IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

LG Energy Solution IPO: DCF Scenario Analysis

LG Energy Solution Vs CATL Vs Samsung SDI Vs SK Innovation

LG Energy Solution IPO Initiation: Amp My Ride

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

LG Energy Solution / Equity Capital Markets

<ul>
<li>In <a href="https://www.smartkarma.com/insights/lg-energy-solution-ipo-initiation-amp-my-ride" target="_blank" data-smartkarma-citation="insights:62402" rel="noopener">LG Energy Solution IPO Initiation: Amp My Ride</a>, we stated that LGES has attractive fundamentals with a strong backlog, healthy revenue growth and improving margins (recall provisions have peaked). </li>
<li>In <a href="https://www.smartkarma.com/insights/lg-energy-solution-vs-catl-vs-samsung-sdi-vs-sk-innovation" target="_blank" data-smartkarma-citation="insights:62445" rel="noopener">LG Energy Solution Vs CATL Vs Samsung SDI Vs SK Innovation</a>, we benchmarked LGES and its listed battery peers across key financial metrics. </li>
<li>In this note, we look at the syndicate's valuation methodology and present our valuation methodology. Our valuation analysis suggests that the IPO price range is attractive. </li>
</ul>


In LG Energy Solution IPO Initiation: Amp My Ride, we stated that LGES has attractive fundamentals with a strong backlog, healthy revenue growth and improving margins (recall provisions have peaked). 
In LG Energy Solution Vs CATL Vs Samsung SDI Vs SK Innovation, we benchmarked LGES and its listed battery peers across key financial metrics. 
In this note, we look at the syndicate's valuation methodology and present our valuation methodology. Our valuation analysis suggests that the IPO price range is attractive. 


Contemporary Amperex Technology (CATL) (300750 CH)

LG Energy Solution IPO: Valuation Insights