TSMC (TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY)

Valuation TSMC (Taiwan Semiconductor Manufacturing Company)

Equities

2330

TW0002330008

Semiconductors

End-of-day quote Taiwan S.E. Other stock markets 11/02/2026			5-day change	1st Jan Change
1,915.00 ^TWD	+1.86%		+5.51%	+23.55%

02-16	A new blockbuster year for the Nikkei?
02-16	Another big year for the Nikkei?

Company Valuation: TSMC (Taiwan Semiconductor Manufacturing Company)

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	13,743,101	15,947,184	11,629,776	15,377,718	27,877,688	49,660,783	49,660,783	-
Change	-	16.04%	-27.07%	32.23%	81.29%	78.14%	0%	-
Enterprise Value (EV) ¹	13,428,194	15,611,753	10,921,940	14,613,266	26,442,131	38,119,972	47,098,066	45,932,654
Change	-	16.26%	-30.04%	33.8%	80.95%	44.16%	-1.72%	-2.47%
P/E ratio	26.5x	26.7x	11.4x	18.3x	23.8x	23.4x	21.3x	17.7x
PBR	7.43x	7.35x	3.95x	4.45x	6.5x	7.42x	6.9x	5.28x
PEG	-	1.8x	0.2x	-1x	0.6x	0.5x	0.5x	0.9x
Capitalization / Revenue	10.3x	10x	5.14x	7.11x	9.63x	10.6x	10.1x	8.14x
EV / Revenue	10x	9.83x	4.82x	6.76x	9.14x	10x	9.53x	7.53x
EV / EBITDA	14.9x	14.6x	7.01x	10.1x	13.3x	14.5x	13.5x	10.8x
EV / EBIT	23.7x	24x	9.74x	15.9x	20x	19.7x	17.4x	14.1x
EV / FCF	42.6x	57.2x	20.7x	50x	30.4x	38x	33.8x	24.3x
FCF Yield	2.35%	1.75%	4.83%	2%	3.29%	2.63%	2.96%	4.11%
Dividend per Share ²	10	11	11	13	16.99	20.3	24.31	29.79
Rate of return	1.89%	1.79%	2.45%	2.19%	1.58%	1.06%	1.27%	1.56%
EPS ²	19.98	23.01	39.2	32.34	45.25	66.25	89.83	108.2
Distribution rate	50.1%	47.8%	28.1%	40.2%	37.5%	31.4%	27.1%	27.5%
Net sales ¹	1,339,255	1,587,415	2,263,891	2,161,740	2,894,308	3,809,054	4,941,340	6,101,520
EBITDA ¹	898,509	1,072,376	1,558,533	1,453,657	1,984,849	2,624,188	3,477,892	4,260,700
EBIT ¹	566,784	649,981	1,121,279	921,466	1,322,053	1,936,092	2,708,254	3,257,873
Net income ¹	517,885	596,540	1,016,530	838,498	1,173,268	1,717,883	2,311,520	2,825,660
Net Debt ¹	-314,907	-335,431	-707,836	-764,452	-1,435,557	-2,075,440	-2,562,718	-3,728,129
Reference price ²	530.00	615.00	448.50	593.00	1,075.00	1,915.00	1,915.00	1,915.00
Nbr of stocks (in thousands)	25,930,380	25,930,380	25,930,380	25,932,071	25,932,733	25,932,524	25,932,524	-
Announcement Date	14/01/21	13/01/22	12/01/23	18/01/24	16/01/25	15/01/26	-	-

¹TWD in Million²TWD

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
TSMC (TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY)	29.64x	12.62x	18.37x	1.06%	1,582B
NVIDIA CORPORATION	39.85x	20.47x	32.01x	0.02%	4,442B
BROADCOM INC.	42.14x	16.16x	24.27x	0.81%	1,542B
MICRON TECHNOLOGY, INC.	12.71x	5.89x	8.46x	0.11%	463B
SK HYNIX INC.	15.63x	6.28x	10.09x	0.21%	421B
AMD (ADVANCED MICRO DEVICES)	46.52x	7.04x	30.19x	-.--%	338B
INTEL CORPORATION	-288.1x	4.63x	15.27x	-.--%	234B
TEXAS INSTRUMENTS INCORPORATED	35.27x	10.93x	22.63x	2.53%	205B
ANALOG DEVICES, INC.	46.26x	12.84x	21.52x	1.25%	165B
QUALCOMM, INC.	16.47x	3.52x	9.91x	2.55%	150B
Average	-0.36x	10.04x	19.27x	0.85%	954.22B
Weighted average by Cap.	27.99x	15.67x	25.18x	0.45%