Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices.
Flawless balance sheet established dividend payer.
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: 2330's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 2330 exceeded the TW Semiconductor industry which returned 6.8% over the past year.
Return vs Market: 2330 exceeded the TW Market which returned -10.3% 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
1 week ago | Simply Wall StWhat Kind Of Shareholders Own Taiwan Semiconductor Manufacturing Company Limited (TPE:2330)?
3 weeks ago | Simply Wall StWhy You Should Leave Taiwan Semiconductor Manufacturing Company Limited's (TPE:2330) Upcoming Dividend On The Shelf
3 weeks ago | Simply Wall StIs Taiwan Semiconductor Manufacturing (TPE:2330) Using Too Much Debt?
Is Taiwan Semiconductor Manufacturing undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2330 (NT$271.5) is trading below our estimate of fair value (NT$362.85)
Significantly Below Fair Value: 2330 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2330 is poor value based on its PE Ratio (20.4x) compared to the Semiconductor industry average (14.5x).
PE vs Market: 2330 is poor value based on its PE Ratio (20.4x) compared to the TW market (13.8x).
Price to Earnings Growth Ratio
PEG Ratio: 2330 is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: 2330 is overvalued based on its PB Ratio (4.3x) compared to the TW Semiconductor industry average (1.3x).
How is Taiwan Semiconductor Manufacturing forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2330's forecast earnings growth (14.3% per year) is above the savings rate (0.7%).
Earnings vs Market: 2330's earnings (14.3% per year) are forecast to grow faster than the TW market (11.1% per year).
High Growth Earnings: 2330's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2330's revenue (11.3% per year) is forecast to grow faster than the TW market (7% per year).
High Growth Revenue: 2330's revenue (11.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2330's Return on Equity is forecast to be high in 3 years time (28.3%)
How has Taiwan Semiconductor Manufacturing performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2330 has high quality earnings.
Growing Profit Margin: 2330's current net profit margins (32.3%) are lower than last year (34%).
Past Earnings Growth Analysis
Earnings Trend: 2330's earnings have grown by 4.6% per year over the past 5 years.
Accelerating Growth: 2330's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2330 had negative earnings growth (-1.7%) over the past year, making it difficult to compare to the Semiconductor industry average (-1.7%).
Return on Equity
High ROE: 2330's Return on Equity (21.3%) is considered high.
How is Taiwan Semiconductor Manufacturing's financial position?
Financial Position Analysis
Short Term Liabilities: 2330's short term assets (NT$822.6B) exceed its short term liabilities (NT$590.7B).
Long Term Liabilities: 2330's short term assets (NT$822.6B) exceed its long term liabilities (NT$52.0B).
Debt to Equity History and Analysis
Debt Level: 2330's debt to equity ratio (10.8%) is considered satisfactory.
Reducing Debt: 2330's debt to equity ratio has reduced from 24.4% to 10.8% over the past 5 years.
Debt Coverage: 2330's debt is well covered by operating cash flow (350.7%).
Interest Coverage: 2330 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Taiwan Semiconductor Manufacturing's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 2330's dividend (3.68%) is higher than the bottom 25% of dividend payers in the TW market (3.27%).
High Dividend: 2330's dividend (3.68%) is low compared to the top 25% of dividend payers in the TW market (7.1%).
Stability and Growth of Payments
Stable Dividend: 2330's dividends per share have been stable in the past 10 years.
Growing Dividend: 2330's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (71.3%), 2330's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2330's dividends in 3 years are forecast to be covered by earnings (69.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dr. C. C. Wei serves as CEO & Vice Chairman of Taiwan Semiconductor Manufacturing Company Ltd since June 05, 2018. He was a Co-Chief Executive Officer and President of Taiwan Semiconductor Manufacturing Co ...
CEO Compensation Analysis
Compensation vs Market: C.'s total compensation ($USD7.82M) is above average for companies of similar size in the TW market ($USD1.27M).
Compensation vs Earnings: C.'s compensation has been consistent with company performance over the past year.
|Vice Chairman & CEO||1.83yrs||NT$236.58m||0.028% NT$2.0b|
|Vice President||no data||no data||0.0014% NT$99.8m|
|VP & CFO||0.58yr||no data||0.0064% NT$467.4m|
|Deputy Director of Investor Relations||no data||no data||no data|
|VP of Legal & General Counsel||no data||no data||0.0030% NT$217.9m|
|Senior Director of Corporate Communication Division||no data||no data||no data|
|Vice President of Human Resources||5.67yrs||no data||0.00054% NT$39.6m|
|Senior Vice President of Research & Development/Technology Development||no data||no data||0.0056% NT$408.0m|
|Senior Vice President of Operations & Product Development||3.42yrs||no data||0.035% NT$2.6b|
|Senior Vice President of Corporate Strategy Office||6.17yrs||no data||no data|
Experienced Management: 2330's management team is considered experienced (3.4 years average tenure).
|Vice Chairman & CEO||1.83yrs||NT$236.58m||0.028% NT$2.0b|
|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||4.83yrs||NT$14.49m||no data|
|Chairman of the Board||1.83yrs||NT$149.94m||0.050% NT$3.7b|
|Independent Director||20yrs||NT$12.00m||0.0058% NT$423.4m|
|Independent Director||17.92yrs||NT$14.49m||no data|
|Independent Director||8.83yrs||NT$12.00m||0.000020% NT$1.5m|
Experienced Board: 2330's board of directors are considered experienced (6.8 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: 2330
- Exchange: TSEC
- Founded: 1987
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: NT$7.338t
- 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 CNV INTO 5 ORD TWD10||US||USD||Oct 1997|
|TSM N||BMV (Bolsa Mexicana de Valores)||ADS EACH CNV INTO 5 ORD TWD10||MX||MXN||Oct 1997|
|TSFA||DB (Deutsche Boerse AG)||ADS EACH CNV INTO 5 ORD TWD10||DE||EUR||Oct 1997|
|0LCV||LSE (London Stock Exchange)||ADS EACH CNV INTO 5 ORD TWD10||GB||USD||Oct 1997|
|TSFA||WBAG (Wiener Boerse AG)||ADS EACH CNV INTO 5 ORD TWD10||AT||EUR||Oct 1997|
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, 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 operates in North America, China, Japan, Asia Pacific, Europe, 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||2020/04/07 15:30|
|End of Day Share Price||2020/04/07 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.