Corning Net Invested Capital vs Common Stock Analysis
GLW Stock | USD 35.52 0.17 0.48% |
Corning Incorporated financial indicator trend analysis is way more than just evaluating Corning Incorporated prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corning Incorporated is a good investment. Please check the relationship between Corning Incorporated Net Invested Capital and its Common Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.
Net Invested Capital vs Common Stock
Net Invested Capital vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corning Incorporated Net Invested Capital account and Common Stock. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Corning Incorporated's Net Invested Capital and Common Stock is 0.52. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Common Stock in the same time period over historical financial statements of Corning Incorporated, assuming nothing else is changed. The correlation between historical values of Corning Incorporated's Net Invested Capital and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Corning Incorporated are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Invested Capital i.e., Corning Incorporated's Net Invested Capital and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.52 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Common Stock
Most indicators from Corning Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corning Incorporated current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.At this time, Corning Incorporated's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 38.37 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.2 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.1B | 4.5B | 3.9B | 2.7B | Total Revenue | 14.1B | 14.2B | 12.6B | 6.9B |
Corning Incorporated fundamental ratios Correlations
Click cells to compare fundamentals
Corning Incorporated Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Corning Incorporated fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 28.9B | 30.8B | 30.1B | 29.5B | 28.5B | 17.1B | |
Short Long Term Debt Total | 7.7B | 8.0B | 7.0B | 7.8B | 8.5B | 8.9B | |
Other Current Liab | 1.8B | 2.1B | 2.8B | 2.8B | 2.1B | 1.1B | |
Total Current Liabilities | 3.5B | 3.8B | 4.8B | 5.2B | 4.3B | 4.5B | |
Total Stockholder Equity | 12.9B | 13.3B | 12.3B | 12.0B | 11.6B | 9.6B | |
Property Plant And Equipment Net | 15.3B | 15.8B | 15.8B | 16.2B | 15.5B | 16.3B | |
Net Debt | 5.3B | 5.3B | 4.9B | 6.1B | 6.7B | 7.0B | |
Retained Earnings | 16.4B | 16.1B | 16.4B | 16.8B | 16.4B | 17.2B | |
Cash | 2.4B | 2.7B | 2.1B | 1.7B | 1.8B | 1.9B | |
Non Current Assets Total | 21.4B | 22.8B | 22.5B | 22.0B | 21.3B | 12.0B | |
Non Currrent Assets Other | 1.5B | 1.7B | 1.7B | 977M | 923M | 1.0B | |
Cash And Short Term Investments | 2.4B | 2.7B | 2.1B | 1.7B | 1.8B | 2.3B | |
Net Receivables | 1.8B | 2.1B | 2.0B | 1.7B | 1.6B | 1.1B | |
Common Stock Shares Outstanding | 899M | 772M | 844M | 857M | 859M | 1.2B | |
Liabilities And Stockholders Equity | 28.9B | 30.8B | 30.1B | 29.5B | 28.5B | 17.1B | |
Non Current Liabilities Total | 12.4B | 13.6B | 12.8B | 12.0B | 12.3B | 12.9B | |
Inventory | 2.3B | 2.4B | 2.5B | 2.9B | 2.7B | 2.8B | |
Other Current Assets | 873M | 761M | 1.0B | 703M | 694M | 493.1M | |
Other Stockholder Equity | (5.5B) | (5.3B) | (3.8B) | (3.9B) | (3.7B) | (3.5B) | |
Total Liab | 15.9B | 17.3B | 17.6B | 17.2B | 16.6B | 17.5B | |
Total Current Assets | 7.5B | 8.0B | 7.7B | 7.5B | 7.2B | 5.1B | |
Short Term Debt | 11M | 158M | 55M | 335M | 432M | 453.6M | |
Intangible Assets | 1.2B | 1.3B | 1.1B | 1.0B | 905M | 1.0B | |
Accounts Payable | 1.6B | 1.2B | 1.6B | 1.8B | 1.5B | 806.0M | |
Good Will | 1.9B | 2.5B | 2.4B | 2.4B | 2.4B | 1.7B | |
Common Stock Total Equity | 859M | 863M | 907M | 910M | 819M | 1.2B | |
Property Plant And Equipment Gross | 15.8B | 16.4B | 15.8B | 30.4B | 30.1B | 31.6B | |
Accumulated Other Comprehensive Income | (1.2B) | (740M) | (1.2B) | (1.8B) | (2.0B) | (1.9B) | |
Common Stock | 859M | 863M | 907M | 910M | 916M | 982.3M | |
Other Liab | 4.2B | 5.7B | 5.8B | 4.6B | 5.3B | 2.9B | |
Other Assets | 2.1B | 3.3B | 3.1B | 3.3B | 3.7B | 2.3B | |
Long Term Debt | 7.7B | 7.8B | 7.0B | 6.7B | 7.2B | 4.4B | |
Treasury Stock | (19.8B) | (19.9B) | (20.3B) | (20.5B) | (18.5B) | (17.6B) | |
Property Plant Equipment | 15.3B | 15.7B | 15.8B | 15.4B | 17.7B | 10.6B | |
Current Deferred Revenue | 104M | 363M | 371M | 276M | 329M | 433.7M | |
Net Tangible Assets | 10.6B | 11.0B | 8.8B | 8.6B | 7.7B | 11.7B | |
Noncontrolling Interest In Consolidated Entity | 90M | 191M | 212M | 267M | 307.1M | 322.4M | |
Retained Earnings Total Equity | 16.4B | 16.1B | 16.4B | 16.8B | 19.3B | 14.4B |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Corning Incorporated is a strong investment it is important to analyze Corning Incorporated's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Corning Incorporated's future performance. For an informed investment choice regarding Corning Stock, refer to the following important reports:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Corning Stock analysis
When running Corning Incorporated's price analysis, check to measure Corning Incorporated's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Corning Incorporated is operating at the current time. Most of Corning Incorporated's value examination focuses on studying past and present price action to predict the probability of Corning Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corning Incorporated's price. Additionally, you may evaluate how the addition of Corning Incorporated to your portfolios can decrease your overall portfolio volatility.
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites |
Is Corning Incorporated's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Corning Incorporated. If investors know Corning will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Corning Incorporated listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.2 | Dividend Share 1.12 | Earnings Share 0.72 | Revenue Per Share 14.571 | Quarterly Revenue Growth (0.06) |
The market value of Corning Incorporated is measured differently than its book value, which is the value of Corning that is recorded on the company's balance sheet. Investors also form their own opinion of Corning Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Corning Incorporated's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Corning Incorporated's market value can be influenced by many factors that don't directly affect Corning Incorporated's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Corning Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corning Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corning Incorporated's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.