Corning Incorporated

Corning Incorporated

GLWยทNYSE

$200.77

+0.18%
TechnologyHardware, Equipment & Parts

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.

At a Glance

Live Snapshot
Market Cap$172.79B
EPS1.8600
P/E Ratio107.94
Earnings Date08/04/2026
Corning Incorporated

Corning Incorporated Fair Value Envelope

GLW ยท NYSE

Our analysis suggests that GLW has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $200.77, this represents a potential HIDDEN relative to our calculated worth for Corning Incorporated.

Intrinsic Value
Current Price: $200.77

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$965.8B
+ Cash & Equivalents$1.5B
Firm Value$967.3B
- Debt$10.2B
Equity Value$957.1B
/ Shares Outstanding857,360,396B
DCF Value$1.1K
UNDERVALUED BY 456%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$3.9B
$5.7B
$8.2B
$11.9B
$17.3B
$25.1B
$36.4B
$52.9B
$76.7B
$111.3B
Maintenance CapEx
-$372.0M
-$539.6M
-$782.8M
-$1.1B
-$1.6B
-$2.4B
-$3.5B
-$5.0B
-$7.3B
-$10.6B
Owner Earnings
$3.5B
$5.1B
$7.4B
$10.8B
$15.7B
$22.7B
$33.0B
$47.8B
$69.4B
$100.7B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$3.3B
$4.4B
$5.9B
$7.9B
$10.7B
$14.3B
$19.2B
$25.8B
$34.7B
$46.6B
Terminal Value represents 82.1% of Enterprise Value