(TSM) Taiwan Semiconductor - Ratings and Ratios
Wafer, Semiconductor, Chip, Packaging, Testing
EPS (Earnings per Share)
Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 37.6% |
| Value at Risk 5%th | 56.1% |
| Relative Tail Risk | -9.11% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.06 |
| Alpha | 34.06 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.282 |
| Beta | 1.460 |
| Beta Downside | 1.517 |
| Drawdowns 3y | |
|---|---|
| Max DD | 36.82% |
| Mean DD | 7.75% |
| Median DD | 6.02% |
Description: TSM Taiwan Semiconductor September 24, 2025
Taiwan Semiconductor Manufacturing Company (TSMC) operates a global foundry business that designs, fabricates, packages, tests, and sells integrated circuits for a wide range of customers across Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and other markets. Its process portfolio spans leading-edge CMOS logic (including 3 nm and 5 nm nodes), mixed-signal, RF, embedded memory, and specialty technologies, while also offering mask making, engineering support, and selective investments in technology start-ups and color-filter manufacturing.
Key performance indicators show the scale of TSMC’s market position: FY 2023 revenue reached roughly $80 billion with an operating margin near 35 %, and the firm announced a 2024 capital-expenditure plan of about $30 billion to expand capacity at its 12-inch fabs. The company commands roughly 55 % of the global advanced-node (≤ 7 nm) foundry market, a share that underpins its pricing power but also concentrates risk in high-growth segments such as AI accelerators and high-performance computing.
Strategic drivers and risks are dominated by three forces: (1) exploding demand for AI-optimized chips, which is pushing customers to adopt TSMC’s 3 nm and upcoming 2 nm processes; (2) geopolitical tension between the United States and China, which creates both export-control exposure and incentives for customers to diversify supply chains; and (3) policy support such as the U.S. CHIPS and Science Act, which may spur domestic fab investment but also intensify competition for talent and equipment. These factors together suggest that TSMC’s growth outlook is highly sensitive to the pace of AI adoption and the evolution of cross-border trade regulations.
For a deeper, data-driven assessment of how these dynamics translate into valuation metrics, you may find ValueRay’s analytical dashboards useful as a next step.
TSM Stock Overview
| Market Cap in USD | 1,463,637m |
| Sub-Industry | Semiconductors |
| IPO / Inception | 1994-09-05 |
| Return 12m vs S&P 500 | 33.6% |
| Analyst Rating | 4.59 of 5 |
TSM Dividends
| Metric | Value |
|---|---|
| Dividend Yield | 1.70% |
| Yield on Cost 5y | 5.22% |
| Yield CAGR 5y | 7.97% |
| Payout Consistency | 96.4% |
| Payout Ratio | 32.0% |
TSM Growth Ratios
| Metric | Value |
|---|---|
| CAGR 3y | 53.62% |
| CAGR/Max DD Calmar Ratio | 1.46 |
| CAGR/Mean DD Pain Ratio | 6.92 |
| Current Volume | 14240.9k |
| Average Volume | 11804.2k |
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income (1586.82b TTM) > 0 and > 6% of Revenue (6% = 217.89b TTM) |
| FCFTA 0.12 (>2.0%) and ΔFCFTA -2.35pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 59.48% (prev 61.48%; Δ -2.00pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.30 (>3.0%) and CFO 2169.67b > Net Income 1586.82b (YES >=105%, WARN >=100%) |
| Net Debt (-1514.10b) to EBITDA (2732.11b) ratio: -0.55 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.69 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (5.19b) change vs 12m ago -0.00% (target <= -2.0% for YES) |
| Gross Margin 58.98% (prev 54.45%; Δ 4.52pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 53.72% (prev 43.00%; Δ 10.72pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 210.6 (EBITDA TTM 2732.11b / Interest Expense TTM 8.89b) >= 6 (WARN >= 3) |
Altman Z'' 8.13
| (A) 0.29 = (Total Current Assets 3436.01b - Total Current Liabilities 1275.91b) / Total Assets 7354.11b |
| (B) 0.65 = Retained Earnings (Balance) 4753.53b / Total Assets 7354.11b |
| (C) 0.28 = EBIT TTM 1872.34b / Avg Total Assets 6759.88b |
| (D) 2.12 = Book Value of Equity 4924.95b / Total Liabilities 2318.53b |
| Total Rating: 8.13 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 90.35
| 1. Piotroski 7.50pt |
| 2. FCF Yield 2.03% |
| 3. FCF Margin 24.50% |
| 4. Debt/Equity 0.19 |
| 5. Debt/Ebitda -0.55 |
| 6. ROIC - WACC (= 22.25)% |
| 7. RoE 34.44% |
| 8. Rev. Trend 90.99% |
| 9. EPS Trend 77.97% |
What is the price of TSM shares?
Over the past week, the price has changed by -1.67%, over one month by -6.79%, over three months by +21.77% and over the past year by +49.38%.
Is TSM a buy, sell or hold?
- Strong Buy: 11
- Buy: 5
- Hold: 1
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the TSM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 339.9 | 22.5% |
| Analysts Target Price | 339.9 | 22.5% |
| ValueRay Target Price | 373.4 | 34.6% |
TSM Fundamental Data Overview November 15, 2025
P/E Trailing = 28.9139
P/E Forward = 24.0385
P/S = 0.403
P/B = 9.4137
P/EG = 1.414
Beta = 1.26
Revenue TTM = 3631.43b TWD
EBIT TTM = 1872.34b TWD
EBITDA TTM = 2732.11b TWD
Long Term Debt = 926.60b TWD (from longTermDebt, last fiscal year)
Short Term Debt = 76.23b TWD (from shortTermDebt, last quarter)
Debt = 956.66b TWD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1514.10b TWD (from netDebt column, last quarter)
Enterprise Value = 43850.58b TWD (45644.98b + Debt 956.66b - CCE 2751.06b)
Interest Coverage Ratio = 210.6 (Ebit TTM 1872.34b / Interest Expense TTM 8.89b)
FCF Yield = 2.03% (FCF TTM 889.87b / Enterprise Value 43850.58b)
FCF Margin = 24.50% (FCF TTM 889.87b / Revenue TTM 3631.43b)
Net Margin = 43.70% (Net Income TTM 1586.82b / Revenue TTM 3631.43b)
Gross Margin = 58.98% ((Revenue TTM 3631.43b - Cost of Revenue TTM 1489.74b) / Revenue TTM)
Gross Margin QoQ = 59.45% (prev 58.62%)
Tobins Q-Ratio = 5.96 (Enterprise Value 43850.58b / Total Assets 7354.11b)
Interest Expense / Debt = 0.39% (Interest Expense 3.69b / Debt 956.66b)
Taxrate = 14.01% (73.61b / 525.37b)
NOPAT = 1609.99b (EBIT 1872.34b * (1 - 14.01%))
Current Ratio = 2.69 (Total Current Assets 3436.01b / Total Current Liabilities 1275.91b)
Debt / Equity = 0.19 (Debt 956.66b / totalStockholderEquity, last quarter 4998.31b)
Debt / EBITDA = -0.55 (Net Debt -1514.10b / EBITDA 2732.11b)
Debt / FCF = -1.70 (Net Debt -1514.10b / FCF TTM 889.87b)
Total Stockholder Equity = 4608.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 21.58% (Net Income 1586.82b / Total Assets 7354.11b)
RoE = 34.44% (Net Income TTM 1586.82b / Total Stockholder Equity 4608.02b)
RoCE = 33.83% (EBIT 1872.34b / Capital Employed (Equity 4608.02b + L.T.Debt 926.60b))
RoIC = 33.41% (NOPAT 1609.99b / Invested Capital 4818.60b)
WACC = 11.16% (E(45644.98b)/V(46601.64b) * Re(11.39%) + D(956.66b)/V(46601.64b) * Rd(0.39%) * (1-Tc(0.14)))
Discount Rate = 11.39% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.00%
[DCF Debug] Terminal Value 71.34% ; FCFE base≈890.19b ; Y1≈1098.18b ; Y5≈1873.65b
Fair Price DCF = 3625 (DCF Value 18802.65b / Shares Outstanding 5.19b; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 77.97 | EPS CAGR: 16.69% | SUE: 4.0 | # QB: 3
Revenue Correlation: 90.99 | Revenue CAGR: 18.17% | SUE: 0.03 | # QB: 0
Additional Sources for TSM Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle