CORNING INC (GLW) Stock Fundamental Analysis
USA - NYSE:GLW - US2193501051 - Common Stock
87.3 USD
+1.25 (+1.45%)
GLW gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 123 industry peers in the Electronic Equipment, Instruments & Components industry. There are concerns on the financial health of GLW while its profitability can be described as average. GLW is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year GLW was profitable.
In the past year GLW had a positive cash flow from operations.
In the past 5 years GLW has always been profitable.
In the past 5 years GLW always reported a positive cash flow from operatings.
1.2 Ratios
GLW has a better Return On Assets (2.85%) than 60.98% of its industry peers.
GLW has a Return On Equity of 7.37%. This is in the better half of the industry: GLW outperforms 64.23% 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 60.98% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GLW is significantly below the industry average of 9.33%.
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
The Profit Margin of GLW (5.77%) is better than 70.73% of its industry peers.
In the last couple of years the Profit Margin of GLW has declined.
With a decent Operating Margin value of 12.06%, GLW is doing good in the industry, outperforming 79.67% of the companies in the same industry.
GLW's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 34.77%, GLW perfoms like the industry average, outperforming 57.72% of the companies in the same industry.
In the last couple of years the Gross Margin of GLW has remained more or less at the same level.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GLW is destroying value.
GLW has less shares outstanding than it did 1 year ago.
GLW has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, GLW has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.08 indicates that GLW is not in any danger for bankruptcy at the moment.
GLW's Altman-Z score of 4.08 is in line compared to the rest of the industry. GLW outperforms 58.54% 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 56.10% of the companies in the same industry.
A Debt/Equity ratio of 0.60 indicates that GLW is somewhat dependend on debt financing.
The Debt to Equity ratio of GLW (0.60) is worse than 77.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 6.28 | ||
| Altman-Z | 4.08 |
ROIC/WACC0.63
WACC8.92%
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 on the low side compared to the rest of the industry. GLW is outperformed by 74.80% of its industry peers.
A Quick Ratio of 0.93 indicates that GLW may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.93, GLW is doing worse than 79.67% of the companies in the same industry.
| 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 33.14%, which is quite impressive.
GLW shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.29% yearly.
The Revenue has grown by 14.63% in the past year. This is quite good.
GLW shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.66% yearly.
EPS 1Y (TTM)33.14%
EPS 3Y-1.96%
EPS 5Y2.29%
EPS Q2Q%27.66%
Revenue 1Y (TTM)14.63%
Revenue growth 3Y-2.34%
Revenue growth 5Y2.66%
Sales Q2Q%12.24%
3.2 Future
GLW is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.51% yearly.
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 Y27.81%
EPS Next 2Y21.67%
EPS Next 3Y18.68%
EPS Next 5Y14.51%
Revenue Next Year12.9%
Revenue Next 2Y10.76%
Revenue Next 3Y10.18%
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 38.80, GLW can be considered very expensive at the moment.
GLW's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.77, GLW is valued a bit more expensive.
GLW is valuated quite expensively with a Price/Forward Earnings ratio of 30.09.
The rest of the industry has a similar Price/Forward Earnings ratio as GLW.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.23, GLW is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.8 | ||
| Fwd PE | 30.09 |
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 | 62.63 | ||
| EV/EBITDA | 26.16 |
4.3 Compensation for Growth
GLW's 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.
A more expensive valuation may be justified as GLW's earnings are expected to grow with 18.68% in the coming years.
PEG (NY)1.4
PEG (5Y)16.93
EPS Next 2Y21.67%
EPS Next 3Y18.68%
5. Dividend
5.1 Amount
GLW has a Yearly Dividend Yield of 1.29%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.06, GLW pays a better dividend. On top of this GLW pays more dividend than 89.43% of the companies listed in the same industry.
With a Dividend Yield of 1.29, GLW pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.29% |
5.2 History
The dividend of GLW has a limited annual growth rate of 4.75%.
GLW has been paying a dividend for at least 10 years, so it has a reliable track record.
GLW has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.75%
Div Incr Years0
Div Non Decr Years17
5.3 Sustainability
121.37% 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.
DP121.37%
EPS Next 2Y21.67%
EPS Next 3Y18.68%
NYSE:GLW (10/22/2025, 9:45:09 AM)
87.3
+1.25 (+1.45%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners74.27%
Inst Owner Change0.4%
Ins Owners0.18%
Ins Owner Change-0.45%
Market Cap74.78B
Revenue(TTM)14.21B
Net Income(TTM)819.00M
Analysts82.11
Price Target76.86 (-11.96%)
Short Float %2.23%
Short Ratio2.3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.29% |
Yearly Dividend1.21
Dividend Growth(5Y)4.75%
DP121.37%
Div Incr Years0
Div Non Decr Years17
Ex-Date
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)7.61%
PT rev (3m)35.06%
EPS NQ rev (1m)0.43%
EPS NQ rev (3m)8.51%
EPS NY rev (1m)0.25%
EPS NY rev (3m)4.83%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)5.44%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)3.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.8 | ||
| Fwd PE | 30.09 | ||
| P/S | 5.26 | ||
| P/FCF | 62.63 | ||
| P/OCF | 34.29 | ||
| P/B | 6.73 | ||
| P/tB | 9.45 | ||
| EV/EBITDA | 26.16 |
EPS(TTM)2.25
EY2.58%
EPS(NY)2.9
Fwd EY3.32%
FCF(TTM)1.39
FCFY1.6%
OCF(TTM)2.55
OCFY2.92%
SpS16.58
BVpS12.98
TBVpS9.24
PEG (NY)1.4
PEG (5Y)16.93
Graham Number25.63
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 | 4.08 |
F-Score8
WACC8.92%
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)33.14%
EPS 3Y-1.96%
EPS 5Y2.29%
EPS Q2Q%27.66%
EPS Next Y27.81%
EPS Next 2Y21.67%
EPS Next 3Y18.68%
EPS Next 5Y14.51%
Revenue 1Y (TTM)14.63%
Revenue growth 3Y-2.34%
Revenue growth 5Y2.66%
Sales Q2Q%12.24%
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%