TSMC (TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY)

Valuation TSMC (Taiwan Semiconductor Manufacturing Company)

Equities

2330

TW0002330008

Semiconductors

End-of-day quote Taiwan S.E. Other stock markets 13/05/2026			5-day change	1st Jan Change
2,220.00 ^TWD	-1.55%		-1.33%	+43.23%

12/05	Applied Materials Poised for Slight Quarterly Beat, Strong Outlook, RBC Says	MT
12/05	Hedge funds record decade-high weekly buying in Korea, Japan, Taiwan equities, Morgan Stanley says	RE

Company Valuation: TSMC (Taiwan Semiconductor Manufacturing Company)

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	1,59,47,184	1,16,29,776	1,53,77,718	2,78,77,688	4,01,95,412	5,75,70,204	-	-
Change	-	-27.07%	32.23%	81.29%	44.18%	43.23%	-	-
Enterprise Value (EV) ¹	1,56,11,753	1,09,21,940	1,46,13,266	2,64,42,131	3,81,19,972	5,47,78,717	5,35,66,821	5,18,19,282
Change	-	-30.04%	33.8%	80.95%	44.16%	43.7%	-2.21%	-3.26%
P/E ratio	26.7x	11.4x	18.3x	23.8x	23.4x	22.7x	18.4x	14.8x
PBR	7.35x	3.95x	4.45x	6.5x	7.42x	7.73x	5.76x	4.36x
PEG	-	0.2x	-1x	0.6x	0.5x	0.5x	0.8x	0.6x
Capitalization / Revenue	10x	5.14x	7.11x	9.63x	10.6x	11.2x	8.86x	7.24x
EV / Revenue	9.83x	4.82x	6.76x	9.14x	10x	10.6x	8.24x	6.52x
EV / EBITDA	14.6x	7.01x	10.1x	13.3x	14.5x	14.6x	11.4x	8.96x
EV / EBIT	24x	9.74x	15.9x	20x	19.7x	18.5x	14.6x	11.6x
EV / FCF	57.2x	20.7x	50x	30.4x	38x	38x	27.5x	20.2x
FCF Yield	1.75%	4.83%	2%	3.29%	2.63%	2.63%	3.64%	4.95%
Dividend per Share ²	11	11	13	16.99	22	24.48	29.85	36.59
Rate of return	1.79%	2.45%	2.19%	1.58%	1.42%	1.1%	1.34%	1.65%
EPS ²	23.01	39.2	32.34	45.25	66.25	97.6	120.5	149.5
Distribution rate	47.8%	28.1%	40.2%	37.5%	33.2%	25.1%	24.8%	24.5%
Net sales ¹	15,87,415	22,63,891	21,61,740	28,94,308	38,09,054	51,58,815	64,98,433	79,47,622
EBITDA ¹	10,72,376	15,58,533	14,53,657	19,84,849	26,24,188	37,58,626	46,91,258	57,83,136
EBIT ¹	6,49,981	11,21,279	9,21,466	13,22,053	19,36,092	29,65,477	36,70,577	44,61,672
Net income ¹	5,96,540	10,16,530	8,38,498	11,73,268	17,17,883	25,46,865	31,55,087	38,04,278
Net Debt ¹	-3,35,431	-7,07,836	-7,64,452	-14,35,557	-20,75,440	-27,91,488	-40,03,383	-57,50,922
Reference price ²	615.00	448.50	593.00	1,075.00	1,550.00	2,220.00	2,220.00	2,220.00
Nbr of stocks (in thousands)	2,59,30,380	2,59,30,380	2,59,32,071	2,59,32,733	2,59,32,524	2,59,32,525	-	-
Announcement Date	13/01/22	12/01/23	18/01/24	16/01/25	15/01/26	-	-	-

¹TWD in Million²TWD

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
TSMC (TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY)	23.1x	10.79x	14.82x	1.09%	1,85200Cr
MEDIATEK INC.	55.67x	8.79x	44.6x	1.44%	19TCr
SUZHOU DONGSHAN PRECISION MANUFACTURING CO., LTD.	57.31x	-	-	0.17%	5.89TCr
ELITE MATERIAL CO., LTD.	55.48x	10.75x	40.79x	0.88%	5.56TCr
VICTORY GIANT TECHNOLOGY (HUIZHOU) CO.,LTD	40.66x	10.84x	29.23x	1.12%	5.35TCr
METAX INTEGRATED CIRCUITS (SHANGHAI) CO., LTD.	-1585.48x	71.91x	2590.17x	-	4.58TCr
UNIMICRON TECHNOLOGY CORP.	61.75x	7.65x	29.66x	0.72%	4.4TCr
SHENNAN CIRCUITS CO., LTD.	44.55x	7.4x	30.05x	1.01%	3.31TCr
WUS PRINTED CIRCUIT (KUNSHAN) CO., LTD.	32.93x	7.34x	26.02x	0.65%	3.08TCr
AVARY HOLDING(SHENZHEN)CO., LIMITED	36.59x	4.02x	20.99x	1.22%	2.7TCr
Average	-117.74x	15.50x	314.04x	0.92%	23.87TCr
Weighted average by Cap.	-1.90x	11.60x	69.49x	1.07%