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LG Display Co. (LPL)
NYSE:LPL

LG Display (LPL) AI Stock Analysis

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LPL

LG Display

(NYSE:LPL)

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Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
$4.00
▼(-8.26% Downside)
Overall score is held back primarily by weak profitability and high leverage in the financials, alongside bearish technicals with the stock trading below key moving averages. Offsetting factors include moderate valuation and an earnings call indicating improving operations (OLED mix, EBITDA strength, and debt reduction) despite near-term Q1 weakness guidance.
Positive Factors
OLED portfolio shift
A sustained shift to OLED (now ~60%+ of revenue) represents a structural upgrade toward higher-margin, premium panels across TV, mobile and automotive. This improves product differentiation, raises ASPs and supports durable revenue mix resilience even through cyclical display demand.
Improving cash generation
Strong TTM free cash flow growth signals improving underlying operating conversion and liquidity. Durable FCF expansion enhances the company's ability to self-fund OLED capex, pay down debt and invest in R&D, reducing reliance on external financing over the medium term.
Deleveraging progress
Material year-on-year debt and net-debt reductions indicate improved balance-sheet traction. Lower leverage reduces refinancing risk and interest burden, giving management more flexibility to pursue targeted OLED investments and operational repairs without immediate liquidity strain.
Negative Factors
High leverage
A debt-to-equity ratio near 2x is a persistent financial constraint that raises refinancing, interest expense and covenant risk. In a cyclical industry, elevated leverage limits strategic optionality, increases vulnerability to demand shocks and can crowd out growth investments.
Weak net profitability
Despite revenue recovery, negative net margins show profitability has not yet stabilized after one-offs and FX impacts. Continued structural margin weakness leaves earnings sensitive to ASP declines, component cost swings and volume cyclicality, challenging sustainable free cash generation.
Capacity investment constraints
Deferring 8.6G investment may preserve near-term capital but risks ceding larger-gen cost and scale advantages to competitors. Over the medium term, limited large-format capacity could constrain share in premium TV and monitor segments if demand shifts toward larger panels.

LG Display (LPL) vs. SPDR S&P 500 ETF (SPY)

LG Display Business Overview & Revenue Model

Company DescriptionLG Display Co., Ltd. engages in the design, manufacture, and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays. The company also provides display panels for industrial and other applications, including entertainment systems, portable navigation devices, and medical diagnostic equipment. It operates in South Korea, China, rest of Asia, the United States, Poland, and other European countries. The company was formerly known as LG.Philips LCD Co., Ltd. and changed its name to LG Display Co., Ltd. in March 2008. LG Display Co., Ltd. was incorporated in 1985 and is headquartered in Seoul, South Korea.
How the Company Makes MoneyLG Display generates revenue through the sale of display panels to original equipment manufacturers (OEMs) and brand companies in various industries. The company's primary revenue streams include the production and sale of LCD and OLED panels for televisions, smartphones, tablets, and other consumer electronics. Additionally, LG Display benefits from long-term supply agreements with major tech companies, which provide stable revenue flows. The company's partnerships with leading brands such as LG Electronics, Apple, and Samsung also play a significant role in its earnings, as these partnerships often involve large-volume orders and collaborative development of new display technologies. Furthermore, LG Display invests in research and development to create advanced display solutions, which helps the company maintain a competitive edge and drive future growth.

LG Display Earnings Call Summary

Earnings Call Date:Jan 28, 2026
(Q4-2025)
|
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Positive
The call emphasized meaningful structural progress: a clear shift to an OLED-centric portfolio, strong Y-o-Y ASP gains (+49% Y-o-Y), EBITDA strength (KRW 1.162 trillion, 16% margin), and notable debt and inventory reductions. Reported Q4 operating profit was depressed by high one-off costs (high KRW 300 billion range) and a Q4 net loss (KRW 351.2 billion) driven by FX translation. Management expects seasonal weakness in Q1 (shipments down ~low-20% Q-o-Q) and flagged ongoing external uncertainties and potential pricing pressure, but reiterated a disciplined, profitability-first strategy, continued OLED investments, and a guided plan for growth in large panels and mobile. On balance, operational fundamentals and financial improvements outweigh the near-term headwinds, with management framing one-offs as investments in future competitiveness.
Q4-2025 Updates
Positive Updates
Revenue and EBITDA Performance
Revenue rose slightly Q-o-Q to KRW 7.2008 trillion. EBITDA for Q4 was KRW 1.162 trillion with an EBITDA margin of 16%.
Operating Profit Excluding One-Offs
Reported operating profit declined Q-o-Q to KRW 168.5 billion due to one-off costs; excluding nonrecurring items, Q4 operating profit was roughly mid KRW 500 billion, exceeding market expectations and showing both Q-o-Q and Y-o-Y improvement.
OLED Share and Business Upgrade
OLED products accounted for 65% of total revenue in Q4 (unchanged Q-o-Q) and rose 5 percentage points Y-o-Y. Year-to-date OLED share reached 61% (up from 55% last year, +6 percentage points Y-o-Y), reflecting continued structural upgrade toward OLED-centric business.
ASP and Shipment Area Trends (Y-o-Y Strength)
ASP per square meter in Q4 was $1,297, down 5% Q-o-Q but up 49% Y-o-Y, indicating strong upgrade toward higher-value products. Total shipment area rose modestly Q-o-Q to 4.0 million square meters.
Debt Reduction and Improved Financial Ratios
Total debt decreased by KRW 1.886 trillion from end-2024 to KRW 12.664 trillion. Net debt fell by KRW 1.437 trillion Y-o-Y to KRW 11.0910 trillion. Debt-to-equity improved, and net debt-to-equity fell to 141% (decreases of 20 percentage points and 10 percentage points Q-o-Q, respectively; 64 pp and 14 pp Y-o-Y improvements).
Cash, Inventory and CapEx Discipline
Cash and cash equivalents were KRW 1.573 trillion at quarter end (largely unchanged Q-o-Q). Inventory declined Y-o-Y to KRW 2.546 trillion. CapEx was mid KRW 1 trillion in 2025 with planned 2026 CapEx around KRW 2 trillion focused on OLED competitiveness.
Segment Wins and Shipment Targets
Large panel shipments reached mid-6 million in 2025 (+~8% Y-o-Y) and the company targets just over 7 million in 2026 (~+10% Y-o-Y). Smartphone panel shipments were around mid-70 million units in 2025 with plans to outpace that growth in 2026.
Negative Updates
Q4 Net Loss and Currency Impact
Net loss of KRW 351.2 billion in Q4, primarily due to foreign currency translation loss from higher year-end exchange rates.
One-Off Costs Depressed Reported Operating Profit
Total nonrecurring cost impact in Q4 was in the high KRW 300 billion range, including ~KRW 90 billion for voluntary retirement and additional incentive payments and restructuring/inventory rationalization costs, which reduced reported operating profit to KRW 168.5 billion.
Quarterly ASP and Segment Shipment Weakness
ASP per square meter declined 5% Q-o-Q (to $1,297) due to concentration of small/midsized OLED shipments in Q3. Shipment declines noted in monitor and tablet panels Q-o-Q, and certain small/medium OLED shipments were lower Q-o-Q.
Near-Term Guidance: Q1 Seasonal Weakness
Guidance for Q1 projects total shipment area to decrease by a low-20% level Q-o-Q and ASP to decline by mid-single-digit percent Q-o-Q (though ASP expected to remain above $1,200 and >50% Y-o-Y).
External Market Uncertainty and Pricing Pressure
Management flagged persistent external uncertainty (macroeconomic volatility, trade environment, component supply issues). Rising memory/semiconductor prices could put upward pressure on component/set prices, potentially dampening demand and pressuring panel pricing.
No Immediate 8.6 Gen Investment
Company said there is insufficient visibility to justify investment in 8.6 generation lines now, which could constrain allocation versus competitors if market shifts to larger-gen capacity.
Company Guidance
LG Display guided that Q1 total shipment area will decline by the low‑20% range Q‑o‑Q and ASP per square meter is expected to fall by mid‑single‑digit percent Q‑o‑Q but remain above the $1,200/sqm level (still >50% Y‑o‑Y), following Q4 figures of 4.0 million sqm shipment area and ASP $1,297/sqm (‑5% Q‑o‑Q, +49% Y‑o‑Y); management reiterated Q4 results of KRW 7.2008 trillion revenue, EBITDA KRW 1.162 trillion (16% margin), operating profit KRW 168.5 billion (net loss KRW 351.2 billion) and Q4 nonrecurring costs in the high KRW 300 billion range (including ~KRW 90 billion voluntary retirement), noted cash KRW 1.573 trillion, inventory KRW 2.546 trillion, total debt KRW 12.664 trillion and net debt ~KRW 11.091 trillion (debt‑to‑equity 243%, net‑debt‑to‑equity 141%), and signaled 2026 CapEx of about KRW 2 trillion (vs mid‑KRW 1 trillion in 2025) while targeting smartphone panels (mid‑70M units in 2025) to grow in 2026 and large‑panel shipments just over 7 million (~+10% Y‑o‑Y).

LG Display Financial Statement Overview

Summary
Mixed fundamentals: strong TTM revenue growth (51.6%) and improving free cash flow growth (102.67%), but profitability remains weak with a negative net margin (-2.45%). Balance sheet leverage is high (debt-to-equity 2.08) and ROE is negative, limiting financial flexibility despite stable equity ratio.
Income Statement
45
Neutral
LG Display's income statement shows a mixed performance. The TTM data indicates a slight improvement in gross profit margin to 11.15% from previous years, but the net profit margin remains negative at -2.45%, reflecting ongoing profitability challenges. Revenue growth is positive at 51.6% TTM, suggesting a recovery in sales, yet EBIT and EBITDA margins are relatively low, indicating pressure on operating efficiency.
Balance Sheet
40
Negative
The balance sheet reveals a high debt-to-equity ratio of 2.08 TTM, indicating significant leverage, which could pose financial risks. The return on equity is negative, reflecting losses and poor returns for shareholders. However, the equity ratio is stable, suggesting a reasonable proportion of equity financing relative to total assets.
Cash Flow
50
Neutral
Cash flow analysis shows a strong free cash flow growth rate of 102.67% TTM, indicating improved cash generation. However, the operating cash flow to net income ratio is low at 0.20, suggesting limited cash flow relative to earnings. The free cash flow to net income ratio is positive but modest, highlighting ongoing challenges in translating earnings into cash.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue26.44T26.62T21.33T26.15T29.88T24.26T
Gross Profit3.29T2.58T345.18B1.12T5.31T2.64T
EBITDA5.66T3.84T1.60T1.54T6.65T3.90T
Net Income-335.33B-2.56T-2.73T-3.07T1.19T-94.85B
Balance Sheet
Total Assets28.71T32.86T35.76T28.22B32.10B32.28B
Cash, Cash Equivalents and Short-Term Investments1.56T2.03T3.16T2.10T3.61B3.96B
Total Debt13.48T14.61T16.60T15.06T12.75T13.03B
Total Liabilities20.80T24.79T26.99T19.27B19.68B20.56B
Stockholders Equity6.73T6.54T7.23T7.81B11.04B10.49B
Cash Flow
Free Cash Flow1.02T308.13B-1.75T-1.95T2.71T-284.17B
Operating Cash Flow2.41T2.61T1.67T2.93T5.97T2.11T
Investing Cash Flow-1.02T-1.74T-2.57T-6.51T-4.43T-2.14T
Financing Cash Flow-1.99T-1.18T1.33T1.89T-2.56T858.74B

LG Display Technical Analysis

Technical Analysis Sentiment
Negative
Last Price4.36
Price Trends
50DMA
4.27
Negative
100DMA
4.61
Negative
200DMA
4.07
Negative
Market Momentum
MACD
-0.05
Positive
RSI
36.64
Neutral
STOCH
15.79
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LPL, the sentiment is Negative. The current price of 4.36 is above the 20-day moving average (MA) of 4.25, above the 50-day MA of 4.27, and above the 200-day MA of 4.07, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 36.64 is Neutral, neither overbought nor oversold. The STOCH value of 15.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
$135.17B17.0714.45%0.41%-2.47%6.49%
74
Outperform
$3.81T32.68171.42%0.38%6.43%22.85%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
48
Neutral
$4.22B17.573.97%-3.45%82.49%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
LPL
LG Display
3.97
0.74
22.91%
AAPL
Apple
259.48
24.54
10.45%
SONY
Sony Group
22.10
0.68
3.17%

LG Display Corporate Events

LG Display Schedules February 2026 Non-Deal Roadshow on Q4 2025 Results
Jan 29, 2026

LG Display announced that it will hold a domestic non-deal roadshow in Seoul from February 3 to February 6, 2026, targeting domestic institutional investors and other professional participants. Sponsored by Daishin Securities, the meetings will be conducted on a one-on-one basis and will focus on discussing the company’s fourth-quarter 2025 financial results and addressing investor questions, underscoring LG Display’s ongoing efforts to engage the institutional investment community and provide greater transparency around its performance and outlook.

The most recent analyst rating on (LPL) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on LG Display stock, see the LPL Stock Forecast page.

LG Display Returns to Full-Year Profit in 2025 on OLED-Led Transformation
Jan 28, 2026

On January 28, 2026, LG Display reported its unaudited fourth-quarter 2025 results, showing revenues of KRW 7.2 trillion, up 4% quarter-on-quarter but down 8% year-on-year, and operating profit of KRW 169 billion, while posting a net loss of KRW 351 billion as earnings were pressured despite solid EBITDA. For full-year 2025, the company generated KRW 25.8 trillion in revenue and KRW 517 billion in operating profit, marking its first return to annual profitability in four years, driven by a strategic pivot toward OLED, which reached a record 61% of total revenue following its exit from large-sized LCDs; management highlighted improved cost structure and operational efficiency, outlined plans to use AI-driven transformation to bolster competitiveness across mobile, IT, TV, gaming and automotive displays, and underscored its intention to deepen its position in premium OLED markets, implying a more sustainable profit profile if execution continues as planned.

The most recent analyst rating on (LPL) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on LG Display stock, see the LPL Stock Forecast page.

LG Display Swings Back to Profit in 2025 Despite Lower Revenues
Jan 28, 2026

On January 28, 2026, LG Display reported that for full-year 2025 it achieved a profitability turnaround despite a slight decline in revenues, as it focused on advancing its business structure, improving its cost base and enhancing operational efficiency. Consolidated revenues for 2025 fell 3.0% year-on-year to KRW 25.81 trillion, but operating income swung from a loss of KRW 560.6 billion in 2024 to a profit of KRW 517.0 billion, with net income turning from a loss of KRW 2.41 trillion to a profit of KRW 303.8 billion, even after one-off fourth-quarter expenses related to workforce efficiency measures and payments aimed at employee encouragement and future profitability. Over the same period, the company’s balance sheet contracted, with total assets declining to KRW 26.92 trillion from KRW 32.86 trillion and total liabilities falling to KRW 19.08 trillion from KRW 24.79 trillion, suggesting deleveraging and structural adjustment as LG Display seeks a more sustainable financial and operational footing; the company cautioned that the figures are based on K-IFRS consolidated statements and remain subject to external audit review.

The most recent analyst rating on (LPL) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on LG Display stock, see the LPL Stock Forecast page.

LG Display Sets January 28, 2026 Date for Q4 2025 Earnings Release
Jan 22, 2026

On January 22, 2026, LG Display announced that it plans to disclose its financial results for the fourth quarter of 2025, covering the period from October 1 to December 31, 2025, on January 28, 2026. The company stated that consolidated Q4 2025 earnings and related presentation materials will be released and posted on its website ahead of an earnings conference call scheduled for the same day, while noting that the disclosure date could be adjusted depending on internal circumstances, signaling an upcoming key information event for investors and other market participants monitoring its operating performance.

The most recent analyst rating on (LPL) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on LG Display stock, see the LPL Stock Forecast page.

LG Display Sets January 27, 2026 Date for Final 2025 Earnings Disclosure
Jan 21, 2026

On January 21, 2026, LG Display announced it will disclose its final full-year 2025 earnings, including fourth-quarter consolidated results, on January 27, 2026, with an earnings release conference call scheduled for January 28, 2026. The company indicated this disclosure will address a change in revenues or income of more than 15%, signaling potentially significant year-on-year performance volatility that could influence investor sentiment and provide fresh insight into demand conditions in the global display market; LG Display also cautioned that the disclosure date may be adjusted depending on internal circumstances, with related materials to be posted on its website ahead of the call.

The most recent analyst rating on (LPL) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on LG Display stock, see the LPL Stock Forecast page.

LG Display CEO Adjusts Equity Holdings with January Share Withdrawal
Jan 20, 2026

On January 16, 2026, LG Display’s Representative Director and Chief Executive Officer, Cheoldong Jeong, withdrew 37,100 shares of LG Display common stock from the company’s Employee Stock Ownership Association, leaving him with 59,560 shares of LG Display common stock. The reported change, disclosed in a Form 6-K filed in January 2026, updates the market on the CEO’s equity holdings and may be monitored by investors as part of their assessment of insider share ownership and governance at the display manufacturer.

The most recent analyst rating on (LPL) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on LG Display stock, see the LPL Stock Forecast page.

LG Display Sets January 28, 2026 Conference Call for Q4 2025 Earnings
Jan 5, 2026

On January 5, 2026, LG Display Co., Ltd., the Seoul-based display panel manufacturer, announced it will hold a conference call on January 28, 2026 at 14:00 KST to present its fourth-quarter 2025 earnings results. The call, accessible in both Korean and English to institutional and individual investors, analysts and media, will cover Q4 2025 results followed by a Q&A session, with presentation materials to be posted on the company’s investor relations website. As part of an effort to enhance engagement with individual shareholders, LG Display will collect questions in advance via webcast registration and address the most widely shared topics during the call, while observing a quiet period from the January 5 disclosure until the earnings release, during which communication on forecasts and major business details will be restricted.

The most recent analyst rating on (LPL) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on LG Display stock, see the LPL Stock Forecast page.

LG Display Sets Record Date for Shareholder Voting Rights for 2025
Dec 8, 2025

On December 8, 2025, LG Display Co., Ltd. announced that shareholders registered in its registry by December 31, 2025, will be eligible to exercise their voting rights at the upcoming annual general meeting for the 2025 fiscal year. This announcement also applies to holders of American Depositary Shares, with Citibank setting the record date in accordance with the Deposit Agreement. This move ensures that all eligible stakeholders can participate in the decision-making process, potentially impacting the company’s governance and strategic direction.

The most recent analyst rating on (LPL) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on LG Display stock, see the LPL Stock Forecast page.

LG Display Unveils Corporate Value-up Plan with Financial Turnaround
Nov 28, 2025

On November 28, 2025, LG Display Co., Ltd. announced its Corporate Value-up Plan, highlighting a financial turnaround with a cumulative operating profit of KRW 348 billion up to the third quarter of 2025 and a reduction in total debt to KRW 13.5 trillion. The plan outlines mid to long-term objectives, including a shift towards OLED-centric operations and strengthening financial stability through improved cash flow management and investment efficiency.

The most recent analyst rating on (LPL) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on LG Display stock, see the LPL Stock Forecast page.

LG Display Reports Financial Turnaround in 2025 Q3
Nov 14, 2025

In its quarterly report for the period from January 1 to September 30, 2025, LG Display Co., Ltd. reported a significant financial turnaround with a profit of 582,429 million Won, compared to losses in previous years. This improvement reflects the company’s strategic adjustments and market recovery, positioning it positively within the industry and offering promising implications for its stakeholders.

The most recent analyst rating on (LPL) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on LG Display stock, see the LPL Stock Forecast page.

LG Display Reports Q3 2025 Profit Turnaround
Oct 30, 2025

In the third quarter of 2025, LG Display reported a significant financial turnaround with revenues increasing by 25% quarter-on-quarter to KRW 6,957 billion and operating profit reaching KRW 431 billion. This marks a return to profitability for the first time in four years, driven by increased OLED panel shipments and strong cost innovation initiatives. The company is focusing on expanding its OLED business across various segments, including automotive displays, and aims to enhance its premium product lineup to strengthen market positioning.

The most recent analyst rating on (LPL) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on LG Display stock, see the LPL Stock Forecast page.

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.Date of analysis: Jan 29, 2026