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LG Display

WBAG:LGA
Snowflake Description

Reasonable growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LGA
WBAG
₩7,693B
Market Cap
  1. Home
  2. AT
  3. Tech
Company description

LG Display Co., Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. The last earnings update was 50 days ago. More info.


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LGA Share Price and Events
7 Day Returns
0.5%
WBAG:LGA
2.6%
Europe Electronic
3.2%
AT Market
1 Year Returns
-
WBAG:LGA
1.2%
Europe Electronic
-2.6%
AT Market
LGA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LG Display (LGA) 0.5% 8.1% 7.8% - - -
Europe Electronic 2.6% 5.1% 14.4% 1.2% 35.3% 77.6%
AT Market 3.2% 6.1% 8.1% -2.6% 43.9% 29.9%
1 Year Return vs Industry and Market
  • No trading data on LGA.
  • No trading data on LGA.
Price Volatility
LGA
Industry
5yr Volatility vs Market
Related Companies

LGA Value

 Is LG Display undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of LG Display to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for LG Display.

WBAG:LGA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 31 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:LGA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 30%) (111.25%))
1.602
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.6
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.602 * 5.96%)
10.06%

Discounted Cash Flow Calculation for WBAG:LGA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for LG Display is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:LGA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (KRW, Millions) Source Present Value
Discounted (@ 10.06%)
2019 -3,575,900.00 Analyst x14 -3,249,097.14
2020 735,617.65 Analyst x17 607,304.92
2021 606,425.00 Analyst x4 454,892.83
2022 525,569.51 Est @ -13.33% 358,211.47
2023 477,321.19 Est @ -9.18% 295,595.19
2024 447,378.17 Est @ -6.27% 251,732.20
2025 428,417.41 Est @ -4.24% 219,032.43
2026 416,362.86 Est @ -2.81% 193,415.21
2027 408,799.15 Est @ -1.82% 172,546.42
2028 404,226.19 Est @ -1.12% 155,023.58
Present value of next 10 years cash flows ₩-541,342.90
WBAG:LGA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₩404,226.19 × (1 + 0.51%) ÷ (10.06% – 0.51%)
₩4,255,094.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₩4,255,094.10 ÷ (1 + 10.06%)10
₩1,631,858.40
WBAG:LGA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₩-541,342.90 + ₩1,631,858.40
₩1,090,515.50
Equity Value per Share
(KRW)
= Total value / Shares Outstanding
= ₩1,090,515.50 / 357.82
₩3047.7
WBAG:LGA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:LGA represents 0.0004x of KOSE:A034220
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0004x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (KRW) x Listing Adjustment Factor
= ₩ 3,047.70 x 0.0004
€1.22
Value per share (EUR) From above. €1.22
Current discount Discount to share price of €8.59
= -1 x (€8.59 - €1.22) / €1.22
-605.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of LG Display is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for LG Display's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LG Display's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:LGA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in KRW ₩-579.00
KOSE:A034220 Share Price ** KOSE (2019-04-18) in KRW ₩21500
Europe Electronic Industry PE Ratio Median Figure of 110 Publicly-Listed Electronic Companies 17.62x
Austria Market PE Ratio Median Figure of 52 Publicly-Listed Companies 14.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of LG Display.

WBAG:LGA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= KOSE:A034220 Share Price ÷ EPS (both in KRW)

= 21500 ÷ -579.00

-37.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LG Display is loss making, we can't compare its value to the Europe Electronic industry average.
  • LG Display is loss making, we can't compare the value of its earnings to the Austria market.
Price based on expected Growth
Does LG Display's expected growth come at a high price?
Raw Data
WBAG:LGA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -37.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 31 Analysts
55.4%per year
Europe Electronic Industry PEG Ratio Median Figure of 73 Publicly-Listed Electronic Companies 1.7x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.28x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for LG Display, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on LG Display's assets?
Raw Data
WBAG:LGA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in KRW ₩39,068.13
KOSE:A034220 Share Price * KOSE (2019-04-18) in KRW ₩21500
Europe Electronic Industry PB Ratio Median Figure of 171 Publicly-Listed Electronic Companies 1.95x
Austria Market PB Ratio Median Figure of 60 Publicly-Listed Companies 1.24x
WBAG:LGA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= KOSE:A034220 Share Price ÷ Book Value per Share (both in KRW)

= 21500 ÷ 39,068.13

0.55x

* Primary Listing of LG Display.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LG Display is good value based on assets compared to the Europe Electronic industry average.
X
Value checks
We assess LG Display's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. LG Display has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LGA Future Performance

 How is LG Display expected to perform in the next 1 to 3 years based on estimates from 31 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
55.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LG Display expected to grow at an attractive rate?
  • LG Display's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • LG Display's earnings growth is expected to exceed the Austria market average.
  • LG Display's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:LGA Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:LGA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 31 Analysts 55.4%
WBAG:LGA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 31 Analysts 4.1%
Europe Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
Europe Electronic Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:LGA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 31 Analyst Estimates (S&P Global) See Below
All numbers in KRW Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:LGA Future Estimates Data
Date (Data in KRW Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 544,500
2022-12-31 30,638,000 544,500 1
2021-12-31 27,273,912 5,811,138 273,200 11
2020-12-31 26,532,372 5,114,319 222,472 29
2019-12-31 25,143,205 4,575,605 -184,625 31
WBAG:LGA Past Financials Data
Date (Data in KRW Millions) Revenue Cash Flow Net Income *
2018-12-31 24,336,571 4,484,123 -207,239
2018-09-30 24,514,848 5,353,414 -316,434
2018-06-30 25,385,580 5,808,178 122,127
2018-03-31 26,403,218 6,324,375 1,109,812
2017-12-31 27,790,216 6,764,201 1,802,756
2017-09-30 28,600,099 6,471,221 2,563,810
2017-06-30 28,350,779 5,613,131 2,299,653
2017-03-31 27,577,035 3,966,177 1,537,760
2016-12-31 26,504,074 3,640,906 906,714
2016-09-30 26,063,867 3,145,191 92,841
2016-06-30 26,498,293 2,561,995 104,184
2016-03-31 27,350,736 2,860,223 510,773

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LG Display's earnings are expected to grow significantly at over 20% yearly.
  • LG Display's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:LGA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 31 Analyst Estimates (S&P Global) See Below

All data from LG Display Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:LGA Future Estimates Data
Date (Data in KRW Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1,559.50 3,021.00 243.00 5.00
2020-12-31 622.50 1,619.00 116.00 20.00
2019-12-31 -349.74 328.00 -1,186.00 21.00
WBAG:LGA Past Financials Data
Date (Data in KRW Millions) EPS *
2018-12-31 -579.00
2018-09-30 -884.35
2018-06-30 341.31
2018-03-31 3,101.63
2017-12-31 5,038.00
2017-09-30 7,165.17
2017-06-30 6,426.92
2017-03-31 4,297.63
2016-12-31 2,534.03
2016-09-30 259.47
2016-06-30 291.17
2016-03-31 1,427.48

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • LG Display is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess LG Display's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
LG Display has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LGA Past Performance

  How has LG Display performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare LG Display's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • LG Display does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare LG Display's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare LG Display's 1-year growth to the Europe Electronic industry average as it is not currently profitable.
Earnings and Revenue History
LG Display's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from LG Display Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:LGA Past Revenue, Cash Flow and Net Income Data
Date (Data in KRW Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 24,336,571.00 -207,239.00 1,530,985.00 1,221,198.00
2018-09-30 24,514,848.00 -316,434.00 1,676,619.00 1,239,724.00
2018-06-30 25,385,580.00 122,127.00 1,639,593.00 1,197,603.00
2018-03-31 26,403,218.00 1,109,812.00 1,637,640.00 1,214,301.00
2017-12-31 27,790,216.00 1,802,756.00 1,507,275.00 1,213,432.00
2017-09-30 28,600,099.00 2,563,810.28 1,551,116.00 1,189,634.00
2017-06-30 28,350,779.00 2,299,653.28 1,485,650.00 1,201,980.00
2017-03-31 27,577,035.00 1,537,760.28 1,397,988.00 1,145,924.00
2016-12-31 26,504,074.00 906,714.28 1,304,416.00 1,133,972.00
2016-09-30 26,063,867.00 92,841.00 1,339,995.00 1,135,169.00
2016-06-30 26,498,293.00 104,184.00 1,425,029.00 1,147,475.00
2016-03-31 27,350,736.00 510,773.00 1,450,960.00 1,207,344.00
2015-12-31 28,383,884.00 966,553.00 1,470,885.00 1,217,929.00
2015-09-30 29,230,073.00 1,358,476.00 1,476,444.00 1,212,905.00
2015-06-30 28,618,725.00 1,519,112.00 1,374,507.00 1,210,662.00
2015-03-31 27,890,180.00 1,442,443.00 1,321,776.00 1,157,203.00
2014-12-31 26,455,529.00 904,268.00 1,266,846.00 1,164,294.00
2014-09-30 25,192,603.00 599,722.00 1,180,276.00 1,138,609.00
2014-06-30 25,224,485.00 494,915.00 1,196,612.00 1,111,310.00
2014-03-31 25,817,493.00 342,268.00 1,234,941.00 1,126,505.00
2013-12-31 27,033,035.00 426,118.00 1,249,143.00 1,095,727.00
2013-09-30 28,696,598.00 668,804.00 1,237,232.00 1,031,553.00
2013-06-30 29,710,908.00 582,422.00 1,239,947.00 934,330.00
2013-03-31 30,049,232.00 365,567.00 1,271,439.00 834,679.00
2012-12-31 29,429,668.00 233,204.00 1,307,433.00 785,111.00
2012-09-30 27,297,071.00 -75,910.00 1,311,189.00 763,053.00
2012-06-30 25,972,759.00 -920,604.00 1,241,579.00 785,431.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if LG Display has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if LG Display has efficiently used its assets last year compared to the Europe Electronic industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if LG Display improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess LG Display's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
LG Display has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LGA Health

 How is LG Display's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up LG Display's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • LG Display's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • LG Display's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of LG Display's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from LG Display Company Filings, last reported 3 months ago.

WBAG:LGA Past Debt and Equity Data
Date (Data in KRW Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 14,886,246.00 8,558,777.00 2,460,548.00
2018-09-30 14,692,079.00 7,720,465.00 2,767,735.00
2018-06-30 14,532,848.00 7,566,453.00 3,124,876.00
2018-03-31 14,825,636.00 6,731,690.00 3,426,204.00
2017-12-31 14,981,510.00 5,603,118.00 3,371,124.00
2017-09-30 15,168,112.00 5,384,381.00 3,234,981.00
2017-06-30 14,589,455.00 5,022,838.00 2,557,573.00
2017-03-31 13,708,923.00 4,684,394.00 2,260,964.00
2016-12-31 13,462,388.00 4,779,242.00 2,670,380.00
2016-09-30 12,301,663.00 4,795,440.00 2,504,356.00
2016-06-30 12,346,499.00 4,874,680.00 2,471,070.00
2016-03-31 12,500,637.00 4,268,921.00 2,418,702.00
2015-12-31 12,704,956.00 4,224,316.00 2,455,352.00
2015-09-30 13,021,518.00 4,380,759.00 2,599,106.00
2015-06-30 12,634,016.00 4,115,227.00 2,680,999.00
2015-03-31 12,192,582.00 3,996,276.00 2,741,009.00
2014-12-31 11,783,410.00 4,247,386.00 2,346,766.00
2014-09-30 11,392,234.00 4,583,528.00 2,364,018.00
2014-06-30 10,906,224.00 4,495,947.00 2,244,785.00
2014-03-31 10,715,822.00 3,765,135.00 2,021,632.00
2013-12-31 10,797,420.00 3,902,779.00 2,254,328.00
2013-09-30 10,652,991.00 4,008,521.00 2,650,353.00
2013-06-30 10,533,200.00 4,095,865.00 2,977,587.00
2013-03-31 10,344,895.00 4,725,795.00 3,101,076.00
2012-12-31 10,240,180.00 4,455,857.00 2,642,581.00
2012-09-30 9,976,847.00 4,653,066.00 2,504,862.00
2012-06-30 9,895,930.00 4,757,805.00 2,659,129.00
  • LG Display's level of debt (57.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (36.1% vs 57.5% today).
  • Debt is well covered by operating cash flow (52.4%, greater than 20% of total debt).
  • LG Display is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess LG Display's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. LG Display has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LGA Dividends

 What is LG Display's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.33%
Current annual income from LG Display dividends. Estimated to be 2.2% next year.
If you bought €2,000 of LG Display shares you are expected to receive €47 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • LG Display's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.37%).
  • LG Display's dividend is below the markets top 25% of dividend payers in Austria (4.59%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:LGA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 31 Analyst Estimates (S&P Global) See Below
Europe Electronic Industry Average Dividend Yield Market Cap Weighted Average of 92 Stocks 1.7%
Austria Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 3.3%
Austria Minimum Threshold Dividend Yield 10th Percentile 0.9%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:LGA Future Dividends Estimate Data
Date (Data in ₩) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 451.57 5.00
2020-12-31 484.38 16.00
2019-12-31 466.67 15.00
WBAG:LGA Past Annualized Dividends Data
Date (Data in ₩) Dividend per share (annual) Avg. Yield (%)
2018-01-23 500.000 2.370
2017-01-24 500.000 1.623
2016-01-26 500.000 1.840
2015-01-28 500.000 1.927
2013-01-24 0.000 0.000
2012-11-15 0.000 0.000
2012-11-13 0.000 0.000
2012-08-13 0.000 0.000
2012-08-10 0.000 0.000
2012-05-15 0.000 0.000
2012-05-11 0.000 0.000
2012-04-30 0.000 0.000
2012-03-02 0.000 0.000
2011-03-30 500.000 1.899
2010-01-20 500.000 1.289
2009-04-20 500.000 1.492

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of LG Display's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).
X
Income/ dividend checks
We assess LG Display's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can LG Display afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LG Display has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LGA Management

 What is the CEO of LG Display's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sang-Beom Han
COMPENSATION ₩2,314,000,000
AGE 63
TENURE AS CEO 7.3 years
CEO Bio

Mr. Sang-Beom Han has been the Chief Executive Officer of at LG Display Co., Ltd. since December 2011 and served as its President since December 2012. Mr. Han served as the Head of the TV Business Division of LG Display Co., Ltd. since November 2009. Mr. Han served as an Executive Vice President of LG.Philips LCD CO., Ltd. since January 2006. He serves as Head of IT Business Unit of LG.Philips LCD CO., Ltd. Mr. Han served as Vice president of Panel 5 factory and the Manufacturing Technology Center of LG.Philips LCD CO., Ltd. since December 2001. He served as a Vice president of Panel 5 factory and the Manufacturing Technology Center for Lg Philips Lcd Co. Ltd. since December 2001. He served as Vice President of Hynix Semiconductor Inc. He has been Chairman of the Board of LG Display Co., Ltd. since March 2017 and served as its Vice Chairman since January 2016. He has been a Director at LG Display Co., Ltd. since March 9, 2012. Mr. Han studied Ph.D. degree in material science from Stevens Institute of Technology.

CEO Compensation
  • Sang-Beom's compensation has increased whilst company is loss making.
  • Insufficient data for Sang-Beom to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the LG Display management team in years:

5.3
Average Tenure
60
Average Age
  • The average tenure for the LG Display management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sang-Beom Han

TITLE
Chairman of the Board & CEO
COMPENSATION
₩2B
AGE
63
TENURE
7.3 yrs

Yong-Kee Hwang

TITLE
President & Head of TV Business Unit
AGE
60
TENURE
1.3 yrs

Dong-Hee Seo

TITLE
CFO, Senior VP & Director
AGE
54

In-Byeong Kang

TITLE
Executive VP & CTO
AGE
55
TENURE
4.3 yrs

Heeyeon Kim

TITLE
Head of Investor Relations and Vice President

Young-Kwon Song

TITLE
Head of Strategy & Marketing Group

Bang Lee

TITLE
Executive VP & Head of Business Support Group
AGE
60
TENURE
9.3 yrs

Soo Cha

TITLE
Executive Vice President of TV Business Unit
AGE
61
TENURE
5.3 yrs

Yu Yin

TITLE
Executive VP & Head of the China Operation Group Unit
AGE
62
TENURE
11.3 yrs

Kyong-Deuk Jeong

TITLE
Head of IT Business Unit & Executive VP
AGE
55
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the LG Display board of directors in years:

1.6
Average Tenure
61.5
Average Age
  • The average tenure for the LG Display board of directors is less than 3 years, this suggests a new board.
Board of Directors

Dong-Hee Seo

TITLE
CFO, Senior VP & Director
AGE
54
TENURE
0.1 yrs

Sung-Sik Hwang

TITLE
Outside Director
AGE
62
TENURE
4.3 yrs

Sang-Beom Han

TITLE
Chairman of the Board & CEO
COMPENSATION
₩2B
AGE
63
TENURE
2.1 yrs

Young-Soo Kwon

TITLE
Director
AGE
61
TENURE
0.1 yrs

Kun Han

TITLE
Outside Director
AGE
62
TENURE
3.1 yrs

Hyun-Hwoi Ha

TITLE
Non-Standing Director
AGE
62
TENURE
2.1 yrs

Byung Lee

TITLE
Outside Director
AGE
54
TENURE
1.1 yrs

Chang-Yang Lee

TITLE
Outside Director
AGE
56
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess LG Display's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. LG Display has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LGA News

Simply Wall St News

LGA Company Info

Description

LG Display Co., Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices. The company also provides panels for industrial and other applications, including entertainment systems, automotive displays, portable navigation devices, and medical diagnostic equipment. It serves end-brand customers and their system integrators. The company was formerly known as LG.Philips LCD Co., Ltd. and changed its name to LG Display Co., Ltd. in February 2008. LG Display Co., Ltd. was founded in 1985 and is headquartered in Seoul, South Korea.

Details
Name: LG Display Co., Ltd.
LGA
Exchange: WBAG
Founded: 1985
₩6,017,513,340
357,815,700
Website: http://www.lgdisplay.com
Address: LG Display Co., Ltd.
LG Twin Towers,
128 Yeoui-daero,
Seoul,
07336,
South Korea
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KOSE A034220 Common Stock Korea Stock Exchange KR KRW 23. Jul 2004
NYSE LPL SPONS ADR REP New York Stock Exchange US USD 22. Jul 2004
DB LGA SPONS ADR REP Deutsche Boerse AG DE EUR 22. Jul 2004
WBAG LGA SPONS ADR REP Wiener Boerse AG AT EUR 22. Jul 2004
Number of employees
Current staff
Staff numbers
33,434
LG Display employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 22:27
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.