Professional
Added to YB: 2025-05-30
Pitch date: 2025-05-27
TSM [neutral]
Taiwan Semiconductor Manufacturing Company Limited
+52.16%
current return
Author Info
No bio for this author
Company Info
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally.
Market Cap
TWD 38.1T
Pitch Price
TWD 972.69
Price Target
N/A
Dividend
1.16%
EV/EBITDA
14.61
P/E
24.25
EV/Sales
10.03
Sector
Semiconductors and Semiconductor Equipment
Category
growth
RGA Investment Advisors Portfolio Holding: Taiwan Semiconductor Manufacturing Company Limited
TSM (holding update): AI winner with cyclical upside. Despite chip industry recession, TSM resilient due to pricing power & advanced manufacturing edge. Non-AI markets near cyclical lows = upside potential. 2024 revenue +30%, 2025E +27%. <20x forward PE of $9.33 (PEG <1) prices in Taiwan geopolitical risk, mitigated by US expansion. No real competition at advanced nodes.
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