LG ChemLG화학

LG Chem remains loss-making on a trailing basis, with its shares down sharply over the past year and the stock trading near its 52-week low.

LG Chem reported trailing twelve-month revenue of ₩48.8T but a net loss of ₩1.5T through H1 2026, with a thin operating margin of 1.7%. The shares closed at ₩225,000 on 2026-10-26, close to the 52-week low of ₩221,000 and far below the high of ₩437,500. Recent news flow is centred on its advanced materials push in Europe and a pending sale of its BPA business to Kukdo International.

What stands out

• Revenue fell from ₩55.2T in 2023 to ₩45.9T in 2025, and operating margin dropped from 4.6% to 2.6% over the same period.
• Net income was negative in both 2024 (−₩690.9B) and 2025 (−₩1.8T), and trailing net margin is −3.1%.
• Free cash flow is negative at −₩19.2T on a trailing basis, while borrowings of ₩40.3T exceed cash of ₩11.1T and liabilities are 129.6% of equity.
• The stock is down 43.9% over one year, and foreign ownership slipped from 37.5% to 36.1% over the past 60 days, with foreign investors net sellers over the last 20 days.
• Valuation metrics are low (price-to-book 0.4, price-to-sales 0.3, dividend yield 0.9%), but the data has no P/E and no fair value estimate, so it does not say whether the shares are cheap.

What to watch

• The next half-year or annual results, to see whether operating margin recovers from 1.7% and whether losses narrow.
• The production suspension disclosure (amended 2026-10-08) and any follow-up on its effect on operations; the data does not give details.
• Completion of the BPA business sale to Kukdo International and the use of proceeds to reduce the ₩40.3T debt load.