Taiwan Semiconductor Manufacturing (TSM) Stock Price & Analysis
TSM$438.52+1.65 +0.38%
$2.27T
Market Cap
24.27
P/E
0.80
Forward P/E
74
Score
Taiwan Semiconductor Manufacturing (TSM) Stock Price & Analysis
TSM price $438.52 +1.65 +0.38%
- Ticker
- TSM
- Price
- $438.52
- Change
- +1.65 +0.38%
- Market cap ?
- $2.27T
- P/E ?
- 24.27
- Forward P/E ?
- 0.80
- Dividend yield ?
- 1.01%
- Sector
- Technology
- Industry
- Semiconductors
- Stocklytics score
- 74
- Value
- 50
- Quality
- 91
- Growth
- 82
Stocklytics score rationale: value 50, quality 91, growth 82.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 947909200000 | 977442600000 | 1031361800000 | 1069985400000 | 1339254800000 | 1587415000000 | 2263891300000 | 2161736000000 | 2894308000000 | 3809054300000 |
Taiwan Semiconductor Manufacturing Company Limited (TSMC), along with its affiliated entities, operates globally in the semiconductor industry, specializing in the manufacturing, packaging, meticulous testing, and worldwide distribution of integrated circuits and other crucial semiconductor components. Its expansive international presence covers key markets such as Taiwan, China, Europe, the Middle East, Africa…
Fair value
TSM fair value $11,922.52. Price $438.52. Price is 96% below fair value.
Below fair value, around its usual discount.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 1.51T. Growth 20.00%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 11.88% (beta 1.4). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 5.19B. Net debt -1.70T. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Model uncertainty high for this stock
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2027-01-21 | — | 5.16 | — | 52.75B |
| 2026-10-15 | 4.60 | 4.45 | 46.06B | 45.67B |
| 2026-07-16 | 4.22 | 3.81 | 40.20B | 39.83B |
| 2026-04-15 | 3.49 | 3.31 | 35.98B | 35.35B |
| 2026-01-15 | 3.09 | 2.90 | 33.14B | 33.01B |
| 2025-10-16 | 2.92 | 2.63 | 32.36B | 32.07B |
| 2025-07-17 | 2.50 | 2.38 | 31.75B | 30.21B |
| 2025-05-15 | 2.14 | 2.07 | 25.80B | 25.46B |
| 2025-01-16 | 2.19 | 2.20 | 26.38B | 26.24B |
| 2024-11-14 | 1.95 | 1.79 | 23.60B | 23.31B |
| 2024-08-14 | 1.47 | 1.41 | 20.66B | 20.33B |
| 2024-04-18 | 1.34 | 1.30 | 18.32B | 18.32B |
| 2024-01-18 | 1.46 | 1.38 | 19.80B | 19.68B |
| 2023-11-14 | 1.26 | 1.16 | 16.89B | 16.96B |
| 2023-07-13 | 1.13 | 1.07 | 15.47B | 15.44B |
| 2023-04-13 | 1.40 | 1.21 | 16.70B | 16.99B |
| 2023-01-12 | 1.82 | 1.80 | 20.54B | 20.57B |
| 2022-11-14 | 1.79 | 1.69 | 19.22B | 19.44B |
| 2022-07-14 | 1.55 | 1.50 | 17.87B | 17.68B |
| 2022-04-14 | 1.40 | 1.31 | 16.94B | 16.73B |
| 2022-02-25 | 1.15 | 1.14 | 15.82B | 15.66B |
| 2021-11-12 | 1.08 | 1.05 | 14.79B | 15.12B |
| 2021-07-15 | 0.93 | 0.89 | 13.33B | 13.44B |
| 2021-04-15 | 0.96 | 0.91 | 12.74B | 12.52B |
| 2021-01-14 | 0.97 | 0.92 | 12.86B | 12.64B |
| 2020-10-15 | 0.90 | 0.92 | 12.34B | 10.60B |
| 2020-07-16 | 0.78 | 0.73 | 10.55B | 10.41B |
| 2020-04-16 | 0.75 | 0.73 | 10.29B | 10.06B |
| 2020-01-16 | 0.73 | 0.72 | 10.37B | 10.60B |
| 2019-10-17 | 0.62 | 0.63 | 9.46B | 9.80B |
| 2019-07-25 | 0.41 | 0.42 | 7.77B | 7.76B |
| 2019-05-20 | 0.38 | 0.08 | 7.09B | 7.63B |
| 2019-01-17 | 0.12 | 0.12 | 9.39B | 6.90B |
| 2018-10-18 | 0.56 | 0.56 | 8.52B | 8.42B |
| 2018-07-19 | 0.47 | 0.45 | 7.63B | 7.61B |
| 2018-04-19 | 0.59 | 0.60 | 8.51B | 8.56B |
| 2018-01-18 | 0.64 | 0.63 | 9.20B | 8.90B |
| 2017-10-19 | 0.57 | 0.56 | 8.31B | 8.33B |
| 2017-08-14 | 0.42 | 0.42 | 7.03B | 6.88B |
| 2017-04-13 | 0.54 | 0.53 | 7.71B | 7.69B |
Dividends
Yield 0.86%. Payout ratio 22.39%. Frequency Quarterly.
Safety score 91/100 · Safe. Payout ratio is 22% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 23 separate years. Yield is 0.9%, which is modest.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-12-10 | $1.09 | 2026-12-10 | 2027-01-07 | Quarterly |
| 2026-09-16 | $1.10 | 2026-09-16 | 2026-10-08 | Quarterly |
| 2026-06-11 | $0.94 | 2026-06-11 | 2026-07-09 | Quarterly |
| 2026-03-17 | $0.94 | 2026-03-17 | 2026-04-09 | Quarterly |
| 2025-12-11 | $0.80 | 2025-12-11 | 2026-01-08 | Quarterly |
| 2025-09-16 | $0.82 | 2025-09-16 | 2025-10-09 | Quarterly |
| 2025-06-12 | $0.62 | 2025-06-12 | 2025-07-10 | Quarterly |
| 2025-03-18 | $0.54 | 2025-03-18 | 2025-04-10 | Quarterly |
| 2024-12-12 | $0.48 | 2024-12-12 | 2025-01-09 | Quarterly |
| 2024-09-12 | $0.49 | 2024-09-12 | 2024-10-09 | Quarterly |
| 2024-06-13 | $0.43 | 2024-06-13 | 2024-07-11 | Quarterly |
| 2024-03-18 | $0.44 | 2024-03-19 | 2024-04-11 | Quarterly |
| 2023-12-14 | $0.38 | 2023-12-15 | 2024-01-11 | Quarterly |
| 2023-09-14 | $0.37 | 2023-09-15 | 2023-10-12 | Quarterly |
| 2023-06-15 | $0.35 | 2023-06-16 | 2023-07-13 | Quarterly |
| 2023-03-16 | $0.36 | 2023-03-17 | 2023-04-13 | Quarterly |
| 2022-12-15 | $0.35 | 2022-12-16 | 2023-01-12 | Quarterly |
| 2022-09-15 | $0.34 | 2022-09-16 | 2022-10-13 | Quarterly |
| 2022-06-16 | $0.36 | 2022-06-17 | 2022-07-14 | Quarterly |
| 2022-03-16 | $0.38 | 2022-03-17 | 2022-04-14 | Quarterly |
| 2021-12-16 | $0.39 | 2021-12-17 | 2022-01-13 | Quarterly |
| 2021-09-16 | $0.39 | 2021-09-17 | 2021-10-14 | Quarterly |
| 2021-06-17 | $0.35 | 2021-06-18 | 2021-07-15 | Quarterly |
| 2021-03-17 | $0.35 | 2021-03-18 | 2021-04-15 | Quarterly |
| 2020-12-17 | $0.35 | 2020-12-18 | 2021-01-14 | Quarterly |
| 2020-09-17 | $0.34 | 2020-09-18 | 2020-10-15 | Quarterly |
| 2020-06-18 | $0.33 | 2020-06-19 | 2020-07-16 | Quarterly |
| 2020-03-19 | $0.33 | 2020-03-20 | 2020-04-16 | Quarterly |
| 2019-12-19 | $0.33 | 2019-12-20 | 2020-01-16 | Quarterly |
| 2019-09-19 | $0.26 | 2019-09-20 | 2019-10-17 | Quarterly |
| 2019-06-24 | $1.02 | 2019-06-25 | 2019-07-18 | Annual |
| 2018-06-25 | $1.04 | 2018-06-26 | 2018-07-19 | Annual |
| 2017-06-26 | $0.92 | 2017-06-28 | 2017-07-20 | Annual |
| 2016-06-27 | $0.94 | 2016-06-29 | 2016-07-21 | Annual |
| 2015-06-29 | $0.72 | 2015-07-01 | 2015-07-23 | Annual |
| 2014-07-14 | $0.50 | 2014-07-16 | 2014-08-06 | Annual |
| 2013-07-03 | $0.50 | 2013-07-08 | 2013-07-29 | Annual |
| 2012-07-05 | $0.50 | 2012-07-09 | 2012-07-30 | Annual |
| 2011-06-29 | $0.52 | 2011-07-01 | 2011-07-25 | Annual |
| 2010-07-06 | $0.47 | 2010-07-08 | 2010-07-27 | Annual |
| 2009-07-15 | $0.46 | 2009-07-17 | 2009-08-14 | Annual |
| 2008-07-16 | $0.49 | 2008-07-18 | 2008-08-15 | Annual |
| 2007-06-08 | $0.46 | 2007-06-12 | 2007-07-10 | Annual |
| 2006-06-20 | $0.38 | 2006-06-22 | 2006-07-19 | Annual |
| 2005-06-13 | $0.31 | 2005-06-15 | 2005-07-12 | Annual |
| 2004-06-14 | $0.09 | 2004-06-16 | 2004-07-15 | Annual |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-07 | Yuan Lipen | Buy | 40 | $79.39 | 3.18K |
| 2026-10-07 | Yeap Choh Fei | Buy | 52 | $79.39 | 4.13K |
| 2026-10-07 | Zhang Kevin Xiaoqiang | Buy | 59 | $79.39 | 4.68K |
| 2026-10-07 | Yoo Chue-San | Buy | 50 | $79.39 | 3.97K |
| 2026-10-07 | Wu Shien-Yang | Buy | 53 | $79.39 | 4.21K |
| 2026-10-07 | Wei Che-Chia | Buy | 144 | $79.39 | 11.43K |
| 2026-10-07 | Wu Yi-Huang | Buy | 39 | $79.39 | 3.10K |
| 2026-10-07 | Wang Ying-Lang | Buy | 52 | $79.39 | 4.13K |
| 2026-10-07 | Mii Yuh-Jier | Buy | 68 | $79.39 | 5.40K |
| 2026-10-07 | Tien Bor-Zen | Buy | 40 | $79.39 | 3.18K |
| 2026-10-07 | Tien Bor-Zen | Buy | 7 | $79.39 | 556 |
| 2026-10-07 | Lu Chin-Sheng | Buy | 36 | $79.39 | 2.86K |
| 2026-10-07 | Lu Lee-Chung | Buy | 49 | $79.39 | 3.89K |
| 2026-10-07 | Lin Shyue-Shyh | Buy | 44 | $79.39 | 3.49K |
| 2026-10-07 | Lin Chris Horng-Dar | Buy | 44 | $79.39 | 3.49K |
| 2026-10-07 | Lee Chun-Hsien | Buy | 51 | $79.39 | 4.05K |
| 2026-10-07 | Ku Yao-Ching | Buy | 46 | $79.39 | 3.65K |
| 2026-10-07 | Hwang Yuan-Ko | Buy | 39 | $79.39 | 3.10K |
| 2026-10-07 | Huang Jen-Chau | Buy | 28 | $79.39 | 2.22K |
| 2026-10-07 | Jang Syun-Ming | Buy | 46 | $79.39 | 3.65K |
| 2026-10-07 | Hou Yung-Chin | Buy | 60 | $79.39 | 4.76K |
| 2026-10-07 | Hsu Kuo-Chin | Buy | 52 | $79.39 | 4.13K |
| 2026-10-07 | He Jun | Buy | 43 | $79.39 | 3.41K |
| 2026-10-07 | Chuang Tzu-Sou | Buy | 46 | $79.39 | 3.65K |
| 2026-10-07 | Cao Min | Buy | 51 | $79.39 | 4.05K |
| 2026-10-07 | Chin Yung-Pei | Buy | 67 | $79.39 | 5.32K |
| 2026-10-07 | Chang Tzonz-Sheng | Buy | 51 | $79.39 | 4.05K |
| 2026-10-07 | Fang Shu-Hua | Buy | 53 | $79.39 | 4.21K |
| 2026-10-07 | Chuang Juiping | Buy | 46 | $79.39 | 3.65K |
| 2026-10-07 | Chen Pei-Hung | Buy | 43 | $79.39 | 3.41K |
| 2026-10-07 | Chen Chih-Ho | Buy | 31 | $79.39 | 2.46K |
| 2026-09-07 | Wu Yi-Huang | Buy | 40 | $76.20 | 3.05K |
| 2026-09-07 | Yoo Chue-San | Buy | 53 | $76.20 | 4.04K |
| 2026-09-07 | Yeap Choh Fei | Buy | 54 | $76.20 | 4.11K |
| 2026-09-07 | Zhang Kevin Xiaoqiang | Buy | 61 | $76.20 | 4.65K |
| 2026-09-07 | Yuan Lipen | Buy | 41 | $76.20 | 3.12K |
| 2026-09-07 | Mii Yuh-Jier | Buy | 71 | $76.20 | 5.41K |
| 2026-09-07 | Wu Shien-Yang | Buy | 57 | $76.20 | 4.34K |
| 2026-09-07 | Wei Che-Chia | Buy | 149 | $76.20 | 11.35K |
| 2026-09-07 | Tien Bor-Zen | Buy | 43 | $76.20 | 3.28K |
| 2026-09-07 | Tien Bor-Zen | Buy | 5 | $76.20 | 381 |
| 2026-09-07 | Wang Ying-Lang | Buy | 54 | $76.20 | 4.11K |
| 2026-09-07 | Lu Chin-Sheng | Buy | 38 | $76.20 | 2.90K |
| 2026-09-07 | Lin Chris Horng-Dar | Buy | 47 | $76.20 | 3.58K |
| 2026-09-07 | Lin Shyue-Shyh | Buy | 44 | $76.20 | 3.35K |
| 2026-09-07 | Lee Chun-Hsien | Buy | 52 | $76.20 | 3.96K |
| 2026-09-07 | Lu Lee-Chung | Buy | 51 | $76.20 | 3.89K |
| 2026-09-07 | Jang Syun-Ming | Buy | 49 | $76.20 | 3.73K |
| 2026-09-07 | Hwang Yuan-Ko | Buy | 40 | $76.20 | 3.05K |
| 2026-09-07 | Hsu Kuo-Chin | Buy | 55 | $76.20 | 4.19K |
| 2026-09-07 | Huang Jen-Chau | Buy | 30 | $76.20 | 2.29K |
| 2026-09-07 | Ku Yao-Ching | Buy | 47 | $76.20 | 3.58K |
| 2026-09-07 | Hou Yung-Chin | Buy | 61 | $76.20 | 4.65K |
| 2026-09-07 | Chuang Juiping | Buy | 50 | $76.20 | 3.81K |
| 2026-09-07 | Fang Shu-Hua | Buy | 56 | $76.20 | 4.27K |
| 2026-09-07 | He Jun | Buy | 46 | $76.20 | 3.51K |
| 2026-09-07 | Chuang Tzu-Sou | Buy | 47 | $76.20 | 3.58K |
| 2026-09-07 | Chen Chih-Ho | Buy | 32 | $76.20 | 2.44K |
| 2026-09-07 | Cao Min | Buy | 56 | $76.20 | 4.27K |
| 2026-09-07 | Chin Yung-Pei | Buy | 71 | $76.20 | 5.41K |
| 2026-09-07 | Chen Pei-Hung | Buy | 46 | $76.20 | 3.51K |
| 2026-09-07 | Chang Tzonz-Sheng | Buy | 53 | $76.20 | 4.04K |
| 2026-09-01 | Yeap Choh Fei | Buy | 12.88K | — | — |
| 2026-09-01 | Yoo Chue-San | Buy | 8.18K | — | — |
| 2026-09-01 | Wu Shien-Yang | Buy | 12.88K | — | — |
| 2026-09-01 | Zhang Kevin Xiaoqiang | Buy | 20.31K | — | — |
| 2026-09-01 | Wei Che-Chia | Buy | 204.38K | — | — |
| 2026-09-01 | Mii Yuh-Jier | Buy | 32.20K | — | — |
| 2026-09-01 | Wang Ying-Lang | Buy | 12.88K | — | — |
| 2026-09-01 | Lu Lee-Chung | Buy | 8.18K | — | — |
| 2026-09-01 | Lin Chris Horng-Dar | Buy | 8.18K | — | — |
| 2026-09-01 | Lee Chun-Hsien | Buy | 12.88K | — | — |
| 2026-09-01 | Hsu Kuo-Chin | Buy | 8.18K | — | — |
| 2026-09-01 | Huang Jen-Chau | Buy | 20.31K | — | — |
| 2026-09-01 | Jang Syun-Ming | Buy | 8.18K | — | — |
| 2026-09-01 | He Jun | Buy | 8.18K | — | — |
| 2026-09-01 | Hou Yung-Chin | Buy | 20.31K | — | — |
| 2026-09-01 | Chuang Tzu-Sou | Buy | 8.18K | — | — |
| 2026-09-01 | Chin Yung-Pei | Buy | 32.20K | — | — |
| 2026-09-01 | Chang Tzonz-Sheng | Buy | 12.88K | — | — |
| 2026-09-01 | Fang Shu-Hua | Buy | 20.31K | — | — |
| 2026-09-01 | Cao Min | Buy | 12.88K | — | — |
| 2026-09-01 | Chuang Juiping | Buy | 8.18K | — | — |
| 2026-08-19 | Yuan Lipen | Buy | 1.00K | $73.77 | 73.77K |
| 2026-08-18 | Yuan Lipen | Buy | 1.00K | $74.50 | 74.50K |
| 2026-08-18 | Yuan Lipen | Buy | 350 | $73.58 | 25.75K |
| 2026-08-07 | Yeap Choh Fei | Buy | 57 | $73.31 | 4.18K |
| 2026-08-07 | Zhang Kevin Xiaoqiang | Buy | 63 | $73.31 | 4.62K |
| 2026-08-07 | Yuan Lipen | Buy | 42 | $73.31 | 3.08K |
| 2026-08-07 | Wu Yi-Huang | Buy | 41 | $73.31 | 3.01K |
| 2026-08-07 | Yoo Chue-San | Buy | 51 | $73.31 | 3.74K |
| 2026-08-07 | Mii Yuh-Jier | Buy | 72 | $73.31 | 5.28K |
| 2026-08-07 | Wang Ying-Lang | Buy | 55 | $73.31 | 4.03K |
| 2026-08-07 | Wei Che-Chia | Buy | 152 | $73.31 | 11.14K |
| 2026-08-07 | Wu Shien-Yang | Buy | 57 | $73.31 | 4.18K |
| 2026-08-07 | Tien Bor-Zen | Buy | 42 | $73.31 | 3.08K |
| 2026-08-07 | Tien Bor-Zen | Buy | 7 | $73.31 | 513 |
| 2026-08-07 | Lin Chris Horng-Dar | Buy | 49 | $73.31 | 3.59K |
| 2026-08-07 | Lu Lee-Chung | Buy | 52 | $73.31 | 3.81K |
| 2026-08-07 | Lin Shyue-Shyh | Buy | 47 | $73.31 | 3.45K |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 3.77K, holders +319 vs prior quarter. Ownership 14.77%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| FMR LLC | 58.94M | -1.46M | -2.41% | 28.15B |
| CAPITAL WORLD INVESTORS | 34.37M | 1.49M | +4.52% | 16.41B |
| SANDERS CAPITAL, LLC | 26.15M | -1.91M | -6.81% | 12.49B |
| JPMORGAN CHASE & CO | 23.83M | -155.36K | -0.65% | 10.84B |
| BLACKROCK, INC. | 20.11M | 1.89M | +10.36% | 9.61B |
| FISHER ASSET MANAGEMENT, LLC | 18.87M | 248.51K | +1.33% | 9.01B |
| GOLDMAN SACHS GROUP INC | 18.46M | 15.19M | +464.68% | 8.81B |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 17.25M | 13.36M | +343.41% | 8.24B |
| VAN ECK ASSOCIATES CORP | 17.21M | -2.05M | -10.65% | 8.22B |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 16.84M | 12.95M | +332.98% | 8.04B |
| GOLDMAN SACHS GROUP INC | 16.13M | 12.86M | +393.34% | 7.70B |
| MORGAN STANLEY | 15.85M | 1.08M | +7.31% | 7.57B |
| BANK OF AMERICA CORP /DE/ | 15.28M | 1.17M | +8.33% | 7.30B |
| GOLDMAN SACHS GROUP INC | 15.22M | 11.95M | +365.56% | 7.27B |
| JANE STREET GROUP, LLC | 14.10M | 9.73M | +223.20% | 6.73B |
| CAPITAL INTERNATIONAL INVESTORS | 11.68M | 370.22K | +3.27% | 5.54B |
| PRICE T ROWE ASSOCIATES INC /MD/ | 11.32M | 3.16M | +38.73% | 5.41B |
| JENNISON ASSOCIATES LLC | 10.69M | -1.33M | -11.10% | 5.10B |
| CAPITAL RESEARCH GLOBAL INVESTORS | 10.47M | 484.53K | +4.85% | 5.00B |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 9.51M | -167.65K | -1.73% | 4.73B |
| CITADEL ADVISORS LLC | 9.74M | 6.56M | +206.50% | 4.65B |
| UBS GROUP AG | 9.57M | 7.81M | +442.88% | 4.57B |
| COATUE MANAGEMENT LLC | 8.91M | -368.55K | -3.97% | 4.26B |
| WCM INVESTMENT MANAGEMENT, LLC | 9.26M | -66.08K | -0.71% | 4.21B |
| JUPITER TOPCO LLC | 8.01M | 8.01M | New | 3.82B |
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