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TSM - Taiwan Semiconductor...

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Taiwan Semiconductor Manufacturing Company Limited

TSM

NYSE

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 a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others. The company also offers customer and engineering support services; manufactures masks; and invests in technology start-up companies; researches, designs, develops, manufactures, packages, tests, and sells color filters; and provides investment services. Its products are used in high performance computing, smartphones, Internet of things, automotive, and digital consumer electronics. The company was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.

151.67 USD

-5.66 (-3.73%)

Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

41.32B

48.98B

69.85B

66.7B

89.31B

109.52B

134.3B

164.69B

201.96B

247.67B

Revenue %

-

18.53

42.61

-4.51

33.89

22.63

22.63

22.63

22.63

Operating Cash Flow

25.38B

34.32B

49.7B

38.32B

56.35B

70.79B

86.81B

106.45B

130.54B

160.08B

Operating Cash Flow %

61.43

70.06

71.14

57.45

63.1

64.64

64.64

64.64

64.64

Cap Ex

-16.09B

-26.21B

-33.62B

-29.48B

-29.5B

-47.71B

-58.5B

-71.74B

-87.98B

-107.89B

Cap Ex %

-38.94

-53.51

-48.13

-44.2

-33.03

-43.56

-43.56

-43.56

-43.56

Free Cash Flow

9.29B

8.11B

16.08B

8.84B

26.85B

23.08B

28.3B

34.71B

42.56B

52.2B

Weighted Average Cost Of Capital

Price

151.67

Beta

Diluted Shares Outstanding

25.93B

Costof Debt

3.91

Tax Rate

After Tax Cost Of Debt

3.26

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

30.44B

Total Equity

3.93T

Total Capital

3.96T

Debt Weighting

0.77

Equity Weighting

99.23

Wacc

10.03

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

41.32B

48.98B

69.85B

66.7B

89.31B

109.52B

134.3B

164.69B

201.96B

247.67B

Operating Cash Flow

25.38B

34.32B

49.7B

38.32B

56.35B

70.79B

86.81B

106.45B

130.54B

160.08B

Cap Ex

-16.09B

-26.21B

-33.62B

-29.48B

-29.5B

-47.71B

-58.5B

-71.74B

-87.98B

-107.89B

Free Cash Flow

9.29B

8.11B

16.08B

8.84B

26.85B

23.08B

28.3B

34.71B

42.56B

52.2B

Wacc

10.03

10.03

10.03

10.03

10.03

Pv Lfcf

20.98B

23.38B

26.06B

29.04B

32.37B

Sum Pv Lfcf

131.82B

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

10.03

Free Cash Flow T1

53.24B

Terminal Value

663.2B

Present Terminal Value

411.28B

Intrinsic Value

Enterprise Value

543.1B

Net Debt

-35.21B

Equity Value

578.31B

Diluted Shares Outstanding

25.93B

Equity Value Per Share

22.3

Projected DCF

22.3 -5.801%

DCF Levered

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