GLW

Corning IncorporatedTechnology / Electronic ComponentsINTACT

Corning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. 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, as well as technical glass and optic products and solutions for the interior and exterior of vehicles. Additionally, it offers laboratory products, including plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Falcon, PYREX, and Axygen brands. It also offers polysilicon products and pharmaceutical glass tubing and vials. 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.

Share Price
$166.40
52W: $75.77 - $271.78
DCF Fair Value
$10.02
-1560.7% Premium
P/E (TTM)
76.7x
ROIC
11.7%
Operating Margin
15.6%
FCF Yield
0.5%
Debt / Equity
0.71x
Piotroski Score
7/9
Altman Z-Score
2.97
Market Cap
$143B

Price vs. Intrinsic Value Corridor

Overvalued vs DCF ($10.02)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)
()
Period Range
$ - $
DCF Fair Value
$10.02
MOS Buy Target (-25%)
$7.52
Valuation Overlays:

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price
$166.40
DCF Fair Value
$9.98
-1566.8% Premium
$734M
$100M$734M (Reported)$50,000M
7.8%
-5%10% (Target)35%
4.5%
0%5%20%
9.0%
6%9% (Standard)15% (High Risk)
2.5%
1% (GDP Floor)2.5% (Inflation)4.0%
$6,900M
-$100B CashBalance Sheet+$150B Debt
10-Yr PV of Cash Flows
$6.6B
PV of Terminal Value
$8.9B
Implied Enterprise Value
$15.5B
Implied Equity Value
$8.6B
YearYr 1Yr 2Yr 3Yr 4Yr 5Yr 6Yr 7Yr 8Yr 9Yr 10
Projected FCF ($M)$791$853$920$991$1,069$1,117$1,167$1,219$1,274$1,332
Present Value (PV)$726$718$710$702$694$666$638$612$587$562

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-539.8% Premium
$26.01

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $2.17BVPS: $13.86
Revised Graham Formula-314.1% Premium
$40.18

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Buffett Owner Earnings0.5% Yield
$0.81 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $0.7BYield: 0.5%

Reverse DCF: Market Growth Expectation

SPECULATIVE BARRIER
36.7% CAGR (Next 10 Yrs)

At the current price of $166.40, the market is assuming the business will compound Free Cash Flow at 36.7% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict
⚠ High expectations: Leaves minimal margin of safety for operational hiccups.
Autonomous Thesis Underwriting

Surveil GLW with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for Corning Incorporated. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 15.6% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

Frequently Asked Questions: Corning Incorporated (GLW) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for Corning Incorporated.

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, Corning Incorporated has an estimated DCF intrinsic fair value of $10.02 per share compared to its current market price of $166.40. This represents an estimated 1560.7% premium over fair value. Additionally, its classic Benjamin Graham Number stands at $26.02.

Related Technology Value Stocks & Sector Peers

Compare Corning Incorporated with audited intrinsic valuation models across the Technology sector.

View All S&P 500 Stocks