LG Display Co Ltd LPL

Information TechnologyElectronic Equipment & PartsKorea; Republic (S. Korea)

Last close 2.60 USD on Nov 2, 2026, −38.2% year to date

Quant rating

Quant rating C Rank 135 of 200 in Information Technology

Growth D 149 of 200
Valuation A 20 of 200
Quality D 145 of 200
Revisions C 108 of 200
Momentum D 162 of 200

Wall Street consensus Hold (3.50)Average target 3.71 USD +42.9%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 2.8B
Enterprise value: 12.7B
52-week range: 2.56 – 5.83
3-year range: 2.56 – 5.83
Dividend yield: –
Beta (5 years): 1.77
Shares outstanding: 500M
Next earnings: Jan 25, 2027

About the company

LG Display Co Ltd is a Korea-based company primarily engaged in the manufacturing and sale of display panels. The Company's product portfolio includes display panels for information technology (IT) applications such as monitors, laptops, and tablets, display panels for smartphones and smart watches, display panels for televisions (TVs), as well as display panels for automobiles. In addition, the Company provides other products, including raw materials and components. The Company sells its products in both domestic and overseas markets.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	17,917	18,023	16,479	20,740	25,151	–
Revenue growth	−0.6%	9.4%	−20.5%	−17.5%	12.4%	−4.3%
EPS (basic, normalized)	0.16	−2.00	−2.76	−3.32	1.37	–
EPS growth	–	–	–	–	–	–
Gross margin	13.1%	9.7%	1.6%	4.3%	17.8%	9.3%
Net margin	0.9%	−9.6%	−12.8%	−11.7%	4.0%	−5.9%
ROE	3.4%	−37.2%	−32.0%	−26.7%	9.7%	−16.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	938
Current ratio	0.63x
Long-term debt (mil)	4,740
Net debt (mil)	8,626
Total equity (mil)	4,072
Net debt / equity	2.12x
Net debt / EBITDA	2.49x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	17,917	−0.6%	0.7x	3,461	–	3.7x	0.16	+108.0%	16.4x
2026	17,169	−4.2%	0.7x	3,330	−3.8%	3.8x	0.35	+120.1%	7.4x
2027	16,898	−1.6%	0.8x	3,411	+2.5%	3.7x	0.68	+94.3%	3.8x
2028	18,202	+7.7%	0.7x	3,506	+2.8%	3.6x	1.46	+114.7%	1.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	17,169	+3.6%	+3.6%	+8.7%	0.35	+55.6%	+55.6%	+194.6%
2027	16,898	+2.1%	+2.1%	+9.5%	0.68	−0.7%	−0.7%	+518.2%
2028	18,202	0.0%	0.0%	–	1.46	0.0%	0.0%	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	FQ-5	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	3,952	4,896	5,037	5,606	4,181	3,995	5,018	4,968	3,779	3,738
Sales mean (mil)	3,837	4,684	–	–	4,295	3,694	4,709	4,862	3,447	3,273
Surprise	+3.0%	+4.5%	–	–	−2.6%	+8.1%	+6.6%	+2.2%	+9.6%	+14.2%
EPS reported	−0.77	−0.74	−0.26	−0.67	–	0.62	−0.01	−0.25	−0.39	−0.54
EPS mean	−0.57	−0.39	–	–	–	−0.11	0.08	0.12	−0.05	−0.10
Surprise	−34.4%	−89.5%	–	–	–	−662.7%	−118.8%	−305.0%	−680.0%	−439.0%

Peer comparison Electronic Equipment & Parts

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
LPL LG Display Co Ltd	2.8B	2.49x	0.9%	0.56x	7.4x	3.8x	3.8x	3.7x
APH Amphenol Corp	197.1B	1.84x	18.5%	11.51x	28.5x	22.2x	17.2x	14.2x
GLW Corning Incorporated	106.1B	1.39x	10.2%	8.16x	36.5x	27.3x	19.6x	15.4x
TEL TE Connectivity PLC	62.5B	0.79x	10.7%	4.61x	16.0x	14.2x	10.9x	10.0x
CLS Celestica Inc.	31.4B	−3.10x	6.7%	5.06x	21.7x	11.4x	14.7x	7.2x
COHR Coherent Corp.	39.4B	0.92x	10.8%	3.59x	21.2x	14.3x	14.0x	9.7x
Mean		0.72x	9.6%	5.58x	21.9x	15.5x	13.4x	10.1x
Median		1.16x	10.4%	4.83x	21.5x	14.2x	14.4x	9.9x

Technical analysis

1M−16.7%
3M−13.3%
1Y−48.1%
3Y−43.0%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, LG Display Co Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	17,917	18,023	16,479	20,740	25,151	22,372
Cost of revenue	15,573	16,279	16,213	19,849	20,685	19,942
Gross profit	2,344	1,744	267	891	4,466	2,430
Selling, general & administrative expenses	852	963	935	1,240	1,335	1,252
Research & development	979	980	1,066	1,096	1,029	1,013
Depreciation/amortization	154	180	205	209	225	199
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	149	113	94.0	1,111	37.4	175
Other operating expenses	0	0	0	0	0	0
Operating income	210	−492	−2,033	−2,765	1,840	−208
Net interest income (expense)	−371	−951	−440	73.9	−361	−356
Gain (loss) on sale of assets	498	−16.9	−50.6	−22.9	−37.7	−20.9
Other non-operating income (expense)	11.6	−23.6	−55.6	−8.8	5.7	30.1
Net income before taxes	348	−1,484	−2,580	−2,723	1,447	−556
Provision for taxes	137	147	−589	−189	324	−485
Minority interest	−53.8	−104	−121	98.4	−124	−17.2
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	157	−1,735	−2,112	−2,436	999	−87.5
Extraordinary items	–	–	–	–	–	–
Net income	157	−1,735	−2,112	−2,436	999	−87.5
EBIT, normalized	359	−380	−1,939	−1,654	1,878	−33.6
EBITDA, normalized	3,416	3,132	1,381	1,961	5,666	3,778
Basic EPS, normalized	0.16	−2.00	−2.76	−3.32	1.37	–

Balance sheet in millions of USD, fiscal years

Balance sheet, LG Display Co Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	1,092	1,369	1,745	1,659	2,985	3,891
Receivables	1,775	2,646	2,608	2,034	3,978	3,409
Total inventory	1,767	1,809	1,953	2,278	2,820	2,002
Prepaid expenses	26.8	8.6	226	255	656	836
Other current assets	186	1,022	810	1,263	661	97.6
Total current assets	4,847	6,855	7,342	7,490	11,101	10,235
Property, plant & equipment	10,058	11,668	15,631	16,635	17,306	18,571
Goodwill	19.7	19.8	18.7	18.7	40.7	42.0
Intangibles	1,006	1,035	1,352	1,372	1,344	899
Long-term investments	112	105	135	252	193	120
Note receivable	1.9	10.0	25.9	49.9	28.3	27.9
Other long-term assets	2,641	2,558	3,122	2,485	2,105	2,440
Total assets	18,686	22,251	27,626	28,302	32,118	32,335
Liabilities
Accounts payable	2,296	2,814	3,225	3,221	4,052	3,485
Payable/accrued	–	–	–	–	–	–
Accrued expenses	543	430	501	578	1,026	601
Short-term debt	563	657	1,449	2,045	517	364
Current portion of long-term debt	2,071	3,761	2,590	2,297	2,891	2,528
Other current liabilities	1,188	3,077	2,961	2,931	3,295	3,172
Total current liabilities	6,662	10,739	10,727	11,072	11,781	10,150
Long-term debt	6,199	5,474	8,787	7,605	7,324	10,158
Minority interest	857	1,036	1,188	1,142	1,384	1,232
Other liabilities	383	571	1,336	647	587	287
Total liabilities	14,101	17,821	22,039	20,466	21,074	21,827
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	1,735	1,693	1,382	1,419	1,506	1,650
Additional paid-in capital	1,903	1,878	1,739	1,785	1,895	2,076
Retained earnings (accumulated deficit)	196	−12.5	2,067	4,251	7,190	6,933
Treasury stock	–	–	–	–	–	–
Other equity	751	872	399	380	452	−151
Total equity	4,585	4,430	5,587	7,835	11,043	10,508
Total liabilities & shareholders' equity	18,686	22,251	27,626	28,302	32,118	32,335

Cash flow statement in millions of USD, fiscal years

Cash flow statement, LG Display Co Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	211	−1,631	−1,991	−2,534	1,123	−65.1
Depreciation, depletion & amortization	3,023	3,471	3,255	3,614	3,789	3,813
Deferred taxes	–	–	–	–	–	–
Non-cash items	549	1,199	125	1,210	1,216	308
Changes in working capital	−2,039	−1,512	−89.3	97.6	−1,284	−1,947
Cash from operations	1,743	1,526	1,300	2,388	4,843	2,109
Investing activities
Capital expenditures	−1,463	−1,975	−3,210	−4,687	−3,180	−2,727
Other investing cash flows	783	1,052	1,209	−627	−409	588
Cash from investing	−679	−923	−2,000	−5,314	−3,589	−2,139
Financing activities
Financing cash flow items	−32.6	−266	−26.3	−47.7	0	148
Cash dividends paid	–	–	–	−184	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−1,330	−637	1,070	1,776	−2,076	711
Cash from financing	−1,363	−904	1,044	1,543	−2,076	859
Foreign exchange effects	−12.5	141	−8.8	20.8	252	−16.0
Net change in cash	−312	−160	334	−1,362	−569	813
Free cash flow	280	−449	−1,910	−2,299	1,664	−618

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.