Corning Inc. chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 17.12
Dividend & YieldN/A£ (N/A)
Beta 1.03
Market capitalization 255.35M
Operating cash flow 3.02B
ESG Scores 19.4

Company description

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.

Sector: - Industry:

Financial Ratios
Quick Ratio1.08
Working Capital0.67
Return On Equity0.15
Debt To Equity0.55
Fixed Asset Ratio0.05
Fixed Interest Cover7.64

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 345M 120M 331M 787M
Total Cashflows From Investing Activities -2.89B -1.89B -1.31B -1.42B
Net Borrowings 856M 1.53B 22M -838M
Total Cash From Financing Activities -2B -47M -729M -2.45B
Change To Operating Activities -20M -150M -37M -321M
Issuance Of Stock 81M 58M 124M 97M
Net Income 1.07B 960M 512M 1.91B
Change In Cash -1.96B 79M 238M -524M
Effect Of Exchange Rate 1M -14M 97M -65M
Total Cash From Operating Activities 2.92B 2.03B 2.18B 3.41B
Depreciation 1.29B 1.5B 1.52B 1.48B
Change To Account Receivables -154M 48M -274M -54M
Other Cashflows From Financing Activities -20M 63M 28M 2M
Change To Netincome 735M -152M -295M -284M
Capital Expenditures -2.31B -1.98B -1.38B -1.64B

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 987M 1B 907M 994M
Income Before Tax 1.5B 1.22B 623M 2.4B
Net Income 1.07B 960M 512M 1.91B
Selling General Administrative 1.87B 1.65B 1.59B 1.73B
Gross Profit 4.56B 4.42B 3.97B 5.14B
Ebit 1.6B 1.66B 1.36B 2.29B
Operating Income 1.6B 1.66B 1.36B 2.29B
Interest Expense -191M -221M -276M -300M
Income Tax Expense 437M 256M 111M 491M
Total Revenue 11.29B 11.5B 11.3B 14.08B
Cost Of Revenue 6.73B 7.08B 7.33B 8.94B
Total Other Income ExpenseNet -101M -444M -734M 104M
Net Income From Continuing Ops 1.07B 960M 512M 1.91B
Net Income Applicable To Common Shares 968M 862M 414M 1.08B

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 13.62B 15.9B 17.33B 17.61B
Total Stockholder Equity 11.49B 10.61B 10.96B 12.33B
Other Current Liabilities 392M 443M 783M 769M
Total Assets 27.5B 28.9B 30.77B 30.15B
Common Stock 857M 859M 863M 907M
Other Current Assets 702M 873M 761M 1.03B
Retained Earnings 16.3B 16.41B 16.12B 16.39B
Treasury Stock -19.88B -20.98B -20.67B -21.44B
Cash 2.35B 2.43B 2.67B 2.15B
Total Current Liabilities 3.31B 3.52B 3.77B 4.81B
Other Stockholder Equity -1.01B -1.17B -740M -1.18B
Property, Plant, and Equipment 14.89B 15.84B 16.42B 16.55B
Total Current Assets 7.03B 7.46B 8B 7.66B
Net Tangible Assets 8.26B 7.49B 7.19B 8.76B
Net Receivables 1.94B 1.84B 2.13B 2B
Accounts Payable 1.46B 1.59B 1.17B 1.61B


Insider Transactions

Here are the insider transactions of stock shares related to Corning Inc.:

Filer Name Transaction Text Ownership Date Filer Relation Shares
STEVERSON LEWIS ASale at price 37.29 per share.D2022-08-15Officer41.07k
STEVERSON LEWIS AConversion of Exercise of derivative security at price 19.65 - 33.92 per share.D2022-08-15Officer29.33k
BAYNE JOHN P JRSale at price 36.70 per share.I2022-08-01Officer5.58k
STEVERSON LEWIS AD2022-06-15Officer579
CAPPS CHERYL CSale at price 35.67 - 35.68 per share.D2022-06-02Officer8.72k
CAPPS CHERYL CConversion of Exercise of derivative security at price 19.65 per share.D2022-06-02Officer1.79k
FRANCE ROBERT P.Sale at price 34.41 per share.D2022-05-18Officer2.75k
BELL MICHAEL ALANSale at price 34.42 per share.D2022-05-18Officer2.72k
WEEKS WENDELL P.D2022-05-16Chief Executive Officer40.61k
MCRAE LAWRENCE DD2022-05-16Officer13.12k
MUSSER ERIC S.D2022-05-16President13.83k
STEVERSON LEWIS AD2022-05-16Officer10.5k
EVENSON JEFFREY WD2022-05-16Officer8.37k
MORSE DAVID LD2022-05-16Chief Technology Officer10.87k
CURRAN MARTIN JD2022-05-16Chief Technology Officer9.22k
SCHLESINGER EDWARD AD2022-05-16Chief Financial Officer4.37k
FRANCE ROBERT P.D2022-05-16Officer5.62k
MULLINS ANNED2022-05-16Chief Technology Officer6.41k
VERKLEEREN RONALD LD2022-05-16Officer3.44k
ZHANG JOHN ZD2022-05-16Officer5.47k
BAYNE JOHN P JRD2022-05-16Officer4.89k
BECKER STEFAND2022-05-16Officer4.14k
FANG LID2022-05-16Officer4.53k
BELL MICHAEL ALANSale at price 35.18 per share.D2022-05-16Officer3.08k
BELL MICHAEL ALANConversion of Exercise of derivative security at price 19.65 per share.D2022-05-16Officer7.97k
NELSON AVERY H IIID2022-05-16Officer4.66k
CAPPS CHERYL CD2022-05-16Officer4.52k
TRIPENY R TONYD2022-05-02Retired9.82k
FRANCE ROBERT P.Sale at price 35.03 per share.D2022-04-20Officer2.19k
BELL MICHAEL ALANSale at price 35.03 per share.D2022-04-20Officer3.35k
WEEKS WENDELL P.D2022-04-18Chief Executive Officer69.05k
MCRAE LAWRENCE DD2022-04-18Officer17.82k
MUSSER ERIC S.D2022-04-18President16.39k
TRIPENY R TONYD2022-04-18Officer16.39k
STEVERSON LEWIS AD2022-04-18Officer12.3k
EVENSON JEFFREY WD2022-04-18Officer10.74k
MORSE DAVID LD2022-04-18Chief Technology Officer16.75k
CURRAN MARTIN JD2022-04-18Officer13.55k
SCHLESINGER EDWARD AD2022-04-18Chief Financial Officer4.42k
FRANCE ROBERT P.D2022-04-18Officer4.27k
VERKLEEREN RONALD LD2022-04-18Officer4.05k
ZHANG JOHN ZD2022-04-18Officer6.26k
BAYNE JOHN P JRD2022-04-18Officer6.05k
BECKER STEFAND2022-04-18Officer4.42k
BELL MICHAEL ALAND2022-04-18Officer5.79k
NELSON AVERY H IIID2022-04-18Officer5.9k
CAPPS CHERYL CD2022-04-18Officer5.04k
BELL MICHAEL ALANSale at price 36.24 per share.D2022-04-01Officer12.53k
BELL MICHAEL ALANConversion of Exercise of derivative security at price 33.92 per share.D2022-04-01Officer12.53k
MORSE DAVID LSale at price 42.00 per share.I2022-02-18Chief Technology Officer47
MORSE DAVID LConversion of Exercise of derivative security at price 19.65 per share.I2022-02-18Chief Technology Officer37

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Corning Inc.. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Corning Inc.

Here is the result of two systematic investment strategies applied to Corning Inc.. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Corning Inc.

The following chart shows the equity curve of the two systematic investment strategies applied to Corning Inc.:

Corning Inc. automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 0% on the backtest period.

Performance at glance

Performance

0 %

Latent gain

0.0 £

Invested capital

0.0 £

Annualized return

0.0 %
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Momentum strategy results on Corning Inc.

This is the result of two momentum investment strategies applied to Corning Inc.. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Corning Inc.

The following chart shows all the entries opened by the momentum investment system on Corning Inc.:

Corning Inc. momentum entries
  • The first momentum investment strategy would give 2.17% of return on Corning Inc.. That represents 5.8£ of latent gain with 267.26£ of employed capital.
  • The second momentum investment strategy would give 0% of return on Corning Inc.. That represents 0.0£ of latent gain with 0.0£ of employed capital.
Performance at glance (1Q Momentum)

Performance

2.17 %

Latent gain

5.8 £

Invested capital

267.26 £

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

0 %

Latent gain

0.0 £

Invested capital

0.0 £

Annualized return

-0.0 %

Momentum equity curve on Corning Inc.

The following chart shows the equity curve of the two momentum strategies applied to Corning Inc.:

Corning Inc. momentum equity

Note: the dividends potentially given by Corning Inc. are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Corning Inc.

The following chart shows the employed capital evolution of the two momentum strategies on Corning Inc. since the beginning:

Corning Inc.

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250£, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000£.


Buy the dip strategy result on Corning Inc.

Buy the dip entry openings on Corning Inc.

Corning Inc.

The performance achieved by the robo-advisor on Corning Inc. is 0%. That represents 0.0$ of latent gain with 0.0£ of employed capital. The following chart shows Corning Inc. stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Corning Inc., and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 £

Invested capital

0.0 £

Annualized return

-0.0 %

Equity curve of the strategy applied to Corning Inc.

The following chart shows the result of the investment strategy applied to Corning Inc.:

Corning Inc.

Note: the dividends potentially given by Corning Inc. are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Corning Inc.

The following chart shows the employed capital evolution since the beginning of the investment strategy on Corning Inc.:

Corning Inc.

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Corning Inc.

In this section, I will compare the three previous investment strategies applied to Corning Inc..

Equity curve comparison on Corning Inc.

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Corning Inc. investment strategy comparison

Employed capital comparison on Corning Inc.

Corning Inc. investment comparison

Performance comparison on Corning Inc.

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 0% 0.0£ 0.0£ 0.0%
Momentum 1 quarter 2.17% 5.8£ 267.26£ 36.17%
Momentum 2 quarters 0% 0.0£ 0.0£ -0.0%
Non-directional 0% 0.0£ 0.0£ -0.0%
Annualized return comparison

Automatic investment

0.0 %

Momentum 1Q

-0.0 %

Momentum 2Q

-0.0 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Corning Inc.:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Corning Inc. and the other stocks. There may be false positives or some missing correlated stocks. If the price of Corning Inc. does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Corning Inc.
Country United States
City Corning
Address One Riverfront Plaza
Phone 607 974 9000
Website www.corning.com
FullTime employees 61200
Industry
Sector
Exchange XLON
Ticker 0R2X.XLON
Market www.londonstockexchange.com

Corning Inc. ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 7.3
Peer Environment Performance 3.0937037037037
Environment Percentile unknown
Palm Oil no
Nuclear no
Fur Leather no
GMO no
Coal no
Pesticides no
Animal Testing no

Social scores

Social ESG Factors Scores
Social Score 5.2
Peer Social Performance 6.082037037037
Social Percentile unknown
Highest Controversy 2
Peer Highest Controversy Performance 1.5454545454545
Adult no
Gambling no
Alcoholic no
Tobacco no
Catholic yes
Controversial Weapons no
Small Arms no
Military Contract no
Peer Count yes

Related Controversy: Customer Incidents


Governance scores

Governance ESG Factors Scores
Governance Score 6.9
Peer Governance Performance 7.1781481481481
Governance Percentile unknown

ESG at glance
Total ESG Scores: 19.4
Environment Score: 7.3
Social Score: 5.2
Governance Score: 6.9

ESG Performance: UNDER_PERF

Peer Group: Technology Hardware

Peer Esg Score Performance: 16.164727272727

Rating Year: 2022

Rating Month: 8

Max Age: 86400

Percentile: 24