1. Taiwan Stocks

  2. •

    Electronic technology

  3. •

    Computer peripherals
Micro-Star International Co., Ltd.

Micro-Star International Co., Ltd.

TTWSE:2377
163.00
TWD
-2.00
(-1.21%)
11.44EPS
12.65P/E
123.35BMarket Cap
Nov 06Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
85.08
100.49
100.96
120.96
125.96
140.29
142.62
173.41
238.87
213.54
216.56
234.21
272.47
262.28
Basic EPS, GAAP
2.34
3.57
4.39
5.79
5.84
7.15
6.61
9.42
20.03
11.79
8.92
8.04
6.8
11.54
Free Cash Flow per Basic Share
3.87
0.24
6.55
5.45
2.06
-0.43
10.34
11.66
13.08
17.54
5.11
3.19
0.5
-0.35
Dividend per Share
0.3
2
3
3.5
4.5
4.5
5
4.2
6.1
10.5
6.6
5.4
5
5
Book Value per Share
27.15
29.04
30.47
31.83
32.91
35.44
36.71
42.07
55.73
57.29
59.4
62.58
64.63
68.72
Tangible Book Value per Share
27.15
29.04
30.47
31.83
32.91
35.44
36.71
42.07
55.73
57.29
59.4
62.58
64.63
68.72
Basic Weighted Avg Shares
845
845
845
845
845
845
845
845
845
845
845
845
845
845
Sales/Revenue/Turnover
71,879
84,902
85,295
102,191
106,420
118,527
120,491
146,503
201,810
180,411
182,966
197,872
230,196
221,509
Operating Margin (%)
3.31
4.23
4.76
5.4
5.28
5.65
4.95
6.27
9.9
5.95
4.82
3.63
2.77
4.77
Depreciation Expense
578
542
559
562
590
695
890
1,096
1,240
1,403
1,375
1,344
1,392
1,384
Net Income, GAAP
1,973
3,014
3,706
4,888
4,937
6,041
5,587
7,960
16,921
9,963
7,533
6,793
5,748
9,744
Effective Tax Rate (%)
27.6
15.75
13.14
16.05
17.41
15.52
14.29
17.06
17.98
18.9
17.91
20.16
18.17
16
Profit Margin (%)
2.74
3.55
4.35
4.78
4.64
5.1
4.64
5.43
8.38
5.52
4.12
3.43
2.5
4.4
Working Capital
16,997
18,200
19,743
21,363
22,265
24,592
25,137
29,169
39,682
40,958
42,746
44,550
49,726
52,366
LT Debt
19
16
13
19
17
16
263
226
145
358
360
512
6,824
6,742
Total Equity
22,938
24,533
25,742
26,890
27,803
29,946
31,012
35,540
47,080
48,399
50,180
52,874
54,602
58,058
Return on Invested Capital (%)
7.3
11.75
13.09
17.05
16.48
18.06
15.16
20.62
35.23
17.02
14.13
10.62
8.59
14.05
Return on Capital (%)
8.46
12.01
14.03
18.36
18.05
19.92
17.02
22.21
38.32
20.31
15.14
13.05
9.76
16.22
Return on Common Equity (%)
8.88
12.7
14.74
18.57
18.05
20.92
18.33
23.92
40.96
20.87
15.28
13.18
10.7
18.08

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4,877
358
346
LT Borrowings
6,292
6,305
6,294
LT Finance Leases
532
491
448
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
845
845
845
Market Capitalization
81,191
71,813
123,349

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
108,601
106,513
115,612
Cash, Cash Equivalents & STI
31,250
29,944
26,026
Accounts Receivable, Net
26,757
26,926
28,404
Inventories
47,765
46,867
58,565
Total Current Liabilities
58,875
56,815
63,245
Payables & Accruals
- -
- -
- -
ST Debt
4,877
358
346
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.13%
9.52%
3.27%
Free Cash Flow
-281.93%
-29.34%
-84.48%
Net Income, GAAP
11.21%
4.37%
-15.38%
Sales/Revenue/Turnover
11.16%
10.61%
16.34%
Total Cash Common Dividend
- -
10.92%
-7.41%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
47,627
46,672
52,087
51,487
197,872
2025
53,540
61,317
57,731
57,608
230,196
2026
56,257
49,913
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.95
2.49
2.05
0.55
8.04
2025
1.27
1.59
2.01
1.93
6.8
2026
4.04
3.55
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
5.4
- -
5.4
2025
- -
- -
5.01
- -
5
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Chin Ching Huang
Full Time Employees
3,534
Sector
Electronic technology
Industry
Computer peripherals
Address
No. 69, Lide Street New Taipei TP Taiwan 235
IPO Date
Oct 31, 1998
Website
tw.msi.com
Similar Companies
Sandisk Corporation (NASDAQ:SNDK)
Western Digital Corporation (NASDAQ:WDC)
Seagate Technology Holdings PLC (NASDAQ:STX)
Arista Networks, Inc. (NYSE:ANET)
Everpure, Inc. (NYSE:P)
NetApp, Inc. (NASDAQ:NTAP)
Business
Micro-Star International Co., Ltd. (MSI) designs, manufactures, and markets computer hardware and related products worldwide. The company offers laptops, desktops, monitors, motherboards, graphics cards, all-in-one PCs, mobile workstations, servers, industrial PCs, power supplies, PC cases, liquid coolers, multimedia peripherals including keyboards, mice, controllers, mouse pads, gaming chairs, and audio products; gaming routers, USB adapters, expansion cards, storage solutions; vehicle infotainment systems through subsidiary FUNTORO, EV chargers, autonomous mobile robots, automotive electronics, embedded platforms, and commercial products; as well as AIoT solutions and global warranty services. MSI operates manufacturing facilities in Taiwan and China, with research and development in Kunshan, branch offices across the Americas, Europe, Asia, Australia, and South Africa, and a presence in over 120 countries. Founded in 1986 and headquartered in New Taipei City, Taiwan, the company lists on the Taiwan Stock Exchange under ticker 2377.TW. In January 2025, MSI announced a collaboration with Syrma SGS to produce laptops in Chennai, India, transferring technology for localized manufacturing. Recent innovations include Intel Xeon-powered server platforms for AI, data processing, and cloud computing; smart EV chargers compatible with U.S. and European standards debuted at the 2024 Taipei Auto Show; and ongoing esports sponsorships such as the MSI Gaming Arena Dota 2 tournament in Southeast Asia.