Financials LG Electronics Inc. Deutsche Boerse AG

Equities

LGLG

US50186Q2021

Household Electronics

Market Closed - Deutsche Boerse AG Other stock markets 11:22:15 2024-04-26 am EDT			5-day change	1st Jan Change
14.3 ^EUR	+5.93%		+5.93%	-5.30%

Apr. 25	News Highlights : Top Company News of the Day - Thursday at 7 AM ET	DJ
Apr. 25	LG Electronics Posts Profit Turnaround on Steady Revenue Growth	DJ

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	12,231,932	23,085,593	23,603,455	14,811,995	17,368,560	15,521,848	-	-
Enterprise Value (EV) ²	18,713	27,976	28,433	19,535	22,202	20,297	19,007	16,488
P/E ratio	427 x	12.4 x	24.1 x	13 x	25.7 x	8.21 x	6.38 x	5.23 x
Yield	1.04%	0.89%	0.62%	0.81%	0.79%	1.7%	1.98%	2.64%
Capitalization / Revenue	0.2 x	0.36 x	0.31 x	0.18 x	0.21 x	0.18 x	0.17 x	0.16 x
EV / Revenue	0.3 x	0.44 x	0.38 x	0.23 x	0.26 x	0.23 x	0.21 x	0.17 x
EV / EBITDA	3.79 x	4.79 x	4.17 x	2.99 x	3.29 x	2.81 x	2.46 x	2.01 x
EV / FCF	11.6 x	11.2 x	970 x	-2,176 x	12.5 x	6.61 x	5.29 x	4.63 x
FCF Yield	8.64%	8.96%	0.1%	-0.05%	8%	15.1%	18.9%	21.6%
Price to Book	0.82 x	1.42 x	1.3 x	0.74 x	0.84 x	0.75 x	0.67 x	0.61 x
Nbr of stocks (in thousands)	180,066	180,066	180,066	180,066	180,066	180,066	-	-
Reference price ³	72,100	135,000	138,000	86,500	101,800	90,800	90,800	90,800
Announcement Date	1/30/20	1/28/21	1/27/22	1/27/23	1/8/24	-	-	-

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	62,306	63,262	75,719	83,612	84,280	88,110	92,691	97,615
EBITDA ¹	4,942	5,838	6,811	6,536	6,757	7,213	7,716	8,186
EBIT ¹	2,436	3,195	3,848	3,488	3,548	4,029	4,525	5,008
Operating Margin	3.91%	5.05%	5.08%	4.17%	4.21%	4.57%	4.88%	5.13%
Earnings before Tax (EBT) ¹	528.6	2,456	3,476	2,396	1,870	3,482	4,144	5,033
Net income ¹	31.3	1,968	1,032	1,196	712.9	1,984	2,419	3,035
Net margin	0.05%	3.11%	1.36%	1.43%	0.85%	2.25%	2.61%	3.11%
EPS ²	169.0	10,926	5,725	6,640	3,954	11,061	14,226	17,365
Free Cash Flow ³	1,617,037	2,507,279	29,317	-8,978	1,775,988	3,070,088	3,592,890	3,558,233
FCF margin	2,595.31%	3,963.33%	38.72%	-10.74%	2,107.24%	3,484.38%	3,876.21%	3,645.19%
FCF Conversion (EBITDA)	32,718.31%	42,949.77%	430.42%	-	26,283.33%	42,565.39%	46,562.5%	43,464.78%
FCF Conversion (Net income)	5,166,252.4%	127,382.97%	2,841.62%	-	249,121.62%	154,747.16%	148,554.69%	117,242.3%
Dividend per Share ²	750.0	1,200	850.0	700.0	800.0	1,540	1,796	2,401
Announcement Date	1/30/20	1/28/21	1/27/22	1/27/23	1/8/24	-	-	-

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 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	18,787	21,009	21,111	19,472	21,171	21,858	20,418	19,999	20,714	23,157	21,096	21,205	21,987	23,544	22,843
EBITDA ¹	1,268	1,438	2,610	1,519	1,489	865.4	2,268	1,523	1,788	1,179	2,059	1,690	1,618	1,561	2,172
EBIT ¹	540.7	677.7	1,880	791.7	746.6	69.3	1,497	892.7	996.7	312.5	1,335	933	989.9	703.1	1,410
Operating Margin	2.88%	3.23%	8.91%	4.07%	3.53%	0.32%	7.33%	4.46%	4.81%	1.35%	6.33%	4.4%	4.5%	2.99%	6.17%
Earnings before Tax (EBT) ¹	630.9	46.9	1,923	604.2	436	-566.3	933.7	386.2	649	-99	978.4	734.5	905.8	635.7	1,289
Net income ¹	384.9	38.6	1,227	193	122.7	-346	471.3	162.1	385.4	-305.9	474.8	464.2	473.1	276.3	813.9
Net margin	2.05%	0.18%	5.81%	0.99%	0.58%	-1.58%	2.31%	0.81%	1.86%	-1.32%	2.25%	2.19%	2.15%	1.17%	3.56%
EPS ²	2,136	214.0	6,811	1,070	682.0	-1,923	2,616	899.0	2,139	-1,700	3,021	2,404	2,191	1,640	3,925
Dividend per Share ²	-	850.0	-	-	-	700.0	-	-	-	800.0	-	-	-	2,700	-
Announcement Date	10/28/21	1/27/22	4/28/22	7/7/22	10/7/22	1/27/23	4/7/23	7/7/23	10/10/23	1/8/24	4/25/24	-	-	-	-

¹KRW in Billions²KRW

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	6,481	4,890	4,830	4,723	4,833	4,775	3,485	966
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.311 x	0.8377 x	0.7091 x	0.7225 x	0.7153 x	0.662 x	0.4517 x	0.118 x
Free Cash Flow ²	1,617,037	2,507,279	29,317	-8,978	1,775,988	3,070,088	3,592,890	3,558,233
ROE (net income / shareholders' equity)	0.22%	12.2%	5.48%	8.75%	5%	9.59%	10.7%	11.4%
ROA (Net income/ Total Assets)	0.07%	4.44%	2.03%	2.2%	1.23%	3.75%	4.24%	4.48%
Assets ¹	44,587	44,379	50,843	54,318	57,776	52,952	57,007	67,820
Book Value Per Share ³	87,977	94,776	105,784	116,599	120,728	120,996	134,823	147,658
Cash Flow per Share ³	22,649	25,693	14,857	19,080	36,305	34,630	37,873	40,663
Capex ¹	2,072	2,121	2,818	3,753	4,138	3,143	3,230	3,274
Capex / Sales	3.33%	3.35%	3.72%	4.49%	4.91%	3.57%	3.49%	3.35%
Announcement Date	1/30/20	1/28/21	1/27/22	1/27/23	1/8/24	-	-	-

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

Ratings for LG Electronics Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

90,800 KRW

Average target price

130,185 KRW

Spread / Average Target

+43.38%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Household Electronics

	1st Jan change	Capi.
PANASONIC HOLDINGS CORPORATION	-4.19%	19.84B
DIXON TECHNOLOGIES (INDIA) LIMITED	+30.66%	6.15B
GN STORE NORD A/S	+9.46%	3.92B
HANGZHOU EZVIZ NETWORK CO., LTD.	+6.79%	3.72B
SICHUAN CHANGHONG ELECTRIC CO.,LTD.	+0.95%	3.4B
SHENZHEN MTC CO., LTD.	-3.05%	3.38B
SHARP CORPORATION	-18.57%	3.38B
CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED	+0.84%	2.42B
VIZIO HOLDING CORP.	+39.61%	2.13B

Other Household Electronics