Professional
Added to YB: 2024-09-25
Pitch date: 2024-06-30
TSM [bullish]
Taiwan Semiconductor Manufacturing Company Limited
+67.77%
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 38.4T
Pitch Price
TWD 171.50
Price Target
N/A
Dividend
1.15%
EV/EBITDA
14.71
P/E
24.41
EV/Sales
10.10
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Munro Global Growth Fund Portfolio Holding: Taiwan Semiconductor Manufacturing Company Limited
TSM: World's largest semiconductor foundry (60%+ market share). AI server revenue expected to grow 50% CAGR, 20%+ of total by 2028. AI proliferation driving higher semiconductor content in devices. Attractive at 25x forward P/E, potential $60 EPS by 2026. Added in Dec 2023 on cyclical trough, expecting 2024+ rebound.
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