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Corning Incorporated is an electronic components business based in the US. Corning Incorporated shares (GLW) are listed on the NYSE and all prices are listed in US Dollars. Corning Incorporated employs 50,110 staff and has a trailing 12-month revenue of around 0.00.
|52-week range||$19.78 - $46.82|
|50-day moving average||$44.79|
|200-day moving average||$39.01|
|Wall St. target price||$49.18|
|Dividend yield||$0.9 (2.07%)|
|Earnings per share (TTM)||$1.41|
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Valuing Corning Incorporated stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Corning Incorporated's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Corning Incorporated's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 31x. In other words, Corning Incorporated shares trade at around 31x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Corning Incorporated's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.2734. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Corning Incorporated's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Corning Incorporated's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $3.3 billion.
The EBITDA is a measure of a Corning Incorporated's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$12.2 billion|
|Operating margin TTM||14.53%|
|Gross profit TTM||$4 billion|
|Return on assets TTM||3.82%|
|Return on equity TTM||9.34%|
|Market capitalisation||$37.6 billion|
TTM: trailing 12 months
There are currently 7.3 million Corning Incorporated shares held short by investors – that's known as Corning Incorporated's "short interest". This figure is 26.3% down from 9.9 million last month.
There are a few different ways that this level of interest in shorting Corning Incorporated shares can be evaluated.
Corning Incorporated's "short interest ratio" (SIR) is the quantity of Corning Incorporated shares currently shorted divided by the average quantity of Corning Incorporated shares traded daily (recently around 4.1 million). Corning Incorporated's SIR currently stands at 1.79. In other words for every 100,000 Corning Incorporated shares traded daily on the market, roughly 1790 shares are currently held short.
However Corning Incorporated's short interest can also be evaluated against the total number of Corning Incorporated shares, or, against the total number of tradable Corning Incorporated shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Corning Incorporated's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Corning Incorporated shares in existence, roughly 10 shares are currently held short) or 0.0112% of the tradable shares (for every 100,000 tradable Corning Incorporated shares, roughly 11 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Corning Incorporated.
Find out more about how you can short Corning Incorporated stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Corning Incorporated.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 24.22
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Corning Incorporated's overall score of 24.22 (as at 12/31/2018) is pretty good – landing it in it in the 24th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Corning Incorporated is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 12.41/100
Corning Incorporated's environmental score of 12.41 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Corning Incorporated is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 9.2/100
Corning Incorporated's social score of 9.2 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Corning Incorporated is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 11.61/100
Corning Incorporated's governance score puts it squarely in the 5th percentile of companies rated in the same sector. That could suggest that Corning Incorporated is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Corning Incorporated scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Corning Incorporated has, for the most part, managed to keep its nose clean.
|Total ESG score||24.22|
|Total ESG percentile||24.32|
|Environmental score percentile||5|
|Social score percentile||5|
|Governance score percentile||5|
|Level of controversy||2|
Dividend payout ratio: 55.76% of net profits
Recently Corning Incorporated has paid out, on average, around 55.76% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.21% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Corning Incorporated shareholders could enjoy a 2.21% return on their shares, in the form of dividend payments. In Corning Incorporated's case, that would currently equate to about $0.9 per share.
Corning Incorporated's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Corning Incorporated's most recent dividend payout was on 28 June 2021. The latest dividend was paid out to all shareholders who bought their shares by 26 May 2021 (the "ex-dividend date").
Corning Incorporated's shares were split on a 3:1 basis on 3 October 2000. So if you had owned 1 share the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Corning Incorporated shares – just the quantity. However, indirectly, the new 66.7% lower share price could have impacted the market appetite for Corning Incorporated shares which in turn could have impacted Corning Incorporated's share price.
Over the last 12 months, Corning Incorporated's shares have ranged in value from as little as $19.777 up to $46.82. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Corning Incorporated's is 1.161. This would suggest that Corning Incorporated's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
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 for various carrier network applications. This segment also offers operator-grade distributed antenna systems; optical network evolution wireless platform; subscriber demarcation, connection and protection devices, various digital subscriber line passive solutions, and outside plant enclosures; and coaxial RF interconnects for the cable television industry and microwave applications. The company's Environmental Technologies segment offers ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, and fluoride crystals. The company's Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, and Axygen brands.
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