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LG Chem (051910) KRW

LG Chem is a South Korean chemical manufacturer producing a wide range of petrochemical products, including synthetic resins, plastics, rubber, and specialty materials such as battery components and advanced materials.

At a glance: strengths & risks
Revenue growing (+19% y/y, Q2 2026)Margins improving (12%→15%, Q2 2026)Loss-making last FYHigh leverage (5.1x EBITDA)

Sector: Chemicals & batteries

KR_051910

Price chart

273 000 KRWDay -2.67%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
273 000 KRW · -2.67%
Market cap
19271.7 bn KRW

Growth

Δ revenue y/y
19.0%
Δ EBITDA y/y
24.0%

Multiples

P/E (LTM)
P/B (FY)
0.4x
P/E (ann.)
42.5x
EV/EBITDA (LTM)
7.3x
EV/EBITDA (ann.)
5.6x

Cash return

Dividend yield
0.7%
FCF yield (LTM)
-30.0%

Liquidity

Daily turnover (listing)
53.4 bln KRW

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in T KRW, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueT KRWOperating profitT KRWD&AT KRWEBITDAT KRWNet profitT KRWOperating CFT KRWCapex + M&AT KRWAssetsT KRWEquityT KRWROE (annualized)Net debtT KRWSource
2026-06-30Q2 2026 (3M)OK14.2
y/y 19.0%
0.6
y/y 25.8%
1.6
y/y 23.3%
2.2
y/y 24.0%
0.1
y/y
1.3-2.0112.2
y/y 19.4%
48.9
y/y 9.6%
0.9%29.2DART
2026-03-31Q1 2026 (3M)OK12.2
y/y 0.6%
0.0
y/y -111.4%
1.5
y/y 22.2%
1.4
y/y -13.1%
-0.3
y/y
-0.2-2.3105.7
y/y 11.1%
48.1
y/y -0.0%
-2.9%27.1DART
2025-12-31Q4 2025 (3M)OK11.2
y/y -8.8%
-0.4
y/y -58.3%
1.4
y/y
1.0
y/y 491.2%
-1.4
y/y -32.4%
2.5-3.0101.1
y/y 7.7%
47.1
y/y -1.9%
-3.9%23.9DART
2025-09-30Q3 2025 (3M)OK11.2
y/y -11.3%
0.7
y/y 38.9%
1.3
y/y
2.0
y/y 309.5%
0.1
y/y -78.1%
2.5-3.198.5
y/y 10.9%
46.2
y/y 1.3%
0.4%25.0DART
2025-06-30Q2 2025 (3M)OK11.9
y/y -2.7%
0.5
y/y 21.5%
1.3
y/y 17.3%
1.8
y/y 18.4%
-0.4
y/y
1.3-3.694.0
y/y 11.6%
44.6
y/y 0.7%
-3.7%23.4DART
2025-03-31Q1 2025 (3M)OK12.2
y/y 4.8%
0.4
y/y 65.4%
1.2
y/y 13.2%
1.7
y/y 23.5%
-0.1
y/y -178.7%
1.9-4.195.1
y/y 15.8%
48.1
y/y 11.4%
-0.9%22.5DART
2024-12-31Q4 2024 (3M)OK12.3
y/y -6.5%
-0.3
y/y -205.5%
y/y 18.3%
-0.3
y/y -205.5%
-1.1
y/y -1196.0%
4.2-4.093.9
y/y 21.2%
48.0
y/y 17.2%
-1.5%19.5DART
2024-09-30Q3 2024 (3M)OK12.6
y/y -6.5%
0.5
y/y -43.1%
y/y
0.5
y/y -43.1%
0.5
y/y 29.6%
0.8-3.588.8
y/y 14.6%
45.6
y/y 10.3%
1.6%19.3DART
2024-06-30Q2 2024 (3M)OK12.2
y/y -14.6%
0.4
y/y -36.5%
1.1
y/y
1.5
y/y 140.2%
-0.3
y/y -160.4%
1.5-3.384.2
y/y 16.1%
44.3
y/y 11.8%
-2.9%17.6DART
2024-03-31Q1 2024 (3M)OK11.6
y/y -18.7%
0.3
y/y -67.1%
1.1
y/y
1.3
y/y 66.9%
0.1
y/y -71.2%
0.5-4.082.1
y/y 15.8%
43.2
y/y 12.4%
1.3%15.4DART
2023-12-31Q4 2023 (3M)OK13.1
y/y
0.2
y/y
y/y
0.2
y/y
-0.1
y/y
3.4-3.777.5
y/y
40.9
y/y
3.3%12.8DART
2023-09-30Q3 2023 (3M)OK13.5
y/y
0.9
y/y
y/y
0.9
y/y
0.4
y/y
1.7-3.377.5
y/y
41.4
y/y
1.4%13.0DART
2023-06-30Q2 2023 (3M)OK14.3
y/y
0.6
y/y
y/y
0.6
y/y
0.5
y/y
2.0-2.772.5
y/y
39.6
y/y
5.4%12.4DART
2023-03-31Q1 2023 (3M)OK14.3
y/y
0.8
y/y
y/y
0.8
y/y
0.5
y/y
0.5-3.470.9
y/y
38.4
y/y
11.1DART

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)11 603 156
Long-term debt (incl. LT leases)28 686 069
− Cash & equivalents11 086 639
Net debt29 202 586

Net debt / LTM EBITDA: 4.4x

Revenue & EBITDA

RevenueEBITDA

Quarterly values (KRW mln)

-5 000 00005 000 00010 000 00015 000 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-400%-200%0%200%400%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF (KRW mln)

-6 000 000-4 000 000-2 000 00002 000 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash (KRW mln)

010 000 00020 000 00030 000 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Worth a look
In a typical year of 2021–2025 operating cash flow came to 1.50x of reported net profit; after capex, -4.17x. Loss years (2024, 2025) are left out of the ratio.
year20212022202320242025
cash flow / profit1.50x0.31x5.63x
accruals, % of assets1.9%-8.0%-8.2%-10.0%
net debt / EBITDA 5.1x · capex 2.8x of depreciation
Net debt / EBITDA 5.1x at the last full year.
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth -6% vs -12% the year before — a +6.2 pp move. 3-year CAGR -3%.
revenue growth by year: 2023 +8% · 2024 -12% · 2025 -6%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-03-302 000 KRWEx-dividend: 2 000 KRW per sharePaidYahoo Finance (ex-div)
2025-03-281 000 KRWEx-dividend: 1 000 KRW per sharePaidYahoo Finance (ex-div)
2023-12-273 500 KRWEx-dividend: 3 500 KRW per sharePaidYahoo Finance (ex-div)
2022-12-2810 000 KRWEx-dividend: 10 000 KRW per sharePaidYahoo Finance (ex-div)
2021-12-2912 000 KRWEx-dividend: 12 000 KRW per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of LG Chem (051910) — from primary filings.

Frequently asked questions

What is LG Chem (051910)'s EV/EBITDA?
LG Chem (051910) trades at 7.3x EV/EBITDA.
What is LG Chem (051910)'s P/B ratio?
LG Chem (051910) trades at a P/B of 0.4x.
What is LG Chem (051910)'s dividend yield?
LG Chem (051910)'s trailing 12-month dividend yield is 0.7%.
What is LG Chem (051910)'s return on equity (ROE)?
LG Chem (051910)'s ROE is 0.9%.
What is LG Chem (051910)'s market capitalization?
LG Chem (051910)'s market cap is 19271.7 bn KRW.

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