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Taiwan Semiconductor Manufacturing NYSE:TSM Stock Report

Last Price

US$188.36

Market Cap

US$816.8b

7D

0.9%

1Y

90.9%

Updated

20 Nov, 2024

Data

Company Financials +

Taiwan Semiconductor Manufacturing Company Limited

NYSE:TSM Stock Report

Market Cap: US$816.8b

TSM Stock Overview

Manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. More details

TSM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance4/6
Financial Health5/6
Dividends5/6

Rewards

Trading at 16.1% below our estimate of its fair value

Earnings are forecast to grow 19.67% per year

Earnings grew by 15.8% over the past year

Pays a reliable dividend of 1.76%

Trading at good value compared to peers and industry

Risk Analysis

No risks detected for TSM from our risk checks.

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WA
WallStreetWontons
Community Contributor

Semiconductor Demand will likely persist from the likes of AI, IoT, and 5G

Catalysts AI Chip Boom : TSMC’s quarterly revenue surged at its fastest pace in over a year, thanks to the global boom in AI development. The demand for high-end chips and servers, particularly those used in AI applications, has been a major driver of TSMC’s sales growth.
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US$629.70
FV
70.1% undervalued intrinsic discount
26.00%
Revenue growth p.a.
7users have liked this narrative
0users have commented on this narrative
3users have followed this narrative
2 months ago author updated this narrative
GO
Goran_Damchevski
Equity Analyst

High Growth Opportunities And Categorical Risk Factors Increase The Range Of TSMC’s Valuation

Key Takeaways TSMC is the current leader in chip manufacturing, boasting the most advanced technology and a strong customer base High-Performance Compute (HPC), AI, and EVs will drive growth, while the smartphone market slowly becomes saturated Their specialization strategy optimizes chips for specific use cases, allowing them to maintain their edge Peers are catching up, and a capital intensive industry will lower the bottom-line for investors TSMC has a high intrinsic value, but their exposure to China expands the risk to reward range Catalysts TSMC Will Remain Market Leader Key semiconductor competitors differ in their innovation and business approach. Roughly speaking, the quality of a semiconductor tends to be judged by its size, the smaller it is, the more transistors you can fit on a chip.
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US$798.09
FV
76.4% undervalued intrinsic discount
13.50%
Revenue growth p.a.
4users have liked this narrative
0users have commented on this narrative
2users have followed this narrative
5 months ago author updated this narrative
ST
StjepanK
Equity Analyst and Writer

Political Status Quo Will Result in Stable Growth

Key Takeaways A geopolitical status quo means TSMC can remain the market leader It has a healthy balance sheet to invest in R&D and maintain its wide moat Growing industry and large repeat customers will drive double-digit revenue growth The stock has the potential to become a dividend aristocrat Catalysts Industry Catalysts Continuous Demand and Reliance on Chips Will Support Revenue The computing power accessed through microchips is only increasing. It goes beyond smart devices and data centers, and in the 2020s, it is a vital part of the global economy.
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US$118.40
FV
59.1% overvalued intrinsic discount
10.00%
Revenue growth p.a.
6users have liked this narrative
0users have commented on this narrative
2users have followed this narrative
5 months ago author updated this narrative

Taiwan Semiconductor Manufacturing Company Limited Competitors

Broadcom

NasdaqGS:AVGO

US$772.3b

Advanced Micro Devices

NasdaqGS:AMD

US$226.2b

QUALCOMM

NasdaqGS:QCOM

US$183.0b

Texas Instruments

NasdaqGS:TXN

US$183.4b

Price History & Performance

Summary of all time highs, changes and price drops for Taiwan Semiconductor Manufacturing
Historical stock prices
Current Share PriceNT$188.36
52 Week HighNT$212.60
52 Week LowNT$95.25
Beta1.23
11 Month Change-6.73%
3 Month Change13.17%
1 Year Change90.94%
33 Year Change56.04%
5 Year Change249.53%
Change since IPO3,328.64%

Recent News & Updates

Taiwan Semiconductor: Greater Certainty In Stormy AI Race

Nov 11

Taiwan Semiconductor: Don't Discount The Competition

Oct 26

Taiwan Semiconductor Q3 Earnings: 'Demand Right Now Is Insane'

Oct 18

Taiwan Semiconductor: One Of The Best (And Cheapest) AI Plays

Oct 12

Recent updates

Taiwan Semiconductor: Greater Certainty In Stormy AI Race

Nov 11

Taiwan Semiconductor: Don't Discount The Competition

Oct 26

Taiwan Semiconductor Q3 Earnings: 'Demand Right Now Is Insane'

Oct 18

Taiwan Semiconductor: One Of The Best (And Cheapest) AI Plays

Oct 12

TSMC: Still A Long-Term Buy Given Its Technological Leadership And AI Growth Story

Oct 06

TSMC: 2nm Wafers Can Outperform The Already Strong Ramp In 3nm Wafers

Sep 25

Taiwan Semiconductor: Valuation Dips Go Great With Chips

Sep 12

Taiwan Semiconductor: Chip Giant Is Still A Buy Despite Short-Term Risks

Sep 05

Taiwan Semiconductor: Still Buy On AI

Aug 29

TSMC: A Huge Opportunity To Buy The Crown Jewel Of Semiconductors

Aug 07

TSMC: Focus On Fundamentals, Ignore The Noise

Jul 31

TSMC: Buy Status Vs. Rising Geopolitical Risks

Jul 25

3 Key Takeaways From TSMC's Q2 2024 Beat And Raise

Jul 18

TSMC: Taiwan Discount

Jul 11

TSMC: Strategic Alliances Lift Stock To New All-Time Highs

Jul 01

Taiwan Semiconductor: A Sure Bet On AI

Jun 25

TSMC: By Far The Strongest Chip Company

Jun 18

TSMC: One Of The Cheapest Big Tech/AI Stocks

Jun 10

Taiwan Semiconductor Stock: April Sales Soar From Advanced Nodes

Jun 04

TSMC: Derisking China Invasion Threats

May 17

TSMC: Charting A Path To $185

May 08

Third Point - Taiwan Semiconductor: The 'Toll Road' For AI Compute

May 02

Taiwan Semiconductor Stock Is Breaking Out (Technical Analysis)

Apr 17

TSMC: Don't Be Ruined By Over-Optimism (Downgrade)

Apr 09

TSMC: Robust Growth To Continue

Apr 03

Best Chip Stock To Ride The AI Frenzy: Taiwan Semiconductor (SA Quant)

Mar 26

Taiwan Semiconductor: A Long-Term Winner Amidst Short-Term Hype

Mar 15

Taiwan Semiconductor Raising Prices 8.7% In 2024 As Revenue Growth Underperforms Customers

Mar 05

Investing In Innovation: Why Taiwan Semiconductor Is A Smart Choice For Long-Term Growth

Feb 21

Taiwan Semiconductor: Highly Wanted Advanced Technology

Feb 05

Taiwan Semiconductor: Beijing Is A Threat

Jan 29

Taiwan Semiconductor Is Becoming A Dividend Growth Machine

Jan 23

TSMC: DPP Taiwan Election Win Could Mean Greater Risks For The Stock

Jan 17

TSMC Is Probably The Most Important Company In The World Right Now

Jan 11

TSMC: Major Apple Risk Persists But Stock Still Investible (Rating Upgrade)

Jan 01

TSMC Vs. Intel: Only 1 Can Win

Dec 24

Taiwan Semiconductor: The 800-Pound Chip Gorilla That's An Underappreciated Play On AI

Nov 25

Taiwan Semiconductor: Taking The Temperature Of AI

Nov 14

Taiwan Semiconductor: Bottoming Semiconductor Cycle With Increasingly Diversified Footprint

Oct 27

Q3 Earnings: Navigating TSMC's Risk/Rewards And Future Outlook

Oct 20

Taiwan Semiconductor - Maintaining Buy: Headwinds Priced In And Rebound Ahead

Oct 10

TSMC: Why Near-Term Downside Is Highly Probable (Rating Downgrade)

Oct 03

Taiwan Semiconductor Makes Chips For 3 Of The Top 4 Greatest Growth Technologies

Sep 26

TSMC: AI Winner At Attractive Valuation

Sep 20

Taiwan Semiconductor: More Room For Optimism

Sep 12

Taiwan Semiconductor Can Gain From Intel's Challenges

Aug 30

Accumulate Taiwan Semiconductor, Especially If Mr. Market Brings It Down

Aug 24

Taiwan Semiconductor: A Rare Undervalued AI Idea

Aug 14

Taiwan Semiconductor: Short-Term Pain For Long-Term Gain (Rating Upgrade)

Aug 04

Taiwan Semiconductor: The Most Important Chip Manufacturer For Smartphones

Jul 27

Taiwan Semiconductor Q2 Earnings: Consider Buying The Dip

Jul 20

Taiwan Semiconductor: Overstated Fears With Shares Still Cheap

Jul 14

Taiwan Semiconductor: Undervalued King Of Semiconductors

Jul 05

Taiwan Semiconductor: Driving Profitability On Secular Shift To Innovative Nodes

Jun 21

Taiwan Semiconductor Manufacturing Offers An Excellent Entry Point (Technical Analysis)

Jun 12

Taiwan Semiconductor And Buffett: Why He Bought And Sold

Jun 05

Shareholder Returns

TSMUS SemiconductorUS Market
7D0.9%-1.7%-1.0%
1Y90.9%86.2%30.3%

Return vs Industry: TSM exceeded the US Semiconductor industry which returned 86.2% over the past year.

Return vs Market: TSM exceeded the US Market which returned 30.3% over the past year.

Price Volatility

Is TSM's price volatile compared to industry and market?
TSM volatility
TSM Average Weekly Movement5.8%
Semiconductor Industry Average Movement7.6%
Market Average Movement6.2%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market3.1%

Stable Share Price: TSM has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: TSM's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987n/aC. C. Weiwww.tsmc.com

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others. The company also offers customer and engineering support services; manufactures masks; and invests in technology start-up companies; researches, designs, develops, manufactures, packages, tests, and sells color filters; and provides investment services.

Taiwan Semiconductor Manufacturing Company Limited Fundamentals Summary

How do Taiwan Semiconductor Manufacturing's earnings and revenue compare to its market cap?
TSM fundamental statistics
Market capUS$816.80b
Earnings (TTM)US$31.87b
Revenue (TTM)US$81.47b

25.6x

P/E Ratio

10.0x

P/S Ratio

Is TSM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TSM income statement (TTM)
RevenueNT$2.65t
Cost of RevenueNT$1.21t
Gross ProfitNT$1.44t
Other ExpensesNT$406.44b
EarningsNT$1.04t

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)40.00
Gross Margin54.45%
Net Profit Margin39.12%
Debt/Equity Ratio24.7%

How did TSM perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

40%

Payout Ratio

Does TSM pay a reliable dividends?

See TSM dividend history and benchmarks
When do you need to buy TSM by to receive an upcoming dividend?
Taiwan Semiconductor Manufacturing dividend dates
Ex Dividend DateDec 12 2024
Dividend Pay DateJan 09 2025
Days until Ex dividend21 days
Days until Dividend pay date49 days

Does TSM pay a reliable dividends?

See TSM dividend history and benchmarks