Micro-Star International Co., Ltd.

TWSE:2377 Stock Report

Market Cap: NT$122.5b

Micro-Star International Future Growth

Future criteria checks 1/6

Micro-Star International is forecast to grow earnings and revenue by 7.3% and 2.9% per annum respectively. EPS is expected to grow by 5% per annum. Return on equity is forecast to be 14.2% in 3 years.

Key information

7.3%

Earnings growth rate

5.02%

EPS growth rate

Tech earnings growth22.3%
Revenue growth rate2.9%
Future return on equity14.25%
Analyst coverage

Low

Last updated29 May 2026

Recent future growth updates

Recent updates

Analysis Article • Mar 16

Micro-Star International Co., Ltd. Just Missed EPS By 20%: Here's What Analysts Think Will Happen Next

Last week, you might have seen that Micro-Star International Co., Ltd. ( TWSE:2377 ) released its annual result to the...
Analysis Article • Feb 21

Micro-Star International Co., Ltd.'s (TWSE:2377) P/E Still Appears To Be Reasonable

With a price-to-earnings (or "P/E") ratio of 24x Micro-Star International Co., Ltd. ( TWSE:2377 ) may be sending...
Analysis Article • Feb 06

Are Investors Undervaluing Micro-Star International Co., Ltd. (TWSE:2377) By 40%?

Key Insights The projected fair value for Micro-Star International is NT$327 based on 2 Stage Free Cash Flow to Equity...
Analysis Article • Jan 22

Micro-Star International (TWSE:2377) Has A Rock Solid Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jan 06

Micro-Star International's (TWSE:2377) Returns Have Hit A Wall

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Analysis Article • Nov 21

Earnings Troubles May Signal Larger Issues for Micro-Star International (TWSE:2377) Shareholders

The market wasn't impressed with the soft earnings from Micro-Star International Co., Ltd. ( TWSE:2377 ) recently. Our...
Analysis Article • Nov 17

Earnings Miss: Micro-Star International Co., Ltd. Missed EPS By 28% And Analysts Are Revising Their Forecasts

Shareholders might have noticed that Micro-Star International Co., Ltd. ( TWSE:2377 ) filed its quarterly result this...
Analysis Article • Oct 06

Micro-Star International Co., Ltd. (TWSE:2377) Could Be Riskier Than It Looks

Micro-Star International Co., Ltd.'s ( TWSE:2377 ) price-to-earnings (or "P/E") ratio of 18.7x might make it look like...
Analysis Article • Sep 17

Does Micro-Star International (TWSE:2377) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Aug 17

Micro-Star International Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their Models

As you might know, Micro-Star International Co., Ltd. ( TWSE:2377 ) last week released its latest quarterly, and things...
Analysis Article • Aug 14

Micro-Star International (TWSE:2377) Is Paying Out Less In Dividends Than Last Year

Micro-Star International Co., Ltd. ( TWSE:2377 ) is reducing its dividend from last year's comparable payment to...
Analysis Article • Jun 11

Are Micro-Star International Co., Ltd. (TWSE:2377) Investors Paying Above The Intrinsic Value?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Micro-Star International fair value estimate is NT$134...
Analysis Article • May 21

Micro-Star International's (TWSE:2377) Weak Earnings May Only Reveal A Part Of The Whole Picture

A lackluster earnings announcement from Micro-Star International Co., Ltd. ( TWSE:2377 ) last week didn't sink the...
Analysis Article • Apr 22

Investors Aren't Entirely Convinced By Micro-Star International Co., Ltd.'s (TWSE:2377) Earnings

With a price-to-earnings (or "P/E") ratio of 17.3x Micro-Star International Co., Ltd. ( TWSE:2377 ) may be sending...
Analysis Article • Mar 15

Micro-Star International (TWSE:2377) Could Be Struggling To Allocate Capital

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...
Analysis Article • Feb 28

Calculating The Fair Value Of Micro-Star International Co., Ltd. (TWSE:2377)

Key Insights Micro-Star International's estimated fair value is NT$226 based on 2 Stage Free Cash Flow to Equity...
Analysis Article • Apr 15

The Case For Micro-Star International Co., Ltd. (TPE:2377): Could It Be A Nice Addition To Your Dividend Portfolio?

Dividend paying stocks like Micro-Star International Co., Ltd. ( TPE:2377 ) tend to be popular with investors, and for...
Analysis Article • Apr 04

Micro-Star International (TPE:2377) Knows How To Allocate Capital Effectively

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Earnings and Revenue Growth Forecasts

TWSE:2377 - Analysts future estimates and past financials data (TWD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028250,044N/AN/AN/A1
12/31/2027242,5519,3337,3699,6805
12/31/2026225,1779,8059,05013,4335
3/31/2026232,9138,0871,3925,244N/A
12/31/2025230,1965,7484183,971N/A
9/30/2025224,0754,5775,2138,492N/A
6/30/2025218,4304,6137,76510,633N/A
3/31/2025203,7865,3788,32010,598N/A
12/31/2024197,8726,7932,6945,001N/A
9/30/2024195,5407,0719173,288N/A
6/30/2024192,3727,689-2,33721N/A
3/31/2024186,9917,561-3,360-2,472N/A
12/31/2023182,9667,5334,3185,008N/A
9/30/2023174,6017,33810,14510,876N/A
6/30/2023164,2496,59723,84024,631N/A
3/31/2023170,9737,66023,14623,918N/A
12/31/2022180,4119,96314,81815,639N/A
9/30/2022194,89713,29812,23913,543N/A
6/30/2022208,53816,159-923441N/A
3/31/2022206,84417,5183,8144,974N/A
12/31/2021201,81016,92111,05212,613N/A
9/30/2021188,44015,0335,1556,270N/A
6/30/2021176,98913,17811,16712,340N/A
3/31/2021166,00410,87912,62713,960N/A
12/31/2020146,5037,9609,85410,825N/A
9/30/2020136,6427,27812,25113,397N/A
6/30/2020128,7016,3777,4598,460N/A
3/31/2020119,5075,5316,7767,811N/A
12/31/2019120,4915,587N/A9,720N/A
9/30/2019118,1984,955N/A7,868N/A
6/30/2019114,0814,747N/A2,794N/A
3/31/2019116,2335,240N/A-1,218N/A
12/31/2018118,5276,041N/A84N/A
9/30/2018118,2986,657N/A297N/A
6/30/2018118,6946,764N/A4,535N/A
3/31/2018113,6495,671N/A7,816N/A
12/31/2017106,4204,937N/A2,375N/A
9/30/2017103,4414,833N/A795N/A
6/30/2017103,8914,835N/A3,491N/A
3/31/2017103,2345,107N/A4,246N/A
12/31/2016102,1914,888N/A5,038N/A
9/30/201699,7334,756N/A7,951N/A
6/30/201692,7344,286N/A6,149N/A
3/31/201688,5663,912N/A5,416N/A
12/31/201585,2953,706N/A5,728N/A
9/30/201582,9173,192N/A3,679N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2377's forecast earnings growth (7.3% per year) is above the savings rate (1.3%).

Earnings vs Market: 2377's earnings (7.3% per year) are forecast to grow slower than the TW market (27.1% per year).

High Growth Earnings: 2377's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2377's revenue (2.9% per year) is forecast to grow slower than the TW market (19.6% per year).

High Growth Revenue: 2377's revenue (2.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 2377's Return on Equity is forecast to be low in 3 years time (14.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/10 05:54
End of Day Share Price 2026/07/09 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Micro-Star International Co., Ltd. is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jaw-Wei HungCitigroup Inc
Albert HungJ.P. Morgan
Alex A YuKGI Securities Co. Ltd.