Added to YB: 2024-12-19
Pitch date: 2024-12-18
TSM [bullish]
Taiwan Semiconductor Manufacturing Company Limited
+48.74%
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 196.34
Price Target
280.00 (-4%)
Dividend
1.16%
EV/EBITDA
14.61
P/E
24.25
EV/Sales
10.03
Sector
Semiconductors and Semiconductor Equipment
Category
growth
TSMC: An undefeatable AI foundry
TSM: Leading foundry w/ 36% Q3 rev growth to $23.5B, driven by AI & smartphones. 57.8% GM, 47.5% OM. 15-20% rev CAGR 2021-26. AI processors mid-teens of 2024 biz. $30B+ 2024 capex, higher in 2025. 3 US fabs by 2030. $280 3-yr PT, 22x 2027 P/E. Strong AI demand, healthy outlook for 2025+.
Read full article (8 min)