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Taiwan Semiconductor Manufacturing Company Limited TSM AI

Technology · Semiconductors · Taiwan
https://www.tsmc.com

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 various wafer fabrication processes, such as processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others. The company also involved in providing customer and engineering support services; manufacturing of masks; investment in technology start-up companies; research, designing, developing, manufacturing, packaging, testing, and sale of color filters; and investment activities. Its products are used in high performance computing, smartphones, Internet of things, automotive, and digital consumer electronics. Taiwan Semiconductor Manufacturing Company Limited was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.

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$418.45
+119.14% 1Y

Market & Price

Market Cap
$2.17T
Current Price
$418.45
High / Low (52W)
$424.86 / $190.95
Beta
1.26

Valuation

Stock P/E
35.86
Industry PE
32.74
Forward P/E
21.44
PEG Ratio
1.32
Book Value
$4.52
Price to Book
92.61
P/S
0.53
EV/EBITDA
3.01
Dividend Yield
0.91%

Profitability & Returns

ROCE
32.04%
ROE
36.21%
ROA
17.32%
Profit Margin
46.51%
Op Margin
58.10%
EPS (Latest Qtr)
$110.40
EPS (TTM)
$11.67

Balance Sheet & Liquidity

Debt/Equity
0.18
Quick Ratio
2.19
Current Ratio
2.49
Debt
$1.09T
Total Assets
$7.93T
Current Assets
$3.82T
Working Capital
$2.29T

Ownership

Promoter Holding
0.04%
Chg in Prom Hold
-
FII / Inst Holding
15.45%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
$8.60T
Total Revenue (TTM)
$4.10T
EBITDA
$2.86T
Free Cash Flow
$719.16B
Operating Cash Flow
$2.35T
Shares Outstanding
5.19B
Gross Margin
61.87%
Payout Ratio
27.93%

Growth (CAGR)

Revenue 5Y
18.94%
Profit 5Y
19.57%
Revenue (YoY)
35.10%
Earnings (YoY)
58.40%

PROS

  • Strong return on equity of 36.2%.
  • Healthy ROCE of 32.0%.
  • Excellent profit margin of 46.5%.
  • Compounding revenue at 18.9% over 5 years.
  • Profit CAGR of 19.6% over 5 years.
  • Generates positive free cash flow.

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
6 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
7 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
8 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
9 INTC Intel Corporation NDXSPXAI 114.68 - $576.38B - 1.47% -2.91% -5.71% -34.44%
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Quarterly Results

Figures in USD.

Metric Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -839.25B933.79B989.92B1.05T1.13T
Cost of Revenue -345.86B386.42B401.38B394.10B382.81B
Gross Profit -493.40B547.37B588.54B651.99B751.30B
Operating Expenses -86.31B83.93B87.86B87.11B92.35B
Operating Income -407.09B463.44B500.69B564.88B658.95B
EBITDA -608.71B684.78B691.11B757.51B855.97B
Interest Expense 2.52B2.68B-2.96B3.04B2.72B
Pretax Income -430.90B493.04B525.37B592.36B687.80B
Tax Provision -70.16B95.54B73.61B107.21B115.00B
Net Income -361.56B398.27B452.30B485.47B572.48B
Diluted EPS -69.7076.8087.2097.50110.40

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -2.26T2.16T2.89T3.81T
Cost of Revenue -915.54B986.63B1.27T1.53T
Gross Profit -1.35T1.18T1.62T2.28T
Operating Expenses -227.13B253.68B302.35B345.20B
Operating Income -1.12T921.43B1.32T1.94T
EBITDA -1.59T1.52T2.08T2.74T
Interest Expense -11.75B12.00B10.50B12.37B
Pretax Income -1.14T979.32B1.41T2.04T
Tax Provision -150.78B128.29B248.32B346.53B
Net Income -992.92B851.74B1.16T1.70T
Diluted EPS -196.00161.70223.35327.35

Compounded Sales Growth

5 Years:18.94%
1 Year:35.10%

Compounded Profit Growth

5 Years:19.57%
1 Year:58.40%

Stock Price Performance

1 Year:+119.14%
6 Months:+47.80%
3 Months:+12.03%
1 Month:+6.25%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -4.96T5.53T6.69T7.93T
Current Assets -2.05T2.19T3.09T3.82T
Cash & Equivalents -1.34T1.47T2.13T2.77T
Inventory -221.15B251.00B287.87B288.11B
Receivables -229.76B201.31B270.68B279.05B
Total Liabilities -2.05T2.08T2.41T2.54T
Current Liabilities -986.56B942.81B1.31T1.52T
Long Term Debt -839.10B918.28B958.43B896.06B
Total Debt -888.17B956.26B1.05T1.06T
Total Equity -2.90T3.43T4.24T5.36T
Shares Outstanding -25.93B25.93B25.93B25.93B

Cash Flows (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -1.61T1.24T1.83T2.27T
Investing Cash Flow --1.19T-906.12B-864.84B-1.14T
Financing Cash Flow --200.24B-204.89B-346.30B-440.34B
Capital Expenditure --1.09T-955.40B-964.98B-1.28T
Free Cash Flow -520.97B286.57B861.20B992.38B
Net Change in Cash -219.43B130.95B615.03B690.24B

Ratios (Annual)

Figures in %.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -59.6%54.4%56.1%59.9%
Operating Margin % -49.5%42.6%45.7%50.8%
Net Margin % -43.9%39.4%40.0%44.6%
ROE % -34.2%24.8%27.3%31.7%
ROCE % -28.2%20.1%24.6%30.2%

Shareholding Pattern

Insiders
0.04%
Institutions
15.45%
Public Float
15.46%

Top Institutional Holders

#Holder% HeldSharesValue
1 FMR, LLC 1.16% 60.39M $25.27B
2 Capital World Investors 0.63% 32.89M $13.76B
3 Sanders Capital, LLC 0.54% 28.06M $11.74B
4 JPMORGAN CHASE & CO 0.46% 23.98M $10.04B
5 Van Eck Associates Corporation 0.37% 19.26M $8.06B
6 Fisher Asset Management, LLC 0.36% 18.62M $7.79B
7 Blackrock Inc. 0.35% 18.22M $7.63B
8 Morgan Stanley 0.28% 14.77M $6.18B
9 Bank of America Corporation 0.27% 14.11M $5.90B
10 Jennison Associates LLC 0.23% 12.02M $5.03B

Analyst View

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