LPLNYSEElectronic Components, NECFiscal year ends December 31
LG Display Co., Ltd.
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Apr 28, 2026
$2.68+0.05 (+1.90%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2006 to 2024
Gross margin
9.7%+1.7 pts over 5 years
Operating margin
–
Net margin
-9.6%+2.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +24.8% | -3.8% | +2.5% | – | |
| Gross profit | +646.1% | -21.4% | +6.6% | – | |
| Free cash flow | – | -52.4% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | -22.4% | -37.2% | |
| Return on assets | – | -8.2% | -7.5% | |
| Current ratio | – | 0.93 | 0.64 | |
| Debt to equity | – | – | 2.05 | |
| Interest coverage | – | – | – | |
| Inventory turnover | – | 9.1× | 9.2× | |
| Capex to revenue | 8.3% | 29.5% | 8.0% | |
| Diluted shares | 358M | 358M | 471M |
Where the cash went
Fiscal 2020 to 2024, five years combined
LG Display generated ₩15.14T from operations and spent ₩16.66T on capital expenditure, dividends and share buybacks. 99% of that went back into the business.
Generated
₩15.14T
Used
₩16.66T
Capital expenditure₩16.43T99%Dividends₩232.58B1%Share buybacks₩00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-9.6%
×Asset turnover0.78×
×Equity multiplier4.98×
=Return on equity, FY2024-37.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | -9.6% | 0.78× | 4.98× | -37.2% |
| FY2023 | -12.8% | 0.60× | 4.18× | -32.0% |
| FY2022 | -11.7% | 0.71× | 3.21× | -26.7% |
| FY2021 | 4.0% | 0.82× | 2.99× | 9.7% |
| FY2020 | -0.4% | 0.69× | 3.11× | -0.8% |
| FY2019 | -12.1% | 0.68× | 2.72× | -22.4% |
| FY2018 | -0.9% | 0.78× | 2.20× | -1.5% |
| FY2017 | 6.5% | 1.03× | 1.98× | 13.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
6of 9 tests passed in fiscal 2024. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-₩2.56T
- Cash generatingOperating cash flow above zero₩2.41T
- Return on assets improvedROA up on the prior year-7.7% → -7.2%
- Earnings backed by cashOperating cash flow above net income₩2.41T vs -₩2.56T
- Less leverageLong-term debt to assets fell28.6% → 22.9%
- Better liquidityCurrent ratio rose0.68 → 0.64
- No dilutionShare count did not rise381M → 471M
- Gross margin improvedGross margin up on the prior year1.62% → 9.68%
- More efficientAsset turnover rose0.60 → 0.74