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    Semiconductors
Taiwan Semiconductor Manufacturing Company Limited

Taiwan Semiconductor Manufacturing Company Limited

TSFA.F
Taiwan Semiconductor Manufacturing Company Limitedundefined flagFrankfurt Stock Exchange
395.00
EUR
- -
- -
2.05TMarket Cap
Taiwan Semiconductor Manufacturing Company Limited
TSFA.F
(Frankfurt Stock Exchange)

Recent

price

395.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
80.97
82.39
97.74
115.13
147.1
162.65
182.78
188.47
198.87
206.32
258.24
306.09
436.55
416.85
558.15
734.54
791.36
Revenue per Share
31.19
25.89
30.76
35.48
49.04
58.4
63.96
66.52
70.01
68.25
98.48
114.22
191.47
164.24
223.39
327.37
368.02
Basic EPS, GAAP
8.21
6.49
7.15
11
24.9
51.69
39.86
48.1
48.45
28.03
58.08
50.66
100.46
55.26
166.08
191.37
259.25
Free Cash Flow per Basic Share
15
15
15
15
15
22.5
30
35
40
50
50
51.25
55
56.25
70.01
90.01
95.01
Dividend per Share
101.31
111.32
126.96
147.3
181.36
182.85
210.72
235.75
253.88
243.56
285.33
342.58
489.77
593.31
736.89
944.88
1,051.4
Book Value per Share
109.43
118.93
135.54
158.64
194.53
227.71
259.39
285.43
317.02
307.31
349.01
409.72
557.64
661.63
820.17
1,035.79
1,139.17
Tangible Book Value per Share
5,181
5,183
5,184
5,186
5,186
5,186
5,186
5,186
5,186
5,186
5,186
5,186
5,186
5,186
5,186
5,186
5,186
Basic Weighted Avg Shares
419,538
427,007
506,720
597,003
762,835
843,512
947,909
977,443
1,031,362
1,069,985
1,339,255
1,587,415
2,263,891
2,161,736
2,894,308
3,809,054
4,103,904
Sales/Revenue/Turnover
37.94
33.15
35.84
35.18
38.91
38.14
39.87
39.56
37.2
34.83
42.32
40.95
49.53
42.62
45.68
50.83
53.31
Operating Margin (%)
87,810
107,682
131,349
156,182
200,252
222,506
223,828
260,143
292,546
286,884
331,725
422,395
437,254
532,191
662,797
688,096
490,350
Depreciation Expense
161,605
134,201
159,481
183,978
254,301
302,851
331,714
344,998
363,053
353,948
510,744
592,359
992,923
851,740
1,158,380
1,697,604
1,908,520
Net Income, GAAP
4.69
7.37
12.32
14.87
15.85
13.59
14.02
12.9
8.66
9.19
12.61
10.58
13.18
13.1
17.66
16.97
12.87
Effective Tax Rate (%)
38.52
31.43
31.47
30.82
33.34
35.9
34.99
35.3
35.2
33.08
38.14
37.32
43.86
39.4
40.02
44.57
46.5
Profit Margin (%)
138,328
99,509
92,222
154,513
401,780
506,972
469,443
470,313
594,843
224,250
460,287
848,720
1,066,333
1,251,228
1,779,696
2,294,717
2,551,259
Working Capital
5,497
20,458
82,108
211,584
214,516
191,998
153,115
91,800
56,900
40,142
276,633
634,144
868,860
946,965
987,184
927,657
934,527
LT Debt
578,704
627,259
713,594
834,113
1,022,361
1,194,970
1,359,846
1,494,446
1,661,105
1,614,387
1,835,764
2,151,682
2,917,832
3,453,866
4,279,272
5,396,219
5,932,389
Total Equity
26.69
19.97
20.59
18.31
20.62
19.61
20.38
19.53
19.11
18.09
24.06
22.12
28
18.83
21.65
26.26
28.8
Return on Invested Capital (%)
31.62
22.39
22.81
20.82
23.31
25.29
26.04
24.82
24.92
23.97
30.91
27.02
33.22
22.73
25.87
31.17
32.52
Return on Capital (%)
33.47
24.36
25.82
25.88
29.84
32.07
32.5
29.8
28.6
27.44
37.24
36.38
46.01
30.33
33.59
38.93
39.91
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
76,226
136,926
156,242
LT Borrowings
918,228
896,062
901,018
LT Finance Leases
30,979
31,595
33,509
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
25,933
25,933
25,932
Market Capitalization
43,979,014
49,092,552
55,761,053

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
3,436,015
3,817,131
4,265,512
Cash, Cash Equivalents & STI
2,804,928
3,128,068
3,452,597
Accounts Receivable, Net
305,477
279,052
357,743
Inventories
288,689
288,110
311,453
Total Current Liabilities
1,275,907
1,522,414
1,714,253
Payables & Accruals
1,123,956
1,279,048
1,417,264
ST Debt
76,226
136,926
156,242
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.69%
24.24%
26.1%
Free Cash Flow
31.98%
51.26%
15.23%
Net Income, GAAP
21.25%
30.39%
46.55%
Sales/Revenue/Turnover
17.21%
24.43%
31.61%
Total Cash Common Dividend
- -
13.02%
28.57%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
592,644
673,510
759,692
868,461
2,894,308
2025
839,254
933,792
989,918
1,046,090
3,809,054
2026
1,134,103
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
43.48
47.79
62.73
69.37
223.39
2025
69.73
76.8
87.22
93.61
327.37
2026
110.39
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15
17.5
17.5
20
70.01
2025
20
22.5
22.5
25
90.01
2026
25
- -
- -
- -
- -
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Business
Taiwan Semiconductor Manufacturing Company Limited (TSMC) manufactures, packages, tests and sells integrated circuits and other semiconductor devices as the world's largest dedicated independent semiconductor foundry. Founded in 1987 and headquartered in Hsinchu Science Park, Hsinchu City, Taiwan, TSMC provides a broad portfolio of wafer fabrication processes including complementary metal-oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal; advanced process nodes from 2 microns to 3 nanometers with leadership in 7nm, 5nm, 3nm FinFET and plans for 2nm mass production in 2025; specialty technologies such as extreme ultraviolet (EUV) lithography; advanced packaging solutions including 3DFabric, Integrated Fan-Out (InFO) and Chip on Wafer on Substrate (CoWoS); and customer support services encompassing mask manufacturing, engineering support and design for manufacturing. The company serves fabless semiconductor firms, integrated device manufacturers and system companies including Apple, AMD, Nvidia, Qualcomm, MediaTek, Broadcom and others across high-performance computing (46% of revenue), smartphones (38%), Internet of Things (6%), automotive (6%), digital consumer electronics (2%) and others; with primary operations in Taiwan supplemented by facilities in the United States (Arizona Fab 21 and Washington), Japan (JASM Kumamoto Fab 23), China (Nanjing Fab 16), Singapore (SSMC) and planned expansions in Germany (ESMC Dresden). TSMC operates globally with sales primarily to the United States (68.8%), China (11.5%), Taiwan (9.3%), Japan (5%) and Europe, Middle East, Africa (3.6%). Recent developments include a $100 billion investment commitment announced with the Trump administration in March 2025 for five additional U.S. chip facilities accelerating Arizona's gigafab cluster; early-stage discussions to lead a joint venture managing Intel's foundry operations with potential stakes from Nvidia, AMD, Broadcom and Qualcomm while capping its own at 50%; Japan Advanced Semiconductor Manufacturing (JASM) Fab 23 achieving commercial production of 12/22/28nm processes in December 2024 with phase 2 under construction for 6/12nm; establishment of the TSMC-University of Tokyo Laboratory in June 2025 for joint R&D; and investigations into trade secret theft involving 2nm process by former employees linked to competitors in August 2025.