Asia300

LG Display Co., Ltd.

South Korea

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Feb 22, 2018
Prev close: 30,200
Feb 22, 2018
Market cap:
Market cap(USD):
10,806.03B
9,966.36M
Shares: 357.81M

Currency in KRW

Company profile

Market(Ticker): KRX(034220)
Sector:
Industry:
Distribution Services
Electronics Distributors
Full time employees: --

Business summary

LG Display Co., Ltd. is engaged in the manufacture and sale of thin film transistor and organic light-emitting diodedisplay(OLED) products. Its products include television, commercial, monitor, notebook, mobile, auto, and OLED display. The company was founded on February 28, 1985 and is headquartered in Seoul, South Korea.

Company background

LG Display is the world's largest liquid crystal display panel maker. Its largest shareholder is LG Electronics.

The company grew rapidly after it formed a joint venture with Dutch company Royal Philips, beginning in 1999. Royal Philips sold all of its shares by 2009 to terminate the joint venture. Currently, LG Display conducts business on its own.

LG Display has two production bases in South Korea and one in Guangzhou, China. It also sells products to companies outside the group, as well as to LG Electronics. The company has a reputation for quality, as shown by the fact that U.S. tech giant Apple, which is known for its stringent technology valuation, has continued to adopt the company's LCD panels in its iPhone series of smartphones.

Reacting to increased competition from Chinese rivals, LG Display has shifted to production of high-resolution displays. It was among the first LCD panel makers in the world to launch mass production of large organic light-emitting diode displays. Although small and midsize OLED displays are widely used in smartphones, it is difficult to produce large displays. LG Display overcame the barrier by adopting unique architecture.

LG Electronics is among the few makers of large OLED TV's, the main products with which LG Display can differentiate itself from its rivals. However, it could also be a risk factor. Any delay in market expansion could lead to a slowdown in panel demand and negatively affect large investments.

In the news

Financial highlights

Dec 2017

  • Local currency
  • US Dollar
Revenue 27,790.21B
Gross profit --
Operating income 2,461.61B
Income before tax 2,332.63B
Net income 1,937.05B
EBITDA --
Diluted EPS --
Dividends per share 500
Total assets 29,159.68B
Total liabilities 14,178.17B
Total equity 14,981.50B
Operating cash flow --

Currency in KRW

Revenue 24,582.01M
Gross profit --
Operating income 2,177.43M
Income before tax 2,063.34M
Net income 1,713.43M
EBITDA --
Diluted EPS --
Dividends per share 0.44
Total assets 27,238.04M
Total liabilities 13,243.82M
Total equity 13,994.21M
Operating cash flow --

Currency in USD

Valuation measures

Dec 2017

PER 5.52
ROA 7.16%
ROE 13.86%
Operating margin 8.85%
Profit margin 6.97%

Key executive

  • Chief Executive Officer & Director: Sang-Beom Han
  • Chief Operations Officer & Vice President: Yu-Seoung Yin
  • Chief Financial Officer & Director: Sang-Don Kim
  • CTO & Senior Managing Director: In-Byung Kang
  • Vice President & Head-Television Business: Yong-Kee Hwang

Share holders

  • LG Electronics, Inc.(37.9%)
  • National Pension Service of Korea(9.2%)
  • BlackRock Fund Advisors(1.5%)
  • The Vanguard Group, Inc.(1.5%)
  • Dimensional Fund Advisors LP(1.3%)
  • Norges Bank Investment Management(0.7%)
  • Samsung Asset Management Co., Ltd.(0.6%)
  • Acadian Asset Management LLC(0.5%)
  • APG Asset Management NV(0.5%)
  • BlackRock Advisors (UK) Ltd.(0.4%)

Address

  • Website: http://www.lgdisplay.com
  • Address: LG Twin Towers, 128 Yeoui-daero, Seoul, 07336, South Korea
  • Phone: +82.2.3777.1010

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