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Consumer Durables

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 2021 KRWUSD
Revenue74,721.90B65,250.22M
Gross Profit----
Operating income3,867.70B3,377.43M
Income before tax----
Net income----
EBITDA----
Diluted EPS----
Dividends Per Share1,2001.04
Total Assets----
Total liabilities----
Total equity----
Operating cash flow----
Currency in KRWCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 61,396.28B 61,341.66B 62,306.17B 63,262.04B 74,721.90B
Gross Profit 14,219.42B 14,655.69B 16,128.72B 16,758.78B --
Operating income 2,454.78B 2,683.60B 2,298.74B 3,179.48B 3,867.70B
Income before tax 2,558.11B 2,008.57B 1,580.73B 2,479.82B --
Net income 1,725.77B 1,240.13B 31,285M 1,968.33B --
EBITDA 4,222.35B 4,685.03B 4,805.11B 5,822.39B --
Diluted EPS 9,584 6,887.13 173.74 10,931.17 --
Dividends Per Share 400 750 750 1,200 1,200
Total Assets 41,220.95B 44,328.44B 44,859.87B 48,204.22B --
Total liabilities 26,547.27B 28,021.53B 28,434.73B 30,662.10B --
Total equity 13,224.26B 14,253.26B 14,330.08B 15,437.50B --
Operating cash flow 2,166.27B 4,541.56B 3,689.16B 4,628.57B --
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 54,308.47M 55,738.89M 53,427.38M 53,616.99M 65,250.22M
Gross Profit 12,577.88M 13,317.08M 13,830.33M 14,203.71M --
Operating income 2,171.39M 2,438.48M 1,971.16M 2,694.73M 3,377.43M
Income before tax 2,262.79M 1,825.11M 1,355.47M 2,101.74M --
Net income 1,526.54M 1,126.86M 26.82M 1,668.23M --
EBITDA 3,734.91M 4,257.11M 4,120.37M 4,934.70M --
Diluted EPS 8.47 6.25 0.14 9.26 --
Dividends Per Share 0.35 0.68 0.64 1.01 1.04
Total Assets 38,504.46M 39,727.94M 38,791.02M 44,374.68M --
Total liabilities 24,797.78M 25,113.40M 24,587.95M 28,226.18M --
Total equity 12,352.77M 12,774.03M 12,391.44M 14,211.08M --
Operating cash flow 1,916.18M 4,126.75M 3,163.44M 3,922.89M --

Valuation Measures

Dec 2021
PER--
ROA--
ROE--
Operating margin5.17%
Profit margin--

Key executives

  • Chief Executive Officer: Joo-wan Cho
  • Chief Technology Officer & Executive VP: Byoung-hoon Kim
  • Vice President, Head-Legal & Compliance Support: Jong-Sang Lee
  • Executive Vice President & Head-Business Solutions: Ik-hwan Jang
  • Senior Vice President: Taeg-il Cho

Shareholders

  • LG Corp. (33.6%)
  • National Pension Service of Korea (8.5%)
  • The Vanguard Group, Inc. (1.6%)
  • BlackRock Fund Advisors (1.4%)
  • Norges Bank Investment Management (1.1%)
  • Dimensional Fund Advisors LP (1.0%)
  • APG Asset Management NV (0.7%)
  • Mirae Asset Global Investments Co., Ltd. (0.6%)
  • Samsung Asset Management Co., Ltd. (0.6%)
  • BlackRock Advisors (UK) 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 Nanjing Vehicle Components Co., Ltd.
  • LG Japan Lab Co., Ltd.
  • LG Electronics Dubai FZE
  • LG Electronics Algerie SARL
  • LG Electronics Africa Logistics FZE
  • LG Electronics Angola Lda.
  • LG Electronics Guatemala SA
  • LG Consulting Corp.
  • LG Electronics Venezuela SA
  • LG Electronics Ukraine Co., Ltd.
  • LG Electronics Almaty Kazakhstan LLC
  • Hi M Solutek Hvac Service & Maintenance LLC
  • LG Electronics Saudi Arabia LLC
  • LG Electronics S.A. (Pty) Ltd.
  • LG Electronics Overseas Trading FZE
  • LGENAF Service Co. SARL
  • LG Electronics Nigeria Ltd.
  • LG Electronics Fund I LLC
  • LGEUS Power LLC
  • LG Electronics Vehicle Components U.S.A. LLC
  • 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

  • VOXX International Corporation Class A
  • Archos SA
  • Dayou Automotive Seat Technology Co., Ltd
  • TCL Electronics Holdings Limited
  • NETGEAR, Inc.
  • Inseego Corp.
  • Dreamus Company
  • OSRAM Licht AG
  • AFCON Holdings Ltd
  • Beijer Ref AB Class B
  • WiSoL Co., Ltd.
  • Vuzix Corporation
  • Whirlpool Corporation
  • HLB Therapeutics Co., Ltd.
  • Display Tech Co., Ltd.
  • Tadiran Group Ltd
  • Capstone Green Energy Corporation
  • Meyer Burger Technology AG
  • SK Networks Co., Ltd.
  • COWAY Co., Ltd.
  • CUCKOO HOMESYS CO.,LTD
  • Daxin Materials Corporation
  • Hyundai Futurenet Co., Ltd
  • iRobot Corporation
  • LOTTE Himart Co., Ltd.
  • Lotte Shopping Co., Ltd
  • Mechema Chemicals International Corp.
  • Pixelworks, Inc.
  • Red Cat Holdings Inc
Last Updated on 19 Jan, 2022

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