Analysis of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM): Selected Notes

The closing price of Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) was $89.29 for the day, up 1.77% from the previous closing price of $87.74. In other words, the price has increased by $+1.55 from its previous closing price. On the day, 11095478 shares were traded. TSM stock price reached its highest trading level at $89.62 during the session, while it also had its lowest trading level at $87.71.

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Our analysis of TSM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 57.27. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 and its Current Ratio is at 2.20. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.29.

Upgrades & Downgrades

Valuation Measures:

As of this moment, Taiwan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.05, and their Forward P/E ratio for the next fiscal year is 12.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.14 while its Price-to-Book (P/B) ratio in mrq is 4.85.

Stock Price History:

Over the past 52 weeks, TSM has reached a high of $109.75, while it has fallen to a 52-week low of $59.43. The 50-Day Moving Average of the stock is 89.04, while the 200-Day Moving Average is calculated to be 81.79.

Shares Statistics:

TSM traded an average of 13.51M shares per day over the past three months and 10.15M shares per day over the past ten days. A total of 5.19B shares are outstanding, with a floating share count of 4.86B. Shares short for TSM as of Jan 12, 2023 were 31.29M with a Short Ratio of 22.78M, compared to 21.56M on Dec 14, 2022.

Dividends & Splits

With its trailing 12-month dividend rate of 7.50, TSM has a forward annual dividend rate of 2.27. Against a Trailing Annual Dividend Yield of 8.55%, it implies a Forward Annual Dividend Yield of 1.88%. The stock’s 5-year Average Dividend Yield is 2.62. The current Payout Ratio is 432.60% for TSM, which recently paid a dividend on Jul 12, 2023 with an ex-dividend date of Mar 15, 2023. Stock splits for the company last occurred on Jul 14, 2009 when the company split stock in a 1005:1000 ratio.

Earnings Estimates

The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $1.22 for the current quarter, with a high estimate of $1.26 and a low estimate of $1.18, while EPS last year was $1.39. The consensus estimate for the next quarter is $1.11, with high estimates of $1.16 and low estimates of $1.01.

Analysts are recommending an EPS of between $6.45 and $4.95 for the fiscal current year, implying an average EPS of $5.56. EPS for the following year is $7, with 4 analysts recommending between $7.68 and $6.25.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $17.4B to a low estimate of $16.86B. As of the current estimate, Taiwan Semiconductor Manufacturing Company Limited’s year-ago sales were $17.57B, an estimated decrease of -2.80% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $16.48B, a decrease of -9.20% less than the figure of -$2.80% in the same quarter last year. There is a high estimate of $16.85B for the next quarter, whereas the lowest estimate is $15.62B.

A total of 8 analysts have provided revenue estimates for TSM’s current fiscal year. The highest revenue estimate was $78.29B, while the lowest revenue estimate was $73.68B, resulting in an average revenue estimate of $76.69B. In the same quarter a year ago, actual revenue was $75.88B, up 1.10% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $93.15B in the next fiscal year. The high estimate is $103.48B and the low estimate is $85.14B. The average revenue growth estimate for next year is up 21.50% from the average revenue estimate for this year.