Micro-Star International Co Ltd
TWSE:2377

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Micro-Star International Co Ltd Logo
Micro-Star International Co Ltd
TWSE:2377
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Price: 100 TWD 2.67% Market Closed
Market Cap: NT$84.5B

EV/IC

1.2
Current
52%
Cheaper
vs 3-y average of 2.5

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.2
=
Enterprise Value
NT$58.1B
/
Invested Capital
NT$53.3B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.2
=
Enterprise Value
NT$58.1B
/
Invested Capital
NT$53.3B

Valuation Scenarios

Micro-Star International Co Ltd is trading below its 3-year average

If EV/IC returns to its 3-Year Average (2.5), the stock would be worth NT$207.12 (107% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-2%
Maximum Upside
+107%
Average Upside
51%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 1.2 NT$100
0%
3-Year Average 2.5 NT$207.12
+107%
5-Year Average 2.3 NT$189.98
+90%
Industry Average 1.3 NT$107.94
+8%
Country Average 1.2 NT$97.86
-2%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close

Market Distribution

In line with most companies in Taiwan
Percentile
51st
Based on 869 companies
51st percentile
1.2
Low
0 — 0.9
Typical Range
0.9 — 1.8
High
1.8 —
Distribution Statistics
Taiwan
Min 0
30th Percentile 0.9
Median 1.2
70th Percentile 1.8
Max 1 954.3

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 55%
Intrinsic Value
Price NT$100
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