TSM

Taiwan Semiconductor Manufacturing Co Ltd

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Advanced Chart

240.400

-5.2(-2.117%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

245.970

Open

245.310

VWAP

241.07

Vol

16.25M

Mkt Cap

1.25T

Low

238.690

Amount

3.92B

EV/EBITDA(TTM)

12.00

Total Shares

5.19B

28.30T

EV/OCF(TTM)

12.82

P/S(TTM)

8.81

Taiwan Semiconductor Manufacturing Co Ltd is a Taiwan-based company mainly engaged in the provision of integrated circuit manufacturing services. The integrated circuit manufacturing services include process technology, special process technology, design ecosystem support, mask technology, 3DFabricTM advanced packaging and silicon stacking technology services. The Company has completed the transfer and mass production of 5nm technology, and is engaged in the research and development of 3nm process technology and 2nm process technology. The product application range covers the entire electronic application industry, including personal computers and peripheral products, information application products, wired and wireless communication system products, servers and data centers.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

890.59B

+6.12%

2.338

+10.29%

899.12B

+3.53%

2.430

+8.47%

936.91B

+23.33%

2.652

+36.68%

Estimates Revision

The market is revising Downward the revenue expectations for Taiwan Semiconductor Manufacturing Company Limited (TSM) for FY2025, with the revenue forecasts being adjusted by -1.43% over the past three months. During the same period, the stock price has changed by 62.59%.

Revenue Estimates for FY2025

Revise Downward

-1.43%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-1.8%

In Past 3 Month

Stock Price

Go Up

+62.59%

In Past 3 Month

9 Analyst Rating

-3.65% Downside

Wall Street analysts forecast TSM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSM is 231.63 USD with a low forecast of 175.00 USD and a high forecast of 270.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

8 Buy

1 Hold

0 Sell

Strong Buy

-3.65% Downside

Current: 240.400

Low

175.00

Averages

231.63

High

270.00

-3.65% Downside

Current: 240.400

Low

175.00

Averages

231.63

High

270.00

Barclays

Overweight

maintain

$240 -> $275

2025-07-17

New

Reason

Barclays

Price Target

$240 -> $275

2025-07-17

New

maintain

Overweight

Reason

Barclays raised the firm's price target on TSMC to $275 from $240 and keeps an Overweight rating on the shares. The company's results were again ahead of expectations and guidance amid artificial intelligence strength, the analyst tells investors in a research note. The firm upped the stock's target multiple saying TSMC "continues to execute pretty much seamlessly."

Susquehanna

Mehdi Hosseini

Positive

maintain

$255 -> $265

2025-07-14

Reason

Susquehanna

Mehdi Hosseini

Price Target

$255 -> $265

2025-07-14

maintain

Positive

Reason

Susquehanna analyst Mehdi Hosseini raised the firm's price target on TSMC to $265 from $255 and keeps a Positive rating on the shares. The firm previewed its Q2 earnings where they see near-term headwinds driven by F/X and weaker smartphone end market. AI remains the strongest and the N2 platform is a key catalyst heading into 2026.

Needham

Charles Shi

Buy

upgrade

$225 -> $270

2025-07-01

Reason

Needham

Charles Shi

Price Target

$225 -> $270

2025-07-01

upgrade

Buy

Reason

Needham analyst Charles Shi raised the firm's price target on TSMC to $270 from $225 and keeps a Buy rating on the shares. The firm's AI wafer demand model suggests that TSMC doesn't need much unit volume growth to reach its target of $90B in AI revenue by 2029, the analyst tells investors in a research note. Significant silicon content growth from increasing number of compute dies in a package and the transition to custom HBM base dies should sustain the rapid AI revenue growth to $90B within four years, the firm added.

Susquehanna

Positive

maintain

$250 -> $255

2025-06-18

Reason

Susquehanna

Price Target

$250 -> $255

2025-06-18

maintain

Positive

Reason

Susquehanna raised the firm's price target on TSMC to $255 from $250 and keeps a Positive rating on the shares. The firm said recent checks show that the upside to AI-related wafer shipments in Q2 is balancing out weaker smartphone wafershipment, with foreign exchange impacts expected to minimize the revenue upside effect on EPS. In addition, EPS. In addition, the company is likely to remain the sole leading-edge foundry provider through 2027 due to lack of customers' commitment to IFS's 14A-E.

Barclays

NULL -> Overweight

maintain

$215 -> $240

2025-06-03

Reason

Barclays

Price Target

$215 -> $240

2025-06-03

maintain

NULL -> Overweight

Reason

Barclays raised the firm's price target on TSMC to $240 from $215 and keeps an Overweight rating on the shares. The firm sees scope for upside in advanced logic but downside risk in memory in 2026.

Goldman Sachs

Strong Buy

initiated

2025-06-02

Reason

Goldman Sachs

Price Target

2025-06-02

initiated

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Taiwan Semiconductor Manufacturing Co Ltd (TSM.N) is 19.76, compared to its 5-year average forward P/E of 18.65. For a more detailed relative valuation and DCF analysis to assess Taiwan Semiconductor Manufacturing Co Ltd 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

18.65

Current PE

19.76

Overvalued PE

22.80

Undervalued PE

14.50

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

10.22

Current EV/EBITDA

11.60

Overvalued EV/EBITDA

12.33

Undervalued EV/EBITDA

8.11

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

7.23

Current PS

8.18

Overvalued PS

8.65

Undervalued PS

5.82