Taiwan Semiconductor Manufacturing - ADR


Market Cap$669.41B

Compare Taiwan Semiconductor Manufacturing - ADR

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Taiwan Semiconductor Manufacturing - ADRTaiwan Semiconductor Manufacturing - ADR24.21.41%27%100.3
marketMarket Avg49.61.28%30%6.11.1
TechnologyTechnology Avg19.80.64%48%10.60.9

Earnings Call Q4 2023

January 18, 2024 - AI Summary

TSMC reported a strong fourth quarter with revenue increasing 14.4% sequentially, driven by the ramp-up of their 3-nanometer technology.
Gross margin decreased due to margin dilution from the 3-nanometer ramp, but operating margin slightly exceeded expectations due to higher revenue.
TSMC provided guidance for the first quarter of 2024, expecting a sequential decline in revenue due to smartphone seasonality, partially offset by continued HPC-related demand.
The company expects its 3-nanometer technology to more than triple in revenue contribution in 2024 and account for mid-teens percentage of total wafer revenue.
TSMC plans to expand its global manufacturing footprint, including building specialty technology fabs in Japan and Germany, as well as progressing with its fab construction in Arizona.
Chairman Mark Liu announced his retirement after the 2024 Annual Shareholders Meeting, with CEO C.C. Wei expected to succeed him as Chairman if elected. Overall, the earnings call highlighted TSMC's strong performance in the fourth quarter, positive outlook for 2024, and strategic initiatives to capture growth opportunities in AI and expand its global presence. The retirement announcement of Chairman Mark Liu was also notable.

Current Fair Value

3.2% downside

Overvalued by 3.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$669.41 Billion
Enterprise Value$651.53 Billion
Dividend Yield$1.8234 (1.41%)
Earnings per Share$5.34
Outstanding Shares5,186,414,200
Avg 30 Day Volume13,991,013


Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio24.19
Price to Sales9.96
Price to Book Ratio6.48
Enterprise Value to Revenue9.51
Enterprise Value to EBIT20.71
Enterprise Value to Net Income23
Total Debt to Enterprise0.05
Debt to Equity0.29

Revenue Sources

No data

ESG Score

No data

About Taiwan Semiconductor Manufacturing