Micro-Star International Co Ltd (2377) - Net Assets

Latest as of September 2025: NT$52.12 Billion TWD ≈ $1.64 Billion USD

Based on the latest financial reports, Micro-Star International Co Ltd (2377) has net assets worth NT$52.12 Billion TWD (≈ $1.64 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$122.59 Billion ≈ $3.86 Billion USD) and total liabilities (NT$70.47 Billion ≈ $2.22 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check 2377 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets NT$52.12 Billion
% of Total Assets 42.52%
Annual Growth Rate 7.83%
5-Year Change 48.77%
10-Year Change 105.4%
Growth Volatility 12.61

Micro-Star International Co Ltd - Net Assets Trend (2000–2024)

This chart illustrates how Micro-Star International Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Micro-Star International Co Ltd (2377) total assets for the complete picture of this company's asset base.

Annual Net Assets for Micro-Star International Co Ltd (2000–2024)

The table below shows the annual net assets of Micro-Star International Co Ltd from 2000 to 2024. For live valuation and market cap data, see 2377 company net worth.

Year Net Assets Change
2024-12-31 NT$52.87 Billion
≈ $1.67 Billion		 +5.37%
2023-12-31 NT$50.18 Billion
≈ $1.58 Billion		 +3.68%
2022-12-31 NT$48.40 Billion
≈ $1.52 Billion		 +2.80%
2021-12-31 NT$47.08 Billion
≈ $1.48 Billion		 +32.47%
2020-12-31 NT$35.54 Billion
≈ $1.12 Billion		 +14.60%
2019-12-31 NT$31.01 Billion
≈ $977.06 Million		 +3.56%
2018-12-31 NT$29.95 Billion
≈ $943.46 Million		 +7.71%
2017-12-31 NT$27.80 Billion
≈ $875.96 Million		 +3.39%
2016-12-31 NT$26.89 Billion
≈ $847.20 Million		 +4.46%
2015-12-31 NT$25.74 Billion
≈ $811.01 Million		 +4.93%
2014-12-31 NT$24.53 Billion
≈ $772.91 Million		 +6.95%
2013-12-31 NT$22.94 Billion
≈ $722.66 Million		 +6.26%
2012-12-31 NT$21.59 Billion
≈ $680.12 Million		 -7.30%
2011-12-31 NT$23.29 Billion
≈ $733.67 Million		 -5.27%
2010-12-31 NT$24.58 Billion
≈ $774.47 Million		 -3.20%
2009-12-31 NT$25.39 Billion
≈ $800.05 Million		 -1.19%
2008-12-31 NT$25.70 Billion
≈ $809.70 Million		 +7.08%
2007-12-31 NT$24.00 Billion
≈ $756.13 Million		 +13.22%
2006-12-31 NT$21.20 Billion
≈ $667.82 Million		 +5.08%
2005-12-31 NT$20.17 Billion
≈ $635.53 Million		 +6.19%
2004-12-31 NT$19.00 Billion
≈ $598.50 Million		 -3.65%
2003-12-31 NT$19.72 Billion
≈ $621.17 Million		 +18.12%
2002-12-31 NT$16.69 Billion
≈ $525.89 Million		 +29.04%
2001-12-31 NT$12.94 Billion
≈ $407.54 Million		 +49.46%
2000-12-31 NT$8.65 Billion
≈ $272.68 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Micro-Star International Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 1252.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings NT$33.43 Billion 63.23%
Common Stock NT$8.45 Billion 15.98%
Other Components NT$11.00 Billion 20.80%
Total Equity NT$52.87 Billion 100.00%

Micro-Star International Co Ltd Competitors by Market Cap

The table below lists competitors of Micro-Star International Co Ltd ranked by their market capitalization.

Company Market Cap
Marketech International Corp
TW:6196
 $2.60 Billion
APERAM S.A. NY SHS/1 O.N.
F:7AAN
 $2.60 Billion
Qingdao Sentury Tire Co Ltd
SHE:002984
 $2.60 Billion
PTC INDUSTRIES LTD
NSE:PTCIL
 $2.61 Billion
By health
SHE:300146
 $2.60 Billion
Wesdome Gold Mines Ltd.
TO:WDO
 $2.60 Billion
Trump Media & Technology Group Corp.
NASDAQ:DJT
 $2.60 Billion
Luoyang Xinqianglian Slewing Bearin
SHE:300850
 $2.60 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Micro-Star International Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 50,180,264,000 to 52,874,054,000, a change of 2,693,790,000 (5.4%).
  • Net income of 6,792,772,000 contributed positively to equity growth.
  • Dividend payments of 4,561,602,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 8,898,132,000.
  • Other factors increased equity by 9,360,752,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income NT$6.79 Billion +12.85%
Dividends Paid NT$4.56 Billion -8.63%
Other Comprehensive Income NT$-8.90 Billion -16.83%
Other Changes NT$9.36 Billion +17.7%
Total Change NT$- 5.37%

Book Value vs Market Value Analysis

This analysis compares Micro-Star International Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.57x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 4.77x to 1.57x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2006-12-31 NT$20.50 NT$97.70 x
2007-12-31 NT$22.63 NT$97.70 x
2008-12-31 NT$22.05 NT$97.70 x
2009-12-31 NT$23.68 NT$97.70 x
2010-12-31 NT$20.34 NT$97.70 x
2011-12-31 NT$21.30 NT$97.70 x
2012-12-31 NT$23.65 NT$97.70 x
2013-12-31 NT$26.80 NT$97.70 x
2014-12-31 NT$28.70 NT$97.70 x
2015-12-31 NT$30.06 NT$97.70 x
2016-12-31 NT$31.54 NT$97.70 x
2017-12-31 NT$32.62 NT$97.70 x
2018-12-31 NT$35.12 NT$97.70 x
2019-12-31 NT$36.39 NT$97.70 x
2020-12-31 NT$41.71 NT$97.70 x
2021-12-31 NT$55.03 NT$97.70 x
2022-12-31 NT$56.61 NT$97.70 x
2023-12-31 NT$59.06 NT$97.70 x
2024-12-31 NT$62.26 NT$97.70 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Micro-Star International Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 12.85%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.43%
  • • Asset Turnover: 2.05x
  • • Equity Multiplier: 1.83x
  • Recent ROE (12.85%) is below the historical average (13.98%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 25.01% 8.63% 1.39x 2.08x NT$1.30 Billion
2001 29.65% 9.56% 1.53x 2.03x NT$2.54 Billion
2002 20.01% 5.81% 1.65x 2.09x NT$1.67 Billion
2003 15.13% 4.52% 1.60x 2.09x NT$1.01 Billion
2004 2.37% 0.65% 1.62x 2.23x NT$-1.45 Billion
2005 5.83% 1.58% 1.85x 1.99x NT$-841.35 Million
2006 5.88% 1.54% 1.87x 2.03x NT$-872.64 Million
2007 12.14% 3.03% 1.91x 2.10x NT$512.70 Million
2008 8.83% 2.23% 2.00x 1.98x NT$-300.38 Million
2009 0.95% 0.29% 1.65x 1.96x NT$-2.30 Billion
2010 2.12% 0.58% 1.87x 1.95x NT$-1.94 Billion
2011 1.40% 0.41% 1.98x 1.71x NT$-2.00 Billion
2012 4.01% 1.29% 1.80x 1.73x NT$-1.29 Billion
2013 8.60% 2.74% 1.73x 1.82x NT$-320.90 Million
2014 12.29% 3.55% 1.83x 1.89x NT$560.61 Million
2015 14.40% 4.35% 1.83x 1.81x NT$1.13 Billion
2016 18.18% 4.78% 2.02x 1.88x NT$2.20 Billion
2017 17.76% 4.64% 2.17x 1.77x NT$2.16 Billion
2018 20.17% 5.10% 2.15x 1.84x NT$3.05 Billion
2019 18.02% 4.64% 2.00x 1.95x NT$2.49 Billion
2020 22.40% 5.43% 1.87x 2.21x NT$4.41 Billion
2021 35.94% 8.38% 1.99x 2.16x NT$12.21 Billion
2022 20.58% 5.52% 2.08x 1.79x NT$5.12 Billion
2023 15.01% 4.12% 2.02x 1.80x NT$2.51 Billion
2024 12.85% 3.43% 2.05x 1.83x NT$1.51 Billion

Industry Comparison

This section compares Micro-Star International Co Ltd's net assets metrics with peer companies in the Computer Hardware industry.

Industry Context

  • Industry: Computer Hardware
  • Average net assets among peers: $37,332,807,700
  • Average return on equity (ROE) among peers: -1.65%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Micro-Star International Co Ltd (2377) NT$52.12 Billion 25.01% 1.35x $2.60 Billion
Solytech Enterprise Corp (1471) $1.00 Billion -31.82% 0.68x $53.55 Million
Lite-On Technology Corp (2301) $79.28 Billion 11.88% 1.66x $11.87 Billion
Microtek International Inc (2305) $2.23 Billion -0.87% 0.17x $100.28 Million
Kinpo Electronics Inc (2312) $14.67 Billion 10.08% 0.70x $1.31 Billion
CMC Magnetics Corp (2323) $33.57 Billion -1.91% 0.45x $348.35 Million
Compal Electronics Inc (2324) $115.99 Billion 8.07% 3.03x $3.98 Billion
Elitegroup Computer Systems Co Ltd (2331) $11.02 Billion 0.42% 1.12x $360.88 Million
Ritek Corp (2349) $9.39 Billion -2.63% 0.94x $272.09 Million
Qisda Corp (2352) $31.13 Billion -5.81% 2.57x $975.88 Million
Acer Inc (2353) $75.03 Billion -3.88% 2.02x $2.61 Billion

About Micro-Star International Co Ltd

TW:2377 Taiwan Computer Hardware
Market Cap
$2.60 Billion
NT$82.54 Billion TWD
Market Cap Rank
#5377 Global
#154 in Taiwan
Share Price
NT$97.70
Change (1 day)
-2.30%
52-Week Range
NT$85.00 - NT$152.50
All Time High
NT$211.00
Categories
Companies in Taiwan Computer Hardware Technology AI & Machine Learning
About

Micro-Star International Co., Ltd. engages in the manufacture and sale of motherboards, interface cards, notebook computers, and other electronic products in Asia, Europe, the United States, and internationally. Its products portfolio includes laptops, handhelds, monitors and desktop computers, graphics cards, routers, motherboards and PC peripherals, gaming peripherals, network equipment, server… Read more