Corning Statistics
Total Valuation
Corning has a market cap or net worth of $41.33 billion. The enterprise value is $47.81 billion.
| Market Cap | 41.33B |
| Enterprise Value | 47.81B |
Important Dates
The last earnings date was Wednesday, January 29, 2025, before market open.
| Earnings Date | Jan 29, 2025 |
| Ex-Dividend Date | Feb 28, 2025 |
Share Statistics
Corning has 856.56 million shares outstanding. The number of shares has increased by 1.16% in one year.
| Current Share Class | 856.56M |
| Shares Outstanding | 856.56M |
| Shares Change (YoY) | +1.16% |
| Shares Change (QoQ) | +1.41% |
| Owned by Insiders (%) | 0.30% |
| Owned by Institutions (%) | 72.84% |
| Float | 779.20M |
Valuation Ratios
The trailing PE ratio is 83.19 and the forward PE ratio is 20.54. Corning's PEG ratio is 1.40.
| PE Ratio | 83.19 |
| Forward PE | 20.54 |
| PS Ratio | 3.26 |
| Forward PS | 2.69 |
| PB Ratio | 4.01 |
| P/TBV Ratio | 5.48 |
| P/FCF Ratio | 42.59 |
| P/OCF Ratio | 21.39 |
| PEG Ratio | 1.40 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 17.47, with an EV/FCF ratio of 49.08.
| EV / Earnings | 94.48 |
| EV / Sales | 3.64 |
| EV / EBITDA | 17.47 |
| EV / EBIT | 34.47 |
| EV / FCF | 49.08 |
Financial Position
The company has a current ratio of 1.62, with a Debt / Equity ratio of 0.73.
| Current Ratio | 1.62 |
| Quick Ratio | 0.78 |
| Debt / Equity | 0.73 |
| Debt / EBITDA | 2.73 |
| Debt / FCF | 8.31 |
| Interest Coverage | 4.22 |
Financial Efficiency
Return on equity (ROE) is 5.16% and return on invested capital (ROIC) is 4.39%.
| Return on Equity (ROE) | 5.16% |
| Return on Assets (ROA) | 3.08% |
| Return on Invested Capital (ROIC) | 4.39% |
| Return on Capital Employed (ROCE) | 6.08% |
| Revenue Per Employee | $233,002 |
| Profits Per Employee | $8,988 |
| Employee Count | 56,300 |
| Asset Turnover | 0.47 |
| Inventory Turnover | 3.20 |
Taxes
In the past 12 months, Corning has paid $221.00 million in taxes.
| Income Tax | 221.00M |
| Effective Tax Rate | 27.18% |
Stock Price Statistics
The stock price has increased by +48.69% in the last 52 weeks. The beta is 1.02, so Corning's price volatility has been similar to the market average.
| Beta (5Y) | 1.02 |
| 52-Week Price Change | +48.69% |
| 50-Day Moving Average | 50.01 |
| 200-Day Moving Average | 44.73 |
| Relative Strength Index (RSI) | 38.25 |
| Average Volume (20 Days) | 4,714,357 |
Short Selling Information
The latest short interest is 11.28 million, so 1.32% of the outstanding shares have been sold short.
| Short Interest | 11.28M |
| Short Previous Month | 10.80M |
| Short % of Shares Out | 1.32% |
| Short % of Float | 1.45% |
| Short Ratio (days to cover) | 1.79 |
Income Statement
In the last 12 months, Corning had revenue of $13.12 billion and earned $506.00 million in profits. Earnings per share was $0.58.
| Revenue | 13.12B |
| Gross Profit | 4.49B |
| Operating Income | 1.39B |
| Pretax Income | 583.00M |
| Net Income | 506.00M |
| EBITDA | 2.74B |
| EBIT | 1.39B |
| Earnings Per Share (EPS) | $0.58 |
Balance Sheet
The company has $1.77 billion in cash and $8.09 billion in debt, giving a net cash position of -$6.32 billion or -$7.38 per share.
| Cash & Cash Equivalents | 1.77B |
| Total Debt | 8.09B |
| Net Cash | -6.32B |
| Net Cash Per Share | -$7.38 |
| Equity (Book Value) | 11.07B |
| Book Value Per Share | 12.51 |
| Working Capital | 3.07B |
Cash Flow
In the last 12 months, operating cash flow was $1.94 billion and capital expenditures -$965.00 million, giving a free cash flow of $974.00 million.
| Operating Cash Flow | 1.94B |
| Capital Expenditures | -965.00M |
| Free Cash Flow | 974.00M |
| FCF Per Share | $1.14 |
Margins
Gross margin is 34.20%, with operating and profit margins of 10.57% and 3.86%.
| Gross Margin | 34.20% |
| Operating Margin | 10.57% |
| Pretax Margin | 6.20% |
| Profit Margin | 3.86% |
| EBITDA Margin | 20.86% |
| EBIT Margin | 10.57% |
| FCF Margin | 7.42% |
Dividends & Yields
This stock pays an annual dividend of $1.12, which amounts to a dividend yield of 2.32%.
| Dividend Per Share | $1.12 |
| Dividend Yield | 2.32% |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | n/a |
| Payout Ratio | 193.10% |
| Buyback Yield | -1.16% |
| Shareholder Yield | 1.13% |
| Earnings Yield | 1.22% |
| FCF Yield | 2.35% |
Analyst Forecast
The average price target for Corning is $53.00, which is 9.85% higher than the current price. The consensus rating is "Buy".
| Price Target | $53.00 |
| Price Target Difference | 9.85% |
| Analyst Consensus | Buy |
| Analyst Count | 13 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | 56.56% |
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 2.78 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 2.78 |
| Piotroski F-Score | 7 |