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Market Price

28.11 

0.22 0.8%

as of Aug 22 '19

52 Week Range:

26.98 36.56


Stock Analyzer Tutorials

S2O Stock Analyzer - General Info

General Info


type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

S2O Stock Analyzer - Financial Statements

Financial Statements


type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

S2O Stock Analyzer - Growth Grade and Financial Ratios

Growth Grade and Financial Ratios


type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

S2O Stock Analyzer - Value Price

Value Price


type: video (mp4); length: 6:03

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

S2O Stock Analyzer - Price Charts

Price Charts


type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment manufactures glass substrates for organic light-emitting diodes and liquid crystal displays used in televisions, notebook computers, and flat panel desktop monitors. Its Optical Communications segment manufactures 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 for various carrier network applications. This segment also offers subscriber demarcation, connection and protection devices, various digital subscriber line passive solutions, and outside plant enclosures; and coaxial RF interconnects for the cable television industry and microwave applications. The company's Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, and fluoride crystals. The company's Life Sciences segment develops, manufactures, and supplies laboratory products comprising consumables, such as plastic vessels, specialty surfaces, cell culture media, and serum, as well as general labware and equipment for cell culture research, bioprocessing, genomics, drug discovery, microbiology, and chemistry. This segment sells its products 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.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement



 

Cash Flow Statement



 

Balance Sheet



 

Liquidity Ratios

Current Ratio


 

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio


 

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage


 

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA


 

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE


 

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC


 

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Equity (BVPS) 8.65
10.01
12.41
14.28
14.62
15.55
15.29
15.66
16.65
19.19
14.71
growth rate 15.7% 24.0% 15.1% 2.4% 6.4% -1.7% 2.4% 6.3% 15.3% -23.4%
Earnings BIT 1,520.00
1,930.00
3,850.00
3,210.00
2,120.00
2,470.00
1,846.00
1,333.00
1,445.00
1,608.00
1,593.00
growth rate 27.0% 99.5% -16.6% -34.0% 16.5% -25.3% -27.8% 8.4% 11.3% -0.9%
Avg.PE 2.87
15.08
8.58
7.33
11.00
13.28
14.41
18.61
8.27
13.52
29.21
growth rate 425.4% -43.1% -14.6% 50.1% 20.7% 8.5% 29.2% -55.6% 63.5% 116.1%
ROA 30.50
9.90
15.10
10.45
6.04
6.78
8.12
4.23
12.74
-2.15
3.52
growth rate -67.5% 52.5% -30.8% -42.2% 12.3% 19.8% -47.9% 201.2% -100.0% 100.0%
ROE 45.83
13.86
20.38
13.87
8.12
9.20
11.76
6.94
22.42
-4.10
7.78
growth rate -69.8% 47.0% -31.9% -41.5% 13.3% 27.8% -41.0% 223.1% -100.0% 100.0%
ROIC 40.18
12.69
18.60
12.69
7.47
8.30
10.41
6.20
18.41
-3.30
5.98
growth rate -68.4% 46.6% -31.8% -41.1% 11.1% 25.4% -40.4% 196.9% -100.0% 100.0%
Cur. Ratio 2.25
3.59
4.46
4.14
4.96
5.09
4.41
2.94
3.29
2.75
2.12
growth rate 59.6% 24.2% -7.2% 19.8% 2.6% -13.4% -33.3% 11.9% -16.4% -22.9%
Quick Ratio 1.62
2.82
3.69
3.29
3.81
3.72
3.26
2.12
2.46
1.91
1.30
growth rate 74.1% 30.9% -10.8% 15.8% -2.4% -12.4% -35.0% 16.0% -22.4% -31.9%
Leverage 1.43
1.37
1.33
1.32
1.37
1.35
1.56
1.73
1.79
2.05
2.39
growth rate -4.2% -2.9% -0.8% 3.8% -1.5% 15.6% 10.9% 3.5% 14.5% 16.6%
Balance Sheet Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Acct.Receivable 512.00
753.00
973.00
1,530.00
1,881.00
1,531.00
1,501.00
1,372.00
1,481.00
1,807.00
1,940.00
growth rate 47.1% 29.2% 57.3% 22.9% -18.6% -2.0% -8.6% 7.9% 22.0% 7.4%
Acct.Payable 2,070.00
1,880.00
1,725.00
997.00
934.00
1,079.00
1,439.00
1,456.00
growth rate -9.2% -8.2% -42.2% -6.3% 15.5% 33.4% 1.2%
Cur.Assets 4,619.00
5,521.00
8,859.00
8,677.00
9,695.00
8,891.00
10,238.00
8,269.00
9,048.00
8,827.00
7,034.00
growth rate 19.5% 60.5% -2.1% 11.7% -8.3% 15.2% -19.2% 9.4% -2.4% -20.3%
Total Assets 19,256.00
21,295.00
25,833.00
27,848.00
29,375.00
28,478.00
30,063.00
28,527.00
27,899.00
27,494.00
27,505.00
growth rate 10.6% 21.3% 7.8% 5.5% -3.1% 5.6% -5.1% -2.2% -1.5% 0.0%
Cash 1,873.00
2,541.00
4,598.00
4,661.00
4,988.00
4,704.00
5,309.00
4,500.00
5,291.00
4,317.00
2,355.00
growth rate 35.7% 81.0% 1.4% 7.0% -5.7% 12.9% -15.2% 17.6% -18.4% -45.5%
Inventory 798.00
579.00
738.00
975.00
1,051.00
1,270.00
1,322.00
1,385.00
1,471.00
1,712.00
2,037.00
growth rate -27.4% 27.5% 32.1% 7.8% 20.8% 4.1% 4.8% 6.2% 16.4% 19.0%
Cur.Liabilities 2,052.00
1,539.00
1,986.00
2,097.00
1,956.00
1,746.00
2,324.00
2,814.00
2,751.00
3,209.00
3,311.00
growth rate -25.0% 29.0% 5.6% -6.7% -10.7% 33.1% 21.1% -2.2% 16.7% 3.2%
Liabilities 5,813.00
5,752.00
6,458.00
6,770.00
7,889.00
7,316.00
8,411.00
9,664.00
9,939.00
11,724.00
13,619.00
growth rate -1.1% 12.3% 4.8% 16.5% -7.3% 15.0% 14.9% 2.9% 18.0% 16.2%
LT Debt 1,527.00
1,930.00
2,262.00
2,364.00
3,382.00
3,272.00
3,242.00
3,894.00
3,651.00
4,757.00
5,994.00
growth rate 26.4% 17.2% 4.5% 43.1% -3.3% -0.9% 20.1% -6.2% 30.3% 26.0%
Equity 13,443.00
15,543.00
19,375.00
21,078.00
21,486.00
21,162.00
19,279.00
16,488.00
15,593.00
13,398.00
11,492.00
growth rate 15.6% 24.7% 8.8% 1.9% -1.5% -8.9% -14.5% -5.4% -14.1% -14.2%
Common Shares 1,584.00
1,568.00
1,581.00
1,583.00
1,506.00
1,462.00
1,427.00
840.00
846.00
854.00
857.00
growth rate -1.0% 0.8% 0.1% -4.9% -2.9% -2.4% -41.1% 0.7% 1.0% 0.4%
Cash Flow Statement Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Capital Expenditures -19.00
-21.00
-1.00
2,432.00
1,801.00
1,019.00
1,076.00
1,250.00
1,130.00
1,804.00
2,310.00
growth rate 0.0% 0.0% 100.0% -26.0% -43.4% 5.6% 16.2% -9.6% 59.7% 28.1%
Cash Dividends 313.00
312.00
313.00
354.00
472.00
566.00
591.00
679.00
645.00
651.00
685.00
growth rate -0.3% 0.3% 13.1% 33.3% 19.9% 4.4% 14.9% -5.0% 0.9% 5.2%
Cash From OA 2,128.00
2,077.00
3,835.00
3,189.00
3,206.00
2,787.00
4,709.00
2,829.00
2,537.00
2,004.00
2,919.00
growth rate -2.4% 84.6% -16.8% 0.5% -13.1% 69.0% -39.9% -10.3% -21.0% 45.7%
FCF per Share 0.13
0.76
1.79
1.25
0.93
1.04
2.65
1.22
0.78
0.93
0.74
growth rate 484.6% 135.5% -30.2% -25.6% 11.8% 154.8% -54.0% -36.1% 19.2% -20.4%
Sale Purchase of Stock -690.00
-682.00
-1,478.00
116.00
102.00
138.00
309.00
growth rate 0.0% 0.0% 100.0% -12.1% 35.3% 123.9%
FCF 207.00
1,187.00
2,828.00
757.00
1,405.00
1,768.00
3,633.00
1,559.00
1,391.00
200.00
609.00
growth rate 473.4% 138.3% -73.2% 85.6% 25.8% 105.5% -57.1% -10.8% -85.6% 204.5%
Income Statement Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Sales 5,948.00
5,395.00
6,632.00
7,890.00
8,012.00
7,819.00
9,715.00
9,111.00
9,390.00
10,116.00
11,290.00
growth rate -9.3% 22.9% 19.0% 1.6% -2.4% 24.3% -6.2% 3.1% 7.7% 11.6%
Op.Income 1,520.00
391.00
1,801.00
4,288.00
2,446.00
2,508.00
1,846.00
1,333.00
1,445.00
1,608.00
1,593.00
growth rate -74.3% 360.6% 138.1% -43.0% 2.5% -26.4% -27.8% 8.4% 11.3% -0.9%
IBT 1,523.00
1,934.00
3,845.00
3,231.00
1,975.00
2,473.00
3,568.00
1,486.00
3,692.00
1,657.00
1,503.00
growth rate 27.0% 98.8% -16.0% -38.9% 25.2% 44.3% -58.4% 148.5% -55.1% -9.3%
Net Income 5,257.00
2,008.00
3,558.00
4,288.00
2,446.00
2,508.00
2,472.00
1,339.00
3,695.00
-497.00
1,066.00
growth rate -61.8% 77.2% 20.5% -43.0% 2.5% -1.4% -45.8% 176.0% -100.0% 100.0%
EPS 3.32
1.28
2.25
1.78
1.09
1.34
1.73
1.00
3.23
-0.66
1.13
growth rate -61.5% 75.8% -20.9% -38.8% 22.9% 29.1% -42.2% 223.0% -100.0% 100.0%
Gross Profit 2,738.00
2,093.00
3,049.00
3,576.00
3,319.00
3,324.00
4,052.00
3,653.00
3,763.00
4,020.00
4,461.00
growth rate -23.6% 45.7% 17.3% -7.2% 0.2% 21.9% -9.9% 3.0% 6.8% 11.0%
R&D 627.00
563.00
603.00
668.00
769.00
710.00
815.00
769.00
736.00
864.00
993.00
growth rate -10.2% 7.1% 10.8% 15.1% -7.7% 14.8% -5.6% -4.3% 17.4% 14.9%

Quarterly Statements

Item Name Jun '18 Sep '18 Dec '18 Mar '19 Jun '19
Earnings BIT 395.00
531.00
441.00
419.00
351.00
growth rate 34.4% -17.0% -5.0% -16.2%
Balance Sheet Jun '18 Sep '18 Dec '18 Mar '19 Jun '19
Acct.Receivable 1,842.00
1,973.00
1,940.00
1,974.00
2,103.00
growth rate 7.1% -1.7% 1.8% 6.5%
Acct.Payable 1,111.00
1,092.00
1,456.00
1,278.00
1,297.00
growth rate -1.7% 33.3% -12.2% 1.5%
Cur.Assets 6,484.00
6,632.00
7,034.00
6,349.00
6,311.00
growth rate 2.3% 6.1% -9.7% -0.6%
Total Assets 26,140.00
26,392.00
27,505.00
27,321.00
27,575.00
growth rate 1.0% 4.2% -0.7% 0.9%
Cash 2,023.00
1,903.00
2,355.00
1,456.00
1,178.00
growth rate -5.9% 23.8% -38.2% -19.1%
Inventory 1,896.00
1,921.00
2,037.00
2,190.00
2,291.00
growth rate 1.3% 6.0% 7.5% 4.6%
Cur.Liabilities 2,908.00
3,112.00
3,311.00
3,059.00
3,416.00
growth rate 7.0% 6.4% -7.6% 11.7%
Liabilities 12,189.00
12,414.00
13,619.00
13,615.00
14,054.00
growth rate 1.9% 9.7% 0.0% 3.2%
LT Debt 5,107.00
5,064.00
5,994.00
5,844.00
5,890.00
growth rate -0.8% 18.4% -2.5% 0.8%
Equity 11,577.00
11,590.00
11,492.00
11,307.00
11,125.00
growth rate 0.1% -0.9% -1.6% -1.6%
Common Shares 855.00
856.00
857.00
857.00
858.00
growth rate 0.1% 0.1% 0.0% 0.1%
Cash Flow Statement Jun '18 Sep '18 Dec '18 Mar '19 Jun '19
Capital Expenditures 522.00
515.00
618.00
524.00
570.00
growth rate -1.3% 20.0% -15.2% 8.8%
Cash Dividends 171.00
169.00
168.00
181.00
growth rate -1.2% -0.6% 7.7%
Cash From OA 715.00
943.00
941.00
-29.00
153.00
growth rate 31.9% -0.2% -100.0% 100.0%
Sale Purchase of Stock 22.00
growth rate
FCF 193.00
428.00
323.00
-553.00
-417.00
growth rate 121.8% -24.5% -100.0% 0.0%
Income Statement Jun '18 Sep '18 Dec '18 Mar '19 Jun '19
Sales 2,747.00
3,008.00
3,035.00
2,812.00
2,940.00
growth rate 9.5% 0.9% -7.4% 4.6%
Op.Income 395.00
531.00
441.00
419.00
351.00
growth rate 34.4% -17.0% -5.0% -16.2%
IBT 864.00
758.00
346.00
575.00
216.00
growth rate -12.3% -54.4% 66.2% -62.4%
Net Income 738.00
625.00
292.00
499.00
92.00
growth rate -15.3% -53.3% 70.9% -81.6%
EPS
growth rate
Gross Profit 1,072.00
1,232.00
1,202.00
1,099.00
1,065.00
growth rate 14.9% -2.4% -8.6% -3.1%
R&D 243.00
244.00
265.00
249.00
249.00
growth rate 0.4% 8.6% -6.0% 0.0%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

F (0.00)

YOY Growth Grade:

F (16.19)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Profitability Ratios

Liquidity Ratios

Efficiency Ratios

Value Price

PE and EPS

Historical Current Forward
PE 14.06 12.35 14.35
EPS / Growth 7.2% 2.28 9.6%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 1.0%

Estimates Pessimistic Moderate Optimistic My Numbers
Rate of Return 15.0%
MOS Price % 50 %
Future EPS Growth 1.0% 5.9% 5.9%
Future PE 2.00 13.42 13.42
Future EPS 2.51 4.05 4.05
Value Price
MOS %
1.24
-95.6%
13.41
-52.3%
13.41
-52.3%
MOS Price 0.62 6.71 6.71
IRT 11.59 9.12 9.12

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Price Chart

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Risk / Reward Ratios

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