Taiwan Semiconductor Manufacturing Co Ltd
F:TSFA
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Intrinsic Value
The intrinsic value of 
Taiwan Semiconductor Manufacturing Co Ltd (TSFA) under the Base Case is 394.3 EUR per share.
Compared with the current market price of 337.5 EUR, the stock appears
Undervalued by 14% .
The intrinsic value is the average of valuations using the DCF method and multiples.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Taiwan Semiconductor Manufacturing Does
Taiwan Semiconductor Manufacturing Co Ltd, better known as TSMC, makes computer chips for other companies. It does not usually design its own branded chips; instead, it acts as a foundry, turning chip designs from customers into physical semiconductors used in phones, data centers, cars, and electronics. Its main customers are chip designers and technology companies that need advanced manufacturing they cannot build efficiently themselves.
- Headquarters
- Taiwan TW
- Employees
- 76 907
- IPO date
- Sep 5, 1994
Taiwan Semiconductor Manufacturing has a wide economic moat
Customers build their chip designs around TSMC’s manufacturing methods, making a move to another producer costly and time-consuming. Its protected production technology and ability to spread factory and development costs across enormous production volumes also make it difficult for rivals to match its capabilities and costs.
Read the full moat analysis
Revenue & Expenses Breakdown
Taiwan Semiconductor Manufacturing Co Ltd
Earnings Waterfall
Taiwan Semiconductor Manufacturing Co Ltd
What is the Intrinsic Value of one TSFA stock?
The intrinsic value for Taiwan Semiconductor Manufacturing Co Ltd (TSFA) under the Base Case is 394.3 EUR.
Is TSFA stock undervalued or overvalued?
Compared with the current market price of 337.5 EUR, the stock appears Undervalued by 14% .
