LG Display Co. (LPL)
NYSE:LPL
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LG Display
(NYSE:LPL)
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Rating:50Neutral
Price Target:
$4.50
▲(3.21% Upside)
Action:ReiteratedDate:04/09/26
Overall score reflects improving but still risky fundamentals: recent return to profitability and better free cash flow are positives, but leverage remains a key constraint and margins are thin. Technical signals are mixed (negative MACD despite price holding above shorter-term averages). Valuation is only average given a ~26.8 P/E with no dividend, while the earnings call balance was mildly positive long-term (OLED mix shift, Y-o-Y ASP strength) but tempered by near-term Q1 weakness guidance and ongoing uncertainty.
Positive Factors
OLED-driven product mix
A sustained shift to OLED (65% of Q4 revenue, +6pp Y‑o‑Y) meaningfully upgrades LGD’s product mix toward premium, higher-ASP panels. This structural pivot supports healthier gross margins, differentiation versus LCD commoditization, and a more defensible market position across TV, mobile and automotive segments.
Negative Factors
Elevated leverage
Despite sequential reductions, leverage remains high and equity has not fully rebuilt, limiting financial flexibility. Elevated net debt increases vulnerability to interest-rate and FX moves, constrains large-scale investments, and raises refinancing and covenant risk during industry downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
OLED-driven product mix
A sustained shift to OLED (65% of Q4 revenue, +6pp Y‑o‑Y) meaningfully upgrades LGD’s product mix toward premium, higher-ASP panels. This structural pivot supports healthier gross margins, differentiation versus LCD commoditization, and a more defensible market position across TV, mobile and automotive segments.
Read all positive factors
LG Display (LPL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.27B
Dividend YieldN/A
Average Volume (3M)1.97M
Price to Earnings (P/E)26.8
Beta (1Y)1.10
Revenue Growth-3.45%
EPS Growth82.49%
CountryUS
Employees27,352
SectorTechnology
Sector Strength88
IndustryConsumer Electronics
Share Statistics
EPS (TTM)-0.25
Shares Outstanding1,000,000,000
10 Day Avg. Volume2,819,979
30 Day Avg. Volume1,967,127
Financial Highlights & Ratios
PEG Ratio-0.25
Price to Book (P/B)0.92
Price to Sales (P/S)0.23
P/FCF Ratio6.04
Enterprise Value/Market Cap4.10K
Enterprise Value/Revenue0.68
Enterprise Value/Gross Profit5.18
Enterprise Value/Ebitda2.94
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.45
Revenue Forecast (FY)$18.06B
LG Display Business Overview & Revenue Model
Company Description
LG 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 panel...
How the Company Makes Money
LG Display makes money mainly by manufacturing and selling display panels and related modules/components to device makers. Its primary revenue stream is the sale of OLED panels—especially large-size OLED TV panels supplied to TV brands—and small/m...
LG Display Earnings Call Summary
Earnings Call Date:Jan 28, 2026
(Q4-2025)
| Next Earnings Date:Apr 23, 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.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%.
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.
Read all updates
Q4-2025 Updates
Positive
Negative
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%.
Read all positive updates
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
Income Statement
44
Neutral
Balance Sheet
40
Negative
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 25.81T | 26.62T | 21.33T | 26.15T | 29.88T |
| Gross Profit | 3.38T | 2.58T | 345.18B | 1.12T | 5.31T |
| EBITDA | 5.00T | 3.84T | 1.60T | 1.54T | 6.65T |
| Net Income | 226.31B | -2.56T | -2.73T | -3.07T | 1.19T |
Balance Sheet | |||||
| Total Assets | 26.92T | 32.86T | 35.76T | 35.69T | 38.15T |
| Cash, Cash Equivalents and Short-Term Investments | 1.66T | 2.03T | 3.16T | 2.10T | 3.57T |
| Total Debt | 12.73T | 14.61T | 16.60T | 15.06T | 12.75T |
| Total Liabilities | 19.08T | 24.79T | 26.99T | 24.37T | 23.39T |
| Stockholders Equity | 6.60T | 6.54T | 7.23T | 9.88T | 13.12T |
Cash Flow | |||||
| Free Cash Flow | 1.00T | 308.13B | -1.75T | -1.95T | 2.71T |
| Operating Cash Flow | 2.35T | 2.61T | 1.67T | 2.93T | 5.97T |
| Investing Cash Flow | -993.84B | -1.74T | -2.57T | -6.51T | -4.43T |
| Financing Cash Flow | -1.99T | -1.18T | 1.33T | 1.89T | -2.56T |
LG Display Technical Analysis
Positive
4.36
Price Trends
4.19
Positive
4.24
Positive
4.33
Positive
Market Momentum
>-0.01
Negative
59.87
Neutral
91.05
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LPL, the sentiment is Positive. The current price of 4.36 is above the 20-day moving average (MA) of 4.04, above the 50-day MA of 4.19, and above the 200-day MA of 4.33, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 59.87 is Neutral, neither overbought nor oversold. The STOCH value of 91.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $3.82T | 23.95 | 159.94% | 0.41% | 10.07% | 25.58% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $129.48B | -5.83 | -2.62% | 0.41% | -11.64% | -116.17% | |
50 Neutral | $4.27B | 26.80 | 3.47% | ― | -3.45% | 82.49% |
* Technology Sector Average
LPL
LG Display
4.49
1.69
60.36%
AAPL
Apple
260.48
58.84
29.18%
SONY
Sony Group
21.05
-1.81
-7.91%
LG Display Corporate Events
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...
LG Display Gains Clean 2025 Audit Opinion as Losses Narrow Sharply
Feb 27, 2026
LG Display disclosed that Samil PricewaterhouseCoopers issued unqualified audit opinions on its separate financial statements and on its internal control over financial reporting for the years ended December 31, 2025 and 2024, with the audit repor...
LG Display Wins Clean Audit as 2025 Results Mark Profitable Turnaround
Feb 27, 2026
On February 27, 2026, LG Display reported that its external auditor, Samil PricewaterhouseCoopers, issued unqualified opinions on the group’s consolidated financial statements and on internal control over financial reporting for the years en...
LG Display Details 2025 Board Actions, Approves OLED Investment and 2026 Funding Limits
Feb 13, 2026
LG Display has detailed the 2025 activities of its board and outside directors, showing full attendance by all external members and an active governance agenda spanning finance, compliance and strategy. The board approved FY2024 financial statemen...
LG Display Calls March 19 AGM to Approve Governance Changes and Director Reappointments
Feb 13, 2026
On February 13, 2026, LG Display’s board approved the convening of its 41st annual general meeting of shareholders for the 2025 fiscal year, scheduled for March 19, 2026 at the company’s Paju Display Cluster. The meeting will review au...
LG Display to Sell China Automotive LCD Module Unit to Streamline Operations
Feb 9, 2026
LG Display said its board on February 9, 2026 approved a plan for its subsidiary LG Display Nanjing to transfer its automotive display LCD module business unit to Top Run Total Solution (Nanjing) for KRW 104.1 billion, with closing targeted for Ju...
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...
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 3...
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 effi...
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 ea...
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 ...
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 ...
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.