LG Display Co. (LPL)
NYSE:LPL
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LG Display
(NYSE:LPL)
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Rating:45Neutral
Price Target:
$4.50
▲(3.21% Upside)
Action:Reiterated
Date:05/23/26
The score is held down primarily by weak financial quality (TTM net loss, negative free cash flow, and high leverage). Technicals are comparatively supportive with price above major moving averages and positive MACD, but valuation remains difficult to justify with negative earnings. The latest earnings call was balanced: OLED-driven operating improvement and shipment recovery guidance are tempered by expected near-term pricing pressure, leverage, and FX-driven net losses.
Positive Factors
OLED mix and premium ASP
A sustained shift to OLED (60% of revenue) and much higher ASPs represent durable product-mix improvement. Premium OLED positioning supports structurally higher margins, stronger customer design-ins, and greater pricing power versus commoditized LCD over the next several quarters.
Negative Factors
Elevated leverage and weak liquidity
Very high leverage and subpar short-term liquidity materially increase refinancing and interest-rate risk. Debt-funded capital structure limits financial flexibility to absorb cyclical revenue shocks or fund strategic initiatives without raising fresh capital, constraining long-term stability.
Read all positive and negative factors
Positive Factors
Negative Factors
OLED mix and premium ASP
A sustained shift to OLED (60% of revenue) and much higher ASPs represent durable product-mix improvement. Premium OLED positioning supports structurally higher margins, stronger customer design-ins, and greater pricing power versus commoditized LCD over the next several quarters.
Read all positive factors
LG Display (LPL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.59B
Dividend YieldN/A
Average Volume (3M)2.03M
Price to Earnings (P/E)―
Beta (1Y)1.29
Revenue Growth-9.90%
EPS Growth97.79%
CountryUS
Employees27,352
SectorTechnology
Sector Strength88
IndustryConsumer Electronics
Share Statistics
EPS (TTM)-81.69
Shares Outstanding1,000,000,000
10 Day Avg. Volume2,240,551
30 Day Avg. Volume2,028,781
Financial Highlights & Ratios
PEG Ratio-0.25
Price to Book (P/B)0.92
Price to Sales (P/S)0.23
P/FCF Ratio9.30K
Enterprise Value/Market Cap4.42K
Enterprise Value/Revenue0.80
Enterprise Value/Gross Profit5.98
Enterprise Value/Ebitda4.12
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.13
Revenue Forecast (FY)$16.96B
LG Display Business Overview & Revenue Model
Company Description
LG Display Co., Ltd. is a leading manufacturer and supplier of cutting-edge display panels, utilizing both thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) technologies. These advanced panels are predom...
How the Company Makes Money
LG Display primarily makes money by manufacturing and selling display panels to OEMs and brand customers that integrate these panels into end products such as TVs, smartphones, tablets, laptops/monitors, and in-vehicle infotainment and instrument ...
LG Display Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: operational fundamentals show meaningful improvement — notably higher OLED mix (60%), a 55% YoY increase in ASP per sqm, positive operating profit and a strong EBITDA margin — indicating progress on structural transformation and premium positioning. However, material near-term weaknesses remain: revenue fell 9% YoY and 23% QoQ, area shipments declined 21% QoQ, and the company reported a large net loss of KRW 575.7 billion driven by FX translation losses. High leverage metrics, ongoing macro uncertainties (memory and energy price pressure, geopolitical risk), expected price declines in Q2 and planned workforce cuts create notable downside risks. Overall the positives around OLED-driven margin and mix improvement are balanced by significant financial and macro headwinds.Positive Updates
Operating Profitability and Strong EBITDA
Operating profit of KRW 146.7 billion in Q1 with an operating margin of 3% and an EBITDA margin of 21%. Management noted the company remained profitable for three months in a row and cited YoY profitability improvement driven by cost innovation and mix improvements.
Negative Updates
Revenue Decline QoQ and YoY
Q1 revenue was KRW 5.534 trillion, down 9% YoY and down 23% QoQ. Management attributed the QoQ weakness to seasonality and the streamlining of low-margin midsized models.
Read all updates
Q1-2026 Updates
Positive
Negative
Operating Profitability and Strong EBITDA
Operating profit of KRW 146.7 billion in Q1 with an operating margin of 3% and an EBITDA margin of 21%. Management noted the company remained profitable for three months in a row and cited YoY profitability improvement driven by cost innovation and mix improvements.
Read all positive updates
Company Guidance
LG Display guided Q2 total area to grow by a low‑10% quarter‑on‑quarter while ASP per square meter is expected to fall by a low‑to‑mid‑10% Q‑o‑Q (driven by mobile seasonality); for 2026 CapEx is forecast at about KRW 2 trillion and the company disclosed a roughly KRW 1.1 trillion OLED facility investment. In Q1 the company reported revenue of KRW 5.534 trillion (‑9% Y/Y, ‑23% Q/Q), operating profit KRW 146.7 billion (3% operating margin; 21% EBITDA margin), a net loss of KRW 575.7 billion, area shipment of 3.2 million sqm (‑21% Q/Q), ASP of $1,244 (+55% Y/Y, ‑4% Q/Q), cash of KRW 1.525 trillion, current ratio 74%, debt‑to‑equity 251% and net debt‑to‑equity 157%; OLED made up 60% of revenue (+5pp Y/Y) and OLED monitor share is expected to rise to ~20% of shipments this year.LG Display Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
38
Negative
Cash Flow
35
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.28T | 25.81T | 26.62T | 21.33T | 26.15T | 29.88T |
| Gross Profit | 3.40T | 3.38T | 2.58T | 345.18B | 1.12T | 5.31T |
| EBITDA | 4.93T | 5.69T | 3.84T | 1.60T | 1.54T | 6.65T |
| Net Income | -86.68B | 226.31B | -2.56T | -2.73T | -3.07T | 1.19T |
Balance Sheet | ||||||
| Total Assets | 26.90T | 26.92T | 32.86T | 35.76T | 35.69T | 38.15T |
| Cash, Cash Equivalents and Short-Term Investments | 1.50T | 1.66T | 2.03T | 3.16T | 2.10T | 3.57T |
| Total Debt | 13.80T | 12.73T | 14.61T | 16.60T | 15.06T | 12.75T |
| Total Liabilities | 19.52T | 19.08T | 24.79T | 26.99T | 24.37T | 23.39T |
| Stockholders Equity | 6.46T | 6.60T | 6.54T | 7.23T | 9.88T | 13.12T |
Cash Flow | ||||||
| Free Cash Flow | -1.09T | 652.42M | 308.13B | -1.75T | -1.95T | 2.71T |
| Operating Cash Flow | 191.23B | 1.60B | 2.61T | 1.67T | 2.93T | 5.97T |
| Investing Cash Flow | -751.82B | -689.93M | -1.74T | -2.57T | -6.51T | -4.43T |
| Financing Cash Flow | -269.92B | -1.38B | -1.18T | 1.33T | 1.89T | -2.56T |
LG Display Technical Analysis
Neutral
4.36
Price Trends
4.68
Negative
4.45
Positive
4.53
Positive
Market Momentum
0.01
Positive
46.97
Neutral
14.47
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LPL, the sentiment is Neutral. The current price of 4.36 is below the 20-day moving average (MA) of 4.96, below the 50-day MA of 4.68, and below the 200-day MA of 4.53, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 46.97 is Neutral, neither overbought nor oversold. The STOCH value of 14.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LPL.
LG Display Risk Analysis
LG Display disclosed 43 risk factors in its most recent earnings report. LG Display reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LG Display Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $4.28T | 34.94 | 146.69% | 0.41% | 12.76% | 28.91% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $121.76B | -60.81 | -4.05% | 0.41% | -2.74% | -126.37% | |
45 Neutral | $4.59B | -80.18 | -1.32% | ― | -9.90% | 97.79% |
* Technology Sector Average
LPL
LG Display
4.65
1.30
38.81%
AAPL
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291.13
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47.31%
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20.53
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-19.30%
LG Display Corporate Events
LG Display Posts Q1 2026 Loss and Maintains Dividend Freeze
May 15, 2026
Between January 1 and March 31, 2026, LG Display reported a consolidated net loss of W570.7 billion, equivalent to a loss of W1,141 per share, highlighting ongoing earnings volatility after a profit in 2025 and a steep loss in 2024. The company ha...
LG Display to Present Q1 2026 Results at Samsung Global Investors Conference
May 12, 2026
LG Display Co., Ltd., the South Korean display panel maker known for supplying OLED and LCD screens to global electronics and automotive manufacturers, continues to court institutional investors as part of its broader capital markets engagement. O...
LG Display Plans Seoul Non-Deal Roadshow to Discuss Q1 2026 Results
Apr 28, 2026
LG Display Co., Ltd. has scheduled a domestic non-deal roadshow in Seoul from April 28 to April 30, 2026, targeting domestic institutional investors and similar stakeholders. Sponsored by IBK Securities, the event is structured as one-on-one meeti...
LG Display Posts Q1 2026 Profit for Third Straight Quarter but Net Loss Deepens
Apr 23, 2026
LG Display, a leading producer of TFT-LCD and OLED panels for TVs, IT devices, mobile products and automotive displays, reported its unaudited consolidated results for the quarter ended March 31, 2026. The Seoul-based company, which employs nearly...
LG Display Commits KRW 1.1 Trillion to OLED Infrastructure Upgrade
Apr 22, 2026
On April 22, 2026, LG Display’s board approved a KRW 1.106 trillion investment in new OLED technology infrastructure, with the project scheduled to run from April 22, 2026 to June 30, 2028. The capital outlay is aimed at enhancing the compan...
LG Display Schedules First-Quarter 2026 Earnings Call for April 23
Apr 1, 2026
LG Display Co., Ltd. said in an April 1, 2026 filing that it will hold a conference call on April 23, 2026 at 14:00 KST to present its first-quarter 2026 earnings. The call, accessible in Korean and English, targets domestic and international inst...
LG Display Sets April 23 Date for First-Quarter 2026 Earnings Release
Apr 1, 2026
LG Display Co., Ltd., a leading South Korean producer of LCD and OLED panels for TVs, IT devices, mobile and automotive applications, plays a key role in the global display supply chain and serves major consumer electronics and technology manufact...
LG Display Sharpenes Governance With Shareholder-Backed Charter Revisions at 41st AGM
Mar 19, 2026
On March 19, 2026, LG Display held its 41st Annual General Meeting of Shareholders for the 2025 fiscal year, presenting audit, business and related-party transaction reports alongside an overview of its internal accounting management system. Share...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.