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
DCF Fair Value Target:
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 14th 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. As for the metrics that stood out in our discounted cash flow analysis of Corning Inc, consider:
The company's balance sheet shows it gets 76% of its capital from equity, and 24% of its capital from debt. Notably, its equity weight is greater than merely 23.98% of US equities in the Technology sector yielding a positive free cash flow.
The company's compound free cash flow growth rate over the past 5.76 years comes in at -0.2%; that's greater than only 8.62% of US stocks we're applying DCF forecasting to.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
EPAY, TACT, CLRO, IEC, and FEYE 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.
EnerSys (ENS) has not been a fun stock to watch over the last 5 years. From its 5-year chart on Seeking Alpha, the stock is only up 11.86% and pays a dividend that has remained flat since 2014. Even as I write this article, I expect crickets from the peanut...