CORNING INC (GLW.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:GLW • US2193501051

96.6 EUR
+3.23 (+3.46%)
Last: Feb 3, 2026, 07:00 PM
Fundamental Rating

5

GLW gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 54 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 is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

8

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.
  • In the past 5 years GLW has always been profitable.
  • GLW had a positive operating cash flow in each of the past 5 years.
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 2025 0 1B 2B 3B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 5.15%, GLW is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
  • GLW has a better Return On Equity (13.52%) than 79.63% of its industry peers.
  • GLW has a Return On Invested Capital of 7.09%. This is in the better half of the industry: GLW outperforms 72.22% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years 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 RankSector 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%
GLW.DE Yearly ROA, ROE, ROICGLW.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

1.3 Margins

  • GLW has a better Profit Margin (10.21%) than 88.89% of its industry peers.
  • In the last couple of years the Profit Margin of GLW has grown nicely.
  • The Operating Margin of GLW (14.58%) is better than 87.04% of its industry peers.
  • GLW's Operating Margin has improved in the last couple of years.
  • GLW has a Gross Margin of 35.97%. This is comparable to the rest of the industry: GLW outperforms 40.74% of its industry peers.
  • GLW's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
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 2025 0 10 20 30

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4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GLW is destroying value.
  • Compared to 1 year ago, GLW has less shares outstanding
  • Compared to 5 years ago, GLW has more shares outstanding
  • The debt/assets ratio for GLW is higher compared to a year ago.
GLW.DE Yearly Shares OutstandingGLW.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 10B 20B 30B

2.2 Solvency

  • GLW has an Altman-Z score of 4.68. This indicates that GLW is financially healthy and has little risk of bankruptcy at the moment.
  • With a decent Altman-Z score value of 4.68, GLW is doing good in the industry, outperforming 79.63% of the companies in the same industry.
  • The Debt to FCF ratio of GLW is 5.97, which is a neutral value as it means it would take GLW, 5.97 years of fcf income to pay off all of its debts.
  • GLW's Debt to FCF ratio of 5.97 is in line compared to the rest of the industry. GLW outperforms 57.41% 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.
  • The Debt to Equity ratio of GLW (0.65) is worse than 72.22% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 5.97
Altman-Z 4.68
ROIC/WACC0.48
WACC14.86%
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 2025 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 1.59 indicates that GLW should not have too much problems paying its short term obligations.
  • GLW has a Current ratio (1.59) which 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.
  • The Quick ratio of GLW (1.04) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.59
Quick Ratio 1.04
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 2025 2B 4B 6B 8B

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7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 29.08% over the past year.
  • The Earnings Per Share has been growing by 12.56% on average over the past years. This is quite good.
  • Looking at the last year, GLW shows a quite strong growth in Revenue. The Revenue has grown by 19.14% in the last year.
  • The Revenue has been growing slightly by 6.70% on average over the past years.
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

  • The Earnings Per Share is expected to grow by 17.84% on average over the next years. This is quite good.
  • GLW is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.39% yearly.
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.
  • 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

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2

4. Valuation

4.1 Price/Earnings Ratio

  • GLW is valuated quite expensively with a Price/Earnings ratio of 45.14.
  • The rest of the industry has a similar Price/Earnings ratio as GLW.
  • When comparing the Price/Earnings ratio of GLW to the average of the S&P500 Index (28.18), we can say GLW is valued expensively.
  • With a Price/Forward Earnings ratio of 36.68, GLW can be considered very expensive at the moment.
  • 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 68.52% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.51, GLW is valued a bit more expensive.
Industry RankSector Rank
PE 45.14
Fwd PE 36.68
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

  • 64.81% 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 RankSector Rank
P/FCF 69.17
EV/EBITDA 28.86
GLW.DE Per share dataGLW.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The excellent profitability rating of GLW 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)1.98
PEG (5Y)3.59
EPS Next 2Y20.28%
EPS Next 3Y21.11%

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3

5. Dividend

5.1 Amount

  • GLW has a Yearly Dividend Yield of 1.09%.
  • GLW's Dividend Yield is comparable with the industry average which is at 1.54.
  • Compared to an average S&P500 Dividend Yield of 1.83, GLW's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.09%

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
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

  • 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%
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 2025 0 1B 2B 3B
GLW.DE Dividend Payout.GLW.DE Dividend Payout, showing the Payout Ratio.GLW.DE Dividend Payout.PayoutRetained Earnings

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CORNING INC

FRA:GLW (2/3/2026, 7:00:00 PM)

96.6

+3.23 (+3.46%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)01-28
Earnings (Next)02-03
Inst Owners75.9%
Inst Owner ChangeN/A
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap82.82B
Revenue(TTM)15.63B
Net Income(TTM)1.60B
Analysts82
Price Target82.11 (-15%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.09%
Yearly Dividend1.03
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 RankSector Rank
PE 45.14
Fwd PE 36.68
P/S 6.25
P/FCF 69.17
P/OCF 36.27
P/B 8.28
P/tB 11.28
EV/EBITDA 28.86
EPS(TTM)2.14
EY2.22%
EPS(NY)2.63
Fwd EY2.73%
FCF(TTM)1.4
FCFY1.45%
OCF(TTM)2.66
OCFY2.76%
SpS15.45
BVpS11.67
TBVpS8.56
PEG (NY)1.98
PEG (5Y)3.59
Graham Number23.7
Profitability
Industry RankSector 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 RankSector 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 4.68
F-Score8
WACC14.86%
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%.