Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 1.59
GLW's Cash to Debt is ranked lower than
51% of the 2488 Companies
in the Global Electronic Components industry.

( Industry Median: 4.04 vs. GLW: 1.59 )
GLW' s 10-Year Cash to Debt Range
Min: 0.04   Max: 2.74
Current: 1.59

0.04
2.74
Equity to Asset 0.74
GLW's Equity to Asset is ranked higher than
81% of the 2478 Companies
in the Global Electronic Components industry.

( Industry Median: 0.58 vs. GLW: 0.74 )
GLW' s 10-Year Equity to Asset Range
Min: 0.23   Max: 0.76
Current: 0.74

0.23
0.76
Interest Coverage 11.43
GLW's Interest Coverage is ranked lower than
54% of the 1547 Companies
in the Global Electronic Components industry.

( Industry Median: 76.29 vs. GLW: 11.43 )
GLW' s 10-Year Interest Coverage Range
Min: 4.77   Max: 25.76
Current: 11.43

4.77
25.76
F-Score: 8
Z-Score: 3.73
M-Score: -2.81
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 17.53
GLW's Operating margin (%) is ranked higher than
94% of the 2464 Companies
in the Global Electronic Components industry.

( Industry Median: 3.42 vs. GLW: 17.53 )
GLW' s 10-Year Operating margin (%) Range
Min: -100.02   Max: 27.16
Current: 17.53

-100.02
27.16
Net-margin (%) 25.08
GLW's Net-margin (%) is ranked higher than
97% of the 2465 Companies
in the Global Electronic Components industry.

( Industry Median: 2.74 vs. GLW: 25.08 )
GLW' s 10-Year Net-margin (%) Range
Min: -90.92   Max: 88.38
Current: 25.08

-90.92
88.38
ROE (%) 9.27
GLW's ROE (%) is ranked higher than
77% of the 2428 Companies
in the Global Electronic Components industry.

( Industry Median: 5.17 vs. GLW: 9.27 )
GLW' s 10-Year ROE (%) Range
Min: -101.55   Max: 39.11
Current: 9.27

-101.55
39.11
ROA (%) 6.89
GLW's ROA (%) is ranked higher than
83% of the 2466 Companies
in the Global Electronic Components industry.

( Industry Median: 2.74 vs. GLW: 6.89 )
GLW' s 10-Year ROA (%) Range
Min: -42.98   Max: 27.3
Current: 6.89

-42.98
27.3
ROC (Joel Greenblatt) (%) 11.69
GLW's ROC (Joel Greenblatt) (%) is ranked higher than
67% of the 2460 Companies
in the Global Electronic Components industry.

( Industry Median: 10.23 vs. GLW: 11.69 )
GLW' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -110.61   Max: 26.99
Current: 11.69

-110.61
26.99
Revenue Growth (%) 8.50
GLW's Revenue Growth (%) is ranked higher than
77% of the 1668 Companies
in the Global Electronic Components industry.

( Industry Median: 3.30 vs. GLW: 8.50 )
GLW' s 10-Year Revenue Growth (%) Range
Min: -27.6   Max: 17.4
Current: 8.5

-27.6
17.4
EBITDA Growth (%) -6.80
GLW's EBITDA Growth (%) is ranked higher than
56% of the 1276 Companies
in the Global Electronic Components industry.

( Industry Median: 5.20 vs. GLW: -6.80 )
GLW' s 10-Year EBITDA Growth (%) Range
Min: -49.6   Max: 34.1
Current: -6.8

-49.6
34.1
EPS Growth (%) -15.90
GLW's EPS Growth (%) is ranked higher than
51% of the 1124 Companies
in the Global Electronic Components industry.

( Industry Median: 5.90 vs. GLW: -15.90 )
GLW' s 10-Year EPS Growth (%) Range
Min: -35.1   Max: 106
Current: -15.9

-35.1
106
» GLW's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

GLW Guru Trades in Q2 2013

Ray Dalio 162,600 sh (New)
Steven Cohen 149,354 sh (New)
Dodge & Cox 55,470,068 sh (+47.03%)
Paul Tudor Jones 41,700 sh (+34.95%)
John Buckingham 328,489 sh (+5.07%)
Mario Gabelli 1,306,251 sh (+1.35%)
Donald Yacktman 14,673,303 sh (+0.65%)
Jeff Auxier 384,951 sh (+0.05%)
Bill Frels 4,289,007 sh (+0.01%)
Brian Rogers 15,000,000 sh (unchged)
Yacktman Fund 6,250,000 sh (unchged)
Yacktman Focused Fund 5,350,000 sh (unchged)
Jean-Marie Eveillard 40 sh (unchged)
Louis Moore Bacon Sold Out
Ruane Cunniff Sold Out
Manning & Napier Advisors, Inc Sold Out
Meridian Funds Sold Out
Tom Russo Sold Out
PRIMECAP Management 19,911,850 sh (-0.21%)
Charles Brandes 14,063,374 sh (-1.64%)
Arnold Van Den Berg 2,986,230 sh (-7.32%)
David Dreman 168,183 sh (-11.02%)
HOTCHKIS & WILEY 28,506,484 sh (-16.94%)
Jim Simons 3,238,800 sh (-20.33%)
Ronald Muhlenkamp 590,827 sh (-25.8%)
» More
Q3 2013

GLW Guru Trades in Q3 2013

Jeremy Grantham 357,905 sh (New)
Mark Hillman 45,000 sh (New)
Ray Dalio 358,500 sh (+120.48%)
David Dreman 185,027 sh (+10.02%)
John Buckingham 353,503 sh (+7.61%)
Dodge & Cox 58,482,118 sh (+5.43%)
HOTCHKIS & WILEY 29,507,790 sh (+3.51%)
PRIMECAP Management 20,033,050 sh (+0.61%)
Jeff Auxier 384,951 sh (unchged)
Yacktman Focused Fund 5,350,000 sh (unchged)
Brian Rogers 15,000,000 sh (unchged)
Jean-Marie Eveillard 40 sh (unchged)
Yacktman Fund 6,250,000 sh (unchged)
Ronald Muhlenkamp Sold Out
Jim Simons Sold Out
Charles Brandes 14,056,788 sh (-0.05%)
Mario Gabelli 1,302,551 sh (-0.28%)
Donald Yacktman 14,589,044 sh (-0.57%)
Arnold Van Den Berg 2,948,875 sh (-1.25%)
Bill Frels 4,234,160 sh (-1.28%)
Paul Tudor Jones 27,200 sh (-34.77%)
Steven Cohen 38,267 sh (-74.38%)
» More
Q4 2013

GLW Guru Trades in Q4 2013

Robert Olstein 202,000 sh (New)
Richard Pzena 2,971,813 sh (New)
John Hussman 10,000 sh (New)
Jeremy Grantham 431,326 sh (+20.51%)
Mark Hillman 54,208 sh (+20.46%)
Mario Gabelli 1,375,051 sh (+5.57%)
John Buckingham 359,275 sh (+1.63%)
Yacktman Focused Fund 5,350,000 sh (unchged)
Jeff Auxier 384,951 sh (unchged)
Yacktman Fund 6,250,000 sh (unchged)
Jean-Marie Eveillard 40 sh (unchged)
Brian Rogers 15,000,000 sh (unchged)
PRIMECAP Management 20,020,750 sh (-0.06%)
HOTCHKIS & WILEY 29,447,147 sh (-0.21%)
Paul Tudor Jones 27,100 sh (-0.37%)
Bill Frels 4,208,490 sh (-0.61%)
Dodge & Cox 57,946,118 sh (-0.92%)
Donald Yacktman 14,422,259 sh (-1.14%)
Arnold Van Den Berg 2,915,351 sh (-1.14%)
Steven Cohen 35,658 sh (-6.82%)
Charles Brandes 12,681,019 sh (-9.79%)
David Dreman 80,787 sh (-56.34%)
Ray Dalio 115,745 sh (-67.71%)
» More
Q1 2014

GLW Guru Trades in Q1 2014

Brian Rogers 15,000,000 sh (unchged)
Arnold Van Den Berg 2,877,393 sh (-1.3%)
Yacktman Fund 4,750,000 sh (-24%)
Yacktman Focused Fund 2,220,000 sh (-58.5%)
» More
» Details

Insider Trades

Latest Guru Trades with GLW

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Yacktman Focused Fund 2014-03-31 Reduce -58.5%0.59%$17.05 - $20.61 $ 21.0412%2220000
Yacktman Fund 2014-03-31 Reduce -24%0.24%$17.05 - $20.61 $ 21.0412%4750000
Charles Brandes 2013-12-31 Reduce -9.79%0.25%$14 - $17.78 $ 21.0428%12681019
David Dreman 2013-12-31 Reduce -56.34%0.14%$14 - $17.78 $ 21.0428%80787
Ray Dalio 2013-12-31 Reduce -67.71%0.03%$14 - $17.78 $ 21.0428%115745
John Hussman 2013-12-31 New Buy0.01%$14 - $17.78 $ 21.0428%10000
Ronald Muhlenkamp 2013-09-30 Sold Out 1.8%$13.92 - $15.45 $ 21.0442%0
Ray Dalio 2013-09-30 Add 120.48%0.02%$13.92 - $15.45 $ 21.0442%358500
Ronald Muhlenkamp 2013-06-30 Reduce -25.8%0.57%$12.82 - $16.31 $ 21.0445%590827
Ruane Cunniff 2013-06-30 Sold Out 0.37%$12.82 - $16.31 $ 21.0445%0
Arnold Van Den Berg 2013-06-30 Reduce -7.32%0.31%$12.82 - $16.31 $ 21.0445%2986230
Dodge & Cox 2013-06-30 Add 47.03%0.3%$12.82 - $16.31 $ 21.0445%55470068
Meridian Funds 2013-06-30 Sold Out 0.26%$12.82 - $16.31 $ 21.0445%0
Ray Dalio 2013-06-30 New Buy0.02%$12.82 - $16.31 $ 21.0445%162600
Charles Brandes 2013-03-31 Add 13.69%0.28%$11.79 - $13.33 $ 21.0468%14297526
Jean-Marie Eveillard 2013-03-31 Reduce -100%0.1%$11.79 - $13.33 $ 21.0468%40
Ray Dalio 2013-03-31 Sold Out 0.09%$11.79 - $13.33 $ 21.0468%0
James Barrow 2013-03-31 Sold Out 0.04%$11.79 - $13.33 $ 21.0468%0
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Top Ranked Articles about Corning Inc

Arnold Van Den Berg adds Wells Fargo to his Top Five Holdings of the First Quarter
Arnold Van Den Berg is the founder of Austin-based Century Management. He and his team seek companies that are trading at discounts to their intrinsic value either because they are lesser known, have a short-term problem or are temporarily out of favor. Read more...
Ron Muhlenkamp Slices Apple, Halliburton - Sells Intel, Corning, Others
As of the third quarter, the updated portfolio of Ronald Muhlenkamp and the Muhlenkamp Fund lists 57 stocks, 3 of them new, a total value at $503 million, and a quarter-over-quarter turnover of 5%. The portfolio is currently weighted with top three sectors: financial services at 23%, consumer cyclical at 19% and industrials at 16.7%. The stocks bought by Muhlenkamp averaged a return of 19.18% over 12 months. Read more...
Guru Mark Hillman Buys 3 New Stocks - Corning, UPS, AT&T
Mark Hillman, who founded Hillman Capital Management in 1998, added three new stocks to his portfolio in the third quarter for a total of 39 equity positions. The portfolio is valued at $65 million and had quarter-over-quarter turnover of 5%. Read more...
David and Goliath of LCDs - 20 Gurus Hold GLW, One Guru Holds WGA
Corning Inc. reported last week that it will buy Samsung Corning Precision Materials Co.’s stake in their liquid crystal display (LCD) panel joint venture for around $300 million. The acquisition, set for completion in early 2014, is expected to add around $2 billion per year to Corning’s sales, according to Reuters. Read more...
Six Sells Review - Ruane, Cunniff & Goldfarb
Managed by Ruane, Cunniff & Goldfarb, the Sequoia Fund's average annual total return as of June 30, 2013 is 14.65%, year-to-date, compared to the S&P 500’s at 13.83%. Sequoia Fund’s average annual total return over one year is 25.98%, compared to the S&P 500’s 20.60%. The recently updated portfolio of Ruane, Cunniff & Goldfarb Inc. lists 148 stocks, 13 of them new, with a total value of $15.53 billion and a quarter-over-quarter turnover of 1%. The portfolio’s top sectors are weighted as health care at 26.8%, financial services at 22.4% and consumer cyclical at 21.4%. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 15.70
GLW's P/E(ttm) is ranked higher than
69% of the 1771 Companies
in the Global Electronic Components industry.

( Industry Median: 19.30 vs. GLW: 15.70 )
GLW' s 10-Year P/E(ttm) Range
Min: 2.23   Max: 401.25
Current: 15.7

2.23
401.25
P/B 1.40
GLW's P/B is ranked higher than
60% of the 2370 Companies
in the Global Electronic Components industry.

( Industry Median: 1.48 vs. GLW: 1.40 )
GLW' s 10-Year P/B Range
Min: 0.74   Max: 7.44
Current: 1.4

0.74
7.44
P/S 3.90
GLW's P/S is ranked lower than
82% of the 2534 Companies
in the Global Electronic Components industry.

( Industry Median: 0.91 vs. GLW: 3.90 )
GLW' s 10-Year P/S Range
Min: 1.97   Max: 9.48
Current: 3.9

1.97
9.48
PFCF 17.20
GLW's PFCF is ranked higher than
58% of the 1305 Companies
in the Global Electronic Components industry.

( Industry Median: 16.38 vs. GLW: 17.20 )
GLW' s 10-Year PFCF Range
Min: 9.88   Max: 555
Current: 17.2

9.88
555
EV-to-EBIT 20.00
GLW's EV-to-EBIT is ranked lower than
51% of the 1925 Companies
in the Global Electronic Components industry.

( Industry Median: 15.73 vs. GLW: 20.00 )
GLW' s 10-Year EV-to-EBIT Range
Min: 5.9   Max: 150.1
Current: 20

5.9
150.1
PEG 6.30
GLW's PEG is ranked lower than
66% of the 796 Companies
in the Global Electronic Components industry.

( Industry Median: 1.26 vs. GLW: 6.30 )
GLW' s 10-Year PEG Range
Min: 0.23   Max: 6.3
Current: 6.3

0.23
6.3
Shiller P/E 10.80
GLW's Shiller P/E is ranked higher than
88% of the 794 Companies
in the Global Electronic Components industry.

( Industry Median: 25.60 vs. GLW: 10.80 )
GLW' s 10-Year Shiller P/E Range
Min: 5.45   Max: 1368
Current: 10.8

5.45
1368

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.90
GLW's Dividend Yield is ranked higher than
57% of the 1576 Companies
in the Global Electronic Components industry.

( Industry Median: 1.78 vs. GLW: 1.90 )
GLW' s 10-Year Dividend Yield Range
Min: 0.19   Max: 2.75
Current: 1.9

0.19
2.75
Dividend Payout 0.29
GLW's Dividend Payout is ranked higher than
60% of the 1242 Companies
in the Global Electronic Components industry.

( Industry Median: 0.31 vs. GLW: 0.29 )
GLW' s 10-Year Dividend Payout Range
Min: 0.06   Max: 0.96
Current: 0.29

0.06
0.96
Dividend growth (3y) 24.90
GLW's Dividend growth (3y) is ranked higher than
86% of the 616 Companies
in the Global Electronic Components industry.

( Industry Median: 3.80 vs. GLW: 24.90 )
GLW' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 26
Current: 24.9

0
26
Yield on cost (5-Year) 4.65
GLW's Yield on cost (5-Year) is ranked higher than
85% of the 1644 Companies
in the Global Electronic Components industry.

( Industry Median: 1.94 vs. GLW: 4.65 )
GLW' s 10-Year Yield on cost (5-Year) Range
Min: 0.46   Max: 6.73
Current: 4.65

0.46
6.73
Share Buyback Rate 2.60
GLW's Share Buyback Rate is ranked higher than
92% of the 1229 Companies
in the Global Electronic Components industry.

( Industry Median: -1.20 vs. GLW: 2.60 )
GLW' s 10-Year Share Buyback Rate Range
Min: 2.6   Max: -16.4
Current: 2.6

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.60
GLW's Price/Tangible Book is ranked higher than
57% of the 2297 Companies
in the Global Electronic Components industry.

( Industry Median: 1.60 vs. GLW: 1.60 )
GLW' s 10-Year Price/Tangible Book Range
Min: 0.93   Max: 17.47
Current: 1.6

0.93
17.47
Price/DCF (Projected) 0.90
GLW's Price/DCF (Projected) is ranked higher than
83% of the 947 Companies
in the Global Electronic Components industry.

( Industry Median: 1.30 vs. GLW: 0.90 )
GLW' s 10-Year Price/DCF (Projected) Range
Min: 0.66   Max: 19.72
Current: 0.9

0.66
19.72
Price/Median PS Value 0.90
GLW's Price/Median PS Value is ranked higher than
85% of the 2361 Companies
in the Global Electronic Components industry.

( Industry Median: 1.10 vs. GLW: 0.90 )
GLW' s 10-Year Price/Median PS Value Range
Min: 0.23   Max: 1.66
Current: 0.9

0.23
1.66
Price/Peter Lynch Fair Value 0.80
GLW's Price/Peter Lynch Fair Value is ranked higher than
83% of the 383 Companies
in the Global Electronic Components industry.

( Industry Median: 1.10 vs. GLW: 0.80 )
GLW' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.28   Max: 7.68
Current: 0.8

0.28
7.68
Price/Graham Number 1.00
GLW's Price/Graham Number is ranked higher than
68% of the 1701 Companies
in the Global Electronic Components industry.

( Industry Median: 1.20 vs. GLW: 1.00 )
GLW' s 10-Year Price/Graham Number Range
Min: 0.43   Max: 9
Current: 1

0.43
9
Earnings Yield (Greenblatt) 5.00
GLW's Earnings Yield (Greenblatt) is ranked higher than
55% of the 2081 Companies
in the Global Electronic Components industry.

( Industry Median: 6.10 vs. GLW: 5.00 )
GLW' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.7   Max: 16.9
Current: 5

0.7
16.9
Forward Rate of Return (Yacktman) 23.55
GLW's Forward Rate of Return (Yacktman) is ranked higher than
90% of the 1318 Companies
in the Global Electronic Components industry.

( Industry Median: 3.15 vs. GLW: 23.55 )
GLW' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -1.6   Max: 30.9
Current: 23.55

-1.6
30.9

Business Description

Industry: Computer Hardware » Electronic Components
Compare:HTHIY, MIELY, APH, TEL, CBE » details
Traded in other countries:GLW.Germany
Corning Inc was incorporated in the State of New York in December 1936. The Company's name was changed from Corning Glass Works to Corning Incorporated on April 28, 1989. The Company is a provider of high-performance glass for LCD televisions, computer monitors, and other information display applications; optical fiber and cable and hardware and equipment products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies. It operates in five reportable business segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences. Display Technologies manufactures liquid crystal display glass for flat panel displays. Telecommunications segment produces optical fiber and cable and hardware and equipment products for the telecommunications industry. Environmental Technologies manufactures ceramic substrates and filters for automotive and diesel applications. Specialty Materials manufactures products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals to meet demand for unique customer needs. Life Sciences manufactures glass and plastic consumables for scientific applications. All other operating segments that do not meet the quantitative threshold for separate reporting have been grouped as 'All Other.' This group includes development projects and new product lines, certain corporate investments, Samsung Corning Precision's non-LCD business, and Corning's Eurokera and Keraglass equity ventures with Saint Gobain Vitrage S.A. of France which manufactures smooth cooktop glass/ceramic products in France, China, and South Carolina. Its production of specialty glasses, ceramics, and related materials requires energy, uninterrupted power sources, certain precious metals, and different batch materials. Many of Corning's manufacturing processes could be operated with natural gas, propane, oil or electricity, or a combination of these energy sources. The Company's trademarks include the following: Corning, Celcor, DuraTrap, Epic, Evolant, HPFS, Lanscape, Pyrex, ClearCurve, SMF-28e, and Gorilla. Corning competes across all of its product lines with many large and varied manufacturers, both domestic and foreign. The Company's manufacturing process generates chemical waste, waste water and other industrial waste and green house gases at different stages in the manufacturing process, and it is subject to a variety of laws and regulations relating to the use, storage, discharge and disposal of such substances.

Personalized Checklist








Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

Add Notes, Comments or Ask Questions

User Comments

No comment yet

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide