Corning Incorporated (GLW): Price and Financial Metrics


Corning Incorporated (GLW): $40.84

0.32 (+0.79%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

GLW POWR Grades


  • Momentum is the dimension where GLW ranks best; there it ranks ahead of 98.33% of US stocks.
  • The strongest trend for GLW is in Momentum, which has been heading up over the past 31 weeks.
  • GLW's current lowest rank is in the Value metric (where it is better than 47.8% of US stocks).

GLW Stock Summary

  • GLW has a higher market value than 92.35% of US stocks; more precisely, its current market capitalization is $34,605,381,867.
  • Corning Inc's stock had its IPO on January 1, 1986, making it an older stock than 92.81% of US equities in our set.
  • Over the past twelve months, GLW has reported earnings growth of 371.01%, putting it ahead of 94.6% of US stocks in our set.
  • Stocks with similar financial metrics, market capitalization, and price volatility to Corning Inc are LH, ADM, CNQ, NUE, and STM.
  • GLW's SEC filings can be seen here. And to visit Corning Inc's official web site, go to www.corning.com.

GLW Valuation Summary

  • In comparison to the median Technology stock, GLW's EV/EBIT ratio is 37.44% lower, now standing at 20.8.
  • GLW's price/earnings ratio has moved up 0.9 over the prior 243 months.
  • Over the past 243 months, GLW's price/sales ratio has gone up 1.1.

Below are key valuation metrics over time for GLW.

Stock Date P/S P/B P/E EV/EBIT
GLW 2019-10-30 2.0 1.8 19.2 16.5
GLW 2016-04-13 2.6 1.2 17.5 14.4
GLW 2012-07-20 2.4 0.9 7.4 5.0
GLW 2010-07-14 4.6 1.7 9.8 8.6
GLW 2004-10-04 4.8 2.7 97.8 70.6
GLW 2002-01-14 1.2 1.5 -1.9 -2.9

GLW Growth Metrics

  • Its 4 year net cashflow from operations growth rate is now at 8.61%.
  • The 4 year cash and equivalents growth rate now stands at -42.8%.
  • Its 2 year price growth rate is now at -23.16%.
Over the past 49 months, GLW's revenue has gone up $2,484,000,000.

The table below shows GLW's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2021-03-31 12,202 2,655 1,207
2020-12-31 11,303 2,180 512
2020-09-30 10,770 2,424 292
2020-06-30 10,703 2,705 202
2020-03-31 11,082 2,308 365
2019-12-31 11,503 2,031 960

GLW Price Target

For more insight on analysts targets of GLW, see our GLW price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $48.82 Average Broker Recommendation 1.46 (Moderate Buy)

GLW Stock Price Chart Interactive Chart >

Price chart for GLW

GLW Price/Volume Stats

Current price $40.84 52-week high $46.82
Prev. close $40.52 52-week low $30.16
Day low $40.51 Volume 3,639,700
Day high $41.10 Avg. volume 4,594,528
50-day MA $41.54 Dividend yield 2.37%
200-day MA $39.49 Market Cap 34.77B

Corning Incorporated (GLW) Company Bio


Corning manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. The company was founded in 1851 and is based in Corning, New York.

GLW Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$40.84$9.91 -77%

The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Corning Inc. To summarize, we found that Corning Inc ranked in the 21th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. The most interesting components of our discounted cash flow analysis for Corning Inc ended up being:

  • The company's balance sheet shows it gets 83% of its capital from equity, and 17% of its capital from debt. Notably, its equity weight is greater than only 23.77% of US equities in the Technology sector yielding a positive free cash flow.
  • Its compound free cash flow growth rate, as measured over the past 5.76 years, is -0.05% -- higher than just 16.68% of stocks in our DCF forecasting set.
  • Corning Inc's weighted average cost of capital (WACC) is 9%; for context, that number is higher than only 23.67% of tickers in our DCF set.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%-78%
1%-77%
2%-77%
3%-77%
4%-77%
5%-77%

CRNT, DT, MELI, PLT, and ASML can be thought of as valuation peers to GLW, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.


GLW Latest News Stream


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Latest GLW News From Around the Web

Below are the latest news stories about Corning Inc that investors may wish to consider to help them evaluate GLW as an investment opportunity.

Corning Partners with Hyundai Mobis to Enable Augmented Reality Head-Up Display Systems

New product category creates today’s most immersive and connected driving experiencesCORNING, N.Y. , July 26, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today announced a new product category for its Automotive Glass Solutions. Corning® Curved Mirror Solutions are now key components in a new Augmented Reality (AR) Head-Up Display (HUD) system by Hyundai Mobis. Hyundai Motor Company debuted the technology in the 2021 IONIQ 5 electric crossover utility vehicle earlier this year. In

Yahoo | July 26, 2021

Will Corning (GLW) Beat Estimates Again in Its Next Earnings Report?

Corning (GLW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Yahoo | July 26, 2021

Should You Buy Corning (GLW) Ahead of Earnings?

Corning (GLW) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Yahoo | July 26, 2021

Cell-Based Label Free Monitoring Market Size, Key Opportunities, Strategic Assessment, Strong Revenue | Oprating Vendors: Pall, Corning Incorporated, BMG LABTECH, TTP Labtech, AMETEK, Reichert

The documented report on Global Cell-Based Label Free Monitoring Market by Reports Globe aims to offer an organized and methodical strategy for important aspects that have affected the market in recent years and future market opportunities that companies can trust. It gives readers clear market research for better judgment and better decision making on whether []

Jumbo News | July 25, 2021

Data Bus Market 2021 SWOT Analysis, Competitive Landscape and Significant Growth | Top Brands:TE Connectivity Ltd., Amphenol Corporation, Fujikura Ltd., Esterline Technologies Corporation, Corning

This report studies the Data Bus Market with many aspects of the industry such as market size, market status, market trends and forecast. The report also provides brief information on competitors and opportunities for specific growth with the key market drivers. Find the comprehensive analysis of the Data Bus market segmented by company, region, type []

Jumbo News | July 24, 2021

Read More 'GLW' Stories Here

GLW Price Returns

1-mo -0.37%
3-mo -9.05%
6-mo 15.20%
1-year 38.42%
3-year 32.00%
5-year 108.57%
YTD 14.78%
2020 27.57%
2019 -1.02%
2018 -3.28%
2017 34.63%
2016 36.23%

GLW Dividends

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Continue Researching GLW

Want to see what other sources are saying about Corning Inc's financials and stock price? Try the links below:

Corning Inc (GLW) Stock Price | Nasdaq
Corning Inc (GLW) Stock Quote, History and News - Yahoo Finance
Corning Inc (GLW) Stock Price and Basic Information | MarketWatch

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