GLW Corning Inc

Price (delayed)

$32.52

Market cap

$24.77B

P/E Ratio

271

Dividend/share

$0.84

EPS

$0.12

Enterprise value

$30.42B

Sector: Technology
Industry: Electronic Components
Corning, Inc. develops and manufactures specialty glass and ceramics. It provides glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies. It operates through the following business segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences. The Display Technologies segment manufactures glass substrates for high performance displays, including organic light-emitting diode and liquid crystal displays that are used primarily in televisions, notebook computers and flat panel desktop monitors. The Optical Communications segment is classified into two main product groupings: carrier and enterprise network. The carrier network group consists primarily of products and solutions for optical-based communications infrastructure for services such as video, data and voice communications. The enterprise network group consists primarily of optical-based communication networks sold to businesses, governments and individuals for their own use. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications around the world. The Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics and fluoride crystals to meet demand for unique customer needs. The Life Sciences segment develops, manufactures and supplies scientific laboratory products. The company was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.

Highlights

Corning's quick ratio has increased by 33% YoY and by 9% from the previous quarter
Corning's EPS has plunged by 93% YoY and by 65% from the previous quarter
Corning's net income has shrunk by 87% YoY and by 45% QoQ

Key stats

What are the main financial stats of GLW
Market
Shares outstanding
761.78M
Market cap
$24.77B
Enterprise value
$30.42B
Valuations
Price to earnings (P/E)
271
Price to book (P/B)
2.05
Price to sales (P/S)
2.31
EV/EBIT
59.19
EV/EBITDA
14.94
EV/Sales
2.84
Earnings
Revenue
$10.7B
EBIT
$514M
EBITDA
$2.04B
Free cash flow
$1.06B
Per share
EPS
$0.12
Free cash flow per share
$1.39
Book value per share
$15.83
Revenue per share
$14.07
TBVPS
$32.26
Balance sheet
Total assets
$27.55B
Total liabilities
$15.41B
Debt
$7.81B
Equity
$12.05B
Working capital
$3.83B
Liquidity
Debt to equity
0.65
Current ratio
2.27
Quick ratio
1.28
Net debt/EBITDA
2.78
Margins
EBITDA margin
19%
Gross margin
29.8%
Net margin
1.9%
Operating margin
1.6%
Efficiency
Return on assets
0.7%
Return on equity
1.6%
Return on invested capital
1.9%
Return on capital employed
2.1%
Return on sales
4.8%
Dividend
Dividend yield
2.58%
DPS
$0.84
Payout ratio
700%

GLW stock price

How has the Corning stock price performed over time

Financial performance

How have Corning's revenue and profit performed over time
Revenue
$10.7B
Gross profit
$3.19B
Operating income
$168M
Net income
$202M
Gross margin
29.8%
Net margin
1.9%
GLW's operating income has dropped by 89% year-on-year and by 72% since the previous quarter
The operating margin has plunged by 88% YoY and by 71% from the previous quarter
Corning's net income has shrunk by 87% YoY and by 45% QoQ
GLW's net margin has shrunk by 85% YoY and by 42% QoQ

Valuation

What is Corning stock price valuation
P/E
271
P/B
2.05
P/S
2.31
EV/EBIT
59.19
EV/EBITDA
14.94
EV/Sales
2.84
Corning's EPS has plunged by 93% YoY and by 65% from the previous quarter
The stock's P/B is 37% above its 5-year quarterly average of 1.5 and 28% above its last 4 quarters average of 1.6
GLW's equity is down by 10% year-on-year
The stock's price to sales (P/S) is 28% more than its last 4 quarters average of 1.8
The revenue has declined by 9% year-on-year and by 3.4% since the previous quarter

Efficiency

How efficient is Corning business performance
The ROA has plunged by 87% YoY and by 46% from the previous quarter
The ROE has plunged by 86% YoY and by 43% from the previous quarter
The company's return on invested capital has shrunk by 77% YoY and by 35% QoQ
Corning's ROS has plunged by 73% YoY and by 30% from the previous quarter

Dividends

What is GLW's dividend history
DPS
$0.84
Dividend yield
2.58%
Payout ratio
700%
Recent dividends

Financial health

How did Corning financials performed over time
The total assets is 79% greater than the total liabilities
Corning's quick ratio has increased by 33% YoY and by 9% from the previous quarter
GLW's current ratio is up by 23% YoY and by 4.1% QoQ
GLW's debt is 35% lower than its equity

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.