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:
We started the process of determining a valid price forecast for Corning Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Corning Inc ranked in the 12th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for Corning Inc ended up being:
The company's balance sheet shows it gets 77% of its capital from equity, and 23% of its capital from debt. Its equity weight surpasses that of just 24.2% of free cash flow generating stocks in the Technology sector.
The company's compound free cash flow growth rate over the past 5.71 years comes in at -0.19%; that's greater than only 8.43% of US stocks we're applying DCF forecasting to.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
ON, SAP, SIMO, CASA, and ELSE 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.
Back in March, we noted that optical Thunderbolt 3 cables were starting to become available some four years after the standard's debut. Availability of these high-end optical cables has taken another step forward recently, as Corning has begun shipping out its cables in lengths ranging from 5 meters to 50 meters. Corning's 10-meter optical Thunderbolt 3 cable Compared to passive and active copper Thunderbolt 3 cables that support relatively short lengths most appropriate for a desktop setting, optical cables allow for much longer cable lengths needed by certain professional and corporate users. But for anyone who wants to be able to put their computer and/or accessories like external storage some distance away from their workspace, such as for heat, noise, or aesthetic reasons, these ca...
The Blood Serum market 2020 research report is a detailed view of market opportunity by end-user segments, product Type segments, sales channels, key countries. It also provides market credentials such as history, various development and trends, market overview, regional markets
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