CORNING INC (GLW.DE) Stock Fundamental Analysis
Europe - FRA:GLW - US2193501051 - Common Stock
77.93 EUR
+2.68 (+3.56%)
Overall GLW gets a fundamental rating of 5 out of 10. We evaluated GLW against 52 industry peers in the Electronic Equipment, Instruments & Components industry. GLW has an excellent profitability rating, 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
GLW had positive earnings in the past year.
GLW had a positive operating cash flow in the past year.
Each year in the past 5 years GLW has been profitable.
GLW had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of GLW (4.57%) is better than 73.08% of its industry peers.
Looking at the Return On Equity, with a value of 11.84%, GLW belongs to the top of the industry, outperforming 80.77% of the companies in the same industry.
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.
GLW had an Average Return On Invested Capital over the past 3 years of 3.70%. This is below the industry average of 6.77%.
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
Looking at the Profit Margin, with a value of 9.16%, GLW belongs to the top of the industry, outperforming 88.46% of the companies in the same industry.
In the last couple of years the Profit Margin of GLW has declined.
GLW has a better Operating Margin (13.41%) than 90.38% of its industry peers.
GLW's Operating Margin has declined in the last couple of years.
The Gross Margin of GLW (35.69%) is comparable to the rest of the industry.
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
GLW has more shares outstanding than it did 5 years ago.
GLW has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.14 indicates that GLW is not in any danger for bankruptcy at the moment.
GLW has a better Altman-Z score (4.14) than 82.69% of its industry peers.
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 has a Debt to FCF ratio (7.07) which is in line with its industry peers.
A Debt/Equity ratio of 0.64 indicates that 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 73.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 7.07 | ||
| Altman-Z | 4.14 |
ROIC/WACC0.7
WACC8.88%
2.3 Liquidity
GLW has a Current Ratio of 1.56. 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 (1.56) which is in line with its industry peers.
A Quick Ratio of 1.00 indicates that GLW may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.00, GLW is in line with its industry, outperforming 46.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.56 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
GLW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 33.71%, which is quite impressive.
The Earnings Per Share has been growing slightly by 2.29% on average over the past years.
Looking at the last year, GLW shows a quite strong growth in Revenue. The Revenue has grown by 18.27% in the last year.
The Revenue has been growing slightly by 2.66% on average over the past years.
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
The Earnings Per Share is expected to grow by 20.01% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 11.65% on average over the next years. This is quite good.
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
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 38.01, GLW can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of GLW is on the same level as its industry peers.
When comparing the Price/Earnings ratio of GLW to the average of the S&P500 Index (25.91), we can say GLW is valued slightly more expensively.
A Price/Forward Earnings ratio of 29.41 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 69.23% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.57. GLW is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.01 | ||
| Fwd PE | 29.41 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GLW is valued a bit more expensive than the industry average as 61.54% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, GLW is valued a bit more expensive than 65.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 66.75 | ||
| EV/EBITDA | 25.26 |
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.
A more expensive valuation may be justified as GLW's earnings are expected to grow with 22.85% in the coming years.
PEG (NY)1.27
PEG (5Y)16.58
EPS Next 2Y25.33%
EPS Next 3Y22.85%
5. Dividend
5.1 Amount
GLW has a Yearly Dividend Yield of 1.27%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.99, GLW has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, GLW's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.27% |
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 72.69% 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.
DP72.69%
EPS Next 2Y25.33%
EPS Next 3Y22.85%
FRA:GLW (11/12/2025, 7:00:00 PM)
77.93
+2.68 (+3.56%)
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 Cap66.76B
Revenue(TTM)14.91B
Net Income(TTM)1.37B
Analysts82.11
Price Target68.77 (-11.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.27% |
Yearly Dividend1.04
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)5.21%
PT rev (3m)17.87%
EPS NQ rev (1m)4.25%
EPS NQ rev (3m)4.71%
EPS NY rev (1m)1.59%
EPS NY rev (3m)6.5%
Revenue NQ rev (1m)2.02%
Revenue NQ rev (3m)3.15%
Revenue NY rev (1m)0.87%
Revenue NY rev (3m)4.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.01 | ||
| Fwd PE | 29.41 | ||
| P/S | 5.2 | ||
| P/FCF | 66.75 | ||
| P/OCF | 34.23 | ||
| P/B | 6.72 | ||
| P/tB | 9.27 | ||
| EV/EBITDA | 25.26 |
EPS(TTM)2.05
EY2.63%
EPS(NY)2.65
Fwd EY3.4%
FCF(TTM)1.17
FCFY1.5%
OCF(TTM)2.28
OCFY2.92%
SpS14.99
BVpS11.59
TBVpS8.4
PEG (NY)1.27
PEG (5Y)16.58
Graham Number23.12
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 | 4.14 |
F-Score8
WACC8.88%
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 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 7 / 10.
Can you provide the PE and PB ratios for GLW stock?
The Price/Earnings (PE) ratio for CORNING INC (GLW.DE) is 38.01 and the Price/Book (PB) ratio is 6.72.
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%.