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LG group supplier of camera modules, substrates and motors for smartphones and cars.
LG group supplier of camera modules, substrates and motors for smartphones and cars.
Sells camera modules to Apple, whose iPhone cycle makes sales highly seasonal, with most revenue coming from Apple. Substrates and auto components are smaller, steadier lines. LG Electronics is its largest shareholder.
In one line: A key Apple component supplier, like a smaller Jabil.
Moat: narrow (customer qualification, process know-how). Deep qualification as a core camera-module supplier to Apple's iPhone line.
Headquarters: Seoul, South Korea · Founded: 2008 · Employees: 12,211
Size LG Innotek (011070.KS) is a South Korea Information Technology company (Electronic Production Equipment) with a market value of $4.62B, the 83rd largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩265,000 on 6 Nov 2026.
Performance Over six months the shares fell 53.8%, against -14.6% for the median peer and -24.5% for the South Korea market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 19.7% over the last twelve months (peer median +21.1%); the operating margin is 3.8% (peer median 8.2%).
Valuation It trades at 9.6× forward earnings against a peer median of 22.7× (cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.6 points above its cost of capital (11.7% WACC).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩25.0T | ₩21.9T | ₩21.2T | ₩20.6T | ₩19.6T |
| Revenue growth | — | +3% | +3% | +5% | — |
| Gross profit | n/a | ₩2.23T | ₩1.83T | ₩1.93T | ₩2.49T |
| EBITDA | n/a | ₩1.82T | ₩1.99T | ₩1.88T | ₩2.14T |
| Net income | ₩630B | ₩341B | ₩449B | ₩565B | ₩973B |
| Free cash flow | n/a | ₩720B | ₩231B | ₩305B | -₩202B |
| Capital expenditure | n/a | ₩755B | ₩949B | ₩1.88T | ₩1.80T |
| Total debt | n/a | ₩2.28T | ₩2.67T | ₩2.76T | ₩2.03T |
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 |
|---|---|---|---|---|---|---|
| LG Innotek 011070.KS | $4.62B | -54% | +20% | 4% | 9.6× | -0.3% |
| Largan Precision 3008.TW | $17.7B | +76% | 0% | 35% | 26.0× | 12.6% |
| Sunny Optical 2382.HK | $8.92B | -3% | +20% | 8% | 14.8× | 4.9% |
| SamsungElecMech 009150.KS | $47.2B | +5% | +22% | 12% | 38.7× | 42.8% |
| Cowell e 1415.HK | $2.38B | -33% | +15% | 7% | 9.8× | -10.3% |
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 | 011070.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -55.2% | -15.4% | lowest of 21 |
| 6-month return | -53.8% | -14.6% | lowest of 21 |
| Distance from 52-week high | -85.2% | -44.6% | lowest of 21 |
| Revenue growth (TTM) | +19.7% | +21.1% | 10th lowest of 21 |
| Operating margin | 3.8% | 8.2% | 5th lowest of 21 |
| Forward P/E | 9.6× | 22.7× | cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -0.3% | 16.8% | 2nd least demanding of 13 |
| Growth delivered (Del g) | +18.1% | +11.1% | 5th highest of 13 |
| Hurdle (Req g minus delivered) | -18.4 pp | +9.5 pp | 3rd least demanding of 13 |
| ROIC minus cost of capital | +0.6 pp | +0.9 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| LG Innotek 011070.KS | South Korea | $4.62B | -54% | +20% | 4% | 9.6× | -0.3% | +18.1% |
| MDA Space MDA.TO | Canada | $4.65B | -14% | +38% | 5% | 28.1× | n/a | n/a |
| Shenzhen Sunlord Electronics 002138.SZ | China | $4.55B | +11% | +20% | 16% | 24.4× | 14.5% | +14.2% |
| Quectel Wireless Solutions 603236.SS | China | $4.71B | +50% | +30% | 5% | 21.1× | n/a | n/a |
| Lagercrantz LAGR-B.ST | Sweden | $4.72B | -6% | +17% | 15% | 30.8× | 20.6% | +21.0% |
| JoulWatt Technology 688141.SS | China | $4.44B | -30% | +50% | -28% | n/a | n/a | n/a |
| Asmpt 0522.HK | Hong Kong | $5.02B | -47% | +21% | 9% | 20.4× | 12.1% | -1.3% |
| Plexus PLXS | United States | $5.12B | -28% | +23% | 5% | 17.9× | n/a | n/a |
| 3Peak 688536.SS | China | $5.26B | -5% | +74% | 16% | 50.7× | 46.0% | +30.6% |
| Universal Display OLED | United States | $3.98B | -4% | -2% | 35% | 19.6× | 14.3% | +8.7% |
| Guangdong Fenghua Advanced Technology (Holding) 000636.SZ | China | $5.42B | +26% | +36% | 8% | 45.0× | 28.6% | +5.9% |
| Jones Tech 300684.SZ | China | $3.83B | +20% | +15% | 20% | 45.3× | 42.9% | +9.8% |
| AAC Technologies 2018.HK | Hong Kong | $5.60B | -4% | +16% | 8% | 13.8× | 1.2% | +12.4% |
| Guobo Electronics 688375.SS | China | $5.61B | -49% | -12% | 13% | 83.0× | 39.7% | +1.4% |
| Changsha Jingjia Microelectronics 300474.SZ | China | $3.59B | -30% | +50% | -77% | n/a | n/a | n/a |
| Vishay Intertechnology VSH | United States | $3.57B | -32% | +18% | 5% | 13.2× | 18.8% | +4.2% |
| Fositek 6805.TW | Taiwan | $3.50B | -15% | +46% | 27% | 20.0× | 14.7% | +41.1% |
| BYD Electronic 0285.HK | Hong Kong | $6.15B | -24% | +4% | 1% | 19.5× | -0.8% | +18.8% |
| Olympic Circuit Technology 603920.SS | China | $3.29B | -42% | +21% | 6% | 30.1× | n/a | n/a |
| Universal Scientific Industrial (Shanghai) 601231.SS | China | $6.50B | -52% | +4% | 3% | 19.6× | n/a | n/a |
| Guangdong Create Century Intelligent Equipment 300083.SZ | China | $3.13B | +7% | +35% | 11% | 24.4× | n/a | n/a |