Corning Inc (GLW) DCF Valuation
Why we don't show a single “fair value” for GLW
Even the optimistic scenario of a conservative trailing-FCF model ($12.37) sits far below today's price — the market is paying for growth and durability beyond what this model structure captures. Off today's cash-flow base, no plausible growth rate bridges to the current price — the market is valuing normalized future cash flows, not the depressed base. The model scenarios below are shown for reference only.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.5%/yr | 10.8% | $4.01 |
| Base case | 2.8%/yr | 9.8% | $7.25 |
| Optimistic | 5.8%/yr | 8.8% | $12.37 |
| Analyst DCF (FMP) | independent reference — different model | $22.21 | |
Current Price
$228.01
Market-Implied Growth
—
Base-Case Model Value
$7.25
model output — not a price target
GLW DCF Fair Value Calculator
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for GLW (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $992.5M · 0.86B shares · net debt $7.9B
Estimated Fair Value
$7.42
-96.7% vs $228.01
Sensitivity — fair value by discount rate × terminal growth
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 2.8%/yr FCF growth and 10-year horizon fixed. Green = above today's $228.01; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 7.8% | $11.39 | $12.45 | $13.70 | $15.22 | $17.10 |
| 8.8% | $8.52 | $9.24 | $10.07 | $11.04 | $12.20 |
| 9.8% | $6.34 | $6.85 | $7.42 | $8.08 | $8.85 |
| 10.8% | $4.64 | $5.01 | $5.42 | $5.89 | $6.42 |
| 11.8% | $3.27 | $3.54 | $3.85 | $4.19 | $4.57 |
About Corning Inc
Corning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. The company provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. It also offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. In addition, it manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for markets, such as mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Further, the company provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications, as well as technical glass and optic products and solutions for the interior and exterior of vehicles. Additionally, it offers laboratory products, including plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Falcon, PYREX, and Axygen brands. It also offers polysilicon products and pharmaceutical glass tubing and vials. 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
- Technology
- Industry
- Hardware, Equipment & Parts
- CEO
- Wendell Weeks