Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide.
Established dividend payer with mediocre balance sheet.
Share Price & News
How has Corning's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GLW has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: GLW underperformed the German Electronic industry which returned 9.5% over the past year.
Return vs Market: GLW underperformed the German Market which returned 17.1% over the past year.
Price Volatility Vs. Market
How volatile is Corning's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Corning undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GLW (€27.09) is trading above our estimate of fair value (€19.85)
Significantly Below Fair Value: GLW is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GLW is good value based on its PE Ratio (21.2x) compared to the Electronic industry average (27.1x).
PE vs Market: GLW is poor value based on its PE Ratio (21.2x) compared to the German market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: GLW is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: GLW is overvalued based on its PB Ratio (2.2x) compared to the DE Electronic industry average (1.8x).
How is Corning forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GLW's forecast earnings growth (10.9% per year) is above the savings rate (-0.4%).
Earnings vs Market: GLW's earnings (10.9% per year) are forecast to grow slower than the German market (13.2% per year).
High Growth Earnings: GLW's earnings are forecast to grow, but not significantly.
Revenue vs Market: GLW's revenue (4.3% per year) is forecast to grow slower than the German market (4.8% per year).
High Growth Revenue: GLW's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GLW's Return on Equity is forecast to be low in 3 years time (14.7%).
How has Corning performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GLW has high quality earnings.
Growing Profit Margin: GLW became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: GLW's earnings have declined by -21.2% per year over the past 5 years.
Accelerating Growth: GLW has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GLW has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (3.1%).
Return on Equity
High ROE: GLW's Return on Equity (9.3%) is considered low.
Return on Assets
Return on Capital Employed
How is Corning's financial position?
Financial Position Analysis
Short Term Liabilities: GLW's short term assets ($6.2B) exceed its short term liabilities ($3.6B).
Long Term Liabilities: GLW's short term assets ($6.2B) do not cover its long term liabilities ($10.6B).
Debt to Equity History and Analysis
Debt Level: GLW's debt to equity ratio (47.6%) is considered high.
Reducing Debt: GLW's debt to equity ratio has increased from 16.9% to 47.6% over the past 5 years.
Debt Coverage: GLW's debt is well covered by operating cash flow (31.2%).
Interest Coverage: GLW's interest payments on its debt are well covered by EBIT (7.8x coverage).
Inventory Level: GLW has a high level of physical assets or inventory.
Debt Coverage by Assets: GLW's debt is not covered by short term assets (assets are 1x debt).
What is Corning's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GLW's dividend (2.63%) is higher than the bottom 25% of dividend payers in the German market (1.38%).
High Dividend: GLW's dividend (2.63%) is low compared to the top 25% of dividend payers in the German market (3.53%).
Stability and Growth of Payments
Stable Dividend: GLW's dividends per share have been stable in the past 10 years.
Growing Dividend: GLW's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.4%), GLW's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GLW's dividends in 3 years are forecast to be well covered by earnings (46.3% payout ratio).
What is the CEO of Corning's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Wendell Weeks (59yo)
Mr. Wendell P. Weeks has been the Chief Executive Officer and President of Corning Incorporated since April 26, 2005 and December 2010 respectively and has been its Chairman since April 26, 2007. Mr. Weeks ...
CEO Compensation Analysis
Compensation vs Market: Wendell's total compensation ($USD14.92M) is above average for companies of similar size in the German market ($USD4.52M).
Compensation vs Earnings: Wendell's compensation has been consistent with company performance over the past year.
Management Age and Tenure
Experienced Management: GLW's management team is considered experienced (4.4 years average tenure).
Board Age and Tenure
Experienced Board: GLW's board of directors are seasoned and experienced ( 11.8 years average tenure).
Insider Buying: GLW insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Wendell Weeks (59yo)
- Tenure: 14.8yrs
- Compensation: US$14.92m
Lawrence McRae (60yo)
Vice Chairman & Corporate Development Officer
- Tenure: 4.4yrs
- Compensation: US$4.51m
James Clappin (62yo)
Executive Vice President of Corning Glass Technologies
- Tenure: 2.3yrs
- Compensation: US$4.50m
R. Tripeny (60yo)
Executive VP & CFO
- Tenure: 4.3yrs
- Compensation: US$4.48m
Lewis Steverson (55yo)
Executive VP & General Counsel
- Tenure: 6.6yrs
- Compensation: US$5.24m
David Morse (67yo)
Executive VP & CTO
- Tenure: 7.7yrs
- Compensation: US$4.55m
Ann H. Nicholson
Division Vice President of Investor Relations
- Tenure: 6.5yrs
Senior VP and Chief Digital & Information Officer
- Tenure: 0.4yrs
Edward Schlesinger (51yo)
- Tenure: 4.1yrs
Senior Vice President of Science & Technology
John Canning (74yo)
- Tenure: 9.6yrs
- Compensation: US$312.49k
Wendell Weeks (59yo)
- Tenure: 14.8yrs
- Compensation: US$14.92m
Hansel Tookes (71yo)
- Tenure: 19yrs
- Compensation: US$321.99k
Dick Clark (73yo)
Lead Independent Director
- Tenure: 6.9yrs
- Compensation: US$349.49k
Kurt Landgraf (72yo)
- Tenure: 13yrs
- Compensation: US$342.49k
Deb Rieman (69yo)
- Tenure: 21yrs
- Compensation: US$324.99k
Mark Wrighton (69yo)
- Tenure: 10.9yrs
- Compensation: US$302.99k
Bob Cummings (68yo)
- Tenure: 13.3yrs
- Compensation: US$319.99k
Stephanie Burns (64yo)
- Tenure: 8yrs
- Compensation: US$317.99k
Kevin Martin (52yo)
- Tenure: 6.9yrs
- Compensation: US$301.99k
Corning Incorporated's company bio, employee growth, exchange listings and data sources
- Name: Corning Incorporated
- Ticker: GLW
- Exchange: DB
- Founded: 1851
- Industry: Electronic Components
- Sector: Tech
- Market Cap: US$22.819b
- Listing Market Cap: US$20.499b
- Shares outstanding: 769.11m
- Website: https://www.corning.com
Number of Employees
- Corning Incorporated
- One Riverfront Plaza
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GLW||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1968|
|GLW||SWX (SIX Swiss Exchange)||Yes||Common Stock||CH||CHF||Jan 1968|
|GLW||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1968|
|GLW||XTRA (XETRA Trading Platform)||Yes||Common Stock||DE||EUR||Jan 1968|
|GLW *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Jan 1968|
|GLW-U||ETLX (Eurotlx)||Yes||Common Stock||IT||EUR||Jan 1968|
|0R2X||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jan 1968|
|G1LW34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH REPR 1 COM||BR||BRL||Dec 2019|
Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company’s Display Technologies segment manufactures glass substrates for organic light-emitting diodes and liquid crystal displays used in televisions, notebook computers, and flat panel desktop monitors. Its Optical Communications segment manufactures optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for various carrier network applications. This segment also offers subscriber demarcation, connection and protection devices, various digital subscriber line passive solutions, and outside plant enclosures; and coaxial RF interconnects for the cable television industry and microwave applications. The company’s Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, and fluoride crystals. The company’s Life Sciences segment develops, manufactures, and supplies laboratory products comprising consumables, such as plastic vessels, specialty surfaces, cell culture media, and serum, as well as general labware and equipment for cell culture research, bioprocessing, genomics, drug discovery, microbiology, and chemistry. This segment sells its products under the Corning, Falcon, Pyrex, and Axygen brands. Corning Incorporated has a strategic collaboration with Intel Corporation to accelerate the availability of 5G in buildings. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/01/16 20:42|
|End of Day Share Price||2020/01/16 00:00|
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.