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South Korea's #3 mobile carrier, offering wireless, broadband and IPTV services, part of LG Group.
South Korea's #3 mobile carrier, offering wireless, broadband and IPTV services, part of LG Group.
Earns monthly service fees from mobile and home broadband and TV subscribers, with the third-ranked share of Korean mobile, so income follows subscriber numbers and the average fee each pays. It also sells corporate network, data-centre and IoT services. LG Corp is the largest shareholder.
Moat: narrow (regulatory licence, installed base, switching costs). Licensed spectrum holder with a national network; subscriber switching costs sustain share.
Headquarters: Seoul, South Korea · Founded: 1996 · Employees: 9,765
Size LG Uplus (032640.KS) is a South Korea Communication Services company (Major Telecommunications) with a market value of $5.17B, the 78th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩16,760 on 6 Nov 2026.
Performance Over six months the shares gained 5.8%, against -7.9% for the median peer and -24.5% for the South Korea market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue fell 0.2% over the last twelve months (peer median +1.9%); the operating margin is 7.1% (peer median 11.1%).
Valuation It trades at 9.8× forward earnings against a peer median of 16.8× (2nd cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -17% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.8 points above its cost of capital (5.0% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩15.3T | ₩15.5T | ₩14.6T | ₩14.4T | ₩13.9T |
| Revenue growth | — | +6% | +2% | +3% | — |
| Gross profit | n/a | ₩6.23T | ₩5.97T | ₩6.02T | ₩6.02T |
| EBITDA | n/a | ₩3.59T | ₩3.53T | ₩3.57T | ₩3.53T |
| Net income | ₩669B | ₩524B | ₩374B | ₩623B | ₩663B |
| Free cash flow | n/a | ₩1.35T | ₩1.42T | ₩439B | ₩1.22T |
| Capital expenditure | n/a | ₩1.98T | ₩2.40T | ₩2.94T | ₩2.85T |
| Total debt | n/a | ₩7.04T | ₩7.17T | ₩7.38T | ₩7.04T |
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 Uplus 032640.KS | $5.17B | +6% | 0% | 7% | 9.8× | -17.5% |
| SKTelecom 017670.KS | $12.1B | -18% | +2% | 10% | 12.3× | -9.8% |
| KT 030200.KS | $9.46B | -12% | +9% | 7% | 9.0× | -4.1% |
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 | 032640.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.6% | +2.8% | 4th highest of 21 |
| 6-month return | +5.8% | -7.9% | 8th highest of 21 |
| Distance from 52-week high | -10.8% | -19.5% | 9th highest of 21 |
| Revenue growth (TTM) | -0.2% | +1.9% | 8th lowest of 21 |
| Operating margin | 7.1% | 11.1% | 6th lowest of 21 |
| Forward P/E | 9.8× | 16.8× | 2nd cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -17.5% | 0.5% | least demanding of 18 |
| Growth delivered (Del g) | +2.9% | +2.7% | 9th highest of 18 |
| Hurdle (Req g minus delivered) | -20.3 pp | -4.3 pp | least demanding of 18 |
| ROIC minus cost of capital | +3.8 pp | +0.1 pp | 8th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| LG Uplus 032640.KS | South Korea | $5.17B | +6% | 0% | 7% | 9.8× | -17.5% | +2.9% |
| United Internet UTDI.DE | Germany | $5.17B | -9% | -8% | 9% | 15.5× | 1.4% | +2.7% |
| Tata Communications TATACOMM.NS | India | $5.15B | +7% | +9% | 8% | 30.9× | 34.1% | +7.7% |
| PCCW 0008.HK | Hong Kong | $5.04B | -17% | +7% | 13% | 46.4× | 1.2% | +2.3% |
| Telecom Argentina SA Sponsored ADR TEO | United States | $4.87B | -16% | +33% | 9% | 12.8× | 4.1% | +8.4% |
| Lumen Technologies LUMN | United States | $4.12B | -59% | -8% | -3% | n/a | 5.1% | -9.7% |
| Internet Initiative Japan 3774.T | Japan | $4.05B | +30% | +14% | 9% | 25.3× | 2.3% | +10.2% |
| Liberty Global LBTYA | United States | $3.28B | -19% | -27% | -1% | n/a | n/a | n/a |
| NetLink NBN Trust CJLU.SI | Singapore | $2.87B | -7% | 0% | 22% | 44.5× | 16.0% | +2.3% |
| KT 030200.KS | South Korea | $9.46B | -12% | +9% | 7% | 9.0× | -4.1% | +3.4% |
| ITI ITI.NS | India | $2.53B | -18% | -41% | -1% | n/a | n/a | n/a |
| Eutelsat Communications ETL.PA | France | $2.40B | -40% | -1% | -6% | n/a | n/a | n/a |
| Tele2 TEL2-A.ST | Sweden | $11.2B | -14% | +2% | 24% | 10.7× | -2.4% | +2.4% |
| HKT Trust and HKT 6823.HK | Hong Kong | $11.9B | -2% | +7% | 22% | 16.8× | -3.1% | +2.4% |
| IDT IDT | United States | $2.18B | +54% | +5% | 9% | 19.5× | 5.7% | -2.2% |
| Quebecor QBR-B.TO | Canada | $12.3B | +36% | +3% | 27% | 16.8× | 0.4% | +5.6% |
| Liberty Latin America LILA | United States | $1.73B | +72% | +1% | 17% | n/a | 0.5% | +3.4% |
| Royal KPN KPN.AS | Netherlands | $18.6B | -4% | +2% | 24% | 18.2× | -2.5% | +1.9% |
| Guangdong South New Media 300770.SZ | China | $1.37B | +7% | -6% | 37% | 13.8× | -1.5% | +5.9% |
| Telenor TEL.OL | Norway | $19.8B | -14% | -7% | 24% | 13.5× | -7.7% | -8.0% |
| Gamma Communications GAMA.L | United Kingdom | $1.32B | +23% | +7% | 15% | 11.9× | -0.4% | +10.4% |