Added to YB: 2025-07-01
Pitch date: 2025-06-29
TSM [bullish]
Taiwan Semiconductor Manufacturing Company Limited
+38.69%
current return
Author Info
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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 1.1K
Price Target
686.00 (-54%)
Dividend
1.16%
EV/EBITDA
14.61
P/E
24.25
EV/Sales
10.03
Sector
Semiconductors and Semiconductor Equipment
Category
growth
TSMC: And Then There Was One
TSM: TSMC trades at mid-teens P/E ex-cash with mgmt forecasting 20% rev CAGR through 2029. HPC/AI driving 60% of revenue. Sell-side models steep deceleration in 2026 (27%/17%/18% growth 2025-27), but AI CapEx likely sustainable due to extended GPU useful life (6-7yr vs 2yr) for inference workloads. Intel competition concerns overblown given 18A parametric yield issues. 3x upside potential in 3 years.
Read full article (21 min)