Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with over 60% market share. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the us in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. TSMC employs more than 73,000 people.
1987
66.3K+
LTM Revenue $91.8B
LTM EBITDA $62.8B
$823B
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TSMC has a last 12-month revenue of $91.8B and a last 12-month EBITDA of $62.8B.
In the most recent fiscal year, TSMC achieved revenue of $88.3B and an EBITDA of $60.6B.
TSMC expects next 12-month revenue of XXX   and NTM EBITDA of XXX
See TSMC valuation multiples based on analyst estimatesFY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
---|---|---|---|---|---|
Revenue | $69.1B | $66.0B | $88.3B | $91.8B | XXX |
Gross Profit | $41.1B | $35.9B | $49.6B | XXX | XXX |
Gross Margin | 60% | 54% | 56% | XXX | XXX |
EBITDA | $48.6B | $46.5B | $60.6B | $62.8B | XXX |
EBITDA Margin | 70% | 70% | 69% | 68% | XXX |
Net Profit | $30.3B | $26.0B | $35.8B | XXX | XXX |
Net Margin | 44% | 39% | 41% | XXX | XXX |
Net Debt | n/a | n/a | n/a | XXX | XXX |
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As of February 21, 2025, TSMC's stock price is TWD 1095 (or $33).
TSMC has current market cap of TWD 28.40T (or $866B), and EV of TWD 26.96T (or $823B).
See TSMC trading valuation dataEV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
---|---|---|---|---|---|---|
$823B | $866B | XXX | XXX | XXX | XXX | $1.45 |
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Sign UpAs of February 21, 2025, TSMC has market cap of $866B and EV of $823B.
TSMC's trades at 9.0x LTM EV/Revenue multiple, and 13.1x LTM EBITDA.
Analysts estimate TSMC's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for TSMC and 10K+ public compsFY 2024 | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|
EV | $823B | XXX | XXX | XXX |
EV/Revenue | 9.3x | XXX | XXX | XXX |
EV/EBITDA | 13.6x | XXX | XXX | XXX |
P/E | 24.2x | XXX | XXX | XXX |
P/E/Growth | 0.9x | XXX | XXX | XXX |
EV/FCF | 31.0x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpTSMC's NTM/LTM revenue growth is 26%
TSMC's revenue per employee for the last fiscal year averaged $1.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, TSMC's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate TSMC's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for TSMC and other 10K+ public compsFY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|---|
Revenue Growth | 34% | XXX | XXX | XXX | XXX |
EBITDA Margin | 69% | XXX | XXX | XXX | XXX |
EBITDA Growth | 30% | XXX | XXX | XXX | XXX |
Rule of 40 (SaaS-only) | 95% | XXX | XXX | XXX | XXX |
Revenue per Employee | $1.3M | XXX | XXX | XXX | XXX |
Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
R&D Expenses to Revenue | 7% | XXX | XXX | XXX | XXX |
Opex to Revenue | 10% | XXX | XXX | XXX | XXX |
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EV/Revenue | EV/EBITDA | |||||
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2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
ASM International | XXX | XXX | XXX | XXX | XXX | XXX |
ASML | XXX | XXX | XXX | XXX | XXX | XXX |
Besi | XXX | XXX | XXX | XXX | XXX | XXX |
4DS Memory | XXX | XXX | XXX | XXX | XXX | XXX |
Archer Materials | XXX | XXX | XXX | XXX | XXX | XXX |
XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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TSMC acquired XXX companies to date.
Last acquisition by TSMC was XXXXXXXX, XXXXX XXXXX XXXXXX . TSMC acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiplesAcquired Company | EV | EV/Revenue | EV/EBITDA |
---|---|---|---|
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
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Sign UpWhen was TSMC founded? | TSMC was founded in 1987. |
Where is TSMC headquartered? | TSMC is headquartered in Taiwan. |
How many employees does TSMC have? | As of today, TSMC has 66.3K+ employees. |
Who is the CEO of TSMC? | TSMC's CEO is Dr. C.C. Wei, PhD. |
Is TSMC publicy listed? | Yes, TSMC is a public company listed on TAI. |
What is the stock symbol of TSMC? | TSMC trades under 2330 ticker. |
When did TSMC go public? | TSMC went public in 1994. |
Who are competitors of TSMC? | Similar companies to TSMC include e.g. ASM International, ASML, Besi, 4DS Memory. |
What is the current market cap of TSMC? | TSMC's current market cap is $866B |
What is the current revenue of TSMC? | TSMC's last 12-month revenue is $91.8B. |
What is the current EBITDA of TSMC? | TSMC's last 12-month EBITDA is $62.8B. |
What is the current EV/Revenue multiple of TSMC? | Current revenue multiple of TSMC is 9.0x. |
What is the current EV/EBITDA multiple of TSMC? | Current EBITDA multiple of TSMC is 13.1x. |
What is the current revenue growth of TSMC? | TSMC revenue growth between 2023 and 2024 was 34%. |
Is TSMC profitable? | Yes, TSMC is EBITDA-positive (as of the last 12 months). |
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