LG Display Co., Ltd.
In the news
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- Fueled by Tesla deal, LG Chem goes full throttle on EV batteries Jul 21, 2020
- China cinemas reopen, STAR Market anniversary, PAL Holdings AGM Jul 19, 2020
- Apple opts for OLED screens for entire 5G iPhone range Jul 7, 2020 See more articles on LG Display Co., Ltd.
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
Financial Highlights
| Dec 2019 | KRW | USD |
| Revenue | 23,475.56B | 20,130.23M |
| Gross Profit | 1,642.41B | 1,408.36M |
| Operating income | -1,360.76B | -1,166.84M |
| Income before tax | -3,356.38B | -2,878.09M |
| Net income | -2,829.70B | -2,426.46M |
| EBITDA | 2,334.29B | 2,001.64M |
| Diluted EPS | -7,908.27 | -6.78 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 35,574.56B | 30,761.86M |
| Total liabilities | 23,086.28B | 19,963.06M |
| Total equity | 11,340.48B | 9,806.28M |
| Operating cash flow | 2,714.04B | 2,327.28M |
| Currency in KRW | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 28,383.88B | 26,504.07B | 27,790.21B | 24,336.57B | 23,475.56B |
| Gross Profit | 4,297.43B | 3,620.57B | 5,226.84B | 2,910.69B | 1,642.41B |
| Operating income | 1,625.81B | 1,311.41B | 2,459.82B | 92,887M | -1,360.76B |
| Income before tax | 1,415.21B | 1,316.23B | 2,332.63B | -91,366M | -3,356.38B |
| Net income | 966,553M | 906,713M | 1,802.75B | -207,239M | -2,829.70B |
| EBITDA | 5,001.67B | 4,332.98B | 5,674.39B | 3,647.45B | 2,334.29B |
| Diluted EPS | 2,701 | 2,534 | 5,038 | -579.17 | -7,908.27 |
| Dividends Per Share | 500 | 500 | 500 | 0 | 0 |
| Total Assets | 22,579.56B | 24,884.33B | 29,159.68B | 33,175.71B | 35,574.56B |
| Total liabilities | 9,874.61B | 11,421.94B | 14,178.17B | 18,289.46B | 23,086.28B |
| Total equity | 12,192.95B | 12,955.99B | 14,373.48B | 13,979.18B | 11,340.48B |
| Operating cash flow | 2,752.15B | 3,700.72B | 6,772.84B | 4,489.39B | 2,714.04B |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 25,078.45M | 22,844.60M | 24,582.01M | 22,113.74M | 20,130.23M |
| Gross Profit | 3,796.98M | 3,120.67M | 4,623.43M | 2,644.83M | 1,408.36M |
| Operating income | 1,436.48M | 1,130.34M | 2,175.84M | 84.40M | -1,166.84M |
| Income before tax | 1,250.40M | 1,134.49M | 2,063.34M | -83.02M | -2,878.09M |
| Net income | 853.99M | 781.52M | 1,594.63M | -188.31M | -2,426.46M |
| EBITDA | 4,419.20M | 3,734.72M | 5,019.32M | 3,314.30M | 2,001.64M |
| Diluted EPS | 2.38 | 2.18 | 4.45 | -0.52 | -6.78 |
| Dividends Per Share | 0.44 | 0.43 | 0.44 | 0 | 0 |
| Total Assets | 19,256.80M | 20,603.02M | 27,238.04M | 29,732.66M | 30,761.86M |
| Total liabilities | 8,421.48M | 9,456.82M | 13,243.82M | 16,391.34M | 19,963.06M |
| Total equity | 10,398.66M | 10,726.93M | 13,426.25M | 12,528.39M | 9,806.28M |
| Operating cash flow | 2,431.65M | 3,189.75M | 5,990.95M | 4,079.34M | 2,327.28M |
Valuation Measures
| Dec 2019 | |
| PER | -- |
| ROA | -8.23% |
| ROE | -22.35% |
| Operating margin | -5.79% |
| Profit margin | -12.05% |
Key executives
- President, Chief Executive Officer & Director: Ho-Young Jeong
- Managing Director & Head-Finance: Sung-Hyun Kim
- CTO & Senior Managing Director: In-Byung Kang
- 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 (5.0%)
- The Vanguard Group, Inc. (1.8%)
- BlackRock Fund Advisors (1.5%)
- Dimensional Fund Advisors LP (1.2%)
- Eastspring Investments (Singapore) Ltd. (0.6%)
- Mirae Asset Global Investments Co., Ltd. (0.5%)
- Research Affiliates LLC (0.4%)
- Norges Bank Investment Management (0.4%)
- BlackRock Advisors (UK) Ltd. (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 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
- Jiin Hui Industry Co. Ltd.
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
- Universal Display Corporation
- e-Litecom Co., Ltd
- NextEye Co., Ltd.
- Entire Technology Co Ltd
- INVENIA Co., Ltd.
- U.I. Display Co., Ltd.
Copyright © 2020 FactSet Research Systems Inc. All rights reserved.
Last Updated on 26 Oct, 2020
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