Lg Electronics Inc EBITDA Margin decreased on 7.7 pp from 7.7% to in 2019
08 Jan 2020 • About Lg Electronics Inc (
$39IB) • By InTwits
Lg Electronics Inc reported FY2019 financial results today. Overall the company's long term financial model is characterised by the following facts: It operates with medium-size leverage: Net Debt/EBITDA is 2.7x while industry average is -1.2x.
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue increased slightly on 1.6%.
Financial and operational results
FY ended 30 Nov -0001
Lg Electronics Inc ($39IB) key annual financial indicators| mln. KRW | 2015 | 2016 | 2017 | 2018 | 2019 | 2019/2018 |
|---|
P&L
|
|---|
| Revenue | 56,509,008 | 55,367,033 | 61,396,284 | 61,341,664 | 62,306,000 | 1.6% |
| Gross Profit | 12,873,945 | 13,736,740 | 14,658,721 | 15,081,044 | | |
| SG&A | 10,787,544 | 11,656,588 | 11,489,236 | 11,577,602 | | |
| EBITDA | 3,125,012 | 3,080,745 | 4,236,118 | 4,703,403 | | |
| EBIT | | | | 2,703,291 | | |
| Interest expence | | | | 414,524 | | |
| Tax | | | | 535,761 | | |
| Net Income | 124,394 | 76,879 | 1,725,770 | 1,240,140 | | |
Balance Sheet
|
|---|
| Cash | 2,710,156 | 3,015,137 | 3,350,597 | 4,270,388 | | |
| Inventory | | | | 6,021,356 | | |
| Accounts Payable | | | | 7,216,739 | | |
| Short Term Debt | 2,326,128 | 1,650,511 | 1,360,756 | 1,405,116 | | |
| Long Term Debt | 6,501,122 | 7,008,500 | 8,089,724 | 9,496,070 | | |
Cash flow
|
|---|
| Capex | 1,747,253 | 2,019,014 | 2,575,542 | 3,166,489 | | |
| Dividends | | | | 122,567 | | |
Ratios
|
|---|
| Revenue growth | -4.3% | -2.0% | 10.9% | -0.1% | 1.6% | |
| EBITDA growth | -17.9% | -1.4% | 37.5% | 11.0% | | |
|
|---|
| Gross Margin | 22.8% | 24.8% | 23.9% | 24.6% | | |
| EBITDA Margin | 5.5% | 5.6% | 6.9% | 7.7% | |
| EBIT Margin | | | | 4.4% | |
| SG&A, % of revenue | 19.1% | 21.1% | 18.7% | 18.9% | | |
| Net Income Margin | 0.2% | 0.1% | 2.8% | 2.0% | |
| CAPEX, % of revenue | 3.1% | 3.6% | 4.2% | 5.2% | | |
|
|---|
| ROIC | 5.8% | 6.5% | 11.3% | 11.0% | | |
| ROE | 1.0% | 0.6% | 12.5% | 8.2% | | |
| Net Debt/EBITDA | 2.0x | 1.8x | 1.4x | 1.4x | |
| Interest coverage ratio (ICR) | | | | 6.5x | |
| Interest expence / Average debt | | | | 3.8% | | |
Peers in Leisure Goods
Below we provide Lg Electronics Inc benchmarking against other companies in Leisure Goods industry for the last 5 years. We show data for the top-5 companies by key financial metric together with the median value for all the companies in the industry.
Top companies by Revenue growth, %
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Konami Corp ($KNM) | 0.3% | 14.6% | -8.0% | 4.2% | |
| Lightwaverf ($LWRF) | -30.9% | -31.3% | 110.1% | -7.2% | |
| Character Group ($CCT) | | 22.1% | -4.7% | -7.9% | 13.4% |
| Hornby ($HRN) | 12.8% | -4.1% | -15.0% | -24.8% | |
| |
|---|
| Median (4 companies) | 9.8% | 3.8% | -6.3% | -7.5% | 13.4% |
|---|
| Lg Electronics Inc ($39IB) | | -2.0% | 10.9% | -0.1% | 1.6% |
Top companies by Gross margin, %
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Konami Corp ($KNM) | 32.8% | 35.0% | 38.6% | 40.6% | |
| Hornby ($HRN) | 46.7% | 39.0% | 38.3% | 38.6% | |
| Character Group ($CCT) | 37.0% | 31.6% | 32.6% | 34.2% | 34.5% |
| Lightwaverf ($LWRF) | | 32.5% | 35.5% | 29.3% | |
| |
|---|
| Median (4 companies) | 32.8% | 32.1% | 34.0% | 36.4% | 34.5% |
|---|
| Lg Electronics Inc ($39IB) | 22.8% | 24.8% | 23.9% | 24.6% | |
Top companies by EBITDA margin, %
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Konami Corp ($KNM) | 16.5% | 21.5% | 22.9% | 24.1% | |
| Character Group ($CCT) | 14.1% | 13.1% | 13.9% | 12.8% | 11.5% |
| Hornby ($HRN) | 7.4% | -17.3% | -11.9% | -16.4% | |
| Lightwaverf ($LWRF) | | -43.8% | -15.2% | -65.8% | |
| |
|---|
| Median (4 companies) | 14.1% | -6.6% | -2.4% | -1.8% | 11.5% |
|---|
| Lg Electronics Inc ($39IB) | 5.5% | 5.6% | 6.9% | 7.7% | |
Top companies by CAPEX/Revenue, %
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Konami Corp ($KNM) | 11.8% | 7.6% | 6.5% | 7.4% | |
| Hornby ($HRN) | 7.0% | 5.8% | 3.7% | 4.6% | |
| Lightwaverf ($LWRF) | | 0.3% | 0.9% | 2.1% | |
| Character Group ($CCT) | 0.4% | 0.2% | 0.2% | 0.3% | 0.4% |
| |
|---|
| Median (4 companies) | 1.8% | 1.7% | 2.3% | 3.4% | 0.4% |
|---|
| Lg Electronics Inc ($39IB) | 3.1% | 3.6% | 4.2% | 5.2% | |
Top companies by ROIC, %
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Character Group ($CCT) | 37.3% | 33.7% | 29.9% | 23.5% | 21.1% |
| Konami Corp ($KNM) | 6.6% | 10.4% | 15.0% | 17.5% | |
| Hornby ($HRN) | 0.5% | -36.6% | -28.0% | -32.5% | |
| Lightwaverf ($LWRF) | | -71.4% | -63.2% | -85.2% | |
| |
|---|
| Median (4 companies) | 16.6% | -12.1% | -6.5% | -7.5% | 21.1% |
|---|
| Lg Electronics Inc ($39IB) | 5.8% | 6.5% | 11.3% | 11.0% | |
Top companies by Net Debt / EBITDA
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Character Group ($CCT) | -0.3x | -0.4x | -0.7x | -1.1x | -0.5x |
| Konami Corp ($KNM) | -0.6x | -1.4x | -2.0x | -2.2x | |
| |
|---|
| Median (2 companies) | -0.3x | -0.4x | -0.9x | -1.7x | -0.5x |
|---|
| Lg Electronics Inc ($39IB) | 2.0x | 1.8x | 1.4x | 1.4x | |
