Valuation Taiwan Semiconductor Co., Ltd.

Equities

End-of-day quote Taipei Exchange Other stock markets 06/09/2024			5-day change	1st Jan Change
61.80 ^TWD	+2.49%		-5.94%	-32.46%

08-27	US to award HP $50 million for semiconductor tech project	RE
08-13	Taiwan Semiconductor Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Capitalization ¹	12,403	12,669	14,571	19,641	18,452	22,755
Change	-	2.15%	15.01%	34.8%	-6.05%	23.32%
Enterprise Value (EV) ¹	12,353	14,259	15,317	19,191	17,360	22,204
Change	-	15.43%	7.42%	25.29%	-9.54%	27.9%
P/E ratio	15.2x	24.5x	28.6x	22.3x	11.9x	31.8x
PBR	2.1x	2.26x	2.5x	2.8x	2.29x	2.94x
PEG	-	-0.7x	-69.58x	0.4x	0.2x	-0.6x
Capitalization / Revenue	1.29x	1.21x	1.4x	1.49x	1.18x	1.56x
EV / Revenue	1.29x	1.36x	1.47x	1.46x	1.11x	1.52x
EV / EBITDA	5.8x	7.58x	7.74x	7.36x	4.89x	8.7x
EV / EBIT	7.23x	11x	12.1x	10.1x	6.22x	12.6x
EV / FCF	118x	153x	13.1x	18.6x	16.8x	14.5x
FCF Yield	0.85%	0.65%	7.61%	5.37%	5.94%	6.92%
Dividend per Share ²	3	1.5	1.5	2.5	4	2
Rate of return	5.87%	2.8%	2.41%	3.18%	5.39%	2.19%
EPS ²	3.361	2.183	2.174	3.522	6.23	2.88
Distribution rate	89.3%	68.7%	69%	71%	64.2%	69.4%
Net sales ¹	9,610	10,504	10,390	13,177	15,687	14,616
EBITDA ¹	2,131	1,881	1,980	2,608	3,548	2,551
EBIT ¹	1,709	1,298	1,262	1,909	2,791	1,769
Net income ¹	812.3	527.6	537.2	882.8	1,563	718.6
Net Debt ¹	-49.73	1,589	746.1	-450.4	-1,093	-550.9
Reference price ²	51.10	53.60	62.20	78.60	74.20	91.50
Nbr of stocks (in thousands)	242,713	236,364	234,254	249,885	248,685	248,685
Announcement Date	28/03/19	30/03/20	31/03/21	31/03/22	30/03/23	29/03/24

¹TWD in Million²TWD

Estimates

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio	EV / Sales	EV / EBITDA	Yield (Y)	Capi. ($)
MEDIATEK INC.	18.28x	3.27x	14.02x	+5.23%	57.05B
SKYWORKS SOLUTIONS, INC.	22.97x	3.71x	10.92x	+2.80%	15.78B
AVARY HOLDING(SHENZHEN)CO., LIMITED	21.53x	1.88x	10.6x	+1.84%	10.93B
NOVATEK MICROELECTRONICS CORP.	15.12x	2.48x	10.76x	+5.86%	10.02B
UNIVERSAL DISPLAY CORPORATION	38.5x	12.24x	27.62x	+0.87%	8.76B
WUS PRINTED CIRCUIT (KUNSHAN) CO., LTD.	23.6x	5.01x	17.16x	+1.97%	8.29B
CIRRUS LOGIC, INC.	25.71x	-	-	-	7.07B
GLOBALWAFERS CO., LTD.	15.65x	3.73x	9.19x	+3.79%	6.8B
UNIMICRON TECHNOLOGY CORP.	23.33x	1.59x	7.45x	+2.01%	6.8B
Average	22.74x	4.24x	13.47x	+3.05%	14.61B
Weighted average by Cap.	21.08x	3.82x	13.61x	+3.89%