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LG Display Co., Ltd
(034220)
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Rating:46Neutral
Price Target:
$7,272.00
Action:N/A
Date:10/28/26
The score is held down primarily by weak financial quality (TTM losses and high leverage) and bearish technical trend (below all major moving averages with negative MACD). These are partly offset by improved cash generation and a cautiously constructive outlook from the latest earnings call (shipment growth and OLED mix expansion), though management emphasized limited profitability upside and ongoing end-market uncertainty.
Positive Factors
OLED Mix Expansion
A rising OLED revenue mix shifts LG Display toward higher-value technology and reduces reliance on more commoditized LCD products. Continued large-OLED shipment growth and premium product expansion could improve product differentiation, capacity utilization, and long-term earnings quality.
Negative Factors
Unprofitable Recovery
The return to TTM losses shows that recent operational improvement has not yet translated into sustainable profitability. Low margins leave earnings exposed to panel pricing and product-mix pressure, limiting the company’s ability to consistently reinvest, reduce debt, or generate shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
OLED Mix Expansion
A rising OLED revenue mix shifts LG Display toward higher-value technology and reduces reliance on more commoditized LCD products. Continued large-OLED shipment growth and premium product expansion could improve product differentiation, capacity utilization, and long-term earnings quality.
Read all positive factors
LG Display Co., Ltd (034220) vs. SPDR S&P 500 ETF (SPY)
Market Cap
₩3.81T
Dividend Yield2.46%
Average Volume (3M)2.49M
Price to Earnings (P/E)―
Beta (1Y)0.70
Revenue Growth-6.88%
EPS Growth-74.36%
CountryKR
Employees24,430
SectorGeneral
Sector StrengthN/A
IndustryConsumer Electronics
Share Statistics
EPS (TTM)-2704.21
Shares Outstanding500,000,000
10 Day Avg. Volume2,798,476
30 Day Avg. Volume2,486,362
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)0.89
Price to Sales (P/S)0.23
P/FCF Ratio6.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₩7,750.00Price Target Upside― Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)-536.8
Revenue Forecast (FY)₩24.19T
LG Display Co., Ltd Business Overview & Revenue Model
Company Description
Established in 1985 and headquartered in Seoul, South Korea, LG Display Co., Ltd. is a global leader specializing in the research, manufacturing, and distribution of advanced display panels. The company primarily focuses on thin-film transistor li...
How the Company Makes Money
LG Display makes money primarily by manufacturing and selling display panels and related modules to electronics and automotive customers. Its core revenue stream is the sale of large-area display panels (notably for TVs) and small-to-medium displa...
LG Display Co., Ltd Earnings Call Summary
Earnings Call Date:Oct 22, 2026
(Q3-2026)
| Next Earnings Date:Jan 27, 2027
Earnings Call Sentiment Positive
The call was cautiously positive. Sequential revenue, operating profit, shipments, ASP, OLED mix, cash position and debt ratios improved, while large OLED and foldable demand outlooks were constructive and the company continued investing in OLED technology and efficiency. These positives were partly offset by year-over-year declines in revenue and operating profit, chipflation, weaker IT and high-end demand, limited profitability improvement, and challenging auto-market conditions.Positive Updates
Quarterly Revenue Improved Sequentially
Q3 revenue was KRW 6.277 trillion, up 12% Q-o-Q, as shipments grew with the start of seasonality for major OLED products, including large-size and mobile OLED.
Negative Updates
Year-over-Year Revenue Decline
Q3 revenue fell 10% Y-o-Y, mainly because shipments of midsized LCD products decreased as the company realigned its portfolio around profitability.
Read all updates
Q3-2026 Updates
Positive
Negative
Quarterly Revenue Improved Sequentially
Q3 revenue was KRW 6.277 trillion, up 12% Q-o-Q, as shipments grew with the start of seasonality for major OLED products, including large-size and mobile OLED.
Read all positive updates
Company Guidance
For Q4, area shipment is expected to grow around 10%, while price per square meter is expected to rise by low single percentage compared to the previous quarter, as any increment is not likely to be significant. CapEx spend this year is expected at around low KRW 2 trIllion. Large OLED panel shipment this year is projected at the high [ 7 million ] range, higher by around 20% Y-o-Y, with OLED monitor about 20%; the company plans to maintain meaningful growth into next year. FLiPP investment and production size and timing have not been finalized yet. Mobile volume is expected to increase over the medium to longer term, but profitability improvement is likely to be limited compared to the increase in volume, while auto sales growth is expected to be negative this year and real recovery in the auto market is likely to be postponed until next year.LG Display Co., Ltd Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
38
Negative
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.30T | 25.81T | 26.62T | 21.33T | 26.15T | 29.88T |
| Gross Profit | 3.38T | 3.15T | 2.31T | 345.18B | 1.12T | 5.31T |
| EBITDA | 3.84T | 4.87T | 3.84T | 1.60T | 1.54T | 6.73T |
| Net Income | -1.35T | 226.31B | -2.56T | -2.73T | -3.07T | 1.19T |
Balance Sheet | ||||||
| Total Assets | 27.50T | 26.92T | 32.86T | 35.76T | 35.69T | 38.15T |
| Cash, Cash Equivalents and Short-Term Investments | 1.45T | 1.57T | 2.03T | 3.16T | 2.10T | 3.57T |
| Total Debt | 13.45T | 12.72T | 14.61T | 16.60T | 15.06T | 12.75T |
| Total Liabilities | 19.85T | 19.08T | 24.79T | 26.99T | 24.37T | 23.39T |
| Stockholders Equity | 6.30T | 6.60T | 6.54T | 7.23T | 9.88T | 13.12T |
Cash Flow | ||||||
| Free Cash Flow | 1.29T | 927.24B | 284.53B | -1.80T | -2.90T | 1.98T |
| Operating Cash Flow | 3.03T | 2.27T | 2.41T | 1.68T | 3.01T | 5.75T |
| Investing Cash Flow | -2.05T | -980.55B | -1.61T | -2.59T | -6.70T | -4.26T |
| Financing Cash Flow | -1.48T | -1.96T | -1.33T | 1.35T | 1.95T | -2.47T |
LG Display Co., Ltd Technical Analysis
Negative
―
Price Trends
8588.00
Negative
9945.60
Negative
11287.20
Negative
Market Momentum
-371.54
Negative
41.62
Neutral
66.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:034220, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 7768.00, equal to the 50-day MA of 8588.00, and equal to the 200-day MA of 11287.20, indicating a bearish trend. The MACD of -371.54 indicates Negative momentum. The RSI at 41.62 is Neutral, neither overbought nor oversold. The STOCH value of 66.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:034220.
LG Display Co., Ltd Risk Analysis
LG Display Co., Ltd disclosed 43 risk factors in its most recent earnings report. LG Display Co., Ltd 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 Co., Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₩10.00T> | 10.71 | 32.20% | 0.69% | 57.25% | 405.21% | |
67 Neutral | ₩6.87T | 46.74 | ― | 0.36% | 50.09% | 1739.11% | |
64 Neutral | ₩2.00T | 25.48 | ― | 0.12% | 21.16% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₩3.81T | -6.45 | ― | 2.46% | -6.88% | -74.36% | |
43 Neutral | ₩3.80T | -3.65 | ― | 1.23% | 23.89% | -71.79% |
* General Sector Average
KR:034220
LG Display Co., Ltd
7,620.00
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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.