PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
Corning Incorporated (GLW)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Company Info

ISIN

US2193501051

CUSIP

219350105

Sector

Technology

IPO Date

Dec 31, 1981

Highlights

Market Cap

$40.54B

EPS (TTM)

$0.19

PE Ratio

249.21

PEG Ratio

0.61

Total Revenue (TTM)

$12.61B

Gross Profit (TTM)

$3.95B

EBITDA (TTM)

$2.32B

Year Range

$26.78 - $50.73

Target Price

$52.28

Short %

1.17%

Short Ratio

2.10

Share Price Chart


Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
GLW vs. APH GLW vs. COMM GLW vs. TROW GLW vs. BERY GLW vs. BDC GLW vs. SPY GLW vs. IBM GLW vs. CSCO GLW vs. ADP GLW vs. VOO
Popular comparisons:
GLW vs. APH GLW vs. COMM GLW vs. TROW GLW vs. BERY GLW vs. BDC GLW vs. SPY GLW vs. IBM GLW vs. CSCO GLW vs. ADP GLW vs. VOO

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Corning Incorporated, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
34.57%
12.14%
GLW (Corning Incorporated)
Benchmark (^GSPC)

Returns By Period

Corning Incorporated had a return of 61.73% year-to-date (YTD) and 74.88% in the last 12 months. Over the past 10 years, Corning Incorporated had an annualized return of 11.61%, while the S&P 500 benchmark had an annualized return of 11.16%, indicating that Corning Incorporated performed slightly bigger than the benchmark.


GLW

YTD

61.73%

1M

1.73%

6M

35.16%

1Y

74.88%

5Y (annualized)

13.91%

10Y (annualized)

11.61%

^GSPC (Benchmark)

YTD

24.72%

1M

1.67%

6M

12.93%

1Y

30.55%

5Y (annualized)

13.88%

10Y (annualized)

11.16%

Monthly Returns

The table below presents the monthly returns of GLW, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20246.70%0.10%2.23%1.27%12.48%4.27%2.99%5.30%7.89%5.40%61.73%
20238.36%-1.10%3.92%-5.84%-6.41%13.73%-3.14%-2.47%-7.16%-12.18%7.50%6.88%-1.22%
202212.92%-3.26%-8.64%-4.66%2.58%-12.03%16.66%-5.90%-15.44%10.85%6.96%-6.42%-11.56%
2021-0.36%7.27%13.78%1.61%-0.77%-6.26%2.35%-3.90%-8.75%-2.52%4.93%0.38%5.92%
2020-8.31%-9.82%-13.91%7.16%4.53%13.65%19.69%5.42%-0.15%-1.36%17.77%-3.79%27.57%
201910.10%5.26%-4.91%-3.78%-8.83%15.22%-7.46%-8.76%2.41%3.89%-1.32%0.24%-1.02%
2018-2.41%-6.29%-4.13%-3.08%1.24%1.25%20.61%1.54%5.34%-9.49%1.42%-6.24%-3.28%
20179.15%4.82%-2.21%6.85%1.40%3.26%-3.03%-0.77%4.03%4.65%3.96%-1.23%34.63%
20161.81%-0.95%14.15%-10.63%12.65%-1.96%8.50%2.73%4.23%-3.97%6.42%1.00%36.23%
20153.66%3.15%-7.05%-7.72%0.52%-5.69%-5.32%-7.19%-0.52%8.64%1.35%-2.40%-18.32%
2014-3.42%12.55%8.04%0.43%2.34%3.05%-10.48%6.67%-7.29%5.64%3.39%9.09%31.21%
2013-4.91%5.86%5.71%8.78%6.68%-7.42%6.75%-6.92%3.92%17.13%0.54%4.33%45.03%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of GLW is 92, placing it in the top 8% of stocks on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of GLW is 9292
Combined Rank
The Sharpe Ratio Rank of GLW is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of GLW is 9696
Sortino Ratio Rank
The Omega Ratio Rank of GLW is 9595
Omega Ratio Rank
The Calmar Ratio Rank of GLW is 7979
Calmar Ratio Rank
The Martin Ratio Rank of GLW is 9494
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Corning Incorporated (GLW) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for GLW, currently valued at 2.83, compared to the broader market-4.00-2.000.002.004.002.832.54
The chart of Sortino ratio for GLW, currently valued at 3.97, compared to the broader market-4.00-2.000.002.004.003.973.40
The chart of Omega ratio for GLW, currently valued at 1.53, compared to the broader market0.501.001.502.001.531.47
The chart of Calmar ratio for GLW, currently valued at 1.17, compared to the broader market0.002.004.006.001.173.66
The chart of Martin ratio for GLW, currently valued at 14.39, compared to the broader market0.0010.0020.0030.0014.3916.26
GLW
^GSPC

The current Corning Incorporated Sharpe ratio is 2.83. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Corning Incorporated with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.83
2.54
GLW (Corning Incorporated)
Benchmark (^GSPC)

Dividends

Dividend History

Corning Incorporated provided a 2.34% dividend yield over the last twelve months, with an annual payout of $1.12 per share. The company has been increasing its dividends for 16 consecutive years.


2.00%2.50%3.00%3.50%$0.00$0.20$0.40$0.60$0.80$1.00$1.2020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$1.12$1.12$1.08$0.96$0.88$0.80$0.72$0.62$0.54$0.48$0.40$0.39

Dividend yield

2.34%3.68%3.38%2.58%2.44%2.75%2.38%1.94%2.22%2.63%1.74%2.19%

Monthly Dividends

The table displays the monthly dividend distributions for Corning Incorporated. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.28$0.00$0.00$0.28$0.00$0.00$0.28$0.00$0.00$0.28$1.12
2023$0.00$0.28$0.00$0.00$0.28$0.00$0.00$0.28$0.00$0.00$0.28$0.00$1.12
2022$0.00$0.27$0.00$0.00$0.27$0.00$0.00$0.27$0.00$0.00$0.27$0.00$1.08
2021$0.00$0.24$0.00$0.00$0.24$0.00$0.00$0.24$0.00$0.00$0.24$0.00$0.96
2020$0.00$0.22$0.00$0.00$0.22$0.00$0.00$0.22$0.00$0.00$0.22$0.00$0.88
2019$0.00$0.20$0.00$0.00$0.20$0.00$0.00$0.20$0.00$0.00$0.20$0.00$0.80
2018$0.00$0.18$0.00$0.00$0.18$0.00$0.00$0.18$0.00$0.00$0.18$0.00$0.72
2017$0.00$0.16$0.00$0.00$0.16$0.00$0.00$0.16$0.00$0.00$0.16$0.00$0.62
2016$0.00$0.14$0.00$0.00$0.14$0.00$0.00$0.14$0.00$0.00$0.14$0.00$0.54
2015$0.00$0.12$0.00$0.00$0.12$0.00$0.00$0.12$0.00$0.00$0.12$0.00$0.48
2014$0.00$0.10$0.00$0.00$0.10$0.00$0.00$0.10$0.00$0.00$0.10$0.00$0.40
2013$0.09$0.00$0.00$0.10$0.00$0.00$0.10$0.00$0.00$0.10$0.00$0.39

Dividend Yield & Payout


Dividend Yield
5.0%10.0%15.0%2.3%
Corning Incorporated has a dividend yield of 2.34%, which is quite average when compared to the overall market.
Payout Ratio
200.0%400.0%600.0%800.0%62.9%
Corning Incorporated has a payout ratio of 62.92%, which is quite average when compared to the overall market. This suggests that Corning Incorporated strikes a balance between reinvesting profits for growth and paying dividends to shareholders.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-36.54%
-0.88%
GLW (Corning Incorporated)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Corning Incorporated. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Corning Incorporated was 99.02%, occurring on Oct 8, 2002. The portfolio has not yet recovered.

The current Corning Incorporated drawdown is 36.54%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-99.02%Sep 5, 2000524Oct 8, 2002
-62.98%Aug 7, 1997271Sep 2, 1998153Apr 14, 1999424
-40.62%Dec 24, 1991462Oct 20, 1993650May 16, 19961112
-34.53%Mar 24, 200016Apr 14, 200039Jun 12, 200055
-29.7%May 23, 199080Sep 14, 199095Jan 30, 1991175

Volatility

Volatility Chart

The current Corning Incorporated volatility is 7.70%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
7.70%
3.96%
GLW (Corning Incorporated)
Benchmark (^GSPC)

Financials

Financial Performance

The chart below illustrates the trends in the financial health of Corning Incorporated over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

Annual
Quarterly

0.0

Valuation

The Valuation section provides an assessment of the market value of Corning Incorporated compared to its peers in the Electronic Components industry.


PE Ratio
100.0200.0300.0249.2
The chart displays the price to earnings (P/E) ratio for GLW in comparison to other companies of the Electronic Components industry. Currently, GLW has a PE value of 249.2. This PE ratio is much higher than those of other companies of the industry. This might be an indicator of the company being overvalued.
PEG Ratio
0.02.04.06.08.00.6
The chart displays the price to earnings to growth (PEG) ratio for GLW in comparison to other companies of the Electronic Components industry. Currently, GLW has a PEG value of 0.6. This PEG ratio falls in the average range for the industry.

Historical P/E Ratio Chart

The chart below displays the historical trend of the price-to-earnings (P/E) ratio for Corning Incorporated.


Loading data...

Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items