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Company Analysis

Taiwan Semiconductor Manufactur TSM

A comprehensive view of key metrics, scores, and financial health for Taiwan Semiconductor Manufactur

Overview of Taiwan Semiconductor Manufacturing Company Limited

TSM NYQ
Technology Semiconductors Framework: General Corporate Mega Cap
Taiwan Semiconductor Manufacturing Company Limited (TSM), is a Mega Cap company, in the Semiconductors industry, last closed at $398.63, about 81.2% overvalued vs fair value, +37.8% 1Y return, placing in the top 10% of its sector.
Metrics P/E 29.0× Rev Growth 31.6% ROE 35.4% Gross Margin 59.9% Div Yield 1.17%
USD 398.63
-1.85%
(Delayed)
• Vol 90d: 38.9%
52-Week Range
Market Cap
$1.85T
Enterprise Value
$1.79T
Overall Score
View breakdown
Overall
Growth
Good
Profitability
Good
Health
Fair
Efficiency
Weak
Valuation
Good
Growth
Good
Profitability
Good
Health
Fair
Efficiency
Weak
Valuation
Good
Completeness: 100%
Confidence: 97%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.tsmc.com
HQ Hsinchu City
Employees 76,916
Fiscal year Dec 31

Next Events

Dividend Jan 7 Ex-div: Dec 10
Earnings Jan 14 Estimated

Fair Value Snapshot

Bear Base Bull
$68
$75
$82
Current: $398.63 -81% vs base

Engine Room Money Flow™

Mega Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
TWD 3.8T
31.6%%
Gross Profit
TWD 2.3T
40.4%%
Operating Income
TWD 1.9T
46.4%%
Net Income
TWD 1.7T
46.5%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio FY2025
58.5%
Fair

Operating Cash Flow / Net Income

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
-
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

TWD 466.8B
47.0% of FCF

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
2
Active Leaks
2/2
Improving
0
High Impact
0
Critical
Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Taiwan Semiconductor Manufactur's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
84
/100
Strong
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Margins Consistently Above Peers Gross margin at 59.9% (top 23%) and operating margin at 50.8% (top 6%) indicate strong pricing power.
  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.89), demonstrating pricing resilience across cycles.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
87
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing TSM's balance between Growth (32.2%), Profitability (37.5%), and Safety (30.3%). Growth 32% Safety 30% Profitability 38%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

81th percentile vs peers
82
Key Signals
Rev Growth YoY 31.6% 88p Revenue CAGR 3Y 18.9% 83p EPS Growth YoY 46.5% 71p EPS CAGR 3Y 19.6% 75p TSR 55.7% 85p
Strengths
  • Growth performance in top 20% of peers (percentile: 81)
  • Rev Growth YoY in top 20% of peers (31.6%, 88th percentile)
  • Revenue CAGR 3Y in top 20% of peers (18.9%, 83th percentile)
  • Interest Coverage Ratio in top 20% of peers (166.04, 95th percentile)
Risks

No significant risks identified for this axis.

Profitability

95th percentile vs peers
95
Key Signals
Strengths
Risks
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Safety

76th percentile vs peers
77
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Taiwan Semiconductor Manufactur.

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$75.04
- - -
-81.2% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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