Taiwan Semiconductor Manufacturing Valuation
Is TSMD undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of TSMD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TSMD ($21.7) is trading above our estimate of fair value ($21.55)
Significantly Below Fair Value: TSMD is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TSMD?
Key metric: As TSMD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is TSMD's PE Ratio? | |
|---|---|
| PE Ratio | 26x |
| Earnings | NT$1.04t |
| Market Cap | NT$26.97t |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 9.8x |
| Enterprise Value/EBITDA | 14.4x |
| PEG Ratio | 1.3x |
Price to Earnings Ratio vs Peers
How does TSMD's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 79.1x | ||
AVGO Broadcom | 139.8x | 43.0% | US$767.0b |
AMD Advanced Micro Devices | 123x | 40.5% | US$224.5b |
QCOM QUALCOMM | 17.2x | 7.1% | US$174.2b |
TXN Texas Instruments | 36.6x | 15.3% | US$180.6b |
TSMD Taiwan Semiconductor Manufacturing | 26x | 19.7% | US$27.0t |
Price-To-Earnings vs Peers: TSMD is good value based on its Price-To-Earnings Ratio (26x) compared to the peer average (79.1x).
Price to Earnings Ratio vs Industry
How does TSMD's PE Ratio compare vs other companies in the Global Semiconductor Industry?
| 13 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 13 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: TSMD is good value based on its Price-To-Earnings Ratio (26x) compared to the Global Semiconductor industry average (31.2x).
Price to Earnings Ratio vs Fair Ratio
What is TSMD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 26x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TSMD's Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.