GLW
Corning Inc.
Hybrid Industrial
★ Quality 22/100Price today
$140.51
what the market pays
Worth
$7.72
calculated cycle value
Price is 1720% above its value
charlieapp.co
Price vs Intrinsic Value
The line is the price month by month; the green band marks when it's undervalued (−20% off value). When the price drops in there, the discount is real, not opinion.
Where does the value come from?
Manufacturing + technology
$14.73
per share
How it's calculated
Net cash in the bank
cash minus financial debt, per share
Total calculated value
business + cash
How many times the cash flow
Hybrid Industrial · vs 35 peers
You pay 88.1x times this business's cash flow; its sector median is 35.5x.
90% above what Charlie thinks it's worth (8.8x) — you're overpaying, sector or no sector.
Why does Charlie give it 8.8x?
The multiple is how many times its cash flow the business is worth.
An average business of its kind is worth 35.5x. This one drops from there:
High debt. debt payments drain cash before it reaches you.
Compounds dividends. it pays and sustains a dividend that grows over the years.
That's why it's worth 8.8x, less than the 35.5x average.
Why Overvalued?
Its free cash flow is $1.67/share × 8.8x multiplier minus $7.01 in negative net cash = $7.72 in intrinsic value. Today's price of $140.51 is 94% above the calculated value — the market is paying a premium over what the model sees as fair.
The price is 1720% above the calculated value. You're paying more than it's worth.
Buying here lowers your expected return and wipes out the safety margin.
The next reasonable entry zone starts at $7.33.
At what price would buying make sense?
Entry zones
🟢 Undervalued
≤$6.18
-20% off Value
🟡 Discounted
≤$7.33
-5% off Value
🔴 Today
$140.51
-95% Valor
Overvalued
The market prices it too high versus what the business makes. Patience pays off here.
“Time is the friend of the wonderful company, the enemy of the mediocre.”
— Warren Buffett
Model updated · July 2026
The business
Corning es la receta de vidrio detrás de tu pantalla, tu fibra y tu teléfono.
Corning fabrica vidrios y cerámicas especiales: la fibra óptica que conecta centros de datos, el vidrio de las pantallas de TV, el Gorilla Glass de los celulares y filtros para autos. Cobra vendiendo componentes de altísima precisión que casi nadie más sabe hacer. Facturó $15.6B en 2025 con 36% de margen bruto.
170 años de química del vidrio y fórmulas propietarias que no aparecen en ningún manual. Su proceso de fusión y el Gorilla Glass son difíciles de copiar, pero opera en mercados donde el precio del vidrio de pantallas cae año tras año. Ventaja real, no impenetrable.
Revenue history
From $14.1B to $15.6B in 4 years. The business grows steadily.
Where each $100 of sales goes
Revenue $15.6B · FY2025
Of every $100 in sales, $90 goes to costs and operations; $10 is left as net profit (10% margin).
Catalysts and risks
Plan 'Springboard': meta de sumar más de $4B en ventas anuales para 2026, empujado por fibra óptica para inteligencia artificial.
Demanda de fibra por centros de datos de IA acelerando desde 2024.
Expansión en vidrio para paneles solares fabricados en Estados Unidos.
Deuda de $7.6B contra solo $1.5B en caja: poco margen si el ciclo se enfría.
El precio del vidrio para pantallas baja de forma estructural, comprimiendo márgenes.
Fuerte dependencia del ciclo de celulares y televisores, más exposición a China.
Charlie's note
“A 8.8x el flujo con un crecimiento de apenas 3%, el mercado paga por un optimismo que este negocio todavía no se ganó. Buena química, precio exigente.”
Analysis · July 2026
So when would be a good price for Corning Inc.?
By our calculation, not yet. We will email you the day it drops to $7.33 — so you do not have to keep checking.
🔔 Email meFree · no card
Charlie informs, it doesn't advise. No information should be taken as a recommendation to buy or sell.