LG Electronics, Inc.

76,100.00 KRW
+2,500.00
+3.40%

South Korea
Aug 14, 2018
Ticker
KRX(066570)
Prev. close
73,600
Market cap (KRW)
12,044.47B
Market cap (USD)
10,678.20M
Shares
163.64M

In the news

Air conditioner makers battle for Vietnam's red-hot market May 30, 2018
The World Cup economy to bring Thailand bigger TVs May 25, 2018
LG prepares for succession as chairman's health fails May 18, 2018
LG to buy Austrian headlight maker ZKW for $1.3bn Apr 27, 2018
LG Display posts first-quarter loss on low LCD prices Apr 25, 2018

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 April 1, 2002 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2017	KRW	USD
Revenue	61,396.28B	54,308.47M
Gross Profit	14,219.42B	12,577.88M
Operating income	2,454.78B	2,171.39M
Income before tax	2,558.11B	2,262.79M
Net income	1,725.77B	1,526.54M
EBITDA	4,222.35B	3,734.91M
Diluted EPS	9,584	8.47
Dividends Per Share	400	0.35
Total Assets	41,220.95B	38,504.46M
Total liabilities	26,547.27B	24,797.78M
Total equity	13,224.26B	12,352.77M
Operating cash flow	2,166.27B	1,916.18M
	Currency in KRW	Currency in USD

Historical Data

KRW | USD

	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017
Revenue	56,772.30B	59,040.76B	56,509.00B	55,367.03B	61,396.28B
Gross Profit	12,676.14B	13,230.10B	13,560.33B	13,266.89B	14,219.42B
Operating income	1,223.71B	1,763.64B	1,160.45B	1,315.08B	2,454.78B
Income before tax	589,544M	1,218.27B	593,125M	721,717M	2,558.11B
Net income	185,069M	576,171M	128,228M	76,879M	1,725.77B
EBITDA	3,098.77B	3,705.13B	3,093.17B	3,059.44B	4,222.35B
Diluted EPS	983.64	2,831.01	690.82	426.94	9,584
Dividends Per Share	200	400	400	400	400
Total Assets	35,528.06B	37,068.42B	36,313.89B	37,855.26B	41,220.95B
Total liabilities	22,848.58B	24,087.21B	23,330.40B	24,498.52B	26,547.27B
Total equity	11,729.31B	11,709.53B	11,626.57B	11,987.09B	13,224.26B
Operating cash flow	2,210.90B	2,029.18B	2,618.77B	3,157.99B	2,166.27B

	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017
Revenue	51,858.09M	56,087.30M	49,928.28M	47,722.39M	54,308.47M
Gross Profit	11,578.90M	12,568.27M	11,981.17M	11,435.10M	12,577.88M
Operating income	1,117.78M	1,675.42M	1,025.31M	1,133.50M	2,171.39M
Income before tax	538.51M	1,157.32M	524.05M	622.06M	2,262.79M
Net income	169.04M	547.34M	113.29M	66.26M	1,526.54M
EBITDA	2,830.54M	3,519.78M	2,732.96M	2,637.02M	3,734.91M
Diluted EPS	0.89	2.68	0.61	0.36	8.47
Dividends Per Share	0.18	0.37	0.35	0.34	0.35
Total Assets	33,664.72M	33,724.62M	30,970.01M	31,342.33M	38,504.46M
Total liabilities	21,650.24M	21,914.40M	19,897.15M	20,283.59M	24,797.78M
Total equity	11,114.14M	10,653.26M	9,915.62M	9,924.73M	12,352.77M
Operating cash flow	2,019.52M	1,927.67M	2,313.80M	2,721.96M	1,916.18M

Valuation Measures

Dec 2017
PER	11.06
ROA	4.36%
ROE	13.69%
Operating margin	3.99%
Profit margin	2.81%

Key executives

President, Co-CEO, CFO & Director: Do-Hyun Jung
Vice Chairman & Co-Chief Executive Officer: Seong-Jin Cho
Chief Technology Officer: Il-Pyung Park
Executive VP & Head-European Operations: Wayne Park
Vice President: Kevin Cha

Shareholders

LG Corp. (33.6%)
National Pension Service of Korea (9.3%)
Dimensional Fund Advisors LP (1.8%)
The Vanguard Group, Inc. (1.6%)
BlackRock Fund Advisors (1.3%)
Norges Bank Investment Management (1.1%)
APG Asset Management NV (1.1%)
Acadian Asset Management LLC (0.5%)
LG Electronics, Inc. (0.4%)
BlackRock Advisors (UK) Ltd. (0.4%)

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 Fuel Cell Systems Korea, Inc.
LG Electronics, Inc. /Time Controller Business/
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 Fuel Cell Systems, Inc.
LG Electronics, Inc. Employee Stock Ownership Association
Daewoo Entec Co. Ltd.
LG Electronics HK Ltd.
New Allied Electronics Industries (Pvt) Ltd.
LS Mtron Co. Ltd. /Air Conditioning Business/
LG Electronics Inc. Chile Ltda.
LG Electronics Taiwan Taipei Co. Ltd.
LG Electronics Portugal SA
Innopla Co. Ltd.
LG Electronics Nanjing Display Co. Ltd.
Triveni Digital, Inc.

Competitors

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Tadiran Holdings Ltd.
Dayou Automotive Seat Technology Co., Ltd
Electrolux AB Class B
Whirlpool Corporation
Inseego Corp.
OSRAM Licht AG
Korea Electric Terminal Co., Ltd.
Bigben Interactive SA
Continental AG
Concepcion Industrial Corp.
Visteon Corporation
Plantronics, Inc.
Electra Consumer Products Ltd.
Ledtech Electronics Corp.
FuelCell Energy, Inc.
Roku, Inc. Class A
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WiSoL Co., Ltd.
Vuzix Corporation
Daemyung Corporation Co., Ltd
Orbotech Ltd.
SK Networks Co., Ltd.
NETGEAR, Inc.

Last Updated on 14 Aug, 2018

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LG Electronics, Inc.

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