Stock AnalizTaiwan Semiconductor Manufacturing Co. Ltd. TSM
Semiconductors · IPO 1997 · data as of November 13, 2026
Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) is a technology company listed in the US with a market value of about $2.07T. In the twelve months to September 30, 2026 it had revenue of $150.3B and net income of $76.8B, a net margin of 51.1%.
Its overall Stock Analiz score is 3.8 out of 5 (good). The strongest part is future growth (5/5); the weakest is value (3/5).
Key numbers: a P/E of 26.9, a price to free cash flow of 46.1, 5-year revenue growth of 20% a year, a 5-year average ROIC of 27%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 73% above the current price.
Score: 3.8 / 5
Checks passed
- P/E below the industry median
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
Checks not passed
- P/E below 25
- P/FCF below 20
- ROE above 15%
- Interest covered more than 5 times
- Share count down over 3 years (buybacks)
- Stock-based pay below 5% of revenue
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $150.3B | $115.7B | $88.3B | $70.6B | $73.7B | $57.2B | $47.7B | $35.8B | $33.7B | $33.0B | $29.2B |
| Net income | $76.8B | $51.6B | $35.3B | $27.8B | $32.3B | $21.4B | $18.2B | $11.8B | $11.9B | $11.6B | — |
| Free cash flow | $44.9B | $30.2B | $26.5B | $9.5B | $17.2B | $9.8B | $11.2B | $5.2B | $8.4B | $8.6B | — |
| EPS (diluted) | $14.81 | $9.95 | $6.81 | $5.36 | $6.23 | $4.12 | $3.51 | $2.28 | $2.29 | $2.24 | — |
| Net margin | 51.1% | 44.6% | 40.0% | 39.4% | 43.9% | 37.3% | 38.1% | 33.1% | 35.2% | 35.3% | — |
| ROIC | — | — | 25.5% | 23.3% | 33.5% | 25.6% | 25.7% | 19.5% | 20.0% | 21.6% | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
Frequently asked questions
What is Taiwan Semiconductor Manufacturing Co.’s P/E ratio?
About 26.9, based on the last twelve months of diluted earnings per share (forward P/E about 17.1).
Is Taiwan Semiconductor Manufacturing Co. stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 73% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Taiwan Semiconductor Manufacturing Co. pay a dividend?
Yes. The dividend yield is about 0.95%, and it has paid dividends for 10 years in our data.
Is Taiwan Semiconductor Manufacturing Co. a good stock to buy?
We do not give buy or sell advice. Taiwan Semiconductor Manufacturing Co. scores 3.8 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.