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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 : 8/10

vs
industry
vs
history
Cash to Debt 2.68
TSM's Cash to Debt is ranked higher than
56% of the 835 Companies
in the Global Semiconductors industry.

( Industry Median: 1.78 vs. TSM: 2.68 )
Ranked among companies with meaningful Cash to Debt only.
TSM' s 10-Year Cash to Debt Range
Min: 0.49  Med: 5.38 Max: N/A
Current: 2.68
Equity to Asset 0.66
TSM's Equity to Asset is ranked higher than
57% of the 809 Companies
in the Global Semiconductors industry.

( Industry Median: 0.62 vs. TSM: 0.66 )
Ranked among companies with meaningful Equity to Asset only.
TSM' s 10-Year Equity to Asset Range
Min: 0.56  Med: 0.79 Max: 0.88
Current: 0.66
0.56
0.88
Interest Coverage 91.43
TSM's Interest Coverage is ranked lower than
57% of the 502 Companies
in the Global Semiconductors industry.

( Industry Median: 1169.55 vs. TSM: 91.43 )
Ranked among companies with meaningful Interest Coverage only.
TSM' s 10-Year Interest Coverage Range
Min: 2.13  Med: 69.03 Max: 374.18
Current: 91.43
2.13
374.18
F-Score: 8
Z-Score: 5.83
M-Score: -3.03
WACC vs ROIC
8.33%
34.72%
WACC
ROIC
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 (%) 39.15
TSM's Operating margin (%) is ranked higher than
98% of the 826 Companies
in the Global Semiconductors industry.

( Industry Median: 4.52 vs. TSM: 39.15 )
Ranked among companies with meaningful Operating margin (%) only.
TSM' s 10-Year Operating margin (%) Range
Min: 6.33  Med: 34.06 Max: 40.1
Current: 39.15
6.33
40.1
Net-margin (%) 35.52
TSM's Net-margin (%) is ranked higher than
97% of the 826 Companies
in the Global Semiconductors industry.

( Industry Median: 4.08 vs. TSM: 35.52 )
Ranked among companies with meaningful Net-margin (%) only.
TSM' s 10-Year Net-margin (%) Range
Min: 11.12  Med: 31.45 Max: 40.89
Current: 35.52
11.12
40.89
ROE (%) 30.23
TSM's ROE (%) is ranked higher than
96% of the 814 Companies
in the Global Semiconductors industry.

( Industry Median: 5.46 vs. TSM: 30.23 )
Ranked among companies with meaningful ROE (%) only.
TSM' s 10-Year ROE (%) Range
Min: 5.37  Med: 22.30 Max: 31.43
Current: 30.23
5.37
31.43
ROA (%) 20.74
TSM's ROA (%) is ranked higher than
96% of the 837 Companies
in the Global Semiconductors industry.

( Industry Median: 2.83 vs. TSM: 20.74 )
Ranked among companies with meaningful ROA (%) only.
TSM' s 10-Year ROA (%) Range
Min: 3.8  Med: 17.98 Max: 24.6
Current: 20.74
3.8
24.6
ROC (Joel Greenblatt) (%) 43.69
TSM's ROC (Joel Greenblatt) (%) is ranked higher than
85% of the 835 Companies
in the Global Semiconductors industry.

( Industry Median: 9.42 vs. TSM: 43.69 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
TSM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 2.86  Med: 33.18 Max: 51.56
Current: 43.69
2.86
51.56
Revenue Growth (3Y)(%) 21.30
TSM's Revenue Growth (3Y)(%) is ranked higher than
93% of the 551 Companies
in the Global Semiconductors industry.

( Industry Median: -1.50 vs. TSM: 21.30 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
TSM' s 10-Year Revenue Growth (3Y)(%) Range
Min: -1.4  Med: 12.40 Max: 44.2
Current: 21.3
-1.4
44.2
EBITDA Growth (3Y)(%) 25.90
TSM's EBITDA Growth (3Y)(%) is ranked higher than
84% of the 419 Companies
in the Global Semiconductors industry.

( Industry Median: -1.30 vs. TSM: 25.90 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
TSM' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -4.4  Med: 13.20 Max: 49.6
Current: 25.9
-4.4
49.6
EPS Growth (3Y)(%) 23.70
TSM's EPS Growth (3Y)(%) is ranked higher than
78% of the 360 Companies
in the Global Semiconductors industry.

( Industry Median: -4.50 vs. TSM: 23.70 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
TSM' s 10-Year EPS Growth (3Y)(%) Range
Min: -17.1  Med: 10.80 Max: 77.3
Current: 23.7
-17.1
77.3
» TSM's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2014

TSM Guru Trades in Q3 2014

Caxton Associates 31,600 sh (New)
Jeremy Grantham 1,447,700 sh (+103.93%)
Howard Marks 4,415,484 sh (+36.33%)
Sarah Ketterer 1,668,833 sh (+24.28%)
Ron Baron 850,000 sh (+10.82%)
John Hussman 55,000 sh (unchged)
Richard Pzena 386,375 sh (unchged)
Ken Fisher 19,979,699 sh (-7.88%)
Jim Simons 21,506,551 sh (-18.39%)
First Pacific Advisors 430,800 sh (-44.20%)
» More
Q4 2014

TSM Guru Trades in Q4 2014

Sarah Ketterer 3,482,833 sh (+108.70%)
Jeremy Grantham 1,654,800 sh (+14.31%)
Ken Fisher 22,342,554 sh (+11.83%)
Howard Marks 4,887,784 sh (+10.70%)
Ron Baron 900,000 sh (+5.88%)
John Hussman 55,000 sh (unchged)
Richard Pzena 386,375 sh (unchged)
Caxton Associates Sold Out
Jim Simons 15,607,071 sh (-27.43%)
First Pacific Advisors 161,700 sh (-62.47%)
» More
Q1 2015

TSM Guru Trades in Q1 2015

Scott Black 340,328 sh (New)
Caxton Associates 24,600 sh (New)
Jeremy Grantham 4,929,900 sh (+197.92%)
Sarah Ketterer 5,300,133 sh (+52.18%)
Ron Baron 1,100,000 sh (+22.22%)
Ken Fisher 24,676,826 sh (+10.45%)
First Pacific Advisors 164,500 sh (+1.73%)
Richard Pzena 386,375 sh (unchged)
Howard Marks 3,962,687 sh (-18.93%)
John Hussman 30,000 sh (-45.45%)
Jim Simons 8,215,251 sh (-47.36%)
» More
Q2 2015

TSM Guru Trades in Q2 2015

David Dreman 2,681 sh (New)
Pioneer Investments 2,915,388 sh (New)
Jeremy Grantham 6,192,000 sh (+25.60%)
Howard Marks 4,538,487 sh (+14.53%)
Ken Fisher 26,614,379 sh (+7.85%)
Scott Black 362,163 sh (+6.42%)
Richard Pzena 386,375 sh (unchged)
Ron Baron 1,100,000 sh (unchged)
Caxton Associates Sold Out
First Pacific Advisors 161,200 sh (-2.01%)
John Hussman 25,200 sh (-16.00%)
Sarah Ketterer 4,444,733 sh (-16.14%)
Jim Simons 4,555,751 sh (-44.55%)
» 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%)

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» Interactive Charts

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Ratios

vs
industry
vs
history
P/E(ttm) 10.47
TSM's P/E(ttm) is ranked higher than
72% of the 548 Companies
in the Global Semiconductors industry.

( Industry Median: 16.70 vs. TSM: 10.47 )
Ranked among companies with meaningful P/E(ttm) only.
TSM' s 10-Year P/E(ttm) Range
Min: 9.99  Med: 14.72 Max: 34.35
Current: 10.47
9.99
34.35
Forward P/E 72.99
TSM's Forward P/E is ranked higher than
63% of the 279 Companies
in the Global Semiconductors industry.

( Industry Median: 16.50 vs. TSM: 72.99 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 10.60
TSM's PE(NRI) is ranked higher than
72% of the 548 Companies
in the Global Semiconductors industry.

( Industry Median: 16.60 vs. TSM: 10.60 )
Ranked among companies with meaningful PE(NRI) only.
TSM' s 10-Year PE(NRI) Range
Min: 10  Med: 14.79 Max: 34.39
Current: 10.6
10
34.39
P/B 2.99
TSM's P/B is ranked lower than
79% of the 801 Companies
in the Global Semiconductors industry.

( Industry Median: 1.40 vs. TSM: 2.99 )
Ranked among companies with meaningful P/B only.
TSM' s 10-Year P/B Range
Min: 2  Med: 3.31 Max: 4.11
Current: 2.99
2
4.11
P/S 3.90
TSM's P/S is ranked lower than
82% of the 826 Companies
in the Global Semiconductors industry.

( Industry Median: 1.28 vs. TSM: 3.90 )
Ranked among companies with meaningful P/S only.
TSM' s 10-Year P/S Range
Min: 2.82  Med: 4.85 Max: 8.39
Current: 3.9
2.82
8.39
PFCF 10.51
TSM's PFCF is ranked higher than
68% of the 434 Companies
in the Global Semiconductors industry.

( Industry Median: 16.79 vs. TSM: 10.51 )
Ranked among companies with meaningful PFCF only.
TSM' s 10-Year PFCF Range
Min: 6  Med: 25.68 Max: 292.11
Current: 10.51
6
292.11
POCF 6.27
TSM's POCF is ranked higher than
73% of the 574 Companies
in the Global Semiconductors industry.

( Industry Median: 11.58 vs. TSM: 6.27 )
Ranked among companies with meaningful POCF only.
TSM' s 10-Year POCF Range
Min: 4.39  Med: 8.41 Max: 13.96
Current: 6.27
4.39
13.96
EV-to-EBIT 7.83
TSM's EV-to-EBIT is ranked higher than
70% of the 561 Companies
in the Global Semiconductors industry.

( Industry Median: 12.47 vs. TSM: 7.83 )
Ranked among companies with meaningful EV-to-EBIT only.
TSM' s 10-Year EV-to-EBIT Range
Min: 6.6  Med: 13.00 Max: 574
Current: 7.83
6.6
574
PEG 0.51
TSM's PEG is ranked higher than
80% of the 152 Companies
in the Global Semiconductors industry.

( Industry Median: 1.37 vs. TSM: 0.51 )
Ranked among companies with meaningful PEG only.
TSM' s 10-Year PEG Range
Min: 0.53  Med: 1.47 Max: 5.4
Current: 0.51
0.53
5.4
Shiller P/E 16.56
TSM's Shiller P/E is ranked higher than
69% of the 253 Companies
in the Global Semiconductors industry.

( Industry Median: 26.10 vs. TSM: 16.56 )
Ranked among companies with meaningful Shiller P/E only.
TSM' s 10-Year Shiller P/E Range
Min: 10.22  Med: 19.04 Max: 27.41
Current: 16.56
10.22
27.41
Current Ratio 2.36
TSM's Current Ratio is ranked higher than
53% of the 825 Companies
in the Global Semiconductors industry.

( Industry Median: 2.23 vs. TSM: 2.36 )
Ranked among companies with meaningful Current Ratio only.
TSM' s 10-Year Current Ratio Range
Min: 1.18  Med: 2.54 Max: 6.34
Current: 2.36
1.18
6.34
Quick Ratio 2.15
TSM's Quick Ratio is ranked higher than
60% of the 825 Companies
in the Global Semiconductors industry.

( Industry Median: 1.72 vs. TSM: 2.15 )
Ranked among companies with meaningful Quick Ratio only.
TSM' s 10-Year Quick Ratio Range
Min: 1.03  Med: 2.35 Max: 5.85
Current: 2.15
1.03
5.85
Days Inventory 52.76
TSM's Days Inventory is ranked higher than
71% of the 802 Companies
in the Global Semiconductors industry.

( Industry Median: 79.04 vs. TSM: 52.76 )
Ranked among companies with meaningful Days Inventory only.
TSM' s 10-Year Days Inventory Range
Min: 33.32  Med: 42.36 Max: 52.58
Current: 52.76
33.32
52.58
Days Sales Outstanding 42.06
TSM's Days Sales Outstanding is ranked higher than
75% of the 767 Companies
in the Global Semiconductors industry.

( Industry Median: 62.19 vs. TSM: 42.06 )
Ranked among companies with meaningful Days Sales Outstanding only.
TSM' s 10-Year Days Sales Outstanding Range
Min: 0.02  Med: 45.56 Max: 77.29
Current: 42.06
0.02
77.29

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.51
TSM's Dividend Yield is ranked higher than
68% of the 605 Companies
in the Global Semiconductors industry.

( Industry Median: 2.26 vs. TSM: 2.51 )
Ranked among companies with meaningful Dividend Yield only.
TSM' s 10-Year Dividend Yield Range
Min: 1.95  Med: 3.75 Max: 9.18
Current: 2.51
1.95
9.18
Dividend Payout 0.25
TSM's Dividend Payout is ranked higher than
68% of the 384 Companies
in the Global Semiconductors industry.

( Industry Median: 0.39 vs. TSM: 0.25 )
Ranked among companies with meaningful Dividend Payout only.
TSM' s 10-Year Dividend Payout Range
Min: 1.02  Med: 1.70 Max: 11.94
Current: 0.25
1.02
11.94
Yield on cost (5-Year) 2.71
TSM's Yield on cost (5-Year) is ranked higher than
62% of the 637 Companies
in the Global Semiconductors industry.

( Industry Median: 2.58 vs. TSM: 2.71 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
TSM' s 10-Year Yield on cost (5-Year) Range
Min: 2.14  Med: 4.12 Max: 10.09
Current: 2.71
2.14
10.09

Valuation & Return

vs
industry
vs
history
Price/Net Cash 36.49
TSM's Price/Net Cash is ranked lower than
96% of the 264 Companies
in the Global Semiconductors industry.

( Industry Median: 7.29 vs. TSM: 36.49 )
Ranked among companies with meaningful Price/Net Cash only.
TSM' s 10-Year Price/Net Cash Range
Min: 8.18  Med: 27.96 Max: 329.57
Current: 36.49
8.18
329.57
Price/Net Current Asset Value 12.70
TSM's Price/Net Current Asset Value is ranked lower than
92% of the 562 Companies
in the Global Semiconductors industry.

( Industry Median: 3.34 vs. TSM: 12.70 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
TSM' s 10-Year Price/Net Current Asset Value Range
Min: 6.68  Med: 13.96 Max: 1116.67
Current: 12.7
6.68
1116.67
Price/Tangible Book 2.95
TSM's Price/Tangible Book is ranked lower than
74% of the 778 Companies
in the Global Semiconductors industry.

( Industry Median: 1.56 vs. TSM: 2.95 )
Ranked among companies with meaningful Price/Tangible Book only.
TSM' s 10-Year Price/Tangible Book Range
Min: 1.82  Med: 3.37 Max: 6.28
Current: 2.95
1.82
6.28
Price/Projected FCF 1.59
TSM's Price/Projected FCF is ranked lower than
56% of the 313 Companies
in the Global Semiconductors industry.

( Industry Median: 1.39 vs. TSM: 1.59 )
Ranked among companies with meaningful Price/Projected FCF only.
TSM' s 10-Year Price/Projected FCF Range
Min: 0.71  Med: 1.74 Max: 75.34
Current: 1.59
0.71
75.34
Price/DCF (Earnings Based) 0.77
TSM's Price/DCF (Earnings Based) is ranked higher than
80% of the 15 Companies
in the Global Semiconductors industry.

( Industry Median: 1.51 vs. TSM: 0.77 )
Ranked among companies with meaningful Price/DCF (Earnings Based) only.
N/A
Price/Median PS Value 0.75
TSM's Price/Median PS Value is ranked higher than
64% of the 778 Companies
in the Global Semiconductors industry.

( Industry Median: 0.91 vs. TSM: 0.75 )
Ranked among companies with meaningful Price/Median PS Value only.
TSM' s 10-Year Price/Median PS Value Range
Min: 0.58  Med: 1.01 Max: 2.18
Current: 0.75
0.58
2.18
Price/Peter Lynch Fair Value 0.59
TSM's Price/Peter Lynch Fair Value is ranked higher than
80% of the 106 Companies
in the Global Semiconductors industry.

( Industry Median: 1.02 vs. TSM: 0.59 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
TSM' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.47  Med: 1.15 Max: 4.94
Current: 0.59
0.47
4.94
Price/Graham Number 1.21
TSM's Price/Graham Number is ranked lower than
54% of the 519 Companies
in the Global Semiconductors industry.

( Industry Median: 1.10 vs. TSM: 1.21 )
Ranked among companies with meaningful Price/Graham Number only.
TSM' s 10-Year Price/Graham Number Range
Min: 0.79  Med: 1.48 Max: 5.52
Current: 1.21
0.79
5.52
Earnings Yield (Greenblatt) (%) 12.78
TSM's Earnings Yield (Greenblatt) (%) is ranked higher than
80% of the 828 Companies
in the Global Semiconductors industry.

( Industry Median: 3.60 vs. TSM: 12.78 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
TSM' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 0.2  Med: 7.70 Max: 15.2
Current: 12.78
0.2
15.2
Forward Rate of Return (Yacktman) (%) 22.42
TSM's Forward Rate of Return (Yacktman) (%) is ranked higher than
83% of the 346 Companies
in the Global Semiconductors industry.

( Industry Median: 4.47 vs. TSM: 22.42 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
TSM' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: 1.6  Med: 11.80 Max: 29.1
Current: 22.42
1.6
29.1

Analyst Estimate

Dec15 Dec16
Revenue(Mil) 31,141 27,404
EPS($) 0.40 0.33
EPS without NRI($) 0.40 0.33

Business Description

Industry: Semiconductors » Semiconductors
Compare:INTC, BRCM, ARMH, ADI, AUO » details
Traded in other countries:2330.Taiwan, TSM.Argentina, TSM N.Mexico, TSFA.Germany,
Taiwan Semiconductor Manufacturing Co Ltd was incorporated on February 21, 1987. The Company engages in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices, it also manufactures masks.
» More Articles for TSM

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