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$ 151.4
-2.56 %
$ 785 B
Market Cap
19.3
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one TSM stock under the worst case scenario is HIDDEN Compared to the current market price of 151 USD, Taiwan Semiconductor Manufacturing Company Limited is HIDDEN

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one TSM stock under the base case scenario is HIDDEN Compared to the current market price of 151 USD, Taiwan Semiconductor Manufacturing Company Limited is HIDDEN

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one TSM stock under the best case scenario is HIDDEN Compared to the current market price of 151 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$140.0Nov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 Apr
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%
868 B REVENUE
14.32%
426 B OPERATING INCOME
18.00%
375 B NET INCOME
15.19%
620 B OPERATING CASH FLOW
50.37%
-312 B INVESTING CASH FLOW
-38.13%
-101 B FINANCING CASH FLOW
-38.53%
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 3.45
Other Non-Current Assets 0
36.19 %4.07 %5.89 %51.62 %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 0
Change in Working Capital -53.9 B
Others -9.89 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 $203 , with forecasts ranging from a low of $200 to a high of $210 .
TSM Lowest Price Target Wall Street Target
200 USD 32.10%
TSM Average Price Target Wall Street Target
203 USD 34.30%
TSM Highest Price Target Wall Street Target
210 USD 38.71%
Price
Max Price Target
Min Price Target
Average Price Target
230230220220210210200200190190180180170170160160150150140140130130Jun '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
0.37% 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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7. News
Avicena Works with TSMC to Enable PD Arrays for LightBundle™ MicroLED-Based Interconnects SUNNYVALE, Calif.--(BUSINESS WIRE)-- #innovation--Avicena, headquartered in Sunnyvale, CA, announced today that the company will work with TSMC to optimize photodetector (PD) arrays for Avicena's revolutionary LightBundle microLED-based interconnects. LightBundle supports > 1Tbps/mm shoreline density and extends ultra-high density die-to-die (D2D) connections to > 10 meters at class-leading sub-pJ/bit energy efficiency. This will enable AI scale-up networks to support large clusters of GPUs across mult. businesswire.com - 1 week ago
Breaking Down Taiwan Semiconductor's Earnings and Future Upside Most investors in the market today have woken up to the fact that the technology sector might have to endure a lot more volatility and uncertainty in the coming months and quarters. The reason behind this theme is that President Trump's current trade tariffs, which are mostly focused on Chinese exports, have caused uncertainty in most portfolios and market outlooks. marketbeat.com - 1 week ago
Why Taiwan Semiconductor Manufacturing Stock Is Sinking Today The stock of Taiwan Semiconductor Manufacturing (TSM -2.69%) is seeing a substantial sell-off Monday in response to multiple bearish catalysts. The company's share price was down 2.7% as of 2:45 p.m. fool.com - 1 week ago
TSMC: Taiwan Concerns Are Overblown TSMC's fundamentals remain strong despite recent tariffs and geopolitical uncertainties, with a forward PE of less than 16 times for FY 2026. The company's $100 billion U.S. investment could mitigate tariff impacts and strengthen its market position. TSMC's EPS and revenue growth are robust, with YoY EPS growth estimates of 28.8% for the current fiscal year and 17.66% for next year. seekingalpha.com - 1 week ago
TSMC: Hard Pill To Swallow, AI Demand Is Moderating - Downgrading To Sell Taiwan Semiconductor Manufacturing Company Limited aka TSMC Q1 2025 results and management commentary told us a lot more than the market realizes. We see red flags for 2H25 growth. Intel's 3nm ramp is supporting Q2 upside, but that tailwind has a shelf life. AI demand can't support substantial upside in 2H, as commentary on CoWos leads us to believe it is moderating. seekingalpha.com - 1 week ago
Stock Market Sell-Off: 3 Growth Stocks That Are Absurdly Cheap The recent stock market sell-off left nearly all stocks down from their all-time highs. However, some stocks were beaten down before the broader sell-off began, so they look unbelievably cheap now. fool.com - 1 week ago
TSMC: Solid Results, But Sentiment Still Heavy Taiwan Semiconductor delivered strong Q1 results with 41% YoY revenue growth and solid EPS, driven by advanced nodes and AI demand, maintaining its 'Buy' rating. Despite tariff risks, TSMC's guidance remains robust, with Q2 revenue expected to rise 13% QoQ and capex focused on advanced nodes. The U.S. investment plan marks a strategic shift, potentially increasing geopolitical risk, but diversifying production outside Taiwan. seekingalpha.com - 1 week ago
Prediction: These 2 Artificial Intelligence (AI) Giants Will Outperform Nvidia Over the Next 5 Years Nvidia (NVDA -3.01%) has been the star of the artificial intelligence (AI) boom over the last two-and-a-half years. Its GPUs are the cornerstone of every big data center project from the hyperscale cloud customers investing tens of billions of dollars in AI. fool.com - 1 week ago
TSMC Is A Complete Steal Taiwan Semiconductor Manufacturing reported Q1'25 earnings that exceeded expectations, driven by strong demand for AI-optimized chips. TSMC dominates the global foundry market with a 67% revenue share, significantly ahead of its nearest competitor, Samsung, which holds only 8%. The chip company benefited from 35% top-line growth and 60% earnings growth Y/Y as demand for chips is surging. seekingalpha.com - 2 weeks ago
'Headline Risk' Lurks as TSM Shines Bright on AI Demand Taiwan Semiconductor Manufacturing Co. TSM just delivered a quarter that Wall Street won't soon forget – but you wouldn't know it by looking at the stock chart. benzinga.com - 2 weeks ago
3 Growth Stocks Down More Than 25% to Buy Right Now The marketwide sell-off has affected many stocks, but none more than tech stocks. Tech is one of the first places to get hit during a market sell-off, as it often trades at high valuations and has a lot of growth baked into it. fool.com - 2 weeks ago
3 No-Brainer Artificial Intelligence (AI) Stocks to Buy Right Now While artificial intelligence (AI) investing has been the driving trend in the market over the past two years, it gave up that leadership role to tariffs in early 2025. AI is still a huge trend and isn't really slowing down, so the lack of focus on this critical area opens up an investment opportunity to scoop up some of the leaders at hefty discounts. fool.com - 2 weeks ago
8. Profile Summary

Taiwan Semiconductor Manufacturing Company Limited TSM

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COUNTRY TW
INDUSTRY Semiconductors
MARKET CAP $ 785 B
Dividend Yield 0.37%
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 Mr. Y. P. Chyn Executive Vice President of Operations & Co-Chief Operating Officer Ms. Li Mei He Ho Senior Vice President of Human Resources Mr. Jeff Su Director of Investor Relations Dr. Y. J. Mii Executive Vice President & Co-Chief Operating Officer Dr. C. C. Wei Ph.D. Chairman & Chief Executive Officer Ms. Sylvia Fang Senior Vice President of Legal, General Counsel & Corporate Governance Officer Mr. Jen-Chau Huang Senior Vice President of Finance & Chief Financial Officer Ms. Elizabeth Sun Senior Director of Corporate Communication Division Dr. Horng-Dar Lin Vice President of Corporate Information Technology & Chief Information Officer Dr. Wei-Jen Lo Senior Vice President of Corporate Strategy Development