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Corning Inc
NYSE:GLW

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Corning Inc Logo
Corning Inc
NYSE:GLW
Watchlist
Price: 33.13 USD -0.45% Market Closed
Updated: Dec 8, 2022

Intrinsic Value

The intrinsic value of one GLW stock under the Base Case scenario is 39.9 USD. Compared to the current market price of 33.13 USD, Corning Inc is Undervalued by 17%.

The Intrinsic Value is calculated as the average of the two valuation methods:

GLW Intrinsic Value
Base Case
39.9 USD
Undervaluation 17%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Fundamental Analysis

GLW Profitability Score
Profitability Due Diligence

Corning Inc's profitability score is 53/100. The higher the profitability score, the more profitable the company is.

Low 3-Year Average ROIC
Positive ROIC
Positive Net Income
Positive 3-Year Average ROE
53/100
Profitability
Score

Corning Inc's profitability score is 53/100. The higher the profitability score, the more profitable the company is.

GLW Solvency Score
Solvency Due Diligence

Corning Inc's solvency score is 47/100. The higher the solvency score, the more solvent the company is.

Average Interest Coverage
Positive Net Debt
Average Altman Z-Score
Short-Term Liabilities
47/100
Solvency
Score

Corning Inc's solvency score is 47/100. The higher the solvency score, the more solvent the company is.

Financials
Efficiency
34%
Gross Margin
13%
Operating Margin
13%
Net Margin
8%
FCF Margin
16%
ROE
6%
ROIC
Other

GLW Capital Structure
Corning Inc

Market Capitalization 27.3B USD
Total Debt 6.5B USD
Minority Interest 264M USD
Preferred Equity 0 USD
Cash and Equivalents 1.6B USD
Short-Term Investments 0 USD
Enterprise Value 32.4B USD

Wall St
Price Targets

GLW Price Targets Summary
Corning Inc

Wall Street analysts forecast GLW stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for GLW is 38.31 USD with a low forecast of 32.32 USD and a high forecast of 46.2 USD.

Lowest
Price Target
32.32 USD
2% Downside
Average
Price Target
38.31 USD
16% Upside
Highest
Price Target
46.2 USD
39% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

GLW Competitors
Corning Inc

GLW Suppliers & Customers
Corning Inc

Corning Inc has 24 key suppliers from 6 countries and 11 industries. The majority of these suppliers are located in the United States of America, with the largest number of suppliers in the Electrical Equipment industry.

Corning Inc has 10 key customers from 5 countries and 7 industries. The majority of these customers are located in the United States of America, with the largest number of customers in the Electrical Equipment industry.

Ownership

GLW Insider Trading
Buy and sell transactions by insiders

Corning Inc insiders have sold more shares than they have bought in the past 12 months.

During the last 12 months Corning Inc insiders bought 4k USD , and sold 11.2M USD worth of shares. The last transaction was made on Dec 8, 2022 by Steverson Lewis A (EVP and CLAO), who sold 1.5M USD worth of GLW shares.

Sold
0-3
months
0 USD
0
3-6
months
1.7M USD
2
6-9
months
1M USD
3
9-12
months
8.5M USD
4
Bought
0-3
months
No Insider Transactions
0
0 USD
3-6
months
0
0 USD
6-9
months
0
0 USD
9-12
months
1
4k USD
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
N/A
N/A
N/A
6 Months
1.7M USD
N/A
-1.7M
9 Months
2.7M USD
N/A
-2.7M
12 Months
11.2M USD
4k USD
-11.2M
Purchases
26
Sales
441
Why is insider trading important?

Shareholder Return

GLW Price
Corning Inc

1M 1M
+0%
6M 6M
-7%
1Y 1Y
-12%
3Y 3Y
+26%
5Y 5Y
+16%
Annual Price Range
33.13
52w Low
29.02
52w High
42
Price Metrics
Average Annual Return 4.46%
Standard Deviation of Annual Returns 11.14%
Max Drawdown -49%
Shares Statistics
Market Capitalization 27.3B USD
Shares Outstanding 845 318 000
Percentage of Shares Shorted 1.39%

Company Profile

Corning Inc

Country

United States of America

Industry

Electrical Equipment

Market Cap

27.3B USD

Dividend Yield

3.18%

Description

Corning, Inc. develops and manufactures specialty glass and ceramics. The company is headquartered in Corning, New York and currently employs 61,200 full-time employees. The firm operates through five segments: Display Technologies, Optical Communications, Specialty Materials, Environmental Technologies and Life Sciences. The Display Technologies segment manufactures glass substrates for flat panel liquid crystal displays and other high-performance display panels. The Optical Communications segment manufactures carrier network and enterprise network components for the telecommunications industry. The Specialty Materials segment manufactures products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals. The Environmental Technologies segment manufactures ceramic substrates and filters for automotive and diesel applications. The Life Sciences segment manufactures glass and plastic labware, equipment, media, serum and reagents enabling workflow solutions for drug discovery and bioproduction.

Contact

NEW YORK
Corning
1 Riverfront Plz
+16079749000.0
https://www.corning.com/

IPO

1945-05-21

Employees

61 200

Officers

Chairman & CEO
Mr. Wendell P. Weeks
Pres & COO
Mr. Eric S. Musser
Exec. VP and Chief Legal & Admin. Officer
Mr. Lewis A. Steverson
First Vice Chairman & Corp. Devel. Officer
Mr. Lawrence D. McRae
Exec. VP & CFO
Mr. Edward A. Schlesinger
Sr. VP of Fin., Corp. Controller & Principal Accounting Officer
Mr. Stefan Becker
Show More
Sr. VP & CTO
Dr. Jaymin Amin
Sr. VP and Chief Digital & Information Officer
Ms. Anne Elizabeth Mullins
VP of Investor Relations
Ms. Ann H. S. Nicholson
VP of Global Employee Relations & Chief Compliance Officer
Kevin G. Corliss
Show Less

See Also

Similar Stocks
What is the Intrinsic Value of one GLW stock?

The intrinsic value of one GLW stock under the Base Case scenario is 39.9 USD.

Is GLW stock undervalued or overvalued?

Compared to the current market price of 33.13 USD, Corning Inc is Undervalued by 17%.