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Corning XTRA:GLW Stock Report

Last Price

€49.35

Market Cap

€40.8b

7D

-4.1%

1Y

66.2%

Updated

02 Feb, 2025

Data

Company Financials +

Corning Incorporated

XTRA:GLW Stock Report

Market Cap: €40.8b

GLW Stock Overview

Engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. More details

GLW fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance1/6
Financial Health3/6
Dividends3/6

Rewards

Trading at 14% below our estimate of its fair value

Earnings are forecast to grow 24.03% per year

Risk Analysis

Dividend of 2.15% is not well covered by earnings or free cash flows

Significant insider selling over the past 3 months

Large one-off items impacting financial results

Has a high level of debt


My Notes

Capture your thoughts, links and company narrative

Corning Incorporated Competitors

Murata Manufacturing

TSE:6981

JP¥4.6t

Delta Electronics

TWSE:2308

NT$1.1t

Luxshare Precision Industry

SZSE:002475

CN¥290.9b

BOE Technology Group

SZSE:000725

CN¥164.4b

Price History & Performance

Summary of share price highs, lows and changes for Corning
Historical stock prices
Current Share PriceUS$49.35
52 Week HighUS$52.40
52 Week LowUS$28.83
Beta1.03
1 Month Change7.76%
3 Month Change13.55%
1 Year Change66.16%
3 Year Change33.99%
5 Year Change94.48%
Change since IPO-58.23%

Recent News & Updates

Recent updates

Shareholder Returns

GLWDE ElectronicDE Market
7D-4.1%1.3%1.9%
1Y66.2%-24.2%15.1%

Return vs Industry: GLW exceeded the German Electronic industry which returned -24.1% over the past year.

Return vs Market: GLW exceeded the German Market which returned 15.1% over the past year.

Price Volatility

Is GLW's price volatile compared to industry and market?
GLW volatility
GLW Average Weekly Movement4.0%
Electronic Industry Average Movement5.5%
Market Average Movement4.8%
10% most volatile stocks in DE Market11.3%
10% least volatile stocks in DE Market2.4%

Stable Share Price: GLW has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: GLW's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
185149,800Wendell Weekswww.corning.com

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company’s Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals.

Corning Incorporated Fundamentals Summary

How do Corning's earnings and revenue compare to its market cap?
GLW fundamental statistics
Market cap€40.85b
Earnings (TTM)€488.14m
Revenue (TTM)€12.65b

83.7x

P/E Ratio

3.2x

P/S Ratio

Is GLW overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GLW income statement (TTM)
RevenueUS$13.12b
Cost of RevenueUS$8.63b
Gross ProfitUS$4.49b
Other ExpensesUS$3.98b
EarningsUS$506.00m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.62
Gross Margin34.20%
Net Profit Margin3.86%
Debt/Equity Ratio65.1%

How did GLW perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

189%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/02 04:37
End of Day Share Price 2025/01/31 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Corning Incorporated is covered by 44 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James KelleherArgus Research Company
Ishan MajumdarBaptista Research
Amir RozwadowskiBarclays