Technology / SemiconductorsUpdated 2026-05-10 22:07 UTC

TSM stock hub

TSM is the dominant global semiconductor foundry, leading in advanced nodes. Massive AI-driven demand from customers like Nvidia and AMD is driving strong near-term revenue growth and high CapEx, securing its position as vital infrastructure.

Read full analysis Valuation Archive

Fair value midpoint

$554

$376 - $734

Upside to midpoint

+34.6%

Based on latest report

Confidence

88/100

Data quality and model convergence

Market cap

$2.14T

NYSE

Our take

Research highlights

What our analysis says

Pulled from the latest published report. The full reasoning lives under /analysis.

Biggest opportunity

Bull case

The massive $554 mid-point relies heavily on near-term AI forward earnings visibility.

Biggest risk

China Invasion/Blockade of Taiwan

Unpredictable

Recommended action

Strong Buy

Strong Buy. TSM is the definitive infrastructure play for the AI generation, with an unmatched moat justifying its CapEx requirements and a compelling 35% upside to our $554 fair value.

Market data

Price

Recent price action with selectable time range.

Taiwan Semiconductor Manufacturing Company LimitedTSM

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In the news

Latest news · TSM

Recent company headlines from major financial publishers.

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Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

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EPS estimate—

Revenue estimate—

Analysis map

Jump into the research surface

These links all point into /analysis/*, so a hub rollback leaves the report reader and legacy redirects live.

Forecast

Targets

Bull, base, and bear cases with expected-return framing.

Valuation

Models

Fair-value bridge, DCF, owner earnings, and peer multiples.

Sensitivity

Grid

Cost-of-equity and terminal-growth stress table.

Risks

Bear case

Kill scenarios, soft-pass flags, and downside catalysts.

Earnings

Decision tree

Next earnings setup and beat / inline / miss thresholds.

Position sizing

Checkpoints

Entry, exit, conviction, and quarterly monitoring rules.

Financials

History

Revenue, margins, cash flow, and balance-sheet context.

Peers

Comps

Relative valuation and profitability against the cohort.

Moat

Durability

Economic-profit evidence and competitive advantage risk.

Industry cycle

Context

Sector phase, capital cycle, and secular tailwinds.

Scorecard

Factors

Six-factor overlay and 9-category weighted scorecard.

Recommendation

Verdict

Final action, action steps, opportunity, and biggest risk.

Perspectives

Lenses

Growth, value, and income investor reads.

Where the current metrics sit

Percentiles come from the backend screener cohort cache for the ticker's country and sector.

Forward P/E21.3

P25 n/aP50 n/aP75 n/a

Trailing P/E0

P25 n/aP50 n/aP75 n/a

ROE36.2

P25 n/aP50 n/aP75 n/a

ROIC52.2

P25 n/aP50 n/aP75 n/a

Benchmarks - 1M

S&P 500n/a

Nasdaq Compositen/a

Dow Jones Industrial Averagen/a

Russell 2000n/a

Our take

Indicator catalog

All TSM market and fundamental indicators

A searchable catalog of the available market, valuation, profitability, growth, balance-sheet, ownership, and analyst metrics for this ticker.

Available fields

282

Groups with data

Currency

TWD

Showing 282 of 282 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Cik	0001046179
Company name	Taiwan Semiconductor Manufacturing Company Limited
Country	Taiwan
Country code	US
Cusip	874039100
Employees	90,557
Employees Change	6,732%
Employees Change Percent	8.03
Enterprise value	$1.8T
Exchange	NYSE
Financial currency	TWD
First seen	2026-05-09
Industry	Semiconductors
IPO Date	1994-09-05
Isin	US8740391003
Last refreshed	2026-05-10
Market cap	$1.9T
Market cap category	Mega-Cap
Price	$412
Price currency	USD
Rev Per Employee	1,417,087.37x
Sector	Technology
Sic	3674
Symbol	TSM
Tags	artificial-intelligence
Website	https://www.tsmc.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Earnings Yield	3.15%
EV Earnings	30.52x
EV Sales Forward	0.33x
EV/EBIT	26.61x
EV/EBITDA	20.39x
EV/FCF	54.01x
EV/Sales	14.19x
FCF yield	1.78%
Forward P/E	24.9x
P/B ratio	10.22x
P/E ratio	31.76x
P/S ratio	14.77x
PE Ratio10 Y	19.66x
PE Ratio3 Y	21.12x
PE Ratio5 Y	20.65x
PS Forward	0.34x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT Margin	53.33%
EBITDA Margin	69.6%
FCF margin	26.28%
Gross margin	61.87%
Gross Profit	$79.4B
Gross Profit Growth	40.81%
Gross Profit Growth Q	52.27%
Gross Profit Growth3 Y	23.09%
Gross Profit Growth5 Y	27.96%
Net Income	$59.7B
Net Income Growth	47.44%
Net Income Growth Q	58.33%
Net Income Growth Quarters	8%
Net Income Growth Years	2%
Net Income Growth3 Y	24.16%
Net Income Growth5 Y	29.04%
Pretax Margin	56.01%
Profit Margin	46.5%
Profit Per Employee	$659,016
Profitable Years	26
ROA	17.32
Roa5y	13.95
ROCE	31.51
ROE	36.21
Roe5y	32.12
ROIC	52.18
Roic5y	41.66

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
Cagr10y	36.01%
Cagr15y	28.25%
Cagr1y	138.29%
Cagr20y	23.14%
Cagr3y	71.16%
Cagr5y	30.33%
Div CAGR10	13.37%
Div CAGR3	23.01%
Div CAGR5	13.84%
EPS Growth	47.47
EPS Growth Q	58.39
EPS Growth Quarters	8
EPS Growth Years	2
EPS Growth3 Y	24.16
EPS Growth5 Y	29.04
FCF Growth	16.06%
FCF Growth Q	18.14%
FCF Growth3 Y	28.25%
FCF Growth5 Y	29.97%
OCF Growth	16.52%
OCF Growth Q	11.73%
OCF Growth10 Y	16.84%
OCF Growth3 Y	13.09%
OCF Growth5 Y	22.61%
Revenue Growth	30.66x
Revenue Growth Q	35.13x
Revenue Growth Quarters	8x
Revenue Growth Years	2x
Revenue Growth3 Y	21.62x
Revenue Growth5 Y	24.16x

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Asset Turnover	$0.52
Assets	$270.8B
Cash	$105.8B
Current Assets	$136.2B
Current Liabilities	$54.7B
Debt	$31.8B
Debt EBITDA	$0.36
Debt Equity	$0.17
Debt FCF	$0.94
Equity	$185.5B
Interest Coverage	176.9
Liabilities	$85.3B
Long Term Assets	$134.6B
Long Term Liabilities	$30.6B
Net Cash	$74B
Net Cash By Market Cap	$3.91
Net Cash Growth	45.95%
Net Debt EBITDA	$-0.83
Net Debt Equity	$-0.4
Net Debt FCF	$-2.2
Tangible Book Value	$184.2B
Tangible Book Value Per Share	$7.1
WACC	11.03

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Current ratio	2.49
Inventory Turnover	5.17
Net Working Capital	$-21.1B
Quick ratio	2.19
Working Capital	$79.8B
Working Capital Turnover	$0.06

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback Yield	-0%
Dividend Growth	36.16%
Dividend Growth Years	3%
Dividend per share	$2.64
Dividend Years	23
Dividend Yield	0.64%
Ex Div Date	2026-03-17
Last Dividend	$0.74
Payout Frequency	Quarterly
Payout Ratio	114.53%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y total return	2,064.91%
1Y total return	138.15%
200-day SMA	309.7
3Y total return	401.6%
50-day SMA	363.3
50-day SMA vs 200-day SMA	50over200
5Y total return	275.95%
All Time High	420
All Time High Change	-1.98%
All Time High Date	2026-05-07
All Time Low	2.81
All Time Low Change	14,534.91%
All Time Low Date	1998-01-12
ATR	14.11
Beta	1.26
Ch YTD	35.47
High	417
High52	420
High52 Date	2026-05-07
High52ch	-1.98%
Low	400.9
Low52	173.7
Low52 Date	2025-05-08
Low52ch	137.06%
Ma50ch	13.32%
Premarket Change Percent	0.46
Premarket Price	$416
Premarket Volume	350,335
Price vs 200-day SMA	32.94%
RSI	63.99
RSI Monthly	78.25
RSI Weekly	73.14
Sharpe ratio	2.53x
Sortino ratio	4.43
Total Return	0.64%
Tr YTD	35.77
Tr15y	4,077.35%
Tr1m	19.22%
Tr1w	3.52%
Tr3m	18.27%

Analyst estimates

Ratings, targets, revisions, and forward estimate fields.

Metric	Value
Analyst Count	6
Analyst Count Top	3
Analyst Price Target Top	$417
Analyst Ratings	Buy
Analyst Ratings Top	Buy
Earnings EPS Estimate	$3.31
Earnings EPS Estimate Growth	56.13
Earnings Revenue Estimate	35,500,000,000x
Earnings Revenue Estimate Growth	39.07x
Operating Income	$68.4B
Operating Income Growth	47.76
Operating Income Growth Q	61.88
Operating Income Growth3 Y	24.7
Operating Income Growth5 Y	30.03
Operating margin	53.33
Price target	$417
Price Target Change	$1.21
Price Target Change Top	$1.21

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	23,638,029,115%
Float Percent	91.17%
Net Borrowing	964,232,402.9
Shares Insiders	0.37%
Shares Institutions	47.58%
Shares Out	25,927,536,231
Shares Qo Q	-0.01%
Shares Yo Y	0%
Short Ratio	2
Short Shares	0.53

Other indicators

Additional ticker metrics that do not fit the primary research groupings yet.

Metric	Value
Adjusted FCF	$33.7B
Average Volume	14,405,082.15x
Bv Per Share	7.1
CAPEX	$-40.4B
Ch10y	1,658.6
Ch15y	2,894
Ch1m	19.22
Ch1w	3.52
Ch1y	135.9
Ch20y	3,722.5
Ch3m	18.01
Ch3y	384.5
Ch5y	252.4
Ch6m	43.69
Change	-0.6%
Change From Open	-1.26
Close	414.2
Days Gap	0.68
Depreciation Amortization	21,321,418,528.6
Dollar Volume	7,647,030,925.8
Earnings Date	2026-04-16
Earnings Time	bmo
EBIT	$68.4B
EBITDA	$89.3B
EPS	$2.3
F Score	8
FCF	$33.7B
FCF EV Yield	1.85x
FCF Per Share	$1.3
Financing CF	-14,871,438,178
Fiscal Year End	December
Founded	1,987
Graham Number	108.40011
Graham Upside	-73.67
Income Tax	$12.2B
Investing CF	-37,869,148,906
Is Primary Listing	0
Is Spac	No
Last Earnings Date	2026-04-16
Last Report Date	2026-03-31
Last Split Date	2009-07-15
Last Split Type	Forward
Last10k Filing Date	2026-04-16
Lynch Fair Value	$324
Lynch Upside	-21.29
Ma150	329.7
Ma150ch	24.87%
Ma20	389.6
Ma20ch	5.67%
Net CF	20,038,567,557
Next Earnings Date	2026-07-16
Open	417
Optionable	Yes
P FCF Ratio	56.21
P OCF Ratio	25.81
Payment Date	2026-04-09
Position In Range	67
Post Close	411.7
Postmarket Change Percent	-0.17
Postmarket Price	$411
Ppne	135,038,678,952.5
Pre Close	414.2
Price Date	2026-05-08
Price EBITDA	$21.22
Ptbv Ratio	10.29
Relative Volume	1.29x
Revenue	128,327,180,707x
SBC By Revenue	0.03x
Share Based Comp	38,964,978
Tax By Revenue	9.54x
Tax Rate	17.03%
Tr20y	6,320.91%
Tr6m	44.31%
Views	495
Volume	18,575,182
Z Score	10.17

Fast facts

Decision checkpoints

A compact product layer over the same report payload.

Risk gate

Named kill scenarios are reviewed before any bullish rating can stand.

Moat score

9/10

Business quality stays separate from stock attractiveness.

Forward P/E

21.3x

Valuation uses the full report model stack, not a single multiple.

Next action

Strong Buy

Final action steps are kept in the recommendation tab.

Our take

Income

TSM dividend yield, growth & safety

Yield, payout sustainability, and the multi-year growth streak.

Dividend yield

+0.6%

$2.64 annual per share

Payout ratio

+114.5%

Share of earnings returned as dividends. Below 60% is generally sustainable.

5Y dividend CAGR

+13.8%

3 consecutive years of growth

Total shareholder yield

+0.6%

Next ex-dividend date: 2026-03-17

Performance

TSM stock returns vs the market

Total return (incl. dividends) compared to S&P 500.

Ownership

Who owns TSM?

Insider, institutional, and short-interest positioning.

Institutional ownership

+47.6%

Float: +91.2% of shares outstanding

Insider ownership

+0.4%

Stake held by company insiders. Higher generally signals alignment.

Negative means the company is buying back shares.

Technical

TSM momentum and risk profile

RSI, moving-average stack, beta, and risk-adjusted return.

RSI (14)

64.0

Neutral momentum band

Price vs 200-day MA

+32.9%

50/200-day relationship not available

Beta (5Y)

1.26

More volatile than the market

Sharpe ratio

2.53

Risk-adjusted return — higher is better; >1.0 is solid.

Peers

TSM vs. sector cohort

Currency-neutral comparison: P/E, P/S, ROIC, 5Y revenue CAGR, and 1Y total return. Market-cap column appears only when every peer reports in the same currency.

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
FTNT	Fortinet Inc.	83.6B	44.2x	11.8x	60.0%	+21.1%	+6.9%	Verkaufen
LITE	Lumentum Holdings Inc.	64.8B	171.8x	26.0x	8.3%	+7.7%	+1264.4%	Reduzieren
META	Meta Platforms Inc.	1.5T	22.2x	7.2x	29.8%	+17.9%	+2.5%	Starker Kauf

Questions

About TSM

Hub-level FAQ points readers to the deeper analysis pages.

What is the current TSM stock rating?

Taiwan Semiconductor Manufacturing Company Limited is currently shown with Strong Buy in the latest report. The hub links directly to the full analysis surface where the rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full TSM analysis?

The full report lives at /stocks/TSM/analysis. The bare ticker page is a product hub that summarizes the latest read and sends readers into the relocated analysis tabs without making the analysis surface depend on the hub.

What fair-value range is used for TSM?

The latest report frames TSM around $376 to $734. Treat that range as the entry point, then check the valuation, sensitivity, and bear-case tabs before making an investment decision.

How often is the TSM page updated?

The hub updates with the latest published stock report and live backend market data. The analysis pages remain reachable under /analysis, so a hub rollback does not remove the report reader.