CORNING INC (GLW) Stock Fundamental Analysis
USA - NYSE:GLW - US2193501051 - Common Stock
79.275 USD
-1.78 (-2.2%)
Overall GLW gets a fundamental rating of 5 out of 10. We evaluated GLW 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 growing strongly while it is still valued neutral. This is a good combination!
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.
Each year in the past 5 years GLW has been profitable.
In the past 5 years GLW always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.57%, GLW is in the better half of the industry, outperforming 69.11% of the companies in the same industry.
GLW has a better Return On Equity (11.84%) than 79.67% of its industry peers.
With a decent Return On Invested Capital value of 6.25%, GLW is doing good in the industry, outperforming 64.23% 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 significantly below the industry average of 8.98%.
The 3 year average ROIC (3.70%) for GLW is below the current ROIC(6.25%), indicating increased profibility in the last year.
| 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
With a decent Profit Margin value of 9.16%, GLW is doing good in the industry, outperforming 77.24% 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 82.11% of its industry peers.
GLW's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 35.69%, GLW is in line with its industry, outperforming 56.91% of the companies in the same 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
GLW has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
The debt/assets ratio for GLW has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.87 indicates that GLW is not in any danger for bankruptcy at the moment.
GLW has a Altman-Z score of 3.87. This is in the better half of the industry: GLW outperforms 60.16% 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 comparable to the rest of the industry.
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 78.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 7.07 | ||
| Altman-Z | 3.87 |
ROIC/WACC0.7
WACC8.98%
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.
The Current ratio of GLW (1.56) is worse than 73.17% of its industry peers.
A Quick Ratio of 1.00 indicates that GLW may have some problems paying its short term obligations.
With a Quick ratio value of 1.00, GLW is not doing good in the industry: 78.05% of the companies in the same industry are doing better.
| 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.
GLW shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.29% yearly.
GLW shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.27%.
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
GLW is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.65% yearly.
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 33.31, GLW can be considered very expensive at the moment.
GLW's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of GLW to the average of the S&P500 Index (25.56), we can say GLW is valued slightly more expensively.
Based on the Price/Forward Earnings ratio of 25.75, the valuation of GLW can be described as expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as GLW.
GLW's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 34.62.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.31 | ||
| Fwd PE | 25.75 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as GLW.
The rest of the industry has a similar Price/Free Cash Flow ratio as GLW.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 58.44 | ||
| EV/EBITDA | 22.82 |
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.
GLW's earnings are expected to grow with 22.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.12
PEG (5Y)14.53
EPS Next 2Y25.33%
EPS Next 3Y22.85%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.36%, GLW has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.18, GLW pays a better dividend. On top of this GLW pays more dividend than 90.24% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, GLW's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
5.2 History
The dividend of GLW has a limited annual growth rate of 4.75%.
GLW has paid a dividend for at least 10 years, which is a reliable track record.
GLW has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.75%
Div Incr Years0
Div Non Decr Years17
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%
NYSE:GLW (11/18/2025, 12:32:09 PM)
79.275
-1.78 (-2.2%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners74.27%
Inst Owner Change1.91%
Ins Owners0.18%
Ins Owner Change-21.63%
Market Cap67.91B
Revenue(TTM)14.91B
Net Income(TTM)1.37B
Analysts82.11
Price Target79.83 (0.7%)
Short Float %1.79%
Short Ratio1.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
Yearly Dividend1.21
Dividend Growth(5Y)4.75%
DP72.69%
Div Incr Years0
Div Non Decr Years17
Ex-Date
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)3.87%
PT rev (3m)17.8%
EPS NQ rev (1m)4.25%
EPS NQ rev (3m)5.05%
EPS NY rev (1m)1.59%
EPS NY rev (3m)6.5%
Revenue NQ rev (1m)2.02%
Revenue NQ rev (3m)2.76%
Revenue NY rev (1m)0.87%
Revenue NY rev (3m)4.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.31 | ||
| Fwd PE | 25.75 | ||
| P/S | 4.55 | ||
| P/FCF | 58.44 | ||
| P/OCF | 29.97 | ||
| P/B | 5.89 | ||
| P/tB | 8.12 | ||
| EV/EBITDA | 22.82 |
EPS(TTM)2.38
EY3%
EPS(NY)3.08
Fwd EY3.88%
FCF(TTM)1.36
FCFY1.71%
OCF(TTM)2.65
OCFY3.34%
SpS17.41
BVpS13.47
TBVpS9.76
PEG (NY)1.12
PEG (5Y)14.53
Graham Number26.85
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 | 3.87 |
F-Score8
WACC8.98%
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 FAQ
What is the ChartMill fundamental rating of CORNING INC (GLW) stock?
ChartMill assigns a fundamental rating of 5 / 10 to GLW.
Can you provide the valuation status for CORNING INC?
ChartMill assigns a valuation rating of 4 / 10 to CORNING INC (GLW). This can be considered as Fairly Valued.
How profitable is CORNING INC (GLW) stock?
CORNING INC (GLW) 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) is 33.31 and the Price/Book (PB) ratio is 5.89.
Is the dividend of CORNING INC sustainable?
The dividend rating of CORNING INC (GLW) is 6 / 10 and the dividend payout ratio is 72.69%.