Corning Incorporated

LSE:0R2X Stock Report

Market Cap: US$40.5b

Corning Valuation

Is 0R2X undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0R2X when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0R2X ($47.14) is trading below our estimate of fair value ($67.49)

Significantly Below Fair Value: 0R2X is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0R2X?

Key metric: As 0R2X is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0R2X. This is calculated by dividing 0R2X's market cap by their current revenue.
What is 0R2X's PS Ratio?
PS Ratio3.2x
SalesUS$12.61b
Market CapUS$40.51b

Price to Sales Ratio vs Peers

How does 0R2X's PS Ratio compare to its peers?

The above table shows the PS ratio for 0R2X vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.1x
HLMA Halma
4.8x5.7%UK£10.3b
TTG TT Electronics
0.3x-0.1%UK£189.0m
KETL Strix Group
0.7x3.9%UK£103.7m
6981 Murata Manufacturing
2.7x5.8%JP¥4.5t
0R2X Corning
3.2x9.9%US$40.5b

Price-To-Sales vs Peers: 0R2X is expensive based on its Price-To-Sales Ratio (3.2x) compared to the peer average (2.1x).

Price to Sales Ratio vs Industry

How does 0R2X's PS Ratio compare vs other companies in the GB Electronic Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
MIDW Midwich Group
0.2x3.2%US$367.95m
NAR Northamber
0.1xn/aUS$9.48m
NWT Newmark Security
0.3xn/aUS$8.25m
HDT Holders Technology
0.2xn/aUS$2.71m
0R2X 3.2xIndustry Avg. 1.3xNo. of Companies7PS01.22.43.64.86+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0R2X is expensive based on its Price-To-Sales Ratio (3.2x) compared to the UK Electronic industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is 0R2X's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0R2X PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.2x
Fair PS Ratio3.8x

Price-To-Sales vs Fair Ratio: 0R2X is good value based on its Price-To-Sales Ratio (3.2x) compared to the estimated Fair Price-To-Sales Ratio (3.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0R2X forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$47.14
US$52.92
+12.3%
11.3%US$60.00US$37.00n/a14
Dec ’25US$48.67
US$52.28
+7.4%
13.2%US$60.00US$37.00n/a14
Nov ’25US$48.34
US$51.17
+5.8%
15.1%US$60.00US$37.00n/a14
Oct ’25US$44.56
US$45.45
+2.0%
14.1%US$55.00US$37.00n/a14
Sep ’25US$41.49
US$43.52
+4.9%
12.3%US$55.00US$37.00n/a14
Aug ’25US$39.66
US$43.14
+8.8%
12.7%US$55.00US$36.01n/a14
Jul ’25US$38.52
US$38.04
-1.2%
10.9%US$45.00US$29.00n/a14
Jun ’25US$36.90
US$36.36
-1.5%
9.8%US$43.00US$29.00n/a14
May ’25US$33.64
US$35.70
+6.1%
8.8%US$40.00US$29.00n/a13
Apr ’25US$32.95
US$34.78
+5.5%
8.7%US$40.00US$29.00n/a13
Mar ’25US$32.50
US$34.50
+6.2%
8.8%US$40.00US$29.00n/a13
Feb ’25US$31.93
US$34.42
+7.8%
9.2%US$40.00US$29.00n/a13
Jan ’25US$30.34
US$32.50
+7.1%
10.7%US$40.00US$28.00n/a13
Dec ’24US$28.79
US$32.71
+13.6%
10.7%US$40.00US$28.00US$48.6712
Nov ’24US$26.56
US$33.25
+25.2%
11.8%US$40.00US$28.00US$48.3412
Oct ’24US$30.50
US$38.25
+25.4%
7.6%US$43.00US$33.00US$44.5612
Sep ’24US$32.97
US$38.31
+16.2%
7.3%US$43.00US$33.00US$41.4913
Aug ’24US$33.84
US$38.31
+13.2%
7.3%US$43.00US$33.00US$39.6613
Jul ’24US$34.92
US$38.15
+9.3%
8.6%US$42.00US$30.00US$38.5213
Jun ’24US$30.97
US$37.62
+21.4%
8.9%US$42.00US$30.00US$36.9013
May ’24US$33.09
US$37.76
+14.1%
8.9%US$42.00US$30.00US$33.6413
Apr ’24US$35.25
US$38.15
+8.2%
7.3%US$42.00US$32.00US$32.9513
Mar ’24US$34.28
US$37.92
+10.6%
7.6%US$42.00US$32.00US$32.5013
Feb ’24US$35.21
US$37.79
+7.3%
7.7%US$42.00US$32.00US$31.9313
Jan ’24US$31.63
US$37.10
+17.3%
7.1%US$42.00US$32.00US$30.3413
Dec ’23US$34.24
US$37.48
+9.5%
8.3%US$44.00US$32.00US$28.7913

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 12:59
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 46 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