LG Display Co., Ltd.

LPL
About the company

LG Display Co., Ltd., together with its subsidiaries, engages in the research, development, manufacture, and sale of organic light-emitting diode (OLED) and thin-film transistor liquid crystal display (TFT-LCD) panels in South Korea, China, the rest of Asia, North America, and Europe. The company offers display panels for televisions; monitors; IT products comprising notebook computers, desktop monitors, and tablet computers; laptops; smartphones and smartwatches; mobile phones and watches; automobiles; and other products with display devices.

Country: Korea, Republic ofPrice: $2.54Market Cap: $2.5B

Investment snapshot

18%positive consensus
Scored 1d ago

Positive

3

BUY / PASS

Neutral / negative

1 / 12

NEUTRAL / FAIL

Median fair value

$5.09

+100.4% vs price

Models with upside

4 / 17

Positive margin of safety

Strongest signal

LPL undervalued: all 4 models price fair value above $2.54 (median $5.09)

Key risk

No clean pass — all 8 investors flag at least one efficiency criterion

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILFAIL · Rank #2149 (Top 69.4%)PASSFAILPASSFAILFAILFAILPASSFAILFAILFAILFAILFAILNEUTRAL
Score
AnalysisChecking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…
Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/A+63.6%N/AN/AN/AN/A+20.6%N/A+75.0%N/A+20.1%N/AN/AN/AN/AN/AN/A
Financial Basis

Annual history · FY 2024

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Annual history · FY 2024 · Market data at 2026-11-01

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2024

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2024

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Annual history · FY 2024 · Qualitative assessment

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Annual history · FY 2024 · Qualitative assessment

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Annual history · FY 2024 · Market data at 2026-11-01

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Annual history · FY 2024 · Price history 2025-01-01–2026-11-01

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Annual history · FY 2024 · Qualitative assessment

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Annual history · FY 2024 · Price history 2025-01-01–2026-11-01

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Annual history · FY 2024 · Price history 2025-01-01–2026-11-01

Latest source filing: 2025-04-28

Score computed: 2026-11-14

Where It Passes

  • Valuation models100% pass✓ 4▾

    LPL undervalued: all 4 models price fair value above $2.54 (median $5.09)

    Buffett fair value$6.98
    ✓Buffett+63.6% margin vs $2.54
    Munger fair value$3.20
    ✓Munger+20.6% margin vs $2.54
    Akre fair value$10.14
    ✓Akre+75.0% margin vs $2.54
    Ackman fair value$3.18
    ✓Ackman+20.1% margin vs $2.54
  • Cash Flow70% pass✓ 9✗ 3▾

    7 of 10 pass — Buffett, Pabrai and Oshaughnessy object

    Free Cash Flow Proxy$295.3M
    ✗BuffettPositive and growing
    FCF Positive and Growing$192.2M
    ✓LynchPositive and growing
    Operating Cash Flow$1.6B
    ✓PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=7.34%, ROA=-7.80%
    ✓PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)0.8x
    ✓Dreman< 8x
    P/E or FCF YieldFCF Yield=7.6%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive7/13 years FCF positive
    ✓MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap15.1%
    ✓Ackman>= 4%
    Price / FCF per Share6.6x
    ✓Ackman<= 25
    Positive Operating Cash Flow frequency13/13 years positive
    ✓SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$192.2M
    ✓Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization+7.57%; #1076/4519 (top 23.8%)
    ✗OshaughnessyTop 10% of eligible cross-section

Where It Falls Short

  • Efficiency0% pass✓ 1✗ 10▾

    No clean pass — all 8 investors flag at least one efficiency criterion

    Current Ratio0.64
    ✗Graham>= 2.0
    ROIC (3-5 yr avg)5.0%
    ✗Buffett> 10%
    ROIC - WACC-5.0%
    ✗BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)-10.3%
    ✗Greenblatt> 25%
    Current Ratio Change YoY0.68 -> 0.64
    ✗PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY0.60x -> 0.81x
    ✓PiotroskiImproved YoY
    Current Assets / Current Liabilities0.64
    ✗Dreman> 1.5
    Return on Invested Capital
    ✗Munger> 15%
    ROIC (high and growing)FY2022: ROIC=unavailable; FY2023: ROIC=unavailable; FY2024: ROIC=unavailable
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROIC
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)0/2 years above 12% (latest 6.8%)
    ✗SleepROIC > 12% in a majority of years
  • Profitability6% pass✓ 4✗ 31▾

    15 of 16 flag LPL's profitability — Graham, Buffett, Lynch +12 more

    Positive EPS (10 years)7/15 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)-282.9%
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)7/15 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)-20.0%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)7.5% (latest)
    ✗BuffettStable or rising over 10 years
    Free Cash Flow Proxy$295.3M
    ✗BuffettPositive and growing
    Earnings Variance (10-yr CoV)N/A (negative mean EPS)
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROE-39.2%
    ✗Lynch> 15%
    EBIT / Enterprise Value-10.5%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-10.5%, ROC=-10.3%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets-7.80%
    ✗PiotroskiROA > 0
    ROA Change YoY-7.64% -> -7.80% (delta: -0.15%)
    ✗PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=7.34%, ROA=-7.80%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY1.6% -> 9.7%
    ✓PiotroskiImproved YoY
    Pre-Tax Income / Revenue-8.2%
    ✗Dreman>= 8%
    Net Income / Shareholders' Equity-39.2%
    ✗Dreman> 12%
    Margin of SafetyP/B=0.3x
    ✓PabraiP/B < 1.5 or P/E < 15
    Return on Equity-36.0% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency7/13 years positive
    ✓MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue
    ✗Ackman>= 15%
    Net Income / Shareholders Equity-39.2%
    ✗Ackman>= 15%
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend
    ✗TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trend
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization-68.75%; #5211/6340 (top 82.2%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+7.84%; #2941/3702 (top 79.4%)
    ✗AsnessTop 30% of eligible cross-section
    Net income / positive book equity-39.17%; #4067/5226 (top 77.8%)
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.0476; #2518/5884 (top 42.8%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR4.6% over 5 years
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years4/10 years positive
    ✗Schloss>= 70% positive over 5-10 observed years (app rule)
  • Debt & Leverage8% pass✓ 1✗ 14▾

    11 of 12 flag LPL's debt & leverage — Graham, Buffett, Lynch +8 more

    LT Debt vs Net Current AssetsLT Debt $5.1B vs NCA $-3.9B
    ✗GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: 1.30, IC: -1.4x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / Equity1.30
    ✗Lynch< 0.33
    Cash - Long-term Debt$-5.1B
    ✗LynchPositive preferred
    LT Debt / Total Assets Change28.61% -> 22.93%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities0.64
    ✗Dreman> 1.5✗SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity1.30
    ✗Dreman< 0.8✗Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✗SchlossD/E < 1.00x
    Debt Levels1.30
    ✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=-1.4x, D/EBITDA=2.2x
    ✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity1.30
    ✗Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)-1.3000; #3489/4210 (top 82.9%)
    ✗AsnessTop 30% of eligible cross-section
  • Growth13% pass✓ 3✗ 10▾

    7 of 8 flag LPL's growth — Graham, Lynch, Dreman +4 more

    EPS Growth (3-yr avg, 10-yr window)-282.9%
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthInv: -8.0% vs Rev: 8.7%
    ✓LynchInventory growth < Revenue growth
    EPS Growth Direction$4.00 (2007) -> $-3.71 (2024)
    ✗DremanPositive over recent years
    EPS CAGR-3.0% CAGR over 14 years
    ✗Dreman> 5% annualized
    Positive Net Income Frequency7/13 years positive
    ✓MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth-17.4%
    ✗Ackman>= 5%
    Positive EPS Growth Frequency4/5 years with positive EPS growth
    ✓AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trend
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR-2.2%
    ✗SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR4.6% over 5 years
    ✗Neff7%-20% annualized
  • Valuation15% pass✓ 12✗ 16▾

    11 of 13 flag LPL's valuation — Graham, Lynch, Greenblatt +8 more

    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio0.3x
    ✓Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value-10.5%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-10.5%, ROC=-10.3%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS
    ✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)0.8x
    ✓Dreman< 8x
    Price / Book Value per Share0.3x
    ✓Dreman< 1.2x✓Templeton< 1.5x✓SchlossP/B <= 0.80x (app cutoff)
    Valuation ReasonablenessOE Yield=23.3%
    ✓MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldFCF Yield=7.6%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/B=0.3x
    ✓MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Price / FCF per Share6.6x
    ✓Ackman<= 25
    Price vs. Trailing Low100% of trailing low ($2.54)
    ✓Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization-68.75%; #5211/6340 (top 82.2%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization+1.7553; #767/6449 (top 11.9%)
    ✓AsnessTop 30% of eligible cross-section
    Price / Diluted EPS
    ✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per Share0.28x
    ✓SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+7.1409; #411/5247 (top 7.8%)
    ✓OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization+7.57%; #1076/4519 (top 23.8%)
    ✗OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date-43.43%; #4933/6202 (top 79.5%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Verdicts19% pass✓ 3✗ 13▾

    Split decision: 12 FAIL · 3 PASS · 1 NEUTRAL

    Overall verdict
    ✗GrahamFAIL (2/9)✗BuffettFAIL (0/9)✗LynchFAIL (2/7)✗GreenblattRank #2149✓PiotroskiPASS (F-Score 5)✗DremanFAIL (3/11)✓MungerPASS (2/4)✗PabraiFAIL (1/3)✗AkreFAIL (1/6)✗MarksFAIL (3/5)✓AckmanPASS (4/9)✗TempletonFAIL (3/8)✗SleepFAIL (1/6)✗AsnessFAIL (Rank #1972/2370 (Top 83.2%))✗NeffFAIL (1/6)✗SchlossFAIL (2/7)•OshaughnessyNEUTRAL (Not ranked)

Business & financials

Financial snapshot: annual FY 2024. Current investor scores may use newer quarterly data.

Company Profile

Industry: Electronic Equipment
SIC Sector: Electronic & Electrical Equipment
Size: Mid Cap($2.5B)
Revenue: $18.1B+8.7% YoY
Net Income: $1.7B+18.4% YoY

Financial Snapshot

Operating Margin--
Return on Equity-39.2%
Debt / Equity1.30
Current Ratio0.64
EPS (Diluted)$-3.71

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Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

MetricFY 2024
Sources
  • 20-F · 2025-04-28
FY 2023
Sources
  • 20-F · 2024-04-29
FY 2022
Sources
  • 20-F · 2023-04-27
FY 2021
Sources
  • 20-F · 2022-04-28
FY 2020
Sources
  • 20-F · 2021-04-29
Market Cap$2.5Bcurrent$1.5Best.$2.0Best.$3.0Best.$3.5Best.
Revenue$18.1B↑9%$16.7B↓20%$20.8B↓17%$25.1B↑12%$22.3B
Operating Income------$1.9B↑5685%-$33.6M
Net Income-$1.7B↑18%-$2.1B↑12%-$2.4B↓344%$996.9M↑1242%-$87.3M
EPS (Diluted)$-3.71↑38%$-5.98↑12%$-6.81↓359%$2.63↑1178%$-0.24
Gross Margin9.7%↑498%1.6%↓62%4.3%↓76%17.8%↑63%10.9%
Operating Margin———7.5%↑5067%-0.2%
ROE-39.2%↓4%-37.8%↓22%-31.1%↓444%9.0%↑1186%-0.8%
Total Debt$5.8B↓39%$9.5B↑9%$8.7B↓18%$10.6B↓18%$12.9B
Shareholders' Equity$4.5B↓21%$5.7B↓28%$7.8B↓29%$11.0B↑5%$10.5B
Current Ratio0.64↓7%0.68↑1%0.68↓28%0.94↓7%1.01
Debt / Equity1.30↓22%1.67↑50%1.11↑15%0.97↓22%1.23
Operating Cash Flow$1.6B↑25%$1.3B↓45%$2.4B↓51%$4.8B↑131%$2.1B
Free Cash Flow$192.2M↑114%-$1.4B↑14%-$1.6B↓175%$2.2B↑853%-$291.4M

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Electronic Equipment

LPL vs Peers — Financial Grading

Revenue$18.1BMedian
Net Income$1.7BBottom 25%
ROE-39.2%Bottom 25%
D/E1.30Bottom 25%
Op. Margin—
Curr. Ratio0.64Bottom 25%
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
NVIDIA CORPNVDA$3.93T$162.85$215.9B$120.1B76.3%0.0560.4%3.913/96/93/71/3F-Score 45/11
INTEL CORPINTC$317.1B$59.66$52.9B$267.0M-0.2%0.41-4.2%2.023/90/91/70/3F-Score 63/11
TEXAS INSTRUMENTS INCTXN$277.4B$303.60$17.7B$5.0B30.7%0.8634.1%4.356/95/93/71/3F-Score 77/11
ANALOG DEVICES INCADI$192.8B$397.97$11.0B$2.3B6.7%0.2426.6%2.192/93/94/71/3F-Score 84/11
Motorola Solutions, Inc.MSI$87.8B$531.20$11.7B$2.2B89.4%3.4925.6%1.042/94/93/71/3F-Score 65/11
L3HARRIS TECHNOLOGIES, INC. /DE/LHX$50.7B$272.35—$1.6B8.2%0.57—1.192/92/93/71/3F-Score 73/11
NOKIA CORPNOK$45.7B$8.07$23.4B$764.7M3.1%0.164.4%1.582/91/93/71/3F-Score 53/11
ERICSSON LM TELEPHONE COERIC$34.2B$10.56$25.7B$3.1B26.0%0.3016.3%1.292/95/95/73/3F-Score 77/11