Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Taiwan Semiconductor Manufacturing Co. Ltd. ADR is a leading semiconductor foundry business that manufactures integrated circuits and wafer-based chips for customers across the technology supply chain. The company supports a broad range of current applications, including high-performance computing, smartphones, automotive systems, industrial equipment, and consumer electronics. Its advanced manufacturing services are central to the global production of logic and other semiconductor devices, making it a critical partner for chip designers that do not operate their own fabrication facilities. Taiwan Semiconductor Manufacturing Co. Ltd. ADR serves a diverse international customer base and operates at the core of the semiconductor manufacturing market, where precision, scale, and process technology are essential to meeting demand across computing, communications, and connected-device industries.
TWD 430.57
TWD 4.42 (-1.02%)
Live · 04:24 PM · Twelve Data
Margins and capital returns are both well above average: 50.83% operating margin, ROIC at 26.82%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 26.8% YoY with margins expanding 5.2pp.
At 37x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
36.8x earnings, 67.7x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
TWD 4.10T
▲ +26.8% YoY
Net Income (TTM)
TWD 1.91T
▲ +41.1% YoY
Op. Margin
53.31%
▲ +5.2pp YoY
ROIC
26.82%
▲ +4.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
TWD 1.05T
▲ +11.0% YoY
Op. Cash Flow (TTM)
TWD 2.71T
▲ +31.9% YoY
Net Debt
-TWD 2.06T
Net Cash Position
Cash & Equiv.
TWD 3.13T
3Y CAGR: +18.9%
3Y CAGR: +24.0%
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At a P/E of 36.8 and a price-to-free-cash-flow of 67.7, Taiwan Semiconductor Manufacturing Co. Ltd. ADR (TSM) trades below a two-stage DCF intrinsic value of about TWD 10,590.34 per share, so at TWD 430.57 the stock looks undervalued (2,359.6% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Taiwan Semiconductor Manufacturing Co. Ltd. ADR scores 78/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about TWD 10,590.34 per share for TSM, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around TWD 7,942.75. At today's TWD 430.57, that puts the stock about 2,359.6% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Taiwan Semiconductor Manufacturing Co. Ltd. ADR scores 78 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 53.3% operating margin and a 26.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Taiwan Semiconductor Manufacturing Co. Ltd. ADR pays a regular dividend of about TWD 95.01 per share per year (typically in quarterly installments), a yield of roughly 0.7% at the current price. That is a payout ratio of about 25.8% of earnings, so the dividend is amply covered by earnings. Taiwan Semiconductor Manufacturing Co. Ltd. ADR has grown the dividend at roughly 15.1% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For TSM's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. TSM currently trades below its estimated intrinsic value and scores 78/100 on quality (solid). It also yields about 0.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.