LGLG
003550 · KOSPI · ₩003550 · LG
Valuation model · Sum of the parts (net asset value)
This is a holding company, so we value what it owns: its stakes in listed companies at market value, less a holding company discount.
Fair value per share
₩14,134
vs the current price (₩96,200)
- Assets before discount
- ₩3.6T
- Equity value
- ₩2.2T
Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal. This is not financial advice.
Bear / Base / Bull
- Bear
- ₩9,423
- −90.2%
- Base
- ₩14,134
- −85.3%
- Bull
- ₩19,788
- −79.4%
Bear: listed stakes 20% lower and a discount 10 points wider. Bull: the opposite.
Assumptions
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Business
- 0%
Moves the market value of the listed companies it owns up or down.
Default: 0, today's market values.
- ₩0B
Anything else it owns, minus its own debt, in ₩ billions.
Default: 0. Unlisted holdings and the company's own cash and debt aren't included unless you add them.
Discount rate
- 40%
How far below the value of its holdings the company is valued.
Default: a typical discount for Korean holding companies.
Starting point
- Shares
- 154,203,203
- incl. 3,011,199 preferred
- Share price
- ₩96,200
- Market cap
- ₩15T
Listed stakes
| Company | Stake | Market value |
|---|---|---|
| LG CNS | 45.0% | ₩3.1T |
| LS Electric | 2.0% | ₩449B |
| HS Ad | 36.0% | ₩36B |
Sensitivity
Fair value per share as two inputs change; the middle is the current case.
| Listed stakes ↓ · Discount → | 20.0% | 30.0% | 40.0% | 50.0% | 60.0% |
|---|---|---|---|---|---|
| −20.0% | ₩15,076 | ₩13,192 | ₩11,307 | ₩9,423 | ₩7,538 |
| −10.0% | ₩16,961 | ₩14,841 | ₩12,721 | ₩10,600 | ₩8,480 |
| 0.0% | ₩18,845 | ₩16,490 | ₩14,134 | ₩11,778 | ₩9,423 |
| +10.0% | ₩20,730 | ₩18,139 | ₩15,547 | ₩12,956 | ₩10,365 |
| +20.0% | ₩22,614 | ₩19,788 | ₩16,961 | ₩14,134 | ₩11,307 |
Now (TTM)
- Market cap
- ₩15T
- Enterprise value
- ₩12T
- P/E
- 19.2×
- P/B
- 0.5×
- P/S
- 1.9×
- EV/EBITDA
- 9.8×
- Dividend yield
- 3.2%
Over time (at each year end)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Price | ₩80,700 | ₩72,000 | ₩85,900 | ₩78,100 | ₩80,900 |
| Market cap | ₩12T | ₩11T | ₩13T | ₩12T | ₩12T |
| P/E | 16.5× | 18.9× | 10.3× | 6.0× | 4.8× |
| P/B | 0.4× | 0.4× | 0.5× | 0.5× | 0.6× |
| P/S | 1.7× | 1.5× | 1.7× | 1.6× | 1.8× |
| EV/EBITDA | 8.3× | 7.7× | 6.2× | 5.5× | 4.6× |
| Dividend yield | 3.8% | 4.3% | — | — | — |
Versus similar companies
| Company | P/E | P/B | P/S | EV/EBITDA | Dividend yield |
|---|---|---|---|---|---|
| LG | 19.2× | 0.5× | 1.9× | 9.8× | 3.2% |
| SK Square | 3.6× | 2.2× | 96.1× | 3.5× | 0.0% |
| KB Financial Group | 8.8× | 0.9× | — | 9.6× | 2.8% |
| Shinhan Financial Group | 7.8× | 0.7× | — | 10.2× | 2.9% |
| SK | 4.5× | 1.0× | 0.3× | — | 1.6% |
| Hana Financial Group | 8.0× | 0.7× | — | 10.0× | 3.4% |
| Woori Financial Group | 7.1× | 0.6× | — | 8.5× | 4.4% |
| Similar companies (median) | 7.5× | 0.8× | 48.2× | 9.6× | 2.8% |
Calculated from end-of-day prices and filed financial statements. Not a recommendation. This is not financial advice.
Also known as: LG / 003550 / KRX:003550
Source: KRX statistical information