Company Valuation: LG Electronics Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,36,03,455 1,48,11,995 1,73,68,560 1,43,08,737 1,58,02,391 3,39,77,259 - -
Change - -37.25% 17.26% -17.62% 10.44% 115.01% - -
Enterprise Value (EV) 1 28,433 19,535 22,202 21,978 20,992 36,807 36,036 35,484
Change - -31.3% 13.65% -1.01% -4.49% 75.33% -2.09% -1.53%
P/E 24.1x 13x 25.7x 41x 17.2x 16.5x 13.1x 11.1x
PBR 1.3x 0.74x 0.84x 0.65x 0.52x 1.34x 1.22x 1.1x
PEG - 0.8x -0.6x -0.8x 0x 0x 0.5x 0.6x
Capitalization / Revenue 0.31x 0.18x 0.21x 0.16x 0.18x 0.35x 0.34x 0.32x
EV / Revenue 0.38x 0.23x 0.26x 0.25x 0.24x 0.38x 0.36x 0.33x
EV / EBITDA 4.17x 2.99x 3.29x 3.16x 3.43x 4.61x 4.35x 3.92x
EV / EBIT 7.39x 5.6x 6.26x 6.41x 8.47x 8.41x 7.55x 6.43x
EV / FCF 970x -2,176x 12.5x 27.1x 12.6x 11.8x 9.27x 8.95x
FCF Yield 0.1% -0.05% 8% 3.69% 7.93% 8.49% 10.8% 11.2%
Dividend per Share 3 850 700 800 1,000 1,350 1,541 1,933 1,847
Rate of return 0.62% 0.81% 0.79% 1.2% 1.47% 0.76% 0.96% 0.92%
EPS 3 5,725 6,640 3,954 2,036 5,330 12,191 15,345 18,186
Distribution rate 14.8% 10.5% 20.2% 49.1% 25.3% 12.6% 12.6% 10.2%
Net sales 1 75,719 83,612 84,280 87,744 89,201 95,730 1,00,884 1,06,488
EBITDA 1 6,811 6,536 6,757 6,953 6,118 7,990 8,279 9,057
EBIT 1 3,848 3,488 3,548 3,430 2,478 4,379 4,771 5,522
Net income 1 1,032 1,196 712.9 367.5 960.6 2,150 2,773 3,239
Net Debt 1 4,830 4,723 4,833 7,669 5,190 2,829 2,059 1,506
Reference price 3 1,38,000.00 86,500.00 1,01,800.00 83,500.00 91,900.00 2,01,500.00 2,01,500.00 2,01,500.00
Nbr of stocks (in thousands) 1,80,066 1,80,066 1,80,066 1,80,066 1,80,066 1,79,336 - -
Announcement Date 27/01/22 27/01/23 08/01/24 08/01/25 30/01/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.9x1.64x7.98x0.88% 15TCr
20.33x1.3x9.65x1.39% 6.23TCr
16.53x0.38x4.61x0.76% 2.52TCr
25.74x - - - 529.32Cr
30.42x - - 1.79% 343.69Cr
18.76x1.55x9.69x2.54% 330.72Cr
14.39x0.42x10.77x-.--% 268.24Cr
37.03x - - 0.81% 268.16Cr
Average 22.64x 1.06x 8.54x 1.17% 3.14TCr
Weighted average by Cap. 18.88x 1.40x 8.11x 1.02%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield