TSMC

Valuation Analysis

About the Company

TSMC en bref

TSMC (TSM) is currently trading at 350,49 € with a market capitalization of 1,82 Bn €. The trailing P/E ratio stands at 35.59x, with a forward P/E of 18.71x. The 52-week range spans from 193,95 € to 415,29 €; the current price is 15.6% below the yearly high. Year-over-year revenue growth stands at +36.0%. The net profit margin stands at 49.92%.

💰 Dividende

TSMC pays an annual dividend of 3,29 € per share, representing a yield of 0.94%. The payout ratio stands at 27.93%.

📊 Avis des analystes

18 analystes évaluent TSMC (TSM) au consensus : Achat Fort. L'objectif de cours moyen est de 468,35 €, soit un potentiel de +33.63% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 372,81 € à 606,90 €.

TSMC : la thèse d'investissement en détail

TSMC (TSM) operates in the Technology — specifically Semiconductors — and is headquartered in Taiwan. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

Top-line momentum is unusually strong with revenue expanding 36% year-over-year, a pace that puts the company well above the market average and signals genuine demand traction rather than mere cyclical tailwind. With a gross margin near 64.23%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns. Return on equity of 39.97% places management among the most capital-efficient operators in the public market — every euro of shareholder capital is working hard.

Le scénario baissier

Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.

Valorisation en contexte

With a PEG ratio of 0.98, the price-to-earnings multiple is actually below the company's growth rate — classic value-meets-growth territory that Peter Lynch would have called a 'GARP' opportunity. The EV/EBITDA multiple of 4.5x is below the historical equity-market average — strategic acquirers would find the cash-flow profile attractive at this level.

Signal Smart Money

On the institutional side, TSMC appears in the disclosed holdings of Druckenmiller. Smart-money managers track positioning, fundamentals and competitive dynamics with research budgets few retail investors can match — when several converge on the same name, it is rarely random. That doesn't mean blind copying makes sense, but it does raise the bar for the bear case.

À surveiller

• The forward P/E of 18.71x is meaningfully below the trailing 35.59x — analysts expect earnings to step up; the next earnings release is the test.
• The analyst consensus price target implies 33.63% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Thèse d'investissement : forces et faiblesses

Aperçu technique

Price shows short-term weakness (below 50d MA) but is still in a longer-term uptrend (above 200d MA).

Profil de risque

The data points to market-like volatility.

Trading Data

💵 Dividend Info

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