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LG Display Co., Ltd.
- 21,000.00 KRW
- -100.00
- -0.47%
South Korea
Mar 15, 2019Ticker
KRX(034220)Prev. close
21,100Market cap (KRW)
7,549.91BMarket cap (USD)
6,638.74MShares
357.81M
In the news
- Investors remain wary about China's large stocks of indium Mar 18, 2019
- Japan manufacturers' OLED TV sales poised to top 1m in 2019 Dec 17, 2018
- 'Huawei freeze' chills global supply chain Dec 8, 2018
- Samsung takes hit from Apple's shift back to cheaper LCDs Nov 7, 2018
- South Korea's LG Display swings to Q3 profit on seasonal price boost Oct 24, 2018 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 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
- Chief Operations Officer & Vice President: Yu-Seoung Yin
- Chief Financial Officer & Senior Vice President: Dong-hee Suh
- 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 (7.1%)
- BlackRock Fund Advisors (1.7%)
- The Vanguard Group, Inc. (1.6%)
- Dimensional Fund Advisors LP (1.4%)
- Samsung Asset Management Co., Ltd. (0.8%)
- Norges Bank Investment Management (0.8%)
- BlackRock Japan Co., Ltd. (0.6%)
- Eastspring Investments (Singapore) Ltd. (0.5%)
- 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.
- Samsung Electronics Co., Ltd.
- 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
- INVENIA Co., Ltd.
- TLI Inc.
- U.I. Display Co., Ltd.
Copyright © 2019 FactSet Research Systems Inc. All rights reserved.
Last Updated on 15 Mar, 2019