2377.TW

Strong BuyFull HouseAI neutral

Micro-Star International Co., Ltd. · Technology · Taiwan · $4.0B

TWD 154.50 -1.0% · close 8 Oct · scored 9 Oct

Full House: Strong business, sensible price, market agrees. The rare full house.

89
StockRank
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Quality
54
Value
62
Momentum
70

As of 9 Oct 2026, MoatMap's StockRank for Micro-Star International Co., Ltd. (2377.TW) is 89/100: Quality 54, Value 62, Momentum 70, ranked against 24,000+ stocks in 35 markets.

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
13.5x
peers 24.6x
ROE
18.1%
peers 10.4%
D/E
0.1x
peers 0.2x
Dividend %
2.8%
trailing yield
AI CONVICTION THESIS

Micro-Star International is a major maker of gaming PCs, motherboards and graphics cards, and it is expanding into AI servers. Its share price has strong momentum. It is, however, mainly a consumer PC hardware assembler with thin margins, reliant on Nvidia and AMD chip allocations and PC upgrade cycles, and its AI server business is too small to change its profile.

ABOUT MICRO-STAR INTERNATIONAL CO., LTD.

Read

Micro-Star International Co., Ltd. (MSI) is a world-leading brand in gaming laptops, graphics cards, motherboards, and desktop PCs. The company commands premium brand equity among gamers and creators globally, supported by its in-house manufacturing capabilities and aggressive R&D in thermal design and high-performance computing. MSI's strong vertical integration allows it to rapidly bring cutting-edge hardware to market, maintaining high margins in the competitive PC gaming segment.

FINANCIAL SUMMARY (TWD)

Year20212022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue—180.4B183.0B197.9B230.2B8.5%222.3B218.2B240.2B2.1%
EPS (TWD)20.0311.798.928.046.80-23.7%11.4813.1711.4829.9%
Shares—844.9M844.9M844.9M844.9M0.0%844.9M———
Debt—580.7M672.5M900.3M11.7B172.1%7.1B———
Equity—48.4B50.2B52.9B54.6B4.1%————
Op CF—15.6B5.0B5.0B4.0B-36.7%1.7B———
Inv CF—-842.3M-651.2M-3.2B-2.4B—————
Fin CF—-11.1B-5.9B-4.9B6.3B—————
Loading 1Y...
PRICE (1Y) · TWD+6.9%
14514915315716226 Aug16 Sep8 Oct
SMA 50SMA 200

Price checkIn an uptrendExperimental

Above its 200-day average and 8% below its 52-week high.

SwingsBumpy

Swung more than 52% of stocks we rank over the past year (43% a year).

How this is worked out

StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.

The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.

In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
TWD 154.50
RSI (14)
53.3
52-Week Range-8.3% from high
Low TWD 82.56High TWD 168.53

SCORE BREAKDOWN

Quality
54
ROIC
11.5%65.7
ROE
18.1%77.9
GP/Assets
24.3%58.2
Op. Margin
6.6%51.6
FCF/Assets
0.3%36.2
Piotroski
38.1
Int. Cover
50.0x85.2
D/E Ratio
0.12x60.0
Current Ratio
1.83x45.3
Value
62
P/E (TTM)
13.5x81.4
EV/EBITDA
9.8x72.9
P/FCF
306.2x7.0
P/B
2.3x64.3
P/S
0.6x88.2
Div Yield
2.8%73.4
Momentum
70
52W High %
92%88.9
RS 6M
31%78.7
SMA 50/200
1.28x91.5
EPS Rev 4W
-0.4%42.7
EPS Rev 12W
+11.4%84.8
EPS Improve
+0%17.1
Q Growth
123%75.1

FUNDAMENTALS

Market Cap
$4.0B
P/E (Forward)
13.5x
Gross Margin
13.2%

SECTOR PEERS

Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of 2377.TW are excluded.

TickerCompanyMkt CapStockRankSignal
2377.TWMicro-Star International Co., Ltd.(you)$4.0B89Strong Buy
2324.TWCompal Electronics, Inc.$4.9B83Strong Buy
2451.TWTranscend Information, Inc.$3.9B99Strong Buy
3406.TWGenius Electronic Optical Co.,Ltd.$3.2B97Strong Buy
3005.TWGetac Holdings Corporation$2.3B91Strong Buy
5289.TWOInnodisk Corporation$4.0B74Buy
2376.TWGiga-Byte Technology Co., Ltd.$7.8B87Strong Buy
4938.TWPegatron Corporation$7.7B85Strong Buy
3324.TWOAuras Technology Co., Ltd.$5.0B71Buy
6414.TWEnnoconn Corporation$1.7B95Strong Buy

Peer medians: ROE 10.4% · P/E 24.6x · Gross margin 24.3%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

Request Deep Dive(50 Feathers)

Micro-Star International Co., Ltd. (2377.TW): Stock Score Summary

Micro-Star International Co., Ltd. (2377.TW) has a MoatMap StockRank of 89/100 based on Quality (54/100), Value (62/100), and Momentum (70/100) factor scores. The current signal is STRONG BUY. Micro-Star International is a major maker of gaming PCs, motherboards and graphics cards, and it is expanding into AI servers. Its share price has strong momentum. It is, however, mainly a consumer PC hardware assembler with thin margins, reliant on Nvidia and AMD chip allocations and PC upgrade cycles, and its AI server business is too small to change its profile.

Micro-Star International Co., Ltd. (MSI) is a world-leading brand in gaming laptops, graphics cards, motherboards, and desktop PCs. The company commands premium brand equity among gamers and creators globally, supported by its in-house manufacturing capabilities and aggressive R&D in thermal design and high-performance computing. MSI's strong vertical integration allows it to rapidly bring cutting-edge hardware to market, maintaining high margins in the competitive PC gaming segment.

Key Financial Metrics

PriceTWD 154.50
Market Cap$4.0B
P/E (TTM)13.55
P/E (Forward)13.50
Price/Book2.26
Return on Equity18.1%
Return on Invested Capital11.5%
Debt/Equity0.12x
Gross Margin13.2%
Operating Margin6.6%
Revenue Growth-18.6%
Dividend Yield2.8%
Free Cash Flow$13M

Micro-Star International Co., Ltd. operates in the Computer Hardware industry, part of the Technology sector (Taiwan).

Frequently Asked Questions

What is Micro-Star International Co., Ltd.’s (2377.TW) StockRank?
MoatMap’s StockRank for Micro-Star International Co., Ltd. (2377.TW) is 89/100, with a Strong Buy signal. It is a composite of Quality (54), Value (62), and Momentum (70) factor ranks across MoatMap’s universe of 24,000+ stocks.
Does Micro-Star International Co., Ltd. have an economic moat?
Micro-Star International Co., Ltd. (2377.TW) has a Quality factor score of 54/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Micro-Star International Co., Ltd. a buy, hold, or sell?
MoatMap’s current signal for Micro-Star International Co., Ltd. (2377.TW) is Strong Buy, based on a StockRank of 89/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is Micro-Star International Co., Ltd. in?
Micro-Star International Co., Ltd. (2377.TW) operates in the Technology sector, specifically the Computer Hardware industry (Taiwan).