Financials LG Electronics Inc. Korea S.E.

Equities

A066575

KR7066571001

Household Electronics

End-of-day quote Korea S.E. Other stock markets 18:00:00 2024-05-30 EDT			5-day change	1st Jan Change
46,950 ^KRW	+0.11%		+7.68%	+2.51%

05-27	LG Electronics Advanced Automotive Content Platform Features in KIA's Newest Electric Vehicle	CI
05-17	General Motors, LG Establish $150 Million Fund as Part of Settlement With Chevrolet Bolt EV Owners, Reuters Reports	MT

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	17,876,972	-	-
Enterprise Value (EV) ²	18,713	27,976	28,433	19,535	22,202	22,791	21,184	19,282
P/E ratio	427 x	12.4 x	24.1 x	13 x	25.7 x	9.12 x	7.24 x	6 x
Yield	1.04%	0.89%	0.62%	0.81%	0.79%	1.13%	1.74%	1.91%
Capitalization / Revenue	0.2 x	0.36 x	0.31 x	0.18 x	0.21 x	0.2 x	0.19 x	0.18 x
EV / Revenue	0.3 x	0.44 x	0.38 x	0.23 x	0.26 x	0.26 x	0.23 x	0.2 x
EV / EBITDA	3.79 x	4.79 x	4.17 x	2.99 x	3.29 x	3.11 x	2.72 x	2.35 x
EV / FCF	11.6 x	11.2 x	970 x	-2,176 x	12.5 x	7.35 x	6.14 x	5.42 x
FCF Yield	8.64%	8.96%	0.1%	-0.05%	8%	13.6%	16.3%	18.5%
Price to Book	0.82 x	1.42 x	1.3 x	0.74 x	0.84 x	0.88 x	0.79 x	0.72 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	104,800	104,800	104,800
Announcement Date	20-01-30	21-01-28	22-01-27	23-01-27	24-01-08	-	-	-

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	88,256	92,730	97,623
EBITDA ¹	4,942	5,838	6,811	6,536	6,757	7,320	7,790	8,204
EBIT ¹	2,436	3,195	3,848	3,488	3,548	4,105	4,573	4,995
Operating Margin	3.91%	5.05%	5.08%	4.17%	4.21%	4.65%	4.93%	5.12%
Earnings before Tax (EBT) ¹	528.6	2,456	3,476	2,396	1,870	3,465	4,237	5,039
Net income ¹	31.3	1,968	1,032	1,196	712.9	2,033	2,465	3,036
Net margin	0.05%	3.11%	1.36%	1.43%	0.85%	2.3%	2.66%	3.11%
EPS ²	169.0	10,926	5,725	6,640	3,954	11,496	14,466	17,467
Free Cash Flow ³	1,617,037	2,507,279	29,317	-8,978	1,775,988	3,100,588	3,449,211	3,558,233
FCF margin	2,595.31%	3,963.33%	38.72%	-10.74%	2,107.24%	3,513.18%	3,719.64%	3,644.88%
FCF Conversion (EBITDA)	32,718.31%	42,949.77%	430.42%	-	26,283.33%	42,359.72%	44,278.37%	43,372.65%
FCF Conversion (Net income)	5,166,252.4%	127,382.97%	2,841.62%	-	249,121.62%	152,504.57%	139,939.3%	117,190.59%
Dividend per Share ²	750.0	1,200	850.0	700.0	800.0	1,183	1,821	2,004
Announcement Date	20-01-30	21-01-28	22-01-27	23-01-27	24-01-08	-	-	-

¹KRW in Billions²KRW³KRW in Million

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	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	2025 Q2
Net sales ¹	21,009	21,111	19,472	21,171	21,858	20,418	19,999	20,714	23,157	21,096	21,215	22,056	23,648	22,811	21,878
EBITDA ¹	1,438	2,610	1,519	1,489	865.4	2,268	1,523	1,788	1,179	2,181	1,741	1,628	1,562	2,150	1,746
EBIT ¹	677.7	1,880	791.7	746.6	69.3	1,497	892.7	996.7	312.5	1,335	963.4	1,005	718.1	1,414	1,092
Operating Margin	3.23%	8.91%	4.07%	3.53%	0.32%	7.33%	4.46%	4.81%	1.35%	6.33%	4.54%	4.56%	3.04%	6.2%	4.99%
Earnings before Tax (EBT) ¹	46.9	1,923	604.2	436	-566.3	933.7	386.2	649	-99	978.4	742.6	872.9	549.6	1,288	918.8
Net income ¹	38.6	1,227	193	122.7	-346	471.3	162.1	385.4	-305.9	474.8	479.9	465.6	282.7	807.6	628.7
Net margin	0.18%	5.81%	0.99%	0.58%	-1.58%	2.31%	0.81%	1.86%	-1.32%	2.25%	2.26%	2.11%	1.2%	3.54%	2.87%
EPS ²	214.0	6,811	1,070	682.0	-1,923	2,616	899.0	2,139	-1,700	2,635	2,617	2,150	1,562	3,855	3,226
Dividend per Share ²	850.0	-	-	-	700.0	-	-	-	800.0	-	-	-	2,700	-	-
Announcement Date	22-01-27	22-04-28	22-07-07	22-10-07	23-01-27	23-04-07	23-07-07	23-10-10	24-01-08	24-04-25	-	-	-	-	-

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	4,914	3,307	1,405
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.311 x	0.8377 x	0.7091 x	0.7225 x	0.7153 x	0.6713 x	0.4245 x	0.1712 x
Free Cash Flow ²	1,617,037	2,507,279	29,317	-8,978	1,775,988	3,100,588	3,449,211	3,558,233
ROE (net income / shareholders' equity)	0.22%	12.2%	5.48%	8.75%	5%	9.56%	10.9%	11.4%
ROA (Net income/ Total Assets)	0.07%	4.44%	2.03%	2.2%	1.23%	3.75%	4.31%	4.46%
Assets ¹	44,587	44,379	50,843	54,318	57,776	54,277	57,229	68,146
Book Value Per Share ³	87,977	94,776	105,784	116,599	120,728	119,525	132,555	145,338
Cash Flow per Share ³	22,649	25,693	14,857	19,080	36,305	34,757	38,061	40,916
Capex ¹	2,072	2,121	2,818	3,753	4,138	3,166	3,275	3,396
Capex / Sales	3.33%	3.35%	3.72%	4.49%	4.91%	3.59%	3.53%	3.48%
Announcement Date	20-01-30	21-01-28	22-01-27	23-01-27	24-01-08	-	-	-

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

106,300 KRW

Average target price

131,231 KRW

Spread / Average Target

+23.45%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Household Electronics

	1st Jan change	Capi.
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PANASONIC HOLDINGS CORPORATION	-0.93%	19.96B
DIXON TECHNOLOGIES (INDIA) LIMITED	+43.09%	6.69B
GN STORE NORD A/S	+26.43%	4.56B
HANGZHOU EZVIZ NETWORK CO., LTD.	+17.99%	4.23B
SHARP CORPORATION	-3.51%	3.97B
SICHUAN CHANGHONG ELECTRIC CO.,LTD.	-6.99%	3.1B
SHENZHEN MTC CO., LTD.	-11.29%	3.06B
CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED	+26.17%	3.02B

Other Household Electronics