Value Sense
TSM

Taiwan Semiconductor Manufacturing Company Limited (TSM)

Last Price$173.0(4.2%)
Market Cap$917.5B

TSM Rating

TSM Quality rating
8.4
How this score works?
TSM Quality rating performance

TSM Intrinsic Value

Key Highlights:
Relative Value vs Current Share Price
As of Mar 03, 2025 TSM Relative Value is $565.1, which is undervalued by 226.7%, compared to current share price of $173.0.
DCF Value vs Current Share Price
As of Mar 03, 2025 TSM DCF Value is N/A, which is undervalued by N/A, compared to current share price of $173.0.
Methodology
Price per share, $
TSM
Intrinsic value$552.1
Undervalued by219.2%
Current share price
173.0
Relative value
565.1
DCF value
not available

TSM Share Price History

1W (9.7%)
1M (13.4%)
6M 8.4%
YTD 72.3%
1Y 26.5%
3Y 65.9%
5Y 240.1%
10Y 779.8%
Share Price
Intrinsic Value
Drawdown
Total Return
vs SP500
vs NASDAQ
Crunching data... Almost there!

TSM Stock Metrics

Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Base
Market Cap
$917.5B
Enterprise Value
$873.9B
LTM Revenue
NT$2,894.3B
LTM Free Cash Flow
NT$894.9B
Shares Outstanding
5,305M
Employees
N/A
Growth (CAGR)
Revenue 5Y
22.0%
Operating Income 5Y
28.8%
EPS 5Y
27.73%
Free Cash Flow 5Y
42.5%
Forward Revenue 2Y
28.1%
Forward EPS 2Y
564.02%
Profitability
Gross margin
55.8%
EBIT margin
45.7%
Net income margin
40.5%
OCF margin
64.3%
FCF margin
30.9%
FCF / Net Income
76.3%
Intrinsic Value
Intrinsic Value
$552.1 (219.2% undervalued)
DCF Value
N/A
Relative Value
$552.1
Peter Lynch fair value
$1,222.9
Ben Graham fair value
$674.9
Reverse DCF (implied FCF growth)
16.1%
EPV, % of EV
32.7%
Valuation (LTM)
EV / Revenue
9.9x
EV / EBIT
21.7x
P / FCF
33.8x
P / E
25.7x
P / BV
7.0x
PEG
0.0x
FCF Yield
3.0%
Return on Capital
ROE
28.1%
ROA
18.3%
ROIC
30.8%
ROCE
21.9%
ROE 5Y avg
31.1%
ROIC 5Y avg
30.5%
ROCE 5Y avg
30.5%
Financial Health
Cash & Short-term Investments
NT$2,422.0B
Net Debt
(NT$1,435.6B)
Net Debt / FCF
(1.6x)
EBIT / Interest
248.0x
Total Debt / Equity
22.8%
Dividends
Dividends per share (DPS)
NT$69.9
DPS 5Y CAGR
8.6%
Dividend Yield
1.2%
FCF Payout ratio
40.6%
Ex-dividend date
Mar 18, 2025
Earnings
Next earnings date
Jul 16, 2025
Last Revenue surprise
BEAT by 0.2%
Last EPS surprise
BEAT by 3.1%
Next EPS YoY growth
12.0%
Last 10 earnings
10 Beat & null Miss

TSM Stock Financials

TSM Income Statement Metrics

Annual
Quarterly
LTM

Revenue

$90.0B +33.9% YoY

Operating Income

$41.1B +43.5% YoY

Net Income

$36.5B +37.7% YoY

TSM Cash Flow Statement Metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$56.8B +48.7% YoY

Capital Expenditure (CAPEX)

($29.7B) +6.6% YoY

Free Cash Flow (FCF)

$27.1B +159.0% YoY

TSM Income Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Revenue
$90.0B 33.9% YoY
Gross profit
$50.5B 38.2% YoY
56.1% margin
Cost of revenue
$39.5B 28.7% YoY
Operating income
$41.1B 43.5% YoY
45.7% margin
Other: $2,606.6M
Operating expenses
$9,404.8M 19.2% YoY
Pre-tax income
$43.7B 43.6% YoY
48.6% margin
Net income
$36.5B 37.7% YoY
40.5% margin
Income tax
$7,261.5M
16.6% tax rate
R&D
$6,352.2M 12.0% YoY
7.1% of revenue
SG&A
$3,014.3M 35.6% YoY
3.3% of revenue

TSM Balance Sheet Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Assets
Liabilities
Total assets
N/A
Current assets (N/A, N/A of total)
Other current assets
N/A (N/A)
Non-current assets (N/A, N/A of total)
Other non-current assets
N/A (N/A)
Financial position
Net Debt
$0.0
N/A$0.0
Cash & Short-term Investments
Total Debt
Quick ratio
N/A
Net Debt to Free Cash Flow
N/A
Debt to Equity ratio
N/A

TSM Stock Ratios

Annual
Quarterly
LTM
Industry Median
5Y Historical Average
Benchmark
Revenue growth
EPS growth
Gross margin
Free Cash Flow margin
Net Debt to FCF
FCF to Interest
ROIC
Shareholder yield

TSM Earnings Surprises

Crunching data... Almost there!

TSM Dividends

TSM Dividend Yield

Crunching data... Almost there!

TSM Dividend Per Share

3Y
10Y
30Y
Annual
Quarterly
LTM
1Y Growth
25.9%
3Y CAGR
12.6%
5Y CAGR
8.6%
10Y CAGR
19.2%

Competing with TSM

Overview
Ratings
Intrinsic Value
Valuation
Growth
Profitability
Health
Capital allocation
Momentum
Earnings
Dividends
Company name
Market Cap
Quality rating
Intrinsic value
1Y Return
Revenue
Free Cash Flow
Revenue growth
FCF margin
Gross margin
ROIC
Total Debt to Equity
TSM
$917.5B
8.4
$552.1
219.2% undervalued
26.5%
NT$2,894.3B
NT$894.9B
33.9%
30.9%
55.8%
30.8%
22.8%
NVDA
$2,913.7B
8.3
$56.7
50.2% overvalued
33.7%
$130.5B
$60.9B
114.2%
46.6%
75.0%
191.2%
12.6%
AVGO
$911.1B
7.1
$94.1
49.8% overvalued
33.6%
$51.6B
$19.4B
44.0%
37.6%
60.2%
7.3%
99.8%
ASML
$285.6B
7.3
$613.1
12.4% overvalued
(29.5%)
€28.3B
€9,084.6M
2.6%
32.1%
51.3%
25.2%
19.9%
TXN
$181.5B
6.0
$139.1
28.5% overvalued
15.0%
$15.6B
$1,498.0M
(10.7%)
9.6%
58.1%
19.7%
80.4%
QCOM
$176.3B
7.6
$282.7
84.0% undervalued
(6.4%)
$40.7B
$12.7B
12.1%
31.3%
56.0%
42.4%
54.2%
AMD
$164.7B
7.0
$130.4
32.8% undervalued
(52.2%)
$25.8B
$2,405.0M
13.7%
9.3%
51.1%
2.7%
0.9%
ARM
$135.4B
6.5
$34.3
71.7% overvalued
(12.3%)
$3,694.0M
$626.0M
25.7%
16.9%
94.7%
16.0%
4.2%
AMAT
$127.9B
7.1
$235.1
54.5% undervalued
(26.9%)
$27.6B
$5,935.0M
4.3%
21.5%
47.7%
36.4%
33.6%
ADI
$115.1B
5.9
$157.5
31.1% overvalued
18.8%
$9,337.6M
$3,184.0M
(19.3%)
34.1%
53.1%
4.3%
21.6%
MU
$104.8B
5.9
$260.1
187.3% undervalued
(5.1%)
$29.1B
$554.0M
79.8%
1.9%
30.9%
7.6%
29.8%

FAQ

What is Taiwan Semiconductor Manufacturing Company Limited (TSM) stock rating?

As of today, Taiwan Semiconductor Manufacturing Company Limited has a stock rating of 8 (out of 10), which is considered Great.

is Taiwan Semiconductor Manufacturing Company Limited (TSM) a good stock to buy?

As of today, Taiwan Semiconductor Manufacturing Company Limited has a Great stock rating, which is 219.2% undervalued. According to Value Sense backtesting, stocks with similar profile tend to outperform the market by 12.8%.