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Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors. The company also offers customer support and engineering services, as well as manufactures masks. Its products are used in high performance computing, smartphone, Internet of things, automotive, and digital consumer electronics. The company was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Taiwan Semiconductor Manufacturing (TSMC) is the world's largest pure‑play semiconductor foundry that fabricates advanced logic and specialty chips for global device companies; long‑term growth is driven by demand for AI, high‑performance computing, 5G, automotive and IoT and by ongoing capacity expansion and node advancement. Investors may find it attractive because market leadership and scale support sustained investment in cutting‑edge processes and typically command pricing power.
Key risks include geopolitical and supply‑chain concentration related to Taiwan‑China tensions and U.S. export controls, very high capital expenditure needs and semiconductor demand cyclicality.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 1144190.72M | 663126.31M | 584777.18M | 389845.34M | 397543.10M |
| Minority interest | -370.27M | -533.00M | 964.74M | 685.30M | 678.73M |
| Net income | 1016530.25M | 588918.06M | 517885.39M | 345263.67M | 351130.88M |
| Selling general administrative | 53524.90M | 36929.60M | 28457.59M | 21737.21M | 20265.90M |
| Selling and marketing expenses | 9920.45M | 7558.59M | 7112.87M | 6348.63M | 5987.80M |
| Gross profit | 1348354.81M | 819537.27M | 711130.12M | 492701.90M | 497874.25M |
| Reconciled depreciation | 437254.27M | 422395.00M | 331724.69M | 286884.20M | 292546.30M |
| Ebit | 1121278.85M | 649980.90M | 566783.70M | 372701.09M | 383623.52M |
| Ebitda | 1589774.16M | 1090935.40M | 912206.39M | 679932.58M | 695255.90M |
| Depreciation and amortization | 468495.30M | 440954.50M | 345422.69M | 307231.49M | 311632.38M |
| Non operating income net other | - | - | - | 0.00M | 0.00M |
| Operating income | 1121278.85M | 649980.90M | 566783.70M | 372701.09M | 383623.52M |
| Other operating expenses | 1142612.44M | 937100.70M | 772454.73M | 696639.17M | 646309.20M |
| Interest expense | 11749.98M | 5414.22M | 2081.45M | 3250.85M | 3051.10M |
| Tax provision | 127290.20M | 66053.00M | 66619.00M | 44501.53M | 46325.86M |
| Interest income | 22422.21M | 5897.00M | 10530.00M | 16485.49M | 14012.12M |
| Net interest income | 10672.23M | 294.00M | 6936.94M | 12938.50M | 11643.30M |
| Extraordinary items | - | - | - | 0.00M | 0.00M |
| Non recurring | - | - | - | 0.00M | 0.00M |
| Other items | - | - | - | 0.00M | 0.00M |
| Income tax expense | 127290.20M | 66053.18M | 66619.10M | 44501.53M | 34436.90M |
| Total revenue | 2263891.29M | 1587415.04M | 1339238.43M | 1069988.84M | 1031361.77M |
| Total operating expenses | 227075.95M | 169222.93M | 144346.42M | 119352.23M | 112821.62M |
| Cost of revenue | 915536.49M | 767877.77M | 628108.31M | 577286.95M | 533487.52M |
| Total other income expense net | 22911.87M | 13145.42M | 17993.48M | 17144.25M | 13919.58M |
| Discontinued operations | - | - | - | 0.00M | 0.00M |
| Net income from continuing ops | 1016922.03M | 597073.13M | 518158.08M | 354027.00M | 363106.20M |
| Net income applicable to common shares | 1016530.25M | 596540.00M | 517885.39M | 345263.67M | 351130.88M |
| Preferred stock and other adjustments | - | - | - | 0.00M | 0.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 4964778.88M | 3725503.46M | 2760711.40M | 2264805.03M | 2090128.04M |
| Intangible assets | 20207.33M | 21442.53M | 20331.58M | 14959.65M | 11206.65M |
| Other current assets | 12888.78M | 10521.48M | 6590.19M | 5320.80M | 5406.42M |
| Total liab | 2004290.01M | 1554770.25M | 910089.41M | 642709.61M | 412631.64M |
| Total stockholder equity | 2945653.19M | 2168286.55M | 1849657.26M | 1621410.12M | 1676817.67M |
| Deferred long term liab | - | - | - | 0.00M | 0.00M |
| Other current liab | 656533.61M | 5258.22M | 2695.30M | 32784.15M | 175673.35M |
| Common stock | 259303.80M | 259303.80M | 259303.80M | 259303.80M | 259303.80M |
| Capital stock | 259303.80M | 259303.80M | 259303.80M | 259303.80M | 259303.80M |
| Retained earnings | 2637524.69M | 1906829.66M | 1588686.08M | 1333334.98M | 1376647.84M |
| Other liab | 191202.61M | 205196.00M | 16305.01M | 11832.07M | 15189.06M |
| Good will | 5791.82M | 5379.16M | 5436.60M | 5693.38M | 5795.49M |
| Other assets | 4964780.00M | 3725503.46M | 31712.21M | 21756.24M | 20091.10M |
| Cash | 1342814.08M | 1064990.19M | 660170.65M | 455399.34M | 577814.60M |
| Cash and equivalents | 13522.69M | 6182.09M | 6590.10M | 2664.96M | 1989.10M |
| Total current liabilities | 944226.82M | 739503.36M | 617151.05M | 590735.70M | 340542.59M |
| Current deferred revenue | - | 426296.05M | 329104.48M | 259847.49M | - |
| Net debt | -454639.61M | -315924.86M | -294978.28M | -296735.21M | -432159.96M |
| Short term debt | 19313.89M | 114921.33M | 88559.03M | 118522.29M | 88754.64M |
| Short long term debt | 19313.89M | 119488.00M | 88559.03M | 150322.30M | 123654.70M |
| Short long term debt total | 888174.47M | 749065.33M | 365192.37M | 158664.12M | 145654.64M |
| Other stockholder equity | 48824.70M | -368297.91M | 1667.37M | -293050.66M | 40866.02M |
| Property plant equipment | 2735751.11M | 2089046.00M | 1583317.50M | 1369609.81M | 1072050.28M |
| Total current assets | 2052896.74M | 1607072.91M | 1092185.31M | 822613.91M | 951679.72M |
| Long term investments | 68930.00M | 29384.00M | 27728.21M | 30092.00M | 29208.00M |
| Net tangible assets | 2919654.04M | 2168286.00M | 1823889.08M | 1600757.10M | 1659815.53M |
| Short term investments | 243686.04M | 140082.48M | 141981.97M | 139064.39M | 135941.39M |
| Net receivables | 231408.82M | 198362.96M | 146089.05M | 139822.31M | 129262.83M |
| Long term debt | 839096.49M | 610071.00M | 254105.00M | 25100.00M | 56900.00M |
| Inventory | 221149.15M | 193102.32M | 137353.41M | 82981.20M | 103230.98M |
| Accounts payable | 268379.32M | 193027.75M | 196792.24M | 179581.77M | 76114.59M |
| Total permanent equity | - | - | - | 0.00M | 0.00M |
| Noncontrolling interest in consolidated entity | - | - | - | 0.00M | 0.00M |
| Temporary equity redeemable noncontrolling interests | - | - | - | 0.00M | 0.00M |
| Accumulated other comprehensive income | - | 370451.00M | - | 321822.00M | -2300728.80M |
| Additional paid in capital | - | - | - | 0.00M | 0.00M |
| Common stock total equity | - | - | 259303.80M | 259303.80M | 259303.80M |
| Preferred stock total equity | - | - | - | 0.00M | 0.00M |
| Retained earnings total equity | - | - | - | 0.00M | 0.00M |
| Treasury stock | - | - | - | 0.00M | 0.00M |
| Accumulated amortization | - | - | - | 0.00M | 0.00M |
| Non currrent assets other | 12018.11M | 5217.02M | 5754.02M | 3827.89M | 3284.72M |
| Deferred long term asset charges | - | - | - | 0.00M | 0.00M |
| Non current assets total | 2911882.13M | 2118430.55M | 1668526.10M | 1442191.12M | 1138448.32M |
| Capital lease obligations | 29764.10M | 20764.21M | 20560.65M | 15041.80M | 0.00M |
| Long term debt total | 868860.58M | 610071.00M | 254105.00M | 40141.83M | 56900.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -1185196.22M | 4285.00M | -505781.71M | -458801.60M | -314268.90M |
| Change to liabilities | 7594.10M | 8298.32M | 404.61M | 5860.07M | 4540.58M |
| Total cashflows from investing activities | -1190928.24M | -836366.00M | -505781.71M | -458801.65M | -314268.91M |
| Net borrowings | 82008.62M | 397661.00M | 172723.70M | -6026.29M | -34101.93M |
| Total cash from financing activities | -200244.03M | 136608.44M | -88615.09M | -269638.17M | -245124.79M |
| Change to operating activities | 176485.53M | 115741.00M | 36374.99M | 2260.70M | -24643.94M |
| Net income | 1144190.72M | 663126.31M | 584777.18M | 389845.34M | 397510.26M |
| Change in cash | 277823.89M | 404819.55M | 204771.31M | -122415.26M | 24422.90M |
| Begin period cash flow | 1064990.19M | 660170.65M | 455399.34M | 577814.60M | 553391.70M |
| End period cash flow | 1342814.08M | 1064990.20M | 660170.65M | 455399.34M | 577814.60M |
| Total cash from operating activities | 1610599.19M | 1112160.72M | 822666.21M | 615138.74M | 573954.31M |
| Depreciation | 437254.27M | 422394.87M | 331724.69M | 286884.24M | 292546.30M |
| Other cashflows from investing activities | -101301.78M | -1845.00M | 10034.70M | 21447.06M | 17961.84M |
| Dividends paid | 285234.18M | 265786.40M | 259303.80M | 259303.80M | 207443.04M |
| Change to inventory | -28046.83M | -55748.91M | -54372.21M | 20249.78M | -29369.97M |
| Change to account receivables | -32169.90M | 177059.19M | -8082.71M | -18119.55M | -13271.27M |
| Sale purchase of stock | -871.57M | - | - | 0.00M | 0.00M |
| Other cashflows from financing activities | 204816.65M | 406980.17M | 244175.99M | 27496.23M | 20343.15M |
| Change to netincome | 34306.07M | -22515.00M | 1392.79M | -27831.25M | -8058.10M |
| Capital expenditures | 1089626.46M | 849436.46M | 521474.53M | 469752.02M | 322682.19M |
| Change receivables | - | - | - | 0.00M | 0.00M |
| Cash flows other operating | - | - | - | 0.00M | 0.00M |
| Exchange rate changes | - | - | - | 0.00M | 0.00M |
| Cash and cash equivalents changes | - | - | - | 0.00M | 0.00M |
| Change in working capital | 122508.60M | 132466.42M | -28336.65M | 10822.08M | -61664.78M |
| Stock based compensation | 302.35M | 7.79M | 6.61M | 2.82M | - |
| Other non cash items | -93656.75M | -708.77M | -6939.77M | -12940.60M | -54437.47M |
| Free cash flow | 520972.73M | 262724.26M | 301191.69M | 145386.73M | 251272.12M |
Sector: Technology Industry: Semiconductors
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing |
-9.05 2.24% |
395.75 | 19.45 | 15.92 | 0.24 | 4.85 | 0.22 | 0.30 |
| NVDA NVIDIA Corporation |
-6.45 3.12% |
200.24 | 26.82 | 23.26 | 16.91 | 22.25 | 16.73 | 21.68 |
| AVGO Broadcom Inc |
-6.65 2.00% |
325.48 | 78.55 | 35.84 | 27.93 | 23.69 | 28.47 | 52.08 |
| SKHY SK Hynix Inc. American Depositary Shares |
-7.72 5.12% |
143.07 | 10.38 | 4.93 | 0.01 | 6.38 | 6.01 | 5.12 |
| AMD Advanced Micro Devices Inc |
6.81 1.41% |
490.71 | 108.58 | 40.98 | 13.39 | 7.12 | 12.75 | 60.70 |
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors. The company also offers customer support and engineering services, as well as manufactures masks. Its products are used in high performance computing, smartphone, Internet of things, automotive, and digital consumer electronics. The company was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.
| Name | Title | Year Born |
|---|---|---|
| Dr. C. C. Wei | Vice Chairman & CEO | NA |
| Mr. Jen-Chau Huang | VP & CFO | NA |
| Mr. Y. P. Chin | Sr. VP of Operations | NA |
| Dr. Horng-Dar Lin | VP of Corp. Information Technology & Chief Information Officer | NA |
| Jeff Su | Director of Investor Relations | NA |
| Ms. Sylvia Fang | VP of Legal, Gen. Counsel, Corp. Governance Officer & Sec. | NA |
| Ms. Elizabeth Sun | Sr. Director of Corp. Communication Division | NA |
| Ms. Li Mei He Ho | Sr. VP of HR | NA |
| Dr. Wei-Jen Lo | Sr. VP of R&D | NA |
| Mr. Richard B. Cassidy II | Sr. VP of Corp. Strategy Office and CEO & Pres of TSMC AZ | NA |
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