US stock · Technology sector · Electronic Components
C
Corning Incorporated
GLW
NYSE33.55
USD
+0.20
(+0.60%)
Pre Market
21.65P/E
13Forward P/E
1.03P/E to S&P500
28.425BMarket CAP
3.24%Div Yield
Upcoming Earnings
24 Apr-28 Apr
Shares Short
3/15/23
8.12M
Short % of Float
0.96%
Short % of Shares Outs.
0.96%
% Held by Insiders
9.73%
% Held by Institutions
69.69%
Beta
1.07
PEG Ratio
1.64
52w. high/low
38.28/28.98
Avg. Daily Volume
4.34M
Return %
Stock
S&P 500
1 year
(12.42)
(13.92)
3 years
59.53
54.65
5 years
20.51
50.75
Scale: |
High
Low
28.07
7.36
19.55
8.97
21.10
15.45
23.43
11.51
14.62
10.62
18.07
11.75
23.52
16.55
25.16
15.42
25.34
16.13
32.81
24.12
36.56
26.11
35.34
26.75
38.44
17.44
46.82
34.80
43.47
28.98
37.10
31.94
Currency: USD
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Revenue per share
3.73
3.81
3.49
4.25
5.05
5.36
5.38
7.44
7.47
9.21
11.30
13.84
14.82
14.85
17.01
17.14
Earnings per share
1.37
3.37
1.30
2.28
1.80
1.16
1.35
1.89
1.10
3.62
(0.56)
1.31
1.24
0.67
2.30
1.59
FCF per share
0.52
0.13
0.77
1.81
0.48
0.94
1.22
2.78
1.28
1.36
0.22
0.75
0.06
1.06
2.14
1.22
Dividends per share
0.10
0.20
0.20
0.20
0.23
0.32
0.39
0.45
0.56
0.63
0.73
0.84
0.96
1.03
1.05
1.13
CAPEX per share
0.81
1.23
0.58
0.65
1.56
1.21
0.70
0.82
1.03
1.11
2.02
2.83
2.56
1.81
1.98
1.94
Book Value per sh.
6.05
8.62
10.06
12.42
13.49
14.38
14.57
16.54
15.41
17.54
17.54
16.90
16.63
17.42
14.89
14.50
Comm.Shares outs.
1,569
1,560
1,545
1,561
1,562
1,494
1,452
1,305
1,219
1,020
895
816
776
761
828
828
Avg. annual P/E ratio
17.1
5.9
11.2
8.0
9.8
11.1
10.8
10.7
18.4
5.8
(52.5)
23.4
24.9
42.2
17.2
22.0
P/E to S&P500
1.0
0.3
0.2
0.4
0.6
0.7
0.6
0.6
0.9
0.3
(2.2)
0.9
1.0
1.1
0.6
1.0
Avg. annual div. yield
0.4%
1.0%
1.4%
1.1%
1.3%
2.5%
2.7%
2.2%
2.8%
3.0%
2.5%
2.7%
3.1%
3.6%
2.7%
3.2%
Revenue (m)
5,860
5,948
5,395
6,632
7,890
8,012
7,819
9,715
9,111
9,390
10,116
11,290
11,503
11,303
14,082
14,189
Operating margin
18.4%
25.6%
7.2%
27.2%
21.5%
16.5%
17.5%
19.9%
14.5%
14.8%
16.1%
14.0%
11.4%
4.5%
15.0%
10.1%
Depreciation (m)
607
695
792
854
957
997
1,002
1,200
1,184
1,195
1,158
1,293
1,503
1,520
1,481
1,452
Net profit (m)
2,150
5,257
2,008
3,558
2,805
1,728
1,961
2,472
1,339
3,695
(497)
1,066
960
512
1,906
1,316
Income tax rate
6.2%
(157.9)%
(3.8)%
7.5%
12.7%
18.4%
20.7%
30.7%
9.9%
(0.1)%
130.0%
29.1%
21.1%
17.8%
20.5%
22.9%
Net profit margin
36.7%
88.4%
37.2%
53.6%
35.6%
21.6%
25.1%
25.4%
14.7%
39.4%
(4.9)%
9.4%
8.3%
4.5%
13.5%
9.3%
Working capital (m)
2,782
2,567
3,982
6,873
6,580
7,739
7,145
7,914
5,455
6,297
5,618
3,723
3,942
4,237
2,853
2,278
Long-term debt (m)
1,514
1,527
1,930
2,262
2,364
3,382
3,272
3,227
3,910
3,646
4,749
5,994
8,179
8,449
7,680
6,687
Equity (m)
9,496
13,443
15,543
19,375
21,078
21,486
21,162
21,579
18,788
17,893
15,698
13,792
12,907
13,257
12,333
12,008
ROIC
16.5%
43.8%
10.6%
15.4%
11.2%
6.6%
7.7%
9.2%
5.7%
15.4%
(2.2)%
5.0%
4.5%
2.8%
8.5%
6.5%
Return on capital
14.7%
15.2%
9.5%
15.3%
11.9%
7.6%
9.1%
12.3%
5.7%
13.8%
6.6%
6.2%
5.0%
2.9%
9.0%
6.9%
Return on equity
22.6%
39.1%
12.9%
18.4%
13.3%
8.0%
9.3%
11.5%
7.1%
20.7%
(3.2)%
7.7%
7.4%
3.9%
15.5%
11.0%
Plowback ratio
92.6%
94.0%
84.5%
91.2%
87.4%
72.7%
71.1%
76.1%
49.3%
82.5%
231.0%
35.7%
22.7%
(53.7)%
54.3%
32.8%
Div.&Repurch./FCF
34.4%
442.0%
24.6%
10.5%
149.8%
84.8%
117.8%
84.6%
250.6%
350.3%
- -
478.2%
3,822.7%
111.1%
93.1%
114.0%
Capital Structure
13 Feb · 2023 | Q4
All numbers in millions
Total liabilities
$ 17,167
Total assets
$ 29,442
Long-term debt
$ 6,687
Cash and equiv.
$ 1,671
Goodwill
$ 2,394
Retained earnings
$ 16,778
Common stock
843
Enterprise Value
$ 33,441
Working Capital
Currency: USD, in millions
2020
2021
2022
Cash & Investments
2,672
2,148
1,671
Receivables
2,133
2,004
1,664
Inventory
2,438
2,481
2,904
Other
761
502
156
Current assets
8,004
7,659
7,396
Acc. Payable
1,174
1,612
1,804
Debt due
252
149
224
Other
2,341
3,045
3,090
Current liabilities
3,767
4,806
5,118
Annual growth rates
(avg. rate of change)
1 year
5 years
10 years
Revenue
0.76%
6.37%
7.32%
Cash flow
(43.04)%
427.56%
207.41%
Earnings
(30.95)%
46.18%
(9.67)%
Dividends
7.00%
8.02%
5.84%
Book value
(2.64)%
(3.33)%
(5.94)%
Insider Trading
Type
Shares
Date
Fang Li
Exempt
6,196
03/07/23
Fang Li
Sale
19,909
03/07/23
Fang Li
Exempt
6,196
03/07/23
Fang Li
Exempt
6,568
03/07/23
Fang Li
Exempt
7,145
03/07/23
Quarterly Revenue
Currency: USD, in millions
Year
1Q
2Q
3Q
4Q
Total
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
3,615
3,488
3,406
14,189
Earnings per share
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
(0.13)
(0.09)
0.56
0.33
0.67
2021
0.72
0.54
0.45
0.59
2.30
2022
0.70
0.68
0.25
(0.04)
1.59
Quarterly dividends paid
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
0.25
0.25
0.27
0.26
1.03
2021
0.25
0.28
0.26
0.26
1.05
2022
0.28
0.28
0.28
0.29
1.13
Company Description
Sector:
Technology
Industry:
Electronic Components
CEO:
Mr. Wendell P. Weeks
Full-time employees:
61,200
City:
Corning
Address:
One Riverfront Plaza
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.
Recent News
· 28 Mar, 2022 · The Wall Street Journal