Taiwan Semiconductor Manufacturing Company Limited engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices.
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has Taiwan Semiconductor Manufacturing's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TSFA has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TSFA matched the Austrian Semiconductor industry which returned 59.5% over the past year.
Return vs Market: TSFA exceeded the Austrian Market which returned -21.2% over the past year.
Price Volatility Vs. Market
How volatile is Taiwan Semiconductor Manufacturing's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Taiwan Semiconductor Manufacturing undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TSFA (€59.4) is trading above our estimate of fair value (€29.87)
Significantly Below Fair Value: TSFA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TSFA is good value based on its PE Ratio (22.9x) compared to the XE Semiconductor industry average (31.6x).
PE vs Market: TSFA is poor value based on its PE Ratio (22.9x) compared to the Austrian market (11x).
Price to Earnings Growth Ratio
PEG Ratio: TSFA is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: TSFA is overvalued based on its PB Ratio (5.5x) compared to the XE Semiconductor industry average (2.4x).
How is Taiwan Semiconductor Manufacturing forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TSFA's forecast earnings growth (11.3% per year) is above the savings rate (0.5%).
Earnings vs Market: TSFA's earnings (11.3% per year) are forecast to grow slower than the Austrian market (21.8% per year).
High Growth Earnings: TSFA's earnings are forecast to grow, but not significantly.
Revenue vs Market: TSFA's revenue (9.7% per year) is forecast to grow faster than the Austrian market (3.3% per year).
High Growth Revenue: TSFA's revenue (9.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TSFA's Return on Equity is forecast to be high in 3 years time (24.9%)
How has Taiwan Semiconductor Manufacturing performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TSFA has a high level of non-cash earnings.
Growing Profit Margin: TSFA's current net profit margins (34.5%) are higher than last year (32.2%).
Past Earnings Growth Analysis
Earnings Trend: TSFA's earnings have grown by 4.4% per year over the past 5 years.
Accelerating Growth: TSFA's earnings growth over the past year (24.2%) exceeds its 5-year average (4.4% per year).
Earnings vs Industry: TSFA earnings growth over the past year (24.2%) exceeded the Semiconductor industry -20.9%.
Return on Equity
High ROE: TSFA's Return on Equity (23.9%) is considered high.
How is Taiwan Semiconductor Manufacturing's financial position?
Financial Position Analysis
Short Term Liabilities: TSFA's short term assets (NT$802.5B) exceed its short term liabilities (NT$589.5B).
Long Term Liabilities: TSFA's short term assets (NT$802.5B) exceed its long term liabilities (NT$76.8B).
Debt to Equity History and Analysis
Debt Level: TSFA's debt to equity ratio (12%) is considered satisfactory.
Reducing Debt: TSFA's debt to equity ratio has reduced from 20.6% to 12% over the past 5 years.
Debt Coverage: TSFA's debt is well covered by operating cash flow (330%).
Interest Coverage: TSFA earns more interest than it pays, so coverage of interest payments is not a concern.
What is Taiwan Semiconductor Manufacturing current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: TSFA's dividend (2.82%) is higher than the bottom 25% of dividend payers in the Austrian market (1.67%).
High Dividend: TSFA's dividend (2.82%) is low compared to the top 25% of dividend payers in the Austrian market (5.15%).
Stability and Growth of Payments
Stable Dividend: TSFA's dividends per share have been stable in the past 10 years.
Growing Dividend: TSFA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.7%), TSFA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TSFA's dividends in 3 years are forecast to be covered by earnings (64% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dr. C. C. Wei serves as CEO & Vice Chairman of Taiwan Semiconductor Manufacturing Company Ltd since June 05, 2018. He was a Co-Chief Executive Officer and President of Taiwan Semiconductor Manufacturing Co ...
CEO Compensation Analysis
Compensation vs Market: C.'s total compensation ($USD9.97M) is above average for companies of similar size in the Austrian market ($USD4.03M).
Compensation vs Earnings: C.'s compensation has increased by more than 20% in the past year.
|Vice Chairman & CEO||2.08yrs||NT$293.42m||0.028% NT$76.1m|
|VP & CFO||0.83yr||NT$16.93m||0.0064% NT$17.5m|
|Deputy Director of Investor Relations||no data||no data||no data|
|VP of Legal||no data||no data||0.0043% NT$11.9m|
|Senior Director of Corporate Communication Division||no data||no data||no data|
|Vice President of Human Resources||5.92yrs||no data||0.00063% NT$1.7m|
|Senior Vice President of Research & Development/Technology Development||no data||no data||0.0056% NT$15.3m|
|Senior Vice President of Operations & Product Development||3.67yrs||no data||0.035% NT$96.5m|
|Senior Vice President of Corporate Strategy Office||6.42yrs||no data||no data|
|Senior Vice President of Information Technology and Materials Management & Risk Management||1.67yrs||no data||0.052% NT$143.4m|
|Senior Vice President of Operations/Fab Operations||1.67yrs||no data||0.011% NT$29.1m|
|Senior Vice President of Research & Development and Technology Development||3.67yrs||no data||0.0039% NT$10.6m|
Experienced Management: TSFA's management team is considered experienced (2.9 years average tenure).
|Vice Chairman & CEO||2.08yrs||NT$293.42m||0.028% NT$76.1m|
|President of TSMC Japan Limited and Director of TSMC Japan Limited||no data||no data||no data|
|President of TSMC Europe BV and Director of TSMC Europe BV||no data||no data||no data|
|Independent Director||5.08yrs||NT$14.82m||no data|
|Independent Director||1.08yrs||NT$8.45m||no data|
|Chairman of the Board||2.08yrs||NT$293.42m||0.050% NT$136.8m|
|Independent Director||20.25yrs||NT$12.00m||0.0058% NT$15.9m|
|Independent Director||18.17yrs||NT$14.82m||no data|
|Independent Director||0.083yr||no data||no data|
|Independent Director||9.08yrs||NT$12.00m||0.000020% NT$54.9k|
Experienced Board: TSFA's board of directors are considered experienced (5.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Taiwan Semiconductor Manufacturing Company Limited's company bio, employee growth, exchange listings and data sources
- Name: Taiwan Semiconductor Manufacturing Company Limited
- Ticker: TSFA
- Exchange: WBAG
- Founded: 1987
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: NT$9.192t
- Listing Market Cap: NT$274.749b
- Shares outstanding: 25.93b
- Website: https://www.tsmc.com
Number of Employees
- Taiwan Semiconductor Manufacturing Company Limited
- Hsinchu Science Park
- No. 8, Li-Hsin Road 6
- Hsinchu City
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2330||TSEC (Taiwan Stock Exchange)||Yes||Common Shares||TW||TWD||Oct 1994|
|TSM||NYSE (New York Stock Exchange)||ADS EACH REPR 5 SHS||US||USD||Oct 1997|
|TSM N||BMV (Bolsa Mexicana de Valores)||ADS EACH REPR 5 SHS||MX||MXN||Oct 1997|
|TSFA||DB (Deutsche Boerse AG)||ADS EACH REPR 5 SHS||DE||EUR||Oct 1997|
|0LCV||LSE (London Stock Exchange)||ADS EACH REPR 5 SHS||GB||USD||Oct 1997|
|TSFA||WBAG (Wiener Boerse AG)||ADS EACH REPR 5 SHS||AT||EUR||Oct 1997|
|TSM||BASE (Buenos Aires Stock Exchange)||CEDEAR EA REP 3 ADS(REP 5 ORD TWD10)||AR||ARS||Jul 2007|
Taiwan Semiconductor Manufacturing Company Limited engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services. It is also involved in investing activities. The company serves customers in computer, communications, consumer, and industrial/standard segments in North America, Europe, Japan, China, South Korea, Asia Pacific, the Middle East, and Africa. Taiwan Semiconductor Manufacturing Company Limited was founded in 1987 and is headquartered in HsinChu, Taiwan.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/13 22:05|
|End of Day Share Price||2020/07/13 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.