Back to TSM Overview
NYQ · Valuation Lab
TSM
Taiwan Semiconductor Manufacturing Company Limited
Last$414.00
Market cap2.1T
EV/EBITDA4.6x
Intrinsic value
$16048.00
MoS +97.4% · Undervalued
Assuming 16.6% FCF margin and 36.0% Y1–5 growth.
Upside to price
EV (DCF)80.7T
Terminal share72%
Expected IV$16822.01
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 72% of EV
PV of stage FCFs22.3T
PV of terminal value58.4T
Enterprise value80.7T
Net cash / (debt)2.5T
Equity value83.2T
Intrinsic value / share$16048.00
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 6T | 1T | 923.4B | 92.1% |
| Y2 | 8.2T | 1.4T | 1.2T | 84.9% |
| Y3 | 11.2T | 1.9T | 1.4T | 78.2% |
| Y4 | 15.2T | 2.5T | 1.8T | 72.0% |
| Y5 | 20.7T | 3.4T | 2.3T | 66.3% |
| Y6 | 24.4T | 4T | 2.5T | 61.1% |
| Y7 | 28.8T | 4.8T | 2.7T | 56.3% |
| Y8 | 33.9T | 5.6T | 2.9T | 51.8% |
| Y9 | 40.1T | 6.6T | 3.2T | 47.7% |
| Y10 | 47.3T | 7.8T | 3.5T | 44.0% |
| Terminal | — | — | 58.4T | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.