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LG Display Co., Ltd. (LPL)

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  • M
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  • S
    I'm having trouble figuring out the dividend yield on this. Can anybody confirm that they received 850 Korean Wan per common share in 2021? That would equate to $0.67 USD per share if I did my math right. These figures don't jive with Yahoo's financials.
  • S
    LG Display to expand its OLED assembly plant in Vietnam in a $1.4 billion investment

    LG Display says it will expand the capacity of its OLED assembly plant in Vietnam in a $1.4 billion investment.

    The OLED plant, located in Hai Phong City, is used to assemble OLED panels - for mobile devices, TVs and automotive displays. The plant's capacity will grow from around 10 million monthly units to 13-14 million.

    Only a few months ago LG Display announced a $750 million investment in the Hai Phong plant, and now it is expanding it again, as demand for LG's OLED display is on the rise. Total investment in LG's plant in Vietnam, including the latest plan, total $4.65 billion.

    Source: JoongAng Daily
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    LG to start OLED microdisplay production, to order deposition equipment from Sunic System

    LG Display has been developing OLED microdisplay technologies for several years, and according to a new report from Korea the company is now aiming to build its first production line, as it has hopes to supply OLED Microdisplay to Apple in the future. LG is reportedly ordering deposition equipment from Korea-based OLED equipment maker Sunic System.

    According to reports, Apple is using 4K OLED microdisplay produced by Sony for its first-gen AR device. But Apple could aim to replace Sony (which is a direct competitor) in its later-generation devices.

    The Apple device will reportedly use a foveated display design which means that the display will also inclue a larger AMOLED display (reportedly produced by LG Display).

    In 2020 Sunic System announced it has received a $22.6 million order for OLED deposition equipment from BOE. The tools are used by BOE for OLED microdisplay production.

    In 2020 LG Display unveiled its OLEDoS brand of OLED microdisplays. LGD's display was a 0.42" 1280x720 (3,500 PPI) panel that uses a color-filter based design. The display offers a brightness of 5,000 nits. In 2021 LGD revealed that it is developing a 1.16" 3K OLED microdisplay, and also a 4K one. It is likely that this 4K display is targeting Apple's future device.

    The microdisplay market is heating up, in both the established defense, medical and industrial sectors and in the consumer markets (AR and VR) which are only now emerging. To learn more about the OLED microdisplay market (including our views on the potentially disruptive microLED technology), check out our OLED and MicroLED Microdisplay Market Report.

    Source: The Elec
  • J
    Had not even thought of this since I cashed out, noticed it on Market Beat. Bought
    originally because of how much I loved my new LG OLED TV’S but I gave up all my miscellaneous
    holdings to retreat to Stagflation safe places like EPD. Saved myself lots of loss. Still love my 81”.
    Sorry for holders, unfortunately Stagflation is not ending soon.
    Best Luck
  • S
    Samsung expected to launch OLED TV with panel from LG Display

    Gijong Lee 2022.04.11 09:33

    According to UBI Research
    Image: TheElec
    Samsung is expected to begin selling OLED TVs with panels provided by LG Display in September, analyst UBI Research said in its forecast on Thursday.

    UBI Research CEO Choong Hoon Yi said during a conference hosted by the analyst firm in Busan, South Korea that LG Display is expected to manufacture up to 11.2 million units of white-OLED (W-OLED) panels this year.

    Around a million to 1.5 million of that total will be supplied to Samsung, Yi said. At the same time, LG Electronics and Sony are expected to procure 7 million units and 1.7 million units of the panels from LG Display, the UBI Research CEO said.

    The analyst firm had predicted late last year that Samsung will be procuring 2 million units of W-OLED panels in 2022 but lowered its forecast following reports that Samsung and LG Display’s negotiations over unit prices was causing delays.

    Meanwhile, Yi also noted that Samsung will need to procure at least 6.75 million units of TV OLED panels per year to be competitive in the OLED TV market.

    The figure will be equivalent to 15% of Samsung’s total annual TV shipment of 45 million units.

    Yi provided his reasoning that OLED TVs were also accounting for 15% of the total annual TV shipment of Samsung’s rivals LG Electronics and Sony.

    The UBI Research CEO also noted that LG Display will need to secure a long-term contract to supply OLED panels with Samsung.

    This will allow it to increase spending in OLED production facilities so that it can increase its OLED panel supply to Samsung while continuing to do so for its existing customers LG Electronics and Sony so as not to lose their trust.

    Meanwhile, Samsung has also unveiled its first OLED TV in nine years. It procured the quantum dot-OLED (QD-OLED) panels for the TV from Samsung Display.
  • c
    EBITDA 5.75T?
  • Y
    Yahoo Finance Insights
    LG Display is down 5.33% to 6.39
  • Y
    Yahoo Finance Insights
    LG Display reached a 52 Week low at 6.81
  • Y
    Yahoo Finance Insights
    LG Display reached a 52 Week low at 7.01
  • E
    "LG Display expects 4Q earnings improvement"
    Asian Economy 2021.11.09 07:52

    On the 9th, DB Financial Investment maintained a 'buy' rating and a target price of 30,000 won for LG Display, predicting that the third quarter of this year's earnings fell short of expectations, but expected to improve in the fourth quarter.

    Kwon Seong-ryul, a researcher at DB Financial Investment, said, "LG Display's operating profit in the third quarter was 529 billion won, which fell short of expectations, but considering that the main reason was delayed sales due to a shortage of parts, the 4th quarter's operating profit is expected to improve to 668.7 billion won. "He said. Despite the continued decline in LCD panel prices for TVs, operating profit is expected to increase by more than 20% QoQ in the fourth quarter due to large OLED shipments and profitability improvement, the conversion of plastic OLED (POLED) to the black, and the realization of deferred IT product sales. analysis is.

    OLED's contribution to earnings is expected to increase. For the past three years, LG Display has made a lot of effort to reduce the fluctuations in earnings due to LCD for TV, to increase added value of LCD for IT, and to contribute to the performance of large and small-sized OLEDs. Researcher Kwon said, "The structure of sales, which was 25% of LCD for TV and 17% of OLED in 2019, will decrease to 14% for TV LCD and increase to 40% next year, changing the frame. If profits were cut by recording large losses, the company will enter a surplus from the second half of this year, and its contribution to operating profit will increase as the profit margin improves next year,” he predicted. LCD for TV is expected to minimize volatility by focusing on the Guangzhou plant and focusing on ultra-large TVs that are less affected by market conditions in Korea.

    LG Display's share price rose 12% for one month on the back of recent institutional buying. Researcher Kwon said, "It seems to give a high score to the structural change that can produce stable performance mainly for OLED and IT LCD, away from the pattern of looking only at the price of LCD for TV. Under this situation, the price-earnings ratio (PER) of 7.6x and the price-to-earnings ratio (PBR) of 0.5x in 2022 are valuation indicators that open your eyes." he said.

    Source :
  • Y
    Yahoo Finance Insights
    LG Display reached a 52 Week low at 6.52
  • S
    LG launches its 2022 OLED TV range, with sizes ranging from 42-inch to 97-inch

    LG Electronics officially launched its 2022 OLED TV range. The company will offer OLED TVs from 42-inch (which can also be used as high-end gaming monitors) to 97-inch ones.

    LG's entry-level 2022 OLED TVs include the 60Hz OLED A2 and the 120Hz OLED B2. These TVs use LG's older-generation video processor and will range in size from 48-inch to 77-inch.

    Next up is the 'main' OLED TV series, LG's OLED C2. LG will offer the C2 in a wide range of sizes: 42-, 48-, 55-, 65-, 77- and 83-inch sizes. The C2 uses LG's 4K 120Hz evo OLED panels, this should be a major boost compared to the 2021 OLED C1. The 42-inch option will probably be good news for gamers as this could be used as high-end gaming monitor.

    LG's Gallery TV for 2022 is the OLED G2, which will this year include a 97-inch option. The panels are 4K 120Hz evo G panels, and the TV can be mounted on the wall in a 'gallery' wallpaper fashion.

    Finally the top of the line OLED Z2 will offer 8K panels, in either 77-inch or 88-inch.

    All of LG's 2022 OLED TVs offer 4 HDMI 2.1 inputs (apart for the A2 which has 3), HDR10, HLG, Dolby Vision and WebOS 22. The C2, G2 and Z2 TVs offer LG's latest generation Alpha 9-5 video processor.

    It is interesting that some of these TVs (the G2 and C2) will feature LG's evo OLED stack, and according to LGD, all panels produced in the second half of 2022 will include the new OLED EX design which should decreases bezel sizes and thickness and increase brightness. It will be interesting to note how this will play out.

    LG's 2022 will also include the rollable 65" 65R1, which is the same TV offered in 2021.

    Source: OLED-info
  • S
    By: Kim Hyun-bin

    LG Display expects to see OLED TV sales increase further despite a contraction in the mainstream TV market.

    "Demand for OLED panels showed 90 percent growth year-on-year despite lower demand in the TV sector," an LG Display official said during the company's conference after the release of third quarter earnings, Wednesday.

    The recent production capacity increase at LG Display's Guangzhou OLED plant helped sales increase.

    "With the a capacity addition of 30 thousand panels at the Gangzhou plant that started operation in Q3, we will increase OLED production to 10 million a year and further drive growth in the OLED business," the LG Display official said,

    LG Display saw third-quarter sales increase 7 percent year-on-year to 7.22 trillion won, while operating profit surged 222 percent to 528.9 billion won.

    The huge increase in operating profit was lower than expected. Analysts initially predicted an 800 billion won operating profit for the third quarter, but slashed the estimate to around 600 billion won after LCD TV panel prices continued to drop starting in July. Since last year, the COVID-19 pandemic has caused LCD panel prices to double.

    "Operating profit was hit by LCD TV panel price declines and other component supply issues," LG Display said.

    According to market research firm Witsview, the average price of 32-inch LCD panels in the second half of September dropped 18.8 percent to $56 compared to the first half of September and fell 9.7 percent compared to the second quarter.

    Screens of other sizes also saw a drop in prices with 43-inch LCD panels dropping 10.5 percent to $111, while 55-inch, 65-inch and 75-inch panel prices fell 8 percent, 6.8 percent and 5.1 percent to $195, $260 and $373, respectively.

    The company expects LCD panel prices to continue to drop in the fourth quarter. But the decline will be offset by an increase in OLED sales that quarter.
  • S
    LG Display Co. is struggling to make profits this year with its focus on expanding its OLED business, its chief said Tuesday.

    The panel maker posted an operating loss of 29.1 billion won ($25 million) in 2020, sharply narrowing from a loss of 714.5 billion won a year earlier, while sales increased 3.2 percent on-year to 24.23 trillion won, apparently benefiting from increased demand for displays amid the pandemic-induced trends of remote working and distance learning.

    "This year, we will achieve complete normalization of our business and make a great leap forward," Jeong Ho-young said in a shareholders meeting.

    To achieve its goal, Jeong said the company will bolster its OLED business. LG Display is the world's largest supplier of large-size OLED panels.

    "With expanded OLED product lineup and customer base, we will concentrate to expand our market share and enhance profitability," he said. "In addition to TVs, we will actively explore areas that need our products."

    Jeong said LG Display will also seek strategic partnerships with others, adding that the company is looking for a "radical change" for sustainable growth.

    "We will reinforce our partnerships with our existing partners and cooperate with those in other industry sectors to better develop our business and system," he said. (Yonhap)
  • S
    LG Display reports stronger profit on iPhone demand, rising panel prices
    4:37am ET, 01/27/2021 - Reuters
    * LG Display reports highest quarterly profit since 2017
    * Panel shipments for Apple's iPhone rise in Q4
    * LCD panel prices increase on stay-at-home TV demand (Adds earnings call comment on domestic LCD business)
    By Joyce Lee and Heekyong Yang
    SEOUL, Jan 27 (Reuters) - South Korea's LG Display Co Ltd reported its highest quarterly profit in over three years on Wednesday, with help from increased shipments of Apple Inc's new iPhones.
    The Apple supplier posted an operating profit of 685 billion won ($622 million) in the fourth quarter of 2020, compared with a loss of 422 billion won in the same period a year earlier.
    It was the display panel firm's highest quarterly profit since the second quarter of 2017, and soundly ahead of market expectations for a 286 billion won profit, according to a Refinitiv SmartEstimate derived from 12 analyst estimates.
    "As the global work-from-home situation continued in the fourth quarter, demand for TV and IT products remained strong," LG Display said in a statement.
    Shipments and prices of organic light-emitting diode (OLED) panels rose for both TVs and smartphones, while the strong earnings were helped by full-scale production at its Guangzhou OLED plant, the company said.
    Analysts highlighted increased shipments of OLED panels for Apple Inc's new iPhone 12 and higher prices for liquid-crystal display (LCD) panels. LCD prices rose on the back of growing demand for TVs from global consumers stuck at home due to the COVID-19 pandemic.
    Apple's iPhone shipments in the fourth quarter were likely up 21% on-year due to the strong performance of the iPhone 12, according to Counterpoint data.
    Stronger iPhone sales should spill over into LG Display's first quarter result, analysts said.
    "The first half of the year is usually a seasonal down-cycle, but this year is different. It will continue to swing to profit, as iPhone 12 sales are expected to increase panel shipments by 1.5 to two times the amount a year earlier," said Kim Kwang-jin, an analyst at Yuanta Securities Korea.
    LCD panel prices should also remain high in the first quarter, he said.
    LG Display, which had previously said it planed to halt domestic production of LCD TV panels by 2020, said in an earnings call on Wednesday that it will be flexible on domestic production based on market conditions this year.
    A power outage in Nippon Electric Glass' (NEG) Japan-based glass manufacturing facility in December may affect LG Display's first-quarter shipments, as about 80% of its glass came from NEG in the first half of 2020, analysts said.
    But the lower supply of large-sized glass could further lift panel prices in the first quarter, offsetting the impact of any fall in shipments, they added.
    Revenue rose 16% to 7.5 trillion won, LG Display said in a regulatory filing.
    Its shares fell 5% on Wednesday compared with a 0.6% drop in the wider market, which analysts put down to profit-taking. The stock has still gained some 63% since the start of November.
    ($1 = 1,101.0000 won) (Reporting by Joyce Lee and Heekyong Yang; Editing by Chris Reese, Richard Pullin and Kim Coghill)
  • S
    Highlights from Q4'21 earnings (for the entire transcript, see Seekingalpha report)-
    A solid quarter, a few things that stood out to me. 1) Displays will be 30% brighter 2) They reached breakeven 3) Dividend of approx 6% based on todays share price. 4) 2021 rev the highest ever.

    - These personalized algorithms combined with deuterium, which we just talked about, give our OLED panels their strength. With EX technology, our OLED has evolved to become stronger than ever with 30% increased brightness and natural colors, we produced with greater detail.

    - OLED EX panels with EX technology will be used in all of our OLED TV panels from the second quarter of 2022.

    - Revenue in Q4 was KRW 8.881 trillion. It was driven by the higher share of large and medium and small OLED an increase in IT panel shipment following the business structure upgrade. It was the highest ever for a quarter, up 22% Q-o-Q and up 18% Y-o-Y.

    - Operating profit was KRW 476 billion. It was down 10% Q-o-Q due to continued decline in LCD TV panel price and year-end one-off costs. In terms of actual performance, excluding the one-off factors, it was in line with market expectation.

    - Operating profit margin in Q4 was 5%, with EBITDA margin at 19%. Net profit was KRW 180 billion.

    - Revenue in 2021 was KRW 29.878 trillion and operating profit was KRW 2.231 trillion. Revenue was the highest ever, while profitability was also considerably improved, thanks to the turnaround in OLED and upgrade in our business structure. Revenue was up 23% Y-o-Y. We turned around to profit with operating profit margin of 7%.

    - Area shipment in Q4 was 9.36 million square meters, increasing 12% from the previous quarter. IT panel shipment remained solid and large OLED panel shipments grew on the back of strong demand for high-end TV. Area panel price was $806, up 8% Q-o-Q, thanks to shipment growth in large and medium small OLED. The company's production capacity in Q4 decreased 3% Q-o-Q, owing to line adjustment to prepare for new models and additional allocation to R&D.

    - Area shipment in Q4 was 9.36 million square meters, increasing 12% from the previous quarter. IT panel shipment remained solid and large OLED panel shipments grew on the back of strong demand for high-end TV. Area panel price was $806, up 8% Q-o-Q, thanks to shipment growth in large and medium small OLED. The company's production capacity in Q4 decreased 3% Q-o-Q, owing to line adjustment to prepare for new models and additional allocation to R&D.

    - The company's cash and cash equivalents at the end of Q4 was KRW 4.3 trillion. Inventory was KRW 3.35 trillion decreasing by KRW 230 billion Q-o-Q. The inventory is kept at a higher level than usual as a safety stock to prepare against supply chain uncertainties such as commodities and logistics issues. Liabilities to equity ratio was 158%, and current ratio was 94%, both almost flat Q-o-Q. Net debt-to-equity ratio came in at 57%, improved by 6 percentage points Q-o-Q. It was down 20 percentage points Y-o-Y, showing meaningful improvement in financial soundness.

    - The company's cash and cash equivalents at the start of Q4 was KRW 4.209 trillion. It increased by KRW 75 billion and stood at KRW 4.285 trillion at the end of Q4.

    - First is Q1 guidance. In Q1, Area shipment will decline by mid-to high single-digit Q-o-Q. But the pace of seasonal decline will not be as much as in other years.

    - OLED is now at a stage where it can produce substantive results. Although the TV set market saw negative growth of over 10% last year, sales of OLED TV sets grew over 60%, driving the expansion in the overall high-end TV market. The high-end TV market grew at a 30% level Y-o-Y with OLED TV's share in this market, surpassing 30% as of Q4 last year.

    - Panel shipment recorded a remarkable growth of more than 70% Y-o-Y. And the business turned around to profit in the second half of last year reaching the BEP level for the year. Continuing from last year, shipment growth for this year is planned at 20% for the year.

    - The LCD sector also achieved outstanding results by proactively responding to market changes. In LCD, we are maintaining the select and focused approach centered on high-end IT, in line with our strategic positioning.
    - CapEx last year was KRW 3.2 trillion. It is expected to increase this year as we go ahead with the investment in small and medium OLED that was decided last year. The company will keep to the principle of keeping CapEx within EBITDA and while trying to improve our financial soundness.

    - The company announced today a predictable and sustainable mid-term dividend policy with a view to improve shareholder value. We will maintain a dividend payout ratio of 20% of the consolidated net profit from the business years of 2021 to 2023. Accordingly, the BOD today decided on KRW651 per share in cash dividend for the 2021 business year.

    - This year, as the CFO had reported earlier, we -- our guidance is over 20% of increase in panel shipment.
  • S
    LG Display dominance in auto display widens as mobility goes connectedSouth Korea?s LG Display Co. is cementing leadership in the fast growing automotive display market amid mobility shift into electric vehicles and autonomous cars.LG Display claimed a 25.9 percent share in the 10-inch or larger automotive display market by revenue in the first quarter, keeping to the top place for the 11th consecutive quarter, according to display market financial data tracker Omdia on Monday.In the automotive OLED display market, the company commanded the lion?s share of 91 percent.Global automotive OLED display shipments are estimated to balloon to $264 million in 2023 and $601 million in 2025 from $50 million last year, according to Omdia.LG Display chose the automotive display business as one of the future growth engines and focuses its investment and development. It produced plastic OLED (P-OLED) panels for vehicles for the first time in 2019 and unveiled an ultra-large display that combines four displays into one T-shape screen and a 12.8-inch rollable product at the Display Week 2021, the world?s largest display exhibition hosted by the Society for Information Display (SID).The Korean display maker has expanded its supplies to premium vehicle models of global brands like Mercedes-Benz and Genaral Motors.GM?s premium 2021 Cadillac Escalade is equipped with LG Display?s 38-inch P-OLED display, and Mercedes-Benz?s newest S-class model reportedly a 12.8-inch screen. The infotainment system MBUX for Mercedes-Benz? large-sized all-electric EQS lineup also is said to feature LG?s panel.LG Display?s order backlog is expected to reach around 10 trillion won ($8.95 billion), according to industry sources.?It generally takes more than three years to develop and manufacture an automotive OLED display, which prevents new competitors form easily entering the business sector. LG Display will be able to expand its supplies to carmakers in North America and Europe,? said Kim #$%$won, an analyst at KB Securities.By Pulse
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    LG Electronics Decides to Release LG Rollable, LG Rainbow, and LG Q83 in the First Half of 2021
    Dec 14, 2020
    LG Electronics has decided on LG Rollable (tentative name), Rainbow, and LG Q83 to be part of the smartphone lineup for the first half of 2021. Its strategy is to take the leadership in next-generation smartphone form factors by becoming the first smartphone manufacturer to apply rollable display and also secure practical interests through premium and budget smartphones.
    In March of 2021, the company plans to release its flagship smartphone “LG Rainbow” in South Korea. It will also introduce LG Rollable and LG Q83, which is a budget smartphone, in the first half as well.
    “LG Rollable”, which will be the second product of the company’s Explorer Project, can be stretched out to 7.4 inches from 6.8 inches. Field tests by South Korean telecommunications companies will take place at the end of this month or early next month. LG Electronics will decide on the release date of “LG Rainbow” depending on results from field tests.
    Thinness and light weight are the main advantages of LG Rollable over foldable smartphones. LG Rollable also does not leave any wrinkle on the screen that has negative effect on immersive experience. One high-ranking official from a telecommunications company said on December 13 that both the feeling of holding LG Rollable and the product’s usability when the screen is stretched out feel better than that of foldable smartphones and that it is a plus that the product does not cause any wrinkle or deformation on the display.
    LG Rollable is an important product that will determine LG Electronics’ smartphone business’s fate in the future. Although a Chinese brand introduced a prototype for rollable smartphone before LG Electronics, LG Electronics is seen to be at the top when it comes to knowhow in production process and level of completion as it has been working on the technology for a long time.
    "LG Rainbow”, which is the first flagship smartphone for the company’s Universal Line and is based on a bar-type smartphone design, is a model designated to help the company’s market share. It is the successor to LG Velvet and succeeds the V series such as LG V50 ThinQ and it will carry on the company’s lineage of premium smartphones. It is reported that LG Rainbow provides high-performance specifications due to Qualcomm’s Snapdragon 888 and is also based on LG Velvet’s design. It is also expected to create a new competition when it comes to the writing input field as it comes with Wacom’s AES (Active Electrostatic) stylus pen.
  • E
    LG Display is a supplier of all luxury car brands. The 2020 Q3, Q4 sales were increased. And I heard they signed up with many automotive companies to supply large-size display P-OLED. You can buy LG Display from the Korean market and Nasdaq.

    Who are the customers of LG Display? VW group(VW, Audi, Porsche etc.), Daimler Group(Mercedes Benz, Ferrari), Tesla, Honda, BMW ^^

    Today LG Display is the lowest price from today.

    Don't focus on TV, if you are a real investor. Automotive would be the main market from 2020.
    Just imagine how many cars are manufactured every year and how LED panel in the CAR (minimum 2 ~ luxury line car has 4~5 panel)

    This is my youtube channel, you can get some information. You didn't know.^^