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Also traded in: Argentina, Austria, 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 4.73
TSM's Cash-to-Debt is ranked higher than
62% of the 850 Companies
in the Global Semiconductors industry.

( Industry Median: 1.69 vs. TSM: 4.73 )
Ranked among companies with meaningful Cash-to-Debt only.
TSM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49  Med: 3.51 Max: 51.31
Current: 4.73
0.49
51.31
Equity-to-Asset 0.80
TSM's Equity-to-Asset is ranked higher than
78% of the 849 Companies
in the Global Semiconductors industry.

( Industry Median: 0.60 vs. TSM: 0.80 )
Ranked among companies with meaningful Equity-to-Asset only.
TSM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.56  Med: 0.76 Max: 0.88
Current: 0.8
0.56
0.88
Debt-to-Equity 0.08
TSM's Debt-to-Equity is ranked higher than
79% of the 634 Companies
in the Global Semiconductors industry.

( Industry Median: 0.35 vs. TSM: 0.08 )
Ranked among companies with meaningful Debt-to-Equity only.
TSM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01  Med: 0.1 Max: 0.38
Current: 0.08
0.01
0.38
Debt-to-EBITDA 0.19
TSM's Debt-to-EBITDA is ranked higher than
83% of the 559 Companies
in the Global Semiconductors industry.

( Industry Median: 1.73 vs. TSM: 0.19 )
Ranked among companies with meaningful Debt-to-EBITDA only.
TSM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.07  Med: 0.29 Max: 0.61
Current: 0.19
0.07
0.61
Interest Coverage 128.58
TSM's Interest Coverage is ranked higher than
58% of the 682 Companies
in the Global Semiconductors industry.

( Industry Median: 57.83 vs. TSM: 128.58 )
Ranked among companies with meaningful Interest Coverage only.
TSM' s Interest Coverage Range Over the Past 10 Years
Min: 79.34  Med: 143.19 Max: 374.18
Current: 128.58
79.34
374.18
Piotroski F-Score: 6
Altman Z-Score: 11.76
Beneish M-Score: -2.99
WACC vs ROIC
11.08%
33.90%
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 % 37.92
TSM's Operating Margin % is ranked higher than
98% of the 849 Companies
in the Global Semiconductors industry.

( Industry Median: 6.76 vs. TSM: 37.92 )
Ranked among companies with meaningful Operating Margin % only.
TSM' s Operating Margin % Range Over the Past 10 Years
Min: 31.1  Med: 36.86 Max: 39.87
Current: 37.92
31.1
39.87
Net Margin % 34.57
TSM's Net Margin % is ranked higher than
98% of the 849 Companies
in the Global Semiconductors industry.

( Industry Median: 5.25 vs. TSM: 34.57 )
Ranked among companies with meaningful Net Margin % only.
TSM' s Net Margin % Range Over the Past 10 Years
Min: 30  Med: 33.08 Max: 38.52
Current: 34.57
30
38.52
ROE % 23.19
TSM's ROE % is ranked higher than
88% of the 834 Companies
in the Global Semiconductors industry.

( Industry Median: 7.07 vs. TSM: 23.19 )
Ranked among companies with meaningful ROE % only.
TSM' s ROE % Range Over the Past 10 Years
Min: 18.34  Med: 24.38 Max: 30.23
Current: 23.19
18.34
30.23
ROA % 17.78
TSM's ROA % is ranked higher than
93% of the 857 Companies
in the Global Semiconductors industry.

( Industry Median: 3.71 vs. TSM: 17.78 )
Ranked among companies with meaningful ROA % only.
TSM' s ROA % Range Over the Past 10 Years
Min: 15.45  Med: 18.21 Max: 24.6
Current: 17.78
15.45
24.6
ROC (Joel Greenblatt) % 38.08
TSM's ROC (Joel Greenblatt) % is ranked higher than
78% of the 855 Companies
in the Global Semiconductors industry.

( Industry Median: 12.25 vs. TSM: 38.08 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
TSM' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 31  Med: 38.35 Max: 51.56
Current: 38.08
31
51.56
3-Year Revenue Growth Rate 8.60
TSM's 3-Year Revenue Growth Rate is ranked higher than
61% of the 800 Companies
in the Global Semiconductors industry.

( Industry Median: 3.70 vs. TSM: 8.60 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
TSM' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -1.4  Med: 15.65 Max: 44.2
Current: 8.6
-1.4
44.2
3-Year EBITDA Growth Rate 9.30
TSM's 3-Year EBITDA Growth Rate is ranked higher than
51% of the 678 Companies
in the Global Semiconductors industry.

( Industry Median: 8.40 vs. TSM: 9.30 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
TSM' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -3.3  Med: 15.7 Max: 48.8
Current: 9.3
-3.3
48.8
3-Year EPS without NRI Growth Rate 10.70
TSM's 3-Year EPS without NRI Growth Rate is ranked higher than
52% of the 605 Companies
in the Global Semiconductors industry.

( Industry Median: 9.70 vs. TSM: 10.70 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
TSM' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -18.6  Med: 13.2 Max: 62.2
Current: 10.7
-18.6
62.2
GuruFocus has detected 1 Warning Sign with Taiwan Semiconductor Manufacturing Co Ltd TSM.
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» TSM's 30-Y Financials

Financials (Next Earnings Date: 2019-04-19)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income
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» Details

Guru Trades
Q1 2018

TSM Guru Trades in Q1 2018

Steve Mandel 12,349,027 sh (New)
Jim Simons 294,066 sh (New)
Ron Baron 2,645,176 sh (+3.42%)
Richard Pzena 623,501 sh (+3.87%)
Sarah Ketterer 6,783,327 sh (+23.93%)
Lee Ainslie 214,000 sh (+29.52%)
Pioneer Investments 2,938,596 sh (+10.93%)
Frank Sands 2,408,089 sh (+6.89%)
Prem Watsa 29,000 sh (unchged)
Jeff Auxier 5,487 sh (unchged)
Ken Fisher 33,869,039 sh (-0.36%)
Jeremy Grantham 4,984,027 sh (-0.87%)
Howard Marks 2,905,441 sh (-18.53%)
Al Gore 278,065 sh (-2.43%)
» More
Q2 2018

TSM Guru Trades in Q2 2018

Richard Snow 16,000 sh (New)
Charles Brandes 31,258 sh (New)
Ken Fisher 34,189,101 sh (+0.94%)
Pioneer Investments 3,715,513 sh (+26.44%)
Howard Marks 3,200,886 sh (+10.17%)
Frank Sands 2,465,364 sh (+2.38%)
Al Gore 288,965 sh (+3.92%)
Jim Simons 3,855,920 sh (+1211.24%)
Richard Pzena 623,501 sh (unchged)
Prem Watsa 29,000 sh (unchged)
Jeff Auxier 5,487 sh (unchged)
Steve Mandel Sold Out
Ron Baron 2,631,524 sh (-0.52%)
Sarah Ketterer 5,996,146 sh (-11.60%)
Lee Ainslie 189,010 sh (-11.68%)
Jeremy Grantham 3,017,853 sh (-39.45%)
» More
Q3 2018

TSM Guru Trades in Q3 2018

First Eagle Investment 4,758,381 sh (New)
Ken Fisher 35,141,990 sh (+2.79%)
Charles Brandes 76,867 sh (+145.91%)
Jeremy Grantham 3,372,927 sh (+11.77%)
Frank Sands 2,789,949 sh (+13.17%)
Sarah Ketterer 6,504,441 sh (+8.48%)
Howard Marks 3,625,809 sh (+13.28%)
Ron Baron 2,665,112 sh (+1.28%)
Prem Watsa 29,000 sh (unchged)
Jeff Auxier 5,487 sh (unchged)
Richard Snow Sold Out
Richard Pzena 429,146 sh (-31.17%)
Jim Simons 544,700 sh (-85.87%)
Pioneer Investments 1,695,138 sh (-54.38%)
Lee Ainslie 153,430 sh (-18.82%)
Al Gore 287,600 sh (-0.47%)
» More
Q4 2018

TSM Guru Trades in Q4 2018

Ken Fisher 36,229,503 sh (+3.09%)
Richard Pzena 597,355 sh (+39.20%)
First Eagle Investment 9,425,992 sh (+98.09%)
Charles Brandes 91,859 sh (+19.50%)
Jim Simons 5,039,202 sh (+825.13%)
Jeremy Grantham 4,215,027 sh (+24.97%)
Frank Sands 3,113,800 sh (+11.61%)
Ron Baron 3,434,720 sh (+28.88%)
Howard Marks 7,697,154 sh (+112.29%)
Jeff Auxier 5,487 sh (unchged)
Prem Watsa 29,000 sh (unchged)
Sarah Ketterer 6,033,669 sh (-7.24%)
Al Gore 283,753 sh (-1.34%)
Lee Ainslie 147,330 sh (-3.98%)
Pioneer Investments 1,054,349 sh (-37.80%)
» More
» Details

Insider Trades

Financial Reports

Latest Guru Trades with NYSE:TSM

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Business Description

Industry: Semiconductors » Semiconductors    NAICS: 334413 
Compare:NAS:INTC, NAS:NVDA, NAS:TXN, NAS:AVGO, NAS:QCOM, NAS:NXPI, NAS:ADI, XTER:IFX, MIL:STM, NAS:MCHP, TPE:2454, TSE:6723, NAS:XLNX, NAS:SWKS, NAS:MXIM, TPE:2311, SHSE:600703, NAS:AMD, NAS:MRVL, TSE:6963 » details
Traded in other countries:TSM.Argentina, TSFA.Austria, TSFA.Germany, TSM N.Mexico, 2330.Taiwan,
Headquarter Location:Taiwan
Taiwan Semiconductor Manufacturing Co Ltd engages in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices. In addition, it also manufactures masks.

Taiwan Semiconductor Manufacturing is the world's largest dedicated chip foundry, with almost 54.5% market share in 2016 (according to Gartner's March 2017 data). TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business.

Guru Investment Theses on Taiwan Semiconductor Manufacturing Co Ltd

David Herro Comments on Taiwan Semiconductor Manufacturing Co - Jan 09, 2019

The new addition, Taiwan Semiconductor Manufacturing Company (NYSE:TSM), controls over 50% of the semiconductor foundry market and commands an even greater share in technologies that require advanced process nodes. Foundry is a business with significant barriers to entry due to significant capital requirements, in-depth technological expertise and a customer-centric business model. Taiwan Semiconductor is one of only a few companies that possesses the attributes necessary to lead the industry for the long term. In addition, we think the company’s growth should outpace the overall semiconductor industry due to its greater exposure to quickly expanding end markets, a rapidly growing client base, continued outsourcing activity and impressive market share gains. Furthermore, for the past five years, Taiwan Semiconductor has returned 80% of its excess cash to shareholders through dividend payments. Finally, the company has recently boosted its free cash flow, which management will likely use to reward shareholders further.

From David Herro (Trades, Portfolio)'s Oakmark Global Fund fourth-quarter 2018 shareholder letter.

Check out David Herro latest stock trades

Top Ranked Articles about Taiwan Semiconductor Manufacturing Co Ltd

David Herro Comments on Taiwan Semiconductor Manufacturing Co Guru stock highlight
January 9, 2019
The new addition, Taiwan Semiconductor Manufacturing Company (NYSE:TSM), controls over 50% of the semiconductor foundry market and commands an even greater share in technologies that require advanced process nodes. Foundry is a business with significant barriers to entry due to significant capital requirements, in-depth technological expertise and a customer-centric business model. Taiwan Semiconductor is one of only a few companies that possesses the attributes necessary to lead the industry for the long term. In addition, we think the company’s growth should outpace the overall semiconductor industry due to its greater exposure to quickly expanding end markets, a rapidly growing client base, continued outsourcing activity and impressive market share gains. Furthermore, for the past five years, Taiwan Semiconductor has returned 80% of its excess cash to shareholders through dividend payments. Finally, the company has recently boosted its free cash flow, which management will likely use to reward shareholders further. Read more...
6 Stocks With Margin of Safety and Growing Book Value British American Tobacco makes the list
November 4, 2018
According to the GuruFocus All-In-One Screener, the following companies have grown their book value per share (BV/S) over the last decade. Read more...
What You Need to Know About Taiwan Semiconductor’s Earnings 7-nanometer chips will contribute to the company’s revenue by 2019
July 20, 2018
Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) – a leading pure-play semiconductor foundry – reported second-quarter results yesterday, beating the Street's bottom line consensus. Read more...
Semiconductor Companies Showing Good Value Potential Despite Trade War Fears Taiwan-based semiconductor company makes both undervalued predictable and Buffett-Munger screeners
June 19, 2018
Despite increasing fears of a U.S.-China trade war, semiconductor companies like Taiwan Semiconductor Co. Ltd. (NYSE:TSM)(TPE:2330) and IPG Photonics Corp. (NASDAQ:IPGP) still made the undervalued predictable screener and Buffett-Munger screener as of Tuesday. Read more...
Tech Round Up of the Day Taiwan Semiconductors’ poor guidance, Tesla’s production woes and more
April 20, 2018
Read more...
5 Bargain Stocks Growing Book Value Taiwan Semiconductor tops the list
April 10, 2018
According to the GuruFocus All-In-One Screener, the following companies have grown their book value per share (BV/S) over the past decade. Read more...

Ratios

vs
industry		 vs
history
PE Ratio 17.58
TSM's PE Ratio is ranked higher than
54% of the 618 Companies
in the Global Semiconductors industry.

( Industry Median: 19.55 vs. TSM: 17.58 )
Ranked among companies with meaningful PE Ratio only.
TSM' s PE Ratio Range Over the Past 10 Years
Min: 10.02  Med: 14.99 Max: 34.53
Current: 17.58
10.02
34.53
Forward PE Ratio 18.76
TSM's Forward PE Ratio is ranked higher than
52% of the 152 Companies
in the Global Semiconductors industry.

( Industry Median: 18.55 vs. TSM: 18.76 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 17.58
TSM's PE Ratio without NRI is ranked higher than
55% of the 619 Companies
in the Global Semiconductors industry.

( Industry Median: 20.06 vs. TSM: 17.58 )
Ranked among companies with meaningful PE Ratio without NRI only.
TSM' s PE Ratio without NRI Range Over the Past 10 Years
Min: 10.02  Med: 14.99 Max: 34.53
Current: 17.58
10.02
34.53
Price-to-Owner-Earnings 18.37
TSM's Price-to-Owner-Earnings is ranked higher than
58% of the 406 Companies
in the Global Semiconductors industry.

( Industry Median: 20.26 vs. TSM: 18.37 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
TSM' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 6.33  Med: 15.8 Max: 22.77
Current: 18.37
6.33
22.77
PB Ratio 3.93
TSM's PB Ratio is ranked lower than
81% of the 831 Companies
in the Global Semiconductors industry.

( Industry Median: 1.85 vs. TSM: 3.93 )
Ranked among companies with meaningful PB Ratio only.
TSM' s PB Ratio Range Over the Past 10 Years
Min: 2  Med: 3.38 Max: 4.5
Current: 3.93
2
4.5
PS Ratio 6.07
TSM's PS Ratio is ranked lower than
90% of the 832 Companies
in the Global Semiconductors industry.

( Industry Median: 1.67 vs. TSM: 6.07 )
Ranked among companies with meaningful PS Ratio only.
TSM' s PS Ratio Range Over the Past 10 Years
Min: 2.84  Med: 4.86 Max: 6.88
Current: 6.07
2.84
6.88
Price-to-Free-Cash-Flow 19.28
TSM's Price-to-Free-Cash-Flow is ranked lower than
56% of the 414 Companies
in the Global Semiconductors industry.

( Industry Median: 20.02 vs. TSM: 19.28 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
TSM' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 5.98  Med: 26.84 Max: 231.25
Current: 19.28
5.98
231.25
Price-to-Operating-Cash-Flow 10.54
TSM's Price-to-Operating-Cash-Flow is ranked higher than
59% of the 562 Companies
in the Global Semiconductors industry.

( Industry Median: 13.21 vs. TSM: 10.54 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
TSM' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 4.38  Med: 8.44 Max: 11.63
Current: 10.54
4.38
11.63
EV-to-EBIT 14.24
TSM's EV-to-EBIT is ranked higher than
54% of the 629 Companies
in the Global Semiconductors industry.

( Industry Median: 15.37 vs. TSM: 14.24 )
Ranked among companies with meaningful EV-to-EBIT only.
TSM' s EV-to-EBIT Range Over the Past 10 Years
Min: 6.6  Med: 12.3 Max: 20.6
Current: 14.24
6.6
20.6
EV-to-EBITDA 8.29
TSM's EV-to-EBITDA is ranked higher than
64% of the 681 Companies
in the Global Semiconductors industry.

( Industry Median: 11.43 vs. TSM: 8.29 )
Ranked among companies with meaningful EV-to-EBITDA only.
TSM' s EV-to-EBITDA Range Over the Past 10 Years
Min: 4.1  Med: 7.3 Max: 9.7
Current: 8.29
4.1
9.7
EV-to-Revenue 5.59
TSM's EV-to-Revenue is ranked lower than
87% of the 843 Companies
in the Global Semiconductors industry.

( Industry Median: 1.73 vs. TSM: 5.59 )
Ranked among companies with meaningful EV-to-Revenue only.
TSM' s EV-to-Revenue Range Over the Past 10 Years
Min: 2.4  Med: 4.5 Max: 6.4
Current: 5.59
2.4
6.4
PEG Ratio 1.06
TSM's PEG Ratio is ranked higher than
57% of the 281 Companies
in the Global Semiconductors industry.

( Industry Median: 1.33 vs. TSM: 1.06 )
Ranked among companies with meaningful PEG Ratio only.
TSM' s PEG Ratio Range Over the Past 10 Years
Min: 0.45  Med: 1.12 Max: 5.91
Current: 1.06
0.45
5.91
Shiller PE Ratio 25.99
TSM's Shiller PE Ratio is ranked higher than
66% of the 174 Companies
in the Global Semiconductors industry.

( Industry Median: 38.89 vs. TSM: 25.99 )
Ranked among companies with meaningful Shiller PE Ratio only.
TSM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 12.63  Med: 21.57 Max: 31.42
Current: 25.99
12.63
31.42
Current Ratio 2.67
TSM's Current Ratio is ranked higher than
61% of the 854 Companies
in the Global Semiconductors industry.

( Industry Median: 2.20 vs. TSM: 2.67 )
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: 2.67
1.18
6.34
Quick Ratio 2.34
TSM's Quick Ratio is ranked higher than
68% of the 854 Companies
in the Global Semiconductors industry.

( Industry Median: 1.70 vs. TSM: 2.34 )
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: 2.34
1.03
5.85
Days Inventory 61.33
TSM's Days Inventory is ranked higher than
72% of the 824 Companies
in the Global Semiconductors industry.

( Industry Median: 80.81 vs. TSM: 61.33 )
Ranked among companies with meaningful Days Inventory only.
TSM' s Days Inventory Range Over the Past 10 Years
Min: 36.88  Med: 43.55 Max: 61.33
Current: 61.33
36.88
61.33
Days Sales Outstanding 45.77
TSM's Days Sales Outstanding is ranked higher than
72% of the 846 Companies
in the Global Semiconductors industry.

( Industry Median: 64.56 vs. TSM: 45.77 )
Ranked among companies with meaningful Days Sales Outstanding only.
TSM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.02  Med: 43.06 Max: 55.13
Current: 45.77
0.02
55.13
Days Payable 61.22
TSM's Days Payable is ranked lower than
87% of the 829 Companies
in the Global Semiconductors industry.

( Industry Median: 54.95 vs. TSM: 61.22 )
Ranked among companies with meaningful Days Payable only.
TSM' s Days Payable Range Over the Past 10 Years
Min: 10.59  Med: 54.97 Max: 120.82
Current: 61.22
10.59
120.82

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield % 3.42
TSM's Dividend Yield % is ranked higher than
83% of the 675 Companies
in the Global Semiconductors industry.

( Industry Median: 1.85 vs. TSM: 3.42 )
Ranked among companies with meaningful Dividend Yield % only.
TSM' s Dividend Yield % Range Over the Past 10 Years
Min: 1.95  Med: 3.45 Max: 10.18
Current: 3.42
1.95
10.18
Dividend Payout Ratio 0.61
TSM's Dividend Payout Ratio is ranked lower than
64% of the 452 Companies
in the Global Semiconductors industry.

( Industry Median: 0.34 vs. TSM: 0.61 )
Ranked among companies with meaningful Dividend Payout Ratio only.
TSM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.31  Med: 0.49 Max: 0.87
Current: 0.61
0.31
0.87
3-Year Dividend Growth Rate 32.60
TSM's 3-Year Dividend Growth Rate is ranked higher than
81% of the 320 Companies
in the Global Semiconductors industry.

( Industry Median: 6.90 vs. TSM: 32.60 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
TSM' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0.05 Max: 83
Current: 32.6
0
83
Forward Dividend Yield % 3.45
TSM's Forward Dividend Yield % is ranked higher than
80% of the 655 Companies
in the Global Semiconductors industry.

( Industry Median: 2.03 vs. TSM: 3.45 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 8.94
TSM's 5-Year Yield-on-Cost % is ranked higher than
93% of the 670 Companies
in the Global Semiconductors industry.

( Industry Median: 2.27 vs. TSM: 8.94 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
TSM' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 5.1  Med: 9.02 Max: 26.62
Current: 8.94
5.1
26.62

Valuation & Return

vs
industry		 vs
history
Price-to-Net-Cash 27.55
TSM's Price-to-Net-Cash is ranked lower than
79% of the 274 Companies
in the Global Semiconductors industry.

( Industry Median: 9.50 vs. TSM: 27.55 )
Ranked among companies with meaningful Price-to-Net-Cash only.
TSM' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 8.18  Med: 29.77 Max: 566
Current: 27.55
8.18
566
Price-to-Net-Current-Asset-Value 13.35
TSM's Price-to-Net-Current-Asset-Value is ranked lower than
84% of the 595 Companies
in the Global Semiconductors industry.

( Industry Median: 4.33 vs. TSM: 13.35 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
TSM' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.67  Med: 14.16 Max: 1116.67
Current: 13.35
6.67
1116.67
Price-to-Tangible-Book 3.97
TSM's Price-to-Tangible-Book is ranked lower than
75% of the 803 Companies
in the Global Semiconductors industry.

( Industry Median: 2.03 vs. TSM: 3.97 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
TSM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.45  Med: 3.39 Max: 5.82
Current: 3.97
2.45
5.82
Price-to-Intrinsic-Value-Projected-FCF 1.54
TSM's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
56% of the 510 Companies
in the Global Semiconductors industry.

( Industry Median: 1.49 vs. TSM: 1.54 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
TSM' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.65  Med: 1.62 Max: 74.97
Current: 1.54
0.65
74.97
Price-to-Intrinsic-Value-DCF (Earnings Based) 0.84
TSM's Price-to-Intrinsic-Value-DCF (Earnings Based) is ranked higher than
69% of the 58 Companies
in the Global Semiconductors industry.

( Industry Median: 1.29 vs. TSM: 0.84 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
TSM' s Price-to-Intrinsic-Value-DCF (Earnings Based) Range Over the Past 10 Years
Min: 0.55  Med: 0.78 Max: 1.34
Current: 0.84
0.55
1.34
Price-to-Median-PS-Value 1.25
TSM's Price-to-Median-PS-Value is ranked lower than
66% of the 804 Companies
in the Global Semiconductors industry.

( Industry Median: 1.08 vs. TSM: 1.25 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
TSM' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.73  Med: 1.05 Max: 3.4
Current: 1.25
0.73
3.4
Price-to-Peter-Lynch-Fair-Value 1.35
TSM's Price-to-Peter-Lynch-Fair-Value is ranked higher than
53% of the 204 Companies
in the Global Semiconductors industry.

( Industry Median: 1.23 vs. TSM: 1.35 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
TSM' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.55  Med: 1.09 Max: 5.41
Current: 1.35
0.55
5.41
Price-to-Graham-Number 1.76
TSM's Price-to-Graham-Number is ranked lower than
63% of the 570 Companies
in the Global Semiconductors industry.

( Industry Median: 1.42 vs. TSM: 1.76 )
Ranked among companies with meaningful Price-to-Graham-Number only.
TSM' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.15  Med: 1.53 Max: 4.04
Current: 1.76
1.15
4.04
Earnings Yield (Greenblatt) % 7.03
TSM's Earnings Yield (Greenblatt) % is ranked higher than
66% of the 856 Companies
in the Global Semiconductors industry.

( Industry Median: 4.19 vs. TSM: 7.03 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
TSM' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 4.8  Med: 8.1 Max: 15
Current: 7.03
4.8
15
Forward Rate of Return (Yacktman) % 16.43
TSM's Forward Rate of Return (Yacktman) % is ranked higher than
70% of the 422 Companies
in the Global Semiconductors industry.

( Industry Median: 9.98 vs. TSM: 16.43 )
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: 10.2  Med: 18.2 Max: 26.2
Current: 16.43
10.2
26.2

More Statistics

Revenue (TTM) (Mil) $33,984.59
EPS (TTM) $ 2.27
Beta0.92
Volatility24.57%
52-Week Range $34.21 - 45.75
Shares Outstanding (Mil)5,186.08 (ADR)

Analyst Estimate

Dec18 Dec19 Dec20
Revenue (Mil $) 33,509 33,434 36,259
EBIT (Mil $) 12,459 11,988 13,302
EBITDA (Mil $) 21,966 20,804 22,751
EPS ($) 2.20 2.08 2.33
EPS without NRI ($) 2.20 2.08 2.33
EPS Growth Rate
(Future 3Y To 5Y Estimate)		 2.80%
Dividends per Share ($) 1.30 1.42 1.62

Piotroski F-Score Details

Piotroski F-Score: 66
Positive ROAY
Positive CFROAY
Higher ROA yoyN
CFROA > ROAY
Lower Leverage yoyY
Higher Current Ratio yoyY
Less Shares Outstanding yoyY
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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