Added to YB: 2025-01-24
Pitch date: 2025-01-22
TSM [bullish]
Taiwan Semiconductor Manufacturing Company Limited
+34.08%
current return
Author Info
Northwest Frontier Capital is a generalist analyst with established track record of in Small and Mid-Cap and TMT investing across both the buy and sell-side. Philosophy based on identifying high quality companies with strong fundamentals, skilled management teams and clear competitive advantages, that can invest at high incremental ROIC on a persistent basis. Then looking to purchase these companies at intrinsic value and hold for the long-term. 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 38.1T
Pitch Price
TWD 217.81
Price Target
N/A
Dividend
1.16%
EV/EBITDA
14.61
P/E
24.25
EV/Sales
10.03
Sector
Semiconductors and Semiconductor Equipment
Category
growth
TSMC: The 💪 AI play
TSM: Q4 rev +39% YoY, EPS +57%. AI driving 20% 5yr CAGR, 40% annual growth to 2029. AI rev ~13% of total, doubling by 2025. Advanced packaging growing 70% YoY. Margins up despite headwinds. $38-42B CAPEX maintains dominance. FCF resilient even in downturn. Trading at ~20x 2025 earnings with 30% annual growth.
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