CORNING INC (GLW.DE) Stock Fundamental Analysis
Europe - FRA:GLW - US2193501051 - Common Stock
77.12 EUR
+1.57 (+2.08%)
We assign a fundamental rating of 5 out of 10 to GLW. GLW was compared to 53 industry peers in the Electronic Equipment, Instruments & Components industry. GLW has an average financial health and profitability rating. GLW is valied quite expensively at the moment, while it does show a decent growth rate.
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.
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 Return On Assets of 2.85%. This is in the better half of the industry: GLW outperforms 69.81% of its industry peers.
GLW has a better Return On Equity (7.37%) than 69.81% of its industry peers.
GLW has a Return On Invested Capital of 5.60%. This is in the better half of the industry: GLW outperforms 69.81% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GLW is below the industry average of 6.88%.
The last Return On Invested Capital (5.60%) for GLW is above the 3 year average (3.70%), which is a sign of increasing profitability.
| 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's Profit Margin of 5.77% is fine compared to the rest of the industry. GLW outperforms 79.25% of its industry peers.
GLW's Profit Margin has declined in the last couple of years.
The Operating Margin of GLW (12.06%) is better than 90.57% of its industry peers.
GLW's Operating Margin has declined in the last couple of years.
The Gross Margin of GLW (34.77%) is worse than 64.15% of its industry peers.
GLW's Gross Margin has been stable in the last couple of years.
| 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
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
The debt/assets ratio for GLW has been reduced compared to a year ago.
2.2 Solvency
GLW has an Altman-Z score of 4.12. This indicates that GLW is financially healthy and has little risk of bankruptcy at the moment.
GLW's Altman-Z score of 4.12 is amongst the best of the industry. GLW outperforms 81.13% of its industry peers.
GLW has a debt to FCF ratio of 6.28. This is a slightly negative value and a sign of low solvency as GLW would need 6.28 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.28, GLW is in line with its industry, outperforming 52.83% of the companies in the same industry.
A Debt/Equity ratio of 0.60 indicates that GLW is somewhat dependend on debt financing.
GLW has a worse Debt to Equity ratio (0.60) than 71.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 6.28 | ||
| Altman-Z | 4.12 |
ROIC/WACC0.63
WACC8.95%
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's Current ratio of 1.50 is in line compared to the rest of the industry. GLW outperforms 45.28% 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.
GLW's Quick ratio of 0.93 is in line compared to the rest of the industry. GLW outperforms 41.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.5 | ||
| Quick Ratio | 0.93 |
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.
Measured over the past 5 years, GLW shows a small growth in Earnings Per Share. The EPS has been growing by 2.29% on average per year.
GLW shows a small growth in Revenue. In the last year, the Revenue has grown by 4.21%.
Measured over the past years, GLW shows a small growth in Revenue. The Revenue has been growing by 2.66% on average per year.
EPS 1Y (TTM)33.71%
EPS 3Y-1.96%
EPS 5Y2.29%
EPS Q2Q%24.07%
Revenue 1Y (TTM)4.21%
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 14.51% on average over the next years. This is quite good.
Based on estimates for the next years, GLW will show a quite strong growth in Revenue. The Revenue will grow by 10.18% on average per year.
EPS Next Y28.09%
EPS Next 2Y22.14%
EPS Next 3Y19.42%
EPS Next 5Y14.51%
Revenue Next Year12.9%
Revenue Next 2Y10.76%
Revenue Next 3Y10.18%
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
A Price/Earnings ratio of 37.44 indicates a quite expensive valuation of GLW.
Based on the Price/Earnings ratio, GLW is valued a bit cheaper than the industry average as 62.26% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of GLW to the average of the S&P500 Index (25.83), we can say GLW is valued slightly more expensively.
With a Price/Forward Earnings ratio of 30.42, GLW can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, GLW is valued a bit more expensive than 60.38% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 32.68. GLW is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.44 | ||
| Fwd PE | 30.42 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GLW is on the same level as its industry peers.
GLW's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. GLW is more expensive than 62.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 63.81 | ||
| EV/EBITDA | 26.46 |
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 19.42% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.33
PEG (5Y)16.33
EPS Next 2Y22.14%
EPS Next 3Y19.42%
5. Dividend
5.1 Amount
GLW has a Yearly Dividend Yield of 1.24%.
Compared to an average industry Dividend Yield of 2.96, GLW has a dividend in line with its industry peers.
With a Dividend Yield of 1.24, GLW pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.24% |
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 2Y22.14%
EPS Next 3Y19.42%
FRA:GLW (11/7/2025, 7:00:00 PM)
77.12
+1.57 (+2.08%)
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 Cap66.06B
Revenue(TTM)13.12B
Net Income(TTM)819.00M
Analysts82.11
Price Target68.77 (-10.83%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.24% |
Yearly Dividend1.05
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)11.58%
PT rev (3m)39.46%
EPS NQ rev (1m)0.3%
EPS NQ rev (3m)2.41%
EPS NY rev (1m)0.21%
EPS NY rev (3m)5.05%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)1.21%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.44 | ||
| Fwd PE | 30.42 | ||
| P/S | 5.36 | ||
| P/FCF | 63.81 | ||
| P/OCF | 34.93 | ||
| P/B | 6.85 | ||
| P/tB | 9.63 | ||
| EV/EBITDA | 26.46 |
EPS(TTM)2.06
EY2.67%
EPS(NY)2.54
Fwd EY3.29%
FCF(TTM)1.21
FCFY1.57%
OCF(TTM)2.21
OCFY2.86%
SpS14.38
BVpS11.25
TBVpS8.01
PEG (NY)1.33
PEG (5Y)16.33
Graham Number22.84
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%
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 Turnover0.49
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 | 4.12 |
F-Score8
WACC8.95%
ROIC/WACC0.63
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 Y28.09%
EPS Next 2Y22.14%
EPS Next 3Y19.42%
EPS Next 5Y14.51%
Revenue 1Y (TTM)4.21%
Revenue growth 3Y-2.34%
Revenue growth 5Y2.66%
Sales Q2Q%14.44%
Revenue Next Year12.9%
Revenue Next 2Y10.76%
Revenue Next 3Y10.18%
Revenue Next 5YN/A
EBIT growth 1Y127.19%
EBIT growth 3Y-18.7%
EBIT growth 5Y-2.77%
EBIT Next Year88.17%
EBIT Next 3Y32%
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%
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 6 / 10.
Can you provide the PE and PB ratios for GLW stock?
The Price/Earnings (PE) ratio for CORNING INC (GLW.DE) is 37.44 and the Price/Book (PB) ratio is 6.85.
Is the dividend of CORNING INC sustainable?
The dividend rating of CORNING INC (GLW.DE) is 3 / 10 and the dividend payout ratio is 121.37%.