Corning Inc

$ 29.82 0.19 (0.64%)
Volume: 504,611 Avg Vol (1m): 4,238,976
Market Cap $: 23.25 Bil Enterprise Value $: 30.22 Bil
P/E (TTM): 12.77 P/B: 2.38
Earnings Power Value 1.54
Net Current Asset Value -10.64
Tangible Book 8.93
Projected FCF 33.35
Median P/S Value 37.88
Graham Number 21.6
Peter Lynch Value 17.31
DCF (FCF Based) 4.36
DCF (Earnings Based) 24.83
1Y (-%)

Financial Strength : 6/10

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.
Current vs industry vs history
Cash-to-Debt 0.24
Cash-To-Debt ranked lower than
75.66% of 2317 companies
in the Electronic Components industry.
Industry Max: 395734.25, Med: 1.26, Min: -0.33
GLW: 0.24
Ranked among companies with meaningful Cash-To-Debt only.
Cash-To-Debt range over the past 10 years
Min: 0.03, Med: 0.52, Max: 2.8
Current: 0.24
0.03
2.8
Equity-to-Asset 0.50
Equity-to-Asset ranked lower than
58.50% of 2282 companies
in the Electronic Components industry.
Industry Max: 0.99, Med: 0.55, Min: -23.03
GLW: 0.5
Ranked among companies with meaningful Equity-to-Asset only.
Equity-to-Asset range over the past 10 years
Min: 0.23, Med: 0.53, Max: 0.77
Current: 0.5
0.23
0.77
Debt-to-Equity 0.44
Debt-to-Equity ranked lower than
55.52% of 1765 companies
in the Electronic Components industry.
Industry Max: 52, Med: 0.36, Min: 0.01
GLW: 0.44
Ranked among companies with meaningful Debt-to-Equity only.
Debt-to-Equity range over the past 10 years
Min: 0.11, Med: 0.38, Max: 1.28
Current: 0.44
0.11
1.28
Debt-to-EBITDA 1.49
Debt-to-EBITDA ranked lower than
50.28% of 1627 companies
in the Electronic Components industry.
Industry Max: 8396.27, Med: 1.99, Min: 0.01
GLW: 1.49
Ranked among companies with meaningful Debt-to-EBITDA only.
Debt-to-EBITDA range over the past 10 years
Min: 0.48, Med: 0.84, Max: 2.01
Current: 1.49
0.48
2.01
Interest Coverage 9.43
Interest Coverage ranked lower than
66.67% of 1836 companies
in the Electronic Components industry.
Industry Max: 42131692, Med: 18.76, Min: 0.09
GLW: 9.43
Ranked among companies with meaningful Interest Coverage only.
Interest Coverage range over the past 10 years
Min: 7.79, Med: 11.26, Max: 23.42
Current: 9.43
7.79
23.42
Piotroski F-Score 6
0
1
2
3
4
5
6
7
8
9
Altman Z-Score 2.77
DISTRESS
GREY
SAFE
Beneish M-Score -2.53
Not Manipulator
Manipulator
WACC vs ROIC %
ROIC 8.76%
WACC 7.47%

Profitability & Growth : 8/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Operating Margin % 15.52
Operating Margin ranked higher than
84.91% of 2300 companies
in the Electronic Components industry.
Industry Max: 108500, Med: 4.64, Min: -409420
GLW: 15.52
Ranked among companies with meaningful Operating Margin only.
Operating Margin range over the past 10 years
Min: 11.84, Med: 16.79, Max: 26.41
Current: 15.52
11.84
26.41
Net Margin % 18.57
Net Margin ranked higher than
78.90% of 2299 companies
in the Electronic Components industry.
Industry Max: 90164.29, Med: 3.48, Min: -416260
GLW: 18.57
Ranked among companies with meaningful Net Margin only.
Net Margin range over the past 10 years
Min: -4.91, Med: 25.27, Max: 53.65
Current: 18.57
-4.91
53.65
ROE % 14.78
ROE ranked higher than
50.75% of 2278 companies
in the Electronic Components industry.
Industry Max: 1227.84, Med: 6.72, Min: -5002.35
GLW: 14.78
Ranked among companies with meaningful ROE only.
ROE range over the past 10 years
Min: -3.54, Med: 10.17, Max: 20.38
Current: 14.78
-3.54
20.38
ROA % 8.03
ROA ranked higher than
54.44% of 2329 companies
in the Electronic Components industry.
Industry Max: 456.48, Med: 3.43, Min: -9683.72
GLW: 8.03
Ranked among companies with meaningful ROA only.
ROA range over the past 10 years
Min: -1.79, Med: 7.62, Max: 15.1
Current: 8.03
-1.79
15.1
ROC (Joel Greenblatt) % 16.76
ROC (Joel Greenblatt) ranked lower than
55.12% of 2326 companies
in the Electronic Components industry.
Industry Max: 422087.5, Med: 12.21, Min: -439759.26
GLW: 16.76
Ranked among companies with meaningful ROC (Joel Greenblatt) only.
ROC (Joel Greenblatt) range over the past 10 years
Min: 10.6, Med: 22.89, Max: 43.96
Current: 16.76
10.6
43.96
3-Year Total Revenue Growth Rate 7.40
3-Year Revenue Growth Rate ranked higher than
88.02% of 2196 companies
in the Electronic Components industry.
Industry Max: 790.1, Med: 2.8, Min: -100
GLW: 20.9
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
3-Year Revenue Growth Rate range over the past 10 years
Min: -24.6, Med: 7.6, Max: 20.9
Current: 20.9
-24.6
20.9
3-Year Total EBITDA Growth Rate 2.10
3-Year EBITDA Growth Rate ranked higher than
68.95% of 1871 companies
in the Electronic Components industry.
Industry Max: 662.6, Med: 5.1, Min: -549.3
GLW: 14.9
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
3-Year EBITDA Growth Rate range over the past 10 years
Min: 0, Med: 0.7, Max: 231.3
Current: 14.9
0
231.3
3-Year EPS w/o NRI Growth Rate 4.20
3-Year EPS w/o NRI Growth Rate ranked lower than
53.62% of 1725 companies
in the Electronic Components industry.
Industry Max: 852.9, Med: 6.6, Min: -393.2
GLW: 4.2
Ranked among companies with meaningful 3-Year EPS w/o NRI Growth Rate only.
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: 0, Med: -15.9, Max: 106
Current: 4.2
0
106

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Financials (Next Earnings Date: 2019-07-25)

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Business Description

Industry Computer Hardware » Electronic Components    NAICS : 334419    SIC : 3679
Compare SZSE:300750 NYSE:APH TSE:6503 NYSE:TEL TPE:3008 SZSE:200725 TSE:6981 SZSE:002475 HKSE:02382 TPE:2317 TPE:2308 XKRX:006405 TSE:6645 TSE:6762 TSE:6506 TSE:6479 SZSE:002841 SHSE:600516 XKRX:009150 NYSE:HUBB
Traded in other countries 0R2X.UK
Address One Riverfront Plaza, Corning, NY, USA, 14831
Corning Inc is the leading supplier of advanced glass substrates used in LCDs, fiber-optic cabling, and a variety of other materials science products. Corning operates in five segments: display technologies, optical communications, environmental technologies, specialty materials, and life sciences. Although headquartered in New York, the company's operations and geographic reach span across the globe, with the majority of Corning's revenue generated from the Asia-Pacific region.

Ratios

Current vs industry vs history
PE Ratio (TTM) 12.77
PE Ratio ranked lower than
77.62% of 1711 companies
in the Electronic Components industry.
Industry Max: 3250, Med: 16.75, Min: 0.02
GLW: 12.77
Ranked among companies with meaningful PE Ratio only.
PE Ratio range over the past 10 years
Min: 2.24, Med: 11.19, Max: 65.59
Current: 12.77
2.24
65.59
Forward PE Ratio 14.88
Forward P/E ranked lower than
60.62% of 259 companies
in the Electronic Components industry.
Industry Max: 2000, Med: 14.71, Min: 4.21
GLW: 14.88
Ranked among companies with meaningful Forward P/E only.
N/A
PE Ratio without NRI 12.77
PE without NRI ranked lower than
77.57% of 1690 companies
in the Electronic Components industry.
Industry Max: 3250, Med: 16.78, Min: 0.09
GLW: 12.77
Ranked among companies with meaningful PE without NRI only.
PE without NRI range over the past 10 years
Min: 2.24, Med: 11.19, Max: 65.59
Current: 12.77
2.24
65.59
Price-to-Owner-Earnings 16.89
Price-to-Owner-Earnings ranked lower than
66.67% of 1041 companies
in the Electronic Components industry.
Industry Max: 445473.98, Med: 22.3, Min: 0.21
GLW: 16.89
Ranked among companies with meaningful Price-to-Owner-Earnings only.
Price-to-Owner-Earnings range over the past 10 years
Min: 4.52, Med: 12.37, Max: 999.52
Current: 16.89
4.52
999.52
PB Ratio 2.38
PB Ratio ranked lower than
70.25% of 2309 companies
in the Electronic Components industry.
Industry Max: 223290.54, Med: 1.47, Min: 0.02
GLW: 2.38
Ranked among companies with meaningful PB Ratio only.
PB Ratio range over the past 10 years
Min: 0.74, Med: 1.44, Max: 3.16
Current: 2.38
0.74
3.16
PS Ratio 2.36
PS Ratio ranked lower than
80.85% of 2318 companies
in the Electronic Components industry.
Industry Max: 14063.96, Med: 0.98, Min: 0.01
GLW: 2.36
Ranked among companies with meaningful PS Ratio only.
PS Ratio range over the past 10 years
Min: 1.97, Med: 3.02, Max: 6.79
Current: 2.36
1.97
6.79
Price-to-Free-Cash-Flow 72.80
Price-to-Free-Cash-Flow ranked lower than
77.74% of 930 companies
in the Electronic Components industry.
Industry Max: 522414.18, Med: 20.39, Min: 0.17
GLW: 72.8
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
Price-to-Free-Cash-Flow range over the past 10 years
Min: 6.46, Med: 18.54, Max: 906.97
Current: 72.8
6.46
906.97
Price-to-Operating-Cash-Flow 10.72
Price-to-Operating-Cash-Flow ranked higher than
60.81% of 1350 companies
in the Electronic Components industry.
Industry Max: 197884.61, Med: 14.25, Min: 0.06
GLW: 10.72
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 4.75, Med: 9.27, Max: 18.24
Current: 10.72
4.75
18.24
EV-to-EBIT 11.05
EV-to-EBIT ranked lower than
69.48% of 1789 companies
in the Electronic Components industry.
Industry Max: 20815.39, Med: 12.83, Min: 0.03
GLW: 11.05
Ranked among companies with meaningful EV-to-EBIT only.
EV-to-EBIT range over the past 10 years
Min: 3.3, Med: 8.9, Max: 56
Current: 11.05
3.3
56
EV-to-EBITDA 7.48
EV-to-EBITDA ranked lower than
53.93% of 1910 companies
in the Electronic Components industry.
Industry Max: 20815.39, Med: 10.14, Min: 0.03
GLW: 7.48
Ranked among companies with meaningful EV-to-EBITDA only.
EV-to-EBITDA range over the past 10 years
Min: 2.8, Med: 6.7, Max: 15.9
Current: 7.48
2.8
15.9
EV-to-Revenue 2.60
EV-to-Revenue ranked lower than
80.75% of 2307 companies
in the Electronic Components industry.
Industry Max: 25302, Med: 0.99, Min: 0.02
GLW: 2.6
Ranked among companies with meaningful EV-to-Revenue only.
EV-to-Revenue range over the past 10 years
Min: 1.7, Med: 3.1, Max: 6.5
Current: 2.6
1.7
6.5
PEG Ratio 2.25
PEG Ratio ranked lower than
74.14% of 874 companies
in the Electronic Components industry.
Industry Max: 235.29, Med: 1.4, Min: 0.04
GLW: 2.25
Ranked among companies with meaningful PEG Ratio only.
PEG Ratio range over the past 10 years
Min: 0.06, Med: 1.05, Max: 146.67
Current: 2.25
0.06
146.67
Shiller PE Ratio 18.49
Shiller PE Ratio ranked higher than
50.51% of 681 companies
in the Electronic Components industry.
Industry Max: 2315.72, Med: 22.91, Min: 0.13
GLW: 18.49
Ranked among companies with meaningful Shiller PE Ratio only.
Shiller PE Ratio range over the past 10 years
Min: 9.52, Med: 13.9, Max: 31.2
Current: 18.49
9.52
31.2
Current Ratio 2.08
Current Ratio ranked higher than
58.16% of 2256 companies
in the Electronic Components industry.
Industry Max: 218.8, Med: 1.89, Min: 0.01
GLW: 2.08
Ranked among companies with meaningful Current Ratio only.
Current Ratio range over the past 10 years
Min: 1.15, Med: 2.08, Max: 5.78
Current: 2.08
1.15
5.78
Quick Ratio 1.36
Quick Ratio ranked higher than
55.63% of 2256 companies
in the Electronic Components industry.
Industry Max: 218.8, Med: 1.39, Min: 0.01
GLW: 1.36
Ranked among companies with meaningful Quick Ratio only.
Quick Ratio range over the past 10 years
Min: 0.75, Med: 1.64, Max: 4.98
Current: 1.36
0.75
4.98
Days Inventory 103.06
Days Inventory ranked lower than
66.16% of 2249 companies
in the Electronic Components industry.
Industry Max: 938.15, Med: 77.36, Min: 0.22
GLW: 103.06
Ranked among companies with meaningful Days Inventory only.
Days Inventory range over the past 10 years
Min: 67.08, Med: 87.02, Max: 103.06
Current: 103.06
67.08
103.06
Days Sales Outstanding 62.10
Days Sales Outstanding ranked higher than
68.33% of 2261 companies
in the Electronic Components industry.
Industry Max: 886.46, Med: 79.6, Min: 0.01
GLW: 62.1
Ranked among companies with meaningful Days Sales Outstanding only.
Days Sales Outstanding range over the past 10 years
Min: 50.05, Med: 56.98, Max: 65.2
Current: 62.1
50.05
65.2
Days Payable 66.67
Days Payable ranked higher than
61.33% of 2219 companies
in the Electronic Components industry.
Industry Max: 986.04, Med: 65.83, Min: -140.71
GLW: 66.67
Ranked among companies with meaningful Days Payable only.
Days Payable range over the past 10 years
Min: 60.59, Med: 67.13, Max: 86.16
Current: 66.67
60.59
86.16

Dividend & Buy Back

Current vs industry vs history
Dividend Yield % 2.50
Trailing Dividend Yield ranked lower than
52.77% of 1880 companies
in the Electronic Components industry.
Industry Max: 94.27, Med: 1.09, Min: 0.02
GLW: 2.5
Ranked among companies with meaningful Trailing Dividend Yield only.
Trailing Dividend Yield range over the past 10 years
Min: 0.73, Med: 1.99, Max: 2.85
Current: 2.5
0.73
2.85
Dividend Payout Ratio 0.31
Dividend Payout Ratio ranked lower than
74.16% of 1374 companies
in the Electronic Components industry.
Industry Max: 29.59, Med: 0.36, Min: 0.01
GLW: 0.31
Ranked among companies with meaningful Dividend Payout Ratio only.
Dividend Payout Ratio range over the past 10 years
Min: 0.09, Med: 0.23, Max: 0.64
Current: 0.31
0.09
0.64
3-Year Dividend Growth Rate (Per Share) 14.50
3-Year Dividend Growth Rate ranked higher than
66.92% of 1052 companies
in the Electronic Components industry.
Industry Max: 192.4, Med: 6.3, Min: -100
GLW: 14.5
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
3-Year Dividend Growth Rate range over the past 10 years
Min: 0, Med: 4, Max: 26
Current: 14.5
0
26
Forward Dividend Yield % 2.70
Forward Dividend Yield ranked lower than
54.21% of 1815 companies
in the Electronic Components industry.
Industry Max: 30.48, Med: 2.65, Min: 0.02
GLW: 2.7
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield-on-Cost (5-Year) % 4.71
Yield-on-Cost (5y) ranked higher than
65.06% of 1852 companies
in the Electronic Components industry.
Industry Max: 329.08, Med: 2.89, Min: 0.01
GLW: 4.71
Ranked among companies with meaningful Yield-on-Cost (5y) only.
Yield-on-Cost (5y) range over the past 10 years
Min: 1.39, Med: 3.78, Max: 5.42
Current: 4.71
1.39
5.42
3-Year Share Buyback Rate 11.30
3-Year Share Buyback Rate ranked higher than
98.56% of 1532 companies
in the Electronic Components industry.
Industry Max: 72.5, Med: -3, Min: -2936.6
GLW: 11.3
Ranked among companies with meaningful 3-Year Share Buyback Rate only.
3-Year Share Buyback Rate range over the past 10 years
Min: -17.6, Med: -1, Max: 12.9
Current: 11.3
-17.6
12.9

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 3.32
Price-to-Tangible-Book ranked lower than
74.66% of 2285 companies
in the Electronic Components industry.
Industry Max: 366244.02, Med: 1.69, Min: 0.02
GLW: 3.32
Ranked among companies with meaningful Price-to-Tangible-Book only.
Price-to-Tangible-Book range over the past 10 years
Min: 0.69, Med: 2.95, Max: 20.52
Current: 3.32
0.69
20.52
Price-to-Projected-FCF 0.89
Price-to-Intrinsic-Value-Projected-FCF ranked higher than
62.45% of 1353 companies
in the Electronic Components industry.
Industry Max: 139198.2, Med: 1.27, Min: 0.05
GLW: 0.89
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 0.53, Med: 2.5, Max: 45.22
Current: 0.89
0.53
45.22
Price-to-DCF (Earnings Based) 1.19
Price-to-Intrinsic-Value-DCF (Earnings Based) ranked lower than
100.00% of 156 companies
in the Electronic Components industry.
Industry Max: 16.97, Med: 1.16, Min: 0.16
GLW: 1.19
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
Price-to-Intrinsic-Value-DCF (Earnings Based) range over the past 10 years
Min: 0.69, Med: 1.23, Max: 2.69
Current: 1.19
0.69
2.69
Price-to-Median-PS-Value 0.78
Price-to-Median-PS-Value ranked higher than
50.52% of 2112 companies
in the Electronic Components industry.
Industry Max: 502.67, Med: 0.94, Min: 0.02
GLW: 0.78
Ranked among companies with meaningful Price-to-Median-PS-Value only.
Price-to-Median-PS-Value range over the past 10 years
Min: 0.15, Med: 0.95, Max: 8.77
Current: 0.78
0.15
8.77
Price-to-Peter-Lynch-Fair-Value 1.71
Price-to-Peter-Lynch-Fair-Value ranked lower than
95.83% of 551 companies
in the Electronic Components industry.
Industry Max: 95, Med: 1.05, Min: 0
GLW: 1.71
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
Price-to-Peter-Lynch-Fair-Value range over the past 10 years
Min: 0.2, Med: 1.52, Max: 32.67
Current: 1.71
0.2
32.67
Price-to-Graham-Number 1.37
Price-to-Graham-Number ranked lower than
75.65% of 1626 companies
in the Electronic Components industry.
Industry Max: 61.11, Med: 1.17, Min: 0.01
GLW: 1.37
Ranked among companies with meaningful Price-to-Graham-Number only.
Price-to-Graham-Number range over the past 10 years
Min: 0.38, Med: 2.05, Max: 17.2
Current: 1.37
0.38
17.2
Earnings Yield (Joel Greenblatt) % 9.05
Earnings Yield (Greenblatt) ranked lower than
52.10% of 2382 companies
in the Electronic Components industry.
Industry Max: 3214.8, Med: 5.45, Min: -833.33
GLW: 9.05
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
Earnings Yield (Greenblatt) range over the past 10 years
Min: 1.8, Med: 11.3, Max: 29.9
Current: 9.05
1.8
29.9
Forward Rate of Return (Yacktman) % 10.95
Forward Rate of Return ranked higher than
56.66% of 1382 companies
in the Electronic Components industry.
Industry Max: 11086.85, Med: 7.08, Min: -3149.58
GLW: 10.95
Ranked among companies with meaningful Forward Rate of Return only.
Forward Rate of Return range over the past 10 years
Min: 0.9, Med: 12, Max: 26.3
Current: 10.95
0.9
26.3

More Statistics

Revenue (TTM) (Mil) $ 11,602
EPS (TTM) $ 2.32
Beta 1.11
Volatility % 27.95
52-Week Range $ 26.23 - 36.56
Shares Outstanding (Mil) 784.75

Analyst Estimate

Piotroski F-Score Details

Piotroski F-Score 6
Positive ROA Y
Positive CFROA Y
Higher ROA yoy Y
CFROA > ROA Y
Lower Leverage yoy N
Higher Current Ratio yoy N
Less Shares Outstanding yoy N
Higher Gross Margin yoy Y
Higher Asset Turnover yoy Y