TSM

Taiwan Semiconductor Manufacturing - ADR

TMT, Hardware


Presented:06/13/2024
Price:$172.91
Cap:$896.88B
Current Price:$187.13
Cap:$970.44B

Presented

Date06/13/2024
Price$172.91
Market Cap$896.88B
Ent Value$677.95B
P/E Ratio32.92x
Book Value$21.90
Div Yield1.43%
Shares O/S5,187.00M
Ave Daily Vol14,077,884
Short IntN/A

Current

Price$187.13
Market Cap$970.44B
Taiwan Semiconductor Manufacturing Co., Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products, information applications, wired and wireless communications systems products, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras. The company was founded by Chung Mou Chang on February 21, 1987 and is headquartered in Hsinchu, Taiwan.

Publicly traded companies mentioned herein: Apple Inc (AAPL), Amazon.com Inc (AMZN), Advanced Micro Devices Inc (AMD), Intel Corp (INTC), Microsoft Corp (MSFT), Nvidia Corp (NVDA), Taiwan Semiconductor Manufacturing Co Ltd (TSM)

Highlights

The presenter is long shares of Taiwan Semiconductor Manufacturing Co Ltd (TSM), viewing the company as the best-in-class chip manufacturer and a prime beneficiary of AI chip demand, with incremental tailwinds from the pricing lever that it has yet to pull. He models mid-20% revenue growth over the next two to three years with mid- to high-50% gross margins, which translates to high-20%+ EPS growth. Applying a low-20x multiple on $12.50 of 2027 EPS creates a $250 price target (mid-teen% IRR).

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Idea Discussion

Commentor 1 - 2 weeks ago

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