Added to YB: 2024-07-25
Pitch date: 2024-07-23
TSM [bullish]
Taiwan Semiconductor Manufacturing Company Limited
+79.72%
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 38.1T
Pitch Price
TWD 162.50
Price Target
238.00 (-19%)
Dividend
1.16%
EV/EBITDA
14.61
P/E
24.25
EV/Sales
10.03
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Brilliant Q2 results and a 12% sell-off – TSMC is still a bargain!
TSM: Q2 beat & raised guidance. Rev +36% YoY, EPS +36.3%. AI driving demand for advanced nodes (67% of rev). 3nm at 15% of rev, expected to double in 2024. Geopolitical risks overblown. $238 PT for 2026 (15% annual return). Strong financials, 1.2% div yield. Buy rating maintained.
Read full article (13 min)