Last 28,750 KRW
Change Today 0.00 / 0.00%
Volume 979.7K
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Company Description

Contact Info

LG Twin Towers

128 Yeoui-daero

Yeongdeungpo-gu

Seoul, 150-721

South Korea

Phone: 82 2 3777 1010

Fax:

LG Display Co., Ltd. manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, and various other applications, including mobile products. It offers thin-film transistor liquid crystal display (TFT-LCD) technology and other display panel technologies, including organic light-emitting display (OLED) and flexible display products. Products The company manufactures display panels of various specifications that are integrated by its customers into principally the following products: Televisions, which typically utilize large-sized display panels ranging from 15 inches to 84 inches in size, including full high-definition television panels; Notebook computers, which typically utilize display panels ranging from 7 inches to 20.1 inches in size, including certain types of tablet computers; Desktop monitors, which typically utilize large-sized display panels ranging from 15 inches to 30 inches in size; and Mobile and other applications, which utilize an array of display panel sizes, including smartphones and other types of mobile phones, certain smaller types of tablet computers that are not classified in its notebook computer category, and industrial and other applications, including entertainment systems, automotives, portable navigation devices and medical diagnostic equipment. The company designs and manufactures its panels to meet the various size and performance specifications of its customers, including specifications relating to thinness, weight, resolution, color quality, power consumption, response times and viewing angles. The specifications vary from product to product. In addition to manufacturing and selling display panels, the company also manufactures and sells television sets and desktop monitors through its joint venture companies. Televisions: The company’s television display panels range from 15 inches to 84 inches in size. Its product portfolio includes panels of various sizes such as 17-inch, 19-inch, 20-inch, 22-inch, 26-inch, 32-inch, 37-inch, 42-inch, 47-inch, 55-inch, 72-inch and 84-inch display panels. Notebook Computers: The company’s display panels for notebook computers, which include display panels for certain types of tablet computers, range from 7 inches to 20.1 inches in size in various display formats. Desktop Monitors: The company’s desktop monitor display panels range from 15 inches to 30 inches in size in various display resolutions and formats. Mobile and Other Applications: The company’s product portfolio also includes panels for mobile and other applications, which utilize an array of display panel sizes, including smartphones and other types of mobile phones, certain types of smaller-sized tablet computers that are not included in the notebook computer category and industrial and other applications, including entertainment systems, automotives, portable navigation devices and medical diagnostic equipment. TFT-LCD panels that are nine inches and smaller are referred to as small and medium-sized panels, with those smaller than four inches being considered small-sized panels. Some of the panels the company produces for industrial products, such as medical diagnostic equipment, are highly specialized products manufactured to the specifications of its clients, while others, such as industrial controllers, may be manufactured by slightly modifying a standard product design for its other products, such as desktop monitors. Sales and Marketing The company has wholly-owned sales subsidiaries in the United States, Japan, Germany, Taiwan, China and Singapore. Customers The company’s display panels are included primarily in televisions, notebook computers, desktop monitors and mobile and other applications sold by its global end-brand customers. In 2012, its major customers included LG Electronics, Apple, Skyworth, Dell, Hewlett-Packard, TP Vision, Lenovo, Panasonic, TPV and Toshiba. Suppliers With respect to glass substrates, Paju Electric Glass Co., Ltd., a joint venture company of which the company and Nippon Electric Glass Co., Ltd. own 40% and 60%, respectively, provides the company with a supply of products. Joint Ventures In August 2010, the company entered into a joint venture agreement with Everlight Electronics Co., Ltd. and AmTRAN Technology Co., Ltd., to establish Eralite Optoelectronics (Jiangsu) Co., Ltd. Eralite Optoelectronics specializes in LED packaging and manufacturing. In November 2010, the company entered into a joint venture agreement with Compal Electronics, Inc., a Taiwanese company, and established LUCOM Display Technology (Kunshan) Ltd. in Kunshan, China. LUCOM Display Technology specializes in notebook borderless hinge-up display manufacturing. In September 2012, the company entered into a joint venture agreement with Guangzhou GET Technologies Development Co., Ltd., or GET Tech, and Shenzhen SKYWORTH-RGB Electronic Co., Ltd., or Skyworth, establishing LG Display (China) Co., Ltd., which would own and operate the new eighth-generation fabrication facility that is under construction in Guangzhou, China. The company acquired a 70.0% equity interest in LG Display (China). Competition The company’s principal competitors are: Samsung Display and Hydis Technologies in Korea; AU Optronics, Innolux, Chunghwa Picture Tubes and HannStar Display in Taiwan; Japan Display, Sharp and Panasonic LCD in Japan; and BOE and China Star Optoelectronics in China. History LG Display Co., Ltd. was founded in 1985. The company was incorporated in 1985 under the laws of the Republic of Korea. It was formerly known as LG Soft, Ltd. and changed its name to LG LCD Co., Ltd. in 1998 and then to LG.Philips LCD Co., Ltd. in 1999. Further, the company changed its name to LG Display Co., Ltd. in 2008.

 

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034220

Industry Average

Valuation 034220 Industry Range
Price/Earnings 24.6x
Price/Sales 0.4x
Price/Book 1.0x
Price/Cash Flow 24.6x
TEV/Sales 0.2x
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