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Corning Incorporated (GLW)

Equity · Currency in USD · Last updated Dec 2, 2023
SummaryFinancials

Company Info

ISINUS2193501051
CUSIP219350105
SectorTechnology
IndustryElectronic Components

Highlights

Market Cap$24.61B
EPS$0.68
PE Ratio42.41
PEG Ratio1.23
Revenue (TTM)$13.00B
Gross Profit (TTM)$4.84B
EBITDA (TTM)$2.70B
Year Range$25.02 - $35.81
Target Price$32.50
Short %0.88%
Short Ratio1.74

Share Price Chart


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Performance

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.


900.00%1,000.00%1,100.00%1,200.00%1,300.00%1,400.00%JulyAugustSeptemberOctoberNovemberDecember
991.14%
1,386.36%
GLW (Corning Incorporated)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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Corning Incorporated

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Return

Corning Incorporated had a return of -6.44% year-to-date (YTD) and -12.73% in the last 12 months. Over the past 10 years, Corning Incorporated had an annualized return of 8.38%, while the S&P 500 had an annualized return of 9.87%, indicating that Corning Incorporated did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date-6.44%19.67%
1 month9.23%8.42%
6 months-6.79%7.29%
1 year-12.73%12.71%
5 years (annualized)0.74%10.75%
10 years (annualized)8.38%9.87%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2023-6.41%13.73%-3.14%-2.47%-7.16%-12.18%7.50%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for Corning Incorporated (GLW) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
GLW
Corning Incorporated
-0.55
^GSPC
S&P 500
0.91

Sharpe Ratio

The current Corning Incorporated Sharpe ratio is -0.55. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.


Rolling 12-month Sharpe Ratio-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
-0.55
0.91
GLW (Corning Incorporated)
Benchmark (^GSPC)

Dividend History

Corning Incorporated granted a 3.88% dividend yield in the last twelve months. The annual payout for that period amounted to $1.12 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$1.12$1.08$0.96$0.88$0.80$0.72$0.62$0.54$0.48$0.40$0.39$0.32

Dividend yield

3.88%3.38%2.58%2.44%2.75%2.38%1.94%2.22%2.63%1.74%2.19%2.50%

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.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.28$0.00$0.00$0.28$0.00$0.00$0.28$0.00$0.00$0.28
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
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
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
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
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
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
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
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
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
2013$0.00$0.09$0.00$0.00$0.10$0.00$0.00$0.10$0.00$0.00$0.10$0.00
2012$0.08$0.00$0.00$0.08$0.00$0.00$0.08$0.00$0.00$0.09$0.00

Dividend Yield & Payout


Dividend Yield
GLW
3.88%
Market bottom
1.03%
Market top
5.13%
Corning Incorporated has a dividend yield of 3.88%, which is quite average when compared to the overall market.
Payout Ratio
GLW
62.92%
Market bottom
17.94%
Market top
59.26%
Corning Incorporated has a payout ratio of 62.92%, which is above the market average. This might signify the company's strong earnings or financial health. However, it could also hint at a more mature business phase with potentially slower growth.

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-62.83%
-4.21%
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.


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 Chart

The current Corning Incorporated volatility is 5.57%, 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.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
5.57%
2.79%
GLW (Corning Incorporated)
Benchmark (^GSPC)

Portfolios with Corning Incorporated


Portfolio NameYTD Return10Y ReturnDiv. Yield10Y VolatilityMax. DrawdownExpense RatioSharpe RatioSortino ratioOmega ratioCalmar ratioUlcer Index
Tech Stocks Dividend Portfolio26.64%15.73%2.47%21.50%-77.75%0.00%0.99