Added to YB: 2024-06-14
Pitch date: 2024-06-14
TSM [bullish]
Taiwan Semiconductor Manufacturing Company Limited
+66.83%
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 175.05
Price Target
239.00 (-18%)
Dividend
1.16%
EV/EBITDA
14.61
P/E
24.25
EV/Sales
10.03
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Taiwan Semiconductor Manufacturing: A Leading Player in AI Chips
$TSM: Widest moat in chip manufacturing, 60%+ market share (90%+ in cutting-edge). Sole partner for NVDA GPUs & AAPL chips. 54% gross margin, 42% op margin, raising prices 6%+. 10Y revenue CAGR 13.7%, EPS CAGR 18.2%. ROE 20%+. AI chip market to 10x in 10yrs. $239 2030 PT (14% EPS CAGR), 1.5x bull case. Risks: Competition, China.
Read full article (2 min)