Company Valuation: Corning Incorporated

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 31,772 27,015 25,979 40,687 75,070 105,776 - -
Change - -14.97% -3.83% 56.61% 84.51% 40.9% - -
Enterprise Value (EV) 1 36,668 32,255 31,726 46,130 81,978 112,051 111,014 109,419
Change - -12.04% -1.64% 45.4% 77.71% 36.68% -0.93% -1.44%
P/E ratio 29.1x 20.7x 44.8x 81.9x 47.8x 45.7x 34.4x 27.4x
PBR 2.51x 2.19x 2.24x 3.62x 6.46x 7.92x 6.89x 5.85x
PEG - 1x -0.8x -5.6x 0x 1x 1.1x 1.1x
Capitalization / Revenue 2.25x 1.82x 1.91x 2.81x 4.58x 5.67x 5.01x 4.39x
EV / Revenue 2.6x 2.18x 2.34x 3.19x 5x 6x 5.26x 4.54x
EV / EBITDA 9.61x 8.18x 9.09x 12.3x 18.6x 21.7x 18.2x 15.3x
EV / EBIT 14.9x 13x 14.1x 18.2x 25.9x 28.5x 23.1x 18.7x
EV / FCF 20.4x 31.9x 36.1x 36.8x 47.7x 59x 47.2x 33.8x
FCF Yield 4.91% 3.13% 2.77% 2.72% 2.09% 1.69% 2.12% 2.95%
Dividend per Share 2 0.96 - 1.12 1.12 - 1.191 1.256 1.412
Rate of return 2.58% - 3.68% 2.36% - 0.97% 1.02% 1.15%
EPS 2 1.28 1.54 0.68 0.58 1.83 2.699 3.582 4.505
Distribution rate 75% - 165% 193% - 44.1% 35.1% 31.3%
Net sales 1 14,120 14,805 13,580 14,469 16,408 18,668 21,096 24,119
EBITDA 1 3,814 3,942 3,490 3,759 4,397 5,175 6,103 7,174
EBIT 1 2,462 2,490 2,243 2,530 3,160 3,934 4,804 5,861
Net income 1 1,906 1,316 581 506 1,596 2,482 3,269 4,113
Net Debt 1 4,896 5,240 5,747 5,443 6,908 6,275 5,237 3,642
Reference price 2 37.23 31.94 30.45 47.52 87.56 123.29 123.29 123.29
Nbr of stocks (in thousands) 853,408 845,811 853,182 856,209 857,360 857,948 - -
Announcement Date 26/01/22 31/01/23 30/01/24 29/01/25 28/01/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
45.68x6x21.65x0.97% 106B
26.07x1.01x4.83x1.47% 23.32B
22.19x1.15x6.92x1.85% 14.29B
-528.64x0.78x6.45x2.73% 6.9B
16.5x5.2x13.72x3.4% 5.96B
9.12x0.5x2.65x-.--% 4.03B
38.11x0.58x5.44x2.18% 3.76B
50.29x - - 0.82% 3.36B
Average -40.09x 2.18x 8.81x 1.68% 20.92B
Weighted average by Cap. 15.28x 4.36x 16.21x 1.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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