ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Distribution Services

LG Display Co., Ltd.

  • 19,400.00 KRW
  • +50.00
  • +0.26%
  • South Korea
    Feb 15, 2019
  • Ticker
    KRX(034220)
  • Prev. close
    19,350
  • Market cap (KRW)
    6,923.73B
  • Market cap (USD)
    6,133.98M
  • 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 2018 KRWUSD
Revenue24,337.00B22,114.13M
Gross Profit3,085.00B2,803.22M
Operating income3,085.00B2,803.22M
Income before tax-91,000M-82.68M
Net income-179,000M-162.65M
EBITDA6,640.00B6,033.52M
Diluted EPS-501-0.45
Dividends Per Share5000.45
Total Assets33,176.00B29,732.92M
Total liabilities16,959.00B15,198.96M
Total equity14,887.00B13,341.99M
Operating cash flow4,485.00B4,075.35M
Currency in KRWCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 26,455.52B 28,383.88B 26,504.07B 27,790.21B 24,337.00B
Gross Profit 3,698.21B 4,297.43B 3,620.57B 5,226.84B 3,085.00B
Operating income 1,356.72B 1,625.81B 1,311.41B 2,459.82B 3,085.00B
Income before tax 1,223.99B 1,415.21B 1,316.23B 2,332.63B -91,000M
Net income 904,268M 966,553M 906,713M 1,802.75B -179,000M
EBITDA 4,849.03B 5,001.67B 4,332.98B 5,674.39B 6,640.00B
Diluted EPS 2,527 2,701 2,534 5,038 -501
Dividends Per Share 500 500 500 500 500
Total Assets 22,970.57B 22,579.56B 24,884.33B 29,159.68B 33,176.00B
Total liabilities 11,187.16B 9,874.61B 11,421.94B 14,178.17B 16,959.00B
Total equity 11,431.41B 12,192.95B 12,955.99B 14,373.48B 14,887.00B
Operating cash flow 2,865.86B 2,752.15B 3,700.72B 6,772.84B 4,485.00B
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 25,132.11M 25,078.45M 22,844.60M 24,582.01M 22,114.13M
Gross Profit 3,513.21M 3,796.98M 3,120.67M 4,623.43M 2,803.22M
Operating income 1,288.85M 1,436.48M 1,130.34M 2,175.84M 2,803.22M
Income before tax 1,162.76M 1,250.40M 1,134.49M 2,063.34M -82.68M
Net income 859.03M 853.99M 781.52M 1,594.63M -162.65M
EBITDA 4,606.46M 4,419.20M 3,734.72M 5,019.32M 6,033.52M
Diluted EPS 2.40 2.38 2.18 4.45 -0.45
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 29,732.92M
Total liabilities 10,178.01M 8,421.48M 9,456.82M 13,243.82M 15,198.96M
Total equity 10,400.22M 10,398.66M 10,726.93M 13,426.25M 13,341.99M
Operating cash flow 2,722.49M 2,431.65M 3,189.75M 5,990.95M 4,075.35M

Valuation Measures

Dec 2018
PER--
ROA-0.57%
ROE-1.22%
Operating margin12.67%
Profit margin-0.73%

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 (1.3%)
  • Norges Bank Investment Management (0.8%)
  • Samsung Asset Management Co., Ltd. (0.7%)
  • 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.
Last Updated on 15 Feb, 2019

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media