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Largest Electrical Parts & Equipment Public Companies in South Korea
Benchmark revenue and EBITDA valuation multiples for public comps like
LG Energy Solution, Samsung SDI, HD Hyundai Electric, Ecopro and LS.
 | LG Energy Solution is the third-largest battery maker for electric vehicles with about 11% global share in 2024, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for more than 60% of total revenue in 2024. LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem’s battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland, and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai, and Stellantis. | $276 | +38% | $65B | $78B | 4.7x | 23.7x | ||
| Samsung SDI is one of the top suppliers of lithium-ion rechargeable batteries, providing cylindrical batteries for consumer electronics products such as laptops, polymer rechargeable batteries for smartphones and tablets, and has been focusing its resources to establish its footprint on automotive rechargeable batteries. The company is the second-largest supplier of batteries for consumer electronics products, and the seventh player in automotive batteries. The company also offers electronic materials for semiconductors and flat-panel displays, making it an important internal supplier for Samsung Electronics. | $393 | +240% | $31B | $37B | 4.1x | 54.4x | ||
| HD Hyundai Electric is a manufacturer and supplier of electrical equipment. It supplies a wide range of electrical equipment, including power and distribution transformers, gas-insulated systems, MV/LV switchgears, motors, generators, and circuit breakers. The company also delivers marine electrical solutions and energy storage systems, and offers eco-focused products under its GREENTRIC line, such as SF6-free equipment and high-efficiency motors. | $653 | +91% | $23B | $23B | 8.2x | 31.5x | ||
| Ecopro Co Ltd is engaged in the battery materials business, mainly serving the lithium-ion battery industry. The company operates through two reportable segments: Battery Materials business and Other business. The Battery Materials business segment focuses on cathode materials, the core components used in lithium-ion batteries, and also covers precursors, lithium, and recycling activities related to the cathode materials business. | $84 | +177% | $11B | $13B | 5.9x | 158.7x | ||
| LS Corp is a holding company. It develops electric power transmission and telecommunication, energy, materials, automation and machinery, and components. | $285 | -- | $8B | $14B | 0.6x | 13.3x | ||
| Daejoo Electronic Materials Co Ltd manufactures and markets various materials for electronic components in South Korea. Its products include conductive paste, solar-cell paste, phosphor, polymer materials, lithium-ion battery anode materials, metal powder, glass materials, OLED materials, and graphene. | $85 | +76% | $1B | $1B | 8.4x | 45.0x | ||
| SK Ie Technology Co Ltd is a material service provider. Its business of Lithium-ion Battery Separator develop separators, a key component in lithium-ion batteries, by applying chemical technologies. The company's Flexible Cover Window is a material, consisting of transparent Pl film and hard coat, to replace the glass cover window of foldable phones, IT devices, and automotive displays. | $12 | -32% | $1B | $2B | 10.3x | (26.7x) | ||
| Korea Electric Terminal Co Ltd is a part of the electronic goods industry. The company engages in manufacturing connectors, which are an essential part of various electronic appliances. Its products are used in automobiles, light-emitting diodes, and other electronic products. Its products include automotive connectors for electrical systems in the automobile, connectors used for home appliances and LED frames. The product portfolio includes PCB connector, Joint connector, Terminal, Lighting connector, Mobile connector, Airbag sensor, LVDS connector, and others. | $50 | +15% | $510M | $360M | 0.4x | 2.5x | ||
| Sungwoo Hitech Co Ltd is a Korea based company engaged in the manufacturing, supply, and distribution of automobile parts and components. It offers products such as bumper rails, side members, fender apron completes, center floor completes, hood assemblies, dash completes, floor panel components, package-tray centers, inner lower, side sills, and others. The business activity of the group is primarily functioned through Korea and it also holds branches in the region of China, India, Germany, Russia, Slovakia, the Czech Republic and Uzbekistan. | $5 | +17% | $364M | $1B | 0.5x | 3.7x | ||
| Median | $85 | +57% | $8B | $13B | 4.7x | 23.7x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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