# LG Household & Healthcare (051900.KO)

Canonical: https://gigainvestors.com/s/051900.KO

Analysis as of: 2026-10-16T07:38:49.097Z. Financial observations: FY2002–FY2025.

Listing currency: KRW. Reporting currency: KRW.

## Verdict

Not a wonderful business

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: KRW 269,000.00 per share; close as of 2026-10-15.

Estimated value: low KRW 262,362.91 per share, central KRW 286,835.52 per share, high KRW 319,413.75 per share. Buy at or below the central value KRW 286,835.52 per share. Valuation as of 2026-10-16T07:38:49.097Z; scenarios are not confidence intervals.

Expected annual return: 10.7% at the stated quote. About 10.7% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; KR 10-year bond 4.2% + 4 points).

## Checklist

### understandable: fail

- 4 revenue declines in the last 10 years (informational)

- operating margin variation exceeds 0.35

- Financial history: 10 years

- Years with declining revenue: 4

- Years with a net loss: 1

- Operating margin variation: 0.40×

Chart: Operating margin; fiscal year observations.

- FY2016: 0.14×

- FY2017: 0.15×

- FY2018: 0.15×

- FY2019: 0.15×

- FY2020: 0.18×

- FY2021: 0.16×

- FY2022: 0.10×

- FY2023: 0.07×

- FY2024: 0.07×

- FY2025: 0.03×

### moat: fail

- ROIC worst years below threshold (more than 1 bad year allowed)

- Recent gross margin fell 10.6pp below the typical margin (limit 4pp)

- ROIC, median of available years: 19.1%

- ROIC, second-lowest year: 7.7%

- Typical minus recent gross margin: 10.6 pp

- Typical gross margin (annual median): 60.0%

- Recent gross margin (lower of latest and 3-year median): 49.5%

- Years with nonpositive capital: 0

- Capital spending / revenue: 4.1%

- ROIC including acquisitions, ten-year median: 9.2%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2016: 30.4%

- FY2017: 26.9%

- FY2018: 27.3%

- FY2019: 26.3%

- FY2020: 15.1%

- FY2021: 23.1%

- FY2022: 11.1%

- FY2023: 8.0%

- FY2024: 7.7%

- FY2025: 3.6%

### economics: fail

- incremental invested capital return below threshold

- Owner earnings / net income, 5-yr: 1.23×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: KRW 1.61T

- Net income, five-year total: KRW 1.31T

- Return on incremental invested capital: -34.6%

- Working capital / revenue, annual change: 0.5 pp

- Working capital / revenue, change between three-year averages: 4.1 pp

- Working capital / revenue, final three-year average: 17.7%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2021: 0.95×

- FY2022: 1.38×

- FY2023: 1.47×

- FY2024: 1.36×

- FY2025: -0.13×

### management: fail

- Historical market-dollar context (not the management verdict): 2016 to 2025 (9 years)

- buybacks unrelated to price (informational)

- ROIC first 3 years vs last 3 years: 27.3% vs 7.7%

- Per-share earnings: 36220.69 to 8513.00 (three-year endpoint medians)

- per-share value declined or ends nonpositive

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 5-year annual growth: 2.7%

- Market cap gain: KRW -10.03T

- Cumulative retained earnings: KRW 3.00T

- Diluted shares, 5-year annual growth: 2.7%

- $1 test, starting fiscal year: FY2016

- $1 test, ending fiscal year: FY2025

- Per-share value growth: -18.7%

- Per-share value change: KRW -28K

- Per-share value, starting three-year median: KRW 36K

- Per-share value, ending three-year median: KRW 9K

- Buybacks concentrated in cheaper years (correlation): -1.00

- Average buyback yield: 0.1%

- Buyback history: 2 years

- Debt-funded buybacks: No

- Acquisition spending: KRW 1.67T

- Cumulative net income, 10 years: KRW 4.57T

- ROIC, first three-year median: 27.3%

- ROIC, last three-year median: 7.7%

Chart: Earnings per share; fiscal year observations.

- FY2016: KRW 34K

- FY2017: KRW 36K

- FY2018: KRW 41K

- FY2019: KRW 46K

- FY2020: KRW 42K

- FY2021: KRW 58K

- FY2022: KRW 14K

- FY2023: KRW 9K

- FY2024: KRW 11K

- FY2025: KRW -6K

### accounting: pass

- Sloan accruals: -8.0%

- Receivables to sales index (DSRI): 0.91×

- Restructuring years, last five: 0

- Earnings backed by cash: Yes

- Accounting red flags: 0

- Goodwill and intangibles / equity: 0.33×

Chart: Sloan accruals; fiscal year observations.

- FY2016: -3.2%

- FY2017: -2.7%

- FY2018: -2.5%

- FY2019: -5.6%

- FY2020: -8.5%

- FY2021: -1.9%

- FY2022: -3.6%

- FY2023: -7.2%

- FY2024: -4.6%

- FY2025: -8.0%

## Holders

## Price story

Down 77% since Oct 2021 · sales -6.7%

Story as of 2026-10-16T10:00:10.248Z; price observation 2026-10-15.

Price needs cash profits to shrink 0.3% a year for ten years

### Sales · FY2024–2025

sales -6.7%; source https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/; observed 2026-10-16.

- FY2016: KRW 6.09T 

- FY2017: KRW 6.27T 

- FY2018: KRW 6.75T 

- FY2019: KRW 7.69T 

- FY2020: KRW 4.42T 

- FY2021: KRW 8.09T 

- FY2022: KRW 7.19T 

- FY2023: KRW 6.80T 

- FY2024: KRW 6.81T 

- FY2025: KRW 6.36T 

### Gross margin · FY2025

gross margin 49.5%; source https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/; observed 2026-10-16.

- FY2016: 60.1% 

- FY2017: 60.8% 

- FY2018: 60.0% 

- FY2019: 62.0% 

- FY2020: 60.5% 

- FY2021: 62.4% 

- FY2022: 55.9% 

- FY2023: 53.3% 

- FY2024: 52.3% 

- FY2025: 49.5% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in household & personal products; annual sales are KRW 6.4 trillion.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); FY2025: revenue 6355489977340; grossProfit 3144595005640; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); 051900.KO: LG H&H Co., Ltd. operates as cosmetics, household goods, and beverage company in South Korea and internationally. The company offers cosmetics under The History of Whoo, O HUI, SU:M37, belif, ISA KNOX, Sooryehan, CODE GLOKOLOR, VONIN, CAREZONE, The Saga of Xiu, BEYOND, CNP, CNP Rx, VDL, VDIVOV, Nature Collection, THEFACESHOP, fmgt, DR.Belmeur, Yehwadam, and BEAUTE brands; toothpaste, toothbrush, mouthwash, and whitening products under the Perioe, Bamboosalt, and REACH brands; hair care products, including shampoo, conditioner, and hair treatment products under the Elastine, Organist, ReEn, Dr. Groot, and Silk Therapy brands; and skin and body care products under the Veilment and Physiogel Hypoallergenic brands. It also provides fabric softeners under the Saffron, Saffron AURA, and Saffron Care brands; housekeeping solutions, such as baking soda, sodium percarbonate, and citric acid under the Han.Ip; detergent under the Pongpong, SAFE, TECH, SuperTie, and FiJi brands; bleach under the Oxygen Clean brand; home cleaning products under the Homestar brand; dishwashing under the Jayeonpong brand; fragrance under the Aura brand; baby care products under the Babience and method brands; pet care products under the Sirius brand; gift sets; and mini travel kits under the MINIS brand. In addition, the company offers sparking and bottled water, juices, tea and coffee, sports and energy drinks, and lifestyle beverages under the Coca-Cola, Coke Zero, Coca-Cola light, Fanta, SPRITE, SPRITE KINCIDER, SCHWEPPES, Dr.Pepper, CANADA DRY, Seagram's, Crushed pear cider, Minute Maid, Minute Maid Qoo, Minute Maid Joy, Sunkist, Gwailchon, Cocoplam, Crushed Pear, Bong Bong, GEORGIA, Mate Tea of the Sun, Secret W, Real Leaf, POWERADE, TORETA, Monster Energy, Guronsan, ViO DIAMOND, ViO DIAMOND EC, ViO Soonsoo, Pyeongchang Water, GLACEAU vitamin water, and GO:GOOD brands. It operates through stores. LG H&H Co., Ltd. was founded in 1947 and is headquartered in Seoul, South Korea.

### Why customers stay

Margins ranged from 49.5% to 53.3% during 2023–25; it earns 19.1% on its capital.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); FY2023: grossProfit / revenue = 53.3%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); FY2024: grossProfit / revenue = 52.3%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); FY2025: grossProfit / revenue = 49.5%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); 10-year return on capital observations [[2016,0.30385191342512213],[2017,0.26865214482960914],[2018,0.2734115006637684],[2019,0.2632204866259363],[2020,0.15107556850545784],[2021,0.23117401525209913],[2022,0.11132819016169596],[2023,0.07962444557642083],[2024,0.07740118467611064],[2025,0.036111835659177485]]; median 0.19112479187877848. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Where the cash goes

Paid dividends in 10 of 10 years; bought back KRW 8.3 billion of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); FY2016: growth capex 0; upkeep 339630431610; owner earnings 373805111950. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); FY2017: growth capex 0; upkeep 284206348480; owner earnings 451270844520. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); FY2018: growth capex 0; upkeep 356284941190; owner earnings 460831902610. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); FY2019: growth capex 75069169530; upkeep 251019934650; owner earnings 722802307170. Growth capex / owner earnings = 0.10385850845429587.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); FY2020: growth capex 0; upkeep 505743484070; owner earnings 198183368670. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); FY2021: growth capex 46840058460; upkeep 275047167950; owner earnings 802067495740. Growth capex / owner earnings = 0.05839914808763648.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); FY2022: growth capex 0; upkeep 157045694750; owner earnings 326494778490. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); FY2023: growth capex 0; upkeep 163513554370; owner earnings 209358708460. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); FY2024: growth capex 0; upkeep 147294355410; owner earnings 257944068660. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); FY2025: growth capex 0; upkeep 94630943960; owner earnings 12689421400. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); Dividend observations: [[2016,93332722620],[2017,133963959720],[2018,161724451870],[2019,158590520070],[2020,196413444790],[2021,186135519460],[2022,201164100100],[2023,97124600150],[2024,59751585990],[2025,97502110150]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); FY2025: cash repurchases 8316934500 KRW.

### Are managers owners

Insiders own 35.5% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); 051900.KO SharesStats.PercentInsiders = 35.499 percentage points; cache date 2026-10-16.

### What the price says

The price assumes cash profits shrink 0.3% yearly over ten years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:49.097Z); Ten-year compound average after fade. Initial solved rate -0.0164279544831838. Price 269000; FX 1; discount 0.1; same standard ten-year fade to terminal 0.03.  Closing-price date 2026-10-15.

## Monthly share-price history (KRW per share)

- 2016-10: KRW 820,000.00 per share

- 2016-11: KRW 787,000.00 per share

- 2016-12: KRW 857,000.00 per share

- 2017-01: KRW 879,000.00 per share

- 2017-02: KRW 878,000.00 per share

- 2017-03: KRW 811,000.00 per share

- 2017-04: KRW 866,000.00 per share

- 2017-05: KRW 983,000.00 per share

- 2017-06: KRW 994,000.00 per share

- 2017-07: KRW 991,000.00 per share

- 2017-08: KRW 960,000.00 per share

- 2017-09: KRW 936,000.00 per share

- 2017-10: KRW 1,177,000.00 per share

- 2017-11: KRW 1,173,000.00 per share

- 2017-12: KRW 1,189,000.00 per share

- 2018-01: KRW 1,177,000.00 per share

- 2018-02: KRW 1,100,000.00 per share

- 2018-03: KRW 1,208,000.00 per share

- 2018-04: KRW 1,370,000.00 per share

- 2018-05: KRW 1,343,000.00 per share

- 2018-06: KRW 1,396,000.00 per share

- 2018-07: KRW 1,210,000.00 per share

- 2018-08: KRW 1,265,000.00 per share

- 2018-09: KRW 1,276,000.00 per share

- 2018-10: KRW 1,044,000.00 per share

- 2018-11: KRW 1,160,000.00 per share

- 2018-12: KRW 1,101,000.00 per share

- 2019-01: KRW 1,265,000.00 per share

- 2019-02: KRW 1,246,000.00 per share

- 2019-03: KRW 1,417,000.00 per share

- 2019-04: KRW 1,422,000.00 per share

- 2019-05: KRW 1,278,000.00 per share

- 2019-06: KRW 1,313,000.00 per share

- 2019-07: KRW 1,257,000.00 per share

- 2019-08: KRW 1,179,000.00 per share

- 2019-09: KRW 1,307,000.00 per share

- 2019-10: KRW 1,261,000.00 per share

- 2019-11: KRW 1,265,000.00 per share

- 2019-12: KRW 1,261,000.00 per share

- 2020-01: KRW 1,258,000.00 per share

- 2020-02: KRW 1,221,000.00 per share

- 2020-03: KRW 1,120,000.00 per share

- 2020-04: KRW 1,386,000.00 per share

- 2020-05: KRW 1,370,000.00 per share

- 2020-06: KRW 1,346,000.00 per share

- 2020-07: KRW 1,371,000.00 per share

- 2020-08: KRW 1,473,000.00 per share

- 2020-09: KRW 1,448,000.00 per share

- 2020-10: KRW 1,500,000.00 per share

- 2020-11: KRW 1,514,000.00 per share

- 2020-12: KRW 1,620,000.00 per share

- 2021-01: KRW 1,557,000.00 per share

- 2021-02: KRW 1,513,000.00 per share

- 2021-03: KRW 1,570,000.00 per share

- 2021-04: KRW 1,539,000.00 per share

- 2021-05: KRW 1,559,000.00 per share

- 2021-06: KRW 1,762,000.00 per share

- 2021-07: KRW 1,459,000.00 per share

- 2021-08: KRW 1,461,000.00 per share

- 2021-09: KRW 1,337,000.00 per share

- 2021-10: KRW 1,171,000.00 per share

- 2021-11: KRW 1,054,000.00 per share

- 2021-12: KRW 1,097,000.00 per share

- 2022-01: KRW 975,000.00 per share

- 2022-02: KRW 942,000.00 per share

- 2022-03: KRW 858,000.00 per share

- 2022-04: KRW 909,000.00 per share

- 2022-05: KRW 734,000.00 per share

- 2022-06: KRW 680,000.00 per share

- 2022-07: KRW 779,000.00 per share

- 2022-08: KRW 712,000.00 per share

- 2022-09: KRW 633,000.00 per share

- 2022-10: KRW 510,000.00 per share

- 2022-11: KRW 656,000.00 per share

- 2022-12: KRW 722,000.00 per share

- 2023-01: KRW 743,000.00 per share

- 2023-02: KRW 668,000.00 per share

- 2023-03: KRW 600,000.00 per share

- 2023-04: KRW 623,000.00 per share

- 2023-05: KRW 527,000.00 per share

- 2023-06: KRW 459,000.00 per share

- 2023-07: KRW 428,000.00 per share

- 2023-08: KRW 464,500.00 per share

- 2023-09: KRW 446,500.00 per share

- 2023-10: KRW 315,500.00 per share

- 2023-11: KRW 333,500.00 per share

- 2023-12: KRW 355,000.00 per share

- 2024-01: KRW 303,500.00 per share

- 2024-02: KRW 319,000.00 per share

- 2024-03: KRW 380,000.00 per share

- 2024-04: KRW 420,000.00 per share

- 2024-05: KRW 417,500.00 per share

- 2024-06: KRW 345,500.00 per share

- 2024-07: KRW 352,000.00 per share

- 2024-08: KRW 354,500.00 per share

- 2024-09: KRW 379,000.00 per share

- 2024-10: KRW 331,500.00 per share

- 2024-11: KRW 310,500.00 per share

- 2024-12: KRW 305,000.00 per share

- 2025-01: KRW 307,000.00 per share

- 2025-02: KRW 319,500.00 per share

- 2025-03: KRW 312,500.00 per share

- 2025-04: KRW 337,500.00 per share

- 2025-05: KRW 326,000.00 per share

- 2025-06: KRW 319,500.00 per share

- 2025-07: KRW 316,000.00 per share

- 2025-08: KRW 295,500.00 per share

- 2025-09: KRW 286,000.00 per share

- 2025-10: KRW 284,500.00 per share

- 2025-11: KRW 276,500.00 per share

- 2025-12: KRW 258,500.00 per share

- 2026-01: KRW 262,500.00 per share

- 2026-02: KRW 267,000.00 per share

- 2026-03: KRW 247,000.00 per share

- 2026-04: KRW 254,000.00 per share

- 2026-05: KRW 247,500.00 per share

- 2026-06: KRW 229,500.00 per share

- 2026-07: KRW 287,000.00 per share

- 2026-08: KRW 313,000.00 per share

- 2026-09: KRW 269,000.00 per share

- 2026-10: KRW 264,000.00 per share

## Annual estimated value (KRW per share)

- FY2016: low KRW 251,317.65 per share, central KRW 283,962.15 per share, high KRW 327,418.90 per share

- FY2017: low KRW 267,585.64 per share, central KRW 302,193.91 per share, high KRW 348,264.87 per share

- FY2018: low KRW 294,280.91 per share, central KRW 332,563.39 per share, high KRW 383,525.49 per share

- FY2019: low KRW 376,175.34 per share, central KRW 423,383.84 per share, high KRW 486,228.37 per share

- FY2020: low KRW 225,517.23 per share, central KRW 256,537.54 per share, high KRW 297,832.15 per share

- FY2021: low KRW 479,749.64 per share, central KRW 539,613.55 per share, high KRW 619,305.12 per share

- FY2022: low KRW 351,798.25 per share, central KRW 395,916.66 per share, high KRW 454,647.61 per share

- FY2023: low KRW 248,697.30 per share, central KRW 276,483.99 per share, high KRW 313,473.96 per share

- FY2024: low KRW 266,889.53 per share, central KRW 294,355.02 per share, high KRW 330,917.42 per share

- FY2025: low KRW 221,390.04 per share, central KRW 243,057.99 per share, high KRW 271,902.63 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:44:38.265Z where newer inputs omit a numeric field or fiscal period.

## Sources

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations