Corning (GLW)
Corning Statistics
Share Statistics
Corning has 856.78M shares outstanding. The number of shares has increased by -0.01% in one year.
| Shares Outstanding | 856.78M |
| Shares Change (YoY) | -0.01% |
| Shares Change (QoQ) | 0.04% |
| Owned by Institutions (%) | 69.57% |
| Shares Floating | 779.7M |
| Failed to Deliver (FTD) Shares | 288 |
| FTD / Avg. Volume | < 0.01% |
Short Selling Information
The latest short interest is 10.8M, so 1.26% of the outstanding shares have been sold short.
| Short Interest | 10.8M |
| Short % of Shares Out | 1.26% |
| Short % of Float | 1.39% |
| Short Ratio (days to cover) | 2.82 |
Valuation Ratios
The PE ratio is 81.93 and the forward PE ratio is 19.15. Corning's PEG ratio is -5.14.
| PE Ratio | 81.93 |
| Forward PE | 19.15 |
| PS Ratio | 3.16 |
| Forward PS | 2 |
| PB Ratio | 3.88 |
| P/FCF Ratio | 42.56 |
| PEG Ratio | -5.14 |
Enterprise Valuation
Corning has an Enterprise Value (EV) of 47.78B.
| EV / Sales | 3.64 |
| EV / EBITDA | 19.17 |
| EV / EBIT | 24.64 |
| EV / FCF | 49.06 |
Financial Position
The company has a current ratio of 1.62, with a Debt / Equity ratio of 0.76.
| Current Ratio | 1.62 |
| Quick Ratio | 1.07 |
| Debt / Equity | 0.76 |
| Debt / EBITDA | 3.25 |
| Debt / FCF | 8.31 |
| Interest Coverage | 3.45 |
Financial Efficiency
Return on Equity is 4.74% and Return on Invested Capital is 3.56%.
| Return on Equity | 4.74% |
| Return on Assets | 1.82% |
| Return on Invested Capital | 3.56% |
| Revenue Per Employee | $233K |
| Profits Per Employee | $8.99K |
| Employee Count | 56,300 |
| Asset Turnover | 0.47 |
| Inventory Turnover | 3.25 |
Taxes
| Income Tax | 221M |
| Effective Tax Rate | 27.18% |
Stock Price Statistics
The stock price has increased by 30.83% in the last 52 weeks. The beta is 1.02, so Corning's price volatility has been higher than the market average.
| Beta | 1.02 |
| 52-Week Price Change | 30.83% |
| 50-Day Moving Average | 49.29 |
| 200-Day Moving Average | 45.88 |
| Relative Strength Index (RSI) | 30.56 |
| Average Volume (20 Days) | 6.09M |
Income Statement
In the last 12 months, Corning had revenue of 13.12B and earned 506M in profits. Earnings per share was 0.58.
| Revenue | 13.12B |
| Gross Profit | 4.28B |
| Operating Income | 1.14B |
| Net Income | 506M |
| EBITDA | 2.49B |
| EBIT | 1.14B |
| Earnings Per Share (EPS) | 0.58 |
Balance Sheet
The company has 1.77B in cash and 8.09B in debt, giving a net cash position of -6.32B.
| Cash & Cash Equivalents | 1.77B |
| Total Debt | 8.09B |
| Net Cash | -6.32B |
| Retained Earnings | 15.93B |
| Total Assets | 27.73B |
| Working Capital | 3.07B |
Cash Flow
In the last 12 months, operating cash flow was 1.94B and capital expenditures -965M, giving a free cash flow of 974M.
| Operating Cash Flow | 1.94B |
| Capital Expenditures | -965M |
| Free Cash Flow | 974M |
| FCF Per Share | 1.12 |
Margins
Gross margin is 32.6%, with operating and profit margins of 8.65% and 3.86%.
| Gross Margin | 32.6% |
| Operating Margin | 8.65% |
| Pretax Margin | 6.2% |
| Profit Margin | 3.86% |
| EBITDA Margin | 19% |
| EBIT Margin | 8.65% |
| FCF Margin | 7.42% |
Dividends & Yields
GLW pays an annual dividend of $1.4, which amounts to a dividend yield of 2.23%.
| Dividend Per Share | $1.40 |
| Dividend Yield | 2.23% |
| Dividend Growth (YoY) | 0% |
| Payout Ratio | 241.38% |
| Earnings Yield | 1.22% |
| FCF Yield | 2.35% |
Analyst Forecast
The average price target for GLW is $54, which is 27.5% higher than the current price. The consensus rating is "Buy".
| Price Target | $54 |
| Price Target Difference | 27.5% |
| Analyst Consensus | Buy |
| Analyst Count | 13 |
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 | 2.92 |
| Piotroski F-Score | 7 |