Taiwan Semiconductor Manufacturing - ADR
TSM
Market Cap$1.1T
Close$
Earnings Call Q4 2024
January 16, 2025 - AI Summary
Revenue Growth and Outlook: TSMC reported a 30% increase in revenue year-over-year (YoY) to $90 billion in 2024, driven by strong demand for 3nm and 5nm process technologies. For 2025, TSMC forecasts revenue to increase by close to the mid-20s percent in US dollars, bolstered by robust AI-related demand and a healthy recovery in other markets.
Gross Margin Expectations: Gross margin for Q4 2024 stood at 59%, with a forecast for Q1 2025 to decrease to between 57% and 59%. Long-term, TSMC aims for a gross margin of 53% and higher, but risks including ramp-up costs for new fabs overseas may weigh down profitability.
Investment in CapEx: TSMC plans a substantial capital expenditure budget of $38 billion to $42 billion for 2025 to support growth in advanced technologies. Approximately 70% of this budget will focus on advanced process technologies, reflecting the company’s commitment to technology leadership.
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$105.00
53.2% downsideTaiwan Semiconductor Manufacturing Target Price Details
Target Price by Analysts
53.2% downsideTaiwan Semiconductor Manufacturing Target Price Details$12.3194.5% downside
Current Fair Value
94.5% downsideOvervalued by 94.5% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $1.10 Trillion |
|---|---|
| Enterprise Value | $2.03 Trillion |
| Dividend Yield | $2.33943 (1.33922857142857%) |
| Earnings per Share | $32.85 |
| Beta | 1.23 |
| Outstanding Shares | 25,928,000,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 27.64 |
|---|---|
| PEG | 51.05 |
| Price to Sales | 2.2 |
| Price to Book Ratio | 1.45 |
| Enterprise Value to Revenue | 0.77 |
| Enterprise Value to EBIT | 1.76 |
| Enterprise Value to Net Income | 1 |
| Total Debt to Enterprise | 0.46 |
| Debt to Equity | 0.23 |
Revenue Sources
No data
Insider Trades
ESG Score
No data