Company Overview

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.

  • Name

    Corning Incorporated

  • CEO

    Mr. Wendell P. Weeks

  • Website

    www.corning.com

  • Sector

    Electronic Equipment, Instruments and Components

  • Year Founded

    1851

Profile

  • Market Cap

    $34.78B

  • EV

    $41.9B

  • Shares Out

    855.7M

  • Revenue

    $12.39B

  • Employees

    49,800

Margins

  • Gross

    34.38%

  • EBITDA

    21.58%

  • Operating

    10.61%

  • Pre-Tax

    5.22%

  • Net

    3.53%

  • FCF

    7.57%

Returns (5Yr Avg)

  • ROA

    3.57%

  • ROTA

    9.18%

  • ROE

    8.33%

  • ROCE

    6.78%

  • ROIC

    5.55%

Valuation (TTM)

  • P/E

  • P/B

  • EV/Sales

  • EV/EBITDA

  • P/FCF

  • EV/Gross Profit

Valuation (NTM)

  • Price Target

    $43.52

  • P/E

  • PEG

  • EV/Sales

  • EV/EBITDA

  • P/FCF

Financial Health

  • Cash

    $1,419M

  • Net Debt

    $6,778M

  • Debt/Equity

    0.75

  • EBIT/Interest

    3.88

Growth (CAGR)

  • Rev 3Yr

    -1.94%

  • Rev 5Yr

    0.99%

  • Rev 10Yr

    3.49%

  • Dil EPS 3Yr

    -21.62%

  • Dil EPS 5Yr

    -20.42%

  • Dil EPS 10Yr

    -5.58%

  • Rev Fwd 2Yr

    5.76%

  • EBITDA Fwd 2Yr

    11.32%

  • EPS Fwd 2Yr

    15.61%

  • EPS LT Growth Est

    13.56%

Dividends

  • Yield

  • Payout

    218.23%

  • DPS

    $1.12

  • DPS Growth 3Yr

    6.78%

  • DPS Growth 5Yr

    8.06%

  • DPS Growth 10Yr

    10.84%

  • DPS Growth Fwd 2Yr

    9.66%

NYSE:GLW