Fact Source: Hana Securities Report (Published on July 3, 2026) Investment Rating & Target Price: BUY / KRW 260,000 Core Momentum: Entering final phases of qualitative qualification for North American hyperscaler data center cooling programs and robotics baseline deployment
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📊 1. [Valuation & Investment Indicator Analysis]
Key Investment Guidelines
- Investment Rating: BUY (Maintained)
- Target Price: KRW 260,000 (Upgraded)
- Current Price (As of July 2, 2026): KRW 192,300
Annual Financial Facts & Forecast Key Metrics
- 2024: Revenue KRW 87,728.2 billion, Operating Profit KRW 3,419.7 billion, Net Profit (Controlling Interest) KRW 367.5 billion, ROE 1.81%, EPS KRW 2,032, PBR 0.72x
- 2025: Revenue KRW 89,200.9 billion, Operating Profit KRW 2,478.4 billion, Net Profit (Controlling Interest) KRW 960.6 billion, ROE 4.28%, EPS KRW 5,321, PBR 0.69x
- 2026 (F): Revenue KRW 94,423.8 billion, Operating Profit KRW 4,369.4 billion, Net Profit (Controlling Interest) KRW 2,050.4 billion, ROE 8.10%, EPS KRW 11,387, PBR 1.29x
- 2027 (F): Revenue KRW 98,092.4 billion, Operating Profit KRW 5,170.1 billion, Net Profit (Controlling Interest) KRW 2,363.3 billion, ROE 8.51%, EPS KRW 13,125, PBR 1.20x
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🚀 2. [Market Opportunities (TAM) & Detailed Earnings Forecasts]
2Q26 Operational Profile & Structural Margin Buffers
- Standalone & Consolidated Projections: Standalone 2Q26 revenue is estimated at KRW 18,057.7 billion (+6.6% YoY) with an operating profit of KRW 1,248.9 billion (+100% YoY), driving consolidated numbers past baseline consensus metrics. Strong iPhone logistical cycles combined with favorable foreign exchange distributions supported earnings at subsidiary LG Innotek, augmenting group returns.
- Profit Drivers: Performance metrics received an immediate boost from US tariff refund allocations. Stripping out the one-off distribution, the firm protected core profit resilience (achieving an unadjusted Standalone OPM of 7%) through disciplined price management and active manufacturing cost restructurings, mitigating ongoing raw material and container freight inflation headwinds.
New Divisional Restructuring & Medium-Term Roadmap
- Hyperscale Liquid Cooling Infrastructure: Dedicated systems targeting modern artificial intelligence (AI) data centers have reached the concluding phase of structural qualification tests administered by tier-1 North American hyperscalers. Upon securing final validation approvals, initial revenue streams are expected to begin within 6 to 9 months, positioning localized financial scale-ups for 2H27.
- Robotics Integration Pipelines: Setting up specialized ‘Data Factory’ facilities focused on humanoid automation learning matrices. Collecting empirical physical motion frameworks supports the long-term convergence of Robot Foundation Models (RFM), expanding commercial execution pathways across domestic and heavy industrial operating spaces.
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📝 Editor’s Comment
- LG Electronics is demonstrating structural qualitative transition as its primary business model shifts from legacy home appliance manufacturing toward scalable B2B platforms and server infrastructure. The key analytical takeaway from the 2Q26 data points is the corporation’s margin defenses; handling severe supply-chain price shocks via strategic ASP pass-through options indicates superior tier-1 market power. Looking through cyclic tariff distributions, the underlying valuation re-rating will be defined by securing sovereign AI infrastructure footprints in the second half. Priced at a Forward PBR of 1.20x relative to its 2027 book value metrics, the multiple offers a highly defensive entry window as impending tech partnerships and liquid cooling implementations shift into operational stages.
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📢 Disclaimer & Source
Source
This content has been restructured and newly generated based on the financial facts and data points from officially published securities research reports.
Investment Risk Warning
This information is provided for informational and educational purposes only. Under no circumstances does it constitute financial advice, or a solicitation or recommendation to buy or sell any specific securities. All investment decisions and subsequent financial liabilities rest entirely with the individual investor.
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