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Korean maker of lithium-ion EV and energy-storage batteries, spun off from LG Chem, supplying global automakers.
Korean maker of lithium-ion EV and energy-storage batteries, spun off from LG Chem, supplying global automakers.
Sells battery cells under multi-year supply agreements, with several North American plants run as joint ventures with carmakers, including GM and Stellantis, so factory use depends on partners' EV sales. It was split from LG Chem in 2020 and listed in 2022; LG Chem still owns most of the shares.
In one line: Korea's Panasonic Energy — a pure-play EV battery cell maker..
Moat: narrow (scale, customer qualification, switching costs). Long-term, qualified supply contracts with major automakers, though its cost curve still trails CATL.
Headquarters: Seoul, South Korea · Founded: 2020 · Employees: 12,922
Size LG Energy Solution (373220.KS) is a South Korea Industrials company (Electrical Products) with a market value of $58.2B, the 4th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩337,500 on 6 Nov 2026.
Performance Over six months the shares fell 26.7%, against -22.6% for the median peer and -24.5% for the South Korea market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 24.7% over the last twelve months (peer median +13.4%); the operating margin is 0.7% (peer median 13.5%).
Valuation It trades at 2.6× enterprise value to sales against a peer median of 2.5× (10th most expensive of 21).
Capital Return on invested capital runs 6.2 points below its cost of capital (6.7% WACC).
Credit LG Energy Solution has 9 bonds outstanding ($4.80B), rated BBB by the agencies and trading like BBB- at a weighted spread of 115 bp.
Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩29.9T | ₩23.7T | ₩25.6T | ₩33.7T | ₩25.6T |
| Revenue growth | — | -8% | -24% | +32% | — |
| Gross profit | n/a | ₩3.67T | ₩3.05T | ₩4.68T | ₩4.08T |
| EBITDA | n/a | ₩3.39T | ₩2.14T | ₩4.45T | ₩3.06T |
| Net income | -₩2.23T | -₩1.07T | -₩1.02T | ₩1.24T | ₩767B |
| Free cash flow | n/a | -₩6.40T | -₩7.29T | -₩5.48T | -₩6.80T |
| Capital expenditure | n/a | ₩11.0T | ₩12.5T | ₩10.0T | ₩6.30T |
| Total debt | n/a | ₩22.5T | ₩15.4T | ₩10.9T | ₩8.11T |
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 Energy Solution 373220.KS | $58.2B | -27% | +25% | 1% | 2.6× | n/a |
| Contemporary Amperex Technology 300750.SZ | $179B | -42% | +51% | 14% | 2.0× | 1.6% |
| Panasonic 6752.T | $44.5B | -6% | +4% | 8% | 1.0× | 9.8% |
| Samsung Sdi 006400.KS | $26.8B | -33% | +21% | 0% | 2.3× | n/a |
| SK Innovation 096770.KS | $13.4B | -25% | +26% | 9% | 0.2× | n/a |
| BYD 1211.HK | $98.9B | -26% | 0% | 4% | 1.0× | 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 | 373220.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.7% | -14.2% | 11th highest of 21 |
| 6-month return | -26.7% | -22.6% | 11th highest of 21 |
| Distance from 52-week high | -36.0% | -34.0% | 9th lowest of 21 |
| Revenue growth (TTM) | +24.7% | +13.4% | 6th highest of 21 |
| Operating margin | 0.7% | 13.5% | 2nd lowest of 21 |
| EV / Sales | 2.6× | 2.5× | 10th most expensive of 21 |
| ROIC minus cost of capital | -6.2 pp | +4.4 pp | 2nd lowest of 21 |
| Bond spread | 115 bp | 72 bp | widest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| LG Energy Solution 373220.KS | South Korea | $58.2B | -27% | +25% | 1% | 2.6× | n/a | n/a |
| Mitsubishi Electric 6503.T | Japan | $59.9B | -28% | +12% | 10% | 1.4× | 13.2% | +7.1% |
| Mitsubishi Heavy Industries 7011.T | Japan | $62.1B | -37% | -3% | 10% | 1.8× | 9.0% | +6.1% |
| Ametek AME | United States | $52.4B | -1% | +14% | 27% | 7.2× | 18.5% | +10.3% |
| Rockwell Automation ROK | United States | $41.7B | -17% | +11% | 14% | 5.0× | 27.2% | +5.7% |
| BYD 002594.SZ | China | $96.6B | -17% | -4% | 4% | 1.0× | n/a | n/a |
| Prysmian PRY.MI | Italy | $33.9B | -35% | +17% | 8% | 1.5× | 13.1% | +14.4% |
| Fujikura 5803.T | Japan | $33.0B | -50% | +28% | 19% | 3.9× | 28.9% | +12.9% |
| Vestas Wind Systems A/S VWS.CO | Denmark | $31.0B | +8% | +10% | 7% | 1.4× | 0.5% | +4.9% |
| Siemens Energy ENR.DE | Germany | $111B | -33% | +9% | 9% | 2.2× | 17.3% | +7.3% |
| NARI Technology 600406.SS | China | $28.6B | -8% | +12% | 13% | 2.6× | 2.5% | +11.4% |
| Samsung Sdi 006400.KS | South Korea | $26.8B | -33% | +21% | 0% | 2.3× | n/a | n/a |
| Shengyi Technology 600183.SS | China | $25.7B | -8% | +56% | 22% | 4.4× | 20.5% | +14.1% |
| Eaton ETN | United States | $133B | -15% | +20% | 19% | 4.8× | 19.1% | +9.0% |
| Sungrow Power Supply 300274.SZ | China | $25.3B | -40% | -24% | 12% | 2.4× | 12.1% | +35.8% |
| ABB ABBN.SW | Switzerland | $147B | -17% | +1% | 18% | 4.2× | 4.3% | +2.3% |
| Hubbell HUBB | United States | $22.7B | -13% | +16% | 21% | 4.2× | 10.5% | +9.7% |
| Schneider Electric SU.PA | France | $151B | -16% | +7% | 18% | 3.6× | 18.0% | +9.8% |
| Yangtze Optical Fibre & Cable Joint Stock 601869.SS | China | $19.8B | -32% | +68% | 34% | 5.9× | 15.7% | +11.6% |
| Contemporary Amperex Technology 300750.SZ | China | $179B | -42% | +51% | 14% | 2.0× | 1.6% | +53.1% |
| EVE Energy 300014.SZ | China | $17.0B | -28% | +51% | 6% | 1.6× | n/a | n/a |
LG Energy Solution has 9 bonds outstanding with $4.80B face value. The agencies rate it BBB; its bonds trade like BBB-. Weighted yield 5.80%, a spread of 115 bp over government bonds.