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Korean maker of OLED and LCD display panels for TVs, smartphones, laptops and automotive screens.
Korean maker of OLED and LCD display panels for TVs, smartphones, laptops and automotive screens.
Has spent years shifting from LCD, where Chinese makers set prices, toward OLED, closing or selling older LCD lines. Large OLED TV panels go largely to LG Electronics, its largest shareholder, and Sony, while small OLEDs for Apple's iPhones and iPads are a second pillar.
In one line: The world's leading large-OLED panel maker, akin to a display-focused Corning..
Moat: narrow (scale, process know-how, installed base). Leading large-OLED capacity and technology, but LCD price wars with Chinese makers erode returns.
Headquarters: Seoul, South Korea · Founded: 1999 · Employees: 24,430
Size LG Display (034220.KS) is a South Korea Information Technology company (Electronic Production Equipment) with a market value of $2.61B, the 112th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩7,090 on 6 Nov 2026.
Performance Over six months the shares fell 42.2%, against -22.6% for the median peer and -24.5% for the South Korea market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 6.9% over the last twelve months (peer median +18.2%); the operating margin is 1.9% (peer median 6.5%).
Valuation It trades at 0.1× enterprise value to sales against a peer median of 3.1× (cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -13% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.9 points below its cost of capital (5.2% WACC).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩24.6T | ₩25.8T | ₩26.6T | ₩21.3T | ₩25.9T |
| Revenue growth | — | -3% | +25% | -18% | — |
| Gross profit | n/a | ₩3.15T | ₩2.31T | ₩80.2B | ₩648B |
| EBITDA | n/a | ₩4.87T | ₩4.57T | ₩1.70T | ₩2.26T |
| Net income | -₩576B | ₩226B | -₩2.56T | -₩2.73T | -₩3.07T |
| Free cash flow | n/a | ₩927B | ₩285B | -₩1.78T | -₩2.01T |
| Capital expenditure | n/a | ₩2.11T | ₩2.91T | ₩4.15T | ₩5.85T |
| Total debt | n/a | ₩12.7T | ₩14.6T | ₩16.6T | ₩15.1T |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| LG Display 034220.KS | $2.61B | -42% | -7% | 2% | 0.1× | -13.4% |
| BOE Technology 000725.SZ | $25.3B | +9% | -4% | 2% | 1.5× | -3.9% |
| Japan Display 6740.T | $773M | -74% | -25% | -9% | 1.7× | n/a |
| AUO 2409.TW | $6.02B | +49% | -1% | -2% | 0.7× | n/a |
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 | 034220.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.1% | -21.0% | 9th highest of 21 |
| 6-month return | -42.2% | -22.6% | 4th lowest of 21 |
| Distance from 52-week high | -60.5% | -50.2% | 5th lowest of 21 |
| Revenue growth (TTM) | -6.9% | +18.2% | 2nd lowest of 21 |
| Operating margin | 1.9% | 6.5% | 4th lowest of 21 |
| EV / Sales | 0.1× | 3.1× | cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -13.4% | 13.8% | least demanding of 8 |
| Growth delivered (Del g) | +1.2% | +7.3% | 2nd lowest of 8 |
| Hurdle (Req g minus delivered) | -14.6 pp | -1.3 pp | least demanding of 8 |
| ROIC minus cost of capital | -0.9 pp | -2.8 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| LG Display 034220.KS | South Korea | $2.61B | -42% | -7% | 2% | 0.1× | -13.4% | +1.2% |
| Forehope Electronic (Ningbo) 688362.SS | China | $2.67B | -19% | +19% | 0% | 5.4× | n/a | n/a |
| AXT AXTI | United States | $2.55B | -67% | +89% | 20% | 12.5× | n/a | n/a |
| Marketech International 6196.TW | Taiwan | $2.68B | +8% | +44% | 7% | 1.3× | 6.3% | +15.5% |
| Sinomag Technology 300835.SZ | China | $2.54B | +10% | +18% | 6% | 11.8× | n/a | n/a |
| Zhejiang Jiemei Electronic & Technology 002859.SZ | China | $2.71B | -21% | +26% | 13% | 8.3× | n/a | n/a |
| Shenzhen Zesum Technology 301486.SZ | China | $2.41B | -42% | +57% | 3% | 9.9× | n/a | n/a |
| Nippon Electric Glass 5214.T | Japan | $2.32B | -44% | +3% | 8% | 1.1× | 2.4% | +5.1% |
| Exosens EXENS.PA | France | $2.95B | -11% | +15% | 17% | 5.7× | 24.3% | +25.6% |
| OPT Machine Vision Tech 688686.SS | China | $2.96B | +48% | +38% | 12% | 11.6× | n/a | n/a |
| VECO VECO | United States | $2.27B | -37% | -3% | 4% | 3.1× | 37.1% | +7.9% |
| Universal Microwave Technology 3491.TWO | Taiwan | $2.26B | -36% | +36% | 27% | 22.6× | n/a | n/a |
| Alps Alpine 6770.T | Japan | $2.23B | -24% | +5% | 3% | 0.3× | -3.8% | +7.3% |
| Shenzhen H&T Intelligent Control 002402.SZ | China | $2.23B | -49% | +2% | 6% | 1.7× | n/a | n/a |
| Foxconn Technology 2354.TW | Taiwan | $2.23B | -11% | +13% | 2% | n/a | n/a | n/a |
| XiaMen HongXin Electron-tech 300657.SZ | China | $2.21B | -18% | +4% | 8% | 2.5× | n/a | n/a |
| OFILM 002456.SZ | China | $3.10B | -35% | -17% | -1% | 1.5× | 27.0% | -14.4% |
| Guangdong Create Century Intelligent Equipment 300083.SZ | China | $3.13B | +7% | +35% | 11% | 3.3× | n/a | n/a |
| Benchmark Electronics BHE | United States | $2.16B | -29% | +13% | 4% | 0.7× | 13.8% | +5.3% |
| Xiamen Intretech 002925.SZ | China | $2.16B | -3% | +39% | 9% | 2.9× | n/a | n/a |
| Olympic Circuit Technology 603920.SS | China | $3.29B | -42% | +21% | 6% | 3.1× | n/a | n/a |