CORNING INC (GLW.DE) Stock Fundamental Analysis
FRA:GLW - Deutsche Boerse Ag - US2193501051 - Common Stock - Currency: EUR
Taking everything into account, GLW scores 5 out of 10 in our fundamental rating. GLW was compared to 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.
In the past year GLW had a positive cash flow from operations.
Each year in the past 5 years GLW has been profitable.
Each year in the past 5 years GLW had a positive operating cash flow.
1.2 Ratios
The Return On Assets of GLW (1.66%) is better than 65.31% of its industry peers.
With a Return On Equity value of 4.24%, GLW perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
GLW's Return On Invested Capital of 4.41% is fine compared to the rest of the industry. GLW outperforms 63.27% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GLW is below the industry average of 7.00%.
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's Profit Margin of 3.34% is fine compared to the rest of the industry. GLW outperforms 73.47% of its industry peers.
In the last couple of years the Profit Margin of GLW has declined.
GLW has a Operating Margin of 9.75%. This is amongst the best in the industry. GLW outperforms 87.76% of its industry peers.
In the last couple of years the Operating Margin of GLW has declined.
GLW has a Gross Margin of 33.08%. This is comparable to the rest of the industry: GLW outperforms 40.82% of its industry peers.
GLW's Gross Margin has been stable in the last couple of years.
| 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
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.
Compared to 5 years ago, GLW has more shares outstanding
GLW has a better debt/assets ratio than last year.
2.2 Solvency
GLW has an Altman-Z score of 3.24. This indicates that GLW is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.24, GLW is in the better half of the industry, outperforming 67.35% of the companies in the same industry.
The Debt to FCF ratio of GLW is 6.74, which is on the high side as it means it would take GLW, 6.74 years of fcf income to pay off 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 57.14% 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: 65.31% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 6.74 | ||
| Altman-Z | 3.24 |
ROIC/WACC0.5
WACC8.88%
2.3 Liquidity
GLW has a Current Ratio of 1.69. 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 (1.69) which is in line with its industry peers.
GLW has a Quick Ratio of 1.05. 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 (1.05) which is comparable to the rest of the industry.
| 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.
The Earnings Per Share has been growing slightly by 2.29% on average over the past years.
The Revenue has grown by 9.77% 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)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.
Based on estimates for the next years, GLW will show a small growth in Revenue. The Revenue will grow by 7.71% on average per year.
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
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
With a Price/Earnings ratio of 25.10, GLW can be considered very expensive at the moment.
Based on the Price/Earnings ratio, GLW is valued a bit cheaper than 67.35% of the companies in the same industry.
GLW is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.45, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 19.45, which indicates a rather expensive current valuation of GLW.
GLW's Price/Forward Earnings ratio is in line with the industry average.
GLW's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.1 | ||
| Fwd PE | 19.45 |
4.2 Price Multiples
GLW's Enterprise Value to EBITDA is on the same level as the industry average.
GLW's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.49 | ||
| EV/EBITDA | 19.37 |
4.3 Compensation for Growth
The 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 15.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.15
PEG (5Y)10.95
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 3.03, GLW pays a bit more dividend than its industry peers.
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%.
Dividend Growth(5Y)4.75%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
216.96% 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.
DP216.96%
EPS Next 2Y18.16%
EPS Next 3Y15.64%
FRA:GLW (7/3/2025, 7:00:00 PM)
45.185
+0.63 (+1.41%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners73.93%
Inst Owner ChangeN/A
Ins Owners0.22%
Ins Owner ChangeN/A
Market Cap38.70B
Analysts80
Price Target47.43 (4.97%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
Yearly Dividend1.03
Dividend Growth(5Y)4.75%
DP216.96%
Div Incr Years0
Div Non Decr Years4
Ex-DateN/A
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)-1.04%
PT rev (3m)-8.3%
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 | 25.1 | ||
| Fwd PE | 19.45 | ||
| P/S | 3.35 | ||
| P/FCF | 42.49 | ||
| P/OCF | 22.87 | ||
| P/B | 4.25 | ||
| P/tB | 5.99 | ||
| EV/EBITDA | 19.37 |
EPS(TTM)1.8
EY3.98%
EPS(NY)2.32
Fwd EY5.14%
FCF(TTM)1.06
FCFY2.35%
OCF(TTM)1.98
OCFY4.37%
SpS13.47
BVpS10.62
TBVpS7.54
PEG (NY)1.15
PEG (5Y)10.95
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 | 3.24 |
F-Score8
WACC8.88%
ROIC/WACC0.5
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%