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LG Display
(NYSE:LPL)
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Rating:43Neutral
Price Target:
$3.00
▼(-5.36% Downside)
Action:Reiterated
Date:07/22/26
The score is held down primarily by weak financial performance (high leverage, negative free cash flow, and a return to TTM losses) and bearish technicals (below key moving averages with negative MACD). The latest earnings call provides some offset via improving underlying operations and upbeat Q3 shipment/ASP guidance, but losses, FX impacts, and competitive pressures keep overall risk elevated; valuation is also limited by a negative P/E and no dividend yield data.
Positive Factors
OLED mix expansion and monitor growth
A shift to OLED (57% of revenue) and rising OLED monitor share materially improves product mix toward higher-margin panels. This structural move diversifies demand beyond TVs into premium IT and monitor segments, supporting steadier ASPs and longer-term design wins versus declining commodity LCDs.
Negative Factors
Elevated leverage and balance sheet sensitivity
Very high debt/equity (260%) and net D/E (156%) leave limited financial flexibility and increase refinancing and interest-rate vulnerability. This leverage profile raises execution risk for multi-year capacity shifts and makes the company more sensitive to cyclical demand or FX swings when funding capex or smoothing cash shortfalls.
Read all positive and negative factors
Positive Factors
Negative Factors
OLED mix expansion and monitor growth
A shift to OLED (57% of revenue) and rising OLED monitor share materially improves product mix toward higher-margin panels. This structural move diversifies demand beyond TVs into premium IT and monitor segments, supporting steadier ASPs and longer-term design wins versus declining commodity LCDs.
Read all positive factors
LG Display (LPL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.22B
Dividend YieldN/A
Average Volume (3M)2.90M
Price to Earnings (P/E)―
Beta (1Y)1.30
Revenue Growth-6.88%
EPS Growth-90.77%
CountryUS
Employees27,352
SectorTechnology
Sector Strength88
IndustryConsumer Electronics
Share Statistics
EPS (TTM)-81.69
Shares Outstanding1,000,000,000
10 Day Avg. Volume3,771,771
30 Day Avg. Volume2,899,591
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.12
Revenue Forecast (FY)$16.91B
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:Jul 22, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 28, 2026
Earnings Call Sentiment Neutral
The call conveyed a mixed but constructive picture: the company showed meaningful operational progress (area shipment growth, OLED mix expansion, EBITDA margin of 16%, and core profitability turning positive excluding a KRW 240 billion one-off), and achieved first-half profitability for the first time since 2021. However, reported Q2 results were weighed down by a KRW 240 billion restructuring charge, a KRW 418.8 billion net loss driven by FX translation, a 13% QoQ ASP decline, and elevated leverage (D/E 260%, net D/E 156%). Management emphasized continued cost and technology initiatives, optimistic Q3 guidance (mid-single-digit shipment growth and high-teen ASP recovery), and targeted capex, while acknowledging significant macro and competitive headwinds. Overall, positives and negatives are roughly balanced.Positive Updates
Revenue Slightly Up Year-over-Year and Quarter-over-Quarter
Consolidated revenue in Q2 was KRW 5.6121 trillion, rising slightly YoY and QoQ supported by a high Won-to-Dollar exchange rate and stronger medium/large shipments.
Negative Updates
Reported Operating Loss in Q2
Q2 operating margin was negative at -2% due to one-off workforce restructuring costs (KRW 240 billion) and seasonality-driven mobile shipment declines.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Slightly Up Year-over-Year and Quarter-over-Quarter
Consolidated revenue in Q2 was KRW 5.6121 trillion, rising slightly YoY and QoQ supported by a high Won-to-Dollar exchange rate and stronger medium/large shipments.
Read all positive updates
Company Guidance
LG Display guided that Q3 total area shipments are expected to rise by mid‑single‑digit percent QoQ, led by increased large and mobile OLED shipments (mobile OLED seasonality) and that price per square meter (ASP) should rebound by the high‑teen percent level QoQ; this follows Q2 area shipments of 3.6 million sq m (up 12% QoQ) and a Q2 ASP that fell 13% QoQ to $1,079. The company noted Q2 revenue of KRW 5.6121 trillion, an operating margin of -2% (including a KRW 240 billion one‑off workforce restructuring charge), an EBITDA margin of 16%, and a net loss of KRW 418.8 billion, with cash of KRW 1.452 trillion, debt/equity of 260% and net debt/equity of 156%; 2026 capex is expected in the mid‑ to high‑KRW 2 trillion range.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 | 5.56T | 3.84T | 1.60T | 1.54T | 6.65T |
| Net Income | -81.65B | 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 | 13.63T | 12.73T | 14.61T | 16.60T | 15.06T | 12.75T |
| Total Liabilities | 19.26T | 19.08T | 24.79T | 26.99T | 24.37T | 23.39T |
| Stockholders Equity | 6.38T | 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
Negative
3.17
Price Trends
4.04
Negative
4.20
Negative
4.31
Negative
Market Momentum
-0.24
Negative
44.28
Neutral
63.91
Neutral
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 3.17 is below the 20-day moving average (MA) of 3.27, below the 50-day MA of 4.04, and below the 200-day MA of 4.31, indicating a bearish trend. The MACD of -0.24 indicates Negative momentum. The RSI at 44.28 is Neutral, neither overbought nor oversold. The STOCH value of 63.91 is Neutral, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $4.54T | 35.26 | 137.18% | 0.32% | 14.24% | 32.57% | |
63 Neutral | $143.35B | -103.05 | -2.74% | 0.76% | -1.74% | -118.42% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
43 Neutral | $3.22B | -3.41 | -20.80% | ― | -6.88% | -90.77% |
* Technology Sector Average
LPL
LG Display
3.26
-0.79
-19.51%
AAPL
Apple
311.00
98.59
46.42%
SONY
Sony Group
22.44
-1.86
-7.65%
LG Display Corporate Events
LG Display Schedules Late-July 2026 Domestic Non-Deal Roadshow on Q2 Results
Jul 23, 2026
LG Display announced that it will hold a domestic non-deal roadshow in Seoul from July 28 to July 30, 2026, targeting domestic institutional investors. The sessions, sponsored by iM Securities, will focus on presenting the company’s second-q...
LG Display Posts Q2 2026 Loss but Maintains First-Half Profit Momentum
Jul 22, 2026
LG Display reported unaudited second-quarter 2026 results on July 22, showing revenues of KRW 5.61 trillion, up slightly quarter-on-quarter and year-on-year, but slipping into an operating loss of KRW 108 billion and a net loss of KRW 419 billion....
LG Display Schedules July 22 Conference Call for Q2 2026 Earnings
Jul 1, 2026
LG Display announced that it will hold a conference call on July 22, 2026, at 10:00 a.m. KST to present its second-quarter 2026 earnings results, with both Korean and English language options available. The call, open to domestic and international...
LG Display Schedules July 22, 2026 Release of Q2 2026 Earnings
Jul 1, 2026
LG Display has notified investors that it will disclose its financial results for the second quarter of 2026, covering the period from April 1 to June 30, on July 22, 2026. The company will publish its earnings release materials on its investor re...
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...
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.