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Corning Inc
NYSE:GLW

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Corning Inc Logo
Corning Inc
NYSE:GLW
Watchlist
Price: 31.16 USD -1.17% Market Closed
Updated: May 31, 2023

Intrinsic Value

Corning, Inc. develops and manufactures specialty glass and ceramics. [ Read More ]

The intrinsic value of one GLW stock under the Base Case scenario is 40.48 USD. Compared to the current market price of 31.16 USD, Corning Inc is Undervalued by 23%.

Key Points:
GLW Intrinsic Value
Base Case
40.48 USD
Undervaluation 23%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Fundamental Analysis

Financials

Balance Sheet Decomposition
Corning Inc

Current Assets 6.9B
Cash & Short-Term Investments 1.1B
Receivables 1.7B
Other Current Assets 4B
Non-Current Assets 21.9B
PP&E 15.1B
Intangibles 3.4B
Other Non-Current Assets 3.4B
Current Liabilities 4.8B
Accounts Payable 1.7B
Accrued Liabilities 2.9B
Other Current Liabilities 197M
Non-Current Liabilities 12.1B
Long-Term Debt 6.7B
Other Non-Current Liabilities 5.5B
Efficiency
Fundamental Scores

GLW Profitability Score
Profitability Due Diligence

Corning Inc's profitability score is 51/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Free Cash Flow
Positive 3-Years Revenue Growth
ROE is Increasing
51/100
Profitability
Score

Corning Inc's profitability score is 51/100. The higher the profitability score, the more profitable the company is.

GLW Solvency Score
Solvency Due Diligence

Corning Inc's solvency score is 44/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Average Altman Z-Score
44/100
Solvency
Score

Corning Inc's solvency score is 44/100. The higher the solvency score, the more solvent the company is.

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 37.83 USD with a low forecast of 30.3 USD and a high forecast of 44.1 USD.

Lowest
Price Target
30.3 USD
3% Downside
Average
Price Target
37.83 USD
21% Upside
Highest
Price Target
44.1 USD
42% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

GLW Competitors
Corning Inc

GLW Suppliers & Customers
Corning Inc

Suppliers Map
Customers Map

Ownership

GLW Insider Trading
Buy and sell transactions by insiders

Corning Inc insiders have only sold shares in the past 12 months.

During the last 12 months Corning Inc insiders have not bought any shares, and sold 10.5M USD worth of shares. The last transaction was made on May 15, 2023 by Evenson Jeffrey W (Exec. VP & Chief Strategy Off), who sold 637k USD worth of GLW shares.

Sold
0-3
months
3.5M USD
5
3-6
months
5.3M USD
3
6-9
months
0 USD
0
9-12
months
1.8M USD
3
Bought
0-3
months
0
0 USD
3-6
months
0
0 USD
6-9
months
No Insider Transactions
0
0 USD
9-12
months
0
0 USD
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
3.5M USD
N/A
-3.5M
6 Months
8.7M USD
N/A
-8.7M
9 Months
8.7M USD
N/A
-8.7M
12 Months
10.5M USD
N/A
-10.5M
Why is insider trading important?

Shareholder Return

GLW Return Decomposition
Main factors of price return

Price Return Decomposition
is not available

It is impossible to break down the market cap return as the net margin from 5 years ago is negative.

What is price return decomposition?

GLW Price
Corning Inc

1M 1M
-6%
6M 6M
-8%
1Y 1Y
-11%
3Y 3Y
+48%
5Y 5Y
+31%
10Y 10Y
+160%
Annual Price Range
31.16
52w Low
28.55
52w High
36.64
Price Metrics
Average Annual Return 10.88%
Standard Deviation of Annual Returns 7.04%
Max Drawdown -49%
Shares Statistics
Market Capitalization 25.6B USD
Shares Outstanding 847 232 000
Percentage of Shares Shorted 0.73%

Company Profile

Corning Inc Logo
Corning Inc

Country

United States of America

Industry

Electrical Equipment

Market Cap

25.6B USD

Dividend Yield

3.47%

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. Soumya Seetharam
VP of Investor Relations
Ms. Ann H. S. Nicholson
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 40.48 USD.

Is GLW stock undervalued or overvalued?

Compared to the current market price of 31.16 USD, Corning Inc is Undervalued by 23%.