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LG Display Co., Ltd.

  • 22,400.00 KRW
  • -50.00
  • -0.22%
  • South Korea
    Aug 17, 2018
  • Ticker
    KRX(034220)
  • Prev. close
    22,450
  • Market cap (KRW)
    8,032.96B
  • Market cap (USD)
    7,141.99M
  • Shares
    357.81M

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 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.

Financial Highlights

Dec 2017 KRWUSD
Revenue27,790.21B24,582.01M
Gross Profit5,226.84B4,623.43M
Operating income2,459.82B2,175.84M
Income before tax2,332.63B2,063.34M
Net income1,802.75B1,594.63M
EBITDA5,674.39B5,019.32M
Diluted EPS5,0384.45
Dividends Per Share5000.44
Total Assets29,159.68B27,238.04M
Total liabilities14,178.17B13,243.82M
Total equity14,373.48B13,426.25M
Operating cash flow6,772.84B5,990.95M
Currency in KRWCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 27,033.03B 26,455.52B 28,383.88B 26,504.07B 27,790.21B
Gross Profit 3,412.06B 3,698.21B 4,297.43B 3,620.57B 5,226.84B
Operating income 1,163.72B 1,356.72B 1,625.81B 1,311.41B 2,459.82B
Income before tax 806,640M 1,223.99B 1,415.21B 1,316.23B 2,332.63B
Net income 426,118M 904,268M 966,553M 906,713M 1,802.75B
EBITDA 4,998.24B 4,849.03B 5,001.67B 4,332.98B 5,674.39B
Diluted EPS 1,191 2,527 2,701 2,534 5,038
Dividends Per Share 0 500 500 500 500
Total Assets 21,715.28B 22,970.57B 22,579.56B 24,884.33B 29,159.68B
Total liabilities 10,917.86B 11,187.16B 9,874.61B 11,421.94B 14,178.17B
Total equity 10,611.17B 11,431.41B 12,192.95B 12,955.99B 14,373.48B
Operating cash flow 3,599.35B 2,865.86B 2,752.15B 3,700.72B 6,772.84B
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 24,693.05M 25,132.11M 25,078.45M 22,844.60M 24,582.01M
Gross Profit 3,116.72M 3,513.21M 3,796.98M 3,120.67M 4,623.43M
Operating income 1,062.99M 1,288.85M 1,436.48M 1,130.34M 2,175.84M
Income before tax 736.81M 1,162.76M 1,250.40M 1,134.49M 2,063.34M
Net income 389.23M 859.03M 853.99M 781.52M 1,594.63M
EBITDA 4,565.59M 4,606.46M 4,419.20M 3,734.72M 5,019.32M
Diluted EPS 1.08 2.40 2.38 2.18 4.45
Dividends Per Share 0 0.47 0.44 0.43 0.44
Total Assets 20,576.38M 20,898.48M 19,256.80M 20,603.02M 27,238.04M
Total liabilities 10,345.25M 10,178.01M 8,421.48M 9,456.82M 13,243.82M
Total equity 10,054.64M 10,400.22M 10,398.66M 10,726.93M 13,426.25M
Operating cash flow 3,287.79M 2,722.49M 2,431.65M 3,189.75M 5,990.95M

Valuation Measures

Dec 2017
PER5.93
ROA6.67%
ROE13.19%
Operating margin8.85%
Profit margin6.48%

Key executives

  • Chairman & Chief Executive Officer: 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
  • Managing Director & Head-Compliance Officer: Pil-Yong Kim

Shareholders

  • LG Electronics, Inc. (37.9%)
  • National Pension Service of Korea (8.1%)
  • The Vanguard Group, Inc. (1.5%)
  • BlackRock Fund Advisors (1.5%)
  • Dimensional Fund Advisors LP (1.3%)
  • Norges Bank Investment Management (0.8%)
  • Acadian Asset Management LLC (0.5%)
  • BlackRock Advisors (UK) Ltd. (0.4%)
  • Eastspring Investments (Singapore) Ltd. (0.4%)
  • Mirae Asset Global Investments Co., Ltd. (0.3%)

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.
  • Samsung Electronics Co., Ltd.
  • Sharp Corporation
  • Panasonic Corporation
  • Innolux Corp.
  • BOE Technology Group Co., Ltd. Class B
  • Chunghwa Picture Tubes Ltd.
  • Tcl Corporation Class A
  • Hannstar Display Corp.
  • Japan Display Inc.
  • Kopin Corporation
  • Universal Display Corporation
  • SGOCO Group Ltd.
  • INVENIA Co., Ltd.
  • TLI Inc.
  • U.I. Display Co., Ltd.
Last Updated on 17 Aug, 2018

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