LG Energy Solution

LG Energy IPO - Valuation

Equity Capital Markets
306 Views, 04 Jan 2022 08:46
EXECUTIVE SUMMARY
  • LG Energy is being benchmarked against CATL for its IPO valuation and we believe this is incorrect.
  • CATL’s position within China’s supply chain and LFP technology should drive a significant premium against other North Asian peers in our view. 
  • If LG Energy were to simply be benchmarked against Samsung SDI it starts to look expensive and while a premium may be reasonable we do not consider it a given.
detail (6-minute read)
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Mio Kato
Japan/Asia Long-Short
LightStream Research
JapanEquity Bottom-UpEquity Capital Markets

Over 15 years analysing Japanese and Asian stocks from a long/short perspective I focus on cyclically driven sectors su... 

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