Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors.
No risks detected for 2330 from our risk checks.
Taiwan Semiconductor Manufacturing Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NT$602.00|
|52 Week High||NT$424.50|
|52 Week Low||NT$679.00|
|1 Month Change||0.50%|
|3 Month Change||1.18%|
|1 Year Change||39.51%|
|3 Year Change||128.90%|
|5 Year Change||223.66%|
|Change since IPO||2,583.91%|
Recent News & Updates
|2330||TW Semiconductor||TW Market|
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.
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
|1987||n/a||C. C. Wei||https://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
|2330 fundamental statistics|
Is 2330 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2330 income statement (TTM)|
|Cost of Revenue||NT$690.84b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||21.37|
|Net Profit Margin||38.15%|
How did 2330 perform over the long term?See historical performance and comparison
1.8%Current Dividend Yield
Does 2330 pay a reliable dividends?See 2330 dividend history and benchmarks
|Taiwan Semiconductor Manufacturing dividend dates|
|Ex Dividend Date||Dec 16 2021|
|Dividend Pay Date||Jan 13 2022|
|Days until Ex dividend||79 days|
|Days until Dividend pay date||107 days|
Does 2330 pay a reliable dividends?See 2330 dividend history and benchmarks
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$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).
How is Taiwan Semiconductor Manufacturing forecast to perform in the next 1 to 3 years based on estimates from 33 analysts?
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%)
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 (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.
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$451.1B).
Debt to Equity History and Analysis
Debt Level: 2330's debt to equity ratio (27.7%) is considered satisfactory.
Reducing Debt: 2330's debt to equity ratio has increased from 19.8% to 27.7% over the past 5 years.
Debt Coverage: 2330's debt is well covered by operating cash flow (156.3%).
Interest Coverage: 2330 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Taiwan Semiconductor Manufacturing current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 2330's dividend (1.83%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (1.92%).
High Dividend: 2330's dividend (1.83%) is low compared to the top 25% of dividend payers in the TW market (5.23%).
Stability and Growth of Payments
Stable Dividend: 2330's dividends per share have been stable in the past 10 years.
Growing Dividend: 2330's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.1%), 2330's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2330's dividends in 3 years are forecast to be well covered by earnings (35.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
C. C. Wei
Dr. C. C. Wei serves as CEO & Vice Chairman of Taiwan Semiconductor Manufacturing Company Ltd since June 05, 2018. He was a Co-Chief Executive Officer and President of Taiwan Semiconductor Manufacturing Co...
CEO Compensation Analysis
Compensation vs Market: C. C.'s total compensation ($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.
Experienced Management: 2330's management team is considered experienced (3.3 years average tenure).
Experienced Board: 2330's board of directors are considered experienced (3.3 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 employee growth, exchange listings and data sources
- 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
- Taiwan Semiconductor Manufacturing Company Limited
- Hsinchu Science Park
- No. 8, Li-Hsin Road 6
- Hsinchu City
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 15:31|
|End of Day Share Price||2021/09/27 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.