2.40%
7.72%
7.56%
27.94%
57.56%
21.76%
91.79%
AI Spotlight on GLW
Company Description
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.
Market Data
| Last Price | 51.19 |
| Change Percentage | 2.40% |
| Open | 50.43 |
| Previous Close | 49.99 |
| Market Cap ( Millions) | 43829 |
| Volume | 495763 |
| Year High | 55.33 |
| Year Low | 30.72 |
| M A 50 | 48.53 |
| M A 200 | 42.62 |
Financial Ratios
| FCF Yield | 2.22% |
| Dividend Yield | 2.19% |
| ROE | 4.64% |
| Debt / Equity | 67.48% |
| Net Debt / EBIDTA | 285.27% |
| Price To Book | 4.09 |
| Price Earnings Ratio | 86.4 |
| Price To FCF | 45.0 |
| Price To sales | 3.34 |
| EV / EBITDA | 25.82 |
News
- Jan -30 - Corning Incorporated (GLW) Hit a 52 Week High, Can the Run Continue?
- Jan -29 - Why Corning Stock Is Falling After an Initial Surge Today
- Jan -29 - Nasdaq Down Over 100 Points; Corning Posts Upbeat Earnings
- Jan -29 - Compared to Estimates, Corning (GLW) Q4 Earnings: A Look at Key Metrics
- Jan -29 - Corning Incorporated (GLW) Q4 2024 Earnings Call Transcript
- Jan -29 - Corning Beats Q4 Estimates
- Jan -29 - GLW Beats Q4 Earnings Estimates on Healthy Top-Line Improvement
- Jan -29 - Corning (GLW) Beats Q4 Earnings and Revenue Estimates
- Jan -29 - Corning forecasts Q1 results above estimates on robust demand for AI-related infrastructure
- Jan -29 - Corning Reports Strong Fourth-Quarter and Full-Year 2024 Financial Results,(1) Marking Successful First Year of ‘Springboard' Plan
- Jan -28 - Buy These 5 Stocks Set to Win Big After Earnings Results This Week
- Jan -27 - Will Healthy Top-Line Expansion Boost Corning's Q4 Earnings?
- Jan -23 - GLW Deploys Gorilla Armor 2 in Samsung Galaxy S25 Ultra Devices
- Jan -22 - Samsung Galaxy S25 Ultra Introduces Corning® Gorilla® Armor 2, the Industry's First Anti-Reflective Glass Ceramic for Mobile Devices
- Jan -16 - GLW or ANET: Which Is the Better Value Stock Right Now?
- Dec -31 - GLW vs. ANET: Which Stock Is the Better Value Option?
- Dec -31 - What Makes Corning (GLW) a New Buy Stock
- Dec -31 - Is Corning (GLW) Outperforming Other Computer and Technology Stocks This Year?
- Dec -16 - Dell, Corning, Coherent: JPMorgan's Top Picks For Cyclical Recovery 'Beyond AI'
- Nov -28 - 3 Communication Stocks Set to Ride on Fiber Network & Cloud Focus
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Optical Communications
Expected Growth : 8 %
What the company do ?
Optical Communications from Corning Incorporated enables high-speed data transmission over long distances through fiber optic cables, revolutionizing internet connectivity and network infrastructure.
Why we expect these perspectives ?
Corning's Optical Communications segment growth is driven by increasing demand for high-speed data transmission, 5G network deployments, and rising adoption of cloud computing and IoT devices. Additionally, growing need for fiber-to-the-home (FTTH) and fiber-to-the-premises (FTTP) deployments, as well as Corning's innovative product offerings and strong customer relationships, contribute to its 8% growth.
Segment n°2 -> Display Technologies
Expected Growth : 6 %
What the company do ?
Corning Incorporated's Display Technologies provide high-performance glass substrates for LCD and OLED displays, enabling thinner, lighter, and more energy-efficient devices.
Why we expect these perspectives ?
Corning's Display Technologies segment growth is driven by increasing demand for larger, higher-resolution displays, adoption of OLED and flexible OLED technologies, and growing penetration of 5G-enabled devices. Additionally, the shift towards immersive technologies like augmented and virtual reality, and the need for low-power, high-performance displays in IoT devices and automotive applications also contribute to the segment's growth.
Segment n°3 -> Specialty Materials
Expected Growth : 5 %
What the company do ?
Specialty Materials from Corning Incorporated refers to advanced materials and components used in various industries, including consumer electronics, automotive, and pharmaceuticals, offering unique properties and performance.
Why we expect these perspectives ?
Corning's Specialty Materials segment growth is driven by increasing demand for high-index glass and advanced optics in premium smartphones, growing adoption of 5G and augmented reality technologies, and rising sales of Gorilla Glass for automotive and industrial applications.
Segment n°4 -> Environmental Technologies
Expected Growth : 4 %
What the company do ?
Environmental Technologies from Corning Incorporated develops and manufactures ceramic substrates and filters for emissions control in vehicles and stationary sources.
Why we expect these perspectives ?
Corning's Environmental Technologies segment growth is driven by increasing adoption of emissions control systems, rising demand for clean air and water solutions, and growing regulatory pressures to reduce pollution. Additionally, the segment benefits from Corning's innovative materials and process technologies, as well as its strong relationships with major automotive and industrial customers.
Segment n°5 -> Hemlock and Emerging Growth
Expected Growth : 9 %
What the company do ?
Hemlock and Emerging Growth from Corning Incorporated refer to the company's early-stage and high-growth businesses, including optical communications, data center solutions, and more.
Why we expect these perspectives ?
Hemlock and Emerging Growth segments from Corning Incorporated are driven by increasing demand for high-bandwidth optical communications, 5G network deployments, and growing adoption of cloud computing. Additionally, emerging markets' investments in digital infrastructure and rising need for data center interconnects also contribute to the 9% growth rate.
Segment n°6 -> Reconciling Items
Expected Growth : 3 %
What the company do ?
Reconciling Items from Corning Incorporated refer to the differences between a company's recorded financial data and its actual financial situation, requiring adjustments to ensure accurate financial reporting.
Why we expect these perspectives ?
Corning Incorporated's 3% growth is driven by increasing demand for its optical communications and specialty materials segments, fueled by 5G network deployments, cloud computing, and electric vehicle adoption. Additionally, the company's strategic investments in research and development, as well as its cost-saving initiatives, contribute to its growth momentum.
Segment n°7 -> Life Sciences
Expected Growth : 7 %
What the company do ?
Life Sciences from Corning Incorporated provides innovative products and solutions for cell culture, bioprocessing, and drug discovery, enabling researchers to advance human health.
Why we expect these perspectives ?
Corning's Life Sciences segment growth is driven by increasing demand for bioprocessing and diagnostics, fueled by the COVID-19 pandemic, as well as advancements in gene and cell therapy. The segment's 7% growth is also attributed to Corning's strategic acquisitions, expanding product portfolio, and strong relationships with key customers in the pharmaceutical and biotechnology industries.
Corning Incorporated Products
| Product Range | What is it ? |
|---|---|
| Gorilla Glass | A thin, lightweight, and damage-resistant glass used as a cover glass for consumer electronics, such as smartphones, tablets, and laptops. |
| Optical Communications | A range of products and solutions for the telecommunications industry, including optical fibers, cables, and connectivity solutions. |
| Life Sciences | A portfolio of laboratory equipment, consumables, and bioprocess vessels used in scientific research, drug discovery, and bioproduction. |
| Display Technologies | Specialized glass and ceramic substrates used in the production of flat panel displays, such as LCD TVs and monitors. |
| Automotive | Emissions control products, including catalytic converters and filters, used in the automotive industry. |
| Pharmaceutical Tubing | Specialized tubing and connectors used in the pharmaceutical industry for fluid handling and transfer. |
Corning Incorporated's Porter Forces
Threat Of Substitutes
Corning Incorporated has a diverse product portfolio, which reduces the threat of substitutes. However, the company's focus on innovation and R&D helps to stay ahead of potential substitutes.
Bargaining Power Of Customers
Corning Incorporated has a diverse customer base, which reduces the bargaining power of individual customers. The company's strong brand reputation and high-quality products also contribute to its bargaining power.
Bargaining Power Of Suppliers
Corning Incorporated has a moderate level of dependence on its suppliers, particularly for raw materials. However, the company's strong relationships with suppliers and its diversified supply chain help to mitigate this risk.
Threat Of New Entrants
Corning Incorporated operates in industries with high barriers to entry, such as the production of specialized glass and ceramics. The company's strong brand reputation, patented technologies, and high R&D investments also make it difficult for new entrants to compete.
Intensity Of Rivalry
Corning Incorporated operates in highly competitive industries, such as the display glass market and the automotive market. The company faces intense competition from established players, which drives innovation and pricing pressures.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 42.35% |
| Debt Cost | 3.95% |
| Equity Weight | 57.65% |
| Equity Cost | 9.29% |
| WACC | 7.03% |
| Leverage | 73.45% |
Corning Incorporated : Quality Control
Corning Incorporated passed 1 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| QCOM | QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); … |
| KEYS | Keysight Technologies, Inc. provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the … |
| NTAP | NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The … |
| APH | Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh … |
| FTV | Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Intelligent Operating Solutions segment offers connected reliability tools; environment, health, safety, and quality … |
Peers Metrics
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Scoring Insights
Peers Group Analysis
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Fortive
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