LG Display Co., Ltd.
- 12,900.00 KRW
- +50.00
- +0.39%
South Korea
Aug 23, 2019Ticker
KRX(034220)Prev. close
12,850Market cap (KRW)
4,597.93BMarket cap (USD)
3,797.90MShares
357.81M
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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 2018 | KRW | USD |
| Revenue | 24,336.57B | 22,113.74M |
| Gross Profit | 2,910.69B | 2,644.83M |
| Operating income | 92,887M | 84.40M |
| Income before tax | -91,366M | -83.02M |
| Net income | -207,239M | -188.31M |
| EBITDA | 3,647.45B | 3,314.30M |
| Diluted EPS | -579.17 | -0.52 |
| Dividends Per Share | 500 | 0.45 |
| Total Assets | 33,175.71B | 29,732.66M |
| Total liabilities | 18,289.46B | 16,391.34M |
| Total equity | 13,979.18B | 12,528.39M |
| Operating cash flow | 4,489.39B | 4,079.34M |
| Currency in KRW | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 26,455.52B | 28,383.88B | 26,504.07B | 27,790.21B | 24,336.57B |
| Gross Profit | 3,698.21B | 4,297.43B | 3,620.57B | 5,226.84B | 2,910.69B |
| Operating income | 1,356.72B | 1,625.81B | 1,311.41B | 2,459.82B | 92,887M |
| Income before tax | 1,223.99B | 1,415.21B | 1,316.23B | 2,332.63B | -91,366M |
| Net income | 904,268M | 966,553M | 906,713M | 1,802.75B | -207,239M |
| EBITDA | 4,849.03B | 5,001.67B | 4,332.98B | 5,674.39B | 3,647.45B |
| Diluted EPS | 2,527 | 2,701 | 2,534 | 5,038 | -579.17 |
| Dividends Per Share | 500 | 500 | 500 | 500 | 500 |
| Total Assets | 22,970.57B | 22,579.56B | 24,884.33B | 29,159.68B | 33,175.71B |
| Total liabilities | 11,187.16B | 9,874.61B | 11,421.94B | 14,178.17B | 18,289.46B |
| Total equity | 11,431.41B | 12,192.95B | 12,955.99B | 14,373.48B | 13,979.18B |
| Operating cash flow | 2,865.86B | 2,752.15B | 3,700.72B | 6,772.84B | 4,489.39B |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 25,132.11M | 25,078.45M | 22,844.60M | 24,582.01M | 22,113.74M |
| Gross Profit | 3,513.21M | 3,796.98M | 3,120.67M | 4,623.43M | 2,644.83M |
| Operating income | 1,288.85M | 1,436.48M | 1,130.34M | 2,175.84M | 84.40M |
| Income before tax | 1,162.76M | 1,250.40M | 1,134.49M | 2,063.34M | -83.02M |
| Net income | 859.03M | 853.99M | 781.52M | 1,594.63M | -188.31M |
| EBITDA | 4,606.46M | 4,419.20M | 3,734.72M | 5,019.32M | 3,314.30M |
| Diluted EPS | 2.40 | 2.38 | 2.18 | 4.45 | -0.52 |
| Dividends Per Share | 0.47 | 0.44 | 0.43 | 0.44 | 0.45 |
| Total Assets | 20,898.48M | 19,256.80M | 20,603.02M | 27,238.04M | 29,732.66M |
| Total liabilities | 10,178.01M | 8,421.48M | 9,456.82M | 13,243.82M | 16,391.34M |
| Total equity | 10,400.22M | 10,398.66M | 10,726.93M | 13,426.25M | 12,528.39M |
| Operating cash flow | 2,722.49M | 2,431.65M | 3,189.75M | 5,990.95M | 4,079.34M |
Valuation Measures
| Dec 2018 | |
| PER | -- |
| ROA | -0.66% |
| ROE | -1.46% |
| Operating margin | 0.38% |
| Profit margin | -0.85% |
Key executives
- Chairman & Chief Executive Officer: Sang-Beom Han
- 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 (6.8%)
- The Vanguard Group, Inc. (1.6%)
- BlackRock Fund Advisors (1.6%)
- Dimensional Fund Advisors LP (1.4%)
- Samsung Asset Management Co., Ltd. (0.7%)
- Mirae Asset Global Investments Co., Ltd. (0.6%)
- BlackRock Japan Co., Ltd. (0.6%)
- Eastspring Investments (Singapore) Ltd. (0.6%)
- Norges Bank Investment Management (0.5%)
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
- Samsung Electronics Co., Ltd.
- Au Optronics Corp.
- Sharp Corporation
- BOE Technology Group Co., Ltd. Class B
- Panasonic Corporation
- Innolux Corp.
- Chunghwa Picture Tubes Ltd.
- Tcl Corporation Class A
- Hannstar Display Corp.
- Japan Display Inc.
- Kopin Corporation
- Universal Display Corporation
- Meere Company Incorporated
- INVENIA Co., Ltd.
- MiCo Ltd.
- TLI Inc.
- U.I. Display Co., Ltd.
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Last Updated on 23 Aug, 2019