Lg energy solutions stock

LG Energy Solution Ltd. (373220.KS) is a South Korean company that provides energy solutions worldwide. The company offers automotive batteries, mobility and IT batteries, and energy storage systems. It operates in South Korea, China, and the United States. Here is the detailed analysis of LG Energy Solution Ltd. stock:

1. Financial Performance: LG Energy Solution Ltd. reported a consolidated revenue of KRW 33.7 trillion and an operating profit of KRW 2.2 trillion in 2023, marking an on-year increase of 31.8% and 78.2%, respectively. The company's current revenue (TTM) is $24.01 billion, with a 7.08% operating margin as of June 2024.
2. Market Position: The company has achieved high annual revenue growth of over 30% for two consecutive years by actively responding to strong market demand in North America. It has successfully generated an 78% on-year increase in annual operating profit by improving profitability through cost reduction and yield/productivity improvement.
3. Stock Price and Market Capitalization: As of July 2024, LG Energy Solution Ltd. has a market cap of $58.69 billion, making it the world's 328th most valuable company by market cap. The stock price is currently at 348,000 Korean won.
4. Recent Developments: The company has secured a $250 million investment from Liontown Resources and has been involved in various partnerships and investments in the electric vehicle (EV) battery sector, such as with General Motors (GM) and Toyota. It has also faced health and safety violations at a joint-venture battery plant in Ohio.
5. Future Outlook: LG Energy Solution Ltd. aims to pursue qualitative growth by securing technology leadership, cost competitiveness, and future readiness. The company's guidance forecasts a mid-single digit percent increase in annual revenue with consistent capital expenditure.

In conclusion, LG Energy Solution Ltd. (373220.KS) is a rapidly growing company in the EV battery sector with a strong market position in North America. Its financial performance and market capitalization reflect its success, and its future outlook appears promising with strategic investments and a focus on technological advancements. However, investors should consider the potential risks associated with the industry and the company's ongoing operational challenges.