Corning Statistics
Total Valuation
Corning has a market cap or net worth of $32.89 billion. The enterprise value is $38.89 billion.
| Market Cap | 32.89B |
| Enterprise Value | 38.89B |
Important Dates
The next estimated earnings date is Tuesday, July 23, 2024, before market open.
| Earnings Date | Jul 23, 2024 |
| Ex-Dividend Date | Aug 30, 2024 |
Share Statistics
Corning has 856.62 million shares outstanding. The number of shares has increased by 0.82% in one year.
| Shares Outstanding | 856.62M |
| Shares Change (YoY) | +0.82% |
| Shares Change (QoQ) | +0.04% |
| Owned by Insiders (%) | 9.66% |
| Owned by Institutions (%) | 72.10% |
| Float | 772.84M |
Valuation Ratios
The trailing PE ratio is 53.32 and the forward PE ratio is 18.95. Corning's PEG ratio is 1.12.
| PE Ratio | 53.32 |
| Forward PE | 18.95 |
| PS Ratio | 2.66 |
| Forward PS | 2.29 |
| PB Ratio | 2.93 |
| P/FCF Ratio | 36.95 |
| PEG Ratio | 1.12 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 15.45, with an EV/FCF ratio of 43.70.
| EV / Earnings | 63.34 |
| EV / Sales | 3.14 |
| EV / EBITDA | 15.45 |
| EV / EBIT | 33.76 |
| EV / FCF | 43.70 |
Financial Position
The company has a current ratio of 1.67, with a Debt / Equity ratio of 0.66.
| Current Ratio | 1.67 |
| Quick Ratio | 0.72 |
| Debt / Equity | 0.66 |
| Debt / EBITDA | 2.93 |
| Debt / FCF | 8.28 |
| Interest Coverage | 3.43 |
Financial Efficiency
Return on equity (ROE) is 5.40% and return on invested capital (ROIC) is 3.43%.
| Return on Equity (ROE) | 5.40% |
| Return on Assets (ROA) | 2.20% |
| Return on Capital (ROIC) | 3.43% |
| Revenue Per Employee | $248,695 |
| Profits Per Employee | $12,329 |
| Employee Count | 49,800 |
| Asset Turnover | 0.44 |
| Inventory Turnover | 3.04 |
Taxes
In the past 12 months, Corning has paid $202.00 million in taxes.
| Income Tax | 202.00M |
| Effective Tax Rate | 24.75% |
Stock Price Statistics
The stock price has increased by +9.19% in the last 52 weeks. The beta is 1.08, so Corning's price volatility has been similar to the market average.
| Beta (5Y) | 1.08 |
| 52-Week Price Change | +9.19% |
| 50-Day Moving Average | 35.98 |
| 200-Day Moving Average | 31.81 |
| Relative Strength Index (RSI) | 54.88 |
| Average Volume (20 Days) | 8,231,824 |
Short Selling Information
The latest short interest is 19.29 million, so 2.25% of the outstanding shares have been sold short.
| Short Interest | 19.29M |
| Short Previous Month | 13.83M |
| Short % of Shares Out | 2.25% |
| Short % of Float | 2.50% |
| Short Ratio (days to cover) | 3.40 |
Income Statement
In the last 12 months, Corning had revenue of $12.39 billion and earned $614.00 million in profits. Earnings per share was $0.72.
| Revenue | 12.39B |
| Gross Profit | 3.92B |
| Operating Income | 847.00M |
| Pretax Income | 816.00M |
| Net Income | 614.00M |
| EBITDA | 2.52B |
| EBIT | 1.15B |
| Earnings Per Share (EPS) | $0.72 |
Balance Sheet
The company has $1.37 billion in cash and $7.37 billion in debt, giving a net cash position of -$6.00 billion or -$7.01 per share.
| Cash & Cash Equivalents | 1.37B |
| Total Debt | 7.37B |
| Net Cash | -6.00B |
| Net Cash Per Share | -$7.01 |
| Equity (Book Value) | 11.23B |
| Book Value Per Share | 13.11 |
| Working Capital | 2.80B |
Cash Flow
In the last 12 months, operating cash flow was $2.15 billion and capital expenditures -$1.26 billion, giving a free cash flow of $890.00 million.
| Operating Cash Flow | 2.15B |
| Capital Expenditures | -1.26B |
| Free Cash Flow | 890.00M |
| FCF Per Share | $1.04 |
Margins
Gross margin is 31.66%, with operating and profit margins of 6.84% and 4.96%.
| Gross Margin | 31.66% |
| Operating Margin | 6.84% |
| Pretax Margin | 6.59% |
| Profit Margin | 4.96% |
| EBITDA Margin | 20.32% |
| EBIT Margin | 9.30% |
| FCF Margin | 7.19% |
Dividends & Yields
This stock pays an annual dividend of $1.12, which amounts to a dividend yield of 2.92%.
| Dividend Per Share | $1.12 |
| Dividend Yield | 2.92% |
| Dividend Growth (YoY) | 0.90% |
| Years of Dividend Growth | 13 |
| Payout Ratio | 155.56% |
| Buyback Yield | -0.82% |
| Shareholder Yield | 2.10% |
| Earnings Yield | 1.87% |
| FCF Yield | 2.71% |
Analyst Forecast
The average price target for Corning is $39.42, which is 2.68% higher than the current price. The consensus rating is "Buy".
| Price Target | $39.42 |
| Price Target Difference | 2.68% |
| Analyst Consensus | Buy |
| Analyst Count | 12 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | 37.17% |
Stock Splits
The last stock split was on October 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
Corning has an Altman Z-Score of 2.77 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 2.77 |
| Piotroski F-Score | 6 |