Added to YB: 2026-08-12
Pitch date: 2026-08-09
TSM [neutral]
Taiwan Semiconductor Manufacturing Company Limited
+0.41%
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 61.5T
Pitch Price
TWD 420.34
Price Target
436.00 (+3%)
Dividend
0.93%
EV/EBITDA
18.54
P/E
27.72
EV/Sales
13.28
Sector
Semiconductors and Semiconductor Equipment
Category
growth
$TSM valuation model
TSM (overview): DCF pegs intrinsic value at $436, ~fair value. Rev CAGR ~22% (2020-25) to $122.4B; mgmt guides ~25% CAGR '24-29 on N3/N2 & AI accelerators, fading to high-single/low-double digits by mid-2030s. Wide moat. Assumes 10.5% WACC, 68% Y10 EBITDA margin, 10.3x exit, 2.6% perpetuity.
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