Financials LG Chem, Ltd.

Equities

A051910

KR7051910008

Commodity Chemicals

End-of-day quote Korea S.E. Other stock markets 09/12/2025			5-day change	1st Jan Change
379,500.00 ^KRW	-1.81%		+2.15%	+51.80%

11-28	LG Energy Solution Shares Slump After Parent Plans to Cut Stake	DJ
11-28	Lg Energy Solution Shares Drop 4.1% After Parent Lg Chem Announces Shareholder Return Plan	RE

Projected Income Statement: LG Chem, Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	30,057	42,655	51,865	55,250	48,916	46,390	51,982	59,446
Change	-	41.91%	21.59%	6.53%	-11.46%	-5.16%	12.06%	14.36%
EBITDA ¹	4,665	7,866	6,392	6,487	5,589	7,135	9,742	12,485
Change	-	68.63%	-18.75%	1.49%	-13.84%	27.67%	36.53%	28.16%
EBIT ¹	2,353	5,025	2,996	2,529	916.8	1,676	3,416	6,137
Change	-	113.56%	-40.39%	-15.57%	-63.75%	82.81%	103.83%	79.64%
Interest Paid ²	-692,117	-135,257	-37,780	-330,385	-601,230	-932,043	-874,756	-925,188
Earnings before Tax (EBT) ¹	1,503	4,891	2,813	2,498	-268.1	837.4	2,696	4,997
Change	-	225.34%	-42.49%	-11.18%	-110.73%	412.4%	221.95%	85.36%
Net income ¹	916.9	3,670	1,845	1,338	-690.9	-78.76	1,089	2,372
Change	-	300.26%	-49.71%	-27.5%	-151.64%	88.6%	1,482.76%	117.81%
Announcement Date	27/01/21	08/02/22	31/01/23	19/01/24	20/01/25	-	-	-

¹KRW in Billions²KRW in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	8,886	9,650	11,456	10,610	10,949	11,608	12,240	14,178	13,852	14,486	14,542	13,495	13,135	11,609	12,300	12,670	12,337	12,171	11,418	11,196	11,044	11,090	11,676	12,612	13,127	17,378	17,902	18,230
Change	-	8.6%	18.72%	-7.38%	3.19%	6.02%	5.44%	15.83%	-2.29%	4.58%	0.38%	-7.2%	-2.67%	-11.61%	5.95%	3.01%	-2.63%	-1.34%	-6.19%	-1.94%	-1.36%	0.42%	5.29%	8.02%	4.08%	32.38%	3.02%	1.83%
EBITDA ¹	1,310	2,036	2,828	1,466	1,534	-	1,697	1,777	1,099	-	1,597	1,860	1,309	1,342	1,562	1,649	1,027	-	1,715	1,992	1,114	1,714	1,889	2,231	2,682	3,014	3,494	3,542
Change	-	55.41%	38.9%	-48.16%	4.65%	-	-	4.7%	-38.14%	-	-	16.47%	-29.61%	2.47%	16.42%	5.57%	-37.72%	-	-	16.15%	-44.1%	53.93%	10.21%	18.1%	20.22%	12.37%	15.94%	1.37%
EBIT ¹	673.6	1,408	2,231	726.6	748.4	1,024	878.5	901.2	191.3	791	615.6	860.4	247.4	264.6	405.9	498.4	-252	447	476.8	679.7	-157.9	474	635.7	842.2	1,061	1,022	1,041	1,242
Change	-	109.05%	58.42%	-67.43%	3%	36.86%	-14.24%	2.59%	-78.77%	313.54%	-22.18%	39.78%	-71.24%	6.95%	53.37%	22.79%	-150.58%	277.34%	6.67%	42.56%	-123.22%	400.27%	34.11%	32.49%	25.93%	-3.61%	1.82%	19.32%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	168	1,427	2,302	737.5	511.7	1,024	942.8	925.8	-79.33	916	780.5	576.2	217.8	323.3	187.3	378.3	-1,157	443.9	-184.8	457.1	-308.4	363.6	528.6	717.3	832.4	895.5	914.1	1,115
Change	-	749.2%	61.38%	-67.97%	-30.61%	100.02%	-7.89%	-1.8%	-108.57%	1,254.72%	-14.8%	-26.17%	-62.2%	48.44%	-42.08%	102.02%	-405.82%	138.37%	-141.63%	347.38%	-167.47%	217.88%	45.39%	35.71%	16.05%	7.58%	2.08%	22%
Net income ¹	1.21	1,307	1,556	610.1	262.7	688.2	659.3	614.4	-116.5	474.2	524.9	420.2	-81.44	136.7	-316.9	544.7	-1,055	-107.6	-434.3	119.4	-273.8	-12	211	433	539	-	-	-
Change	-	107,891.9%	19.1%	-60.79%	-56.95%	161.98%	-4.19%	-6.82%	-118.97%	506.93%	10.69%	-19.94%	-119.38%	267.89%	-331.75%	271.91%	-293.76%	89.81%	-303.78%	127.49%	-329.32%	95.62%	1,858.33%	105.21%	24.48%	-	-	-
Announcement Date	27/01/21	28/04/21	29/07/21	25/10/21	08/02/22	27/04/22	27/07/22	31/10/22	31/01/23	26/04/23	27/07/23	30/10/23	19/01/24	30/04/24	24/07/24	28/10/24	20/01/25	30/04/25	07/08/25	31/10/25	-	-	-	-	-	-	-	-

¹KRW in Billions

Estimates

Forecast Balance Sheet: LG Chem, Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	6,912	11,005	7,467	12,843	19,308	22,863	25,056	23,208
Change	-	59.22%	-32.15%	72%	50.34%	18.41%	9.59%	-7.38%
Announcement Date	27/01/21	08/02/22	31/01/23	19/01/24	20/01/25	-	-	-

¹KRW in Billions

Estimates

Cash Flow Forecast: LG Chem, Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	5,300	5,774	8,406	12,960	14,615	12,009	9,246	7,889
Change	-	8.94%	45.6%	54.17%	12.77%	-17.83%	-23%	-14.68%
Free Cash Flow (FCF) ¹	305,041	-263,777	-7,836,408	-5,423,429	-7,602,524	-5,594,667	-2,641,736	1,494,433
Change	-	-186.47%	-2,870.85%	30.79%	-40.18%	26.41%	52.78%	156.57%
Announcement Date	27/01/21	08/02/22	31/01/23	19/01/24	20/01/25	-	-	-

¹KRW in Million

Estimates

Forecast Financial Ratios: LG Chem, Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	15.52%	18.44%	12.32%	11.74%	11.43%	15.38%	18.74%	21%
EBIT Margin (%)	7.83%	11.78%	5.78%	4.58%	1.87%	3.61%	6.57%	10.32%
EBT Margin (%)	5%	11.47%	5.42%	4.52%	-0.55%	1.81%	5.19%	8.41%
Net margin (%)	3.05%	8.6%	3.56%	2.42%	-1.41%	-0.17%	2.09%	3.99%
FCF margin (%)	1,014.86%	-618.4%	-15,109.27%	-9,816.2%	-15,541.97%	-12,060.07%	-5,081.98%	2,513.94%
FCF / Net Income (%)	33,270.36%	-7,187.8%	-424,654.01%	-405,395.45%	1,100,453.06%	7,103,705.38%	-242,578.82%	63,003.11%
Profitability
ROA	2.88%	7.9%	3.1%	1.84%	0.6%	1.39%	2.02%	3.48%
ROE	5.94%	18.83%	7.24%	5.24%	-2.11%	-0.06%	3.08%	6.34%
Financial Health
Leverage (Debt/EBITDA)	1.48x	1.4x	1.17x	1.98x	3.45x	3.2x	2.57x	1.86x
Debt / Free cash flow	0.02x	-0.04x	-0x	-0x	-0x	-0x	-0.01x	0.02x
Capital Intensity
CAPEX / Current Assets (%)	17.63%	13.54%	16.21%	23.46%	29.88%	25.89%	17.79%	13.27%
CAPEX / EBITDA (%)	113.61%	73.4%	131.52%	199.79%	261.49%	168.3%	94.91%	63.19%
CAPEX / FCF (%)	1.74%	-2.19%	-0.11%	-0.24%	-0.19%	-0.21%	-0.35%	0.53%
Items per share
Cash flow per share ¹	76,003	78,467	8,111	96,274	89,586	96,894	100,973	131,613
Change	-	3.24%	-89.66%	1,086.99%	-6.95%	8.16%	4.21%	30.34%
Dividend per Share ¹	10,000	12,000	10,000	3,500	1,000	987.2	3,091	3,986
Change	-	20%	-16.67%	-65%	-71.43%	-1.28%	213.06%	28.98%
Book Value Per Share ¹	235,644	308,946	447,618	456,035	471,498	447,747	462,174	495,171
Change	-	31.11%	44.89%	1.88%	3.39%	-5.04%	3.22%	7.14%
EPS ¹	11,926	47,108	23,670	17,086	-8,826	-1,203	14,081	29,889
Change	-	295%	-49.75%	-27.82%	-151.66%	86.37%	1,270.32%	112.26%
Nbr of stocks (in thousands)	77,086	77,891	77,908	78,275	78,275	78,275	78,275	78,275
Announcement Date	27/01/21	08/02/22	31/01/23	19/01/24	20/01/25	-	-	-