Income Statement Flow (TTM) | Source: Yahoo Finance
Source: Cash Flow Statement | LFCF = Operating Cash Flow - CapEx - Interest Expense
Fair Value: $90.63
-24.2% Downside
Stock appears overvalued with 24.2% downside risk. Consider waiting for better entry point.
Corning Incorporated (GLW) currently trades at $119.56, representing a -24.2% premium to our calculated fair value of $90.63.
Key Strengths: Strong revenue growth (20.4%); Strong YTD performance (+24.4%); Low short interest.
Key Risks: No significant concerns identified.
The company generates $0.72B in levered free cash flow annually, providing real cash returns to shareholders. Wall Street consensus is strong_buy with a mean price target of $114.46.
| Criterion | Status | Notes |
|---|---|---|
| ≤4 operating segments | PASS | Segment count estimated from sector classification. Verify in 10-K for accuracy. |
| Top 2 segments ≥70% of revenue | PASS | Revenue concentration estimated. Verify segment breakdown in 10-K. |
| ≤3 material geographic regions | PASS | Most US-listed companies report US vs International (2 regions). |
| No exotic debt instruments or off-balance-sheet complexity | PASS | Review 10-K for convertibles, derivatives, and off-balance-sheet items. |
Recommendation: PROCEED TO VALUATION
Corning Incorporated operates in optical communications, display technologies, environmental technologies, specialty materials, and life sciences businesses. The company provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. It also offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. In addition, it manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for markets, such as mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Further, the company provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. Additionally, it offers laboratory products, including consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Pyrex, Falcon, and Axygen brands. Corning Incorporated operates in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. The company was founded in 1851 and is headquartered in Corning, New York.
| Market Capitalization | $102.49B |
| (+) Total Debt | $8.43B |
| (-) Cash & Equivalents | $1.53B |
| Net Debt | $6.91B |
| Enterprise Value | $109.40B |
| Metric | Value | What It Means |
|---|---|---|
| Net Debt / EBITDA | 2.35x | Moderate |
| Interest Coverage | 6.6x | Strong |
| Debt / Equity | 68.5% | Elevated |
| Current Ratio | 1.59 | Healthy - can easily pay short-term bills |
Overall: Balance sheet is adequate with some areas to monitor.
Industry: Electronic Components | Data: TTM (Trailing 12 Months) as of 2026-02-06 | Source: Yahoo Finance
| Company | Market Cap | P/E | Forward P/E | EV/EBITDA | Profit Margin |
|---|---|---|---|---|---|
| NVDA | $4472.1B | 45.5x | 24.0x | 36.6x | 53.0% |
| AAPL | $4101.8B | 35.4x | 30.1x | 26.6x | 27.0% |
| GOOGL | $3890.8B | 29.8x | 24.2x | 26.2x | 32.8% |
| MSFT | $2949.6B | 24.8x | 21.0x | 16.9x | 39.0% |
| META | $1662.6B | 28.0x | 18.5x | 16.7x | 30.1% |
| GLW (Target) | $102.5B | 65.3x | 31.5x | 28.3x | 10.2% |
| Peer Average (excl. target) | - | 29.8x | 24.0x | 26.2x | 32.8% |
| Method | Inputs | Fair Value |
|---|---|---|
| Equity (TTM EPS) | EPS: $1.83 x 32.8x P/E | $60.02 |
| Equity (Forward EPS) | EPS: $3.79 x 32.8x P/E | $124.45 |
| EV-Based (EBITDA) | EBITDA: $2.94B x 28.8x | $90.63 |
| Headline Fair Value | Median value used (spread 70.3% exceeds 15% threshold) | $90.63 |
Assessment: Strong positive profile with multiple favorable factors.
GLW trades at 65.3x TTM P/E and 31.5x Forward P/E. This compares to peer averages of 29.8x TTM and 24.0x Forward P/E. Note: The significant gap between TTM and Forward P/E suggests analysts expect substantial earnings improvement.
The company generates positive levered free cash flow of $0.72B, demonstrating its ability to generate real cash after all obligations.
13 analysts cover this stock with a consensus strong_buy rating. Price targets range from $91 to $130, with a mean of $114.
18.10 - Neutral/Low Fear
Score: 43/100
137.16
SPY YTD: 14.8% | RSP YTD: 13.2%
No customer/supplier data available for this company. Data is curated from SEC 10-K filings for major tech companies.
Track Record: 6 beats, 1 misses, 1 in-line out of 8 quarters | 75% Beat Rate
| Date | EPS Estimate | EPS Actual | Result | Surprise % |
|---|---|---|---|---|
| 2026-01-28 | $0.71 | $0.72 | BEAT | 2.1% |
| 2025-10-28 | $0.66 | $0.67 | BEAT | 0.8% |
| 2025-07-29 | $0.57 | $0.60 | BEAT | 5.1% |
| 2025-04-29 | $0.46 | $0.18 | MISS | -61.2% |
| 2025-01-29 | $0.56 | $0.57 | BEAT | 2.1% |
| 2024-10-29 | $0.52 | $0.54 | BEAT | 3.0% |
| 2024-07-30 | $0.47 | $0.47 | MET | -0.1% |
| 2024-04-30 | $0.35 | $0.38 | BEAT | 8.4% |
All financial data sourced from:
Click any colored number or source label throughout the report to view its source.
This analysis is generated automatically using publicly available data and should not be considered as financial advice. All figures are sourced from Yahoo Finance and SEC EDGAR and may contain inaccuracies. Always verify data with primary sources (SEC filings, company IR) before making investment decisions.
Past performance does not guarantee future results. Investing involves risk, including the possible loss of principal.
Current: Trailing Twelve Months (TTM) | Data Source: SEC EDGAR
Levered FCF is cash that can't be faked. Unlike earnings which can be manipulated through accounting (depreciation schedules, revenue recognition, etc.), cash flow is simple: the money is either in the bank or it's not.
This metric shows how much actual cash the company generates after paying for:
A company with strong Levered FCF can pay dividends, buy back shares, pay down debt, or invest in growth - all from real cash, not accounting profits.
Customers and suppliers report earnings BEFORE the company you're analyzing. Their results give you early signals about demand and supply chain health.
Customer Example: If Microsoft (AMD customer) beats revenue estimates by 20%, it likely means they bought more chips than analysts expected. This is bullish for AMD's upcoming earnings.
Supplier Example: If TSMC (AMD supplier) reports strong demand from AMD, that confirms AMD's production is ramping up.
By the time AMD reports, you already have data points from 5+ related companies. Smart analysts piece these together to predict earnings before they're announced.
Not all revenue is equal. Different business segments have different growth rates and profit margins.
For example, AMD's Data Center segment has ~40% margins while Gaming might be ~15%. A shift toward Data Center means higher overall profitability even if total revenue stays flat.
Watch for: