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:
Below please find a table outlining a discounted cash flow forecast for GLW, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Corning Inc ranked in the 3th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 99%. In terms of the factors that were most noteworthy in this DCF analysis for GLW, they are:
The company's balance sheet shows it gets 64% of its capital from equity, and 36% of its capital from debt. Its equity weight surpasses that of just 19.55% of free cash flow generating stocks in the Technology sector.
Its compound free cash flow growth rate, as measured over the past 5.56 years, is -0.44% -- higher than merely 2.83% of stocks in our DCF forecasting set.
Corning Inc's weighted average cost of capital (WACC) is 6%; for context, that number is higher than just 14.21% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
GSKY, PRTS, YGEHY, ZIXI, and AIRG 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.