CORNING INC (GLW.DE) Stock Fundamental Analysis
Europe - FRA:GLW - US2193501051 - Common Stock
65.64 EUR
-0.37 (-0.56%)
We assign a fundamental rating of 5 out of 10 to GLW. GLW was compared to 52 industry peers in the Electronic Equipment, Instruments & Components industry. GLW has an average financial health and profitability rating. While showing a medium growth rate, GLW is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year GLW was profitable.
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.
1.2 Ratios
With a decent Return On Assets value of 2.85%, GLW is doing good in the industry, outperforming 75.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 7.37%, GLW is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
With a decent Return On Invested Capital value of 5.60%, GLW is doing good in the industry, outperforming 76.92% 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 below the industry average of 6.34%.
The 3 year average ROIC (3.70%) for GLW is below the current ROIC(5.60%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.85% | ||
| ROE | 7.37% | ||
| ROIC | 5.6% |
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 better Profit Margin (5.77%) than 84.62% of its industry peers.
In the last couple of years the Profit Margin of GLW has declined.
GLW has a better Operating Margin (12.06%) than 92.31% of its industry peers.
In the last couple of years the Operating Margin of GLW has declined.
GLW has a Gross Margin (34.77%) which is in line with 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 | 12.06% | ||
| PM (TTM) | 5.77% | ||
| GM | 34.77% |
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.
Compared to 1 year ago, GLW has less shares outstanding
GLW has more shares outstanding than it did 5 years ago.
The debt/assets ratio for GLW has been reduced compared to a year ago.
2.2 Solvency
GLW has an Altman-Z score of 3.84. This indicates that GLW is financially healthy and has little risk of bankruptcy at the moment.
GLW has a Altman-Z score of 3.84. This is in the better half of the industry: GLW outperforms 76.92% of its industry peers.
The Debt to FCF ratio of GLW is 6.28, which is on the high side as it means it would take GLW, 6.28 years of fcf income to pay off all of its debts.
GLW has a Debt to FCF ratio (6.28) which is comparable to the rest of the industry.
GLW has a Debt/Equity ratio of 0.60. This is a neutral value indicating GLW is somewhat dependend on debt financing.
GLW's Debt to Equity ratio of 0.60 is on the low side compared to the rest of the industry. GLW is outperformed by 63.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 6.28 | ||
| Altman-Z | 3.84 |
ROIC/WACC0.62
WACC9.05%
2.3 Liquidity
GLW has a Current Ratio of 1.50. 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 Current ratio of 1.50. This is comparable to the rest of the industry: GLW outperforms 44.23% of its industry peers.
GLW has a Quick Ratio of 1.50. This is a bad value and indicates that GLW is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.93, GLW perfoms like the industry average, outperforming 42.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.5 | ||
| Quick Ratio | 0.93 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 33.14% 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.
The Revenue has grown by 14.63% in the past year. This is quite good.
The Revenue has been growing slightly by 2.66% on average over the past years.
EPS 1Y (TTM)33.14%
EPS 3Y-1.96%
EPS 5Y2.29%
EPS Q2Q%27.66%
Revenue 1Y (TTM)14.63%
Revenue growth 3Y-2.34%
Revenue growth 5Y2.66%
Sales Q2Q%12.24%
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 14.51% yearly.
GLW is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.08% yearly.
EPS Next Y27.49%
EPS Next 2Y21.4%
EPS Next 3Y18.03%
EPS Next 5Y14.51%
Revenue Next Year12.78%
Revenue Next 2Y10.67%
Revenue Next 3Y10.08%
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.
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 34.37, the valuation of GLW can be described as expensive.
Based on the Price/Earnings ratio, GLW is valued a bit cheaper than 67.31% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.20. GLW is valued slightly more expensive when compared to this.
The Price/Forward Earnings ratio is 26.73, which means the current valuation is very expensive for GLW.
GLW's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of GLW to the average of the S&P500 Index (22.71), we can say GLW is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.37 | ||
| Fwd PE | 26.73 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as GLW.
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 | 55.41 | ||
| EV/EBITDA | 23.8 |
4.3 Compensation for Growth
GLW's 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.
A more expensive valuation may be justified as GLW's earnings are expected to grow with 18.03% in the coming years.
PEG (NY)1.25
PEG (5Y)14.99
EPS Next 2Y21.4%
EPS Next 3Y18.03%
5. Dividend
5.1 Amount
GLW has a Yearly Dividend Yield of 1.48%.
Compared to an average industry Dividend Yield of 2.88, GLW has a dividend in line with its industry peers.
GLW's Dividend Yield is slightly below the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
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
5.3 Sustainability
GLW pays out 121.37% of its income as dividend. This is not a sustainable payout ratio.
GLW's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP121.37%
EPS Next 2Y21.4%
EPS Next 3Y18.03%
FRA:GLW (9/16/2025, 7:00:00 PM)
65.64
-0.37 (-0.56%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners78.63%
Inst Owner ChangeN/A
Ins Owners0.21%
Ins Owner ChangeN/A
Market Cap56.23B
Analysts81.05
Price Target61.63 (-6.11%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
Yearly Dividend1.03
Dividend Growth(5Y)4.75%
DP121.37%
Div Incr Years0
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.98%
Min EPS beat(2)4.32%
Max EPS beat(2)5.64%
EPS beat(4)4
Avg EPS beat(4)3.21%
Min EPS beat(4)0.96%
Max EPS beat(4)5.64%
EPS beat(8)6
Avg EPS beat(8)1.67%
EPS beat(12)8
Avg EPS beat(12)1.62%
EPS beat(16)10
Avg EPS beat(16)1.64%
Revenue beat(2)1
Avg Revenue beat(2)1.93%
Min Revenue beat(2)-0.03%
Max Revenue beat(2)3.88%
Revenue beat(4)2
Avg Revenue beat(4)1.32%
Min Revenue beat(4)-0.51%
Max Revenue beat(4)3.88%
Revenue beat(8)4
Avg Revenue beat(8)0.84%
Revenue beat(12)4
Avg Revenue beat(12)-0.9%
Revenue beat(16)6
Avg Revenue beat(16)-0.85%
PT rev (1m)5.63%
PT rev (3m)29.68%
EPS NQ rev (1m)0%
EPS NQ rev (3m)7.73%
EPS NY rev (1m)4.57%
EPS NY rev (3m)4.37%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)5.23%
Revenue NY rev (1m)3.69%
Revenue NY rev (3m)4.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.37 | ||
| Fwd PE | 26.73 | ||
| P/S | 4.66 | ||
| P/FCF | 55.41 | ||
| P/OCF | 30.33 | ||
| P/B | 5.95 | ||
| P/tB | 8.36 | ||
| EV/EBITDA | 23.8 |
EPS(TTM)1.91
EY2.91%
EPS(NY)2.46
Fwd EY3.74%
FCF(TTM)1.18
FCFY1.8%
OCF(TTM)2.16
OCFY3.3%
SpS14.09
BVpS11.03
TBVpS7.85
PEG (NY)1.25
PEG (5Y)14.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.85% | ||
| ROE | 7.37% | ||
| ROCE | 7.36% | ||
| ROIC | 5.6% | ||
| ROICexc | 5.99% | ||
| ROICexgc | 7.02% | ||
| OM | 12.06% | ||
| PM (TTM) | 5.77% | ||
| GM | 34.77% | ||
| FCFM | 8.4% |
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 Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 6.28 | ||
| Debt/EBITDA | 2.2 | ||
| Cap/Depr | 73.93% | ||
| Cap/Sales | 6.95% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 71.56% | ||
| Profit Quality | 145.79% | ||
| Current Ratio | 1.5 | ||
| Quick Ratio | 0.93 | ||
| Altman-Z | 3.84 |
F-Score8
WACC9.05%
ROIC/WACC0.62
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)33.14%
EPS 3Y-1.96%
EPS 5Y2.29%
EPS Q2Q%27.66%
EPS Next Y27.49%
EPS Next 2Y21.4%
EPS Next 3Y18.03%
EPS Next 5Y14.51%
Revenue 1Y (TTM)14.63%
Revenue growth 3Y-2.34%
Revenue growth 5Y2.66%
Sales Q2Q%12.24%
Revenue Next Year12.78%
Revenue Next 2Y10.67%
Revenue Next 3Y10.08%
Revenue Next 5YN/A
EBIT growth 1Y127.19%
EBIT growth 3Y-18.7%
EBIT growth 5Y-2.77%
EBIT Next Year88.34%
EBIT Next 3Y30.59%
EBIT Next 5Y23.7%
FCF growth 1Y368.24%
FCF growth 3Y-18.13%
FCF growth 5Y85.79%
OCF growth 1Y15.21%
OCF growth 3Y-17.17%
OCF growth 5Y-0.92%