Compte de Résultat Prévisionnel: TSMC (Taiwan Semiconductor Manufacturing Company)

Forecast Balance Sheet: TSMC (Taiwan Semiconductor Manufacturing Company)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 -408,026 -314,907 -335,431 -707,836 -764,452 -996,108 -1,608,816 -2,620,038
Change - -22.82% 6.52% 111.02% 8% 30.3% 61.51% 62.86%
Announcement Date 1/16/20 1/14/21 1/13/22 1/12/23 1/18/24 - - -
1TWD in Million
Estimates

Cash Flow Forecast: TSMC (Taiwan Semiconductor Manufacturing Company)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 460,420 507,239 839,196 1,082,672 949,820 990,046 1,126,132 1,214,473
Change - 10.17% 65.44% 29.01% -12.27% 4.24% 13.75% 7.84%
Free Cash Flow (FCF) 1 154,720 315,430 272,965 527,927 292,150 666,983 933,041 1,358,499
Change - 103.87% -13.46% 93.4% -44.66% 128.3% 39.89% 45.6%
Announcement Date 1/16/20 1/14/21 1/13/22 1/12/23 1/18/24 - - -
1TWD in Million
Estimates

Forecast Financial Ratios: TSMC (Taiwan Semiconductor Manufacturing Company)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 61.64% 67.09% 67.55% 68.84% 67.24% 67.88% 69.03% 68.57%
EBIT Margin (%) 34.83% 42.32% 40.95% 49.53% 42.63% 43.26% 45.05% 45.78%
EBT Margin (%) 36.44% 43.66% 41.77% 50.54% 45.3% 45.88% 46.58% 46.98%
Net margin (%) 32.27% 38.67% 37.58% 44.9% 38.79% 38.82% 40.14% 40.11%
FCF / Net Income (%) 14.46% 23.55% 17.2% 23.32% 13.51% 23.83% 26.96% 33.51%

Profitability

        
ROA 15.86% 20.61% 16.9% 23.39% 15.98% 17.76% 19.5% 19.42%
ROE 20.9% 29.8% 29.69% 39.76% 26.2% 27.82% 28.99% 28.1%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 43.03% 37.87% 52.87% 47.82% 43.94% 35.38% 32.53% 29.95%
CAPEX / EBITDA (%) 69.8% 56.45% 78.26% 69.47% 65.34% 52.12% 47.13% 43.69%
CAPEX / FCF (%) 297.58% 160.81% 307.44% 205.08% 325.11% 148.44% 120.69% 89.4%

Items per share

        
Cash flow per share 1 23.73 31.73 42.89 62.12 47.9 66.73 80.93 91.04
Change - 33.69% 35.19% 44.82% -22.89% 39.32% 121.27% 112.5%
Dividend per Share 1 9.5 10 11 11 13 14.96 18.15 19.17
Change - 5.26% 10% 0% 18.18% 15.04% 121.36% 105.6%
Book Value Per Share 1 62.53 71.33 83.62 113.6 133.4 162 200.9 248
Change - 14.08% 17.23% 35.86% 17.42% 21.44% 123.99% 123.45%
EPS 1 13.32 19.98 23.01 39.2 32.34 41.84 53.16 62.54
Change - 50% 15.17% 70.36% -17.5% 29.39% 127.04% 117.65%
Nbr of stocks (in thousands) 25,930,380 25,930,380 25,930,380 25,930,380 25,932,071 25,931,859 25,931,859 25,931,859
Announcement Date 1/16/20 1/14/21 1/13/22 1/12/23 1/18/24 - - -
1TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
30
Last Close Price
979.00TWD
Average target price
1,222.21TWD
Spread / Average Target
+24.84%
Consensus
  1. Stock Market
  2. Equities
  3. 2330 Stock
  4. Financials TSMC (Taiwan Semiconductor Manufacturing Company)