US stock · Technology sector · Electronic Components
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Corning Incorporated

GLWNYSE

33.32

USD
-0.09
(-0.27%)
Market Open
14.28P/E
15Forward P/E
0.71P/E to S&P500
28.182BMarket CAP
3.14%Div Yield
Upcoming Earnings
24 Jan-30 Jan
Shares Short
11/15/22
10.45M
Short % of Float
1.39%
Short % of Shares Outs.
1.23%
% Held by Insiders
9.76%
% Held by Institutions
69.95%
Beta
1.05
PEG Ratio
1.88
52w. high/low
43.47/28.98
Avg. Daily Volume
5.04M
Return %
Stock
S&P 500
1 year
(11.21)
(14.02)
3 years
14.46
25.85
5 years
2.58
49.58
Scale: |
High
Low
27.25
18.12
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
25.35
16.13
32.82
24.12
36.56
26.11
35.34
26.75
38.44
17.44
46.82
34.81
43.47
28.98
Currency: USD
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
TTM
Revenue per share
3.35
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
16.59
17.12
Earnings per share
1.20
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
2.24
2.18
FCF per share
0.40
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
2.09
1.42
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
1.03
1.08
CAPEX per share
0.76
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
1.93
2.16
Book Value per sh.
4.69
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
14.53
14.13
Comm.Shares outs.
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
845
Avg. annual P/E ratio
19.3
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
17.7
14.3
P/E to S&P500
1.1
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
0.7
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%
2.6%
3.1%
Revenue (m)
5,174
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
14,459
Operating margin
16.4%
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%
12.6%
Depreciation (m)
591
607
695
792
854
957
997
1,002
1,200
1,184
1,195
1,158
1,293
1,503
1,520
1,481
1,485
Net profit (m)
1,855
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
1,839
Income tax rate
5.7%
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%
18.6%
Net profit margin
35.9%
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%
12.6%
Working capital (m)
2,479
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
2,637
Long-term debt (m)
1,696
1,514
1,527
1,930
2,262
2,364
3,382
3,272
3,227
3,910
3,646
4,749
5,994
7,729
8,449
6,989
6,525
Equity (m)
7,246
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
11,284
ROIC
16.8%
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%
9.1%
Return on capital
14.7%
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%
9.1%
Return on equity
25.6%
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%
16.3%
Plowback ratio
100.0%
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%
51.1%
Div.&Repurch./FCF
(53.0)%
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%
157.7%
Capital Structure
30 Sep · 2022 | Q3
All numbers in millions
Total liabilities
$ 17,187
Total assets
$ 28,735
Long-term debt
$ 6,525
Cash and equiv.
$ 1,630
Goodwill
$ 2,368
Retained earnings
$ 17,044
Common stock
843
Enterprise Value
$ 33,077
Working Capital
Currency: USD, in millions
2019
2020
2021
Cash & Investments
2,434
2,672
2,148
Receivables
1,836
2,133
2,004
Inventory
2,320
2,438
2,481
Other
873
999
740
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 liabilities
3,521
3,767
4,806
Annual growth rates
(avg. rate of change)
1 year
5 years
10 years
Revenue
24.59%
9.08%
6.97%
Cash flow
121.05%
489.44%
215.07%
Earnings
272.27%
(24.71)%
(4.74)%
Dividends
10.67%
7.57%
7.27%
Book value
(6.97)%
(5.70)%
(5.81)%
Insider Trading
Type
Shares
Date
Schlesinger Edward A
Exempt
222
11/01/22
Schlesinger Edward A
Exempt
692
11/01/22
Schlesinger Edward A
Exempt
282
11/01/22
Schlesinger Edward A
Exempt
432
11/01/22
Schlesinger Edward A
InKind
1,628
11/01/22
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
- -
- -
Earnings per share
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
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
0.67
0.25
- -
- -
Quarterly dividends paid
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
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
0.28
0.28
- -
- -
Company Description
Sector:
Technology
Industry:
Electronic Components
CEO:
Mr. Wendell Weeks
Full-time employees:
61,200
City:
Corning
Address:
1 Riverfront Plz
IPO:
May 21, 1945
Website:
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.
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