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Taiwan Semiconductor Manufacturing Company Limited TSM

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Price alert · TSM

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404.80 USD +6.17 (+1.55%)

At closeNov 3, 2026, 7:59 PM EST

404.50 -0.30 -0.07%

After hours · Nov 3, 7:59 PM ET

403.03 Day range 408.37
266.82 52-week range 487.47
YTD
+33.21%
1 year
+32.78%

Financial health

Altman Z-Score

16.58 Safe zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

8 / 9 Strong

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B+3 / 5 overall

  • DCF 3
  • Return on Equity 5
  • Return on Assets 5
  • Debt / Equity 3
  • P/E 2
  • P/B 1

Valuation

P/E 28.7×
FY 2016: 14.4×FY 2017: 18.0×FY 2018: 16.3×FY 2019: 26.4×FY 2020: 32.0×FY 2021: 29.2×FY 2022: 11.5×FY 2023: 20.0×FY 2024: 28.1×FY 2025: 28.7×
FY 2016 5y median 28.1× FY 2025
P/S 13.0×
FY 2016: 5.1×FY 2017: 6.2×FY 2018: 5.7×FY 2019: 8.4×FY 2020: 11.8×FY 2021: 10.9×FY 2022: 5.2×FY 2023: 7.7×FY 2024: 11.6×FY 2025: 13.0×
FY 2016 5y median 10.9× FY 2025
P/B 9.2×
FY 2016: 3.5×FY 2017: 4.1×FY 2018: 3.5×FY 2019: 5.6×FY 2020: 8.6×FY 2021: 8.0×FY 2022: 4.1×FY 2023: 4.8×FY 2024: 7.9×FY 2025: 9.2×
FY 2016 5y median 7.9× FY 2025
P/FCF 49.8×
FY 2016: 23.3×FY 2017: 24.5×FY 2018: 23.2×FY 2019: 61.8×FY 2020: 52.5×FY 2021: 65.6×FY 2022: 22.7×FY 2023: 57.7×FY 2024: 38.7×FY 2025: 49.8×
FY 2016 5y median 49.8× FY 2025
EV/EBITDA 17.4×
FY 2016: 7.4×FY 2017: 8.7×FY 2018: 7.8×FY 2019: 12.8×FY 2020: 16.9×FY 2021: 15.5×FY 2022: 7.1×FY 2023: 10.5×FY 2024: 16.4×FY 2025: 17.4×
FY 2016 5y median 15.5× FY 2025
EV/Sales 12.5×
FY 2016: 4.8×FY 2017: 5.9×FY 2018: 5.3×FY 2019: 8.1×FY 2020: 11.6×FY 2021: 10.7×FY 2022: 5.0×FY 2023: 7.4×FY 2024: 11.2×FY 2025: 12.5×
FY 2016 5y median 10.7× FY 2025
FCF Yield 2.0%
FY 2016: 4.3%FY 2017: 4.1%FY 2018: 4.3%FY 2019: 1.6%FY 2020: 1.9%FY 2021: 1.5%FY 2022: 4.4%FY 2023: 1.7%FY 2024: 2.6%FY 2025: 2.0%
FY 2016 5y median 2.0% FY 2025

Profitability

Gross Margin 59.9%
FY 2016: 50.1%FY 2017: 50.6%FY 2018: 48.3%FY 2019: 46.0%FY 2020: 53.1%FY 2021: 51.6%FY 2022: 59.6%FY 2023: 54.4%FY 2024: 56.1%FY 2025: 59.9%
FY 2016 5y median 56.1% FY 2025
Operating Margin 50.8%
FY 2016: 39.9%FY 2017: 39.4%FY 2018: 37.2%FY 2019: 34.8%FY 2020: 42.3%FY 2021: 40.9%FY 2022: 49.5%FY 2023: 42.6%FY 2024: 45.7%FY 2025: 50.8%
FY 2016 5y median 45.7% FY 2025
Net Margin 44.6%
FY 2016: 35.0%FY 2017: 35.3%FY 2018: 35.2%FY 2019: 33.1%FY 2020: 38.1%FY 2021: 37.3%FY 2022: 43.9%FY 2023: 39.4%FY 2024: 40.0%FY 2025: 44.6%
FY 2016 5y median 40.0% FY 2025
ROE 31.7%
FY 2016: 24.4%FY 2017: 23.1%FY 2018: 21.9%FY 2019: 21.9%FY 2020: 27.8%FY 2021: 27.6%FY 2022: 34.2%FY 2023: 24.8%FY 2024: 27.3%FY 2025: 31.7%
FY 2016 5y median 27.6% FY 2025
ROIC 24.6%
FY 2016: 19.9%FY 2017: 19.4%FY 2018: 18.9%FY 2019: 18.6%FY 2020: 22.3%FY 2021: 18.8%FY 2022: 24.4%FY 2023: 17.4%FY 2024: 20.0%FY 2025: 24.6%
FY 2016 5y median 20.0% FY 2025
ROA 21.4%
FY 2016: 17.6%FY 2017: 17.3%FY 2018: 17.4%FY 2019: 15.6%FY 2020: 18.5%FY 2021: 15.9%FY 2022: 20.0%FY 2023: 15.4%FY 2024: 17.3%FY 2025: 21.4%
FY 2016 5y median 17.3% FY 2025

Growth (YoY)

Revenue 31.6%
FY 2016: 12.4%FY 2017: 3.1%FY 2018: 5.5%FY 2019: 3.7%FY 2020: 25.2%FY 2021: 18.5%FY 2022: 42.6%FY 2023: -4.5%FY 2024: 33.9%FY 2025: 31.6%
FY 2016 FY 2025
Operating Income 46.4%
FY 2016: 18.1%FY 2017: 2.0%FY 2018: -0.5%FY 2019: -2.8%FY 2020: 52.1%FY 2021: 14.7%FY 2022: 72.5%FY 2023: -17.8%FY 2024: 43.5%FY 2025: 46.4%
FY 2016 FY 2025
EPS (diluted) 43.5%
FY 2016: 5.6%FY 2017: 1.3%FY 2018: 5.5%FY 2019: -4.9%FY 2020: 45.0%FY 2021: 19.6%FY 2022: 74.3%FY 2023: -19.6%FY 2024: 44.6%FY 2025: 43.5%
FY 2016 FY 2025
Free Cash Flow 14.0%
FY 2016: -22.9%FY 2017: 20.6%FY 2018: 0.7%FY 2019: -42.1%FY 2020: 107.2%FY 2021: -12.8%FY 2022: 98.3%FY 2023: -45.0%FY 2024: 203.7%FY 2025: 14.0%
FY 2016 FY 2025

Financial Health

Current Ratio 2.5×
FY 2016: 2.3×FY 2017: 2.2×FY 2018: 2.7×FY 2019: 1.4×FY 2020: 1.7×FY 2021: 2.1×FY 2022: 2.1×FY 2023: 2.3×FY 2024: 2.4×FY 2025: 2.5×
FY 2016 5y median 2.3× FY 2025
Quick Ratio 2.3×
FY 2016: 2.2×FY 2017: 2.0×FY 2018: 2.4×FY 2019: 1.2×FY 2020: 1.5×FY 2021: 1.9×FY 2022: 1.9×FY 2023: 2.1×FY 2024: 2.1×FY 2025: 2.3×
FY 2016 5y median 2.1× FY 2025
Debt / Equity 0.2×
FY 2016: 0.2×FY 2017: 0.1×FY 2018: 0.1×FY 2019: 0.1×FY 2020: 0.2×FY 2021: 0.4×FY 2022: 0.3×FY 2023: 0.3×FY 2024: 0.2×FY 2025: 0.2×
FY 2016 5y median 0.3× FY 2025
Net Debt / EBITDA -0.6×
FY 2016: -0.5×FY 2017: -0.5×FY 2018: -0.6×FY 2019: -0.4×FY 2020: -0.3×FY 2021: -0.3×FY 2022: -0.3×FY 2023: -0.3×FY 2024: -0.5×FY 2025: -0.6×
FY 2016 5y median -0.3× FY 2025
Interest Coverage 157×
FY 2016: 114×FY 2017: 116×FY 2018: 126×FY 2019: 115×FY 2020: 272×FY 2021: 120×FY 2022: 95.4×FY 2023: 76.8×FY 2024: 126×FY 2025: 157×
FY 2016 5y median 120× FY 2025

Dividends

Dividend Yield 0.9%
FY 2016: 3.2%FY 2017: 3.0%FY 2018: 3.6%FY 2019: 2.9%FY 2020: 1.6%FY 2021: 1.5%FY 2022: 2.4%FY 2023: 1.8%FY 2024: 1.1%FY 2025: 0.9%
FY 2016 5y median 1.5% FY 2025
Payout Ratio 27.5%
FY 2016: 46.9%FY 2017: 52.6%FY 2018: 57.1%FY 2019: 73.3%FY 2020: 50.8%FY 2021: 44.9%FY 2022: 28.7%FY 2023: 34.3%FY 2024: 31.3%FY 2025: 27.5%
FY 2016 5y median 31.3% FY 2025

Annual · latest fiscal year ends 2025-12-31