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$ 174.54
-2.34 %
$ 905 B
Market Cap
22.14
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one TSM stock under the worst case scenario is HIDDEN Compared to the current market price of 175 USD, Taiwan Semiconductor Manufacturing Company Limited is HIDDEN

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one TSM stock under the base case scenario is HIDDEN Compared to the current market price of 175 USD, Taiwan Semiconductor Manufacturing Company Limited is HIDDEN

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one TSM stock under the best case scenario is HIDDEN Compared to the current market price of 175 USD, Taiwan Semiconductor Manufacturing Company Limited is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart TSM

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$230.0$230.0$220.0$220.0$210.0$210.0$200.0$200.0$190.0$190.0$180.0$180.0$170.0$170.0$160.0$160.0$150.0$150.0$140.0$140.015 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '25
FINANCIALS
2.89 REVENUE
33.89%
1.32 OPERATING INCOME
43.47%
1.17 NET INCOME
39.93%
1.83 OPERATING CASH FLOW
47.04%
-865 B INVESTING CASH FLOW
4.56%
-346 B FINANCING CASH FLOW
-69.01%
839 B REVENUE
-3.36%
407 B OPERATING INCOME
-4.38%
362 B NET INCOME
-3.50%
626 B OPERATING CASH FLOW
0.87%
-271 B INVESTING CASH FLOW
13.16%
-87.5 B FINANCING CASH FLOW
13.12%
Balance Sheet Taiwan Semiconductor Manufacturing Company Limited
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Current Assets 3.09
Cash & Short-Term Investments 2.42
Receivables 272 B
Other Current Assets 394 B
Non-Current Assets 3.6
Long-Term Investments 149 B
PP&E 3.28
Other Non-Current Assets 179 B
36.19 %4.07 %5.89 %48.94 %Total Assets$6.7t
Current Liabilities 1.26
Accounts Payable 74.2 B
Short-Term Debt 59.9 B
Other Current Liabilities 1.13
Non-Current Liabilities 1.1
Long-Term Debt 927 B
Other Non-Current Liabilities 177 B
3.13 %47.73 %39.12 %7.48 %Total Liabilities$2.4t
EFFICIENCY
Earnings Waterfall Taiwan Semiconductor Manufacturing Company Limited
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Revenue 2.89
Cost Of Revenue 1.27
Gross Profit 1.62
Operating Expenses 302 B
Operating Income 1.32
Other Expenses 149 B
Net Income 1.17
3t3t3t3t2t2t2t2t1t1t500b500b003t(1t)2t(302b)1t(149b)1tRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
56.12% GROSS MARGIN
56.12%
45.68% OPERATING MARGIN
45.68%
40.54% NET MARGIN
40.54%
27.36% ROE
27.36%
17.53% ROA
17.53%
20.09% ROIC
20.09%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Taiwan Semiconductor Manufacturing Company Limited
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900b900b800b800b700b700b600b600b500b500b400b400b300b300b200b200b100b100b0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 1.17
Depreciation & Amortization 663 B
Capital Expenditures -956 B
Stock-Based Compensation 1.65 B
Change in Working Capital -53.9 B
Others -11.5 B
Free Cash Flow 870 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Taiwan Semiconductor Manufacturing Company Limited
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Wall Street analysts predict an average 1-year price target for TSM of $206 , with forecasts ranging from a low of $200 to a high of $215 .
TSM Lowest Price Target Wall Street Target
200 USD 14.59%
TSM Average Price Target Wall Street Target
206 USD 18.17%
TSM Highest Price Target Wall Street Target
215 USD 23.18%
Price
Max Price Target
Min Price Target
Average Price Target
230230220220210210200200190190180180170170160160150150140140Jun '24Jun '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.44% DIVIDEND YIELD
0.542 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
3.000003.000002.500002.500002.000002.000001.500001.500001.000001.000000.500000.500000.000000.000000.4170.4480.490.4490.553550.683790.72770.9291.1591.34541.27560.41710.451260.4670.4480.544290.541510.3220.4270.496680.4480.4710.6260.411.880.4422.250.495982.640.451282.690.478672.780.615592.340.450.470.450.540.542015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 6
6. Ownership
Insider Ownership Taiwan Semiconductor Manufacturing Company Limited
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Sold
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0 USD 0
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6-9 MONTHS
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9-12 MONTHS
7. News
ASML vs. TSM: Which Semiconductor Stock is the Smarter Buy? ASML Holding and Taiwan Semiconductor Manufacturing power the chip industry, but ASML's EUV monopoly and strong outlook give it the investment edge. zacks.com - 1 week ago
A popular arbitrage involving Taiwan Semiconductor is suddenly paying off A widely used arbitrage play involving Taiwan Semiconductor Manufacturing Co. has started paying off in a big way thanks to the unprecedented surge in the Taiwan dollar. marketwatch.com - 1 week ago
2 Artificial Intelligence (AI) Stocks That Could Soar in the Second Half of 2025 2025 hasn't been a good year for artificial intelligence (AI) stocks so far. Investors became risk-averse over economic uncertainty created by a tariff-fueled trade war that raised the chances of a global recession. fool.com - 1 week ago
2 Hypergrowth Tech Stocks to Buy in 2025 Wall Street is a big believer in technology stocks at the moment. And who can blame them, with the rapid growth coming from areas of the market such as artificial intelligence (AI), cloud computing, and e-commerce? fool.com - 1 week ago
Why Taiwan Semiconductor Manufacturing Stock Sank Today Taiwan Semiconductor Manufacturing (TSM -2.26%) stock lost ground in Tuesday's trading. The company's share price ended the day down 2.3% amid a 0.8% decline for the S&P 500 (^GSPC -0.77%) and a 0.9% decline for the Nasdaq Composite (^IXIC -0.87%). fool.com - 1 week ago
TSM Stock Soars 20% in a Month: Time to Hold or Book Profits? Taiwan Semiconductor Manufacturing Company TSM has seen its share price soar 19.7% over the past month. This surge has significantly outperformed the broader Zacks Computer and Technology sector, which gained 16.2% during the same period. zacks.com - 1 week ago
TSMC: Remember, Such Golden Opportunities Don't Come By Often Taiwan Semiconductor Manufacturing Company Limited's critical role in the semiconductor value chain may not be well-understood enough by all semiconductor investors. Despite cyclical headwinds and potential tariff impacts, TSMC's long-term growth prospects remain strong, spurring its recent outperformance. TSMC's strategic expansion in Arizona aims to mitigate geopolitical risks and support U.S. chip production, enhancing its competitive edge over rivals. seekingalpha.com - 1 week ago
Taiwan Dollar Surges As US Dollar Slumps: TSMC Boom Or Bust? Taiwan's Dollar experienced its biggest gain since 1988 (+10% in the past month) as investors speculated about a potential trade deal with the U.S.; the U.S. dollar slipped. Heightened trade war and Trump's tougher stance on Chinese imports, semiconductor exports, and inflationary pressures have left global economies uncertain on signs of trade war damage. AI demand and sustainability have led analysts from Morgan Stanley and BofA to remain bullish on Taiwan Semiconductor Manufacturing Company (TSM), the world's largest semiconductor foundry. seekingalpha.com - 1 week ago
2 Cheap Artificial Intelligence (AI) Stocks That Are Primed to Rebound Artificial intelligence (AI) investing and the word "cheap" don't often go hand in hand. Many of these stocks got a bit overheated during the market's run over the past few years and sold off a bit recently. fool.com - 1 week ago
Taiwan Semiconductor: Still Not Too Late To Buy (Technical Analysis) Since I last wrote on Taiwan Semiconductor, its key clients like Apple and Qualcomm have reported strong FQ1 results. I expect this to translate into robust demand for TSM's services, thus foreshadowing a strong quarter for TSM as well. In the meantime, its latest technical indicators show a bullish pattern. seekingalpha.com - 1 week ago
Here is What to Know Beyond Why Taiwan Semiconductor Manufacturing Company Ltd. (TSM) is a Trending Stock Zacks.com users have recently been watching TSMC (TSM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects. zacks.com - 2 weeks ago
Prediction: This Will Be the Top-Performing Semiconductor Stock Over the Next 10 Years (Hint: It's Not Nvidia) The launch of ChatGPT on Nov. 30, 2022 represented one of the leading catalysts that sparked the revolution around artificial intelligence (AI). Since that date, shares of semiconductor stock Nvidia have soared an astronomical 550%, transforming the company to a multitrillion-dollar enterprise in the process. fool.com - 2 weeks ago
8. Profile Summary

Taiwan Semiconductor Manufacturing Company Limited TSM

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COUNTRY TW
INDUSTRY Semiconductors
MARKET CAP $ 905 B
Dividend Yield 0.44%
Description 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. Its products are used in high performance computing, smartphones, Internet of things, automotive, and digital consumer electronics. The company was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.
Contact Hsinchu Science Park, Hsinchu City, 300096 https://www.tsmc.com
IPO Date Oct. 9, 1997
Employees 65152
Officers Dr. C. C. Wei Ph.D. Chairman & Chief Executive Officer Dr. Horng-Dar Lin Vice President of Corporate Information Technology & Chief Information Officer Mr. Jeff Su Director of Investor Relations Ms. Elizabeth Sun Senior Director of Corporate Communication Division Dr. Wei-Jen Lo Senior Vice President of Corporate Strategy Development Dr. Y. J. Mii Executive Vice President & Co-Chief Operating Officer Mr. Jen-Chau Huang Senior Vice President of Finance & Chief Financial Officer Mr. Y. P. Chyn Executive Vice President of Operations & Co-Chief Operating Officer Ms. Sylvia Fang Senior Vice President of Legal, General Counsel & Corporate Governance Officer Ms. Li Mei He Ho Senior Vice President of Human Resources