TSMC (TSM) valuation

Run six valuation models on TSMC with live data: DCF, Reverse DCF, Graham number, Monte Carlo, scenarios and sum-of-the-parts (NAV).

TSM
TSM

TSMC

TSM · Technology

Current price

429,36 NT$

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Valuation

Market cap
NT$2.23T
PE (TTM | NTM | +1y)
32.40 | 19.73 | 19.73
Price / Sales
0.50
EV / EBITDA
4.73
Price / Book
89.54

Cash flow

FCF yield(142.50 / 429.36)
+33.19%
SBC-adjusted FCF yield
SBC impact

Margins & growth

Profit margin
+49.92%
Operating margin
+60.34%
Quarterly earnings (YoY)
+77.41%
Quarterly revenue (YoY)
+36.05%

Balance

Cash
NT$3.52T
Debt
NT$982.45B
Net position
NT$2.54T

Dividend

Dividend yield
+0.9%
Payout ratio
+25.74%
Next payout
10/8/2026

Price (1 year)

+79.74%
NT$462.12

Revenue

estimate
Q2 25: NT$933.79BQ2 25Q3 25: NT$989.92BQ3 25Q4 25: NT$1.05TQ4 25Q1 26: NT$1.13TQ1 26Q2 26: NT$1.27TQ2 26Q3 26 · estimate: NT$1.45TQ3 26NT$1.45T

EBITDA

Q2 25: NT$651.48BQ2 25Q3 25: NT$691.11BQ3 25Q4 25: NT$757.51BQ4 25Q1 26: NT$855.97BQ1 26Q2 26: NT$766.6BQ2 26NT$855.97B

Net income

Q2 25: NT$398.27BQ2 25Q3 25: NT$452.3BQ3 25Q4 25: NT$485.47BQ4 25Q1 26: NT$572.48BQ1 26Q2 26: NT$706.56BQ2 26NT$706.56B

Free cash flow

Q2 25: NT$197.5BQ2 25Q3 25: NT$138.39BQ3 25Q4 25: NT$364.04BQ4 25Q1 26: NT$347.27BQ1 26Q2 26: NT$287.36BQ2 26NT$364.04B

EPS

estimate
Q2 25: 76.80Q2 25Q3 25: 87.20Q3 25Q4 25: 97.50Q4 25Q1 26: 110.40Q1 26Q2 26: 136.23Q2 26Q3 26 · estimate: 4.45Q3 26136.23

Cash & debt

CashDebt
Q1 25 · Cash: NT$2.39TQ1 25Q2 25 · Cash: NT$2.36TQ2 25 · Debt: NT$1.01TQ2 25Q3 25 · Cash: NT$2.47TQ3 25 · Debt: NT$1.03TQ3 25Q4 25 · Cash: NT$2.77TQ4 25 · Debt: NT$1.06TQ4 25Q1 26 · Cash: NT$3.04TQ1 26 · Debt: NT$1.09TQ1 26Q2 26 · Cash: NT$3.13TQ2 26 · Debt: NT$982.45BQ2 26NT$3.13T

Return of capital

DividendsBuybacks
Q4 24 · Buybacks: NT$23KQ4 24Q2 25 · Dividends: NT$116.7BQ2 25Q3 25 · Dividends: NT$116.7BQ3 25Q4 25 · Dividends: NT$129.66BQ4 25Q1 26 · Dividends: NT$129.66BQ1 26Q2 26 · Dividends: NT$155.6BQ2 26NT$155.6B

Shares outstanding

Q4 17: 25.93BQ4 17Q4 18: 25.93BQ4 19: 25.93BQ4 19Q4 20: 25.93BQ4 21: 25.93BQ4 21Q4 22: 25.93BQ4 23: 25.93BQ4 23Q2 25: 25.93BQ3 25: 25.93BQ3 25Q4 25: 25.93BQ1 26: 25.93BQ2 26: 25.93BQ2 2625.93B

Stock-based compensation

Q1 25: NT$455.24MQ1 25Q2 25: NT$344.41MQ2 25Q3 25: NT$273.42MQ3 25Q4 25: NT$173.04MQ4 25Q1 26: NT$113.98MQ1 26NT$455.24M

Operating expenses

R&DSG&A
Q2 25 · R&D: NT$61.28BQ2 25 · SG&A: NT$23.23BQ2 25Q3 25 · R&D: NT$63.74BQ3 25 · SG&A: NT$24.02BQ3 25Q4 25 · R&D: NT$64.86BQ4 25 · SG&A: NT$23.33BQ4 25Q1 26 · R&D: NT$67.76BQ1 26 · SG&A: NT$26.25BQ1 26Q2 26 · R&D: NT$73.15BQ2 26 · SG&A: NT$25.84BQ2 26NT$98.98B

Source: Yahoo Finance. Quarterly history grows automatically over time as new quarters are published.

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