LG DISPLAY CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10,320 KRW | +0.39% |
|
+3.93% | -19.00% |
| Apr. 26 | Nomura Upgrades LG Display to Neutral From Reduce, Adjusts Price Target to KRW11,000 From KRW12,000 | MT |
| Apr. 25 | Transcript : LG Display Co., Ltd., Q1 2024 Earnings Call, Apr 25, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,814,505 | 6,637,481 | 8,802,266 | 4,454,805 | 4,558,572 | 5,160,000 | - | - |
| Enterprise Value (EV) 2 | 15,881 | 16,739 | 17,965 | 15,854 | 17,929 | 17,554 | 16,934 | 14,672 |
| P/E ratio | -2.02 x | -74.2 x | 7.86 x | -1.45 x | -1.67 x | -5.72 x | 27.1 x | 5 x |
| Yield | - | - | 2.64% | - | - | - | 1.22% | - |
| Capitalization / Revenue | 0.25 x | 0.27 x | 0.29 x | 0.17 x | 0.21 x | 0.2 x | 0.2 x | 0.19 x |
| EV / Revenue | 0.68 x | 0.69 x | 0.6 x | 0.61 x | 0.84 x | 0.7 x | 0.64 x | 0.54 x |
| EV / EBITDA | 6.8 x | 4.08 x | 2.67 x | 6.41 x | 10.5 x | 4.17 x | 3.7 x | 3.13 x |
| EV / FCF | -3.76 x | -52.9 x | 6.88 x | -7.67 x | -7.25 x | 11.4 x | 10.1 x | 9.16 x |
| FCF Yield | -26.6% | -1.89% | 14.5% | -13% | -13.8% | 8.74% | 9.86% | 10.9% |
| Price to Book | 0.47 x | 0.58 x | 0.67 x | 0.45 x | 0.63 x | 0.69 x | 0.63 x | 0.57 x |
| Nbr of stocks (in thousands) | 357,816 | 357,816 | 357,816 | 357,816 | 357,816 | 500,000 | - | - |
| Reference price 3 | 16,250 | 18,550 | 24,600 | 12,450 | 12,740 | 10,320 | 10,320 | 10,320 |
| Announcement Date | 1/30/20 | 1/26/21 | 1/26/22 | 1/27/23 | 1/16/24 | - | - | - |
1KRW in Million2KRW in Billions3KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 23,476 | 24,230 | 29,878 | 26,152 | 21,331 | 25,174 | 26,331 | 27,333 |
| EBITDA 1 | 2,336 | 4,105 | 6,731 | 2,472 | 1,704 | 4,211 | 4,574 | 4,683 |
| EBIT 1 | -1,359 | -30 | 2,231 | -2,085 | -2,510 | -811.3 | 691 | 1,357 |
| Operating Margin | -5.79% | -0.12% | 7.47% | -7.97% | -11.77% | -3.22% | 2.62% | 4.97% |
| Earnings before Tax (EBT) 1 | -3,344 | -595.1 | 1,719 | -3,433 | -3,339 | -1,553 | 187.6 | 900.7 |
| Net income 1 | -2,830 | -89.34 | 1,186 | -3,072 | -2,577 | -1,160 | 173.2 | 1,039 |
| Net margin | -12.05% | -0.37% | 3.97% | -11.75% | -12.08% | -4.61% | 0.66% | 3.8% |
| EPS 2 | -8,027 | -250.0 | 3,130 | -8,584 | -7,640 | -1,805 | 381.0 | 2,062 |
| Free Cash Flow 3 | -4,220,440 | -316,597 | 2,612,016 | -2,068,259 | -2,472,082 | 1,534,831 | 1,669,925 | 1,601,242 |
| FCF margin | -17,978.01% | -1,306.63% | 8,742.26% | -7,908.67% | -11,589.25% | 6,096.83% | 6,342.11% | 5,858.31% |
| FCF Conversion (EBITDA) | - | - | 38,805.76% | - | - | 36,444.95% | 36,508.99% | 34,190.06% |
| FCF Conversion (Net income) | - | - | 220,203.64% | - | - | - | 964,226.94% | 154,122.94% |
| Dividend per Share 2 | - | - | 650.0 | - | - | - | 125.6 | - |
| Announcement Date | 1/30/20 | 1/26/21 | 1/26/22 | 1/27/23 | 1/16/24 | - | - | - |
1KRW in Billions2KRW3KRW in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,223 | 8,807 | 6,471 | 5,607 | 6,771 | 7,302 | 4,411 | 4,739 | - | 4,785 | 7,396 | 5,253 | 6,331 | 6,567 | 7,945 | 6,137 |
| EBITDA 1 | 1,696 | 1,645 | 1,211 | 661.7 | 391.2 | 208.7 | -80.16 | 129.7 | - | 382.2 | 1,272 | 542 | 988.1 | 1,189 | 1,543 | 586.3 |
| EBIT 1 | 528.9 | 476.4 | 38.35 | -488.3 | -759.3 | -875.7 | -1,098 | -881.5 | -1,980 | -662.1 | 131.7 | -469.4 | -384.1 | -52.28 | 407.6 | -317.1 |
| Operating Margin | 7.32% | 5.41% | 0.59% | -8.71% | -11.21% | -11.99% | -24.9% | -18.6% | - | -13.84% | 1.78% | -8.94% | -6.07% | -0.8% | 5.13% | -5.17% |
| Earnings before Tax (EBT) 1 | 608.1 | 236.2 | 37.44 | -512.1 | -1,099 | -1,860 | -1,475 | -877.1 | - | -1,006 | 18.99 | -989.3 | -501 | -254.1 | 281.6 | -398.4 |
| Net income 1 | 419.5 | 174.7 | 20.04 | -404.6 | -789.5 | -1,897 | -1,214 | -858.1 | - | -720 | 58.19 | -783.2 | -456.9 | -136.1 | 128.1 | -290.8 |
| Net margin | 5.81% | 1.98% | 0.31% | -7.22% | -11.66% | -25.99% | -27.52% | -18.11% | - | -15.05% | 0.79% | -14.91% | -7.22% | -2.07% | 1.61% | -4.74% |
| EPS 2 | 670.0 | 808.0 | 56.00 | -1,131 | -2,206 | -5,303 | -3,392 | -2,398 | - | -2,012 | 162.0 | -1,434 | -783.9 | -137.2 | 353.6 | -506.3 |
| Dividend per Share 2 | - | 650.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/27/21 | 1/26/22 | 4/27/22 | 7/27/22 | 10/26/22 | 1/27/23 | 4/26/23 | 7/26/23 | 7/26/23 | 10/25/23 | 1/16/24 | 4/25/24 | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 10,066 | 10,102 | 9,163 | 11,399 | 13,370 | 12,394 | 11,774 | 9,512 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.309 x | 2.461 x | 1.361 x | 4.61 x | 7.848 x | 2.943 x | 2.574 x | 2.031 x |
| Free Cash Flow 2 | -4,220,440 | -316,597 | 2,612,016 | -2,068,259 | -2,472,082 | 1,534,831 | 1,669,925 | 1,601,242 |
| ROE (net income / shareholders' equity) | -22.4% | -0.56% | 9.68% | -24.5% | -25.7% | -16.5% | 1.59% | 9.91% |
| ROA (Net income/ Total Assets) | -8.23% | -0.2% | 3.24% | -8.32% | -7.21% | -1.84% | 0.51% | 2.44% |
| Assets 1 | 34,376 | 44,678 | 36,611 | 36,920 | 35,723 | 62,965 | 34,109 | 42,643 |
| Book Value Per Share 3 | 34,901 | 31,863 | 36,664 | 27,611 | 20,212 | 15,005 | 16,421 | 18,185 |
| Cash Flow per Share 3 | 7,564 | 6,391 | 14,427 | 8,415 | 4,703 | 10,182 | 9,161 | 8,538 |
| Capex 1 | 6,927 | 2,604 | 3,141 | 5,079 | 4,155 | 2,784 | 3,228 | 3,249 |
| Capex / Sales | 29.51% | 10.75% | 10.51% | 19.42% | 19.48% | 11.06% | 12.26% | 11.89% |
| Announcement Date | 1/30/20 | 1/26/21 | 1/26/22 | 1/27/23 | 1/16/24 | - | - | - |
1KRW in Billions2KRW in Million3KRW
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
22
Last Close Price
10,320
KRW
Average target price
12,205
KRW
Spread / Average Target
+18.26%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -19.00% | 3.75B | |
| +2.89% | 26.8B | |
| +14.65% | 12.48B | |
| +15.48% | 7.97B | |
| +0.55% | 4.29B | |
| -10.70% | 4.15B | |
| -1.75% | 3.91B | |
| +15.41% | 3.86B | |
| -24.98% | 2.71B | |
| -24.96% | 1.7B |
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- Financials LG Display Co., Ltd.
