Stock Analysis

LG Electronics Full Year 2023 Earnings: EPS: ₩3,949 (vs ₩7,441 in FY 2022)

Published
KOSE:A066570

LG Electronics (KRX:066570) Full Year 2023 Results

Key Financial Results

  • Revenue: ₩84t (flat on FY 2022).
  • Net income: ₩712.0b (down 47% from FY 2022).
  • Profit margin: 0.8% (down from 1.6% in FY 2022).
  • EPS: ₩3,949 (down from ₩7,441 in FY 2022).
KOSE:A066570 Earnings and Revenue Growth March 19th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

LG Electronics Earnings Insights

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Consumer Durables industry in South Korea.

Performance of the South Korean Consumer Durables industry.

The company's shares are down 1.6% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with LG Electronics, and understanding this should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.