Micro-Star International Co., Ltd. Logo

Micro-Star International Co., Ltd.

2377.TW

(2.0)
Stock Price

171,50 TWD

7.87% ROA

15.68% ROE

21.25x PER

Market Cap.

155.875.932.000,00 TWD

7.46% DER

3.58% Yield

4.12% NPM

Micro-Star International Co., Ltd. Stock Analysis

Micro-Star International Co., Ltd. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Micro-Star International Co., Ltd. Fundamental Stock Analysis
# Analysis Rating
1 DER

The stock has a low debt to equity ratio (1%), which means it has a small amount of debt compared to the ownership it holds

2 Dividend

Investors can trust the company's impressive dividend track record, consistently distributing dividends over the past five years, showcasing a strong commitment to rewarding shareholders.

3 ROE

The stock's ROE falls within an average range (13.99%), demonstrating satisfactory profitability and efficiency in utilizing shareholders' equity.

4 ROA

The stock's ROA (8.93%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

5 PBV

The stock's PBV ratio (2.99x) indicates a justifiable valuation, presenting a compelling choice for investors seeking reasonable returns.

6 Buffet Intrinsic Value

The company's stock seems undervalued (5.098) by Warren Buffett's formula, indicating a promising investment opportunity as its intrinsic value exceeds the market price.

7 Revenue Growth

Company's revenue has remained stagnant over the past three years, indicating a lack of growth and making it a less favorable option.

8 Net Profit Growth

This company's net profit has remained flat over the past five years, suggesting a lack of growth and making it a less attractive investment opportunity.

9 Assets Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

10 Graham Number

The Graham number calculation reveals that this company's stock price is potentially inflated, implying that it may not be a desirable investment option.

11 Dividend Growth

The company's dividend growth has remained flat for the past three years, offering no indication of improved returns and making it a less advantageous investment opportunity.

Micro-Star International Co., Ltd. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Micro-Star International Co., Ltd. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Buy
3 RSI Hold
4 Stoch RSI Buy

Micro-Star International Co., Ltd. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Micro-Star International Co., Ltd. Revenue
Year Revenue Growth
2006 80.745.331.000
2007 96.215.443.000 16.08%
2008 101.901.081.000 5.58%
2009 82.204.120.000 -23.96%
2010 89.539.890.000 8.19%
2011 78.666.519.000 -13.82%
2012 67.057.171.000 -17.31%
2013 71.879.047.000 6.71%
2014 84.901.773.000 15.34%
2015 85.294.794.000 0.46%
2016 102.190.503.000 16.53%
2017 106.419.905.000 3.97%
2018 118.527.273.000 10.21%
2019 120.491.417.000 1.63%
2020 146.502.789.000 17.75%
2021 201.810.152.000 27.41%
2022 180.411.242.000 -11.86%
2023 195.672.676.000 7.8%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Micro-Star International Co., Ltd. Research and Development Expenses
Year Research and Development Expenses Growth
2006 1.760.198.000
2007 1.988.164.000 11.47%
2008 2.440.859.000 18.55%
2009 2.334.968.000 -4.54%
2010 2.431.865.000 3.98%
2011 2.065.082.000 -17.76%
2012 2.373.673.000 13%
2013 2.491.761.000 4.74%
2014 2.735.708.000 8.92%
2015 3.210.602.000 14.79%
2016 3.399.455.000 5.56%
2017 3.200.893.000 -6.2%
2018 3.347.836.000 4.39%
2019 3.315.224.000 -0.98%
2020 3.724.340.000 10.98%
2021 5.179.451.000 28.09%
2022 4.396.924.000 -17.8%
2023 4.424.616.000 0.63%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Micro-Star International Co., Ltd. General and Administrative Expenses
Year General and Administrative Expenses Growth
2006 1.400.657.000
2007 1.444.543.000 3.04%
2008 1.199.623.000 -20.42%
2009 1.733.718.000 30.81%
2010 1.969.248.000 11.96%
2011 1.629.717.000 -20.83%
2012 1.018.085.000 -60.08%
2013 920.389.000 -10.61%
2014 773.023.000 -19.06%
2015 1.047.500.000 26.2%
2016 791.378.000 -32.36%
2017 907.941.000 12.84%
2018 921.767.000 1.5%
2019 1.070.509.000 13.89%
2020 1.345.054.000 20.41%
2021 1.873.387.000 28.2%
2022 1.704.253.000 -9.92%
2023 1.783.760.000 4.46%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Micro-Star International Co., Ltd. EBITDA
Year EBITDA Growth
2006 2.886.738.000
2007 4.735.945.000 39.05%
2008 3.907.691.000 -21.2%
2009 1.656.346.000 -135.92%
2010 1.161.120.000 -42.65%
2011 1.111.183.000 -4.49%
2012 1.887.252.000 41.12%
2013 3.322.417.000 43.2%
2014 4.166.465.000 20.26%
2015 4.842.554.000 13.96%
2016 6.387.039.000 24.18%
2017 6.571.696.000 2.81%
2018 7.862.180.000 16.41%
2019 7.447.955.000 -5.56%
2020 10.717.115.000 30.5%
2021 21.903.241.000 51.07%
2022 13.771.557.000 -59.05%
2023 12.875.292.000 -6.96%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Micro-Star International Co., Ltd. Gross Profit
Year Gross Profit Growth
2006 7.253.943.000
2007 10.235.295.000 29.13%
2008 11.185.477.000 8.49%
2009 8.318.141.000 -34.47%
2010 9.261.030.000 10.18%
2011 7.925.698.000 -16.85%
2012 7.510.090.000 -5.53%
2013 9.258.540.000 18.88%
2014 11.514.440.000 19.59%
2015 12.841.134.000 10.33%
2016 14.951.670.000 14.12%
2017 15.031.293.000 0.53%
2018 16.129.686.000 6.81%
2019 15.862.156.000 -1.69%
2020 21.302.840.000 25.54%
2021 38.244.276.000 44.3%
2022 25.728.080.000 -48.65%
2023 23.147.476.000 -11.15%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Micro-Star International Co., Ltd. Net Profit
Year Net Profit Growth
2006 1.247.074.000
2007 2.912.697.000 57.18%
2008 2.269.634.000 -28.33%
2009 241.246.000 -840.8%
2010 520.002.000 53.61%
2011 326.466.000 -59.28%
2012 864.872.000 62.25%
2013 1.972.857.000 56.16%
2014 3.013.861.000 34.54%
2015 3.706.456.000 18.69%
2016 4.887.942.000 24.17%
2017 4.937.422.000 1%
2018 6.041.129.000 18.27%
2019 5.587.210.000 -8.12%
2020 7.959.505.000 29.8%
2021 16.921.005.000 52.96%
2022 9.962.520.000 -69.85%
2023 9.398.784.000 -6%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Micro-Star International Co., Ltd. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2006 1
2007 3 50%
2008 2 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 1 0%
2013 2 100%
2014 4 33.33%
2015 4 25%
2016 6 20%
2017 6 0%
2018 7 28.57%
2019 7 -16.67%
2020 9 33.33%
2021 20 55%
2022 12 -81.82%
2023 11 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Micro-Star International Co., Ltd. Free Cashflow
Year Free Cashflow Growth
2006 263.767.000
2007 -1.365.342.000 119.32%
2008 806.844.000 269.22%
2009 1.808.294.000 55.38%
2010 635.236.000 -184.66%
2011 4.589.760.000 86.16%
2012 1.584.803.000 -189.61%
2013 3.269.445.000 51.53%
2014 199.599.000 -1538.01%
2015 5.530.956.000 96.39%
2016 4.605.427.000 -20.1%
2017 1.806.669.000 -154.91%
2018 -365.886.000 593.78%
2019 8.290.903.000 104.41%
2020 9.853.902.000 15.86%
2021 11.052.228.000 10.84%
2022 14.818.073.000 25.41%
2023 -592.605.000 2600.5%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Micro-Star International Co., Ltd. Operating Cashflow
Year Operating Cashflow Growth
2006 731.763.000
2007 -537.078.000 236.25%
2008 2.129.465.000 125.22%
2009 1.998.078.000 -6.58%
2010 828.339.000 -141.22%
2011 4.685.287.000 82.32%
2012 1.687.490.000 -177.65%
2013 3.480.809.000 51.52%
2014 1.113.470.000 -212.61%
2015 5.728.144.000 80.56%
2016 5.038.336.000 -13.69%
2017 2.444.247.000 -106.13%
2018 84.616.000 -2788.63%
2019 9.273.570.000 99.09%
2020 10.824.668.000 14.33%
2021 12.612.916.000 14.18%
2022 15.639.296.000 19.35%
2023 -389.670.000 4113.47%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Micro-Star International Co., Ltd. Capital Expenditure
Year Capital Expenditure Growth
2006 467.996.000
2007 828.264.000 43.5%
2008 1.322.621.000 37.38%
2009 189.784.000 -596.91%
2010 193.103.000 1.72%
2011 95.527.000 -102.14%
2012 102.687.000 6.97%
2013 211.364.000 51.42%
2014 913.871.000 76.87%
2015 197.188.000 -363.45%
2016 432.909.000 54.45%
2017 637.578.000 32.1%
2018 450.502.000 -41.53%
2019 982.667.000 54.16%
2020 970.766.000 -1.23%
2021 1.560.688.000 37.8%
2022 821.223.000 -90.04%
2023 202.935.000 -304.67%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Micro-Star International Co., Ltd. Equity
Year Equity Growth
2006 21.197.095.000
2007 23.999.954.000 11.68%
2008 25.700.184.000 6.62%
2009 25.394.018.000 -1.21%
2010 24.576.021.000 -3.33%
2011 23.281.317.000 -5.56%
2012 21.581.455.000 -7.88%
2013 22.937.586.000 5.91%
2014 24.532.536.000 6.5%
2015 25.742.017.000 4.7%
2016 26.890.498.000 4.27%
2017 27.803.270.000 3.28%
2018 29.945.861.000 7.15%
2019 31.012.465.000 3.44%
2020 35.539.852.000 12.74%
2021 47.080.320.000 24.51%
2022 48.398.589.000 2.72%
2023 49.691.273.000 2.6%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Micro-Star International Co., Ltd. Assets
Year Assets Growth
2006 43.129.902.000
2007 50.436.206.000 14.49%
2008 50.826.978.000 0.77%
2009 49.875.540.000 -1.91%
2010 47.833.983.000 -4.27%
2011 39.813.338.000 -20.15%
2012 37.234.025.000 -6.93%
2013 41.640.654.000 10.58%
2014 46.424.715.000 10.3%
2015 46.530.869.000 0.23%
2016 50.467.784.000 7.8%
2017 49.153.389.000 -2.67%
2018 55.174.173.000 10.91%
2019 60.348.708.000 8.57%
2020 78.397.515.000 23.02%
2021 101.459.590.000 22.73%
2022 86.852.903.000 -16.82%
2023 98.978.912.000 12.25%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Micro-Star International Co., Ltd. Liabilities
Year Liabilities Growth
2006 21.932.807.000
2007 26.436.252.000 17.04%
2008 25.126.794.000 -5.21%
2009 24.481.522.000 -2.64%
2010 23.251.896.000 -5.29%
2011 16.526.263.000 -40.7%
2012 15.646.790.000 -5.62%
2013 18.703.068.000 16.34%
2014 21.892.179.000 14.57%
2015 20.788.852.000 -5.31%
2016 23.577.286.000 11.83%
2017 21.350.119.000 -10.43%
2018 25.228.312.000 15.37%
2019 29.336.243.000 14%
2020 42.857.663.000 31.55%
2021 54.379.270.000 21.19%
2022 38.454.314.000 -41.41%
2023 49.287.639.000 21.98%

Micro-Star International Co., Ltd. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
206.58
Net Income per Share
8.68
Price to Earning Ratio
21.25x
Price To Sales Ratio
0.89x
POCF Ratio
14.3
PFCF Ratio
15.36
Price to Book Ratio
3.14
EV to Sales
0.8
EV Over EBITDA
13.59
EV to Operating CashFlow
12.82
EV to FreeCashFlow
13.78
Earnings Yield
0.05
FreeCashFlow Yield
0.07
Market Cap
155,88 Bil.
Enterprise Value
139,81 Bil.
Graham Number
107.17
Graham NetNet
-6.74

Income Statement Metrics

Net Income per Share
8.68
Income Quality
1.23
ROE
0.15
Return On Assets
0.08
Return On Capital Employed
0.19
Net Income per EBT
0.82
EBT Per Ebit
0.94
Ebit per Revenue
0.05
Effective Tax Rate
0.18

Margins

Sales, General, & Administrative to Revenue
0.01
Research & Developement to Revenue
0.02
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.12
Operating Profit Margin
0.05
Pretax Profit Margin
0.05
Net Profit Margin
0.04

Dividends

Dividend Yield
0.04
Dividend Yield %
3.58
Payout Ratio
0.76
Dividend Per Share
6.6

Operating Metrics

Operating Cashflow per Share
12.9
Free CashFlow per Share
12
Capex to Operating CashFlow
-0.07
Capex to Revenue
-0
Capex to Depreciation
-0.55
Return on Invested Capital
0.14
Return on Tangible Assets
0.08
Days Sales Outstanding
0
Days Payables Outstanding
71.66
Days of Inventory on Hand
85.82
Receivables Turnover
0
Payables Turnover
5.09
Inventory Turnover
4.25
Capex per Share
-0.9

Balance Sheet

Cash per Share
30,19
Book Value per Share
58,79
Tangible Book Value per Share
58.79
Shareholders Equity per Share
58.79
Interest Debt per Share
4.41
Debt to Equity
0.07
Debt to Assets
0.04
Net Debt to EBITDA
-1.56
Current Ratio
1.88
Tangible Asset Value
43,91 Bil.
Net Current Asset Value
41,25 Bil.
Invested Capital
0.07
Working Capital
42,32 Bil.
Intangibles to Total Assets
0.06
Average Receivables
0,00 Bil.
Average Payables
28,24 Bil.
Average Inventory
34599796000
Debt to Market Cap
0.02

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Micro-Star International Co., Ltd. Dividends
Year Dividends Growth
2001 1
2002 1 0%
2003 1 0%
2004 1 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 1 0%
2009 0 0%
2010 0 0%
2011 1 0%
2012 1 100%
2013 1 0%
2014 2 100%
2015 3 33.33%
2016 1 -200%
2017 4 66.67%
2018 5 25%
2019 5 0%
2020 4 0%
2021 6 33.33%
2022 11 40%
2023 7 -66.67%

Micro-Star International Co., Ltd. Profile

About Micro-Star International Co., Ltd.

Micro-Star International Co., Ltd. manufactures and sells motherboards, interface cards, notebook computers, and other electronic products in Asia, Europe, the Americas, and internationally. The company operates through Computer and Peripherals, and Other segments. Its products portfolio includes laptops, desktops, monitors, graphic cards, gaming gears, PC cases and components, liquid cooling, and power supply products, as well as gaming laptop backpacks, apparel, and others. The company is also involved in the sale, support, after-sales service, and logistics service of computers and electronic components. Micro-Star International Co., Ltd. was incorporated in 1986 and is headquartered in New Taipei city, Taiwan.

CEO
Mr. Chin-Ching Huang
Employee
13.000
Address
No. 69, Lide Street
New Taipei City, 235

Micro-Star International Co., Ltd. Executives & BODs

Micro-Star International Co., Ltd. Executives & BODs
# Name Age
1 Mr. Yu-Sheng Hung
Executive Vice President, GM of Computing and Display B.U. & Director
70
2 Mr. Chin-Ching Huang
Vice Chairman & President
70
3 Mr. Wen-Tung Lin
Senior Vice President of Management Committee & Director
70
4 Mr. Hsu-Kuang Kuo
Executive Vice President, GM of Note Book B.U. & Director
70
5 Mr. Hsien-Neng You
Senior Vice President of Management Committee & Director
70
6 Mr. Chun-Keng Liao
Executive Vice President, GM of Graphics and Peripheral B.U. & Director
70
7 Mr. Chi-Long Lu
Senior Vice President of Management Committee
70
8 Ms. Pao-Yu Hung
Chief Financial Officer & Vice President of Finance Center
70
9 Mr. Hui-Cheng Cheng
Vice President of Corporation Marketing Division
70
10 Hui-Chin Lin
Accounting Officer
70

Micro-Star International Co., Ltd. Competitors