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    A373220   KR7373220003

LG ENERGY SOLUTION, LTD.

(A373220)
  Report
End-of-day quote Korea Stock Exchange  -  2022-11-24
571000.00 KRW   +0.53%
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Envirostream Signs Agreement with LG Energy Solution

09/06/2022 | 07:43pm EST

Envirostream Australia Pty Ltd. (Envirostream) has executed an agreement with LG Energy Solution (LGES) for the processing of a minimum of 250 tonnes (`t') of lithium-ion batteries (`LIBs'). 250t equates to over 5,000 energy storage systems. Under the terms of the Agreement, LGES will deliver the LIBs to Envirostream's facilities in Melbourne, Australia, for processing. Envirostream recycles more than 90% of a lithium-ion battery into its core components which includes steel, copper, aluminium and most significantly the critical battery metals which are amalgamated into a mixed metal dust (`MMD').

The recovered MMD allows the active metals to be repurposed into new lithium-ion batteries anode and cathode powders. The relationship between Envirostream and LGES commenced in 2018, with Envirostream recycling more than 85t of their batteries to date under previously executed agreements. The minimum 250t volume of LIBs will be processed under the new terms defined within the Agreement.

The signing of this Agreement enables Envirostream to receive additional LGES battery volumes and commence the safe recycling of these batteries with immediate effect.


ę S&P Capital IQ 2022
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Analyst Recommendations on LG ENERGY SOLUTION, LTD.
More recommendations
Financials
Sales 2022 24 937 B 18,7 B 18,7 B
Net income 2022 887 B 0,66 B 0,66 B
Net cash 2022 104 B 0,08 B 0,08 B
P/E ratio 2022 150x
Yield 2022 -
Capitalization 133 614 B 100 B 100 B
EV / Sales 2022 5,35x
EV / Sales 2023 3,96x
Nbr of Employees 9 926
Free-Float 14,7%
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Technical analysis trends LG ENERGY SOLUTION, LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Last Close Price 571 000,00 KRW
Average target price 608 451,61 KRW
Spread / Average Target 6,56%
EPS Revisions
Managers and Directors
Young-Soo Kwon Chairman & Chief Executive Officer
Sang-Hyeon Lee Managing Director & Head-Finance
Young-Joon Shin Chief Technology Officer
Mi-Nam Shin Independent Director
Mi-Suk Yeo Independent Director
Sector and Competitors