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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt 1.28
TSM's Cash to Debt is ranked lower than
51% of the 1031 Companies
in the Global Semiconductors industry.

( Industry Median: 5.76 vs. TSM: 1.28 )
TSM' s 10-Year Cash to Debt Range
Min: 0.49   Max: No Debt
Current: 1.28

Equity to Asset 0.65
TSM's Equity to Asset is ranked higher than
71% of the 1014 Companies
in the Global Semiconductors industry.

( Industry Median: 0.64 vs. TSM: 0.65 )
TSM' s 10-Year Equity to Asset Range
Min: 0.56   Max: 0.88
Current: 0.65

0.56
0.88
Interest Coverage 79.37
TSM's Interest Coverage is ranked higher than
57% of the 574 Companies
in the Global Semiconductors industry.

( Industry Median: 494.36 vs. TSM: 79.37 )
TSM' s 10-Year Interest Coverage Range
Min: 2.13   Max: 374.18
Current: 79.37

2.13
374.18
F-Score: 5
Z-Score: 5.95
M-Score: -3.24
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry
vs
history
Operating margin (%) 35.19
TSM's Operating margin (%) is ranked higher than
99% of the 1009 Companies
in the Global Semiconductors industry.

( Industry Median: 3.20 vs. TSM: 35.19 )
TSM' s 10-Year Operating margin (%) Range
Min: 6.33   Max: 40.1
Current: 35.19

6.33
40.1
Net-margin (%) 30.82
TSM's Net-margin (%) is ranked higher than
99% of the 1009 Companies
in the Global Semiconductors industry.

( Industry Median: 2.26 vs. TSM: 30.82 )
TSM' s 10-Year Net-margin (%) Range
Min: 11.12   Max: 40.89
Current: 30.82

11.12
40.89
ROE (%) 22.06
TSM's ROE (%) is ranked higher than
97% of the 1005 Companies
in the Global Semiconductors industry.

( Industry Median: 2.60 vs. TSM: 22.06 )
TSM' s 10-Year ROE (%) Range
Min: 5.23   Max: 28.41
Current: 22.06

5.23
28.41
ROA (%) 14.57
TSM's ROA (%) is ranked higher than
97% of the 1023 Companies
in the Global Semiconductors industry.

( Industry Median: 1.52 vs. TSM: 14.57 )
TSM' s 10-Year ROA (%) Range
Min: 3.71   Max: 22.48
Current: 14.57

3.71
22.48
ROC (Joel Greenblatt) (%) 26.50
TSM's ROC (Joel Greenblatt) (%) is ranked higher than
87% of the 1019 Companies
in the Global Semiconductors industry.

( Industry Median: 6.17 vs. TSM: 26.50 )
TSM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 2.98   Max: 50.65
Current: 26.5

2.98
50.65
Revenue Growth (%) 12.40
TSM's Revenue Growth (%) is ranked higher than
92% of the 736 Companies
in the Global Semiconductors industry.

( Industry Median: -2.20 vs. TSM: 12.40 )
TSM' s 10-Year Revenue Growth (%) Range
Min: -2   Max: 45.6
Current: 12.4

-2
45.6
EBITDA Growth (%) 13.20
TSM's EBITDA Growth (%) is ranked higher than
88% of the 523 Companies
in the Global Semiconductors industry.

( Industry Median: -7.00 vs. TSM: 13.20 )
TSM' s 10-Year EBITDA Growth (%) Range
Min: -4.9   Max: 51.1
Current: 13.2

-4.9
51.1
EPS Growth (%) 4.50
TSM's EPS Growth (%) is ranked higher than
81% of the 460 Companies
in the Global Semiconductors industry.

( Industry Median: -6.00 vs. TSM: 4.50 )
TSM' s 10-Year EPS Growth (%) Range
Min: -12.3   Max: 77.3
Current: 4.5

-12.3
77.3
» TSM's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

TSM Guru Trades in Q3 2013

Richard Pzena 131,379 sh (New)
Howard Marks 426,184 sh (+307.45%)
Jeremy Grantham 4,436,293 sh (+286.37%)
Ron Baron 23,000 sh (+91.67%)
Ken Fisher 17,379,169 sh (+1.5%)
John Hussman 55,000 sh (unchged)
Jim Simons 22,802,351 sh (-18.42%)
Pioneer Investments 336,306 sh (-37.86%)
Sarah Ketterer 416,591 sh (-57.41%)
Steven Cohen 170,186 sh (-73.15%)
» More
Q4 2013

TSM Guru Trades in Q4 2013

First Pacific Advisors 1,336,500 sh (New)
Ron Baron 435,900 sh (+1795.22%)
Howard Marks 2,160,340 sh (+406.9%)
Richard Pzena 385,844 sh (+193.69%)
Sarah Ketterer 539,191 sh (+29.43%)
Jim Simons 29,058,671 sh (+27.44%)
John Hussman 55,000 sh (unchged)
Steven Cohen Sold Out
Ken Fisher 16,852,913 sh (-3.03%)
Jeremy Grantham 3,883,500 sh (-12.46%)
Pioneer Investments 286,706 sh (-14.75%)
» More
Q1 2014

TSM Guru Trades in Q1 2014

Steven Cohen 383,695 sh (New)
Caxton Associates 16,500 sh (New)
David Dreman 2,957 sh (New)
Sarah Ketterer 1,314,233 sh (+143.74%)
Ron Baron 560,500 sh (+28.58%)
Howard Marks 2,736,084 sh (+26.65%)
First Pacific Advisors 1,386,500 sh (+3.74%)
Ken Fisher 17,251,645 sh (+2.37%)
Richard Pzena 388,650 sh (+0.73%)
John Hussman 55,000 sh (unchged)
Jim Simons 25,289,551 sh (-12.97%)
Jeremy Grantham 2,857,300 sh (-26.42%)
Pioneer Investments 167,206 sh (-41.68%)
» More
Q2 2014

TSM Guru Trades in Q2 2014

Ron Baron 767,000 sh (+36.84%)
Ken Fisher 21,688,880 sh (+25.72%)
Howard Marks 3,238,784 sh (+18.37%)
Jim Simons 26,354,151 sh (+4.21%)
Sarah Ketterer 1,342,833 sh (+2.18%)
John Hussman 55,000 sh (unchged)
David Dreman Sold Out
Caxton Associates Sold Out
Pioneer Investments Sold Out
Richard Pzena 386,375 sh (-0.59%)
First Pacific Advisors 772,100 sh (-44.31%)
Jeremy Grantham 709,900 sh (-75.15%)
» More
» Details

Insider Trades

Latest Guru Trades with TSM

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2014-06-30 Add 36.84%0.02%$19.62 - $21.69 $ 20.831%767000
David Dreman 2014-06-30 Sold Out $19.62 - $21.69 $ 20.831%0
Ron Baron 2014-03-31 Add 28.58%0.01%$16.46 - $19.64 $ 20.8317%560500
David Dreman 2014-03-31 New Buy$16.46 - $19.64 $ 20.8317%2957
Ron Baron 2013-12-31 Add 1795.22%0.03%$16.99 - $19.16 $ 20.8317%435900
Ron Baron 2013-09-30 Add 91.67%$15.75 - $18.54 $ 20.8322%23000
Ron Baron 2013-06-30 New Buy$16.73 - $20.21 $ 20.8313%12000
John Hussman 2011-09-30 Add 30%$10.94 - $12.98 $ 20.8373%65000
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 16.20
TSM's P/E(ttm) is ranked higher than
85% of the 1078 Companies
in the Global Semiconductors industry.

( Industry Median: 84.60 vs. TSM: 16.20 )
TSM' s 10-Year P/E(ttm) Range
Min: 9.99   Max: 43.86
Current: 16.2

9.99
43.86
P/B 3.70
TSM's P/B is ranked lower than
64% of the 1078 Companies
in the Global Semiconductors industry.

( Industry Median: 1.95 vs. TSM: 3.70 )
TSM' s 10-Year P/B Range
Min: 2   Max: 5.21
Current: 3.7

2
5.21
P/S 5.10
TSM's P/S is ranked lower than
79% of the 1078 Companies
in the Global Semiconductors industry.

( Industry Median: 1.70 vs. TSM: 5.10 )
TSM' s 10-Year P/S Range
Min: 2.82   Max: 7.53
Current: 5.1

2.82
7.53
PFCF 58.70
TSM's PFCF is ranked higher than
59% of the 1078 Companies
in the Global Semiconductors industry.

( Industry Median: 605.66 vs. TSM: 58.70 )
TSM' s 10-Year PFCF Range
Min: 6   Max: 292.11
Current: 58.7

6
292.11
EV-to-EBIT 13.41
TSM's EV-to-EBIT is ranked higher than
83% of the 1078 Companies
in the Global Semiconductors industry.

( Industry Median: 52.52 vs. TSM: 13.41 )
TSM' s 10-Year EV-to-EBIT Range
Min: 6.6   Max: 47.7
Current: 13.41

6.6
47.7
PEG 0.87
TSM's PEG is ranked higher than
95% of the 1078 Companies
in the Global Semiconductors industry.

( Industry Median: 9999.00 vs. TSM: 0.87 )
TSM' s 10-Year PEG Range
Min: 0.2   Max: 46.75
Current: 0.87

0.2
46.75
Shiller P/E 21.70
TSM's Shiller P/E is ranked higher than
93% of the 1078 Companies
in the Global Semiconductors industry.

( Industry Median: 9999.00 vs. TSM: 21.70 )
TSM' s 10-Year Shiller P/E Range
Min: 10.08   Max: 46.1
Current: 21.7

10.08
46.1
Current Ratio 1.86
TSM's Current Ratio is ranked higher than
57% of the 862 Companies
in the Global Semiconductors industry.

( Industry Median: 2.63 vs. TSM: 1.86 )
TSM' s 10-Year Current Ratio Range
Min: 1.18   Max: 6.34
Current: 1.86

1.18
6.34
Quick Ratio 1.66
TSM's Quick Ratio is ranked higher than
63% of the 862 Companies
in the Global Semiconductors industry.

( Industry Median: 2.02 vs. TSM: 1.66 )
TSM' s 10-Year Quick Ratio Range
Min: 1.03   Max: 5.85
Current: 1.66

1.03
5.85

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.90
TSM's Dividend Yield is ranked higher than
60% of the 508 Companies
in the Global Semiconductors industry.

( Industry Median: 1.54 vs. TSM: 1.90 )
TSM' s 10-Year Dividend Yield Range
Min: 2.16   Max: 9.18
Current: 1.9

2.16
9.18
Yield on cost (5-Year) 1.52
TSM's Yield on cost (5-Year) is ranked lower than
52% of the 544 Companies
in the Global Semiconductors industry.

( Industry Median: 1.72 vs. TSM: 1.52 )
TSM' s 10-Year Yield on cost (5-Year) Range
Min: 1.72   Max: 7.33
Current: 1.52

1.72
7.33

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.70
TSM's Price/Tangible Book is ranked lower than
58% of the 1078 Companies
in the Global Semiconductors industry.

( Industry Median: 2.30 vs. TSM: 3.70 )
TSM' s 10-Year Price/Tangible Book Range
Min: 1.82   Max: 6.28
Current: 3.7

1.82
6.28
Price/DCF (Projected) 2.20
TSM's Price/DCF (Projected) is ranked higher than
81% of the 1078 Companies
in the Global Semiconductors industry.

( Industry Median: 9999.00 vs. TSM: 2.20 )
TSM' s 10-Year Price/DCF (Projected) Range
Min: 0.73   Max: 3.94
Current: 2.2

0.73
3.94
Price/Median PS Value 1.00
TSM's Price/Median PS Value is ranked higher than
63% of the 1078 Companies
in the Global Semiconductors industry.

( Industry Median: 1.10 vs. TSM: 1.00 )
TSM' s 10-Year Price/Median PS Value Range
Min: 0.72   Max: 2.17
Current: 1

0.72
2.17
Price/Peter Lynch Fair Value 0.80
TSM's Price/Peter Lynch Fair Value is ranked higher than
99% of the 1078 Companies
in the Global Semiconductors industry.

( Industry Median: 9999.00 vs. TSM: 0.80 )
TSM' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.45   Max: 4.94
Current: 0.8

0.45
4.94
Price/Graham Number 1.60
TSM's Price/Graham Number is ranked higher than
73% of the 1078 Companies
in the Global Semiconductors industry.

( Industry Median: 4.50 vs. TSM: 1.60 )
TSM' s 10-Year Price/Graham Number Range
Min: 0.79   Max: 5.52
Current: 1.6

0.79
5.52
Earnings Yield (Greenblatt) 7.40
TSM's Earnings Yield (Greenblatt) is ranked higher than
71% of the 834 Companies
in the Global Semiconductors industry.

( Industry Median: 5.20 vs. TSM: 7.40 )
TSM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.1   Max: 15.2
Current: 7.4

2.1
15.2
Forward Rate of Return (Yacktman) 20.68
TSM's Forward Rate of Return (Yacktman) is ranked higher than
95% of the 668 Companies
in the Global Semiconductors industry.

( Industry Median: 1.11 vs. TSM: 20.68 )
TSM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 3.3   Max: 61.8
Current: 20.68

3.3
61.8

Business Description

Industry: Semiconductors » Semiconductors
Compare:INTC, BRCM, ARMH, ADI, AUO » details
Traded in other countries:2330.Taiwan, TSFA.Germany
Taiwan Semiconductor Manufacturing Co Ltd was incorporated on February 21, 1987. It manufactures semiconductors using its advanced or mainstream manufacturing processes for its customers based on their own or third parties' proprietary integrated circuit designs. It offers a wafer fabrication processes, including processes to manufacture CMOS logic, mixed-signal, radio frequency, embedded memory, BiCMOS mixed-signal and other semiconductors. It also offers design, mask making, probing, testing and assembly services. The Company manufactures semiconductors using the complementary metal oxide silicon, CMOS and BiCMOS processes. The CMOS process is currently the dominant semiconductor manufacturing process. The BiCMOS process combines the high speed of the bipolar circuitry and the low power consumption and high density of the CMOS circuitry. It uses the CMOS process to manufacture logic semiconductors, memory semiconductors including flash memory, mixed-signal/ radio frequency (RF) semiconductors, which combine analog and digital circuitry in a single semiconductor, micro-electro-mechanical-system (MEMS), which combines micrometer featured mechanical parts, analog and digital circuitry in a single semiconductor, and embedded memory semiconductors, which combine logic and memory in a single semiconductor. It counts among its customers in semiconductor companies, ranging from fabless semiconductor and systems companies such as Advanced Micro Devices, Inc., Altera Corporation, Broadcom Corporation, Marvell Semiconductor Inc., MediaTek Inc., nVidia Corporation and Qualcomm Incorporated, to integrated device manufacturers such as LSI Corporation, STMicroelectronics and Texas Instruments Inc.
» More Articles for NYSE:TSM

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User Comments

Rose.lallier@wanadoo.fr
ReplyRose.lallier@wanadoo.fr - 3 months ago
How do you calculate the FAIR VALUE?

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