LG Display Co., Ltd.

In the news

Apple's OLED supplier shift gives LG fighting chance against Samsung Jul 28, 2020
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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

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 2021	KRW	USD
Revenue	29,878.04B	26,090.73M
Gross Profit	5,038.06B	4,399.44M
Operating income	2,230.60B	1,947.85M
Income before tax	1,711.10B	1,494.20M
Net income	1,186.18B	1,035.82M
EBITDA	6,731.30B	5,878.05M
Diluted EPS	3,129.56	2.73
Dividends Per Share	650	0.56
Total Assets	38,154.51B	32,096.33M
Total liabilities	23,392.01B	19,677.82M
Total equity	13,118.85B	11,035.84M
Operating cash flow	5,757.51B	5,027.69M
	Currency in KRW	Currency in USD

Historical Data

KRW | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	27,790.21B	24,336.57B	23,475.56B	24,261.56B	29,878.04B
Gross Profit	5,226.84B	2,910.69B	1,642.41B	2,419.74B	5,038.06B
Operating income	2,459.82B	92,887M	-1,360.76B	-36,465M	2,230.60B
Income before tax	2,332.63B	-91,366M	-3,356.38B	-614,991M	1,711.10B
Net income	1,802.75B	-207,239M	-2,829.70B	-94,853M	1,186.18B
EBITDA	5,674.39B	3,647.45B	2,334.29B	4,097.56B	6,731.30B
Diluted EPS	5,038	-579.17	-7,908.27	-265.08	3,129.56
Dividends Per Share	500	0	0	0	650
Total Assets	29,159.68B	33,175.71B	35,574.56B	35,066.01B	38,154.51B
Total liabilities	14,178.17B	18,289.46B	23,086.28B	22,334.58B	23,392.01B
Total equity	14,373.48B	13,979.18B	11,340.48B	11,395.53B	13,118.85B
Operating cash flow	6,772.84B	4,489.39B	2,714.04B	2,287.02B	5,757.51B

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	24,582.01M	22,113.74M	20,130.23M	20,562.59M	26,090.73M
Gross Profit	4,623.43M	2,644.83M	1,408.36M	2,050.82M	4,399.44M
Operating income	2,175.84M	84.40M	-1,166.84M	-30.90M	1,947.85M
Income before tax	2,063.34M	-83.02M	-2,878.09M	-521.22M	1,494.20M
Net income	1,594.63M	-188.31M	-2,426.46M	-80.39M	1,035.82M
EBITDA	5,019.32M	3,314.30M	2,001.64M	3,472.84M	5,878.05M
Diluted EPS	4.45	-0.52	-6.78	-0.22	2.73
Dividends Per Share	0.44	0	0	0	0.56
Total Assets	27,238.04M	29,732.66M	30,761.86M	32,280.22M	32,096.33M
Total liabilities	13,243.82M	16,391.34M	19,963.06M	20,560.23M	19,677.82M
Total equity	13,426.25M	12,528.39M	9,806.28M	10,490.22M	11,035.84M
Operating cash flow	5,990.95M	4,079.34M	2,327.28M	1,938.33M	5,027.69M

Valuation Measures

Dec 2021
PER	7.42
ROA	3.24%
ROE	9.67%
Operating margin	7.46%
Profit margin	3.97%

Key executives

President, Chief Executive Officer & Director: Ho-Young Jeong
Chief Financial Officer & Director: Dong-Hee Suh
Chief Technology Officer: Soo-young Yoon
Managing Director & Head-IT business: Hyeong-Seok Choi
Managing Director, Head-Legal & Compliance Support: Beom-Soon Kim

Shareholders

LG Electronics, Inc. (37.9%)
National Pension Service of Korea (5.3%)
The Vanguard Group, Inc. (1.6%)
BlackRock Fund Advisors (1.5%)
Mirae Asset Global Investments Co., Ltd. (1.1%)
Dimensional Fund Advisors LP (0.7%)
Samsung Asset Management Co., Ltd. (0.6%)
BlackRock Advisors (UK) Ltd. (0.5%)
Geode Capital Management LLC (0.3%)
Charles Schwab Investment Management, Inc. (0.2%)

Contact Details

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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LG Display Fund I LLC
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LG Display (Yantai) Co., Ltd.
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LG Display Taiwan Co., Ltd.
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Lucom Display Technology Ltd. /Kunshan/
LG Philips Displays
LG Display Japan Co., Ltd.
Global OLED Technology LLC
LG Display Germany GmbH
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LG Philips Displays China BV
LG Philips Displays Mexico Holding Services SA de CV
LG Display America, Inc.

Competitors

AUO Corp.
Sharp Corporation
BOE Technology Group Co., Ltd. Class A
Panasonic Holdings Corporation
Samsung Electronics Co., Ltd.
Innolux Corp.
TCL Technology Group Corporation Class A
Hannstar Display Corp.
Japan Display Inc.
Kopin Corporation
Universal Display Corporation
U.I. Display Co., Ltd.
e-Litecom Co., Ltd
NVH Korea, Inc.
DSK Co., Ltd
INVENIA Co., Ltd.
Xi'an Manareco New Materials Co., Ltd. Class A

Last Updated on 30 Sep, 2022