Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) – Can TMSC be behind Intel in nodes transition?

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Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) (Q1FY23)

Introduction

Taiwan 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors. The company also offers customer support and engineering services, as well as manufactures masks. Its products are used in high performance computing, smartphone, Internet of things, automotive, and digital consumer electronics.

Highlights

Taiwan Semiconductor Manufacturing Co Ltd experienced an additional 17% surge in electricity prices in Taiwan starting from April 1 this year. This increase is projected to reduce the second-quarter gross margin by 60 basis points and the full-year gross margin by approximately 50 basis points.

Stock Performance

Taiwan Semiconductor Manufacturing Co Ltd has provided returns of over 7% in the past 3 months, which showcases the ongoing weakness in end markets. For the last 1 month period, the company gave 11% returns as compared to S&P index returns of 4%.

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 33

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