Asia300

LG Display Co., Ltd.

South Korea

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Jul 24, 2017
Prev close: 33,250
Jul 24, 2017
Market cap:
Market cap(USD):
11,897.37B
10,679.86M
Shares: 357.81M

Currency in KRW

Company profile

Market(Ticker): KRX(034220)
Sector:
Industry:
Distribution Services
Electronics Distributors
Full time employees: --

Business summary

LG Display Co., Ltd. is engaged in the manufacture and sale of thin film transistor and organic light-emitting diodedisplay(OLED) products. Its products include television, commercial, monitor, notebook, mobile, auto, and OLED display. The company was founded on February 28, 1985 and is headquartered in Seoul, South Korea.

Company background

LG Display is the world's largest liquid crystal display panel maker. Its largest shareholder is LG Electronics.

The company grew rapidly after it formed a joint venture with Dutch company Royal Philips, beginning in 1999. Royal Philips sold all of its shares by 2009 to terminate the joint venture. Currently, LG Display conducts business on its own.

LG Display has two production bases in South Korea and one in Guangzhou, China. It also sells products to companies outside the group, as well as to LG Electronics. The company has a reputation for quality, as shown by the fact that U.S. tech giant Apple, which is known for its stringent technology valuation, has continued to adopt the company's LCD panels in its iPhone series of smartphones.

Reacting to increased competition from Chinese rivals, LG Display has shifted to production of high-resolution displays. It was among the first LCD panel makers in the world to launch mass production of large organic light-emitting diode displays. Although small and midsize OLED displays are widely used in smartphones, it is difficult to produce large displays. LG Display overcame the barrier by adopting unique architecture.

LG Electronics is among the few makers of large OLED TV's, the main products with which LG Display can differentiate itself from its rivals. However, it could also be a risk factor. Any delay in market expansion could lead to a slowdown in panel demand and negatively affect large investments.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 26,504.07B
Gross profit 3,620.57B
Operating income 1,311.41B
Income before tax 1,307.89B
Net income 906,713M
EBITDA 4,332.98B
Diluted EPS 2,534
Dividends per share 500
Total assets 24,885.18B
Total liabilities 11,422.80B
Total equity 12,955.99B
Operating cash flow 3,700.72B

Currency in KRW

Revenue 22,844.60M
Gross profit 3,120.67M
Operating income 1,130.34M
Income before tax 1,127.31M
Net income 781.52M
EBITDA 3,734.72M
Diluted EPS 2.18
Dividends per share 0.43
Total assets 20,603.73M
Total liabilities 9,457.52M
Total equity 10,726.93M
Operating cash flow 3,189.75M

Currency in USD

Valuation measures

Dec 2016

PER 12.41
ROA 3.82%
ROE 7.21%
Operating margin 4.94%
Profit margin 3.42%

Key executive

  • Chief Executive Officer & Director: Sang-Beom Han
  • Chief Operations Officer & Vice President: Yu-Seoung Yin
  • Chief Financial Officer & Director: Sang-Don Kim
  • CTO & Senior Managing Director: In-Byung Kang
  • Vice President & Head-Television Business: Yong-Kee Hwang

Share holders

  • LG Electronics, Inc.(37.9%)
  • National Pension Service of Korea(9.2%)
  • Capital Research & Management Co. (World Investors)(4.0%)
  • The Vanguard Group, Inc.(1.4%)
  • Capital Research & Management Co. (Global Investors)(1.3%)
  • BlackRock Fund Advisors(1.3%)
  • Dimensional Fund Advisors LP(1.0%)
  • Norges Bank Investment Management(0.7%)
  • Acadian Asset Management LLC(0.5%)
  • BlackRock Advisors (UK) Ltd.(0.4%)

Address

  • Website: http://www.lgdisplay.com
  • Address: LG Twin Towers, 128 Yeoui-daero, Seoul, 07336, South Korea
  • Phone: +82.2.3777.1010

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