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v0.1
TSM$435.63+4.11%
Fair $435.63+0.0%

TSM

Taiwan Semiconductor Manufacturing Company Limited

Technology / SemiconductorsNYSE

$435.63

+17.18 (+4.11%)

Fairly Valued+0.0%Fair Value $435.63Fund rank 35/100 · Data gapFallback financials|
SA 78/B
F-Score: 8/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $861.2B · quality 75.0/100

Data gap 35/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 73/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

78/100

B

Piotroski

8/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · TSMLocal privado en este navegador · Taiwan Semiconductor Manufacturing Company Limited
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$2.26T

P/E

37.2x

↑

EV/EBITDA

0.2x

↓

ROE

31.7%

↑

Gross Margin

59.9%

↑

Debt/Equity

0.20

↓
52-Week Range$436
$191$449

TradingView lightweight chart

TSM price, volumen y niveles de valoración

Último $435.63Periodo +2325.6%
Fair value: $435.63

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+18.9%

FCF CAGR

+24.0%

FCF margin

26.1%

FCF / Net income

0.58x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $3.81T · net income $1.70T · FCF $992.38B

2022-FY → 2025-FY

Gross margin

59.9%+0.3% pts

Operating margin

50.8%+1.3% pts

Net margin

44.6%+0.7% pts

FCF margin

26.1%+3.0% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$3809.05B$3809.05B$2894.31B$2161.74B$2263.89B
Net Income$1697.60B$1697.60B$1158.38B$851.74B$992.92B
EBITDA$2742.12B$2742.12B$2079.13B$1523.51B$1593.08B
EPS327.35327.35223.35161.70196.00
Gross Margin59.9%59.9%56.1%54.4%59.6%
Operating Margin50.8%50.8%45.7%42.6%49.5%
Net Margin44.6%44.6%40.0%39.4%43.9%
Balance Sheet
Debt/Equity0.200.200.250.280.31
Current Ratio2.492.49———
Cash Flow
Free Cash Flow$992.38B$992.38B$861.20B$286.57B$520.97B
Returns
ROE31.7%31.7%27.3%24.8%34.2%
Valuation
P/E37.1737.170.930.620.40
EV/EBITDA0.200.200.000.00-0.03
P/B0.420.420.250.150.14
Growth & Yield
Revenue Growth31.6%31.6%33.9%-4.5%—
EPS Growth46.6%46.6%38.1%-17.5%—
Dividend Yield0.9%0.9%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-50.9%

fácil

EPS terminal req.

$38.65

Spread vs growth

97.5%

5Y implied EPS CAGR

-32.2%

fácil

EPS terminal req.

$46.77

Spread vs growth

78.8%

10Y implied EPS CAGR

-13.7%

fácil

EPS terminal req.

$75.33

Spread vs growth

60.2%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +126.2%

Total return

+126.2%

Start / end P/E

0.9x → 1.3x

EPS bridge

223.35 → 327.35

Residual

+25.0%

EPS growth+46.6%
Multiple rerating+53.7%
Dividend+0.9%
Residual / FX / buybacks / cross-term+25.0%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.