Corning Incorporated
GLW
NYSE33.13
Corning Incorporated
NYSE:GLW
RECENT
PRICE
33.13
P/E
RATIO
26.34
(PEG:0.07)
P/E RATIO
RELATIVE
TO S&P
1.02
DIV
YLD
2.76%
High:
Low:
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Legends
Stock price
0.95 Beta (1.0 Market)
0
0
0
0
0
0
0
0
0
% total return 05/22:
Stock
S&P
1y.
0
0
3y.
0
0
5y.
0
0
0
Percent shares traded:
0
0
0
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
TTM
Fiscal year
3.35
1.20
0.40
- -
3.73
1.37
0.52
0.10
3.81
3.37
0.13
0.20
3.49
1.30
0.77
0.20
4.25
2.28
1.81
0.20
5.05
1.80
0.48
0.23
5.36
1.16
0.94
0.32
5.38
1.35
1.22
0.39
7.44
1.89
2.78
0.45
7.47
1.10
1.28
0.56
9.21
3.62
1.36
0.63
11.30
(0.56)
0.22
0.73
13.84
1.31
0.75
0.84
14.82
1.24
0.06
0.96
14.85
0.67
1.06
1.03
16.59
2.24
2.09
1.03
17.09
2.23
1.76
1.05
Revenue per share
Earnings per share
Free Cash Flow per sh
Dividends per share
0.76
4.69
0.81
6.05
1.23
8.62
0.58
10.06
0.65
12.42
1.56
13.49
1.21
14.38
0.70
14.57
0.82
16.54
1.03
15.41
1.11
17.54
2.02
17.54
2.83
16.90
2.56
16.63
1.81
17.42
1.93
14.53
2.04
14.41
CAPEX per share
Book Value per share
1,546
1,569
1,560
1,545
1,561
1,562
1,494
1,452
1,305
1,219
1,020
895
816
776
761
849
847
Comm.Shares outs.(m)
19.3
1.1
- -
17.1
1.0
0.4%
5.9
0.3
1.0%
11.2
0.2
1.4%
8.0
0.4
1.1%
9.8
0.6
1.3%
11.1
0.7
2.5%
10.8
0.6
2.7%
10.7
0.6
2.2%
18.4
0.9
2.8%
5.8
0.3
3.0%
(52.5)
(2.2)
2.5%
23.4
0.9
2.7%
24.9
1.0
3.1%
42.2
1.1
3.6%
17.7
0.6
2.6%
26.3
1.0
2.8%
Avg. annual P/E ratio
P/E relative to S&P500
Avg. annual div. yield
Capital Structure (31/3/22 | Q1)
Total liabilities
$17,628 m.
Total assets
$30,257 m.
Long-term debt
$7,515 m.
Cash and equiv.
$2,016 m.
Goodwill $2,408 m.
Retained earnings $16,737 m.
Common stock 843 m. shares
Market Capitalisation
$27,982 m. (as of 23/5/22)
7,890
21.5%
8,012
16.5%
7,819
17.5%
9,715
19.9%
9,111
14.5%
9,390
14.8%
10,116
16.1%
11,290
14.0%
11,503
11.4%
11,303
4.5%
14,082
15.0%
14,472
15.1%
Revenue (m)
Operating margin
957
2,805
997
1,728
1,002
1,961
1,200
2,472
1,184
1,339
1,195
3,695
1,158
(497)
1,293
1,066
1,503
960
1,520
512
1,481
1,906
1,492
1,888
Depreciation (m)
Net profit (m)
12.7%
35.6%
18.4%
21.6%
20.7%
25.1%
30.7%
25.4%
9.9%
14.7%
(0.1)%
39.4%
130.0%
(4.9)%
29.1%
9.4%
21.1%
8.3%
17.8%
4.5%
20.5%
13.5%
18.7%
13.0%
Income tax rate
Net profit margin
6,580
2,364
21,078
7,739
3,382
21,486
7,145
3,272
21,162
7,914
3,227
21,579
5,455
3,910
18,788
6,297
3,646
17,893
5,618
4,749
15,698
3,723
5,994
13,792
3,942
7,729
12,907
4,237
8,449
13,257
2,853
6,989
12,333
2,800
7,515
12,395
Working capital (m)
Long-term debt (m)
Equity (m)
11.2%
11.9%
13.3%
6.6%
7.6%
8.0%
7.7%
9.1%
9.3%
9.2%
12.3%
11.5%
5.7%
5.7%
7.1%
15.4%
13.8%
20.7%
(2.2)%
6.6%
(3.2)%
5.0%
6.2%
7.7%
4.5%
5.0%
7.4%
2.8%
2.9%
3.9%
8.5%
9.0%
15.5%
8.6%
8.7%
15.2%
ROIC
Return on capital
Return on equity
Working Capital
2019
2020
2021
Cash assets
2,434
2,672
2,148
Receivables
1,836
2,133
2,004
Inventory
2,320
2,438
2,481
Other
873
761
1,026
Current assets
7,463
8,004
7,659
Acc. Payable
1,587
1,174
1,612
Debt due
73
252
55
Other
1,861
2,341
3,139
Current liab.
3,521
3,767
4,806
87.4%
149.8%
72.7%
84.8%
71.1%
117.8%
76.1%
84.6%
49.3%
250.6%
82.5%
350.3%
231.0%
- -
35.7%
478.2%
22.7%
3,822.7%
(53.7)%
111.1%
54.3%
93.1%
52.8%
122.1%
Plowback ratio
Div.&Repurch. to FCF
Corning Incorporated (US) started trading on May 1, 1945 (cik: 0000024741), operates in the Technology sector (Electronic Components industry), has 61,200 full-time employees, and is led by Mr. Wendell Weeks. Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment offers glass substrates for liquid crystal displays and organic light-emitting diodes 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, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories. This segment also offers its products to businesses, governments, and individuals. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, crystals, precision metrology instruments, software; as well as ultra-thin and ultra-flat glass wafers, substrates, tinted sunglasses, and radiation shielding products. This segment serves various industries, including mobile consumer electronics, semiconductor equipment optics and consumables; aerospace and defense optics; radiation shielding products, sunglasses, and telecommunications components. The company's Environmental Technologies segment offers ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. 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.
Annual rates
(avg rate of change)
Past
5 y.
Past
10 y.
Revenues
9.08%
6.97%
Cash flow
489.44%
215.07%
Earnings
-24.71%
-4.74%
Dividends
7.57%
7.27%
Book value
-5.70%
-5.81%
Insider trading
Type
Shares
Date
Bell Michael Alan
Sale
2,717
05/18/22
France Robert P.
Sale
2,751
05/18/22
Steverson Lewis A
Exempt
1,086
05/16/22
Steverson Lewis A
Exempt
9,415
05/16/22
Steverson Lewis A
InKind
5,362
05/16/22
Fiscal Year Ends
Quarterly Revenue (m)
Full fiscal year
I
II
III
IV
2020
2,391
2,561
3,001
3,350
11,303
2021
3,290
3,501
3,615
3,676
14,082
2022
3,680
- -
- -
- -
- -
Fiscal Year Ends
Earnings per share
Full fiscal year
I
II
III
IV
2020
(0.13)
(0.09)
0.56
0.33
0.67
2021
0.71
0.53
0.44
0.57
2.24
2022
0.69
- -
- -
- -
- -
Fiscal Year Ends
Quarterly dividends paid
Full fiscal year
I
II
III
IV
2020
0.25
0.25
0.27
0.26
1.03
2021
0.24
0.28
0.26
0.25
1.03
2022
0.27
- -
- -
- -
- -
03/28/2022
Corning’s New CFO and His Predecessor Discuss Hiring, Inflation and Moving On
The Wall Street Journal - Read more...
03/26/2021
Corning’s Vaccine Vial Output Seen Up 50% From Prior Target
The Wall Street Journal - Read more...