LG Display Co., Ltd.

NYSE:LPL 주식 리포트

시가총액: US$5.3b

LG Display 과거 순이익 실적

과거 기준 점검 0/6

LG Display 의 수입은 연평균 -19%의 비율로 감소해 온 반면, Electronic 산업은 연평균 3.8%의 비율로 증가했습니다. 매출은 연평균 2.2%의 비율로 감소해 왔습니다.

핵심 정보

-19.03%

순이익 성장률

-16.97%

주당순이익(EPS) 성장률

Electronic 산업 성장률15.34%
매출 성장률-2.23%
자기자본이익률-0.45%
순이익률-0.32%
최근 순이익 업데이트31 Mar 2026

최근 과거 실적 업데이트

Recent updates

Seeking Alpha • Apr 24

LG Display: The Market Is Right To Be Nervous (Rating Downgrade)

Summary LG Display Co., Ltd. maintains operating profitability for a third consecutive quarter, driven by OLED panels now comprising 60% of revenue. Q1 revenue declined 9% YoY and 23% QoQ, impacted by seasonality and the exit from LCD TV panel sales. Net loss resulted from foreign currency translation losses, as a weak won inflated the value of LPL’s foreign-denominated debt. LGL forward demand is clouded by order pull-forwards, competitive OLED pressures, and ongoing restructuring costs, though OLED monitors and Apple Watch panels remain growth drivers. Read the full article on Seeking Alpha
Seeking Alpha • Apr 28

LG Display Stays A Buy With Operating Income Beat And Favorable Prospects

Summary LG Display recorded positive operating profit in 1Q25; this was a surprise as the market was anticipating continued EBIT losses. I forecast that LPL will be in the black this year, due to a decline in depreciation costs, lower interest expenses, and share gains within the Apple supply chain. My view of the stock remains bullish; there is valuation expansion potential if it returns to profitability in FY2025. Read the full article on Seeking Alpha
Seeking Alpha • Jan 23

LG Display Co. Q4 Results: Lackluster Performance And An Uncertain Future

Summary LG Display Co., Ltd.'s Q4 and full-year 2024 earnings were underwhelming, with inconsistent growth and profitability, raising concerns about operational efficiency and future performance. Despite a strong Q4, LG Display's financial position remains risky with high debt and fluctuating margins, making it a precarious investment. The outlook for 2025 is uncertain, with potential growth in OLED markets but significant risks from global tariffs and operational inefficiencies. Given the current fundamentals and uncertainties, I do not recommend starting a position in LPL stock at this time. Read the full article on Seeking Alpha
Seeking Alpha • Oct 11

LG Display: Cheap With Multiple Catalysts (Rating Upgrade)

Summary LG Display's key P/S and P/B valuation ratios are below their respective historical averages, which indicates that the stock is cheap. I have identified a couple of catalysts for LPL, including an improvement in LCD panel pricing, growing OLED display penetration rates for tablets and notebooks, and deleveraging supported by asset sales. My rating for LG Display is lifted to a Buy, considering the stock's appealing valuations and the presence of multiple catalysts. Read the full article on Seeking Alpha
Seeking Alpha • Jul 28

LG Display: Improved Results Offset By Lingering Uncertainty

Summary The Q2 report from LG Display showed improvement in several areas, but all that was outweighed by the uncertain outlook for demand. The stock has bounced recently, but it fell after the latest report and the overall trend is still leaning bearish. LPL is counting on OLED, but recent developments in the OLED market suggest that OLED is following in the footsteps of LCD displays. Long LPL has some cards in its corner, but more needs to happen if one is to justify turning optimistic about LPL. Read the full article on Seeking Alpha
Seeking Alpha • Apr 13

LG Display: Consider Potential Results Miss And Favorable Developments

Summary In the near term, I am worried about a potential first quarter results miss for LG Display. But I have a favorable opinion of LPL's long-term prospects, after considering the positive read-throughs from its new supply deal with Samsung and its recent supply chain management moves. I maintain a Hold rating for LG Display in view of its Q1 2024 results preview and its latest developments. Read the full article on Seeking Alpha
Seeking Alpha • Jan 27

LG Display: Operating Profit Beat Overshadowed By Fund Raising Plans

Summary LG Display achieved a substantial Q4 2023 operating income beat, and the company is expected to deliver a better set of results in 2024 vis-a-vis 2023. But LPL's recently proposed equity financing plans suggest that the company's financial flexibility has been constrained by its high financial leverage. My investment rating for LG Display is a Hold after evaluating its recent quarterly business performance and its financial position. Read the full article on Seeking Alpha
Seeking Alpha • Oct 28

LG Display: It Is The Long-Term Picture That Is Giving People Pause

Summary LPL fell way short of what was expected, but Q4 guidance calling for a return to profit managed to offset the disappointing Q3 numbers. The stock has done poorly in recent months, but it may be due for a rebound with seasonality in LPL’s favor. The latest products based on miniLED have hit the market and if early reviews are any indication, OLED has its work cut out. LPL may do better short term, but if that is to continue in the long term, LPL will need to find the answers that have eluded it all this time. Read the full article on Seeking Alpha
Seeking Alpha • Jul 28

LG Display: Recent Progress May Get Overshadowed By Changing Market Dynamics

Summary LG Display posted a net loss in Q2 for the fifth consecutive quarter, but the numbers improved in a number of ways. The latest outlook from LPL sees a profit as soon as in Q4, which is sorely needed with the current state of the balance sheet and income statement. The more distant outlook is more cloudy based on how the display market and the OLED market in particular continues to evolve. LPL may be worth playing as a short-term trade, but as a long-term hold, a lot more needs to happen for it to be worth the risk. Read the full article on Seeking Alpha
Seeking Alpha • Jan 25

LG Display Q4 2022 Earnings Preview

LG Display (NYSE:LPL) is scheduled to announce Q4 earnings results on Thursday, January 26th, after market close. The consensus EPS Estimate is -$0.67 and the consensus Revenue Estimate is $6.03B Over the last 3 months, EPS estimates have seen 0 upward revisions and 1 downward. Revenue estimates have seen 9 upward revisions and 5 downward.
Seeking Alpha • Oct 25

LG Display Q3 2022 Earnings Preview

LG Display (NYSE:LPL) is scheduled to announce Q3 earnings results on Wednesday, October 26th, before market open. The consensus EPS Estimate is -$0.37 and the consensus Revenue Estimate is $4.73B Over the last 3 months, EPS estimates have seen 0 upward revisions and 1 downward. Revenue estimates have seen 3 upward revisions and 12 downward.
Seeking Alpha • Jul 30

LG Display: It Is Not As Bleak As It Looks

LPL suffered a number of setbacks in the latest report, but there is reason to believe the situation is not as bleak as it looks. The stock has been trending lower all year as earnings have gotten worse, but the charts suggest change may be underway. Multiples seem to be on the low side, which deserve interest, but one could argue they are there for a good reason. Long LPL is probably not a wise move with all the challenges out there, but neither is short LPL with the way the cards are laid out. LG Display (LPL) has released its latest earnings report and the results were worse than expected. There was a lot of deterioration to be spotted in several areas, including the first net loss in two years. The stock too has been having a hard time, being stuck in a downtrend all year. With this being the case, it is not hard to see why many are down on LPL. Some may even be tempted to short the stock, if they haven't already. However, there are a few reasons why doing so deserves some second thoughts. Why will be covered next. LPL is back in the hole it used to be in The bad numbers did not come as a complete surprise. The quarterly numbers had already gotten much worse in the Q1 report and they were expected to get worse in the Q2 report, especially with China resorting to lockdowns due to COVID-19. Still, there was a lot of bad news to digest in the latest report. Q2 revenue declined by 19% YoY to KRW5,607B, which equals about $4.31B using an exchange rate of roughly 1:1306 for the U.S. dollar. Margins collapsed with gross margin at 4.9% and operating margin at minus 8.7%. LPL finished with an operating loss of KRW488B or $0.38B and a net loss of KRW382B or $0.29B. EBITDA declined by 62.6% YoY to KRW662B or $0.51B, down from KRW1,211B in Q1 2022 and KRW1,770B in Q2 2021. The table below shows the numbers for Q2 2022. (Unit: B KRW) Q2 2022 Q1 2022 Q2 2021 QoQ YoY Revenue 5,607 6,471 6,966 (13.35%) (19.51%) Gross margin 4.9% 12.6% 20.8% (770bps) (1590bps) Operating margin (8.7%) 0.6% 10.1% (930bps) (1880bps) Operating income (loss) (488) 38 701 EBITDA 662 1,211 1,770 (45.33%) (62.60%) Net income (loss) (382) 54 424 Source: LG Display The table below shows how the numbers have taken a drastic turn for the worse in 2022. LPL ended up with its first net loss in two years in Q2 2022, the previous one being Q2 2020, which was itself the last in a series of quarterly losses. LPL got out of the red as COVID-19 emerged thanks to pandemic-related factors, including global stimulus which boosted sales of consumer products with display panels like notebooks and TVs. This tailwind is now rapidly fading. (Unit: B KRW) Revenue Operating income EBITDA Net income Q2 2022 5,607 (488) 662 (382) Q1 2022 6,471 38 1,211 54 Q4 2021 8,807 476 1,645 180 Q3 2021 7,223 529 1,696 463 Q2 2021 6,966 701 1,770 424 Q1 2021 6,883 523 1,620 266 Q4 2020 7,461 685 1,744 621 Q3 2020 6,738 164 1,288 11 Q2 2020 5,307 (517) 413 (504) Q1 2020 4,724 (362) 630 (199) The table below shows why the numbers were worse than what LPL had guided for. Q2 guidance called for average selling prices or ASP to decline by 10% and for a slight increase in shipments, both QoQ. However, shipments of display panels decreased to 7.8M square meters and ASP fell by 14.2% QoQ to $566. Capacity (M m²) Shipment (M m²) ASP/m² Q2 2022 10.9 7.8 $566 Q1 2022 11.5 8.1 $660 Q4 2021 11.6 9.4 $806 Q3 2021 11.9 8.4 $750 Q2 2021 11.6 8.9 $703 Q1 2021 11.2 8.5 $736 Q4 2020 10.8 8.7 $790 Q3 2020 10.8 8.3 $706 Q2 2020 9.3 6.7 $654 Q1 2020 9.7 7.0 $567 There were some bright spots. In general, sales of high-end products held up better, which favors LPL since it focuses primarily on the high end. For instance, the OLED TV segment continued to outperform. The market for TVs shrank by 10% in the first half of 2022, but sales of OLED TVs grew by over 20% YoY. On the other hand, growth is expected to slow down into the mid teens in the second half due to worsening market conditions. From the Q2 earnings call: "in the second half of the year, now, unlike the market in general, we still expect the actual sales of OLED TV to continue to grow. Having said that, because of the economic downturn, as well as the sluggish demand in the downstream, we believe that the overall sales are also going to slow down, compared to the first half. So it is projected to be in the mid-teen percent." A transcript of the Q2 2022 earnings call can be found here. The balance sheet also got worse as a result of the deteriorating numbers, but also because of increased spending on investments on the part of LPL. Cash and equivalent fell to KRW3,669B in Q2 2022, down from KRW4,111B in Q1 2022 and KRW4,317B in Q2 2021. Net debt was going down in prior quarters, but it rose to KRW10,318B in Q2 2022, up from KRW8,941B in Q1 2022 and KRW9,501B in Q2 2021. The current ratio was 80%, down 10 points QoQ and 16 points YoY. Net debt-to-equity ratio was 71%, up 10 points QoQ and 2 points YoY. Why everything is not as bleak as it looks for LPL Lockdowns in China were a major driver of the disappointing results. However, there were other factors at work. In general, demand for products utilizing display panels is getting weaker. Inventories are high, resulting in some OEMs needing to order less panels as they unwind their existing stock. The market for LCD panels remains in a state of oversupply, leading to a continued decline in LCD prices. However, it was not all bad news. Q3 guidance calls for shipments to increase by mid single digits QoQ due to seasonality with several high-end smartphones scheduled to be released by fall and with COVID-19 under control in China. Furthermore, ASP is projected to increase by 20% QoQ. From the Q2 earnings call: "Let me now move on to guidance for Q3 2022. In Q3, area shipment will increase by mid-single digit Q-o-Q. Shipment of IT panels affected by Chinese lockdowns will recover and shipment of large OLED and POLED smartphones is expected to grow, in response to the seasonal demand. But recovery in Q3 is likely to be limited, due to demand slowdown caused by macro instability and weaker consumer confidence, as well as customers' attempt to minimize inventory. ASP per square meters is also expected to rise to 20% level, thanks to increased shipment of POLED smartphones and wearable products as well as OLED TV panels. Per product, price is expected to keep declining for IT panels, while for LCD TV panels, the price decline is expected to gradually moderate as panel makers adjust production such as utilization rates." More importantly, there are moves underway to bring balance to the display market. At the moment, the display market is suffering from oversupply. The good news is that panel manufacturers in China have committed themselves to production cuts starting from June. The reduction in supply is expected to bring supply in line with demand, which in turn should reduce the slide in prices, if not halt it altogether. The imbalance in the display market is arguably the biggest problem, which is why any measures taken to address the imbalance should be taken as a positive sign for all participants, LPL included. Why the stock may be due for a rebound The drastic deterioration in the quarterly numbers this year has driven the stock down all year. The stock has lost 40% of its value YTD. In addition, the stock has trended lower all year with both the highs and the lows pointing down in a downtrend. The chart below shows how the stock has declined in 2022.
Seeking Alpha • May 05

LG Display Just Showed Why People Were Right To Be Wary

LPL posted a big decline in earnings in Q1, showing why people were right to be skeptical of LPL’s improvement in recent quarters. The big problem is intensifying competition, leading to price declines, and LPL does not believe there’s an easy solution waiting in the wings. A look at the charts suggests the stock is more likely to be heading lower than it is to head higher, even though LPL is not without some pluses. The display market continues to evolve, but as long as there’s an imbalance between supply and demand, long LPL is not worth pursuing.
Seeking Alpha • Feb 09

LG Display: Stuck Between 2 Opposing Forces

LPL is undervalued according to some metrics, which should help the stock go up, but the reality is quite the opposite. The stock has gone in circles for quite some time, making big moves up and down, only to wind up back to where it began. The Q4 report confirms FY2021 was much better than FY2020, but it also suggests some worrying trends, raising doubts about LPL. LPL is stuck between opposing forces, which are pushing the stock in opposite directions, keeping it rooted in place.
Seeking Alpha • Nov 26

The Charts Have Something To Say About LG Display

The stock has gone on a major rally in recent weeks, following an extended decline that wiped out all gains for the year and then some. The bouncing around of the stock did not occur at random, but followed closely areas bounded by resistance and support levels. LPL trades at some of lowest valuations you will find, which should draw the attention of those who are in search of a bargain. Long LPL is not without its strengths, but other factors make it a much more tricky proposition that it would have been otherwise.
Seeking Alpha • Aug 13

LG Display Is At A Critical Junction That Could Help Shape The Road Ahead

Earnings growth continues to be strong for LPL, and the Q2 report was perhaps the strongest in recent years. LPL is likely to continue to post good numbers as the year comes to an end, but there’s trouble lurking with increased panel production on the horizon. Earnings have been strong, and LPL comes at relatively low valuations, but it’s telling that the stock is still in danger of losing the support it has. There are arguments in favor of long LPL, but they’re outweighed by the arguments against it.

매출 및 비용 세부 내역

LG Display가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.

순이익 및 매출 추이

NYSE:LPL 매출, 비용 및 순이익 (KRW Millions)
날짜매출순이익일반관리비연구개발비
31 Mar 2625,278,786-81,6541,383,6811,391,986
31 Dec 2525,810,082226,3121,448,6961,410,786
30 Sep 2526,442,104-335,3341,449,9811,409,930
30 Jun 2526,306,427-669,8351,621,3501,453,150
31 Mar 2527,427,670-2,042,1741,633,2991,459,020
31 Dec 2426,615,347-2,562,6061,688,3091,447,706
30 Sep 2426,178,380-1,586,6571,638,7311,411,823
30 Jun 2424,142,366-1,951,5241,455,7471,370,417
31 Mar 2422,172,738-2,303,1221,461,2411,366,495
31 Dec 2321,330,819-2,733,7421,475,6871,379,653
30 Sep 2321,236,542-4,689,4181,547,9101,430,939
30 Jun 2323,222,610-4,758,9031,655,1031,434,410
31 Mar 2324,091,357-4,305,3831,731,9501,412,634
31 Dec 2226,151,781-3,071,5651,826,7191,382,406
30 Sep 2227,656,669-999,3921,867,1891,324,256
30 Jun 2228,108,510209,9531,868,4321,292,015
31 Mar 2229,466,762977,9041,876,5791,268,946
31 Dec 2129,878,0431,186,1821,852,4521,222,044
30 Sep 2128,564,1721,574,3811,782,9351,158,996
30 Jun 2128,078,6221,184,9241,728,6621,115,176
31 Mar 2126,420,073332,4571,632,4691,107,582
31 Dec 2024,261,561-94,8531,572,9511,098,736
30 Sep 2023,190,611-2,458,7761,765,6381,074,796
30 Jun 2022,274,646-2,908,5071,878,7531,019,035
31 Mar 2022,321,035-2,967,7631,947,2091,155,794
31 Dec 1923,475,567-2,829,7052,005,7311,221,978
30 Sep 1924,001,668-882,4851,973,8541,288,140
30 Jun 1924,282,350-459,7101,873,7671,398,553
31 Mar 1924,540,188-208,7181,847,5541,269,192
31 Dec 1824,336,571-207,2391,771,1771,221,198
30 Sep 1824,514,848-316,4341,676,6191,239,724
30 Jun 1825,385,580122,1271,456,3631,197,603
31 Mar 1826,403,2181,109,8121,454,4101,214,301
31 Dec 1727,790,2161,802,7561,507,2751,213,432
30 Sep 1728,600,0992,563,8101,551,1161,189,634
30 Jun 1728,350,7792,299,6531,485,6501,201,980
31 Mar 1727,577,0351,537,7601,397,9881,145,924
31 Dec 1626,504,074906,7141,304,4161,133,972
30 Sep 1626,063,86792,8411,339,9951,135,169
30 Jun 1626,498,293104,1841,425,0291,147,475
31 Mar 1627,350,736510,7731,450,9601,207,344
31 Dec 1528,383,884966,5531,470,8851,217,929
30 Sep 1529,230,0731,358,4761,476,4441,212,905
30 Jun 1528,618,7251,519,1121,374,5071,210,662

양질의 수익: LPL 은(는) 현재 수익성이 없습니다.

이익 마진 증가: LPL는 현재 수익성이 없습니다.

잉여현금흐름 대비 순이익 분석

과거 순이익 성장 분석

수익추이: LPL은 수익성이 없으며 지난 5년 동안 손실이 연평균 19% 증가했습니다.

성장 가속화: 현재 수익성이 없어 지난 1년간 LPL의 수익 성장률을 5년 평균과 비교할 수 없습니다.

수익 대 산업: LPL은 수익성이 없어 지난 해 수익 성장률을 Electronic 업계(10.6%)와 비교하기 어렵습니다.

자기자본이익률

높은 ROE: LPL는 현재 수익성이 없으므로 자본 수익률이 음수(-0.45%)입니다.

총자산이익률

투하자본수익률

우수한 과거 실적 기업을 찾아보세요

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기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/29 20:48
종가2026/05/29 00:00
수익2026/03/31
연간 수익2025/12/31

데이터 소스

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산업 및 섹터 지표

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분석가 소스

LG Display Co., Ltd.는 37명의 분석가가 다루고 있습니다. 이 중 20명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
James FontanelliArete Research Services LLP
Brett SimpsonArete Research Services LLP
Seung-Chul BaeBarclays