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Korean maker of power transmission/distribution equipment (switchgear, transformers) and industrial automation gear.
Korean maker of power transmission/distribution equipment (switchgear, transformers) and industrial automation gear.
Sells equipment mostly by order or project, with transformers and switchgear for utilities and data-center builders carrying the business and automation products going to factories. It is part of LS Group, which separated from the LG Group in the early 2000s.
In one line: Korea's Eaton/Schneider Electric for grid and factory power equipment..
Moat: narrow (installed base, scale, customer qualification). Established domestic grid-equipment incumbent riding global grid and data-center power upgrade demand.
Headquarters: Anyang, South Korea · Founded: 1974 · Employees: 3,482
Size Ls Electric (010120.KS) is a South Korea Industrials company (Electrical Products) with a market value of $12.8B, the 32nd largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩116,500 on 6 Nov 2026.
Performance Over six months the shares fell 58.1%, against -25.1% for the median peer and -24.5% for the South Korea market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 32.4% over the last twelve months (peer median +16.4%); the operating margin is 10.5% (peer median 12.2%).
Valuation It trades at 31.6× forward earnings against a peer median of 18.1× (9th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is +6 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 12.8 points above its cost of capital (10.1% WACC).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩6.36T | ₩4.97T | ₩4.55T | ₩4.23T | ₩3.38T |
| Revenue growth | — | +9% | +8% | +25% | — |
| Gross profit | n/a | ₩1.06T | ₩926B | ₩793B | ₩612B |
| EBITDA | n/a | ₩550B | ₩502B | ₩409B | ₩290B |
| Net income | ₩465B | ₩287B | ₩239B | ₩206B | ₩90.3B |
| Free cash flow | n/a | ₩99.1B | ₩84.9B | ₩102B | -₩260B |
| Capital expenditure | n/a | ₩213B | ₩155B | ₩127B | ₩123B |
| Total debt | n/a | ₩1.39T | ₩1.24T | ₩988B | ₩902B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ls Electric 010120.KS | $12.8B | -58% | +32% | 10% | 31.6× | 21.9% |
| Hyosung Heavy 298040.KS | $10.8B | -60% | +13% | 13% | 18.9× | 13.5% |
| Hd Hyundai Electric 267260.KS | $9.71B | -71% | +21% | 25% | 15.0× | 0.7% |
| Schneider Electric SU.PA | $151B | -16% | +7% | 18% | 22.2× | 18.0% |
| Eaton ETN | $133B | -15% | +20% | 19% | 21.4× | 19.1% |
| Siemens Energy ENR.DE | $111B | -33% | +9% | 9% | 26.4× | 17.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 010120.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -43.3% | -6.8% | lowest of 21 |
| 6-month return | -58.1% | -25.1% | 2nd lowest of 21 |
| Distance from 52-week high | -65.2% | -34.4% | 5th lowest of 21 |
| Revenue growth (TTM) | +32.4% | +16.4% | 5th highest of 20 |
| Operating margin | 10.5% | 12.2% | 9th lowest of 20 |
| Forward P/E | 31.6× | 18.1× | 9th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 21.9% | 14.0% | 6th most demanding of 14 |
| Growth delivered (Del g) | +15.6% | +12.9% | 3rd highest of 13 |
| Hurdle (Req g minus delivered) | +6.2 pp | -0.9 pp | 6th most demanding of 13 |
| ROIC minus cost of capital | +12.8 pp | +2.8 pp | 7th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ls Electric 010120.KS | South Korea | $12.8B | -58% | +32% | 10% | 31.6× | 21.9% | +15.6% |
| Dongfang Electric 600875.SS | China | $12.9B | -42% | +2% | 5% | 16.1× | n/a | n/a |
| CG Power & Industrial Solutions CGPOWER.NS | India | $12.9B | -10% | +24% | 12% | 72.3× | n/a | n/a |
| Polycab India POLYCAB.NS | India | $12.5B | -13% | +41% | 13% | 33.8× | n/a | n/a |
| Shanghai Electric 601727.SS | China | $12.3B | -24% | +16% | n/a | 64.2× | -5.7% | -1.6% |
| Kingboard Laminates 1888.HK | Hong Kong | $12.2B | -26% | +32% | 21% | 10.8× | n/a | n/a |
| Siemens SIEMENS.NS | India | $13.4B | -8% | -12% | 9% | 72.7× | n/a | n/a |
| Nidec 6594.T | Japan | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% | +10.9% |
| Jiangsu Zhongtian Technology 600522.SS | China | $11.7B | -30% | +22% | 8% | 11.6× | 4.1% | +4.5% |
| TBEA 600089.SS | China | $14.2B | -29% | +12% | 6% | 15.2× | n/a | n/a |
| Nordex NDX1.DE | Germany | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% | +10.2% |
| Regal Rexnord RRX | United States | $11.3B | -21% | +5% | 12% | 14.0× | 14.0% | +15.3% |
| GE Vernova T&D India GVT&D.NS | India | $10.9B | -16% | +41% | 26% | 62.7× | 45.7% | +12.4% |
| Hengtong Optic-Electric 600487.SS | China | $14.9B | -38% | +21% | 9% | 11.8× | n/a | n/a |
| Hyosung Heavy 298040.KS | South Korea | $10.8B | -60% | +13% | 13% | 18.9× | 13.5% | +14.9% |
| ABB India ABB.NS | India | $15.2B | -6% | +8% | 13% | 85.7× | 47.3% | +17.8% |
| Ningbo Deye Technology 605117.SS | China | $15.3B | -26% | +71% | 27% | 17.3× | 7.9% | +32.1% |
| Siemens Energy India ENRIN.NS | India | $10.6B | -11% | n/a | 20% | 60.1× | 27.3% | n/a |
| Bharat Heavy Electricals BHEL.NS | India | $15.4B | +3% | +29% | 9% | 41.2× | 44.1% | +14.6% |
| Zangge Mining 000408.SZ | China | $15.5B | -26% | +35% | 51% | 12.5× | 22.0% | +13.4% |
| Generac GNRC | United States | $10.4B | -34% | +6% | 13% | 14.6× | 20.1% | +11.1% |