Loading...
LPL logo

LG Display Co., Ltd.NYSE:LPL Stock Report

Market Cap US$4.3b
Share Price
US$4.32
US$5.05
14.4% undervalued intrinsic discount
1Y41.6%
7D0.9%
Portfolio Value
​
View

LG Display Co., Ltd.

NYSE:LPL Stock Report

Market Cap: US$4.3b

LG Display (LPL) Stock Overview

Engages in the research, development, manufacture, and sale of organic light-emitting diode (OLED) and thin-film transistor liquid crystal display (TFT-LCD) panels in South Korea, China, the rest of Asia, North America, and Europe. More details

LPL fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends0/6

Rewards

Trading at 75.4% below our estimate of its fair value

Earnings are forecast to grow 64.49% per year

Trading at good value compared to peers and industry

Risk Analysis

No risks detected for LPL from our risk checks.

LPL Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

View all narratives

LG Display Co., Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for LG Display
Historical stock prices
Current Share Price₩4.32
52 Week High₩5.67
52 Week Low₩2.97
Beta1.12
1 Month Change9.92%
3 Month Change9.09%
1 Year Change41.64%
3 Year Change-23.81%
5 Year Change-55.28%
Change since IPO-69.25%

Recent News & 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

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.

Shareholder Returns

LPLUS ElectronicUS Market
7D0.9%6.5%3.2%
1Y41.6%101.8%31.0%

Return vs Industry: LPL underperformed the US Electronic industry which returned 101.8% over the past year.

Return vs Market: LPL exceeded the US Market which returned 31% over the past year.

Price Volatility

Is LPL's price volatile compared to industry and market?
LPL volatility
LPL Average Weekly Movement10.5%
Electronic Industry Average Movement9.0%
Market Average Movement7.1%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: LPL has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: LPL's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985n/aChul-Dong Jeongwww.lgdisplay.com

LG Display Co., Ltd., together with its subsidiaries, engages in the research, development, manufacture, and sale of organic light-emitting diode (OLED) and thin-film transistor liquid crystal display (TFT-LCD) panels in South Korea, China, the rest of Asia, North America, and Europe. The company offers display panels for televisions; monitors; IT products comprising notebook computers, desktop monitors, and tablet computers; laptops; smartphones and smartwatches; mobile phones and watches; automobiles; and other products with display devices. It also engages in the operation and management of welfare facilities; management of intellectual properties; production and sale of LCD modules and monitor sets; and investment in venture businesses and technologies.

LG Display Co., Ltd. Fundamentals Summary

How do LG Display's earnings and revenue compare to its market cap?
LPL fundamental statistics
Market capUS$4.27b
Earnings (TTM)-US$55.98m
Revenue (TTM)US$17.33b
0.2x
P/S Ratio
-76.2x
P/E Ratio

Is LPL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
LPL income statement (TTM)
Revenue₩25.28t
Cost of Revenue₩21.88t
Gross Profit₩3.40t
Other Expenses₩3.48t
Earnings-₩81.65b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-163.31
Gross Margin13.45%
Net Profit Margin-0.32%
Debt/Equity Ratio162.4%

How did LPL perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 10:11
End of Day Share Price 2026/05/07 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

LG Display Co., Ltd. is covered by 37 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

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