Nippon Electric Glass or Corning Japan or USA

Hello my dears,

I have a company comparison for you today, Sunday.

As I'm also looking around Japan at the moment, there is of course a Japanese company in the list.

Which company do you like better and why?

And in your opinion, is this a growth sector?

I look forward to many comments.

@EpsEra
@Liebesspieler
@TradingHase
@All-in-or-nothing
@Klein-Anleger1
@Aktienfox

and all the rest of you dear ones.

$5214 (-1,25 %) and $GLW (-1,34 %)

Nippon Electric Glass Co., Ltd. specializes in the development, manufacture and marketing of special glass. Net sales break down by product family as follows:

- Glasses for electronic components (52.9%): LCD screen glasses, plasma screens, cathode ray tubes, optical products, etc.;

- Performance glasses (47.1%): mainly glass fibers, heat-resistant glasses, glass tubes for lighting, glass tubes for pharmaceutical and medical purposes, glass foils and glasses for building materials.

At the end of 2021, the Group had 16 production sites worldwide.

Net sales break down geographically as follows: Japan (14.6%), China (29.7%), South Korea (16.6%), Europe (14.7%), the United States (13%) and other (11.4%).

Number of employees: 5,498

Corning Incorporated is a global leader in the manufacture and marketing of specialty glass and ceramic substrates. The breakdown of net sales by market is as follows:

- Telecommunications (35.5%): Products made of glass fiber, cables, etc. for communication networks;

- Consumer electronics (20.8%): Glass substrates for LCD screens of televisions, PCs and laptops;

- Environment (11.9%): Ceramic substrates and filters for vehicle emission control systems;

- Life sciences (7.1%): in particular optical biosensors for pharmaceutical research;

- Other (24.7%): Solutions based on specialty plastics and glasses, particularly for the semiconductor, aerospace, defense, astronomy and metrology sectors.

Number of employees: 56,300

Nippon Electric Glass Corning Incorporated

JPY in millions USD in millions

Estimates Estimates

year
Turnover
Change in
year
Turnover
change

2025 310.715 3,84 % 2025 16.348 12,98 %

2026 320.191 3,05 % 2026 18.359 12,31 %

2027 334.033 4,32 % 2027 20.233 10,21 %

Year
EBIT
Change in
Year
EBIT
change

2025 31.002 406,58 % 2025 3.147 24,38 %

2026 34.329 10,73 % 2026 3.751 19,2 %

2027 37.767 10,02 % 2027 4.374 16,6 %

Year
Net energ. Change
Year
Net energy change

2025 22.123 82,97 % 2025 1.607 217,67 %

2026 24.502 10,75 % 2026 2.447 52,22 %

2027 26.483 8,09 % 2027 3.152 28,82 %

Year Net free cash flow Year Net free cash flow FreeCashf

2025 16.195 12.889 2025 6.298 1.643

2026 41.033 25.546 2026 5.714 2.076

2027 66.183 27.159 2027 4.869 2.391

Year
EBIT Margin
ROE
Year
EBIT margin
ROE

2025 9,98 % 4,58 % 2025 19,25 % 19,29 %

2026 10,72 % 5,12 % 2026 20,43 % 21,24 %

2027 11,31 % 5,59 % 2027 21,62 % 22,88 %

Year
Earnings per share
Year
Profit p share

2025 283,8 2025 1,822

2026 326,7 2026 2,629

2027 382,6 2027 3,435

Year
P/E RATIO
PEG
Year
KGV
PEG

2025 19.4x 0x 2025 43.6x 0x

2026 16.8x 1.1x 2026 30.2x 0.7x

2027 14.4x 0.8x 2027 23.1x 0.8x

Year Dividend yield
Year Dividend yield

2025
2,65 % 2025 1,43 %

2026
2,83 % 2026 1,51 %

2027
3,01 % 2027 1,62 %

Aktienfox@Aktienfox

1Sem.

Exciting new companies, but because I have hardly any know-how in the segment I tend to stay away from them and stick to tech/health care, but purely in terms of growth/ fundamentals and risk reward I think Corning is better at the moment, they are more diversified globally with faster potential growth where I tend to see more opportunities due to the margins and busienss.

•

Tenbagger2024@Tenbagger2024

@Aktienfox
Thank you for your assessment.
But perhaps Nippon still has room for improvement due to the poorer margins.
But I think it might not be a bad investment for Japan.
But I also find my previously presented $2413 exciting. I think it could be your area.
Maybe you can also give an assessment.

@Tenbagger2024 thanks, I'll take a look at it in a few days :)

••

All-in-or-nothing@All-in-or-nothing

I am a bit of a margin fetishist, and because of that and because I see Corning as better diversified and more attractive in terms of valuation and growth at a quick check, I also tend to favor Corning, my dear.

@All-in-or-nothing
It looks like I'll soon have to look for another Japan value.

@Tenbagger2024 Why are you so obsessed with Japan, my dear? I know you see potential there, but I also believe that there are at least equivalent, if not sometimes even more serious risks there (okay, like almost everywhere).🤔 Admittedly, the only areas for an investment in Japan for me would be either selected Sogo Shosha or something in the high-tech supplier sector.

@All-in-or-nothing
I was still thinking about $2768 or $2413.

No, it's because I'm leaving Tokyo Electron. To reduce in the semiconductor sector.
I'm already in ASML and Aixtron in mechanical engineering.
And I wanted to leave my Japan share at 5%.

@All-in-or-nothing

$4062 and. $1803 I'll have to take a look

@Tenbagger2024 Of all the ones you mentioned, I'm most inclined towards $1803 or $2413. But it's more personal taste. $1803 could shine with further strong growth and with $2413 I think you have a solid pick for one of the main problems of the Japanese population.

@All-in-or-nothing
Take a look at $IRWD
P/E ratio falls to 4.7 with 100% profit growth.
They have received approval for irritable bowel syndrome medication for children.

TradingHase@TradingHase

What I like about Nippon is that sales are generated fairly evenly around the world. If one market is lost, the entire business is not lost.
In addition, my Japan investment has come through relatively unscathed in the last few bad weeks.
So Team Japan is bucking the trend. 🤷🏼‍♂️

Max@Divident_e

My dear. That's crazy

Nippon Electric Glass or Corning ??? Japan or USA ???