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LG Energy Solution Ltd 373220

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Stock XKRX Rating as of
₩371,000.00 +10,500.00 (2.91%)
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Largest Korean Battery Producer Expanding in American Market; Positive Outlook Mostly Priced In

Vincent Sun

LG Energy Solution was spun off from LG Chem’s battery subsidiary in December 2020 and listed on the Korea Exchange in January 2022. LG Chem retains around an 82% share of LGES. The company is one of the top lithium-ion rechargeable battery suppliers globally. It is the third-largest global battery maker for electric vehicles with 9% share by shipment in 2025, according to SNE Research. Customers include many leading automakers such as Tesla, General Motors, Volkswagen, and Hyundai.

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Price vs Fair Value

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373220 is trading at a LOCK|<v!&&jm premium.
Price
₩370,999.97
Fair Value
LOCK|@RV^#
Uncertainty
LOCK|&%
1-Star Price
LOCK|#P?rl
5-Star Price
LOCK|Tw<!
Economic Moat
LOCK|hj
Capital Allocation
LOCK|P!<$>Z

Bulls Say, Bears Say

Bulls

Owing to robust demand, the EV battery business should reach at least a high-single-digit operating margin in the near term and continue to drive the company's margin expansion.

Bears

Profitability of EV batteries might not improve as expected due to price competition, high upfront costs, and lower production yields.

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News

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Trading Information

Previous Close Price
₩360,500.00
Day Range
₩357,500.00–372,000.00
52-Week Range
₩290,500.00–522,000.00
Bid/Ask
₩370,500.00 / ₩371,000.00
Shares Outstanding
234.00M
Market Cap
₩86.81T
Volume/Avg
210,285 / 308,347

Key Statistics

Price/Earnings (Normalized)
—
Price/Sales
3.25
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
—

Company Profile

LG Energy Solution is the third-largest battery maker for electric vehicles with about 9% global share in 2025, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for about 60% of total revenue in 2025. LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem’s battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland, and the US. Key customers include General Motors, Tesla, Volkswagen, Hyundai, and Stellantis.
Sector
Industrials
Industry
Electrical Equipment & Parts
Stock Style Box
Large Core
Total Number of Employees
12,644
Website
https://www.lgensol.com

Competitors

Valuation

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Metric
373220
03931
006400
Price/Earnings (Normalized)
 —14.08—
Price/Book Value
 3.780.711.67
Price/Sales
 3.250.502.57
Price/Cash Flow
 18.823.1219.62
Price/Earnings
373220
03931
006400

Financial Strength

Metric
373220
03931
006400
Quick Ratio
 0.740.560.42
Current Ratio
 1.220.780.77
Interest Coverage
 −0.163.980.18
Quick Ratio
373220
03931
006400

Profitability

Metric
373220
03931
006400
Return on Assets (Normalized)
 −0.29%2.08%0.30%
Return on Equity (Normalized)
 −0.98%8.49%0.59%
Return on Invested Capital (Normalized)
 0.70%3.43%0.91%
Return on Assets
373220
03931
006400

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