Corning vs Owens Corning Which Is a Smarter Choice?

Corning and Owens Corning are two prominent companies in the manufacturing and technology industries. Corning, known for its innovation in glass and ceramic products, has a strong track record of growth and profitability. Owens Corning, on the other hand, specializes in building materials and insulation products. Both companies have seen fluctuations in their stock prices due to market conditions and industry trends. Investors looking to diversify their portfolios may find opportunities in both Corning and Owens Corning stocks.

Corning or Owens Corning?

When comparing Corning and Owens Corning, different investors may prioritize various metrics based on their investment strategies and goals. So, ask yourself what type of investor you are. This will guide you in determining which metrics are most important for your investment decision between Corning and Owens Corning.

Dividend Investors:

Dividend investors look for stable and growing income streams, using dividend metrics to assess potential investments. A company's dividend yield essentially measures the size of its dividend relative to the total market value of the company. Corning has a dividend yield of 2.32%, while Owens Corning has a dividend yield of 1.22%. Beyond the yield itself, considering the growth and sustainability of these dividends is also crucial. Corning reports a 5-year dividend growth of 9.24% year and a payout ratio of 631.41%. On the other hand, Owens Corning reports a 5-year dividend growth of 26.98% year and a payout ratio of 19.50%.

Value Investors:

Value investors focus on financial metrics to determine a stock's intrinsic value compared to its market value. The Price-to-Earnings (P/E) Ratio links stock price to a company's earnings per share, with Corning P/E ratio at 264.79 and Owens Corning's P/E ratio at 16.54. Another crucial valuation metric is the Price-to-Book (P/B) Ratio, which compares stock price with book value per share. Corning P/B ratio is 3.72 while Owens Corning's P/B ratio is 3.05.

Growth Investors:

Growth investors prioritize metrics indicative of a company's expansion potential. Focusing on top-line growth, Corning has seen a 5-year revenue growth of 0.24%, while Owens Corning's is 0.68%. Return on Equity (ROE) measures how effectively a company uses equity investment to generate earnings, with Corning 's ROE at 1.40% and Owens Corning's ROE at 19.28%.

Retail Investors:

Retail investors often consider stock affordability and company familiarity. For example, day low prices are $48.20 for Corning and $194.83 for Owens Corning. Over the past year, Corning 's prices ranged from $29.14 to $51.03, with a yearly change of 75.12%. Owens Corning's prices fluctuated between $138.70 and $214.53, with a yearly change of 54.67%. Brand recognition also plays a role, as familiarity with a company can influence investment decisions.