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LG Electronics, Inc.
- 74,900.00 KRW
- +1,900.00
- +2.60%
South Korea
Mar 25, 2019Ticker
KRX(066570)Prev. close
73,000Market cap (KRW)
12,443.82BMarket cap (USD)
10,971.93MShares
180.83M
In the news
- Chinese smartphone makers spearhead 5G handset rollout Feb 26, 2019
- Samsung unveils foldable and 5G phones days ahead of Huawei Feb 21, 2019
- Asian tech suppliers brace for prolonged downturn Jan 28, 2019
- US move to wall off tech unsettles Asian companies Jan 11, 2019
- LG teams with Microsoft on self-driving car software Jan 10, 2019 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
Financial Highlights
| Dec 2018 | KRW | USD |
| Revenue | 61,341.66B | 55,738.89M |
| Gross Profit | 14,655.69B | 13,317.08M |
| Operating income | 2,683.60B | 2,438.48M |
| Income before tax | 2,008.57B | 1,825.11M |
| Net income | 1,240.13B | 1,126.86M |
| EBITDA | 4,685.03B | 4,257.11M |
| Diluted EPS | 6,887.13 | 6.25 |
| Dividends Per Share | 750 | 0.68 |
| Total Assets | 44,328.44B | 39,727.94M |
| Total liabilities | 28,021.53B | 25,113.40M |
| Total equity | 14,253.26B | 12,774.03M |
| Operating cash flow | 4,541.56B | 4,126.75M |
| Currency in KRW | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 59,040.76B | 56,509.00B | 55,367.03B | 61,396.28B | 61,341.66B |
| Gross Profit | 13,230.10B | 13,560.33B | 13,266.89B | 14,219.42B | 14,655.69B |
| Operating income | 1,763.64B | 1,160.45B | 1,315.08B | 2,454.78B | 2,683.60B |
| Income before tax | 1,218.27B | 593,125M | 721,717M | 2,558.11B | 2,008.57B |
| Net income | 576,171M | 128,228M | 76,879M | 1,725.77B | 1,240.13B |
| EBITDA | 3,705.13B | 3,093.17B | 3,059.44B | 4,222.35B | 4,685.03B |
| Diluted EPS | 2,831.01 | 690.82 | 426.94 | 9,584 | 6,887.13 |
| Dividends Per Share | 400 | 400 | 400 | 400 | 750 |
| Total Assets | 37,068.42B | 36,313.89B | 37,855.26B | 41,220.95B | 44,328.44B |
| Total liabilities | 24,087.21B | 23,330.40B | 24,498.52B | 26,547.27B | 28,021.53B |
| Total equity | 11,709.53B | 11,626.57B | 11,987.09B | 13,224.26B | 14,253.26B |
| Operating cash flow | 2,029.18B | 2,618.77B | 3,157.99B | 2,166.27B | 4,541.56B |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 56,087.30M | 49,928.28M | 47,722.39M | 54,308.47M | 55,738.89M |
| Gross Profit | 12,568.27M | 11,981.17M | 11,435.10M | 12,577.88M | 13,317.08M |
| Operating income | 1,675.42M | 1,025.31M | 1,133.50M | 2,171.39M | 2,438.48M |
| Income before tax | 1,157.32M | 524.05M | 622.06M | 2,262.79M | 1,825.11M |
| Net income | 547.34M | 113.29M | 66.26M | 1,526.54M | 1,126.86M |
| EBITDA | 3,519.78M | 2,732.96M | 2,637.02M | 3,734.91M | 4,257.11M |
| Diluted EPS | 2.68 | 0.61 | 0.36 | 8.47 | 6.25 |
| Dividends Per Share | 0.37 | 0.35 | 0.34 | 0.35 | 0.68 |
| Total Assets | 33,724.62M | 30,970.01M | 31,342.33M | 38,504.46M | 39,727.94M |
| Total liabilities | 21,914.40M | 19,897.15M | 20,283.59M | 24,797.78M | 25,113.40M |
| Total equity | 10,653.26M | 9,915.62M | 9,924.73M | 12,352.77M | 12,774.03M |
| Operating cash flow | 1,927.67M | 2,313.80M | 2,721.96M | 1,916.18M | 4,126.75M |
Valuation Measures
| Dec 2018 | |
| PER | 9.04 |
| ROA | 2.89% |
| ROE | 9.02% |
| Operating margin | 4.37% |
| Profit margin | 2.02% |
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 (10.0%)
- Dimensional Fund Advisors LP (1.7%)
- BlackRock Fund Advisors (1.7%)
- The Vanguard Group, Inc. (1.6%)
- Norges Bank Investment Management (1.1%)
- APG Asset Management NV (0.9%)
- Samsung Asset Management Co., Ltd. (0.9%)
- BlackRock Japan Co., Ltd. (0.6%)
- 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
- EIC Properties Pte Ltd.
- LG Electronics Colombia Lda.
- 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.
Competitors
- Skyworth Digital Holdings Limited
- Archos SA
- Fitbit, Inc. Class A
- Dayou Automotive Seat Technology Co., Ltd
- Sichuan Changhong Electric Co., Ltd. Class A
- TCL Electronics Holdings Limited
- Midea Group Co. Ltd. Class A
- Whirlpool Corporation
- Inseego Corp.
- OSRAM Licht AG
- Korea Electric Terminal Co., Ltd.
- Continental AG
- Ledtech Electronics Corp.
- Concepcion Industrial Corp.
- Electra Consumer Products Ltd.
- Tadiran Holdings Ltd.
- Visteon Corporation
- Plantronics, Inc.
- Roku, Inc. Class A
- Rechi Precision Co. Ltd.
- WiSoL Co., Ltd.
- Vuzix Corporation
- Daemyung Corporation Co., Ltd
- SK Networks Co., Ltd.
- NETGEAR, Inc.
- BlackBerry Limited
- Capstone Turbine Corporation
- Coway Co., Ltd.
- Cuchen Co., Ltd.
- Display Tech Co., Ltd.
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Last Updated on 25 Mar, 2019