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Electronic Technology

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 2019 KRWUSD
Revenue23,475.56B20,130.23M
Gross Profit1,642.41B1,408.36M
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
EBITDA2,334.29B2,001.64M
Diluted EPS-7,908.27-6.78
Dividends Per Share00
Total Assets35,574.56B30,761.86M
Total liabilities23,086.28B19,963.06M
Total equity11,340.48B9,806.28M
Operating cash flow2,714.04B2,327.28M
Currency in KRWCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 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 2015Dec 2016Dec 2017Dec 2018Dec 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.
Last Updated on 26 Oct, 2020

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