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GuruFocus Financial Strength Rank measures how strong a companyย’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 : 5/10

vs
industry
vs
history
Cash to Debt 1.777
GLW's Cash to Debt is ranked lower than
64% of the 1887 Companies
in the Global Electronic Components industry.

( Industry Median: 4.95 vs. GLW: 1.777 )
GLW' s 10-Year Cash to Debt Range
Min: 0.03   Max: 2.74
Current: 1.78

0.03
2.74
Equity to Asset 0.681
GLW's Equity to Asset is ranked higher than
70% of the 1887 Companies
in the Global Electronic Components industry.

( Industry Median: 0.56 vs. GLW: 0.681 )
GLW' s 10-Year Equity to Asset Range
Min: 0.19   Max: 0.72
Current: 0.68

0.19
0.72
Interest Coverage 13.6
GLW's Interest Coverage is ranked lower than
52% of the 1887 Companies
in the Global Electronic Components industry.

( Industry Median: 18.10 vs. GLW: 13.6 )
GLW' s 10-Year Interest Coverage Range
Min: 6   Max: No Debt
Current: 13.6

F-Score: 5
Z-Score: 3.29
M-Score: -2.38
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’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.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

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 : 6/10

vs
industry
vs
history
Operating margin (%) 16.50
GLW's Operating margin (%) is ranked higher than
91% of the 1887 Companies
in the Global Electronic Components industry.

( Industry Median: 3.40 vs. GLW: 16.50 )
GLW' s 10-Year Operating margin (%) Range
Min: -95.7   Max: 27.2
Current: 16.5

-95.7
27.2
Net-margin (%) 21.6
GLW's Net-margin (%) is ranked higher than
96% of the 1887 Companies
in the Global Electronic Components industry.

( Industry Median: 2.50 vs. GLW: 21.6 )
GLW' s 10-Year Net-margin (%) Range
Min: -87.7   Max: 88.4
Current: 21.6

-87.7
88.4
ROE (%) 8
GLW's ROE (%) is ranked higher than
66% of the 1887 Companies
in the Global Electronic Components industry.

( Industry Median: 4.40 vs. GLW: 8 )
GLW' s 10-Year ROE (%) Range
Min: -101.6   Max: 39.1
Current: 8

-101.6
39.1
ROA (%) 5.9
GLW's ROA (%) is ranked higher than
73% of the 1887 Companies
in the Global Electronic Components industry.

( Industry Median: 2.60 vs. GLW: 5.9 )
GLW' s 10-Year ROA (%) Range
Min: -43   Max: 27.3
Current: 5.9

-43
27.3
ROC (Joel Greenblatt) (%) 10.70
GLW's ROC (Joel Greenblatt) (%) is ranked higher than
55% of the 1887 Companies
in the Global Electronic Components industry.

( Industry Median: 8.80 vs. GLW: 10.70 )
GLW' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -109.7   Max: 21.1
Current: 10.7

-109.7
21.1
Revenue Growth (%) 11.5
GLW's Revenue Growth (%) is ranked higher than
89% of the 1887 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. GLW: 11.5 )
GLW' s 10-Year Revenue Growth (%) Range
Min: -25.9   Max: 11.5
Current: 11.5

-25.9
11.5
EBITDA Growth (%) 19.7
GLW's EBITDA Growth (%) is ranked higher than
93% of the 1887 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. GLW: 19.7 )
GLW' s 10-Year EBITDA Growth (%) Range
Min: -40.3   Max: 19.7
Current: 19.7

-40.3
19.7
EPS Growth (%) -2.6
GLW's EPS Growth (%) is ranked lower than
86% of the 1887 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. GLW: -2.6 )
GLW' s 10-Year EPS Growth (%) Range
Min: -28.3   Max: 71.9
Current: -2.6

-28.3
71.9
ยป GLW's 10-Y Financials

Financials


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

» Details

Guru Trades

Q2 2012

GLW Guru Trades in Q2 2012

Ray Dalio 69,575 sh (New)
John Buckingham 266,698 sh (+246.67%)
Jeff Auxier 117,341 sh (+190.15%)
Steven Cohen 90,022 sh (+31.86%)
Mario Gabelli 727,597 sh (+21.55%)
Brian Rogers 8,250,000 sh (+3.13%)
Dodge & Cox 25,320,550 sh (+3.12%)
Donald Yacktman 13,268,764 sh (+0.47%)
Bill Frels 3,595,281 sh (+0.17%)
Arnold Van Den Berg 916,128 sh (+0.07%)
Tom Russo 1,750 sh (unchged)
Louis Moore Bacon 200,000 sh (unchged)
Ronald Muhlenkamp 814,989 sh (-0.13%)
Manning & Napier Advisors, Inc 19,989,746 sh (-0.72%)
HOTCHKIS & WILEY 15,092,936 sh (-3.4%)
Charles Brandes 14,175,763 sh (-5.76%)
James Barrow 3,110,953 sh (-6.76%)
David Dreman 1,112,964 sh (-14.4%)
Ruane Cunniff 7,161,800 sh (-16.77%)
PRIMECAP Management 20,381,340 sh (-36.08%)
Jim Simons 1,538,700 sh (-63.8%)
Louis Moore Bacon 75,000 sh (-80.26%)
Jean-Marie Eveillard 40 sh (-100%)
» More
Q3 2012

GLW Guru Trades in Q3 2012

Steven Cohen 390,142 sh (+333.39%)
Ray Dalio 185,775 sh (+167.01%)
Arnold Van Den Berg 2,039,808 sh (+122.66%)
HOTCHKIS & WILEY 26,997,627 sh (+78.88%)
Jim Simons 2,264,200 sh (+47.15%)
Brian Rogers 11,000,000 sh (+33.33%)
Dodge & Cox 33,761,150 sh (+33.33%)
Mario Gabelli 877,871 sh (+20.65%)
Donald Yacktman 14,113,698 sh (+6.37%)
Bill Frels 3,604,682 sh (+0.26%)
John Buckingham 267,175 sh (+0.18%)
Yacktman Fund 6,100,000 sh (unchged)
Tom Russo 1,750 sh (unchged)
Jean-Marie Eveillard 40 sh (unchged)
Yacktman Focused Fund 5,100,000 sh (unchged)
Louis Moore Bacon Sold Out
Jeff Auxier 116,991 sh (-0.3%)
Ruane Cunniff 7,139,991 sh (-0.3%)
Ronald Muhlenkamp 810,697 sh (-0.53%)
Charles Brandes 13,884,382 sh (-2.06%)
PRIMECAP Management 19,199,340 sh (-5.8%)
James Barrow 2,882,453 sh (-7.35%)
David Dreman 730,638 sh (-34.35%)
Manning & Napier Advisors, Inc 74,853 sh (-99.63%)
» More
Q4 2012

GLW Guru Trades in Q4 2012

Paul Tudor Jones 77,500 sh (New)
Meridian Funds 543,000 sh (New)
Jean-Marie Eveillard 2,210,444 sh (+5.52601e+06%)
Ray Dalio 688,575 sh (+270.65%)
Arnold Van Den Berg 3,262,573 sh (+59.95%)
Mario Gabelli 1,308,951 sh (+49.11%)
Brian Rogers 14,000,000 sh (+27.27%)
HOTCHKIS & WILEY 29,746,889 sh (+10.18%)
Yacktman Focused Fund 5,350,000 sh (+4.9%)
Donald Yacktman 14,569,803 sh (+3.23%)
Yacktman Fund 6,250,000 sh (+2.46%)
Bill Frels 3,675,419 sh (+1.96%)
John Buckingham 269,578 sh (+0.9%)
Manning & Napier Advisors, Inc 75,403 sh (+0.73%)
Dodge & Cox 34,004,700 sh (+0.72%)
Jeff Auxier 117,341 sh (+0.3%)
Jim Simons Sold Out
PRIMECAP Management 19,149,040 sh (-0.26%)
Ronald Muhlenkamp 801,522 sh (-1.13%)
Charles Brandes 12,575,387 sh (-9.43%)
Ruane Cunniff 4,209,240 sh (-41.05%)
Tom Russo 1,000 sh (-42.86%)
James Barrow 1,480,653 sh (-48.63%)
David Dreman 206,023 sh (-71.8%)
Steven Cohen 65,443 sh (-83.23%)
» More
Q1 2013

GLW Guru Trades in Q1 2013

Louis Moore Bacon 100,000 sh (New)
Jim Simons 4,065,500 sh (New)
Jeff Auxier 384,751 sh (+227.89%)
Bill Frels 4,288,381 sh (+16.68%)
John Buckingham 312,629 sh (+15.97%)
HOTCHKIS & WILEY 34,318,744 sh (+15.37%)
Charles Brandes 14,297,526 sh (+13.69%)
Dodge & Cox 37,725,968 sh (+10.94%)
Manning & Napier Advisors, Inc 81,971 sh (+8.71%)
Brian Rogers 15,000,000 sh (+7.14%)
PRIMECAP Management 19,953,750 sh (+4.2%)
Donald Yacktman 14,579,165 sh (+0.06%)
Yacktman Fund 6,250,000 sh (unchged)
Tom Russo 1,000 sh (unchged)
Meridian Funds 543,000 sh (unchged)
Yacktman Focused Fund 5,350,000 sh (unchged)
Ray Dalio Sold Out
Steven Cohen Sold Out
James Barrow Sold Out
Ruane Cunniff 4,187,155 sh (-0.52%)
Ronald Muhlenkamp 796,252 sh (-0.66%)
Arnold Van Den Berg 3,222,130 sh (-1.24%)
Mario Gabelli 1,288,851 sh (-1.54%)
David Dreman 189,003 sh (-8.26%)
Paul Tudor Jones 30,900 sh (-60.13%)
Jean-Marie Eveillard 40 sh (-100%)
» More
» Details

Insider Trades

Latest Guru Trades with GLW

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Charles Brandes 2013-03-31 Add 13.69%0.28%$11.79 - $13.33 $ 15.7525%14297526
Jean-Marie Eveillard 2013-03-31 Reduce -100%0.1%$11.79 - $13.33 $ 15.7525%40
Ray Dalio 2013-03-31 Sold Out 0.09%$11.79 - $13.33 $ 15.7525%0
James Barrow 2013-03-31 Sold Out 0.04%$11.79 - $13.33 $ 15.7525%0
Arnold Van Den Berg 2012-12-31 Add 59.95%1.7%$10.88 - $13.83 $ 15.7527%3262573
Ruane Cunniff 2012-12-31 Reduce -41.05%0.29%$10.88 - $13.83 $ 15.7527%4209240
Meridian Funds 2012-12-31 New Buy0.27%$10.88 - $13.83 $ 15.7527%543000
David Dreman 2012-12-31 Reduce -71.8%0.17%$10.88 - $13.83 $ 15.7527%206023
Jean-Marie Eveillard 2012-12-31 Add 5.52601e+06%0.1%$10.88 - $13.83 $ 15.7527%2210444
Ray Dalio 2012-12-31 Add 270.65%0.06%$10.88 - $13.83 $ 15.7527%688575
Mario Gabelli 2012-12-31 Add 49.11%0.04%$10.88 - $13.83 $ 15.7527%1308951
James Barrow 2012-12-31 Reduce -48.63%0.04%$10.88 - $13.83 $ 15.7527%1480653
Arnold Van Den Berg 2012-09-30 Add 122.66%1.65%$11.11 - $13.31 $ 15.7529%2039808
Dodge & Cox 2012-09-30 Add 33.33%0.14%$11.11 - $13.31 $ 15.7529%33761150
David Dreman 2012-09-30 Reduce -34.35%0.12%$11.11 - $13.31 $ 15.7529%730638
Ray Dalio 2012-09-30 Add 167.01%0.02%$11.11 - $13.31 $ 15.7529%185775
Mario Gabelli 2012-09-30 Add 20.65%0.01%$11.11 - $13.31 $ 15.7529%877871
PRIMECAP Management 2012-06-30 Reduce -36.08%0.24%$12.36 - $14.45 $ 15.7519%20381340
Jean-Marie Eveillard 2012-06-30 Reduce -100%0.05%$12.36 - $14.45 $ 15.7519%40
Ray Dalio 2012-06-30 New Buy0.01%$12.36 - $14.45 $ 15.7519%69575
Mario Gabelli 2012-06-30 Add 21.55%0.01%$12.36 - $14.45 $ 15.7519%727597
Premium More recent guru trades are included for Premium Members only!!

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Ratios

vs
industry
vs
history
P/E(ttm) 13.60
GLW's P/E(ttm) is ranked lower than
73910% of the 1353 Companies
in the Global Electronic Components industry.

( Industry Median: 18.30 vs. GLW: 13.60 )
GLW' s 10-Year P/E(ttm) Range
Min: 2.24   Max: 1273
Current: 13.6

2.24
1273
P/B 1.10
GLW's P/B is ranked lower than
54113% of the 1848 Companies
in the Global Electronic Components industry.

( Industry Median: 1.24 vs. GLW: 1.10 )
GLW' s 10-Year P/B Range
Min: 0.26   Max: 13.07
Current: 1.1

0.26
13.07
P/S 3.00
GLW's P/S is ranked lower than
53163% of the 1881 Companies
in the Global Electronic Components industry.

( Industry Median: 0.83 vs. GLW: 3.00 )
GLW' s 10-Year P/S Range
Min: 0.35   Max: 15.05
Current: 3

0.35
15.05
PFCF 15.70
GLW's PFCF is ranked lower than
92850% of the 1077 Companies
in the Global Electronic Components industry.

( Industry Median: 14.90 vs. GLW: 15.70 )
GLW' s 10-Year PFCF Range
Min: 9.88   Max: 555
Current: 15.7

9.88
555
EV-to-EBIT 16.1
GLW's EV-to-EBIT is ranked lower than
72150% of the 1386 Companies
in the Global Electronic Components industry.

( Industry Median: 14.30 vs. GLW: 16.1 )
GLW' s 10-Year EV-to-EBIT Range
Min: 5.9   Max: 150.1
Current: 16.1

5.9
150.1
PEG 1.3
GLW's PEG is ranked lower than
280899% of the 356 Companies
in the Global Electronic Components industry.

( Industry Median: 1.52 vs. GLW: 1.3 )
GLW' s 10-Year PEG Range
Min: 0.54   Max: 1.3
Current: 1.3

0.54
1.3
Shiller P/E 7.9
GLW's Shiller P/E is ranked lower than
100% of the Companies
in the Global Electronic Components industry.

( Industry Median: vs. GLW: 7.9 )
GLW' s 10-Year Shiller P/E Range
Min: 5.45   Max: 1368
Current: 7.9

5.45
1368

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.10
GLW's Dividend Yield is ranked lower than
92593% of the 1080 Companies
in the Global Electronic Components industry.

( Industry Median: 2.20 vs. GLW: 2.10 )
GLW' s 10-Year Dividend Yield Range
Min: 0.19   Max: 2.75
Current: 2.1

0.19
2.75
Dividend Payout 0.282
GLW's Dividend Payout is ranked lower than
131579% of the 760 Companies
in the Global Electronic Components industry.

( Industry Median: 0.50 vs. GLW: 0.282 )
GLW' s 10-Year Dividend Payout Range
Min: 0.06   Max: 0.5
Current: 0.28

0.06
0.5
Dividend growth (3y) 12
GLW's Dividend growth (3y) is ranked lower than
719424% of the 139 Companies
in the Global Electronic Components industry.

( Industry Median: 13.90 vs. GLW: 12 )
GLW' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 18.9
Current: 12

0
18.9
Yield on cost (5-Year) 3.51
GLW's Yield on cost (5-Year) is ranked lower than
92336% of the 1083 Companies
in the Global Electronic Components industry.

( Industry Median: 2.25 vs. GLW: 3.51 )
GLW' s 10-Year Yield on cost (5-Year) Range
Min: 0.32   Max: 4.59
Current: 3.51

0.32
4.59
Share Buyback Rate 1
GLW's Share Buyback Rate is ranked lower than
624999% of the 160 Companies
in the Global Electronic Components industry.

( Industry Median: 0.80 vs. GLW: 1 )
GLW' s 10-Year Share Buyback Rate Range
Min: 1   Max: -10.6
Current: 1

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 15.4
GLW's Price/Net Current Asset Value is ranked lower than
58685% of the 1704 Companies
in the Global Electronic Components industry.

( Industry Median: 7.00 vs. GLW: 15.4 )
GLW' s 10-Year Price/Net Current Asset Value Range
Min: 3.8   Max: 40.1
Current: 15.4

3.8
40.1
Price/Tangible Book 1.2
GLW's Price/Tangible Book is ranked lower than
55066% of the 1816 Companies
in the Global Electronic Components industry.

( Industry Median: 1.30 vs. GLW: 1.2 )
GLW' s 10-Year Price/Tangible Book Range
Min: 1   Max: 14
Current: 1.2

1
14
Price/DCF (Projected) 0.8
GLW's Price/DCF (Projected) is ranked lower than
253807% of the 394 Companies
in the Global Electronic Components industry.

( Industry Median: 1.20 vs. GLW: 0.8 )
GLW' s 10-Year Price/DCF (Projected) Range
Min: 0.6   Max: 17.3
Current: 0.8

0.6
17.3
Price/Median PS Value 0.7
GLW's Price/Median PS Value is ranked lower than
56022% of the 1785 Companies
in the Global Electronic Components industry.

( Industry Median: 1.10 vs. GLW: 0.7 )
GLW' s 10-Year Price/Median PS Value Range
Min: 0.2   Max: 1.5
Current: 0.7

0.2
1.5
Price/Peter Lynch Fair Value 1.1
GLW's Price/Peter Lynch Fair Value is ranked lower than
552486% of the 181 Companies
in the Global Electronic Components industry.

( Industry Median: 1.10 vs. GLW: 1.1 )
GLW' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.3   Max: 1.9
Current: 1.1

0.3
1.9
Price/Graham Number 0.9
GLW's Price/Graham Number is ranked lower than
75643% of the 1322 Companies
in the Global Electronic Components industry.

( Industry Median: 1.10 vs. GLW: 0.9 )
GLW' s 10-Year Price/Graham Number Range
Min: 0.4   Max: 8.4
Current: 0.9

0.4
8.4
Earnings Yield (Greenblatt) 6.20
GLW's Earnings Yield (Greenblatt) is ranked lower than
69204% of the 1445 Companies
in the Global Electronic Components industry.

( Industry Median: 6.80 vs. GLW: 6.20 )
GLW' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.7   Max: 16.9
Current: 6.2

0.7
16.9
Forward Rate of Return (Yacktman) 15.83
GLW's Forward Rate of Return (Yacktman) is ranked lower than
248756% of the 402 Companies
in the Global Electronic Components industry.

( Industry Median: 10.63 vs. GLW: 15.83 )
GLW' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -1.3   Max: 17.9
Current: 15.83

-1.3
17.9

Business Description

Corning Incorporated 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, Eagle2000, EagleXG, Epic, Evolant, HPFS, Lanscape, Pyrex, ClearCurve, SMF-28e, Gorilla, and Jade. 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.
Company Website
SEC Reports
Industry: Electronic Components
Compare:HTHIY, MIELY, APH, TEL, CBE
Traded in other countries:GLW.Germany

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