Taiwan Semiconductor Manufacturing Co Ltd
NYSE:TSM
Intrinsic Value
Taiwan Semiconductor Manufacturing Co., Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. [ Read More ]
The intrinsic value of one TSM stock under the Base Case scenario is 108.13 USD. Compared to the current market price of 136.05 USD, Taiwan Semiconductor Manufacturing Co Ltd is Overvalued by 21%.
Valuation Backtest
Taiwan Semiconductor Manufacturing Co Ltd
Run backtest to discover the historical profit from buying and selling TSM stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
TSMC's Growth Amidst Industry Downturn
2023-Q4 Earnings Call
Despite a challenging 2023 with a decline in TSMC's revenue by 8.7% and a 2% fall in the semiconductor industry (excluding memory), TSMC outperformed the foundry industry with its technology leadership. The company is on track for 15%-20% CAGR growth over the coming years, targeting a low to mid-20% revenue increase in 2024, as communicated in their January 2022 Investor Conference. They are maintaining a disciplined capital management, with capital spending leveling off between $28 billion and $32 billion. Reflecting this, a minimum quarterly dividend of TWD 3.5 per share has been set, with 2024 dividends expected to be at least TWD 13.5 per share.
Balance Sheet Decomposition
Taiwan Semiconductor Manufacturing Co Ltd
Current Assets | 2.2T |
Cash & Short-Term Investments | 1.7T |
Receivables | 202B |
Other Current Assets | 277.2B |
Non-Current Assets | 3.3T |
Long-Term Investments | 129.4B |
PP&E | 3.1T |
Intangibles | 22.8B |
Other Non-Current Assets | 81.2B |
Current Liabilities | 913.6B |
Accounts Payable | 57.3B |
Accrued Liabilities | 325B |
Other Current Liabilities | 531.3B |
Non-Current Liabilities | 1.2T |
Long-Term Debt | 947B |
Other Non-Current Liabilities | 212.9B |
Earnings Waterfall
Taiwan Semiconductor Manufacturing Co Ltd
Revenue
|
2.2T
TWD
|
Cost of Revenue
|
-986.6B
TWD
|
Gross Profit
|
1.2T
TWD
|
Operating Expenses
|
-253.6B
TWD
|
Operating Income
|
921.5B
TWD
|
Other Expenses
|
-83B
TWD
|
Net Income
|
838.5B
TWD
|
Free Cash Flow Analysis
Taiwan Semiconductor Manufacturing Co Ltd
What is Free Cash Flow?
TSM Profitability Score
Profitability Due Diligence
Taiwan Semiconductor Manufacturing Co Ltd's profitability score is 72/100. The higher the profitability score, the more profitable the company is.
Score
Taiwan Semiconductor Manufacturing Co Ltd's profitability score is 72/100. The higher the profitability score, the more profitable the company is.
TSM Solvency Score
Solvency Due Diligence
Taiwan Semiconductor Manufacturing Co Ltd's solvency score is 86/100. The higher the solvency score, the more solvent the company is.
Score
Taiwan Semiconductor Manufacturing Co Ltd's solvency score is 86/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
TSM Price Targets Summary
Taiwan Semiconductor Manufacturing Co Ltd
According to Wall Street analysts, the average 1-year price target for TSM is 147.5 USD with a low forecast of 126.91 USD and a high forecast of 156.9 USD.
Shareholder Return
Price
Taiwan Semiconductor Manufacturing Co Ltd
Average Annual Return | 25.15% |
Standard Deviation of Annual Returns | 38.72% |
Max Drawdown | -15% |
Market Capitalization | 19.9T TWD |
Shares Outstanding | 25 935 000 000 |
Percentage of Shares Shorted |
N/A
|
TSM News
Last Important Events
Taiwan Semiconductor Manufacturing Co Ltd
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Taiwan Semiconductor Manufacturing Co Ltd
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Taiwan Semiconductor Manufacturing Co., Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. The company is headquartered in Hsinchu, Hsinchu. The firm is mainly engaged in the manufacture, sale and packaging test of integrated circuits and other semiconductor devices, the manufacture of masks, as well as the provision of computer-aided design services. The firm's products are applied to personal computer (PCs) and peripheral products, information applications, wired and wireless communication systems, industrial equipment, consumer electronics such as digital video disc players, digital TVs, game consoles and digital cameras. The firm is also engaged in the development of 5 nanometer process technology, mask technology, complementary metal oxide semiconductor (CMOS) image sensor technology, three dimensional (3D) IC and TSMC system on integrated chips (TSMC-SoIC) technology, among others. The firm distributes its products to the United States, Asia and Europe.
Contact
IPO
Employees
Officers
The intrinsic value of one TSM stock under the Base Case scenario is 108.13 USD.
Compared to the current market price of 136.05 USD, Taiwan Semiconductor Manufacturing Co Ltd is Overvalued by 21%.