Corning Incorporated

$ 195.00 11.17 %

Corning Incorporated is a global enterprise operating across five key business areas: display technologies, optical communications, environmental solutions, specialty materials, and life sciences. Its Display Technologies division manufactures glass substrates essential for liquid crystal displays and organic light-emitting diode screens, which are integrated into consumer electronics such as televisions, laptops, desktop monitors, tablets, and handheld devices. The Optical Communications segment provides a comprehensive range of products, including optical fibers and cables, alongside various hardware and equipment like cable assemblies, fiber optic connectors, optical components, couplers, network closures, interface devices, and other accessories. This segment serves commercial enterprises, government bodies, and individual consumers alike. The Specialty Materials division develops and produces a diverse portfolio of items, including material formulations for glass, glass ceramics, and crystals. It also offers precision measurement instruments, software, ultra-thin and ultra-flat glass wafers and substrates, tinted eyewear, and products for radiation protection. This division caters to sectors such as mobile consumer electronics, optics and consumables for semiconductor manufacturing, aerospace and defense optics, radiation shielding applications, sunglass production, and telecommunications components. Corning's Environmental Technologies segment is responsible for ceramic substrates and filtration systems, crucial for controlling emissions in mobile, gasoline, and diesel engine applications. Within the Life Sciences segment, the company supplies a variety of laboratory products. These include consumables like plastic vessels, liquid handling plastics, specialized surfaces, cell culture media, and serums, as well as general labware and equipment, all marketed under prominent brands such as Corning, Falcon, Pyrex, and Axygen. Originally founded in 1851 as Corning Glass Works, the company adopted its current name, Corning Incorporated, in April 1989. Its corporate headquarters are situated in Corning, New York.

CEO: Wendell Weeks - https://www.corning.com

Price objectif

$169.11 -13.28 %

Recommandation

Buy

DCF

$ 22.15

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GLW vs S&P500

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Quick ratio

1.06

suggests a healthy liquidity position, showing that the company can likely meet its short-term obligations.

P/E ratio

98.98

is considered reasonable, suggesting that the company has a valuation in line with its current profits.

EPS

1.97

is the net profit of a company divided by the number of outstanding shares, indicating the profit earned per share.

ROE

15.65 %

reflects reasonable profitability, showing good use of equity.

ROIC

7.89 %

does not generate enough return to cover its financing costs, which indicates value destruction and may pose long-term profitability issues.

WACC

9.30

is a company's average cost of capital, weighted by the proportion of debt and equity in its financing. It represents the minimum return the company must generate to satisfy its investors.

Debt-to-Equity Ratio

0.76

indicates that the company uses more equity than debt, suggesting prudent management.

Free cash flow per share

1.74

is a measure of a company's financial flexibility that is determined by dividing free cash flow by the total number of shares outstanding.

Dividend payout ratio

55.30 %

indicates that the company is retaining a large portion of its profits to reinvest in growth

Earnings per share

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Financials

Piotroski score
6 indicates moderate financial health
Altman score
7.02 indicates good financial health and low risk of bankruptcy
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Cash / Debt

Cash Ratio
0.30 indicates liquidity risk, as the company may not have enough cash to meet its immediate obligations
Debt Ratio
0.29 indicates that the company uses little debt to finance its assets, suggesting good financial stability
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Free Cash Flow

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Earnings Per Share (annual)

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Sales

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