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2330

Taiwan Semiconductor ManufacturingTWSE:2330 Stock Report

Market Cap

NT$15.6t

7D

0.3%

1Y

39.5%

Updated

27 Sep, 2021

Data

Company Financials +
2330 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance5/6
Financial Health5/6
Dividends4/6

2330 Overview

Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors.

Taiwan Semiconductor Manufacturing Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Taiwan Semiconductor Manufacturing
Historical stock prices
Current Share PriceNT$602.00
52 Week HighNT$424.50
52 Week LowNT$679.00
Beta1
1 Month Change0.50%
3 Month Change1.18%
1 Year Change39.51%
3 Year Change128.90%
5 Year Change223.66%
Change since IPO2,583.91%

Recent News & Updates

Shareholder Returns

2330TW SemiconductorTW Market
7D0.3%-0.2%0.01%
1Y39.5%51.9%40.8%

Return vs Industry: 2330 underperformed the TW Semiconductor industry which returned 51.9% over the past year.

Return vs Market: 2330 underperformed the TW Market which returned 40.8% over the past year.

Price Volatility

Is 2330's price volatile compared to industry and market?
2330 volatility
2330 Beta1
Industry Beta1
Market Beta1

Stable Share Price: 2330 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 2330's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987n/aC. C. Weihttps://www.tsmc.com

Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.

Taiwan Semiconductor Manufacturing Fundamentals Summary

How do Taiwan Semiconductor Manufacturing's earnings and revenue compare to its market cap?
2330 fundamental statistics
Market CapNT$15.61t
Earnings (TTM)NT$554.13b
Revenue (TTM)NT$1.45t

28.2x

P/E Ratio

10.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2330 income statement (TTM)
RevenueNT$1.45t
Cost of RevenueNT$690.84b
Gross ProfitNT$761.68b
ExpensesNT$207.55b
EarningsNT$554.13b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)21.37
Gross Margin52.44%
Net Profit Margin38.15%
Debt/Equity Ratio27.7%

How did 2330 perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

49%

Payout Ratio

Does 2330 pay a reliable dividends?

See 2330 dividend history and benchmarks
When do you need to buy 2330 by to receive an upcoming dividend?
Taiwan Semiconductor Manufacturing dividend dates
Ex Dividend DateDec 16 2021
Dividend Pay DateJan 13 2022
Days until Ex dividend79 days
Days until Dividend pay date107 days

Does 2330 pay a reliable dividends?

See 2330 dividend history and benchmarks

Valuation

Is Taiwan Semiconductor Manufacturing undervalued compared to its fair value and its price relative to the market?

6.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2330 (NT$602) is trading below our estimate of fair value (NT$643.71)

Significantly Below Fair Value: 2330 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 2330 is poor value based on its PE Ratio (28.2x) compared to the TW Semiconductor industry average (20.4x).

PE vs Market: 2330 is poor value based on its PE Ratio (28.2x) compared to the TW market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: 2330 is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: 2330 is overvalued based on its PB Ratio (7.8x) compared to the TW Semiconductor industry average (2.9x).


Future Growth

How is Taiwan Semiconductor Manufacturing forecast to perform in the next 1 to 3 years based on estimates from 33 analysts?

14.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2330's forecast earnings growth (14.7% per year) is above the savings rate (0.8%).

Earnings vs Market: 2330's earnings (14.7% per year) are forecast to grow faster than the TW market (8.7% per year).

High Growth Earnings: 2330's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2330's revenue (14.8% per year) is forecast to grow faster than the TW market (9.6% per year).

High Growth Revenue: 2330's revenue (14.8% 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 (28.5%)


Past Performance

How has Taiwan Semiconductor Manufacturing performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2330 has high quality earnings.

Growing Profit Margin: 2330's current net profit margins (38.1%) are higher than last year (36.9%).


Past Earnings Growth Analysis

Earnings Trend: 2330's earnings have grown by 11.1% per year over the past 5 years.

Accelerating Growth: 2330's earnings growth over the past year (21.8%) exceeds its 5-year average (11.1% per year).

Earnings vs Industry: 2330 earnings growth over the past year (21.8%) underperformed the Semiconductor industry 57.2%.


Return on Equity

High ROE: 2330's Return on Equity (27.8%) is considered high.


Financial Health

How is Taiwan Semiconductor Manufacturing's financial position?


Financial Position Analysis

Short Term Liabilities: 2330's short term assets (NT$1,241.1B) exceed its short term liabilities (NT$647.7B).

Long Term Liabilities: 2330's short term assets (NT$1,241.1B) exceed its long term liabilities (NT$451.1B).


Debt to Equity History and Analysis

Debt Level: 2330's debt to equity ratio (27.7%) is considered satisfactory.

Reducing Debt: 2330's debt to equity ratio has increased from 19.8% to 27.7% over the past 5 years.

Debt Coverage: 2330's debt is well covered by operating cash flow (156.3%).

Interest Coverage: 2330 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Taiwan Semiconductor Manufacturing current dividend yield, its reliability and sustainability?

1.83%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 27 2021Ex Dividend DateDec 16 2021Dividend Pay DateJan 13 202228 days from Ex DividendBuy in the next 79 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 2330's dividend (1.83%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (1.92%).

High Dividend: 2330's dividend (1.83%) is low compared to the top 25% of dividend payers in the TW market (5.23%).


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 reasonably low payout ratio (49.1%), 2330's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 2330's dividends in 3 years are forecast to be well covered by earnings (35.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

C. C. Wei

3.25yrs

Tenure

NT$218,772,931

Compensation

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. C.'s total compensation ($USD7.87M) is above average for companies of similar size in the TW market ($USD934.75K).

Compensation vs Earnings: C. C.'s compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 2330's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: 2330's board of directors are considered experienced (3.3 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Taiwan Semiconductor Manufacturing Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Taiwan Semiconductor Manufacturing Company Limited
  • Ticker: 2330
  • Exchange: TWSE
  • Founded: 1987
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: NT$15.610t
  • Shares outstanding: 25.93b
  • Website: https://www.tsmc.com

Number of Employees


Location

  • Taiwan Semiconductor Manufacturing Company Limited
  • Hsinchu Science Park
  • No. 8, Li-Hsin Road 6
  • Hsinchu City
  • 300-78
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 15:31
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.