Financials LG Electronics Inc.

Equities

A066570

KR7066570003

Household Electronics

End-of-day quote Korea S.E. Other stock markets 06:00:00 2024-06-06 pm EDT			5-day change	1st Jan Change
100,700 ^KRW	0.00%		-3.91%	-1.08%

Jun. 06	LG Electronics Brings Ling Space on Wheels Vision to Life with U.S. Launch of LG AlphaWare SDV Software	CI
May. 27	LG Electronics Advanced Automotive Content Platform Features in KIA's Newest Electric Vehicle	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	12,231,932	23,085,593	23,603,455	14,811,995	17,368,560	17,192,823	-	-
Enterprise Value (EV) ²	18,713	27,976	28,433	19,535	22,202	22,107	20,500	18,598
P/E ratio	427 x	12.4 x	24.1 x	13 x	25.7 x	8.88 x	7.09 x	5.85 x
Yield	1.04%	0.89%	0.62%	0.81%	0.79%	1.17%	1.84%	2.02%
Capitalization / Revenue	0.2 x	0.36 x	0.31 x	0.18 x	0.21 x	0.19 x	0.19 x	0.18 x
EV / Revenue	0.3 x	0.44 x	0.38 x	0.23 x	0.26 x	0.25 x	0.22 x	0.19 x
EV / EBITDA	3.79 x	4.79 x	4.17 x	2.99 x	3.29 x	3.02 x	2.63 x	2.27 x
EV / FCF	11.6 x	11.2 x	970 x	-2,176 x	12.5 x	6.98 x	5.96 x	5.41 x
FCF Yield	8.64%	8.96%	0.1%	-0.05%	8%	14.3%	16.8%	18.5%
Price to Book	0.82 x	1.42 x	1.3 x	0.74 x	0.84 x	0.84 x	0.76 x	0.69 x
Nbr of stocks (in thousands)	180,066	180,066	180,066	180,066	180,066	180,066	-	-
Reference price ³	72,100	135,000	138,000	86,500	101,800	100,700	100,700	100,700
Announcement Date	1/30/20	1/28/21	1/27/22	1/27/23	1/8/24	-	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	62,306	63,262	75,719	83,612	84,280	88,200	92,758	97,609
EBITDA ¹	4,942	5,838	6,811	6,536	6,757	7,322	7,790	8,205
EBIT ¹	2,436	3,195	3,848	3,488	3,548	4,095	4,556	5,016
Operating Margin	3.91%	5.05%	5.08%	4.17%	4.21%	4.64%	4.91%	5.14%
Earnings before Tax (EBT) ¹	528.6	2,456	3,476	2,396	1,870	3,416	4,143	4,944
Net income ¹	31.3	1,968	1,032	1,196	712.9	1,988	2,384	2,985
Net margin	0.05%	3.11%	1.36%	1.43%	0.85%	2.25%	2.57%	3.06%
EPS ²	169.0	10,926	5,725	6,640	3,954	11,334	14,208	17,216
Free Cash Flow ³	1,617,037	2,507,279	29,317	-8,978	1,775,988	3,168,838	3,440,656	3,436,880
FCF margin	2,595.31%	3,963.33%	38.72%	-10.74%	2,107.24%	3,592.81%	3,709.29%	3,521.06%
FCF Conversion (EBITDA)	32,718.31%	42,949.77%	430.42%	-	26,283.33%	43,277.85%	44,169.9%	41,889.74%
FCF Conversion (Net income)	5,166,252.4%	127,382.97%	2,841.62%	-	249,121.62%	159,363.43%	144,308.51%	115,145.15%
Dividend per Share ²	750.0	1,200	850.0	700.0	800.0	1,183	1,850	2,033
Announcement Date	1/30/20	1/28/21	1/27/22	1/27/23	1/8/24	-	-	-

¹KRW in Billions²KRW³KRW in Million

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	21,009	21,111	19,472	21,171	21,858	20,418	19,999	20,714	23,157	21,096	21,215	22,056	23,648	22,811	21,878
EBITDA ¹	1,438	2,610	1,519	1,489	865.4	2,268	1,523	1,788	1,179	2,181	1,741	1,628	1,562	2,150	1,746
EBIT ¹	677.7	1,880	791.7	746.6	69.3	1,497	892.7	996.7	312.5	1,335	959.7	1,005	711.4	1,414	1,092
Operating Margin	3.23%	8.91%	4.07%	3.53%	0.32%	7.33%	4.46%	4.81%	1.35%	6.33%	4.52%	4.56%	3.01%	6.2%	4.99%
Earnings before Tax (EBT) ¹	46.9	1,923	604.2	436	-566.3	933.7	386.2	649	-99	978.4	742.6	872.9	549.6	1,288	918.8
Net income ¹	38.6	1,227	193	122.7	-346	471.3	162.1	385.4	-305.9	474.8	456.2	427.7	241	807.6	628.7
Net margin	0.18%	5.81%	0.99%	0.58%	-1.58%	2.31%	0.81%	1.86%	-1.32%	2.25%	2.15%	1.94%	1.02%	3.54%	2.87%
EPS ²	214.0	6,811	1,070	682.0	-1,923	2,616	899.0	2,139	-1,700	2,635	2,617	2,150	1,562	3,855	3,226
Dividend per Share ²	850.0	-	-	-	700.0	-	-	-	800.0	-	-	-	2,700	-	-
Announcement Date	1/27/22	4/28/22	7/7/22	10/7/22	1/27/23	4/7/23	7/7/23	10/10/23	1/8/24	4/25/24	-	-	-	-	-

¹KRW in Billions²KRW

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	6,481	4,890	4,830	4,723	4,833	4,914	3,307	1,405
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.311 x	0.8377 x	0.7091 x	0.7225 x	0.7153 x	0.6711 x	0.4245 x	0.1712 x
Free Cash Flow ²	1,617,037	2,507,279	29,317	-8,978	1,775,988	3,168,838	3,440,656	3,436,880
ROE (net income / shareholders' equity)	0.22%	12.2%	5.48%	8.75%	5%	9.46%	10.7%	11.3%
ROA (Net income/ Total Assets)	0.07%	4.44%	2.03%	2.2%	1.23%	3.75%	4.3%	4.44%
Assets ¹	44,587	44,379	50,843	54,318	57,776	53,085	55,451	67,159
Book Value Per Share ³	87,977	94,776	105,784	116,599	120,728	119,307	131,906	144,920
Cash Flow per Share ³	22,649	25,693	14,857	19,080	36,305	34,791	38,192	41,073
Capex ¹	2,072	2,121	2,818	3,753	4,138	3,137	3,254	3,399
Capex / Sales	3.33%	3.35%	3.72%	4.49%	4.91%	3.56%	3.51%	3.48%
Announcement Date	1/30/20	1/28/21	1/27/22	1/27/23	1/8/24	-	-	-

¹KRW in Billions²KRW in Million³KRW

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for LG Electronics Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

100,700 KRW

Average target price

131,231 KRW

Spread / Average Target

+30.32%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Household Electronics

	1st Jan change	Capi.
LG ELECTRONICS INC.	-1.08%	12.48B
PANASONIC HOLDINGS CORPORATION	-4.37%	19.91B
DIXON TECHNOLOGIES (INDIA) LIMITED	+52.06%	7.15B
GN STORE NORD A/S	+29.10%	4.68B
HANGZHOU EZVIZ NETWORK CO., LTD.	+27.84%	4.46B
SHARP CORPORATION	-8.41%	3.82B
SHENZHEN MTC CO., LTD.	-10.75%	3.11B
CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED	+27.81%	3.06B
SICHUAN CHANGHONG ELECTRIC CO.,LTD.	-11.34%	2.99B
VIZIO HOLDING CORP.	+40.26%	2.14B

Other Household Electronics