(TSM) Taiwan Semiconductor - Overview
Sector: Technology | Industry: Semiconductors | Exchange: NYSE (USA) | Market Cap: 2.082.992m USD | Total Return: 108.4% in 12m
Integrated Circuits, Logic Wafers, Semiconductor Masks, Mixed-Signal Chips
Total Rating 75
Safety 86
Buy Signal 0.53
Semiconductors
Industry Rotation: +7.3
Industry Rotation: +7.3
Market Cap:
2,083B
Avg Turnover: 5.54B
Avg Turnover: 5.54B
Risk 3d forecast
Volatility37.9%
VaR 5th Pctl6.29%
VaR vs Median0.60%
Reward TTM
Sharpe Ratio2.22
Rel. Str. IBD87.3
Rel. Str. Peer Group29.8
Character TTM
Beta1.804
Beta Downside1.494
Hurst Exponent0.406
Drawdowns 3y
Max DD36.87%
CAGR/Max DD1.68
CAGR/Mean DD8.36
EPS (Earnings per Share)
EPS CAGR: 34.42%
EPS Trend: 91.9%
EPS Trend: 91.9%
Last SUE: 2.63
Qual. Beats: 5
Qual. Beats: 5
Revenue
Rev. CAGR: 29.39%
Rev. Trend: 97.9%
Rev. Trend: 97.9%
Last SUE: 0.04
Qual. Beats: 0
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Confidence, Garp
Description: TSM Taiwan Semiconductor
Taiwan Semiconductor Manufacturing Company (TSMC) operates as the world’s largest dedicated independent semiconductor foundry. The company utilizes a pure-play business model, meaning it manufactures integrated circuits for external clients rather than designing and selling its own branded chips. Its manufacturing processes support diverse applications, including high-performance computing, smartphones, automotive electronics, and the Internet of Things.
The company provides a comprehensive suite of services including wafer fabrication, mask manufacturing, packaging, and testing. By focusing on CMOS logic and specialized mixed-signal technologies, TSMC serves as a critical node in the global electronics supply chain. The capital-intensive nature of this sector creates high barriers to entry, as advanced lithography equipment and specialized fabrication facilities require multi-billion dollar investments.
For a deeper look into how these operations translate into financial metrics, consider exploring the data on ValueRay. Founded in 1987 and headquartered in Hsinchu City, Taiwan, TSMC maintains a global footprint with significant operations across Asia, Europe, and North America.
- High performance computing demand accelerates transition to advanced 2-nanometer process nodes
- Geopolitical tensions between China and Taiwan increase supply chain disruption risks
- Capital expenditure requirements for global fab expansion impact free cash flow margins
- Smartphone recovery and AI integration drive high-volume wafer shipment growth
- Dominant market share in foundry services provides significant pricing power leverage
Piotroski VR‑10 (Strict)
7.0
| Net Income: 1933.58b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA -0.02 > 1.0 |
| NWC/Revenue: 62.00% < 20% (prev 61.95%; Δ 0.05% < -1%) |
| CFO/TA 0.28 > 3% & CFO 2397.12b > Net Income 1933.58b |
| Net Debt (-2255.22b) to EBITDA (3127.24b): -0.72 < 3 |
| Current Ratio: 2.49 > 1.5 & < 3 |
| Outstanding Shares: last quarter (5.19b) vs 12m ago 0.01% < -2% |
| Gross Margin: 61.87% > 18% (prev 0.57%; Δ 6.13k% > 0.5%) |
| Asset Turnover: 52.10% > 50% (prev 44.03%; Δ 8.07% > 0%) |
| Interest Coverage Ratio: 237.9 > 6 (EBITDA TTM 3127.24b / Interest Expense TTM 9.55b) |
Altman Z''
8.07
| A: 0.29 (Total Current Assets 4264.58b - Total Current Liabilities 1713.88b) / Total Assets 8659.05b |
| B: 0.60 (Retained Earnings 5192.00b / Total Assets 8659.05b) |
| C: 0.29 (EBIT TTM 2272.16b / Avg Total Assets 7896.17b) |
| D: 2.15 (Book Value of Equity 5852.20b / Total Liabilities 2727.96b) |
| Altman-Z'' = 8.07 = AAA |
Beneish M
-2.78
| DSRI: 1.14 (Receivables 362.93b/243.95b, Revenue 4113.79b/3140.92b) |
| GMI: 0.93 (GM 61.87% / 57.41%) |
| AQI: 1.05 (AQ_t 0.05 / AQ_t-1 0.05) |
| SGI: 1.31 (Revenue 4113.79b / 3140.92b) |
| TATA: -0.05 (NI 1933.58b - CFO 2397.12b) / TA 8659.05b) |
| Beneish M = -2.78 (Cap -4..+1) = A |
What is the price of TSM shares?
As of May 23, 2026, the stock is trading at USD 407.15 with a total of 8,840,862 shares traded.
Over the past week, the price has changed by +0.04%, over one month by +4.41%, over three months by +9.56% and over the past year by +108.37%.
Over the past week, the price has changed by +0.04%, over one month by +4.41%, over three months by +9.56% and over the past year by +108.37%.
Is TSM a buy, sell or hold?
Taiwan Semiconductor has received a consensus analysts rating of 4.59.
Therefore, it is recommended to buy TSM.
- StrongBuy: 11
- Buy: 5
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the TSM price?
| Analysts Target Price | 467.8 | 14.9% |
Taiwan Semiconductor (TSM) - Fundamental Data Overview
as of 22 May 2026
Market Cap TWD = 65855.86b (2082.99b USD * 31.616 USD.TWD)P/E Trailing = 34.4738
P/E Forward = 25.7732
P/S = 0.5076
P/B = 11.1679
P/EG = 1.2516
Revenue TTM = 4113.79b TWD
EBIT TTM = 2272.16b TWD
EBITDA TTM = 3127.24b TWD
Long Term Debt = 901.02b TWD (from longTermDebt, last quarter)
Short Term Debt = 159.81b TWD (from shortTermDebt, last quarter)
Debt = 1127.64b TWD (from shortLongTermDebtTotal, last quarter) + Leases 33.51b
Net Debt = -2255.22b TWD (calculated: Debt 1127.64b - CCE 3382.86b)
Enterprise Value = 63600.64b TWD (65855.86b + Debt 1127.64b - CCE 3382.86b)
Interest Coverage Ratio = 237.9 (Ebit TTM 2272.16b / Interest Expense TTM 9.55b)
EV/FCF = 57.71x (Enterprise Value 63600.64b / FCF TTM 1102.16b)
FCF Yield = 1.73% (FCF TTM 1102.16b / Enterprise Value 63600.64b)
FCF Margin = 26.79% (FCF TTM 1102.16b / Revenue TTM 4113.79b)
Net Margin = 47.00% (Net Income TTM 1933.58b / Revenue TTM 4113.79b)
Gross Margin = 61.87% ((Revenue TTM 4113.79b - Cost of Revenue TTM 1568.43b) / Revenue TTM)
Gross Margin QoQ = 66.25% (prev 62.33%)
Tobins Q-Ratio = 7.34 (Enterprise Value 63600.64b / Total Assets 8659.05b)
Interest Expense / Debt = 0.24% (Interest Expense 2.72b / Debt 1127.64b)
Taxrate = 16.72% (115.00b / 687.80b)
NOPAT = 1892.26b (EBIT 2272.16b * (1 - 16.72%))
Current Ratio = 2.49 (Total Current Assets 4264.58b / Total Current Liabilities 1713.88b)
Debt / Equity = 0.19 (Debt 1127.64b / totalStockholderEquity, last quarter 5889.67b)
Debt / EBITDA = -0.72 (Net Debt -2255.22b / EBITDA 3127.24b)
Debt / FCF = -2.05 (Net Debt -2255.22b / FCF TTM 1102.16b)
Total Stockholder Equity = 5218.35b (last 4 quarters mean from totalStockholderEquity)
RoA = 24.49% (Net Income 1933.58b / Total Assets 8659.05b)
RoE = 37.05% (Net Income TTM 1933.58b / Total Stockholder Equity 5218.35b)
RoCE = 37.13% (EBIT 2272.16b / Capital Employed (Equity 5218.35b + L.T.Debt 901.02b))
RoIC = 50.84% (NOPAT 1892.26b / Invested Capital 3722.12b)
WACC = 12.13% (E(65855.86b)/V(66983.50b) * Re(12.33%) + D(1127.64b)/V(66983.50b) * Rd(0.24%) * (1-Tc(0.17)))
Discount Rate = 12.33% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -4.71 | Cagr: -0.00%
[DCF] Terminal Value 68.39% ; FCFF base≈1024.93b ; Y1≈1207.56b ; Y5≈1852.94b
[DCF] Fair Price = 3.76k (EV 17254.88b - Net Debt -2255.22b = Equity 19510.10b / Shares 5.19b; r=12.13% [WACC]; 5y FCF grow 18.98% → 3.0% )
EPS Correlation: 91.92 | EPS CAGR: 34.42% | SUE: 2.63 | # QB: 5
Revenue Correlation: 97.87 | Revenue CAGR: 29.39% | SUE: 0.04 | # QB: 0
EPS current Quarter (2026-06-30): EPS=3.74 | Chg30d=+5.03% | Revisions=+50% | Analysts=6
EPS next Quarter (2026-09-30): EPS=4.08 | Chg30d=+4.27% | Revisions=+50% | Analysts=6
EPS current Year (2026-12-31): EPS=15.61 | Chg30d=+0.35% | Revisions=+67% | GrowthEPS=+46.6% | GrowthRev=+35.6%
EPS next Year (2027-12-31): EPS=19.52 | Chg30d=+1.91% | Revisions=+67% | GrowthEPS=+25.0% | GrowthRev=+26.1%
[Analyst] Revisions Ratio: +67%