CORNING INC (GLW.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:GLW - US2193501051 - Common Stock
72.45 EUR
+0.52 (+0.72%)
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 scores excellent on profitability, but there are some minor concerns on its financial health. GLW shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
In the past year GLW was profitable.
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.
1.2 Ratios
GLW has a better Return On Assets (4.57%) than 75.00% of its industry peers.
The Return On Equity of GLW (11.84%) is better than 80.77% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.25%, GLW is in the better half of the industry, outperforming 71.15% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for GLW is below the industry average of 7.11%.
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 Rank | Sector 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%
1.3 Margins
GLW has a Profit Margin of 9.16%. This is amongst the best in the industry. GLW outperforms 88.46% of its industry peers.
In the last couple of years the Profit Margin of GLW has declined.
GLW's Operating Margin of 13.41% is amongst the best of the industry. GLW outperforms 90.38% of its industry peers.
GLW's Operating Margin has declined in the last couple of years.
GLW has a Gross Margin (35.69%) which is in line with its industry peers.
GLW's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GLW is destroying value.
Compared to 1 year ago, GLW has less shares outstanding
The number of shares outstanding for GLW has been increased compared to 5 years ago.
GLW has a better debt/assets ratio than last year.
2.2 Solvency
GLW has an Altman-Z score of 3.93. 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 3.93, GLW belongs to the top of the industry, outperforming 82.69% of the companies in the same industry.
The Debt to FCF ratio of GLW is 7.07, which is on the high side as it means it would take GLW, 7.07 years of fcf income to pay off all of its debts.
GLW's Debt to FCF ratio of 7.07 is on the low side compared to the rest of the industry. GLW is outperformed by 61.54% of its industry peers.
A Debt/Equity ratio of 0.64 indicates that GLW is somewhat dependend on debt financing.
GLW has a Debt to Equity ratio of 0.64. This is in the lower half of the industry: GLW underperforms 71.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 7.07 | ||
| Altman-Z | 3.93 |
ROIC/WACC0.7
WACC8.97%
2.3 Liquidity
A Current Ratio of 1.56 indicates that GLW should not have too much problems paying its short term obligations.
GLW has a Current ratio of 1.56. This is comparable to the rest of the industry: GLW outperforms 46.15% of its industry peers.
GLW has a Quick Ratio of 1.56. This is a bad value and indicates that GLW is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.00, GLW is in line with its industry, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.56 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 33.71% 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.
Looking at the last year, GLW shows a quite strong growth in Revenue. The Revenue has grown by 18.27% in the last year.
GLW shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.66% yearly.
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
GLW is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.01% yearly.
Based on estimates for the next years, GLW will show a quite strong growth in Revenue. The Revenue will grow by 11.65% on average per year.
EPS Next Y29.85%
EPS Next 2Y25.33%
EPS Next 3Y22.85%
EPS Next 5Y20.01%
Revenue Next Year13.89%
Revenue Next 2Y12.64%
Revenue Next 3Y11.65%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 35.34, GLW can be considered very expensive at the moment.
GLW's Price/Earnings ratio is in line with the industry average.
GLW is valuated rather expensively when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 27.27 indicates a quite expensive valuation of GLW.
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 63.46% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of GLW to the average of the S&P500 Index (36.59), we can say GLW is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.34 | ||
| Fwd PE | 27.27 |
4.2 Price Multiples
GLW's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, GLW is valued a bit more expensive than the industry average as 67.31% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 61.88 | ||
| EV/EBITDA | 23.4 |
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 22.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.18
PEG (5Y)15.42
EPS Next 2Y25.33%
EPS Next 3Y22.85%
5. Dividend
5.1 Amount
GLW has a Yearly Dividend Yield of 1.44%. Purely for dividend investing, there may be better candidates out there.
GLW's Dividend Yield is comparable with the industry average which is at 2.95.
With a Dividend Yield of 1.44, GLW pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
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
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 2Y25.33%
EPS Next 3Y22.85%
FRA:GLW (11/28/2025, 7:00:00 PM)
72.45
+0.52 (+0.72%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners74.27%
Inst Owner ChangeN/A
Ins Owners0.18%
Ins Owner ChangeN/A
Market Cap62.06B
Revenue(TTM)14.91B
Net Income(TTM)1.37B
Analysts82.11
Price Target83.62 (15.42%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
Yearly Dividend1.05
Dividend Growth(5Y)4.75%
DP72.69%
Div Incr Years0
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.14%
Min EPS beat(2)-0.04%
Max EPS beat(2)4.32%
EPS beat(4)3
Avg EPS beat(4)2.72%
Min EPS beat(4)-0.04%
Max EPS beat(4)5.64%
EPS beat(8)6
Avg EPS beat(8)2.26%
EPS beat(12)8
Avg EPS beat(12)1.72%
EPS beat(16)10
Avg EPS beat(16)1.88%
Revenue beat(2)2
Avg Revenue beat(2)1.97%
Min Revenue beat(2)0.07%
Max Revenue beat(2)3.88%
Revenue beat(4)3
Avg Revenue beat(4)1.46%
Min Revenue beat(4)-0.03%
Max Revenue beat(4)3.88%
Revenue beat(8)5
Avg Revenue beat(8)1.13%
Revenue beat(12)5
Avg Revenue beat(12)-0.42%
Revenue beat(16)7
Avg Revenue beat(16)-0.75%
PT rev (1m)27.94%
PT rev (3m)40.09%
EPS NQ rev (1m)4.25%
EPS NQ rev (3m)5.05%
EPS NY rev (1m)1.38%
EPS NY rev (3m)1.85%
Revenue NQ rev (1m)2.05%
Revenue NQ rev (3m)2.79%
Revenue NY rev (1m)0.87%
Revenue NY rev (3m)1.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.34 | ||
| Fwd PE | 27.27 | ||
| P/S | 4.82 | ||
| P/FCF | 61.88 | ||
| P/OCF | 31.73 | ||
| P/B | 6.23 | ||
| P/tB | 8.6 | ||
| EV/EBITDA | 23.4 |
EPS(TTM)2.05
EY2.83%
EPS(NY)2.66
Fwd EY3.67%
FCF(TTM)1.17
FCFY1.62%
OCF(TTM)2.28
OCFY3.15%
SpS15.03
BVpS11.62
TBVpS8.43
PEG (NY)1.18
PEG (5Y)15.42
Graham Number23.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 11.84% | ||
| ROCE | 8.22% | ||
| ROIC | 6.25% | ||
| ROICexc | 6.71% | ||
| ROICexgc | 7.8% | ||
| OM | 13.41% | ||
| PM (TTM) | 9.16% | ||
| GM | 35.69% | ||
| FCFM | 7.79% |
ROA(3y)2.77%
ROA(5y)2.65%
ROE(3y)6.91%
ROE(5y)6.52%
ROIC(3y)3.7%
ROIC(5y)3.77%
ROICexc(3y)3.99%
ROICexc(5y)4.1%
ROICexgc(3y)4.68%
ROICexgc(5y)4.83%
ROCE(3y)4.86%
ROCE(5y)4.96%
ROICexgc growth 3Y-16.21%
ROICexgc 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 | 0.64 | ||
| Debt/FCF | 7.07 | ||
| Debt/EBITDA | 2.22 | ||
| Cap/Depr | 82.95% | ||
| Cap/Sales | 7.4% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 68.03% | ||
| Profit Quality | 85.07% | ||
| Current Ratio | 1.56 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 3.93 |
F-Score8
WACC8.97%
ROIC/WACC0.7
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)33.71%
EPS 3Y-1.96%
EPS 5Y2.29%
EPS Q2Q%24.07%
EPS Next Y29.85%
EPS Next 2Y25.33%
EPS Next 3Y22.85%
EPS Next 5Y20.01%
Revenue 1Y (TTM)18.27%
Revenue growth 3Y-2.34%
Revenue growth 5Y2.66%
Sales Q2Q%14.44%
Revenue Next Year13.89%
Revenue Next 2Y12.64%
Revenue Next 3Y11.65%
Revenue Next 5YN/A
EBIT growth 1Y143.9%
EBIT growth 3Y-18.7%
EBIT growth 5Y-2.77%
EBIT Next Year88.17%
EBIT Next 3Y32%
EBIT Next 5Y27.56%
FCF growth 1Y194.18%
FCF growth 3Y-18.13%
FCF growth 5Y85.79%
OCF growth 1Y18.7%
OCF growth 3Y-17.17%
OCF growth 5Y-0.92%
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.
Can you provide the valuation status for CORNING INC?
ChartMill assigns a valuation rating of 3 / 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 7 / 10.
Can you provide the PE and PB ratios for GLW stock?
The Price/Earnings (PE) ratio for CORNING INC (GLW.DE) is 35.34 and the Price/Book (PB) ratio is 6.23.
Is the dividend of CORNING INC sustainable?
The dividend rating of CORNING INC (GLW.DE) is 3 / 10 and the dividend payout ratio is 72.69%.