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Also traded in: Argentina, Germany, Mexico, Taiwan

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 2.34
TSM's Cash to Debt is ranked higher than
56% of the 835 Companies
in the Global Semiconductors industry.

( Industry Median: 1.60 vs. TSM: 2.34 )
Ranked among companies with meaningful Cash to Debt only.
TSM' s Cash to Debt Range Over the Past 10 Years
Min: 0.49  Med: 4.94 Max: N/A
Current: 2.34
Equity to Asset 0.73
TSM's Equity to Asset is ranked higher than
66% of the 829 Companies
in the Global Semiconductors industry.

( Industry Median: 0.63 vs. TSM: 0.73 )
Ranked among companies with meaningful Equity to Asset only.
TSM' s Equity to Asset Range Over the Past 10 Years
Min: 0.56  Med: 0.78 Max: 0.88
Current: 0.73
0.56
0.88
Interest Coverage 103.46
TSM's Interest Coverage is ranked lower than
55% of the 527 Companies
in the Global Semiconductors industry.

( Industry Median: 483.67 vs. TSM: 103.46 )
Ranked among companies with meaningful Interest Coverage only.
TSM' s Interest Coverage Range Over the Past 10 Years
Min: 34.17  Med: 157.22 Max: 374.18
Current: 103.46
34.17
374.18
F-Score: 8
Z-Score: 7.64
M-Score: -3.32
WACC vs ROIC
8.17%
33.82%
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 (%) 38.29
TSM's Operating margin (%) is ranked higher than
98% of the 828 Companies
in the Global Semiconductors industry.

( Industry Median: 4.54 vs. TSM: 38.29 )
Ranked among companies with meaningful Operating margin (%) only.
TSM' s Operating margin (%) Range Over the Past 10 Years
Min: 31.1  Med: 34.91 Max: 40.1
Current: 38.29
31.1
40.1
Net-margin (%) 35.26
TSM's Net-margin (%) is ranked higher than
97% of the 827 Companies
in the Global Semiconductors industry.

( Industry Median: 3.89 vs. TSM: 35.26 )
Ranked among companies with meaningful Net-margin (%) only.
TSM' s Net-margin (%) Range Over the Past 10 Years
Min: 30  Med: 33.08 Max: 40.01
Current: 35.26
30
40.01
ROE (%) 28.58
TSM's ROE (%) is ranked higher than
94% of the 812 Companies
in the Global Semiconductors industry.

( Industry Median: 5.30 vs. TSM: 28.58 )
Ranked among companies with meaningful ROE (%) only.
TSM' s ROE (%) Range Over the Past 10 Years
Min: 18.37  Med: 23.51 Max: 30.23
Current: 28.58
18.37
30.23
ROA (%) 20.04
TSM's ROA (%) is ranked higher than
95% of the 838 Companies
in the Global Semiconductors industry.

( Industry Median: 2.82 vs. TSM: 20.04 )
Ranked among companies with meaningful ROA (%) only.
TSM' s ROA (%) Range Over the Past 10 Years
Min: 15.47  Med: 18.41 Max: 24.6
Current: 20.04
15.47
24.6
ROC (Joel Greenblatt) (%) 43.51
TSM's ROC (Joel Greenblatt) (%) is ranked higher than
85% of the 838 Companies
in the Global Semiconductors industry.

( Industry Median: 9.47 vs. TSM: 43.51 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
TSM' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 31  Med: 37.49 Max: 51.56
Current: 43.51
31
51.56
Revenue Growth (3Y)(%) 21.30
TSM's Revenue Growth (3Y)(%) is ranked higher than
92% of the 718 Companies
in the Global Semiconductors industry.

( Industry Median: -1.10 vs. TSM: 21.30 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
TSM' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
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 528 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 EBITDA Growth (3Y)(%) Range Over the Past 10 Years
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 445 Companies
in the Global Semiconductors industry.

( Industry Median: -1.60 vs. TSM: 23.70 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
TSM' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -17  Med: 10.80 Max: 77.3
Current: 23.7
-17
77.3
» TSM's 10-Y Financials

Financials


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

» Details

Guru Trades

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%)
Ron Baron 1,100,000 sh (unchged)
Richard Pzena 386,375 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
Q3 2015

TSM Guru Trades in Q3 2015

First Eagle Investment 500,000 sh (New)
Charles Brandes 20,910 sh (New)
Frank Sands 159,000 sh (New)
Steven Cohen 1,207,300 sh (New)
Paul Tudor Jones 15,298 sh (New)
First Pacific Advisors 261,200 sh (+62.03%)
Jeremy Grantham 9,477,625 sh (+53.06%)
Richard Pzena 578,550 sh (+49.74%)
Pioneer Investments 4,326,268 sh (+48.39%)
Ron Baron 1,250,000 sh (+13.64%)
Jim Simons 5,011,171 sh (+10.00%)
Ken Fisher 27,517,403 sh (+3.39%)
Scott Black 366,130 sh (+1.10%)
David Dreman 2,681 sh (unchged)
John Hussman 25,200 sh (unchged)
Sarah Ketterer 3,940,833 sh (-11.34%)
Howard Marks 2,543,638 sh (-43.95%)
» More
Q4 2015

TSM Guru Trades in Q4 2015

Ken Fisher 28,175,836 sh (+2.39%)
John Hussman Sold Out
Richard Pzena 539,578 sh (-6.74%)
» 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) 12.40
TSM's P/E(ttm) is ranked higher than
68% of the 542 Companies
in the Global Semiconductors industry.

( Industry Median: 17.20 vs. TSM: 12.40 )
Ranked among companies with meaningful P/E(ttm) only.
TSM' s P/E(ttm) Range Over the Past 10 Years
Min: 9.99  Med: 14.74 Max: 34.35
Current: 12.4
9.99
34.35
Forward P/E 14.08
TSM's Forward P/E is ranked higher than
58% of the 276 Companies
in the Global Semiconductors industry.

( Industry Median: 15.43 vs. TSM: 14.08 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 12.40
TSM's PE(NRI) is ranked higher than
69% of the 540 Companies
in the Global Semiconductors industry.

( Industry Median: 17.20 vs. TSM: 12.40 )
Ranked among companies with meaningful PE(NRI) only.
TSM' s PE(NRI) Range Over the Past 10 Years
Min: 10  Med: 14.80 Max: 34.39
Current: 12.4
10
34.39
P/B 3.29
TSM's P/B is ranked lower than
82% of the 810 Companies
in the Global Semiconductors industry.

( Industry Median: 1.42 vs. TSM: 3.29 )
Ranked among companies with meaningful P/B only.
TSM' s P/B Range Over the Past 10 Years
Min: 2  Med: 3.31 Max: 4.11
Current: 3.29
2
4.11
P/S 4.39
TSM's P/S is ranked lower than
85% of the 826 Companies
in the Global Semiconductors industry.

( Industry Median: 1.34 vs. TSM: 4.39 )
Ranked among companies with meaningful P/S only.
TSM' s P/S Range Over the Past 10 Years
Min: 2.82  Med: 4.85 Max: 8.39
Current: 4.39
2.82
8.39
PFCF 12.25
TSM's PFCF is ranked higher than
63% of the 427 Companies
in the Global Semiconductors industry.

( Industry Median: 16.59 vs. TSM: 12.25 )
Ranked among companies with meaningful PFCF only.
TSM' s PFCF Range Over the Past 10 Years
Min: 6  Med: 26.00 Max: 217.65
Current: 12.25
6
217.65
POCF 7.02
TSM's POCF is ranked higher than
71% of the 555 Companies
in the Global Semiconductors industry.

( Industry Median: 11.40 vs. TSM: 7.02 )
Ranked among companies with meaningful POCF only.
TSM' s POCF Range Over the Past 10 Years
Min: 4.39  Med: 8.38 Max: 13.96
Current: 7.02
4.39
13.96
EV-to-EBIT 9.61
TSM's EV-to-EBIT is ranked higher than
69% of the 563 Companies
in the Global Semiconductors industry.

( Industry Median: 13.57 vs. TSM: 9.61 )
Ranked among companies with meaningful EV-to-EBIT only.
TSM' s EV-to-EBIT Range Over the Past 10 Years
Min: 5.9  Med: 12.40 Max: 598.3
Current: 9.61
5.9
598.3
EV-to-EBITDA 5.95
TSM's EV-to-EBITDA is ranked higher than
73% of the 639 Companies
in the Global Semiconductors industry.

( Industry Median: 10.51 vs. TSM: 5.95 )
Ranked among companies with meaningful EV-to-EBITDA only.
TSM' s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.8  Med: 7.30 Max: 312.6
Current: 5.95
3.8
312.6
PEG 0.60
TSM's PEG is ranked higher than
78% of the 208 Companies
in the Global Semiconductors industry.

( Industry Median: 1.31 vs. TSM: 0.60 )
Ranked among companies with meaningful PEG only.
TSM' s PEG Range Over the Past 10 Years
Min: 0.53  Med: 1.42 Max: 5.23
Current: 0.6
0.53
5.23
Shiller P/E 22.94
TSM's Shiller P/E is ranked higher than
73% of the 101 Companies
in the Global Semiconductors industry.

( Industry Median: 36.47 vs. TSM: 22.94 )
Ranked among companies with meaningful Shiller P/E only.
TSM' s Shiller P/E Range Over the Past 10 Years
Min: 12.09  Med: 20.44 Max: 27.21
Current: 22.94
12.09
27.21
Current Ratio 3.44
TSM's Current Ratio is ranked higher than
70% of the 831 Companies
in the Global Semiconductors industry.

( Industry Median: 2.38 vs. TSM: 3.44 )
Ranked among companies with meaningful Current Ratio only.
TSM' s Current Ratio Range Over the Past 10 Years
Min: 1.18  Med: 2.54 Max: 6.34
Current: 3.44
1.18
6.34
Quick Ratio 3.12
TSM's Quick Ratio is ranked higher than
75% of the 831 Companies
in the Global Semiconductors industry.

( Industry Median: 1.79 vs. TSM: 3.12 )
Ranked among companies with meaningful Quick Ratio only.
TSM' s Quick Ratio Range Over the Past 10 Years
Min: 1.03  Med: 2.35 Max: 5.85
Current: 3.12
1.03
5.85
Days Inventory 54.29
TSM's Days Inventory is ranked higher than
69% of the 804 Companies
in the Global Semiconductors industry.

( Industry Median: 82.83 vs. TSM: 54.29 )
Ranked among companies with meaningful Days Inventory only.
TSM' s Days Inventory Range Over the Past 10 Years
Min: 36.94  Med: 42.55 Max: 49.21
Current: 54.29
36.94
49.21
Days Sales Outstanding 40.89
TSM's Days Sales Outstanding is ranked higher than
78% of the 752 Companies
in the Global Semiconductors industry.

( Industry Median: 65.89 vs. TSM: 40.89 )
Ranked among companies with meaningful Days Sales Outstanding only.
TSM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.02  Med: 44.37 Max: 55.13
Current: 40.89
0.02
55.13
Days Payable 14.96
TSM's Days Payable is ranked lower than
94% of the 756 Companies
in the Global Semiconductors industry.

( Industry Median: 51.88 vs. TSM: 14.96 )
Ranked among companies with meaningful Days Payable only.
TSM' s Days Payable Range Over the Past 10 Years
Min: 10.59  Med: 20.44 Max: 23.92
Current: 14.96
10.59
23.92

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.16
TSM's Dividend Yield is ranked higher than
64% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 2.26 vs. TSM: 2.16 )
Ranked among companies with meaningful Dividend Yield only.
TSM' s Dividend Yield Range Over the Past 10 Years
Min: 1.95  Med: 3.60 Max: 9.18
Current: 2.16
1.95
9.18
Forward Dividend Yield 2.20
TSM's Forward Dividend Yield is ranked higher than
60% of the 559 Companies
in the Global Semiconductors industry.

( Industry Median: 2.63 vs. TSM: 2.20 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 2.37
TSM's Yield on cost (5-Year) is ranked higher than
61% of the 653 Companies
in the Global Semiconductors industry.

( Industry Median: 2.16 vs. TSM: 2.37 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
TSM' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 2.14  Med: 3.99 Max: 10.09
Current: 2.37
2.14
10.09

Valuation & Return

vs
industry
vs
history
Price/Net Cash 36.68
TSM's Price/Net Cash is ranked lower than
88% of the 259 Companies
in the Global Semiconductors industry.

( Industry Median: 7.52 vs. TSM: 36.68 )
Ranked among companies with meaningful Price/Net Cash only.
TSM' s Price/Net Cash Range Over the Past 10 Years
Min: 8.18  Med: 28.50 Max: 329.57
Current: 36.68
8.18
329.57
Price/Net Current Asset Value 14.11
TSM's Price/Net Current Asset Value is ranked lower than
88% of the 573 Companies
in the Global Semiconductors industry.

( Industry Median: 3.53 vs. TSM: 14.11 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
TSM' s Price/Net Current Asset Value Range Over the Past 10 Years
Min: 6.68  Med: 13.96 Max: 1116.67
Current: 14.11
6.68
1116.67
Price/Tangible Book 3.33
TSM's Price/Tangible Book is ranked lower than
77% of the 790 Companies
in the Global Semiconductors industry.

( Industry Median: 1.58 vs. TSM: 3.33 )
Ranked among companies with meaningful Price/Tangible Book only.
TSM' s Price/Tangible Book Range Over the Past 10 Years
Min: 1.82  Med: 3.37 Max: 6.27
Current: 3.33
1.82
6.27
Price/Projected FCF 1.70
TSM's Price/Projected FCF is ranked lower than
63% of the 320 Companies
in the Global Semiconductors industry.

( Industry Median: 1.34 vs. TSM: 1.70 )
Ranked among companies with meaningful Price/Projected FCF only.
TSM' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.71  Med: 1.71 Max: 75.34
Current: 1.7
0.71
75.34
Price/DCF (Earnings Based) 0.90
TSM's Price/DCF (Earnings Based) is ranked higher than
84% of the 19 Companies
in the Global Semiconductors industry.

( Industry Median: 1.60 vs. TSM: 0.90 )
Ranked among companies with meaningful Price/DCF (Earnings Based) only.
N/A
Price/Median PS Value 0.91
TSM's Price/Median PS Value is ranked higher than
56% of the 742 Companies
in the Global Semiconductors industry.

( Industry Median: 0.97 vs. TSM: 0.91 )
Ranked among companies with meaningful Price/Median PS Value only.
TSM' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.58  Med: 1.01 Max: 2.18
Current: 0.91
0.58
2.18
Price/Peter Lynch Fair Value 0.62
TSM's Price/Peter Lynch Fair Value is ranked higher than
79% of the 121 Companies
in the Global Semiconductors industry.

( Industry Median: 1.13 vs. TSM: 0.62 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
TSM' s Price/Peter Lynch Fair Value Range Over the Past 10 Years
Min: 0.47  Med: 1.10 Max: 4.78
Current: 0.62
0.47
4.78
Price/Graham Number 1.36
TSM's Price/Graham Number is ranked lower than
57% of the 541 Companies
in the Global Semiconductors industry.

( Industry Median: 1.13 vs. TSM: 1.36 )
Ranked among companies with meaningful Price/Graham Number only.
TSM' s Price/Graham Number Range Over the Past 10 Years
Min: 1.19  Med: 1.52 Max: 5.25
Current: 1.36
1.19
5.25
Earnings Yield (Greenblatt) (%) 10.40
TSM's Earnings Yield (Greenblatt) (%) is ranked higher than
78% of the 823 Companies
in the Global Semiconductors industry.

( Industry Median: 3.60 vs. TSM: 10.40 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
TSM' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.2  Med: 8.00 Max: 17.1
Current: 10.4
0.2
17.1
Forward Rate of Return (Yacktman) (%) 22.66
TSM's Forward Rate of Return (Yacktman) (%) is ranked higher than
87% of the 352 Companies
in the Global Semiconductors industry.

( Industry Median: 3.19 vs. TSM: 22.66 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
TSM' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: 1.6  Med: 12.30 Max: 29.1
Current: 22.66
1.6
29.1

More Statistics

Revenue(Mil) $27286
EPS $ 1.86
Beta0.83
Short Percentage of Float0.86%
52-Week Range $17.32 - 25.77
Shares Outstanding(Mil)5186.08

Analyst Estimate

Dec15 Dec16 Dec17
Revenue(Mil) 25,724 27,142 27,956
EPS($) 1.90 1.81 1.58
EPS without NRI($) 1.90 1.81 1.58

Business Description

Industry: Semiconductors » Semiconductors
Compare:INTC, BRCM, ARMH, ADI, AUO » details
Traded in other countries:TSM.Argentina, TSFA.Germany, TSM N.Mexico, 2330.Taiwan,
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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