What is Corning Inc worth?
With the base-case assumptions below, a discounted cash flow model on Corning Inc's reported free cash flow gives $26.37 per share. The share price was $156.74 on September 25, 2026, 494% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 1.5% | 10.0% | $14.22 | -91% |
| Base | 6.5% | 9.0% | $26.37 | -83% |
| Bull | 11.5% | 8.0% | $50.58 | -68% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $35.34 | $38.08 | $41.43 | $45.61 | $50.99 |
| 8.0% | $28.64 | $30.42 | $32.52 | $35.04 | $38.12 |
| 9.0% | $23.75 | $24.96 | $26.37 | $28.00 | $29.93 |
| 10.0% | $20.02 | $20.89 | $21.87 | $22.98 | $24.28 |
| 11.0% | $17.09 | $17.73 | $18.43 | $19.23 | $20.13 |
Where the presets come from
Base: years 1 to 5 grow at Corning Inc's revenue growth rate over the last 5 fiscal years (6.7% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions