After finishing at $142.14 in the prior trading day, Taiwan Semiconductor Manufacturing ADR (NYSE: TSM) closed at $139.62, down -1.77%. In other words, the price has decreased by -$2.52 from its previous closing price. On the day, 14925928 shares were traded.
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Ratios:
Our goal is to gain a better understanding of TSM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 59.18. For the most recent quarter (mrq), Quick Ratio is recorded 2.13 and its Current Ratio is at 2.40. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.27.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on January 19, 2024, Reiterated its Buy rating but revised its target price to $133 from $115 previously.
On January 12, 2024, TD Cowen reiterated its Market Perform rating and also lowered its target price recommendation from $85 to $95.
On October 23, 2023, Barclays started tracking the stock assigning a Overweight rating and target price of $105.Barclays initiated its Overweight rating on October 23, 2023, with a $105 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TSM now has a Market Capitalization of 646.96B and an Enterprise Value of 622.55B. As of this moment, Taiwan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.94, and their Forward P/E ratio for the next fiscal year is 18.51. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.46 while its Price-to-Book (P/B) ratio in mrq is 6.43. Its current Enterprise Value per Revenue stands at 0.29 whereas that against EBITDA is 0.41.
Stock Price History:
Over the past 52 weeks, TSM has reached a high of $158.40, while it has fallen to a 52-week low of $81.21. The 50-Day Moving Average of the stock is 121.96, while the 200-Day Moving Average is calculated to be 102.55.
Shares Statistics:
The stock has traded on average 14.60M shares per day over the past 3-months and 24.36M shares per day over the last 10 days, according to various share statistics. A total of 5.19B shares are outstanding, with a floating share count of 5.19B. Insiders hold about 0.02% of the company’s shares, while institutions hold 17.47% stake in the company. Shares short for TSM as of Feb 29, 2024 were 22.16M with a Short Ratio of 1.52, compared to 20.52M on Jan 31, 2024.
Dividends & Splits
In the trailing 12 months, TSM’s forward annual dividend rate was 13.00, compared to 1.84 this year. Against a Trailing Annual Dividend Yield of 9.15%, it implies a Forward Annual Dividend Yield of 1.47%. The stock’s 5-year Average Dividend Yield is 2.32. The current Payout Ratio is 31.12% for TSM, which recently paid a dividend on Jul 11, 2024 with an ex-dividend date of Mar 18, 2024. Stock splits for the company last occurred on Jul 15, 2009 when the company split stock in a 1005:1000 ratio.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of $1.31 for the current quarter, with a high estimate of $1.35 and a low estimate of $1.27, while EPS last year was $1.31. The consensus estimate for the next quarter is $1.44, with high estimates of $1.51 and low estimates of $1.37.
Analysts are recommending an EPS of between $6.77 and $1.21 for the fiscal current year, implying an average EPS of $5.75. EPS for the following year is $7.03, with 9 analysts recommending between $8.58 and $1.54.
Revenue Estimates
A total of 9 analysts have provided revenue estimates for TSM’s current fiscal year. The highest revenue estimate was $86.13B, while the lowest revenue estimate was $82.6B, resulting in an average revenue estimate of $84.68B. In the same quarter a year ago, actual revenue was $69.4B, up 22.00% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $101.38B in the next fiscal year. The high estimate is $108.07B and the low estimate is $97.32B. The average revenue growth estimate for next year is up 19.70% from the average revenue estimate for this year.
