Taiwan Semiconductor Manufacturing Co Ltd
NYSE:TSM

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Taiwan Semiconductor Manufacturing Co Ltd
NYSE:TSM
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Price: 276.96 USD -3.45% Market Closed
Market Cap: 1.4T USD

Relative Value

The Relative Value of one TSM stock under the Base Case scenario is 306.35 USD. Compared to the current market price of 276.96 USD, Taiwan Semiconductor Manufacturing Co Ltd is Undervalued by 10%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

TSM Relative Value
Base Case
306.35 USD
Undervaluation 10%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
14
vs Industry
19
Median 3Y
8.3
Median 5Y
8.9
Industry
3.4
Forward
9.6
vs History
42
vs Industry
35
Median 3Y
19.4
Median 5Y
22.8
Industry
30.3
Forward
22
vs History
12
vs Industry
39
Median 3Y
13.2
Median 5Y
14.2
Industry
19.2
vs History
15
vs Industry
24
Median 3Y
32.6
Median 5Y
30
Industry
25.6
vs History
14
vs Industry
13
Median 3Y
5.5
Median 5Y
6.3
Industry
2.6
vs History
20
vs Industry
18
Median 3Y
7.8
Median 5Y
8.5
Industry
3.7
Forward
9.1
vs History
39
vs Industry
31
Median 3Y
13.2
Median 5Y
15.7
Industry
12.2
vs History
23
vs Industry
40
Median 3Y
11.2
Median 5Y
12.6
Industry
18.8
Forward
13.3
vs History
46
vs Industry
34
Median 3Y
16.8
Median 5Y
19.3
Industry
25.4
Forward
18.5
vs History
14
vs Industry
38
Median 3Y
12.5
Median 5Y
13.6
Industry
19.4
vs History
47
vs Industry
22
Median 3Y
32.4
Median 5Y
39
Industry
24.8
vs History
1
vs Industry
17
Median 3Y
5.2
Median 5Y
6
Industry
2.1

Multiples Across Competitors

TSM Competitors Multiples
Taiwan Semiconductor Manufacturing Co Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
TW
Taiwan Semiconductor Manufacturing Co Ltd
NYSE:TSM
37T USD 10.2 23.3 14.1 19.5
US
NVIDIA Corp
NASDAQ:NVDA
4.2T USD 22.2 41.9 36.2 37.1
US
Broadcom Inc
NASDAQ:AVGO
1.5T USD 24.1 66.6 45.1 60.1
US
Advanced Micro Devices Inc
NASDAQ:AMD
321.5B USD 10 97.2 54.4 112.6
KR
SK Hynix Inc
KRX:000660
386.7T KRW 4.6 10.8 7.6 10.4
US
Micron Technology Inc
NASDAQ:MU
253B USD 6.8 29.6 14.1 26
US
Qualcomm Inc
NASDAQ:QCOM
185.1B USD 4.2 33.4 13.6 15.3
US
Intel Corp
NASDAQ:INTC
171.8B USD 3.2 867.7 16.5 -1 778.2
US
Texas Instruments Inc
NASDAQ:TXN
158.6B USD 9.2 31.6 21.2 27.8
US
Analog Devices Inc
NASDAQ:ADI
132.7B USD 12 58.5 27.5 45.8
UK
Arm Holdings PLC
NASDAQ:ARM
121.6B USD 27.6 146.5 110.3 137.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
TW
Taiwan Semiconductor Manufacturing Co Ltd
NYSE:TSM
Average EV/EBIT: 49.2
19.5
28%
0.7
US
NVIDIA Corp
NASDAQ:NVDA
37.1
51%
0.7
US
Broadcom Inc
NASDAQ:AVGO
60.1
50%
1.2
US
Advanced Micro Devices Inc
NASDAQ:AMD
112.6
111%
1
KR
SK Hynix Inc
KRX:000660
10.4
50%
0.2
US
Micron Technology Inc
NASDAQ:MU
26
42%
0.6
US
Qualcomm Inc
NASDAQ:QCOM
15.3
8%
1.9
US
Intel Corp
NASDAQ:INTC
Negative Multiple: -1 778.2 N/A N/A
US
Texas Instruments Inc
NASDAQ:TXN
27.8
16%
1.7
US
Analog Devices Inc
NASDAQ:ADI
45.8
34%
1.3
UK
Arm Holdings PLC
NASDAQ:ARM
137.3
60%
2.3