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    A373220   KR7373220003

LG ENERGY SOLUTION, LTD.

(A373220)
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End-of-day quote Korea Stock Exchange  -  05-19
434000.00 KRW   +4.45%
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LG Energy Solution Makes Strong Debut in South Korea

01/26/2022 | 07:48pm EDT

By Kwanwoo Jun

LG Energy Solution Ltd. shares surged in their debut on South Korea's stock exchange Thursday after a record initial public offering.

The listing of the electric-vehicle battery supplier for General Motors Co., Tesla Inc., Volkswagen AG and Hyundai Motor Co. followed a near $11 billion IPO--the largest ever in South Korea.

LG Energy shares opened at 597,000 won ($498.53) in their first day of trading, almost doubling the IPO price of KRW300,000.

The strong debut has made LG Energy the second-biggest listed company in South Korea with an estimated market capitalization of more than KRW120 trillion, behind that of tech giant Samsung Electronics Co.

LG Energy and parent LG Chem Ltd. earlier this month sold a combined 42.5 million LG Energy shares to raise KRW12.750 trillion in a heavily oversubscribed IPO, eclipsing the previous record of KRW4.9 trillion set by Samsung Life Insurance Co. in 2010.

LG Energy plans to use a bulk of the proceeds to boost its electric-vehicle battery output as it seeks to overtake the world's top battery maker, Contemporary Amperex Technology Co. of China, in terms of market share.

GM and LG Energy agreed Tuesday to jointly build a $2.6 billion EV battery factory in Michigan--the third such joint-venture project in the U.S. following one in Ohio and another in Tennessee.

LG Energy shares were last trading at KRW490,000.


Write to Kwanwoo Jun at kwanwoo.jun@wsj.com


(END) Dow Jones Newswires

01-26-22 1948ET

Stocks mentioned in the article
ChangeLast1st jan.
CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED 1.89% 426.9 End-of-day quote.-27.40%
GENERAL MOTORS COMPANY -1.99% 35.4 Delayed Quote.-39.62%
HYUNDAI CORPORATION 0.53% 18800 End-of-day quote.11.90%
HYUNDAI CORPORATION HOLDINGS CO., LTD. -0.78% 12750 End-of-day quote.7.14%
HYUNDAI MOTOR COMPANY 2.47% 186500 End-of-day quote.-10.77%
LG CHEM, LTD. 8.57% 545000 End-of-day quote.-11.38%
LG CORP. 2.15% 76000 End-of-day quote.-6.06%
LG ENERGY SOLUTION, LTD. 4.45% 434000 End-of-day quote.0.00%
SAMSUNG ELECTRONICS CO., LTD. 0.74% 68000 End-of-day quote.-13.15%
SAMSUNG LIFE INSURANCE CO., LTD. 1.83% 66900 End-of-day quote.4.37%
TESLA, INC. -6.42% 663.9 Delayed Quote.-37.18%
VOLKSWAGEN AG 0.25% 145.68 Delayed Quote.-17.92%
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Analyst Recommendations on LG ENERGY SOLUTION, LTD.
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Financials
Sales 2022 20 409 B 16,0 B 16,0 B
Net income 2022 853 B 0,67 B 0,67 B
Net cash 2022 735 B 0,58 B 0,58 B
P/E ratio 2022 124x
Yield 2022 0,01%
Capitalization 101 556 B 79 759 M 79 759 M
EV / Sales 2022 4,94x
EV / Sales 2023 3,75x
Nbr of Employees -
Free-Float 18,2%
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Technical analysis trends LG ENERGY SOLUTION, LTD.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 434 000,00 KRW
Average target price 517 958,33 KRW
Spread / Average Target 19,3%
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