Corning Statistics
Total Valuation
Corning has a market cap or net worth of $42.71 billion. The enterprise value is $49.17 billion.
| Market Cap | 42.71B |
| Enterprise Value | 49.17B |
Important Dates
The next estimated earnings date is Tuesday, January 28, 2025, before market open.
| Earnings Date | Jan 28, 2025 |
| Ex-Dividend Date | Nov 15, 2024 |
Share Statistics
Corning has 856.21 million shares outstanding. The number of shares has increased by 1.02% in one year.
| Current Share Class | 856.21M |
| Shares Outstanding | 856.21M |
| Shares Change (YoY) | +1.02% |
| Shares Change (QoQ) | -1.16% |
| Owned by Insiders (%) | 0.30% |
| Owned by Institutions (%) | 72.87% |
| Float | 778.80M |
Valuation Ratios
The trailing PE ratio is 272.40 and the forward PE ratio is 22.39. Corning's PEG ratio is 1.37.
| PE Ratio | 272.40 |
| Forward PE | 22.39 |
| PS Ratio | 3.32 |
| Forward PS | 2.81 |
| PB Ratio | 3.60 |
| P/TBV Ratio | 5.40 |
| P/FCF Ratio | 41.06 |
| P/OCF Ratio | 21.03 |
| PEG Ratio | 1.37 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 18.86, with an EV/FCF ratio of 47.33.
| EV / Earnings | 315.22 |
| EV / Sales | 3.90 |
| EV / EBITDA | 18.86 |
| EV / EBIT | 39.43 |
| EV / FCF | 47.33 |
Financial Position
The company has a current ratio of 1.66, with a Debt / Equity ratio of 0.73.
| Current Ratio | 1.66 |
| Quick Ratio | 0.78 |
| Debt / Equity | 0.73 |
| Debt / EBITDA | 2.92 |
| Debt / FCF | 8.03 |
| Interest Coverage | 3.67 |
Financial Efficiency
Return on equity (ROE) is 1.93% and return on invested capital (ROIC) is 3.90%.
| Return on Equity (ROE) | 1.93% |
| Return on Assets (ROA) | 2.75% |
| Return on Capital (ROIC) | 3.90% |
| Revenue Per Employee | $253,233 |
| Profits Per Employee | $3,133 |
| Employee Count | 49,800 |
| Asset Turnover | 0.45 |
| Inventory Turnover | 3.07 |
Taxes
In the past 12 months, Corning has paid $114.00 million in taxes.
| Income Tax | 114.00M |
| Effective Tax Rate | 33.73% |
Stock Price Statistics
The stock price has increased by +72.70% in the last 52 weeks. The beta is 1.03, so Corning's price volatility has been similar to the market average.
| Beta (5Y) | 1.03 |
| 52-Week Price Change | +72.70% |
| 50-Day Moving Average | 47.07 |
| 200-Day Moving Average | 39.80 |
| Relative Strength Index (RSI) | 66.26 |
| Average Volume (20 Days) | 3,918,216 |
Short Selling Information
The latest short interest is 10.02 million, so 1.17% of the outstanding shares have been sold short.
| Short Interest | 10.02M |
| Short Previous Month | 11.16M |
| Short % of Shares Out | 1.17% |
| Short % of Float | 1.29% |
| Short Ratio (days to cover) | 2.09 |
Income Statement
In the last 12 months, Corning had revenue of $12.61 billion and earned $156.00 million in profits. Earnings per share was $0.18.
| Revenue | 12.61B |
| Gross Profit | 4.25B |
| Operating Income | 1.25B |
| Pretax Income | 583.00M |
| Net Income | 156.00M |
| EBITDA | 2.61B |
| EBIT | 1.25B |
| Earnings Per Share (EPS) | $0.18 |
Balance Sheet
The company has $1.61 billion in cash and $8.34 billion in debt, giving a net cash position of -$6.73 billion or -$7.86 per share.
| Cash & Cash Equivalents | 1.61B |
| Total Debt | 8.34B |
| Net Cash | -6.73B |
| Net Cash Per Share | -$7.86 |
| Equity (Book Value) | 11.47B |
| Book Value Per Share | 13.64 |
| Working Capital | 3.04B |
Cash Flow
In the last 12 months, operating cash flow was $2.03 billion and capital expenditures -$990.00 million, giving a free cash flow of $1.04 billion.
| Operating Cash Flow | 2.03B |
| Capital Expenditures | -990.00M |
| Free Cash Flow | 1.04B |
| FCF Per Share | $1.21 |
Margins
Gross margin is 33.66%, with operating and profit margins of 9.89% and 1.24%.
| Gross Margin | 33.66% |
| Operating Margin | 9.89% |
| Pretax Margin | 2.68% |
| Profit Margin | 1.24% |
| EBITDA Margin | 20.67% |
| EBIT Margin | 9.89% |
| FCF Margin | 7.57% |
Dividends & Yields
This stock pays an annual dividend of $1.12, which amounts to a dividend yield of 2.25%.
| Dividend Per Share | $1.12 |
| Dividend Yield | 2.25% |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | 13 |
| Payout Ratio | 611.51% |
| Buyback Yield | -1.02% |
| Shareholder Yield | 1.23% |
| Earnings Yield | 0.37% |
| FCF Yield | 2.44% |
Analyst Forecast
The average price target for Corning is $51.17, which is 2.59% higher than the current price. The consensus rating is "Buy".
| Price Target | $51.17 |
| Price Target Difference | 2.59% |
| 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 2.55 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 2.55 |
| Piotroski F-Score | 5 |