Micro-Star International Co., Ltd. (2377.TW) stock analysis

In our weekly check, Micro-Star International Co., Ltd. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 5, red flags: 7.

About Micro-Star International Co., Ltd.

Micro-Star International Co., Ltd. is a Technology company (Computer Hardware) based in Taiwan, listed on TAI as 2377.TW.

What our checks show for 2377.TW

Red flags

• The net margin fell by 4 points over 5 years, to 4.4%: the company keeps less of each sale as profit.
• The gross margin fell by 5.7 points, to 13.2%: costs are rising faster than prices.
• Operating cash flow is only 0.18x net profit: part of the reported profit does not arrive as cash.
• The net margin is only 4.4%: little room if costs rise.
• Free cash flow is negative (-0.1% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 67% from a peak. Would you have held through that?
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Analysts expect the net margin to shrink by 0.4 points from today's 4.4%.
• Earnings per share fell 0.7% a year over the last 3 years.
• Net profit fell 0.7% a year over the last 3 years.
• The price swings a lot: 44.4% annual volatility. Expect large ups and downs.
• Recovering from its deepest fall took about 2.6 years.

Strengths

• Debt is low: 0.12x equity.
• Operating profit covers interest 54.9 times over.
• The dividend takes 43% of profit: there is a cushion.
• The price is 13.7 times earnings (P/E), reasonable for its growth.
• Actively traded: about 10.4 million shares a day.
• Return on capital (ROCE) is 16%: the business earns well on the money put into it.

Next earnings report: 2026-11-06

Similar companies

WDC · 3324.TWO · 3406.TW · STX · 2324.TW

Questions

What grade does Micro-Star International Co., Ltd. (2377.TW) have?

In our weekly check, Micro-Star International Co., Ltd. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 5, red flags: 7. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 2377.TW stock?

This week's biggest flags for Micro-Star International Co., Ltd.: Margins falling, Gross margin falling, Profits not backed by cash. In total 12 of 25 checks show a warning or a red flag.

What does Micro-Star International Co., Ltd. do?

Micro-Star International Co., Ltd. is a Technology company (Computer Hardware) based in Taiwan, listed on TAI as 2377.TW.

When does Micro-Star International Co., Ltd. report earnings next?

The next earnings report is expected on 2026-11-06. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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