Home
<p>Somewhere along this line, we begin to live in the future. </p><p><br></p><p>When I was young, the cathode photoelectric tube TV was still the product of the time, although almost everyone has TV so far, they are huge furniture and the screen is relatively small. </p><p>This is basically shown in your home. Compared with today, our house is full of thin <a href="/cog-lcd-screen" rel="noopener noreferrer" target="_blank">LCD screens</a>, Desktop computers, TV sets, tablets, laptops, mobile phones, car GPS devices, and more. </p><p><br></p><p>Just a cursory look at my bedroom will find no less than six LCD monitors, and I'm sure I'm not an outsider in this regard. </p><p>This is a huge digital world, and it has always become more and more important. </p><p>It's no coincidence that parents are obsessed with "screen time" and how much time their children spend staring at the display every day. </p><p>This concern reflects a reality in which we have at least one monitor in our field of view for most of our waking hours. </p><p><br></p><p>Today, we will focus on the core of this amazing LCD market, LG Display Co. (NYSE:LPL).</p><p><br></p><p>South Korea-</p><p><br></p><p>The Leviathan control in the first quarter was no less than 27. </p><p>The world\'s largest<a href="/products" rel="noopener noreferrer" target="_blank"> LCD and OLED display</a> market accounts for 3%. </p><p>When people hear the name LG, they tend to go to huge LG Electronics (LG)</p><p>A company that produces all kinds of household equipment from mobile phones to washing machines. </p><p>LG Display is a different animal that does not sell anything directly to consumers. </p><p>Instead, they produce LCD and OLED displays and sell them to manufacturers like LG Electronics to invest in the devices we end up buying. </p><p>As unsurpringly expected, LG Electronics is a big customer of LG Display, but they have a lot of other customers, including Apple (NASDAQ:AAPL), Dell and NEC. </p><p>In fact, LG Display has too many customers to name, and none of them</p><p>Include a list made public at any rate. </p><p>It can be said that if you look at any of the four random LCD displays, they are likely to be at least one of them. </p><p>While some large electronics manufacturers are indeed huge customers of LG displays, the fact is that the company is not only the market leader in the manufacturing of the overall LCD display, and it has this advantage in all types of devices. </p><p><br></p><p>This is a series of impressive products. </p><p>There is a lot of competition in LCD, but LG Display is such a big market leader that they will always be involved in discussing every big contract from every big equipment manufacturer. </p><p>This is the market leadership that most companies envy. </p><p>But the price is cheap: While you can usually expect market leaders like this to get a decent premium, LG Display is actually trading at a discount below its book value of $13. </p><p>The previous Q1 version was 56 per share. </p><p>The balance sheet is rock-solid with a lot of cash and deposits on hand to pay for their business. </p><p>The most attractive part of the balance sheet, however, is $1. </p><p>The actual sales value of 87 billion of the inventory seems to be significantly lower than this figure. </p><p>According to the release of the company, taking into account the company\'s strong gross profit margin, inventory is always expressed at manufacturing costs, 19. </p><p>3% as of the previous quarter, we can expect that they will gain more from their inventory than they are listed on the list. </p><p>A big drag on the popularity of the LG display market is that the retail price of LCD monitors has been falling for many years. </p><p>As sales increase, the company makes up for some of the loss of revenue, which is why we have so many monitors all over the world. </p><p>One more important thing to keep in mind, though: as you can see, despite the fact that prices have reduced revenues, manufacturing costs have fallen faster, allow LG Display to make higher profits in these sales. </p><p>Calculated at the current price and diluted EPS, 2014 PE is negligible. 61. </p><p><br></p><p>FY's 2015 and FY's 2016 expectations are a slight increase in revenue, which should mean PE will enter a more sparse PE ratio as profit margins increase. </p><p>Conclusion while LG Display may raise the dividend from 1 point. </p><p>At present, the rate of return is 7%. The number does not lie: this is an excellent value company. </p><p>In fact, it is also a huge leader in a very important market, and it is just a value company. </p><p>Concerns about the declining cost of LCD monitors are largely unfounded, as manufacturing costs are also falling rapidly, and LG monitors should have a big profit in the future. </p><p>The only real question is how long it will take for the market to notice how undervalued they are for the company. </p><p><br></p><p>Disclosure: The author does not hold any positions in any of the stocks mentioned, and does not have a plan to start any positions within the next 72 hours. </p><p>The author wrote this article himself and expressed his views. </p><p>The author was not compensated (</p><p>In addition to Seeking Alpha). </p><p>The author has no business relationship with any company mentioned in this article.</p>
products
