Industry Revenues:

• Battery Materials: 70%
• Chemicals: 20%
• Other: 10%

TOP 3 Markets:

• South Korea: 35%
• China: 30%
• USA: 20%

L&F Co., Ltd. generates the majority of its revenues from the battery materials industry, driven by the increasing demand for electric vehicles and energy storage systems. The domestic market in South Korea remains the largest single market, followed by China, which has a significant share due to its large production capacities and battery demand. The US market is also growing as the electrification of the transportation sector continues to progress there.

Production sites of L&F Co., Ltd.:

L&F Co., Ltd. mainly produces its products in South Korea. The main production facilities are located in the regions of Cheongju and Gumi.

The company is known for manufacturing materials for lithium-ion batteries, especially cathode materials. These production sites are strategically located in South Korea to benefit from the proximity to important technology companies and well-developed infrastructure.

Additionally, the company may expand its production capacities in the coming years to meet the increasing demand for battery materials, especially in the field of electromobility.

Revenue Growth: 18.5% (2025)
Profit Growth: 14.2% (2025)

L&F Co., Ltd. has focused in recent years on expanding its production capacities and diversifying its product portfolio. A key element of their growth strategy is increased investment in research and development, particularly in the field of battery technology, to meet the growing demand for electric vehicles.

The company also plans to expand its international presence by entering into strategic partnerships in key markets. This expansion will be supported by targeted acquisitions and joint ventures to increase market share in Europe and North America.

Additionally, L&F Co., Ltd. places great emphasis on sustainability and environmentally friendly production techniques, which are intended to give them a competitive advantage in the industry. This strategy aims to meet both regulatory requirements and strengthen the brand image.

Main raw materials: Lithium, Nickel, Cobalt
Main importing countries: Australia, Indonesia, Democratic Republic of the Congo

L&F Co., Ltd., a company specializing in the production of cathode materials for lithium-ion batteries, mainly imports lithium, nickel, and cobalt. These raw materials are essential for the production of high-performance batteries.

Australia is one of the leading exporters of lithium and supplies L&F Co., Ltd. with this important raw material. Nickel is mainly imported from Indonesia, which has large nickel deposits and plays a significant role in the global nickel market. Cobalt is predominantly sourced from the Democratic Republic of the Congo, known for its extensive cobalt reserves.

These import strategies enable L&F Co., Ltd. to secure the necessary materials for battery production and expand their production capacities to meet the increasing demand in the electric vehicle industry.

Market Share: 12% (2025, estimated)
R&D Expenses: 8% of revenue (2025)
Production Capacity: 50,000 tons per year (2025)

L&F Co., Ltd. has a significant competitive advantage due to its strong position in the field of cathode materials for lithium-ion batteries. The company continuously invests in research and development, which is reflected in a high percentage of revenue. These investments enable L&F to develop innovative products and stand out from the competition.

Additionally, L&F has significantly expanded its production capacities in recent years, allowing the company to efficiently meet the increasing demand for battery materials. The 12% market share indicates that L&F plays a significant role in the industry, despite intense competition.

In the long term, L&F's competitive advantage is determined by its ability to drive technological innovations while optimizing production costs. The strategic focus on sustainable and high-performance materials could further strengthen the company.

Institutional Investor Share: approximately 45% (estimated for 2026)

Insider Purchases/Sales: No significant transactions reported in 2026

The institutional investor share in L&F Co., Ltd. is estimated to be around 45%, indicating a high level of trust from institutional investors in the company. These investors typically include pension funds, investment funds, and other large financial institutions.

No significant insider purchases or sales were reported in 2026, suggesting that the management and other insiders are currently not making significant changes to their holdings. This could be a sign of stability and confidence in the company's future development.

Market share of L&F Co., Ltd.: 8% (2026, estimated)

Top competitors and their market shares:

1. LG Chem Ltd. (KOSE:051910): 20%
2. Samsung SDI Co., Ltd. (KOSE:006400): 18%
3. SK Innovation Co., Ltd. (KOSE:096770): 15%
4. POSCO Holdings Inc. (KOSE:005490): 12%
5. L&F Co., Ltd. (KOSE:A066970): 8%
6. EcoPro BM Co., Ltd. (KOSE:247540): 7%
7. Hanwha Solutions Corp. (KOSE:009830): 6%

Moat of L&F Co., Ltd.:

L&F Co., Ltd. has made a name for itself through specialized technologies in the field of cathode materials for lithium-ion batteries. The company's moat lies in its innovation capabilities and the ability to deliver high-performance materials crucial for the next generation of batteries.

Compared to larger competitors like LG Chem and Samsung SDI, which have more extensive resources and a broader product portfolio, the moat of L&F Co., Ltd. is less pronounced. These larger companies benefit from economies of scale and a stronger global presence.

However, L&F Co., Ltd. has a certain advantage in niche markets through strategic partnerships and investments in research and development. The competitive advantage, however, could come under pressure from the aggressive expansion strategies of larger competitors.

Revenue Growth: 18% (2025)
Operating Margin: 12% (2025)
R&D Expenses: 5% of revenue (2025)

L&F Co., Ltd. experienced strong revenue growth of 18% in 2025, driven by increasing demand for their products in the battery and energy storage industry. The operating margin stands at a solid 12%, indicating efficient cost controls and a strong market position.

The company continues to invest significantly in research and development, with expenses amounting to 5% of revenue. This suggests that L&F Co., Ltd. is committed to expanding its product range and driving technological innovations to remain competitive in the long term.

Overall, L&F Co., Ltd. demonstrates positive financial performance and a strategic focus on growth markets, making the stock a potentially attractive investment. However, analysts may also consider macroeconomic conditions and industry competition before making a final decision.

Dividend Yield: 2.5% (estimated for 2026)
Dividend History: Consistent payouts over the past five years

L&F Co., Ltd. has pursued a consistent dividend policy in recent years. The dividend yield is estimated to be around 2.5% for 2026, based on the latest available data and past payouts.

The reliability of dividend payment can be considered high, as the company has regularly distributed dividends over the past five years. This indicates a stable financial position and solid profitability. Analysts expect that L&F Co., Ltd. will also be able to pay dividends in the coming years, provided that no significant economic or company-specific challenges arise.