Detectors, Sensors and MemsSensorsConsumer ElectronicsElectronicsManufacturingProduct DesignSemiconductor
Description
Taiwan Semiconductor Manufacturing Company Limited manufactures semiconductors using the company’s manufacturing processes for the company’s customers based on proprietary integrated circuit designs provided by them.
The company offers a comprehensi…
Analysis
Middle-of-the-road
Taiwan Semiconductor Manufacturing Company Limited sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.
On valuation, the picture is expensive. The owner-earnings multiple stands at 45.3×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 17% a year, against analyst forecasts of 25%. The price, in other words, assumes less than the experts do.
Growth is moderate; the safety picture is sturdy. The company scores 20/20 on our value-creation score: strong value creator.
Flags to be aware of: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 20235
90
2023202420252026
All-time high
90
Jun 2026
All-time low
5
Jan 2023
Average rank
64
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
15
10
16
5
Price/Earnings
62
54
63
17
Price/Book
21
17
25
16
Dividend Yield
69
34
51
37
Value (overall)
44
7
27
7
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.