LG Display Co., Ltd.

In the news

Samsung to invest $11bn in cutting-edge quantum dot displays Oct 10, 2019
LG Display and Samsung race Chinese rivals as LCD woes deepen Sep 24, 2019
LG Display to replace its chief executive amid mounting losses Sep 16, 2019
Foxconn Terry Gou's struggling display plant seeks fresh capital Sep 12, 2019
Apple to launch new low-cost iPhone in 2020 to halt sales decline Sep 4, 2019

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

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 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

KRW | USD

	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 (1.5%)
Dimensional Fund Advisors LP (1.4%)
Samsung Asset Management Co., Ltd. (0.7%)
Eastspring Investments (Singapore) Ltd. (0.6%)
Norges Bank Investment Management (0.5%)
Mirae Asset Global Investments Co., Ltd. (0.5%)
Bessemer Investment Management LLC (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

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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.
Japan Display Inc.
Tcl Corporation Class A
Hannstar Display Corp.
DARWIN PRECISIONS Corporation
Kopin Corporation
Universal Display Corporation
Meere Company Incorporated
INVENIA Co., Ltd.
TLI Inc.
U.I. Display Co., Ltd.

Last Updated on 11 Oct, 2019