Corning Incorporated (GLW) vs TE Connectivity Ltd. (TEL)

Corning Incorporated and TE Connectivity Ltd. are both Electronic Components companies. Corning Incorporated is the larger, with a market value of $135.2B against $61.9B — 2.2× the size. TE Connectivity Ltd. trades at the lower P/E: 21.2× against 70.9×. Corning Incorporated grew revenue faster over the last twelve months: 19.4% against 16.5%. TE Connectivity Ltd. has the higher net margin (15.6% vs 11.2%) and the higher return on invested capital (13.6% vs 8.52%). Both pay a dividend; Corning Incorporated yields more (3.56% vs 1.68%). Across the 23 metrics below, TE Connectivity Ltd. leads on 18 and Corning Incorporated on 5.

Valuation

Metric GLW TEL Electronic Components median
P/E 70.92 21.24 39.06
P/S 7.96 3.29 3.22
P/B 10.29 4.80 3.30
Price to free cash flow 56.41 19.13 26.65
EV/EBITDA 34.96 14.27 19.69
EV/Sales 8.31 3.56 3.53
Earnings yield 1.41% 4.71% 1.34%
Free cash flow yield 1.77% 5.23% 0.40%

Profitability

Metric GLW TEL Electronic Components median
Gross margin 36.38% 36.12% 33.21%
Operating margin 15.31% 19.74% 3.53%
Net margin 11.20% 15.61% 2.57%
Free cash flow margin 14.12% 17.21% 0.20%
Return on equity 15.40% 23.54% 2.60%
Return on assets 6.16% 11.84% 2.50%
Return on invested capital 8.52% 13.59% 2.28%

Growth

Metric GLW TEL Electronic Components median
Revenue growth (TTM) 19.41% 16.53% 12.01%
EPS growth (last fiscal year) 215.52% (40.37%) —
Revenue growth, 5-year CAGR 6.70% 7.24% 7.19%
Net income growth, 5-year CAGR 30.98% 0.00% 0.00%

Health

Metric GLW TEL Electronic Components median
Debt to equity 0.64 0.42 0.16
Current ratio 1.81 1.88 2.41
Net debt to EBITDA 1.91 0.89 0.32

Dividend

Metric GLW TEL Electronic Components median
Dividend yield 3.56% 1.68% 1.18%
Payout ratio 1.63 0.35 0.00

Size

Metric GLW TEL Electronic Components median
Market cap 135.20b 61.86b 780.25m

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