(GLW) Corning - NYSE
Sector: Technology | Industry: Electronic Components | Exchange: NYSE (USA) | Market Cap: 167.756m USD | Total Return: 280.4% in 12m
Avg Turnover: 2.28B
EPS Trend: 89.5%
Qual. Beats: 1
Rev. Trend: 82.2%
Qual. Beats: 0
Warnings
P/E ratio 98.9
Tailwinds
Rs Leader, Tailwind, Pullback 52w, Avwap Ph Week
Corning Incorporated (GLW) is a diversified manufacturing firm specializing in glass science, ceramics science, and optical physics. The company operates across five primary segments: Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies, and Life Sciences. Its product portfolio includes fiber optic cables, glass substrates for LCD and OLED displays, mobile consumer electronics glass, and emissions control substrates for the automotive industry.
The business model relies heavily on high-barrier-to-entry manufacturing processes and significant research and development investment to maintain intellectual property leadership. In the electronic components sector, demand is cyclical and closely tied to global capital expenditures in 5G infrastructure and consumer electronics refresh cycles. Corning’s vertical integration allows it to supply critical components ranging from semiconductor equipment optics to pharmaceutical glass packaging.
You may find deeper insights into these market cycles by reviewing the historical performance data on ValueRay.
Founded in 1851 and headquartered in New York, the company maintains a global footprint with major operations in North America, Asia, and Europe. Its brand portfolio includes established names such as PYREX and Falcon, supporting its position in both industrial and laboratory markets.
- Rising demand for high-bandwidth fiber optics fuels telecommunications infrastructure revenue growth
- Display Technologies segment profitability depends on glass substrate pricing and inventory cycles
- Adoption of Gorilla Glass and semiconductor materials drives specialty materials margin
- Automotive emission standards mandate increased demand for ceramic substrate and filter products
- Capital expenditure cycles in hyperscale data centers impact optical communications sales volume
| Net Income: 1.81b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.88 > 1.0 |
| NWC/Revenue: 22.12% < 20% (prev 22.96%; Δ -0.84% < -1%) |
| CFO/TA 0.09 > 3% & CFO 2.91b > Net Income 1.81b |
| Net Debt (8.17b) to EBITDA (3.77b): 2.17 < 3 |
| Current Ratio: 1.61 > 1.5 & < 3 |
| Outstanding Shares: last quarter (862.8m) vs 12m ago -0.37% < -2% |
| Gross Margin: 36.31% > 18% (prev 33.08%; Δ 3.23% > 0.5%) |
| Asset Turnover: 55.66% > 50% (prev 49.63%; Δ 6.03% > 0%) |
| Interest Coverage Ratio: 7.90 > 6 (EBIT TTM 2.73b / Interest Expense TTM 346.0m) |
| A: 0.12 (Total Current Assets 9.53b - Total Current Liabilities 5.92b) / Total Assets 31.3b |
| B: 0.53 (Retained Earnings 16.7b / Total Assets 31.3b) |
| C: 0.09 (EBIT TTM 2.73b / Avg Total Assets 29.3b) |
| D: 0.62 (Book Value of Equity 11.8b / Total Liabilities 18.9b) |
| Altman-Z'' = 3.78 = AA |
| DSRI: 1.09 (Receivables 2.68b/2.04b, Revenue 16.3b/13.6b) |
| GMI: 0.91 (GM 33.08% / 36.31%) |
| AQI: 0.95 (AQ_t 0.22 / AQ_t-1 0.23) |
| SGI: 1.20 (Revenue 16.3b / 13.6b) |
| TATA: -0.04 (NI 1.81b - CFO 2.91b) / TA 31.3b) |
| Beneish M = -2.92 (Cap -4..+1) = A |
As of June 22, 2026, the stock is trading at USD 194.92 with a total of 22,778,000 shares traded. Over the past week, the price has changed by +10.40%, over one month by +1.73%, over three months by +49.06% and over the past year by +280.41%.
Current recommended Stop Loss: 162.40 (which is 16.7% or 2.5 ATR below the current price).
Corning has received a consensus analysts rating of 4.19. Therefore, it is recommended to buy GLW.
- StrongBuy: 10
- Buy: 0
- Hold: 5
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 198 | 1.6% |
P/E Trailing = 98.9442
P/E Forward = 61.3497
P/S = 10.2785
P/B = 14.2021
P/EG = 1.5258
Revenue TTM = 16.3b USD
EBIT TTM = 2.73b USD
EBITDA TTM = 3.77b USD
Long Term Debt = 7.72b USD (from longTermDebt, last quarter)
Short Term Debt = 1.25b USD (from shortTermDebt, last quarter)
Debt = 9.92b USD (from shortLongTermDebtTotal, last quarter) + Leases 951.0m
Net Debt = 8.17b USD (calculated: Debt 9.92b - CCE 1.75b)
Enterprise Value = 176b USD (168b + Debt 9.92b - CCE 1.75b)
Interest Coverage Ratio = 7.90 (Ebit TTM 2.73b / Interest Expense TTM 346.0m)
EV/FCF = 117.3x (Enterprise Value 176b / FCF TTM 1.50b)
FCF Yield = 0.85% (FCF TTM 1.50b / Enterprise Value 176b)
FCF Margin = 9.19% (FCF TTM 1.50b / Revenue TTM 16.3b)
Net Margin = 11.09% (Net Income TTM 1.81b / Revenue TTM 16.3b)
Gross Margin = 36.31% ((Revenue TTM 16.3b - Cost of Revenue TTM 10.4b) / Revenue TTM)
Gross Margin QoQ = 36.87% (prev 35.26%)
Tobins Q-Ratio = 5.63 (Enterprise Value 176b / Total Assets 31.3b)
Interest Expense / Debt = 3.49% (Interest Expense 346.0m / Debt 9.92b)
Taxrate = 16.06% (376.0m / 2.34b)
NOPAT = 2.29b (EBIT 2.73b * (1 - 16.06%))
Current Ratio = 1.61 (Total Current Assets 9.53b / Total Current Liabilities 5.92b)
Debt / Equity = 0.84 (Debt 9.92b / totalStockholderEquity, last quarter 11.8b)
Debt / EBITDA = 2.17 (Net Debt 8.17b / EBITDA 3.77b)
Debt / FCF = 5.45 (Net Debt 8.17b / FCF TTM 1.50b)
Total Stockholder Equity = 11.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.17% (Net Income 1.81b / Total Assets 31.3b)
RoE = 15.65% (Net Income TTM 1.81b / Total Stockholder Equity 11.6b)
RoCE = 14.17% (EBIT 2.73b / Capital Employed (Equity 11.6b + L.T.Debt 7.72b))
RoIC = 8.90% (NOPAT 2.29b / Invested Capital 25.8b)
WACC = 12.04% (E(168b)/V(178b) * Re(12.58%) + D(9.92b)/V(178b) * Rd(3.49%) * (1-Tc(0.16)))
Discount Rate = 12.58% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 62.93 | Cagr: 0.62%
[DCF] Terminal Value 66.99% ; FCFF base≈1.33b ; Y1≈1.52b ; Y5≈2.24b
[DCF] Fair Price = 14.17 (EV 20.4b - Net Debt 8.17b = Equity 12.2b / Shares 860.6m; r=12.04% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 89.51 | EPS CAGR: 18.21% | SUE: 0.86 | # QB: 1
Revenue Correlation: 82.20 | Revenue CAGR: 8.89% | SUE: -0.39 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.75 | Chg30d=-0.50% | Revisions=-20% | Analysts=12
EPS next Quarter (2026-09-30): EPS=0.85 | Chg30d=+0.27% | Revisions=+9% | Analysts=12
EPS current Year (2026-12-31): EPS=3.19 | Chg30d=-0.11% | Revisions=+33% | GrowthEPS=+26.7% | GrowthRev=+15.4%
EPS next Year (2027-12-31): EPS=4.19 | Chg30d=-0.87% | Revisions=+47% | GrowthEPS=+31.2% | GrowthRev=+18.3%
[Analyst] Revisions Ratio: +47%