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NYQ · Valuation Lab
GLW
Corning Incorporated
Last$156.70
Market cap135B
EV/EBITDA34.9x
Intrinsic value
$18.49
MoS -747.7% · Overvalued
Assuming 4.3% FCF margin and 16.6% Y1–5 growth.
Upside to price
EV (DCF)22.8B
Terminal share60%
Expected IV$21.30
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 60% of EV
PV of stage FCFs9.2B
PV of terminal value13.6B
Enterprise value22.8B
Net cash / (debt)-6.9B
Equity value15.9B
Intrinsic value / share$18.49
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 19.8B | 850.5M | 776.2M | 91.3% |
| Y2 | 23.1B | 991.7M | 825.9M | 83.3% |
| Y3 | 26.9B | 1.2B | 878.8M | 76.0% |
| Y4 | 31.4B | 1.3B | 935.1M | 69.4% |
| Y5 | 36.6B | 1.6B | 995M | 63.3% |
| Y6 | 39.6B | 1.7B | 983.4M | 57.8% |
| Y7 | 42.9B | 1.8B | 971.9M | 52.7% |
| Y8 | 46.4B | 2B | 960.6M | 48.1% |
| Y9 | 50.3B | 2.2B | 949.3M | 43.9% |
| Y10 | 54.5B | 2.3B | 938.3M | 40.1% |
| Terminal | — | — | 13.6B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.