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Is Corning Inc.(NYSE: GLW), a large market cap stock a smart buy?

With a market cap of has a large market cap size. Corning Inc. (NYSE: GLW) has been on the stock market since its IPO date on the 12/31/1981. Corning Inc. is in the Diversified Electronics industry and Technology sector. Average volume for Corning Inc., is 9124.97, and so far today it has a volume of 4313200. Performance year to date since the 12/31/1981 is 16.45%.

To help you determine whether Corning Inc. is undervalued the following values will help you decide. P/E is 62.28 and forward P/E is 13.43. PEG perhaps more useful shows that Corning Inc. has a value for PEG of 4.68. P/S ratio is 2.6 and the P/B ratio is 1.48. The P/Cash and P/Free cash flow is *TBA and 88.03 respectively.

At the current price Corning Inc. is trading at, 20.99 (0.38% today), Corning Inc. has a dividend yield of 2.57%, and this is covered by a payout ratio of 140.90%. Earnings per share (EPS) is 0.34, and this is looking to grow in the next year to 15.27% after growing -42.40% this past year. EPS growth quarter over quarter is -221.70%, and -9.60% for sales growth quarter over quarter.

The number of shares outstanding is 1103, and the number of shares float is 1072.62. The senior management bring insider ownership to 0.20%, and institutional ownership is at 76.80%. The float short is 2.39%, with the short ratio at a value of 2.81. Management has seen a return on assets of 1.60%, and also a return on investment of 5.60%.

The ability for Corning Inc., to deal with debt, means it current ratio is 2.8, and quick ratio is 2.2. Long term debt/equity is 0.25 and total debt/equity is 0.28. In terms of margins, Corning Inc. has a gross margin of 39.20%, with its operating margin at 12.20%, and Corning Inc. has a profit margin of 5.30%.

The 52 week high is -1.46%, with 39.95% being its 52 week low. The 20 day simple moving average is 6.08% and the 200 day simple moving average is 12.32%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.


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Peter Clarke

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