Corning Statistics
Share Statistics
Corning has 856.21M shares outstanding. The number of shares has increased by 0.3% in one year.
| Shares Outstanding | 856.21M |
| Shares Change (YoY) | n/a |
| Shares Change (QoQ) | -0.11% |
| Owned by Institutions (%) | n/a |
| Shares Floating | 779.14M |
| Failed to Deliver (FTD) Shares | 42.65K |
| FTD / Avg. Volume | 0.94% |
Short Selling Information
The latest short interest is 10.02M, so 1.17% of the outstanding shares have been sold short.
| Short Interest | 10.02M |
| Short % of Shares Out | 1.17% |
| Short % of Float | 1.29% |
| Short Ratio (days to cover) | 2.1 |
Valuation Ratios
The PE ratio is 44.44 and the forward PE ratio is 20.92. Corning's PEG ratio is 0.19.
| PE Ratio | 44.44 |
| Forward PE | 20.92 |
| PS Ratio | 2.05 |
| Forward PS | 2.7 |
| PB Ratio | 2.24 |
| P/FCF Ratio | 41.99 |
| PEG Ratio | 0.19 |
Enterprise Valuation
Corning has an Enterprise Value (EV) of 32.53B.
| EV / Earnings | 55.98 |
| EV / Sales | 2.58 |
| EV / EBITDA | 12.94 |
| EV / EBIT | 36.55 |
| EV / FCF | 52.89 |
Financial Position
The company has a current ratio of 1.67, with a Debt / Equity ratio of 0.65.
| Current Ratio | 1.67 |
| Quick Ratio | 1.05 |
| Debt / Equity | 0.65 |
| Total Debt / Capitalization | 39.45 |
| Cash Flow / Debt | 0.27 |
| Interest Coverage | 2.71 |
Financial Efficiency
Return on equity (ROE) is 0.05% and return on capital (ROIC) is 3.47%.
| Return on Equity (ROE) | 0.05% |
| Return on Assets (ROA) | 0.02% |
| Return on Capital (ROIC) | 3.47% |
| Revenue Per Employee | 252.77K |
| Profits Per Employee | 11.67K |
| Employee Count | 49.80K |
| Asset Turnover | 0.44 |
| Inventory Turnover | 3.25 |
Taxes
| Income Tax | 168.00M |
| Effective Tax Rate | 0.21 |
Stock Price Statistics
The stock price has increased by 58.24% in the last 52 weeks. The beta is 1.03, so Corning's price volatility has been higher than the market average.
| Beta | 1.03 |
| 52-Week Price Change | 58.24% |
| 50-Day Moving Average | 47.43 |
| 200-Day Moving Average | 40.2 |
| Relative Strength Index (RSI) | 53.77 |
| Average Volume (20 Days) | 4.53M |
Income Statement
In the last 12 months, Corning had revenue of $12.59B and earned $581.00M in profits. Earnings per share was $0.69.
| Revenue | 12.59B |
| Gross Profit | 3.93B |
| Operating Income | 890.00M |
| Net Income | 581.00M |
| EBITDA | 2.51B |
| EBIT | 890.00M |
| Earnings Per Share (EPS) | 0.69 |
Balance Sheet
The company has $1.78B in cash and $8.48B in debt, giving a net cash position of -$6.71B.
| Cash & Cash Equivalents | 1.78B |
| Total Debt | 8.48B |
| Net Cash | -6.71B |
| Retained Earnings | 16.39B |
| Total Assets | 28.32B |
| Working Capital | 3.04B |
Cash Flow
In the last 12 months, operating cash flow was $2.00B and capital expenditures -$1.39B, giving a free cash flow of $615.00M.
| Operating Cash Flow | 2.00B |
| Capital Expenditures | -1.39B |
| Free Cash Flow | 615.00M |
| FCF Per Share | 0.73 |
Margins
Gross margin is 31.23%, with operating and profit margins of 7.07% and 4.62%.
| Gross Margin | 31.23% |
| Operating Margin | 7.07% |
| Pretax Margin | 6.48% |
| Profit Margin | 4.62% |
| EBITDA Margin | 19.97% |
| EBIT Margin | 7.07% |
| FCF Margin | 4.89% |
Dividends & Yields
GLW pays an annual dividend of $1.12, which amounts to a dividend yield of 2.3%.
| Dividend Per Share | $1.12 |
| Dividend Yield | 2.3% |
| Dividend Growth (YoY) | 0% |
| Payout Ratio | 589.47% |
| Earnings Yield | 1.43% |
| FCF Yield | 1.49% |
Analyst Forecast
The average price target for GLW is $51, which is 5.8% higher than the current price. The consensus rating is "Buy".
| Price Target | $51 |
| Price Target Difference | 5.8% |
| Analyst Consensus | Buy |
| Analyst Count | 12 |
Stock Splits
The last stock split was on Oct 4, 2000. It was a forward split with a ratio of 3:1.
| Last Split Date | Oct 4, 2000 |
| Split Type | forward |
| Split Ratio | 3:1 |
Scores
| Altman Z-Score | 2.96 |
| Piotroski F-Score | 7 |