Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with about 70% market share in 2025. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public in Taiwan in 1994 and as an ADR in the US in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious base of customers, including Apple, AMD, and Nvidia, that look to apply its cutting-edge process technologies to their semiconductor designs. TSMC employs more than 83,000 people.
Employees83,825HQNo. 8, Li-Hsin Road 6, Hsinchu Science Park, Hsinchu, TWN, 300-096
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Financials (EUR)
Profitability
Metric
Current
Margins
Gross Margin
59.9%
Operating Margin
50.8%
EBITDA Margin
72.0%
Net Margin
45.1%
OCF Margin
—
FCF Margin
25.9%
Returns on Capital
ROE
36.0%
ROA
23.8%
ROIC
40.6%
ROCE
35.0%
ROC (Greenblatt)
58.9%
3Y ROIIC
47.8%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
28.53
Forward P/E
24.05
P/E ex-NRI
28.60
Shiller P/E (CAPE)
60.71
Cash Flow Multiples
P/FCF
49.38
P/OCF
21.54
P/Owner Earnings
33.28
FCF Yield
2.02%
Enterprise Value Multiples
EV / EBIT
22.88
EV / Forward EBIT
18.08
EV / EBITDA
17.14
EV / Forward EBITDA
14.03
EV / Revenue
12.34
EV / Forward Revenue
9.57
Asset / Sales
P/S
12.87
P/B
9.04
P/Tangible Book
9.09
Growth-Adjusted
PEG
1.22
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
0.92%
Forward Dividend Yield
1.03%
3Y Dividend Growth
20.0%
Payout Ratio
0.29
5Y Yield on Cost
1.71%
Buybacks & Dilution
3Y Buyback Ratio
0.00%
5Y Share Change
0.0%
Combined
Shareholder Yield
0.58%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.20
Gross Debt / EBITDA
0.39
Cash / Debt
2.94
Equity / Assets
0.68
Coverage
Interest Coverage
156.51
Short-Term Liquidity
Current Ratio
2.62
Quick Ratio
2.42
Cash Ratio
2.15
Composite Scores
Piotroski F-Score
8
Altman Z-Score
14.49
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
2026-06-11
$0.9503
2026-07-09
2026-03-17
$0.9557
2026-04-09
2025-12-11
$0.7954
2026-01-08
2025-09-16
$0.822
2025-10-09
2025-06-12
$0.7803
2025-07-10
2025-03-18
$0.6777
2025-04-10
2024-12-12
$0.6081
2025-01-09
2024-09-12
$0.6248
2024-10-09
2024-06-13
$0.5399
2024-07-11
2024-03-18
$0.5456
2024-04-11
10 of 38
View allDate
Transcript
Type
2026-07-16
Q2 2026 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call (Chinese, English) Transcript
Earnings Call
2026-04-16
Q1 2026 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call (Chinese, English) Transcript
Earnings Call
2026-01-15
Q4 2025 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call (Chinese, English) Transcript
Earnings Call
2025-10-16
Q3 2025 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call (Chinese, English) Transcript
Earnings Call
2025-07-17
Q2 2025 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call (Chinese, English) Transcript
Earnings Call
2025-04-17
Q1 2025 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call Transcript
Earnings Call
2025-01-16
Q4 2024 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call Transcript
Earnings Call
2024-10-17
Q3 2024 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call (Chinese, English) Transcript
Earnings Call
2024-07-18
Q2 2024 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call (Chinese, English) Transcript
Earnings Call
2024-04-18
Q1 2024 Taiwan Semiconductor Manufacturing Co Ltd Earnings Call (Chinese, English) Transcript
Earnings Call
10 of 30
5-Step DuPont Analysis
ROE %
35.29%
×
×
Net Margin %
45.03%
×
×
Operating Margin %
50.79%
Operating Income
€54.41B
÷
Revenue
€107.14B
×
Tax Burden
0.8405
Net Income
€48.24B
÷
Pretax Income
€57.39B
×
Interest Burden
1.0547
Pretax Income
€57.39B
÷
Operating Income
€54.41B
×
Asset Turnover
0.52
÷
Revenue
€107.14B
÷
Average Total Assets
€206.14B
Begin Total Assets
€196.19B
End Total Assets
€216.09B
×
Equity Multiplier
1.51
÷
Avg Total Assets
€206.14B
÷
Avg Stockholders Equity
€136.68B
Begin Equity
€125.73B
End Equity
€147.62B