Added to YB: 2025-11-12
Pitch date: 2025-11-11
2330.TW [bullish]
Taiwan Semiconductor Manufacturing Company Limited
+55.44%
current return
Author Info
Cluseau Research seeks to exploit these two edges by identifying special situations that provide a compelling risk-to-reward that are “off limits” to traditional Institutional Investors. Sign up for the newsletter.
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 58.5T
Pitch Price
TWD 1.5K
Price Target
N/A
Dividend
0.98%
EV/EBITDA
19.62
P/E
30.64
EV/Sales
13.70
Sector
Semiconductors and Semiconductor Equipment
Category
special_situation
Long Taiwan Semiconductor (2330 TW Equity)
2330.TW: Taiwan Semi local shares trade at 20% discount (20x fwd P/E, 1.30% yield) vs ADR (24x P/E, 0.98% yield) due to one-way convertibility structure. 21% of shares are ADRs; no new conversions approved in years. ADR premium hit record 30%, now 24%. Long local shares for same exposure at better valuation; higher yield covers 0.15% custody fee + 0.3% FTT on sale.
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