LG Energy Solution, or LGES, reported a robust third-quarter recovery from the prior year's stagnation. Revenue surged 59% year-over-year, while operating profit, including one-off customer volume compensation, increased 26%.
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.
Profitability of EV batteries might not improve as expected due to price competition, high upfront costs, and lower production yields.
Metric | 373220 | 03931 | 006400 |
|---|---|---|---|
Price/Earnings (Normalized) | — | 10.78 | — |
Price/Book Value | 3.40 | 0.53 | 1.55 |
Price/Sales | 2.93 | 0.38 | 2.37 |
Price/Cash Flow | 16.94 | 2.39 | 18.14 |
Metric | 373220 | 03931 | 006400 |
|---|---|---|---|
Quick Ratio | 0.74 | 0.56 | 0.42 |
Current Ratio | 1.22 | 0.78 | 0.77 |
Interest Coverage | −0.16 | 3.98 | 0.18 |
Metric | 373220 | 03931 | 006400 |
|---|---|---|---|
Return on Assets (Normalized) | — | 2.08% | 0.30% |
Return on Equity (Normalized) | — | 8.49% | 0.59% |
Return on Invested Capital (Normalized) | — | 3.43% | 0.91% |
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