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
Financial Highlights
Dec 2022 | KRW | USD |
Revenue | 83,467.31B | 64,598.10M |
Gross Profit | 19,505.75B | 15,096.14M |
Operating income | 3,524.40B | 2,727.65M |
Income before tax | 3,707.83B | 2,869.61M |
Net income | 1,340.75B | 1,037.65M |
EBITDA | 6,514.25B | 5,041.59M |
Diluted EPS | 6,644.46 | 5.14 |
Dividends Per Share | 700 | 0.54 |
Total Assets | 55,156.14B | 43,618.93M |
Total liabilities | 32,664.14B | 25,831.66M |
Total equity | 18,992.10B | 15,019.46M |
Operating cash flow | 3,107.83B | 2,405.25M |
Currency in KRW | Currency in USD |
Historical Data
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 61,341.66B | 62,306.17B | 58,057.90B | 73,907.98B | 83,467.31B |
Gross Profit | 14,655.69B | 16,128.72B | 14,923.71B | 18,273.14B | 19,505.75B |
Operating income | 2,683.60B | 2,298.74B | 3,905.10B | 4,047.69B | 3,524.40B |
Income before tax | 2,008.57B | 1,580.73B | 3,367.52B | 3,390.01B | 3,707.83B |
Net income | 1,240.13B | 31,285M | 2,616.74B | 2,396.71B | 1,340.75B |
EBITDA | 4,685.03B | 4,805.11B | 6,421.23B | 6,777.04B | 6,514.25B |
Diluted EPS | 6,887.13 | 173.74 | 10,931.17 | 5,729.62 | 6,644.46 |
Dividends Per Share | 750 | 750 | 1,200 | 850 | 700 |
Total Assets | 44,328.44B | 44,859.87B | 48,204.22B | 53,481.47B | 55,156.14B |
Total liabilities | 28,021.53B | 28,434.73B | 30,662.10B | 33,383.44B | 32,664.14B |
Total equity | 14,253.26B | 14,330.08B | 15,437.50B | 17,230.64B | 18,992.10B |
Operating cash flow | 4,541.56B | 3,689.16B | 4,628.57B | 2,677.38B | 3,107.83B |
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 55,738.89M | 53,427.38M | 49,206.29M | 64,539.47M | 64,598.10M |
Gross Profit | 13,317.08M | 13,830.33M | 12,648.41M | 15,956.85M | 15,096.14M |
Operating income | 2,438.48M | 1,971.16M | 3,309.72M | 3,534.61M | 2,727.65M |
Income before tax | 1,825.11M | 1,355.47M | 2,854.10M | 2,960.29M | 2,869.61M |
Net income | 1,126.86M | 26.82M | 2,217.79M | 2,092.91M | 1,037.65M |
EBITDA | 4,257.11M | 4,120.37M | 5,442.24M | 5,917.99M | 5,041.59M |
Diluted EPS | 6.25 | 0.14 | 9.26 | 5.00 | 5.14 |
Dividends Per Share | 0.68 | 0.64 | 1.01 | 0.74 | 0.54 |
Total Assets | 39,727.94M | 38,791.02M | 44,374.68M | 44,989.67M | 43,618.93M |
Total liabilities | 25,113.40M | 24,587.95M | 28,226.18M | 28,082.81M | 25,831.66M |
Total equity | 12,774.03M | 12,391.44M | 14,211.08M | 14,494.75M | 15,019.46M |
Operating cash flow | 4,126.75M | 3,163.44M | 3,922.89M | 2,337.99M | 2,405.25M |
Valuation Measures
Dec 2022 | |
PER | 13.01 |
ROA | 2.46% |
ROE | 7.40% |
Operating margin | 4.22% |
Profit margin | 1.60% |
Key executives
- President. Chief Executive Officer & Director: Joo-wan Cho
- Chief Technology Officer & Executive VP: Byoung-hoon Kim
- Vice President, Head-Legal & Compliance Support: Jong-Sang Lee
- Executive Vice President: Park Hyoung-sei
- Executive Vice President: Brian Na
Shareholders
- LG Corp. (33.6%)
- National Pension Service of Korea (8.4%)
- The Vanguard Group, Inc. (1.7%)
- BlackRock Fund Advisors (1.5%)
- Norges Bank Investment Management (1.2%)
- Dimensional Fund Advisors LP (1.1%)
- APG Asset Management NV (0.7%)
- Mirae Asset Global Investments Co., Ltd. (0.7%)
- Samsung Asset Management Co., Ltd. (0.6%)
- Goldman Sachs Asset Management International (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
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- Zenith Electronics Corporation of Pennsylvania
- Servicios LG Monterrey Mexico SA de CV
- Servicios Integrales LG SA DE CV
- KES Poland Sp zoo
- ZKW Austria Immobilien Holding GmbH
- LG Electronics Finland Lab Oy
- LG Electronics Benelux Sales BV
- Hi-M Solutek Vietnam Co., Ltd.
- Hi-M Solutek Philippines, Inc .
- PT LG Electronics Service Indonesia
Competitors
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- Dreamus Company
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- OSRAM Licht AG
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- Jet Optoelectronics Co., Ltd.
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- Whirlpool Corporation
- HLB Therapeutics Co., Ltd.
- Vuzix Corporation
- CUCKOO HOMESYS CO.,LTD
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- Meyer Burger Technology AG
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- Coway Co., Ltd.
- Daoming Optics & Chemical Co., Ltd. Class A
- Daxin Materials Corporation
- Hyundai Ezwel Co., Ltd.
- Hyundai Futurenet Co., Ltd
- iRobot Corporation
- LOTTE Himart Co., Ltd.
- Lotte Shopping Co., Ltd
- Mechema Chemicals International Corp.
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