Taiwan Semiconductor Manufacturing Company Limited (TSM) 10-Year Financial Performance & Capital Metrics

TSM • • Industrial / General

TechnologySemiconductorsSemiconductor Foundry & Packaging ServicesFoundry Services

AboutTaiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others. The company also offers customer and engineering support services; manufactures masks; and invests in technology start-up companies; researches, designs, develops, manufactures, packages, tests, and sells color filters; and provides investment services. Its products are used in high performance computing, smartphones, Internet of things, automotive, and digital consumer electronics. The company was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.Show more

Revenue $2894.31B +33.9%
EBITDA $1984.85B +36.5%
Net Income $1158.38B +36.0%
EPS (Diluted) 223.35 +36.0%
Gross Margin 56.12% +3.2%
EBITDA Margin 68.58% +2.0%
Operating Margin 45.68% +7.2%
Net Margin 40.02% +1.6%
ROE 29.96% +12.1%
ROIC 32.28% +26.3%
Debt/Equity 0.24 -11.6%
Interest Coverage 125.96 +64.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 32.0%
✓Strong 5Y profit CAGR of 26.8%
✓Strong Piotroski F-Score: 9/9
✓FCF machine: 30.1% free cash flow margin
✓Momentum leader: RS Rating 85 (top 15%)
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y14.26%

5Y22.02%

3Y22.17%

TTM36.96%

Profit (Net Income) CAGR

10Y16.37%

5Y26.76%

3Y25.05%

TTM51.54%

EPS CAGR

10Y16.37%

5Y26.76%

3Y25.06%

TTM51.49%

ROCE

10Y Avg25.45%

5Y Avg27.14%

3Y Avg26.77%

Latest26.51%

Peer Comparison

Foundry Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TSEMTower Semiconductor Ltd.	13.94B	124.00	67.03	0.94%	12.92%	6.9%	0.09%	0.07
TSMTaiwan Semiconductor Manufacturing Company Limited	1.77T	341.64	1.53	33.89%	43.29%	31.22%	49.11%	0.24
UMCUnited Microelectronics Corporation	22.08B	8.77	0.47	4.39%	17.01%	11.12%	24.13%	0.19
GFSGLOBALFOUNDRIES Inc.	23.08B	41.53	-86.52	-8.69%	-0.65%	-0.37%	4.75%	0.21
SKYTSkyWater Technology, Inc.	1.55B	32.03	-228.79	19.39%	36.36%	63.09%	0.46%	1.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	843.51B	947.91B	977.44B	1.03T	1.07T	1.34T	1.59T	2.26T	2.16T	2.89T
Revenue Growth %	0.11%	0.12%	0.03%	0.06%	0.04%	0.25%	0.19%	0.43%	-0.05%	0.34%
Cost of Goods Sold+	433.12B	473.08B	482.62B	533.49B	577.28B	628.12B	767.88B	915.54B	986.63B	1.27T
COGS % of Revenue	0.51%	0.5%	0.49%	0.52%	0.54%	0.47%	0.48%	0.4%	0.46%	0.44%
Gross Profit+	410.39B	474.83B	494.83B	497.87B	492.7B	711.13B	819.54B	1.35T	1.18T	1.62T
Gross Margin %	0.49%	0.5%	0.51%	0.48%	0.46%	0.53%	0.52%	0.6%	0.54%	0.56%
Gross Profit Growth %	0.09%	0.16%	0.04%	0.01%	-0.01%	0.44%	0.15%	0.65%	-0.13%	0.38%
Operating Expenses+	90.35B	96.87B	109.27B	114.25B	120B	144.35B	169.56B	227.08B	253.65B	302.3B
OpEx % of Revenue	0.11%	0.1%	0.11%	0.11%	0.11%	0.11%	0.11%	0.1%	0.12%	0.1%
Selling, General & Admin	22.92B	25.7B	27.17B	26.25B	28.09B	35.57B	44.49B	63.45B	71.46B	96.89B
SG&A % of Revenue	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
Research & Development	65.54B	71.21B	80.73B	85.9B	91.42B	109.49B	124.73B	163.26B	182.37B	204.18B
R&D % of Revenue	0.08%	0.08%	0.08%	0.08%	0.09%	0.08%	0.08%	0.07%	0.08%	0.07%
Other Operating Expenses	1.88B	-29.8M	1.37B	2.1B	496.3M	-710M	333.4M	368.4M	-189M	1.23B
Operating Income+	320.05B	377.96B	385.56B	383.62B	372.7B	566.78B	649.98B	1.12T	921.47B	1.32T
Operating Margin %	0.38%	0.4%	0.39%	0.37%	0.35%	0.42%	0.41%	0.5%	0.43%	0.46%
Operating Income Growth %	0.08%	0.18%	0.02%	-0.01%	-0.03%	0.52%	0.15%	0.73%	-0.18%	0.43%
EBITDA+	542.55B	601.79B	645.7B	676.17B	659.59B	898.51B	1.07T	1.56T	1.45T	1.98T
EBITDA Margin %	0.64%	0.63%	0.66%	0.66%	0.62%	0.67%	0.68%	0.69%	0.67%	0.69%
EBITDA Growth %	0.09%	0.11%	0.07%	0.05%	-0.02%	0.36%	0.19%	0.45%	-0.07%	0.37%
D&A (Non-Cash Add-back)	222.51B	223.83B	260.14B	292.55B	286.88B	331.72B	422.39B	437.25B	532.19B	662.8B
EBIT	353.67B	389.23B	399.49B	400.59B	393.11B	586.83B	668.45B	1.16T	991.32B	1.32T
Net Interest Income+	939M	3.01B	6.13B	11.64B	12.94B	6.94B	294.6M	10.67B	48.29B	76.72B
Interest Income	4.13B	6.32B	9.46B	14.69B	16.19B	9.02B	5.71B	22.42B	60.29B	87.21B
Interest Expense	3.19B	3.31B	3.33B	3.05B	3.25B	2.08B	5.41B	11.75B	12B	10.5B
Other Income/Expense	30.43B	7.96B	10.6B	13.92B	17.16B	17.96B	13.06B	22.79B	57.7B	83.79B
Pretax Income+	350.48B	385.92B	396.16B	397.54B	389.86B	584.75B	663.04B	1.14T	979.17B	1.41T
Pretax Margin %	0.42%	0.41%	0.41%	0.39%	0.36%	0.44%	0.42%	0.51%	0.45%	0.49%
Income Tax+	47.64B	54.12B	51.12B	34.44B	35.84B	73.74B	70.16B	150.78B	128.29B	248.32B
Effective Tax Rate %	0.86%	0.86%	0.87%	0.91%	0.91%	0.87%	0.89%	0.87%	0.87%	0.82%
Net Income+	302.85B	331.71B	345B	363.05B	353.95B	510.74B	592.36B	992.92B	851.74B	1.16T
Net Margin %	0.36%	0.35%	0.35%	0.35%	0.33%	0.38%	0.37%	0.44%	0.39%	0.4%
Net Income Growth %	0.19%	0.1%	0.04%	0.05%	-0.03%	0.44%	0.16%	0.68%	-0.14%	0.36%
Net Income (Continuing)	302.83B	331.8B	345.04B	363.11B	354.03B	511.01B	592.88B	993.29B	851.03B	1.16T
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	962.4M	795.1M	699.7M	676.3M	681.7M	952.5M	2.42B	14.81B	24.34B	35.01B
EPS (Diluted)+	58.40	63.95	66.50	70.00	68.25	98.50	114.20	191.45	164.25	223.35
EPS Growth %	0.19%	0.1%	0.04%	0.05%	-0.03%	0.44%	0.16%	0.68%	-0.14%	0.36%
EPS (Basic)	58.40	63.95	66.50	70.00	68.25	98.50	114.20	191.45	164.25	223.40
Diluted Shares Outstanding	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B
Basic Shares Outstanding	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B
Dividend Payout Ratio	0.39%	0.47%	0.53%	0.57%	0.73%	0.51%	0.45%	0.29%	0.34%	0.31%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	746.74B	817.73B	857.2B	951.68B	822.61B	1.09T	1.61T	2.05T	2.19T	3.09T
Cash & Short-Term Investments	590.47B	636.2B	656.58B	713.76B	594.3B	799.89B	1.2T	1.59T	1.71T	2.49T
Cash Only	562.69B	541.25B	553.39B	577.81B	455.4B	660.17B	1.06T	1.34T	1.47T	2.13T
Short-Term Investments	27.78B	94.95B	103.19B	135.94B	138.9B	139.72B	139.92B	243.69B	249.38B	357.52B
Accounts Receivable	85.69B	129.45B	122.49B	129.26B	139.82B	146.09B	198.36B	231.41B	202.01B	272.09B
Days Sales Outstanding	37.08	49.85	45.74	45.75	47.7	39.81	45.61	37.31	34.11	34.31
Inventory	67.05B	48.68B	73.88B	103.23B	82.98B	137.35B	193.1B	221.15B	251B	287.87B
Days Inventory Outstanding	56.51	37.56	55.88	70.63	52.47	79.82	91.79	88.17	92.86	82.74
Other Current Assets	3.54B	3.39B	4.26B	5.43B	5.51B	8.85B	10.69B	13.84B	26.22B	43.25B
Total Non-Current Assets+	910.65B	1.07T	1.13T	1.14T	1.44T	1.67T	2.12T	2.91T	3.34T	3.6T
Property, Plant & Equipment	853.47B	997.78B	1.06T	1.07T	1.37T	1.58T	2.01T	2.74T	3.1T	3.28T
Fixed Asset Turnover	0.99x	0.95x	0.92x	0.96x	0.78x	0.85x	0.79x	0.83x	0.70x	0.88x
Goodwill	6.1B	6.01B	5.65B	5.8B	5.69B	5.44B	5.38B	5.79B	5.8B	6.07B
Intangible Assets	7.96B	8.61B	8.53B	11.21B	14.96B	20.33B	21.44B	20.21B	16.97B	20.21B
Long-Term Investments	34.87B	46B	41.44B	29.21B	30.09B	27.62B	29.18B	68.61B	129.27B	148.87B
Other Non-Current Assets	1.86B	1.91B	4.27B	3.28B	3.83B	5.75B	5.22B	12.02B	17.05B	87.21B
Total Assets+	1.66T	1.89T	1.99T	2.09T	2.26T	2.76T	3.73T	4.96T	5.53T	6.69T
Asset Turnover	0.51x	0.50x	0.49x	0.49x	0.47x	0.49x	0.43x	0.46x	0.39x	0.43x
Asset Growth %	0.11%	0.14%	0.06%	0.05%	0.08%	0.22%	0.35%	0.33%	0.11%	0.21%
Total Current Liabilities+	239.77B	348.29B	386.89B	356.84B	598.36B	631.9B	758.35B	986.56B	942.81B	1.31T
Accounts Payable	44.59B	89.22B	84.14B	76.11B	179.58B	196.79B	193.03B	268.38B	227.21B	265.44B
Days Payables Outstanding	37.58	68.83	63.63	52.08	113.54	114.36	91.75	107	84.06	76.29
Short-Term Debt	62.98B	96.06B	122.17B	123.65B	150.32B	91.16B	119.49B	19.31B	9.29B	59.86B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	31.2B	41.13B	37.42B	24.18B	24.63B	35.78B	37.22B	61.87B	78.17B	71.34B
Current Ratio	3.11x	2.35x	2.22x	2.67x	1.37x	1.73x	2.12x	2.08x	2.33x	2.36x
Quick Ratio	2.83x	2.21x	2.02x	2.38x	1.24x	1.51x	1.86x	1.86x	2.06x	2.14x
Cash Conversion Cycle	56.01	18.57	37.98	64.3	-13.38	5.28	45.65	18.48	42.91	40.76
Total Non-Current Liabilities+	222.66B	178.16B	110.4B	72.09B	51.97B	292.94B	815.27B	1.06T	1.14T	1.1T
Long-Term Debt	192B	153.12B	91.8B	56.9B	25.1B	256.07B	613.38B	839.1B	918.28B	958.43B
Capital Lease Obligations	0	0	0	0	15.04B	20.56B	20.76B	29.76B	28.68B	28.76B
Deferred Tax Liabilities	31.3M	141.2M	302.2M	233.3M	344.4M	1.73B	1.87B	1.03B	53.8M	3.99B
Other Non-Current Liabilities	9.06B	10.24B	10.71B	11.6B	11.31B	14.31B	179.25B	190.17B	188.51B	112.66B
Total Liabilities	462.43B	526.45B	497.29B	428.93B	650.34B	924.84B	1.57T	2.05T	2.08T	2.41T
Total Debt+	254.98B	249.17B	213.97B	180.55B	190.46B	367.79B	753.63B	888.17B	956.26B	1.05T
Net Debt	-307.71B	-292.08B	-339.42B	-397.26B	-264.94B	-292.38B	-311.36B	-454.64B	-509.17B	-1.08T
Debt / Equity	0.21x	0.18x	0.14x	0.11x	0.12x	0.20x	0.35x	0.30x	0.28x	0.24x
Debt / EBITDA	0.47x	0.41x	0.33x	0.27x	0.29x	0.41x	0.70x	0.57x	0.66x	0.53x
Net Debt / EBITDA	-0.57x	-0.49x	-0.53x	-0.59x	-0.40x	-0.33x	-0.29x	-0.29x	-0.35x	-0.54x
Interest Coverage	100.32x	114.32x	115.77x	125.73x	114.65x	272.30x	120.05x	95.43x	76.79x	125.96x
Total Equity+	1.19T	1.36T	1.49T	1.66T	1.61T	1.84T	2.15T	2.92T	3.45T	4.28T
Equity Growth %	0.17%	0.14%	0.1%	0.11%	-0.03%	0.14%	0.17%	0.36%	0.18%	0.24%
Book Value per Share	230.42	262.21	288.17	320.30	311.29	353.98	414.90	562.65	666.02	825.24
Total Shareholders' Equity	1.19T	1.36T	1.49T	1.66T	1.61T	1.83T	2.15T	2.9T	3.43T	4.24T
Common Stock	259.3B	259.3B	259.3B	259.3B	259.3B	259.3B	259.3B	259.3B	259.32B	259.33B
Retained Earnings	866.63B	1.04T	1.21T	1.36T	1.33T	1.57T	1.89T	2.59T	3.13T	3.87T
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	321.82B	-54.68B	370.45B	0	-28.02B	40.41B
Minority Interest	962.4M	795.1M	699.7M	676.3M	681.7M	952.5M	2.42B	14.81B	24.34B	35.01B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	529.88B	539.83B	585.32B	573.95B	615.14B	822.67B	1.11T	1.61T	1.24T	1.83T
Operating CF Margin %	0.63%	0.57%	0.6%	0.56%	0.57%	0.61%	0.7%	0.71%	0.57%	0.63%
Operating CF Growth %	0.26%	0.02%	0.08%	-0.02%	0.07%	0.34%	0.35%	0.45%	-0.23%	0.47%
Net Income	350.43B	385.96B	396.13B	397.51B	389.85B	584.78B	663.13B	1.14T	838.5B	1.17T
Depreciation & Amortization	222.51B	223.83B	260.14B	292.55B	286.88B	331.72B	422.39B	437.25B	532.19B	662.8B
Stock-Based Compensation	0	0	0	0	2.82M	6.6M	7.8M	302.4M	544.38M	1.65B
Deferred Taxes	0	0	0	0	-59.48B	-58.57B	-105.13B	0	0	0
Other Non-Cash Items	-66.28B	-54.89B	-80.94B	-54.44B	-12.94B	-6.94B	-708.78M	-93.66B	-72.41B	-24.88B
Working Capital Changes	23.23B	-15.06B	9.98B	-61.66B	10.82B	-28.34B	132.47B	122.51B	-56.85B	13.35B
Change in Receivables	26.63B	-49.34B	1.06B	-13.27B	-18.12B	-8.08B	177.06B	-32.17B	29.4B	-70.08B
Change in Inventory	-655.25M	18.37B	-25.23B	-29.37B	20.25B	-54.37B	-55.75B	-28.05B	-29.85B	-36.87B
Change in Payables	-2.69B	7.3B	2.57B	4.54B	5.86B	404.61M	8.3B	7.59B	770.71M	17.07B
Cash from Investing+	-217.25B	-395.44B	-336.16B	-314.27B	-458.8B	-505.78B	-836.37B	-1.19T	-906.12B	-864.84B
Capital Expenditures	-261.8B	-333.09B	-335.89B	-322.68B	-469.75B	-521.47B	-849.44B	-1.09T	-949.82B	-956.01B
CapEx % of Revenue	0.31%	0.35%	0.34%	0.31%	0.44%	0.39%	0.54%	0.48%	0.44%	0.33%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	8.82B	6.51B	15.98B	10.79B	12.3B	11.32B	8.56B	10.29B	87.72B	149.05B
Cash from Financing+	-116.73B	-157.8B	-215.7B	-245.12B	-269.64B	-88.62B	136.61B	-200.24B	-204.89B	-346.3B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-116.68B	-155.58B	-181.51B	-207.44B	-259.3B	-259.3B	-265.79B	-285.23B	-291.72B	-363.06B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-21.45M	21.26B	3.95B	20.34B	-4.31B	-2.03B	5.21B	3.85B	-6.52B	-9.56B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	268.08B	206.74B	249.43B	251.27B	145.39B	301.19B	262.72B	520.97B	286.57B	870.17B
FCF Margin %	0.32%	0.22%	0.26%	0.24%	0.14%	0.22%	0.17%	0.23%	0.13%	0.3%
FCF Growth %	1.08%	-0.23%	0.21%	0.01%	-0.42%	1.07%	-0.13%	0.98%	-0.45%	2.04%
FCF per Share	51.69	39.86	48.10	48.45	28.03	58.08	50.66	100.46	55.26	167.81
FCF Conversion (FCF/Net Income)	1.75x	1.63x	1.70x	1.58x	1.74x	1.61x	1.88x	1.62x	1.46x	1.58x
Interest Paid	0	0	0	0	0	0	0	0	0	18.75B
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	27.32%	25.97%	24.17%	23.01%	21.61%	29.61%	29.71%	39.17%	26.74%	29.96%
Return on Invested Capital (ROIC)	26.64%	29%	26.02%	23.79%	21.39%	29.39%	28.81%	39.08%	25.56%	32.28%
Gross Margin	48.65%	50.09%	50.62%	48.27%	46.05%	53.1%	51.63%	59.56%	54.36%	56.12%
Net Margin	35.9%	34.99%	35.3%	35.2%	33.08%	38.14%	37.32%	43.86%	39.4%	40.02%
Debt / Equity	0.21x	0.18x	0.14x	0.11x	0.12x	0.20x	0.35x	0.30x	0.28x	0.24x
Interest Coverage	100.32x	114.32x	115.77x	125.73x	114.65x	272.30x	120.05x	95.43x	76.79x	125.96x
FCF Conversion	1.75x	1.63x	1.70x	1.58x	1.74x	1.61x	1.88x	1.62x	1.46x	1.58x
Revenue Growth	10.58%	12.38%	3.12%	5.52%	3.74%	25.17%	18.53%	42.61%	-4.51%	33.89%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Other Products	-	120.18B	142.67B	160.8B	182.11B	272.04B	-	379.85B
Other Products Growth	-	-	18.71%	12.71%	13.26%	49.38%	-	-
Wafer	874.57B	911.3B	927.32B	1.18T	1.41T	1.99T	-	-
Wafer Growth	-	4.20%	1.76%	27.08%	19.25%	41.74%	-	-
Others	102.87B	-	-	-	-	-	-	-
Others Growth	-	-	-	-	-	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	620.95B	632.82B	634.71B	817.91B	1.02T	1.49T	1.41T	1.99T
UNITED STATES Growth	-	1.91%	0.30%	28.86%	24.22%	46.98%	-5.66%	41.41%
CHINA	-	175.79B	208.1B	233.78B	164.55B	245.17B	267.15B	331.67B
CHINA Growth	-	-	18.38%	12.34%	-29.61%	48.99%	8.97%	24.15%
TAIWAN, PROVINCE OF CHINA	90.13B	78.26B	84.26B	129.08B	203.96B	210.47B	149.78B	270.41B
TAIWAN, PROVINCE OF CHINA Growth	-	-13.17%	7.66%	53.20%	58.01%	3.19%	-28.84%	80.54%
JAPAN	-	58.13B	57.47B	63.3B	71.92B	119.1B	132.07B	144.24B
JAPAN Growth	-	-	-1.13%	10.15%	13.62%	65.60%	10.89%	9.21%
Europe Middle East and Africa [member]	-	-	-	-	-	-	-	102.76B
Europe Middle East and Africa [member] Growth	-	-	-	-	-	-	-	-
Other country [member]	-	-	-	-	-	-	-	52.94B
Other country [member] Growth	-	-	-	-	-	-	-	-
Europe Middle East and Africa	68.54B	71.07B	-	-	-	-	-	-
Europe Middle East and Africa Growth	-	3.69%	-	-	-	-	-	-
Other country	3.35B	15.4B	-	-	-	-	-	-
Other country Growth	-	359.27%	-	-	-	-	-	-
Asia	194.48B	-	-	-	-	-	-	-
Asia Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Taiwan Semiconductor Manufacturing Company Limited (TSM) has a price-to-earnings (P/E) ratio of 1.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Taiwan Semiconductor Manufacturing Company Limited (TSM) reported $3.63T in revenue for fiscal year 2024. This represents a 750% increase from $427.01B in 2011.

Taiwan Semiconductor Manufacturing Company Limited (TSM) grew revenue by 33.9% over the past year. This is strong growth.

Yes, Taiwan Semiconductor Manufacturing Company Limited (TSM) is profitable, generating $1.57T in net income for fiscal year 2024 (40.0% net margin).

Dividend & Returns

Yes, Taiwan Semiconductor Manufacturing Company Limited (TSM) pays a dividend with a yield of 20.49%. This makes it attractive for income-focused investors.

Taiwan Semiconductor Manufacturing Company Limited (TSM) has a return on equity (ROE) of 30.0%. This is excellent, indicating efficient use of shareholder capital.

Taiwan Semiconductor Manufacturing Company Limited (TSM) generated $889.87B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Taiwan Semiconductor Manufacturing Company Limited (TSM) 10-Year Financial Performance & Capital Metrics

TSM • • Industrial / General

TechnologySemiconductorsSemiconductor Foundry & Packaging ServicesFoundry Services

Revenue $2894.31B +33.9%
EBITDA $1984.85B +36.5%
Net Income $1158.38B +36.0%
EPS (Diluted) 223.35 +36.0%
Gross Margin 56.12% +3.2%
EBITDA Margin 68.58% +2.0%
Operating Margin 45.68% +7.2%
Net Margin 40.02% +1.6%
ROE 29.96% +12.1%
ROIC 32.28% +26.3%
Debt/Equity 0.24 -11.6%
Interest Coverage 125.96 +64.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 32.0%
✓Strong 5Y profit CAGR of 26.8%
✓Strong Piotroski F-Score: 9/9
✓FCF machine: 30.1% free cash flow margin
✓Momentum leader: RS Rating 85 (top 15%)
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y14.26%

5Y22.02%

3Y22.17%

TTM36.96%

Profit (Net Income) CAGR

10Y16.37%

5Y26.76%

3Y25.05%

TTM51.54%

EPS CAGR

10Y16.37%

5Y26.76%

3Y25.06%

TTM51.49%

ROCE

10Y Avg25.45%

5Y Avg27.14%

3Y Avg26.77%

Latest26.51%

Peer Comparison

Foundry Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TSEMTower Semiconductor Ltd.	13.94B	124.00	67.03	0.94%	12.92%	6.9%	0.09%	0.07
TSMTaiwan Semiconductor Manufacturing Company Limited	1.77T	341.64	1.53	33.89%	43.29%	31.22%	49.11%	0.24
UMCUnited Microelectronics Corporation	22.08B	8.77	0.47	4.39%	17.01%	11.12%	24.13%	0.19
GFSGLOBALFOUNDRIES Inc.	23.08B	41.53	-86.52	-8.69%	-0.65%	-0.37%	4.75%	0.21
SKYTSkyWater Technology, Inc.	1.55B	32.03	-228.79	19.39%	36.36%	63.09%	0.46%	1.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	843.51B	947.91B	977.44B	1.03T	1.07T	1.34T	1.59T	2.26T	2.16T	2.89T
Revenue Growth %	0.11%	0.12%	0.03%	0.06%	0.04%	0.25%	0.19%	0.43%	-0.05%	0.34%
Cost of Goods Sold+	433.12B	473.08B	482.62B	533.49B	577.28B	628.12B	767.88B	915.54B	986.63B	1.27T
COGS % of Revenue	0.51%	0.5%	0.49%	0.52%	0.54%	0.47%	0.48%	0.4%	0.46%	0.44%
Gross Profit+	410.39B	474.83B	494.83B	497.87B	492.7B	711.13B	819.54B	1.35T	1.18T	1.62T
Gross Margin %	0.49%	0.5%	0.51%	0.48%	0.46%	0.53%	0.52%	0.6%	0.54%	0.56%
Gross Profit Growth %	0.09%	0.16%	0.04%	0.01%	-0.01%	0.44%	0.15%	0.65%	-0.13%	0.38%
Operating Expenses+	90.35B	96.87B	109.27B	114.25B	120B	144.35B	169.56B	227.08B	253.65B	302.3B
OpEx % of Revenue	0.11%	0.1%	0.11%	0.11%	0.11%	0.11%	0.11%	0.1%	0.12%	0.1%
Selling, General & Admin	22.92B	25.7B	27.17B	26.25B	28.09B	35.57B	44.49B	63.45B	71.46B	96.89B
SG&A % of Revenue	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
Research & Development	65.54B	71.21B	80.73B	85.9B	91.42B	109.49B	124.73B	163.26B	182.37B	204.18B
R&D % of Revenue	0.08%	0.08%	0.08%	0.08%	0.09%	0.08%	0.08%	0.07%	0.08%	0.07%
Other Operating Expenses	1.88B	-29.8M	1.37B	2.1B	496.3M	-710M	333.4M	368.4M	-189M	1.23B
Operating Income+	320.05B	377.96B	385.56B	383.62B	372.7B	566.78B	649.98B	1.12T	921.47B	1.32T
Operating Margin %	0.38%	0.4%	0.39%	0.37%	0.35%	0.42%	0.41%	0.5%	0.43%	0.46%
Operating Income Growth %	0.08%	0.18%	0.02%	-0.01%	-0.03%	0.52%	0.15%	0.73%	-0.18%	0.43%
EBITDA+	542.55B	601.79B	645.7B	676.17B	659.59B	898.51B	1.07T	1.56T	1.45T	1.98T
EBITDA Margin %	0.64%	0.63%	0.66%	0.66%	0.62%	0.67%	0.68%	0.69%	0.67%	0.69%
EBITDA Growth %	0.09%	0.11%	0.07%	0.05%	-0.02%	0.36%	0.19%	0.45%	-0.07%	0.37%
D&A (Non-Cash Add-back)	222.51B	223.83B	260.14B	292.55B	286.88B	331.72B	422.39B	437.25B	532.19B	662.8B
EBIT	353.67B	389.23B	399.49B	400.59B	393.11B	586.83B	668.45B	1.16T	991.32B	1.32T
Net Interest Income+	939M	3.01B	6.13B	11.64B	12.94B	6.94B	294.6M	10.67B	48.29B	76.72B
Interest Income	4.13B	6.32B	9.46B	14.69B	16.19B	9.02B	5.71B	22.42B	60.29B	87.21B
Interest Expense	3.19B	3.31B	3.33B	3.05B	3.25B	2.08B	5.41B	11.75B	12B	10.5B
Other Income/Expense	30.43B	7.96B	10.6B	13.92B	17.16B	17.96B	13.06B	22.79B	57.7B	83.79B
Pretax Income+	350.48B	385.92B	396.16B	397.54B	389.86B	584.75B	663.04B	1.14T	979.17B	1.41T
Pretax Margin %	0.42%	0.41%	0.41%	0.39%	0.36%	0.44%	0.42%	0.51%	0.45%	0.49%
Income Tax+	47.64B	54.12B	51.12B	34.44B	35.84B	73.74B	70.16B	150.78B	128.29B	248.32B
Effective Tax Rate %	0.86%	0.86%	0.87%	0.91%	0.91%	0.87%	0.89%	0.87%	0.87%	0.82%
Net Income+	302.85B	331.71B	345B	363.05B	353.95B	510.74B	592.36B	992.92B	851.74B	1.16T
Net Margin %	0.36%	0.35%	0.35%	0.35%	0.33%	0.38%	0.37%	0.44%	0.39%	0.4%
Net Income Growth %	0.19%	0.1%	0.04%	0.05%	-0.03%	0.44%	0.16%	0.68%	-0.14%	0.36%
Net Income (Continuing)	302.83B	331.8B	345.04B	363.11B	354.03B	511.01B	592.88B	993.29B	851.03B	1.16T
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	962.4M	795.1M	699.7M	676.3M	681.7M	952.5M	2.42B	14.81B	24.34B	35.01B
EPS (Diluted)+	58.40	63.95	66.50	70.00	68.25	98.50	114.20	191.45	164.25	223.35
EPS Growth %	0.19%	0.1%	0.04%	0.05%	-0.03%	0.44%	0.16%	0.68%	-0.14%	0.36%
EPS (Basic)	58.40	63.95	66.50	70.00	68.25	98.50	114.20	191.45	164.25	223.40
Diluted Shares Outstanding	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B
Basic Shares Outstanding	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B	5.19B
Dividend Payout Ratio	0.39%	0.47%	0.53%	0.57%	0.73%	0.51%	0.45%	0.29%	0.34%	0.31%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	746.74B	817.73B	857.2B	951.68B	822.61B	1.09T	1.61T	2.05T	2.19T	3.09T
Cash & Short-Term Investments	590.47B	636.2B	656.58B	713.76B	594.3B	799.89B	1.2T	1.59T	1.71T	2.49T
Cash Only	562.69B	541.25B	553.39B	577.81B	455.4B	660.17B	1.06T	1.34T	1.47T	2.13T
Short-Term Investments	27.78B	94.95B	103.19B	135.94B	138.9B	139.72B	139.92B	243.69B	249.38B	357.52B
Accounts Receivable	85.69B	129.45B	122.49B	129.26B	139.82B	146.09B	198.36B	231.41B	202.01B	272.09B
Days Sales Outstanding	37.08	49.85	45.74	45.75	47.7	39.81	45.61	37.31	34.11	34.31
Inventory	67.05B	48.68B	73.88B	103.23B	82.98B	137.35B	193.1B	221.15B	251B	287.87B
Days Inventory Outstanding	56.51	37.56	55.88	70.63	52.47	79.82	91.79	88.17	92.86	82.74
Other Current Assets	3.54B	3.39B	4.26B	5.43B	5.51B	8.85B	10.69B	13.84B	26.22B	43.25B
Total Non-Current Assets+	910.65B	1.07T	1.13T	1.14T	1.44T	1.67T	2.12T	2.91T	3.34T	3.6T
Property, Plant & Equipment	853.47B	997.78B	1.06T	1.07T	1.37T	1.58T	2.01T	2.74T	3.1T	3.28T
Fixed Asset Turnover	0.99x	0.95x	0.92x	0.96x	0.78x	0.85x	0.79x	0.83x	0.70x	0.88x
Goodwill	6.1B	6.01B	5.65B	5.8B	5.69B	5.44B	5.38B	5.79B	5.8B	6.07B
Intangible Assets	7.96B	8.61B	8.53B	11.21B	14.96B	20.33B	21.44B	20.21B	16.97B	20.21B
Long-Term Investments	34.87B	46B	41.44B	29.21B	30.09B	27.62B	29.18B	68.61B	129.27B	148.87B
Other Non-Current Assets	1.86B	1.91B	4.27B	3.28B	3.83B	5.75B	5.22B	12.02B	17.05B	87.21B
Total Assets+	1.66T	1.89T	1.99T	2.09T	2.26T	2.76T	3.73T	4.96T	5.53T	6.69T
Asset Turnover	0.51x	0.50x	0.49x	0.49x	0.47x	0.49x	0.43x	0.46x	0.39x	0.43x
Asset Growth %	0.11%	0.14%	0.06%	0.05%	0.08%	0.22%	0.35%	0.33%	0.11%	0.21%
Total Current Liabilities+	239.77B	348.29B	386.89B	356.84B	598.36B	631.9B	758.35B	986.56B	942.81B	1.31T
Accounts Payable	44.59B	89.22B	84.14B	76.11B	179.58B	196.79B	193.03B	268.38B	227.21B	265.44B
Days Payables Outstanding	37.58	68.83	63.63	52.08	113.54	114.36	91.75	107	84.06	76.29
Short-Term Debt	62.98B	96.06B	122.17B	123.65B	150.32B	91.16B	119.49B	19.31B	9.29B	59.86B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	31.2B	41.13B	37.42B	24.18B	24.63B	35.78B	37.22B	61.87B	78.17B	71.34B
Current Ratio	3.11x	2.35x	2.22x	2.67x	1.37x	1.73x	2.12x	2.08x	2.33x	2.36x
Quick Ratio	2.83x	2.21x	2.02x	2.38x	1.24x	1.51x	1.86x	1.86x	2.06x	2.14x
Cash Conversion Cycle	56.01	18.57	37.98	64.3	-13.38	5.28	45.65	18.48	42.91	40.76
Total Non-Current Liabilities+	222.66B	178.16B	110.4B	72.09B	51.97B	292.94B	815.27B	1.06T	1.14T	1.1T
Long-Term Debt	192B	153.12B	91.8B	56.9B	25.1B	256.07B	613.38B	839.1B	918.28B	958.43B
Capital Lease Obligations	0	0	0	0	15.04B	20.56B	20.76B	29.76B	28.68B	28.76B
Deferred Tax Liabilities	31.3M	141.2M	302.2M	233.3M	344.4M	1.73B	1.87B	1.03B	53.8M	3.99B
Other Non-Current Liabilities	9.06B	10.24B	10.71B	11.6B	11.31B	14.31B	179.25B	190.17B	188.51B	112.66B
Total Liabilities	462.43B	526.45B	497.29B	428.93B	650.34B	924.84B	1.57T	2.05T	2.08T	2.41T
Total Debt+	254.98B	249.17B	213.97B	180.55B	190.46B	367.79B	753.63B	888.17B	956.26B	1.05T
Net Debt	-307.71B	-292.08B	-339.42B	-397.26B	-264.94B	-292.38B	-311.36B	-454.64B	-509.17B	-1.08T
Debt / Equity	0.21x	0.18x	0.14x	0.11x	0.12x	0.20x	0.35x	0.30x	0.28x	0.24x
Debt / EBITDA	0.47x	0.41x	0.33x	0.27x	0.29x	0.41x	0.70x	0.57x	0.66x	0.53x
Net Debt / EBITDA	-0.57x	-0.49x	-0.53x	-0.59x	-0.40x	-0.33x	-0.29x	-0.29x	-0.35x	-0.54x
Interest Coverage	100.32x	114.32x	115.77x	125.73x	114.65x	272.30x	120.05x	95.43x	76.79x	125.96x
Total Equity+	1.19T	1.36T	1.49T	1.66T	1.61T	1.84T	2.15T	2.92T	3.45T	4.28T
Equity Growth %	0.17%	0.14%	0.1%	0.11%	-0.03%	0.14%	0.17%	0.36%	0.18%	0.24%
Book Value per Share	230.42	262.21	288.17	320.30	311.29	353.98	414.90	562.65	666.02	825.24
Total Shareholders' Equity	1.19T	1.36T	1.49T	1.66T	1.61T	1.83T	2.15T	2.9T	3.43T	4.24T
Common Stock	259.3B	259.3B	259.3B	259.3B	259.3B	259.3B	259.3B	259.3B	259.32B	259.33B
Retained Earnings	866.63B	1.04T	1.21T	1.36T	1.33T	1.57T	1.89T	2.59T	3.13T	3.87T
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	321.82B	-54.68B	370.45B	0	-28.02B	40.41B
Minority Interest	962.4M	795.1M	699.7M	676.3M	681.7M	952.5M	2.42B	14.81B	24.34B	35.01B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	529.88B	539.83B	585.32B	573.95B	615.14B	822.67B	1.11T	1.61T	1.24T	1.83T
Operating CF Margin %	0.63%	0.57%	0.6%	0.56%	0.57%	0.61%	0.7%	0.71%	0.57%	0.63%
Operating CF Growth %	0.26%	0.02%	0.08%	-0.02%	0.07%	0.34%	0.35%	0.45%	-0.23%	0.47%
Net Income	350.43B	385.96B	396.13B	397.51B	389.85B	584.78B	663.13B	1.14T	838.5B	1.17T
Depreciation & Amortization	222.51B	223.83B	260.14B	292.55B	286.88B	331.72B	422.39B	437.25B	532.19B	662.8B
Stock-Based Compensation	0	0	0	0	2.82M	6.6M	7.8M	302.4M	544.38M	1.65B
Deferred Taxes	0	0	0	0	-59.48B	-58.57B	-105.13B	0	0	0
Other Non-Cash Items	-66.28B	-54.89B	-80.94B	-54.44B	-12.94B	-6.94B	-708.78M	-93.66B	-72.41B	-24.88B
Working Capital Changes	23.23B	-15.06B	9.98B	-61.66B	10.82B	-28.34B	132.47B	122.51B	-56.85B	13.35B
Change in Receivables	26.63B	-49.34B	1.06B	-13.27B	-18.12B	-8.08B	177.06B	-32.17B	29.4B	-70.08B
Change in Inventory	-655.25M	18.37B	-25.23B	-29.37B	20.25B	-54.37B	-55.75B	-28.05B	-29.85B	-36.87B
Change in Payables	-2.69B	7.3B	2.57B	4.54B	5.86B	404.61M	8.3B	7.59B	770.71M	17.07B
Cash from Investing+	-217.25B	-395.44B	-336.16B	-314.27B	-458.8B	-505.78B	-836.37B	-1.19T	-906.12B	-864.84B
Capital Expenditures	-261.8B	-333.09B	-335.89B	-322.68B	-469.75B	-521.47B	-849.44B	-1.09T	-949.82B	-956.01B
CapEx % of Revenue	0.31%	0.35%	0.34%	0.31%	0.44%	0.39%	0.54%	0.48%	0.44%	0.33%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	8.82B	6.51B	15.98B	10.79B	12.3B	11.32B	8.56B	10.29B	87.72B	149.05B
Cash from Financing+	-116.73B	-157.8B	-215.7B	-245.12B	-269.64B	-88.62B	136.61B	-200.24B	-204.89B	-346.3B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-116.68B	-155.58B	-181.51B	-207.44B	-259.3B	-259.3B	-265.79B	-285.23B	-291.72B	-363.06B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-21.45M	21.26B	3.95B	20.34B	-4.31B	-2.03B	5.21B	3.85B	-6.52B	-9.56B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	268.08B	206.74B	249.43B	251.27B	145.39B	301.19B	262.72B	520.97B	286.57B	870.17B
FCF Margin %	0.32%	0.22%	0.26%	0.24%	0.14%	0.22%	0.17%	0.23%	0.13%	0.3%
FCF Growth %	1.08%	-0.23%	0.21%	0.01%	-0.42%	1.07%	-0.13%	0.98%	-0.45%	2.04%
FCF per Share	51.69	39.86	48.10	48.45	28.03	58.08	50.66	100.46	55.26	167.81
FCF Conversion (FCF/Net Income)	1.75x	1.63x	1.70x	1.58x	1.74x	1.61x	1.88x	1.62x	1.46x	1.58x
Interest Paid	0	0	0	0	0	0	0	0	0	18.75B
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	27.32%	25.97%	24.17%	23.01%	21.61%	29.61%	29.71%	39.17%	26.74%	29.96%
Return on Invested Capital (ROIC)	26.64%	29%	26.02%	23.79%	21.39%	29.39%	28.81%	39.08%	25.56%	32.28%
Gross Margin	48.65%	50.09%	50.62%	48.27%	46.05%	53.1%	51.63%	59.56%	54.36%	56.12%
Net Margin	35.9%	34.99%	35.3%	35.2%	33.08%	38.14%	37.32%	43.86%	39.4%	40.02%
Debt / Equity	0.21x	0.18x	0.14x	0.11x	0.12x	0.20x	0.35x	0.30x	0.28x	0.24x
Interest Coverage	100.32x	114.32x	115.77x	125.73x	114.65x	272.30x	120.05x	95.43x	76.79x	125.96x
FCF Conversion	1.75x	1.63x	1.70x	1.58x	1.74x	1.61x	1.88x	1.62x	1.46x	1.58x
Revenue Growth	10.58%	12.38%	3.12%	5.52%	3.74%	25.17%	18.53%	42.61%	-4.51%	33.89%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Other Products	-	120.18B	142.67B	160.8B	182.11B	272.04B	-	379.85B
Other Products Growth	-	-	18.71%	12.71%	13.26%	49.38%	-	-
Wafer	874.57B	911.3B	927.32B	1.18T	1.41T	1.99T	-	-
Wafer Growth	-	4.20%	1.76%	27.08%	19.25%	41.74%	-	-
Others	102.87B	-	-	-	-	-	-	-
Others Growth	-	-	-	-	-	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	620.95B	632.82B	634.71B	817.91B	1.02T	1.49T	1.41T	1.99T
UNITED STATES Growth	-	1.91%	0.30%	28.86%	24.22%	46.98%	-5.66%	41.41%
CHINA	-	175.79B	208.1B	233.78B	164.55B	245.17B	267.15B	331.67B
CHINA Growth	-	-	18.38%	12.34%	-29.61%	48.99%	8.97%	24.15%
TAIWAN, PROVINCE OF CHINA	90.13B	78.26B	84.26B	129.08B	203.96B	210.47B	149.78B	270.41B
TAIWAN, PROVINCE OF CHINA Growth	-	-13.17%	7.66%	53.20%	58.01%	3.19%	-28.84%	80.54%
JAPAN	-	58.13B	57.47B	63.3B	71.92B	119.1B	132.07B	144.24B
JAPAN Growth	-	-	-1.13%	10.15%	13.62%	65.60%	10.89%	9.21%
Europe Middle East and Africa [member]	-	-	-	-	-	-	-	102.76B
Europe Middle East and Africa [member] Growth	-	-	-	-	-	-	-	-
Other country [member]	-	-	-	-	-	-	-	52.94B
Other country [member] Growth	-	-	-	-	-	-	-	-
Europe Middle East and Africa	68.54B	71.07B	-	-	-	-	-	-
Europe Middle East and Africa Growth	-	3.69%	-	-	-	-	-	-
Other country	3.35B	15.4B	-	-	-	-	-	-
Other country Growth	-	359.27%	-	-	-	-	-	-
Asia	194.48B	-	-	-	-	-	-	-
Asia Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Taiwan Semiconductor Manufacturing Company Limited (TSM) has a price-to-earnings (P/E) ratio of 1.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Taiwan Semiconductor Manufacturing Company Limited (TSM) reported $3.63T in revenue for fiscal year 2024. This represents a 750% increase from $427.01B in 2011.

Taiwan Semiconductor Manufacturing Company Limited (TSM) grew revenue by 33.9% over the past year. This is strong growth.

Yes, Taiwan Semiconductor Manufacturing Company Limited (TSM) is profitable, generating $1.57T in net income for fiscal year 2024 (40.0% net margin).

Dividend & Returns

Yes, Taiwan Semiconductor Manufacturing Company Limited (TSM) pays a dividend with a yield of 20.49%. This makes it attractive for income-focused investors.

Taiwan Semiconductor Manufacturing Company Limited (TSM) has a return on equity (ROE) of 30.0%. This is excellent, indicating efficient use of shareholder capital.

Taiwan Semiconductor Manufacturing Company Limited (TSM) generated $889.87B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.