Consumer Durables
LG Electronics, Inc.
In the news
- Huawei summit, Hang Seng Tech Index launch and Apple Q3 results Jul 26, 2020
- China cinemas reopen, STAR Market anniversary, PAL Holdings AGM Jul 19, 2020
- LG debuts fan-powered mask to ease breathing Jul 13, 2020
- US to allow companies to work with Huawei on 5G standards Jun 17, 2020
- LG Electronics tops giant Samsung in white goods Jun 13, 2020 See more articles on LG Electronics, Inc.
Company Background
LG Electronics is a core company of South Korean conglomerate LG group, alongside LG Chem. Founded in 1958, LG Electronics has led the country's electronics industry since its early days as the first producer of radios, TVs and other appliances. Now, it is the second-largest electronics maker after Samsung Electronics.
Although LG Electronics lags far behind Samsung in semiconductors and smartphones, the two companies are in close competition in areas such as TVs, washing machines and refrigerators, at home and abroad. Headhunting and patent infringement suits are also common between the two companies. LG Electronics is known for its more laid-back work atmosphere compared to Samsung, which requires its employees to deliver results in a short time.
Its affiliated companies, such as LG Display and LG Innotek, produce liquid crystal display panels and electronic parts. Amid increased competition with its Chinese rivals in consumer products, LG Electronics aims to boost sales of electronic parts outside the group. It has, for example, set up a division specializing in research and development and supply to automakers.
Koo Bon-joon, vice chairman of LG Electronics, is the brother of LG Corp. chairman Koo Bon-moo, and the grandson of Koo In-hwoi, the company founder. He cannot ignore his brother when making important management decisions.
Business Summary
LG Electronics, Inc. engages in the manufacturing of display devices, home appliances, multimedia goods, electronic parts and develops software. It operates through the following business areas: Home Entertainment, Mobile Communications, Home Appliance, Air-Conditioning, Energy Solution and Independent business area. The Home Entertainment business area provides products such as televisions, monitors, personal computers for IT, Car Infotainment and produces Chemical and Electronic Materials. The Mobile Communications business area offers products such as handsets and tablets. The Home Appliance business area provides products such as refrigerators, washing machines, cooking and cleaning and health care appliances. The Air Conditioning and Energy Solution business area manufactures products such as Light Emitting Diode (LED) lightings, residential and system air conditioners. The Independent business area provides products such as compressors, storage devices, PC, telematics and solar cells. The company was founded by In-Hwoi Koo on Oct 1, 1958 and is headquartered in Seoul, South Korea.
Financial Highlights
| Dec 2020 | KRW | USD |
| Revenue | 63,262.04B | 53,616.99M |
| Gross Profit | 16,758.78B | 14,203.71M |
| Operating income | 3,179.48B | 2,694.73M |
| Income before tax | 2,479.82B | 2,101.74M |
| Net income | 1,968.33B | 1,668.23M |
| EBITDA | 5,822.39B | 4,934.70M |
| Diluted EPS | 10,931.17 | 9.26 |
| Dividends Per Share | 1,200 | 1.01 |
| Total Assets | 48,204.22B | 44,374.68M |
| Total liabilities | 30,662.10B | 28,226.18M |
| Total equity | 15,437.50B | 14,211.08M |
| Operating cash flow | 4,628.57B | 3,922.89M |
| Currency in KRW | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 55,367.03B | 61,396.28B | 61,341.66B | 62,306.17B | 63,262.04B |
| Gross Profit | 13,266.89B | 14,219.42B | 14,655.69B | 16,128.72B | 16,758.78B |
| Operating income | 1,315.08B | 2,454.78B | 2,683.60B | 2,298.74B | 3,179.48B |
| Income before tax | 721,717M | 2,558.11B | 2,008.57B | 1,580.73B | 2,479.82B |
| Net income | 76,879M | 1,725.77B | 1,240.13B | 31,285M | 1,968.33B |
| EBITDA | 3,059.44B | 4,222.35B | 4,685.03B | 4,805.11B | 5,822.39B |
| Diluted EPS | 426.94 | 9,584 | 6,887.13 | 173.74 | 10,931.17 |
| Dividends Per Share | 400 | 400 | 750 | 750 | 1,200 |
| Total Assets | 37,855.26B | 41,220.95B | 44,328.44B | 44,859.87B | 48,204.22B |
| Total liabilities | 24,498.52B | 26,547.27B | 28,021.53B | 28,434.73B | 30,662.10B |
| Total equity | 11,987.09B | 13,224.26B | 14,253.26B | 14,330.08B | 15,437.50B |
| Operating cash flow | 3,157.99B | 2,166.27B | 4,541.56B | 3,689.16B | 4,628.57B |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 47,722.39M | 54,308.47M | 55,738.89M | 53,427.38M | 53,616.99M |
| Gross Profit | 11,435.10M | 12,577.88M | 13,317.08M | 13,830.33M | 14,203.71M |
| Operating income | 1,133.50M | 2,171.39M | 2,438.48M | 1,971.16M | 2,694.73M |
| Income before tax | 622.06M | 2,262.79M | 1,825.11M | 1,355.47M | 2,101.74M |
| Net income | 66.26M | 1,526.54M | 1,126.86M | 26.82M | 1,668.23M |
| EBITDA | 2,637.02M | 3,734.91M | 4,257.11M | 4,120.37M | 4,934.70M |
| Diluted EPS | 0.36 | 8.47 | 6.25 | 0.14 | 9.26 |
| Dividends Per Share | 0.34 | 0.35 | 0.68 | 0.64 | 1.01 |
| Total Assets | 31,342.33M | 38,504.46M | 39,727.94M | 38,791.02M | 44,374.68M |
| Total liabilities | 20,283.59M | 24,797.78M | 25,113.40M | 24,587.95M | 28,226.18M |
| Total equity | 9,924.73M | 12,352.77M | 12,774.03M | 12,391.44M | 14,211.08M |
| Operating cash flow | 2,721.96M | 1,916.18M | 4,126.75M | 3,163.44M | 3,922.89M |
Valuation Measures
| Dec 2020 | |
| PER | 12.35 |
| ROA | 4.23% |
| ROE | 13.22% |
| Operating margin | 5.02% |
| Profit margin | 3.11% |
Key executives
- Chief Executive Officer: Brian Kwon
- Chief Technology Officer: Il-Pyung Park
- Vice President, Head-Legal & Compliance Support: Jong-Sang Lee
- Senior Vice President: Taeg-il Cho
- Vice President: Ho-Kun Hwang
Shareholders
- LG Corp. (33.6%)
- National Pension Service of Korea (9.5%)
- BlackRock Fund Advisors (1.7%)
- The Vanguard Group, Inc. (1.6%)
- Dimensional Fund Advisors LP (1.5%)
- Norges Bank Investment Management (1.1%)
- APG Asset Management NV (0.9%)
- Mirae Asset Global Investments Co., Ltd. (0.5%)
- BlackRock Advisors (UK) Ltd. (0.5%)
- Samsung Asset Management Co., Ltd. (0.5%)
Contact Details
- Website:http://www.lge.com
- Address: LG Twin Tower, 128 Yeoui-daero, Seoul, 07336, South Korea
- Phone: +82.2.3777.1114
Related Companies
- Lg Electronics, Inc. /Smartphone Business/
- EIC Properties Pte Ltd.
- LG Electronics Colombia Lda.
- Lg Electronics India Ltd.
- LG Fuel Cell Systems Korea, Inc.
- LG Electronics Peru SA
- Hua Fei Color Display Systems Co., Ltd.
- LG Holdings (HK) Ltd.
- LG Optical (Mfg) Ltd.
- Hi Plaza, Inc.
- Ace R&A Co., Ltd.
- Nanjing LG International Vmi Co. Ltd.
- LG Electronics Vietnam Hai Phong Co. Ltd.
- LG Electronics (Hangzhou) Co. Ltd.
- LG Electronics (China) R&D Center Co. Ltd.
- LG Electronics (Shanghai) R&D Center Co. Ltd.
- Shanghai LG Electronics Co. Ltd.
- LG Electronics Gulf FZE
- LG Electronics (Qinhuangdao) Co. Ltd.
- Qingdao LG Inspur Digital Communication Co. Ltd.
- ZKW Group GmbH
- Hewlett-Packard Co. /Web Operating System Business/
- LG Electronics, Inc. Employee Stock Ownership Association
- LG Electronics Rus OOO
- Daewoo Entec Co. Ltd.
- LG Electronics HK Ltd.
- New Allied Electronics Industries (Pvt) Ltd.
- PT LG Electronics Indonesia
- LS Mtron Co. Ltd. /Air Conditioning Business/
- LG Electronics Inc. Chile Ltda.
Competitors
- Lite-On Technology Corp.
- VOXX International Corporation Class A
- Archos SA
- Dayou Automotive Seat Technology Co., Ltd
- TCL Electronics Holdings Limited
- NETGEAR, Inc.
- Inseego Corp.
- OSRAM Licht AG
- AFCON Holdings Ltd
- WiSoL Co., Ltd.
- Beijer Ref AB Class B
- Concepcion Industrial Corp.
- Vuzix Corporation
- Whirlpool Corporation
- G-treeBNT Co., Ltd.
- Display Tech Co., Ltd.
- Maxeon Solar Technologies, Ltd.
- Genesis Photonics Inc.
- Tadiran Holdings Ltd.
- Canadian Solar Inc.
- Hyundai Energy Solutions Co., Ltd.
- Kyung In Electronics Co., Ltd.
- SK Networks Co., Ltd.
- Bubang Co., Ltd.
- Capstone Turbine Corporation
- COWAY Co., Ltd.
- CUCKOO HOMESYS CO.,LTD
- iRobot Corporation
- LOTTE Himart Co., Ltd.
- Lotte Shopping Co., Ltd
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Last Updated on 9 Apr, 2021
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