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GLW

33.47USD-0.53(-1.56%)Delayedas of 05 Dec 2022, 03:44 pm

Corning Inc

Market Summary

USD33.47-0.53Delayedas of 05 Dec 2022, 03:44 pm
-1.56%

GLW Alerts

GLW Stock Price

RSI Chart

Valuation

Market Cap

27.5B

Price/Earnings

14.93

Price/Sales

1.9

Price/Cashflow

9.09

MarketCap/EBT

11.7

Price/Sales

Profitability

Operating Margin

33.63%

EBT Margin

16.23%

Return on Equity

15.92%

Return on Assets

6.4%

Fundamentals

Revenue

Revenue (TTM)

14.5B

Revenue Y/Y

-3.51%

Revenue Q/Q

-3.51%

Earnings

Earnings (TTM)

1.8B

Earnings Y/Y

-43.94%

Earnings Q/Q

-63.06%

Price Action

52 Week Range

28.7542.17
(Low)(High)

Last 7 days

-0.4%

Last 30 days

8.0%

Last 90 days

3.4%

Trailing 12 Months

-6.6%

Financial Health

Current Ratio

1.51

Debt/Equity

0.57

Debt/Cashflow

0.46

Investor Care

Dividend Yield

4.99%

Dividend/Share (TTM)

1.62

Buy Backs (1Y)

0.89%

Diluted EPS (TTM)

2.15

Peers (Alternatives to Corning)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
39.2B
16.3B
11.18% -18.80%
15.6
2.49
9.10% 7.39%
31.8B
5.3B
8.04% -9.04%
28.69
6.03
8.30% 33.53%
27.5B
14.5B
7.96% -6.61%
14.93
1.9
5.11% 10.05%
23.4B
23.8B
10.57% -0.68%
23.12
1.02
17.82% 3.06%
14.9B
5.7B
16.45% -53.96%
30.01
2.57
5.07% -44.62%
MID-CAP
8.9B
33.5B
12.72% 21.09%
8.89
0.26
14.32% 43.10%
6.7B
1.3B
14.75% -10.58%
33.47
5.32
-2.14% -40.66%
5.5B
2.5B
18.98% -19.01%
15.86
2.37
27.30% 37.14%
4.1B
2.4B
17.15% 12.69%
20.67
1.83
19.55% 37.77%
3.1B
2.6B
13.57% 30.26%
35.57
1.2
15.38% 18.48%
SMALL-CAP
1.2B
801.9M
17.60% -24.78%
-9.5
1.53
-8.56% -248.17%
1.2B
577.1M
6.18% 18.70%
22.58
2.11
14.64% 249.10%
1.1B
152.0M
-0.93% 14.72%
53.9
7.36
24.71% -12.46%
988.0M
2.8B
2.26% 18.57%
20.3
0.38
29.17% 91.42%
785.8M
339.7M
-5.44% -52.08%
-8.54
2.42
30.77% -29.07%

Financials for Corning

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-0.9%14,45914,58614,47214,08213,756
Cost Of Revenue1.4%9,5979,4659,2829,0198,751
Gross Profit-5.1%4,8625,1215,1905,0635,005
  S&GA Expenses-1.3%1,8571,8821,8611,8271,822
  R&D Expenses2.6%1,0461,0191,021995947
Earnings Before Taxes-8.6%2,3472,5672,3332,3972,151
Net Income-8.1%1,8392,0021,8881,9061,671
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-3.3%28,73529,71830,25730,15429,706
  Current Assets-1.0%7,8047,8837,8617,6597,679
    Cash Equivalents0.1%1,6301,6292,0162,1482,212
  Inventory4.1%2,9512,8352,6182,4812,463
  Net PPE-4.6%14,64515,35015,78015,80415,383
  Goodwill-0.9%2,3682,3892,4082,4212,425
Liabilities-3.1%17,18717,73617,62817,60917,351
  Current Liabilities-6.6%5,1675,5305,0614,8064,337
.    Short Term Borrowings------
  Long Term Debt-2.3%6,5256,6776,8006,9897,000
Shareholder's Equity-1.6%11,54811,73412,39512,33312,145
  Retained Earnings1.2%17,04416,83716,73716,38916,110
  Additional Paid-In Capital0.4%16,59016,53116,47516,398-
Accumulated Depreciation-1.1%13,34813,49914,01013,96913,857
Minority Interest6.5%264248234212210
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-5.9%3,0213,2103,2233,4123,163
  Share Based Compensation6.3%218205198190197
Cashflow From Investing-0.9%-1,585.00-1,571.00-1,409.00-1,419.00-1,181.00
Cashflow From Financing15.6%-1,892.00-2,241.00-2,637.00-2,452.00-2,304.00
  Buy Backs-0.2%47347442327422

Risks

What is the probability of a big loss on GLW?

70.4%


Probability that Corning stock will be more than 20% underwater in next one year

18.9%


Probability that Corning stock will be more than 30% underwater in next one year.

16.1%


Probability that Corning stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does GLW drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Corning was unfortunately bought at previous high price.

Returns

Cumulative Returns on GLW

13.6%


10-Year Cumulative Returns

12.4%


7-Year Cumulative Returns

4.1%


5-Year Cumulative Returns

9.7%


3-Year Cumulative Returns

What are the long-term rolling returns for GLW?

FIve years rolling returns for Corning.

Which funds bought or sold GLW recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
SALEM CAPITAL MANAGEMENT INC
UNCHANGED
-
-384,000
4,484,000
3.55%
2022-11-23
Eagle Bay Advisors LLC
REDUCED
-4.16
-12,250
90,000
0.06%
2022-11-23
Toroso Investments, LLC
ADDED
0.93
-74,000
967,000
0.04%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
1.7
-235,000
3,473,000
0.10%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
6,323,000
6,323,000
0.07%
2022-11-22
IHT Wealth Management, LLC
NEW
-
299,000
299,000
0.02%
2022-11-22
CVA Family Office, LLC
ADDED
327.59
13,000
18,000
-%
2022-11-21
Parallax Volatility Advisers, L.P.
REDUCED
-4.14
-55,000
412,000
-%
2022-11-21
ST GERMAIN D J CO INC
UNCHANGED
-
-
5,439,000
0.36%
2022-11-21
Bray Capital Advisors
UNCHANGED
-
-12,000
138,000
0.04%

1–10 of 45

Latest Funds Activity

Are funds buying GLW calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own GLW

Corning News

MarketBeat

Corning Incorporated (NYSE:GLW) Sees Significant Decrease in Short Interest.14 hours ago

GLW Fair Value

Corning fair value in different scenarios

The table shows the Fair Value estimates for Corning for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

27.03

-19.24%

34.30

2.48%

50.83

51.87%

74.64

123.01%

89.14

166.33%

Current Inflation

25.07

-25.10%

31.26

-6.60%

45.13

34.84%

65.34

95.22%

77.40

131.25%

Very High Inflation

22.65

-32.33%

27.58

-17.60%

38.46

14.91%

54.59

63.10%

63.95

91.07%

Historical Corning Fair Value Estimates


Recent SEC filings of Corning

View All Filings
Date Filed Form Type Document
Nov 23, 2022
3
Insider Trading
Nov 03, 2022
4
Insider Trading
Oct 27, 2022
10-Q
Quarterly Report
Oct 25, 2022
8-K
Current Report
Oct 04, 2022
4
Insider Trading
Oct 04, 2022
4
Insider Trading
Oct 04, 2022
4
Insider Trading
Oct 04, 2022
4
Insider Trading
Oct 04, 2022
4
Insider Trading
Oct 04, 2022
4
Insider Trading

Latest Insider Trading transactions for GLW

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-01
Schlesinger Edward A
SOLD FOR TAXES
-53,007.7
32.56
-1,628
Exec. Vice President and CFO
2022-11-01
Schlesinger Edward A
ACQUIRED
-
-
1,628
Exec. Vice President and CFO
2022-08-15
STEVERSON LEWIS A
SOLD
-1,531,440
37.2921
-41,066
EVP and CLAO
2022-08-15
STEVERSON LEWIS A
ACQUIRED
949,788
32.3784
29,334
EVP and CLAO
2022-08-01
Bayne John P JR
SOLD
-204,630
36.705
-5,575
SVP &GM, Mobile Consumer Elec.
2022-07-18
Schlesinger Edward A
SOLD (Taxes)
-133,833
32.77
-4,084
Exec. Vice President and CFO
2022-07-18
France Robert P.
SOLD (Taxes)
-250,953
32.77
-7,658
Senior VP, Human Resources
2022-07-15
Amin Jaymin
SOLD (Taxes)
-338,972
33.2
-10,210
SVP and Chief Tech. Officer
2022-06-15
STEVERSON LEWIS A
SOLD (Taxes)
-9,691.04
32.74
-296
EVP and CLAO
2022-06-15
STEVERSON LEWIS A
ACQUIRED
-
-
579
EVP and CLAO

1–10 of 50

Wendell P. Weeks
61200
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.

GLW Income Statement

2022-09-30
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net sales$ 3,488$ 3,615$ 10,783$ 10,406
Cost of sales2,4262,2947,1926,614
Gross margin1,0621,3213,5913,792
Operating expenses:    
Selling, general and administrative expenses4614861,3811,351
Research, development and engineering expenses278251766715
Amortization of purchased intangibles31329297
Operating income2925521,3521,629
Interest income3398
Interest expense(73)(72)(216)(227)
Translated earnings contract (loss) gain, net (Note 11)(68)(13)257262
Other income, net10623391169
Income before income taxes2604931,7931,841
Provision for income taxes (Note 4)(34)(109)(380)(402)
Net income2263841,4131,439
Net income attributable to non-controlling interests(18)(13)(61)(20)
Net income attributable to Corning Incorporated$ 208$ 371$ 1,352$ 1,419
Earnings per common share available to common shareholders:    
Basic (Note 5) (in dollars per share)$ 0.25$ 0.44$ 1.60$ 0.72
Diluted (Note 5) (in dollars per share)$ 0.24$ 0.43$ 1.58$ 0.71
Net income attributable to Corning Incorporated$ 208$ 371$ 1,352$ 1,419
Series A convertible preferred stock dividend  (24)
Excess consideration paid for redemption of preferred shares (1)[1]  (803)
Net income available to common shareholders$ 208$ 371$ 1,352$ 592
[1]Refer to Note 4 (Earnings (Loss) per Common Share) and Note 12 (Shareholders' Equity) to the consolidated financial statements for additional information.

GLW Balance Sheet

2022-09-30
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 1,630$ 2,148
Trade accounts receivable, net of doubtful accounts - $39 and $421,6202,004
Inventories, net (Note 6)2,9512,481
Other current assets1,6031,026
Total current assets7,8047,659
Property, plant and equipment, net of accumulated depreciation - $13,348 and $13,96914,64515,804
Goodwill, net2,3682,421
Other intangible assets, net1,0491,148
Deferred income taxes (Note 4)9981,066
Other assets1,8712,056
Total Assets28,73530,154
Current liabilities:  
Current portion of long-term debt and short-term borrowings (Note 8)20855
Accounts payable1,8081,612
Other accrued liabilities (Note 7 and Note 10)3,1513,139
Total current liabilities5,1674,806
Long-term debt (Note 8)6,5256,989
Postretirement benefits other than pensions (Note 9)585622
Other liabilities (Note 7 and Note 10)4,9105,192
Total liabilities17,18717,609
Commitments and contingencies (Note 10)
Shareholders’ equity (Note 13):  
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion910907
Additional paid-in capital – common stock16,64916,475
Retained earnings17,04416,389
Treasury stock, at cost; Shares held: 977 million and 970 million(20,528)(20,263)
Accumulated other comprehensive loss(2,791)(1,175)
Total Corning Incorporated shareholders’ equity11,28412,333
Non-controlling interests264212
Total equity11,54812,545
Total Liabilities and Equity$ 28,735$ 30,154