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Electronic Technology

LG Display Co., Ltd.

In the news

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.

Business Summary

LG Display Co., Ltd. engages in the manufacture and sale of thin film transistor and organic light-emitting diode display (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.

Financial Highlights

Dec 2020 KRWUSD
Revenue24,230.12B20,535.95M
Gross Profit2,427.09B2,057.05M
Operating income-29,117M-24.67M
Income before tax-607,643M-515.00M
Net income-89,342M-75.72M
EBITDA4,105.72B3,479.75M
Diluted EPS-249.68-0.21
Dividends Per Share00
Total Assets35,071.52B32,285.29M
Total liabilities22,334.58B20,560.23M
Total equity11,401.04B10,495.29M
Operating cash flow2,295.18B1,945.25M
Currency in KRWCurrency in USD

Historical Data

KRW | USD
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 26,504.07B 27,790.21B 24,336.57B 23,475.56B 24,230.12B
Gross Profit 3,620.57B 5,226.84B 2,910.69B 1,642.41B 2,427.09B
Operating income 1,311.41B 2,459.82B 92,887M -1,360.76B -29,117M
Income before tax 1,316.23B 2,332.63B -91,366M -3,356.38B -607,643M
Net income 906,713M 1,802.75B -207,239M -2,829.70B -89,342M
EBITDA 4,332.98B 5,674.39B 3,647.45B 2,334.29B 4,105.72B
Diluted EPS 2,534 5,038 -579.17 -7,908.27 -249.68
Dividends Per Share 500 500 0 0 0
Total Assets 24,884.33B 29,159.68B 33,175.71B 35,574.56B 35,071.52B
Total liabilities 11,421.94B 14,178.17B 18,289.46B 23,086.28B 22,334.58B
Total equity 12,955.99B 14,373.48B 13,979.18B 11,340.48B 11,401.04B
Operating cash flow 3,700.72B 6,772.84B 4,489.39B 2,714.04B 2,295.18B
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 22,844.60M 24,582.01M 22,113.74M 20,130.23M 20,535.95M
Gross Profit 3,120.67M 4,623.43M 2,644.83M 1,408.36M 2,057.05M
Operating income 1,130.34M 2,175.84M 84.40M -1,166.84M -24.67M
Income before tax 1,134.49M 2,063.34M -83.02M -2,878.09M -515.00M
Net income 781.52M 1,594.63M -188.31M -2,426.46M -75.72M
EBITDA 3,734.72M 5,019.32M 3,314.30M 2,001.64M 3,479.75M
Diluted EPS 2.18 4.45 -0.52 -6.78 -0.21
Dividends Per Share 0.43 0.44 0 0 0
Total Assets 20,603.02M 27,238.04M 29,732.66M 30,761.86M 32,285.29M
Total liabilities 9,456.82M 13,243.82M 16,391.34M 19,963.06M 20,560.23M
Total equity 10,726.93M 13,426.25M 12,528.39M 9,806.28M 10,495.29M
Operating cash flow 3,189.75M 5,990.95M 4,079.34M 2,327.28M 1,945.25M

Valuation Measures

Dec 2020
PER--
ROA-0.25%
ROE-0.78%
Operating margin-0.12%
Profit margin-0.36%

Key executives

  • President, Chief Executive Officer & Director: Ho-Young Jeong
  • Managing Director & Head-Finance: Sung-Hyun Kim
  • Chief Technology Officer: Soo-young Yoon
  • Managing Director & Head-IT business: Hyeong-Seok Choi
  • Managing Director & Head-Compliance Officer: Pil-Yong Kim

Shareholders

  • LG Electronics, Inc. (37.9%)
  • National Pension Service of Korea (6.3%)
  • BlackRock Fund Advisors (1.8%)
  • The Vanguard Group, Inc. (1.5%)
  • Dimensional Fund Advisors LP (0.7%)
  • Eastspring Investments (Singapore) Ltd. (0.6%)
  • Mirae Asset Global Investments Co., Ltd. (0.5%)
  • Samsung Asset Management Co., Ltd. (0.5%)
  • BlackRock Advisors (UK) Ltd. (0.4%)
  • APG Asset Management NV (0.4%)

Contact Details

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

Related Companies

  • Lg Display Vietnam Haiphong Co., Ltd.
  • LG Display Reynosa SA de CV
  • LG Display Guangzhou Trading Co. Ltd.
  • LG Display USA, Inc.
  • LG Display Shenzhen Co. Ltd.
  • LG Display China Co. Ltd.
  • LG Chem Ltd. /OLED Lighting Business/
  • LG Display (Yantai) Co. Ltd.
  • LG Display Nanjing Co. Ltd.
  • LG Display Taiwan Co. Ltd.
  • LG Display Shanghai Co. Ltd.
  • LG Display Singapore Pte Ltd.
  • Inspur LG Digital Mobile Communications Co. Ltd.
  • LG Display Guangzhou Co. Ltd.
  • Lucom Display Technology Ltd. /Kunshan/
  • LG Philips Displays
  • Global OLED Technology LLC
  • LG Philips LCD Display Nanjing Co. Ltd.
  • LG Philips Seogwang Electric Co. Ltd.
  • Lg Philips Displays France
  • LG Philips Displays China BV
  • LG Philips Displays Mexico Holding Services SA de CV
  • LG Display America, Inc.
  • Image & Materials, Inc.
  • LG Philips Displays Holding BV
  • LG Philips Displays Poland Sp Zoo
  • LG Philips Displays Finance LLC
  • LG Display Co., Ltd. Employee Stock Ownership Association
  • Barayo Proyectos SA
  • Barayo SA

Competitors

  • Au Optronics Corp.
  • Hannstar Display Corp.
  • Sharp Corporation
  • BOE Technology Group Co., Ltd. Class B
  • Samsung Electronics Co., Ltd.
  • Panasonic Corporation
  • Innolux Corp.
  • TCL Technology Group Corporation Class A
  • Chunghwa Picture Tubes Ltd.
  • Japan Display Inc.
  • Kopin Corporation
  • U.I. Display Co., Ltd.
  • Universal Display Corporation
  • e-Litecom Co., Ltd
  • NextEye Co., Ltd.
  • HAXC Holdings (Beijing) Co. Ltd. Class A
  • INVENIA Co., Ltd.

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Last Updated on 21 Apr, 2021

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