4)0.56%
Max EPS beat(4)6.78%
EPS beat(8)5
Avg EPS beat(8)0.67%
EPS beat(12)7
Avg EPS beat(12)1.43%
EPS beat(16)10
Avg EPS beat(16)1.42%
Revenue beat(2)1
Avg Revenue beat(2)0.71%
Min Revenue beat(2)-0.51%
Max Revenue beat(2)1.92%
Revenue beat(4)3
Avg Revenue beat(4)1.4%
Min Revenue beat(4)-0.51%
Max Revenue beat(4)3.53%
Revenue beat(8)3
Avg Revenue beat(8)-0.5%
Revenue beat(12)4
Avg Revenue beat(12)-1.44%
Revenue beat(16)7
Avg Revenue beat(16)-0.73%
PT rev (1m)-4.37%
PT rev (3m)3.04%
EPS NQ rev (1m)-0.39%
EPS NQ rev (3m)3.65%
EPS NY rev (1m)1.48%
EPS NY rev (3m)1.53%
Revenue NQ rev (1m)-1.01%
Revenue NQ rev (3m)1.68%
Revenue NY rev (1m)-0.54%
Revenue NY rev (3m)0.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.64 | ||
| Fwd PE | 18.82 | ||
| P/S | 2.91 | ||
| P/FCF | 39.13 | ||
| P/OCF | 19.66 | ||
| P/B | 3.57 | ||
| P/tB | 5.03 | ||
| EV/EBITDA | 17.53 |
EPS(TTM)1.81
EY4.42%
EPS(NY)2.18
Fwd EY5.31%
FCF(TTM)1.05
FCFY2.56%
OCF(TTM)2.09
OCFY5.09%
SpS14.11
BVpS11.49
TBVpS8.14
PEG (NY)1.1
PEG (5Y)9.88
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.82% | ||
| ROE | 4.74% | ||
| ROCE | 4.97% | ||
| ROIC | 3.79% | ||
| ROICexc | 4.1% | ||
| ROICexgc | 4.82% | ||
| OM | 8.65% | ||
| PM (TTM) | 3.86% | ||
| GM | 32.6% | ||
| FCFM | 7.42% |
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-Score7
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 7.4 | ||
| Debt/EBITDA | 2.77 | ||
| Cap/Depr | 71.48% | ||
| Cap/Sales | 7.36% | ||
| Interest Coverage | 3.66 | ||
| Cash Conversion | 78.03% | ||
| Profit Quality | 192.49% | ||
| Current Ratio | 1.62 | ||
| Quick Ratio | 1.07 | ||
| Altman-Z | 2.89 |
F-Score7
WACC8.28%
ROIC/WACC0.46
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)15.29%
EPS 3Y-1.96%
EPS 5Y2.29%
EPS Q2Q%46.15%
EPS Next Y20.64%
EPS Next 2Y17.73%
EPS Next 3Y14.43%
EPS Next 5Y15.47%
Revenue 1Y (TTM)4.21%
Revenue growth 3Y-2.34%
Revenue growth 5Y2.66%
Sales Q2Q%18.4%
Revenue Next Year7.06%
Revenue Next 2Y7.03%
Revenue Next 3Y6.48%
Revenue Next 5YN/A
EBIT growth 1Y27.53%
EBIT growth 3Y-18.7%
EBIT growth 5Y-2.77%
EBIT Next Year80.02%
EBIT Next 3Y29.33%
EBIT Next 5Y26.48%
FCF growth 1Y58.37%
FCF growth 3Y-18.13%
FCF growth 5Y85.79%
OCF growth 1Y-3.29%
OCF growth 3Y-17.17%
OCF growth 5Y-0.92%