Micro-Star International Co Ltd
TWSE:2377

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Micro-Star International Co Ltd
TWSE:2377
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Price: 88.3 TWD -2.32%
Market Cap: NT$74.6B

Gross Margin

11%
Current
Declining
by 1%
vs 3-y average of 11.9%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
11%
=
Gross Profit
NT$25.2B
/
Revenue
NT$230.2B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
11%
=
Gross Profit
NT$25.2B
/
Revenue
NT$230.2B

Peer Comparison

Country Company Market Cap Gross
Margin
TW
Micro-Star International Co Ltd
TWSE:2377
74.6B TWD
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US
Apple Inc
NASDAQ:AAPL
3.6T USD
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KR
Samsung Electronics Co Ltd
KRX:005930
1 168.9T KRW
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US
Dell Technologies Inc
NYSE:DELL
109.1B USD
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CN
Xiaomi Corp
HKEX:1810
843.4B HKD
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US
Western Digital Corp
NASDAQ:WDC
85.6B USD
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US
SanDisk Corp
NASDAQ:SNDK
84.7B USD
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SG
Seagate Technology Holdings PLC
XBER:847
72.8B EUR
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IE
Seagate Technology Holdings PLC
NASDAQ:STX
79B USD
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TW
Quanta Computer Inc
TWSE:2382
1.1T TWD
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US
Hewlett Packard Enterprise Co
NYSE:HPE
30B USD
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Market Distribution

Lower than 77% of companies in Taiwan
Percentile
23rd
Based on 1 022 companies
23rd percentile
11%
Low
-197.7% — 13.7%
Typical Range
13.7% — 31.4%
High
31.4% — 400.8%
Distribution Statistics
Taiwan
Min -197.7%
30th Percentile 13.7%
Median 22.1%
70th Percentile 31.4%
Max 400.8%

Micro-Star International Co Ltd
Glance View

Founded in 1986 in the dynamic tech landscape of Taiwan, Micro-Star International Co., Ltd., commonly known as MSI, has carved out a reputation as a dominant force in the production of computer hardware and electronics. Originally emerging from the burgeoning PC industry, MSI quickly established itself as a premier manufacturer of motherboards and graphics cards, essential components in the modern computing ecosystem. Over the years, the company expanded its reach into the realms of gaming and professional creation, capitalizing on the surge of the gaming industry by developing high-performance laptops, desktops, and peripherals designed to meet the rigorous demands of gamers and professionals alike. By marrying cutting-edge technology with a keen understanding of user needs, MSI has adeptly positioned itself within competitive markets, often leading the charge with innovative solutions that enhance user experience and performance. MSI’s financial strength is bolstered by its savvy market strategy and a robust global distribution network that ensures its products reach a wide audience. The company's revenue streams are diverse, yet interlinked, benefiting from its comprehensive portfolio that covers consumer, commercial, and industrial products. Apart from its hardware offerings, MSI has tapped into the burgeoning esports and gaming communities, sponsoring events and endorsing esports teams, which in turn boosts brand recognition and loyalty among tech-savvy and gaming-centric demographics. Through its dedication to quality and innovation, MSI has maintained a steady foothold in the tech industry, constantly adapting to the ever-evolving technological landscape and consumer preferences, ensuring its relevance and profitability in the global market.

Intrinsic Value
222.58 TWD
Undervaluation 60%
Intrinsic Value
Price NT$88.3
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
11%
=
Gross Profit
NT$25.2B
/
Revenue
NT$230.2B
What is Micro-Star International Co Ltd's current Gross Margin?

The current Gross Margin for Micro-Star International Co Ltd is 11%, which is below its 3-year median of 11.9%.

How has Gross Margin changed over time?

Over the last 3 years, Micro-Star International Co Ltd’s Gross Margin has decreased from 14.3% to 11%. During this period, it reached a low of 10.8% on Sep 30, 2025 and a high of 14.3% on Dec 31, 2022.

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