Corning Incorporated
New York Stock ExchangeTotal Valuation
Corning Incorporated carries a market capitalization of 151.95B, placing it among publicly traded companies globally. Its enterprise value stands at 125.10B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.
| Market Cap | 151.95B |
| Enterprise Value | 125.10B |
Share Statistics
Corning Incorporated currently has 859.06M shares outstanding.
| Shares Outstanding | 859.06M |
| Owned by Insiders (%) | N/A |
| Owned by Institutions (%) | N/A |
Valuation Ratios
Corning Incorporated trades at a trailing price-to-earnings ratio of 64.30. The price-to-sales ratio is 7.13, and the price-to-book ratio stands at 6.61.
| PE Ratio | 64.30 |
| PS Ratio | 7.13 |
| PB Ratio | 6.61 |
| P/TBV Ratio | 12.60 |
| P/FCF Ratio | 40.61 |
| P/OCF Ratio | 40.05 |
Enterprise Valuation
On an enterprise value basis, Corning Incorporated trades at an EV/EBITDA multiple of 32.43 and an EV/FCF ratio of 39.14. The EV/Sales ratio of 7.66 reflects the premium investors are willing to pay for the company's revenue stream, while the EV/EBIT multiple of 50.58 provides insight into valuation relative to core operating earnings.
| EV / Sales | 7.66 |
| EV / EBITDA | 32.43 |
| EV / EBIT | 50.58 |
| EV / FCF | 39.14 |
Financial Position
Corning Incorporated maintains a current ratio of 1.61, meaning it holds 1.6x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 80.36, indicating elevated leverage, while an interest coverage ratio of 11.15 demonstrates strong ability to service its debt obligations.
| Current Ratio | 1.61 |
| Quick Ratio | 0.83 |
| Debt / Equity | 80.36 |
| Debt / EBITDA | 2.57 |
| Interest Coverage | 11.15 |
Financial Efficiency
Corning Incorporated posts a return on equity of 10.53 and a return on invested capital of 9.96.
| Return on Equity (ROE) | 10.53 |
| Return on Assets (ROA) | 6.17 |
| Return on Invested Capital (ROIC) | 9.96 |
| Return on Capital Employed (ROCE) | 7.29 |
| Revenue Per Employee | N/A |
| Employee Count | N/A |
| Inventory Turnover | 3.36 |
Taxes
Over the trailing twelve months, Corning Incorporated has paid 376.00M in income taxes, reflecting an effective tax rate of 16.06.
| Income Tax | 376.00M |
| Effective Tax Rate | 16.06 |
Stock Price Statistics
Corning Incorporated's stock has gained approximately 249.95045% over the past 52 weeks. The 50-day moving average sits at 175.10, while the 200-day moving average is 117.15.
| Beta (5Y) | N/A |
| 52-Week Price Change | 249.95045% |
| 50-Day Moving Average | 175.10 |
| 200-Day Moving Average | 117.15 |
| Average Volume (20 Days) | N/A |
Income Statement
Over the trailing twelve months, Corning Incorporated generated 16.32B in revenue and converted that into 1.81B in net income, yielding earnings per share of 2.26. EBITDA reached 3.86B, while operating income came in at 2.47B.
| Revenue | 16.32B |
| Gross Profit | 5.94B |
| Operating Income | 2.47B |
| Pretax Income | 2.34B |
| Net Income | 1.81B |
| EBITDA | 3.86B |
| EBIT | 2.47B |
| Earnings Per Share (EPS) | 2.26 |
Balance Sheet
Corning Incorporated holds 1.76B in cash and equivalents against 9.92B in total debt, resulting in a net debt position of 7.22B. Total book value stands at 17.61B, with working capital of 3.61B providing operational flexibility.
| Cash & Cash Equivalents | 1.76B |
| Total Debt | 9.92B |
| Net Debt | 7.22B |
| Equity (Book Value) | 17.61B |
| Book Value Per Share | 20.57 |
| Working Capital | 3.61B |
Cash Flow
Corning Incorporated produced 2.91B in operating cash flow over the past twelve months.
| Operating Cash Flow | 2.91B |
| Capital Expenditures | N/A |
| Free Cash Flow | 2.91B |
| FCF Per Share | 3.39 |
Margins
Corning Incorporated operates with a gross margin of 36.36, reflecting its pricing power and cost economics. The operating margin of 15.15 and net profit margin of 11.09 provide insight into operational efficiency.
| Gross Margin | 36.36 |
| Operating Margin | 15.15 |
| Pretax Margin | 14.34 |
| Profit Margin | 11.09 |
| EBITDA Margin | 23.64 |
Dividends & Yields
The company's payout ratio of 47.22 indicates the proportion of earnings distributed to shareholders.
| Dividend Per Share | 1.17 |
| Dividend Yield | N/A |
| Payout Ratio | 47.22 |
| Shareholder Yield | 1.04 |
| FCF Yield | 2.46 |
Stock Splits
Corning Incorporated's most recent stock split took place on October 4, 2000 with a 1:3 split ratio.
| Last Split Date | 10/4/2000 |
| Split Ratio | 1:3 |
Scores
Corning Incorporated posts an Altman Z-Score of 5.55, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.
| Altman Z-Score | 5.55 |