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GLW trades against a final fair-value range of $55.37-$82.37, with the midpoint set by the accepted valuation synthesis rather than earlier draft model outputs. Fair value range: low $55.4, high $82.4, with mid-point at $68.5.
Stock analysis

GLW fair value $55–$82

By StockMarketAgent.AI team· supervised by
विश्लेषित: 2026-05-09अगला अद्यतन: 2026-08-09Methodology v2.5Review: automatedArchetype: Mature dividend
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मूल्य
$186.94
▼ -118.39 (-63.33%)
उचित मूल्य
$69
$55–$82
रेटिंग
बेचें
confidence 88/100
ऊपरी अंतर
-63.3%
upside to fair value
सुरक्षा मार्जिन
$58.27
MoS level · 15%
बाज़ार पूंजीकरण
$160.9B
P/E fwd 44.4
अंग्रेज़ी फ़ॉलबैकHI
अनुवाद होने तक अंग्रेज़ी स्रोत दिखा रहा है
इस रिपोर्ट का अभी अनुवाद नहीं हुआ है। अनुवाद कतार पकड़ने पर कुछ मिनट में रिफ़्रेश करें।

§1 कार्यकारी सारांश

  • Composite fair value $69 with high case $82.
  • Implied downside of 63.3% to fair value.
  • Moat 6.5/10 · confidence 88/100 · Mature dividend.
  • Currently screens above fair value, so patience matters more than entry speed.
Fair value
$69
Margin of safety
-172.7%
Confidence
88/100
Moat
6.5/10

Educational research only - not investment advice, an offer, or a trade instruction. Confirm current data and do your own due diligence before acting.

$186.94Price
Low $55.37
Mid $68.55
High $82.37

GLW trades against a final fair-value range of $55.37-$82.37, with the midpoint set by the accepted valuation synthesis rather than earlier draft model outputs.

  • Intangible assets in proprietary glass
    Intangible assets in proprietary glass formulations and materials science.
  • Switching costs in display and
    Switching costs in display and specialty electronics materials.
  • Bull thesis
    Near-term internal valuation cross-checks growth is strong, but insufficient to offset the monumental valuation premium.

§2 बेयर केस

A synchronized global recession severely curtails consumer electronics spending and delays 5G/broadband infrastructure rollouts. High fixed costs result in significant margin compression.

इस थीसिस के टूटने के तरीक़े

Prolonged Telco Winter

· Medium

Carriers permanently reduce fiber capex due to shifting to wireless last-mile or structural funding issues.

FV impact
-15%
Trigger
2-3 Years

Display Price War

· Medium

Asian competitors flood the market with heavily subsidized glass, collapsing LCD/OLED substrate pricing.

FV impact
-20%
Trigger
1-2 Years

Disruptive Material Substitution

· Low

A new, cheaper composite replaces specialty glass in consumer devices, breaking Corning's monopoly.

FV impact
-30%
Trigger
5+ Years
निगरानी हेतु शीघ्र चेतावनी संकेत
मेट्रिकवर्तमानट्रिगर सीमा
Three consecutive quarters of declining optical fiber volume.MonitorDeterioration versus the report thesis
Display glass price declines exceeding high single-digits annually.MonitorDeterioration versus the report thesis
Gross margin compressing below 30% for a full fiscal year.MonitorDeterioration versus the report thesis
Capex to sales ratio climbing above 12% without corresponding revenue growth.MonitorDeterioration versus the report thesis
Dividend payout ratio exceeding 80% on normalized FCF.MonitorDeterioration versus the report thesis

§3 वित्तीय इतिहास

आय विवरण — पिछले छह कालखंड

लाइन आइटम2021-12-312022-12-312023-12-312024-12-312025-12-31Trend
राजस्व—$14.19B$12.59B-11.3%$13.12B+4.2%$15.63B+19.1%+2.4%
सकल लाभ—$4.51B$3.93B$4.28B$5.62B+5.7%
परिचालन आय—$1.44B$890.0M$1.14B$2.28B+12.2%
शुद्ध आय—$1.32B$581.0M-56.0%$506.0M-12.9%$1.60B+216.2%+4.9%
EPS (डाइल्यूटेड)$1.28$1.54$0.68$0.58$1.83+9.3%
EBITDA—$3.54B$2.51B$2.49B$3.74B+1.3%
R&D—$1.05B$1.08B$1.09B$1.11B+1.5%
SG&A—$1.90B$1.84B$1.93B$2.12B+2.8%

गुणवत्ता स्कोर

Piotroski F-स्कोर
7 / 9
0–9 गुणवत्ता समग्र
Altman Z-स्कोर
6.81
दिवालियापन जोखिम (>3 सुरक्षित)
Beneish M-स्कोर
-2.37
आय में हेरफेर का जोखिम
OCF / शुद्ध आय
1.69×
>1 उच्च आय गुणवत्ता दर्शाता है
लेखा गुणवत्ता गेट
Pass
सेक्टर-समायोजित गेट
ROIC
8.9%
निवेशित पूँजी पर प्रतिफल
व्यक्तिगत सब्सक्राइबर — §4 आगे11 और खंड

पूरा विश्लेषण पढ़ें — 11 और खंड.

Competitive moat, industry cycle, peer comparison, intrinsic valuation, sensitivity, scenarios, earnings decision tree, position management, investor perspectives, scorecard, and final recommendation.

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रेटिंग संग्रह के 24 महीने
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कभी भी रद्द करें।
CASH FLOW FAQ

GLW cash flow questions

  1. Free cash flow for GLW (GLW) is computed as operating cash flow minus capital expenditure. We report both the absolute level and the FCF margin against revenue, with five years of trajectory.

FAQ

GLW — frequently asked questions

  1. Based on our latest analysis, GLW looks meaningfully overvalued. The current price is $187 versus a composite fair-value midpoint of $68.5 (range $55.4–$82.4), which implies roughly 63.3% downside to the midpoint.

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