Corning Statistics
Total Valuation
Corning has a market cap or net worth of $26.80 billion. The enterprise value is $32.55 billion.
| Market Cap | 26.80B |
| Enterprise Value | 32.55B |
Important Dates
The next confirmed earnings date is Tuesday, April 30, 2024, before market open.
| Earnings Date | Apr 30, 2024 |
| Ex-Dividend Date | Feb 28, 2024 |
Share Statistics
Corning has 855.35 million shares outstanding. The number of shares has increased by 0.87% in one year.
| Shares Outstanding | 855.35M |
| Shares Change (YoY) | +0.87% |
| Shares Change (QoQ) | +0.02% |
| Owned by Insiders (%) | 9.68% |
| Owned by Institutions (%) | 70.96% |
| Float | 769.70M |
Valuation Ratios
The trailing PE ratio is 46.07 and the forward PE ratio is 16.57. Corning's PEG ratio is 1.12.
| PE Ratio | 46.07 |
| Forward PE | 16.57 |
| PS Ratio | 2.13 |
| Forward PS | 1.94 |
| PB Ratio | 2.32 |
| P/FCF Ratio | 39.29 |
| PEG Ratio | 1.12 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 13.30, with an EV/FCF ratio of 47.72.
| EV / Earnings | 56.02 |
| EV / Sales | 2.59 |
| EV / EBITDA | 13.30 |
| EV / EBIT | 30.19 |
| EV / FCF | 47.72 |
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 | 0.78 |
| Debt / Equity | 0.65 |
| Debt / EBITDA | 3.08 |
| Debt / FCF | 11.04 |
| Interest Coverage | 3.28 |
Financial Efficiency
Return on equity (ROE) is 5.00% and return on invested capital (ROIC) is 3.62%.
| Return on Equity (ROE) | 5.00% |
| Return on Assets (ROA) | 2.00% |
| Return on Capital (ROIC) | 3.62% |
| Revenue Per Employee | $252,771 |
| Profits Per Employee | $11,667 |
| Employee Count | 49,800 |
| Asset Turnover | 0.44 |
| Inventory Turnover | 3.11 |
Taxes
In the past 12 months, Corning has paid $168.00 million in taxes.
| Income Tax | 168.00M |
| Effective Tax Rate | 22.43% |
Stock Price Statistics
The stock price has decreased by -2.73% in the last 52 weeks. The beta is 1.09, so Corning's price volatility has been similar to the market average.
| Beta (1Y) | 1.09 |
| 52-Week Price Change | -2.73% |
| 50-Day Moving Average | 32.26 |
| 200-Day Moving Average | 30.97 |
| Relative Strength Index (RSI) | 42.39 |
| Average Volume (30 Days) | 4,656,887 |
Short Selling Information
The latest short interest is 11.52 million, so 1.35% of the outstanding shares have been sold short.
| Short Interest | 11.52M |
| Short Previous Month | 10.32M |
| Short % of Shares Out | 1.35% |
| Short % of Float | 1.50% |
| Short Ratio (days to cover) | 2.41 |
Income Statement
In the last 12 months, Corning had revenue of $12.59 billion and earned $581.00 million in profits. Earnings per share was $0.68.
| Revenue | 12.59B |
| Gross Profit | 3.93B |
| Operating Income | 890.00M |
| Pretax Income | 749.00M |
| Net Income | 581.00M |
| EBITDA | 2.45B |
| EBIT | 1.08B |
| Earnings Per Share (EPS) | $0.68 |
Balance Sheet
The company has $1.78 billion in cash and $7.53 billion in debt, giving a net cash position of -$5.75 billion or -$6.72 per share.
| Cash & Cash Equivalents | 1.78B |
| Total Debt | 7.53B |
| Net Cash | -5.75B |
| Net Cash Per Share | -$6.72 |
| Equity / Book Value | 11.55B |
| Book Value Per Share | 13.50 |
| Working Capital | 2.89B |
Cash Flow
In the last 12 months, operating cash flow was $2.01 billion and capital expenditures -$1.32 billion, giving a free cash flow of $682.00 million.
| Operating Cash Flow | 2.01B |
| Capital Expenditures | -1.32B |
| Free Cash Flow | 682.00M |
| FCF Per Share | $0.80 |
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 | 5.95% |
| Profit Margin | 4.62% |
| EBITDA Margin | 19.44% |
| EBIT Margin | 8.56% |
| FCF Margin | 5.42% |
Dividends & Yields
This stock pays an annual dividend of $1.12, which amounts to a dividend yield of 3.58%.
| Dividend Per Share | $1.12 |
| Dividend Yield | 3.58% |
| Dividend Growth (YoY) | 2.75% |
| Years of Dividend Growth | 13 |
| Payout Ratio | 164.71% |
| Buyback Yield | -0.87% |
| Shareholder Yield | 2.70% |
| Earnings Yield | 2.17% |
| FCF Yield | 2.54% |
Analyst Forecast
The average price target for Corning is $35.44, which is 13.12% higher than the current price. The consensus rating is "Buy".
| Price Target | $35.44 |
| Price Target Difference | 13.12% |
| Analyst Consensus | Buy |
| Analyst Count | 9 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | 51.11% |
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 2.46 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 2.46 |
| Piotroski F-Score | 5 |