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TSMC (2330) TWD

At a glance: strengths & risks
✓Revenue growing (+36% y/y, Q2 2026)✓Profit growing (+77% y/y, Q2 2026)✓Margins improving (70%→76%, Q2 2026)✓Net cash balance sheet✗Pricier than own history (EV/EBITDA 18.8 vs avg 14.0)

Sector: Contract chipmaking

TW_2330

Price chart

2 385 TWDDay -1.45%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
2 385 TWD · -1.45%
Market cap
61848.8 bn TWD

Growth

Δ revenue y/y
36.0%
Δ EBITDA y/y
48.1%

Multiples

P/E (LTM)
27.9x
3y avg: 23.9x
P/B (FY)
11.5x
P/E (ann.)
21.9x
EV/EBITDA (LTM)
18.8x
3y avg: 14.0x
EV/EBITDA (ann.)
15.5x

Cash return

Dividend yield
1.0%
FCF yield (LTM)
2.2%

Value creation

fundamental value/yr, % of market cap
Value created / year
+25.2%
↓ details

Liquidity

Daily turnover (listing)
65.3 bln TWD

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B TWD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB TWDOperating profitB TWDD&AB TWDEBITDAB TWDNet profitB TWDOperating CFB TWDCapex + M&AB TWDAssetsB TWDEquityB TWDROE (annualized)Net debtB TWDSource
2026-06-30Q2 2026 (3M)OK1270.4
y/y 36.0%
766.6
y/y 65.4%
198.5
y/y 5.6%
965.1
y/y 48.1%
706.6
y/y 77.4%
783.4-508.49375.7
y/y 33.8%
6432.5
y/y 40.4%
45.9%-2102.5Yahoo Finance
2026-03-31Q1 2026 (3M)OK1134.1
y/y 35.1%
658.9
y/y 61.9%
165.5
y/y -5.5%
824.4
y/y 41.6%
572.5
y/y 58.3%
699.0-351.78660.9
y/y —
5891.0
y/y —
40.7%-1978.4Yahoo Finance
2025-12-31Q4 2025 (3M)OK1046.1
y/y —
564.9
y/y —
162.1
y/y —
727.0
y/y —
485.5
y/y —
725.5-361.57932.8
y/y 18.5%
5355.0
y/y 26.2%
32.8%-1734.9Yahoo Finance
2025-09-30Q3 2025 (3M)OK989.9
y/y —
500.7
y/y —
162.8
y/y —
663.5
y/y —
452.3
y/y —
426.8-288.47354.1
y/y —
4998.3
y/y —
12.6%-1476.3Yahoo Finance
2025-06-30Q2 2025 (3M)OK933.8
y/y —
463.4
y/y —
188.1
y/y —
651.5
y/y —
398.3
y/y —
497.1-297.27006.3
y/y —
4581.1
y/y —
—-1386.6Yahoo Finance
2025-03-31Q1 2025 (3M)PARTIAL839.3
y/y —
407.1
y/y —
175.1
y/y —
582.2
y/y —
361.6
y/y —
625.6-290.2—
y/y —
—
y/y —
—≈ -1109.3Yahoo Finance
2024-12-31FY 2024 (12M)OK2894.3
y/y 33.9%
1322.0
y/y 43.5%
662.8
y/y 24.5%
1984.8
y/y 36.5%
1158.4
y/y 36.0%
1826.2-965.06691.8
y/y 21.0%
4244.3
y/y 23.8%
30.2%-1109.3Yahoo Finance
2023-12-31FY 2023 (12M)OK2161.7
y/y —
921.4
y/y —
532.2
y/y —
1453.6
y/y —
851.7
y/y —
1242.0-955.45532.2
y/y —
3429.5
y/y —
—-537.9Yahoo Finance

Revenue & EBITDA

RevenueEBITDA

Quarterly values (TWD mln)

01 000 0002 000 0003 000 0002023 FY2024 FY2025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

0%20%40%60%2023 FY2024 FY2025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

Operating and investing cash flow (OCF + ICF) (TWD mln)

0200 000400 000600 000800 0001 000 0002023 FY2024 FY2025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash (TWD mln)

-2 500 000-2 000 000-1 500 000-1 000 000-500 00002023 FY2024 FY2025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2022–2025 operating cash flow came to 1.52x of reported net profit; after capex, 0.56x.
year2022202320242025
cash flow / profit1.62x1.46x1.58x1.34x
accruals, % of assets-12.4%-7.0%-10.0%-7.3%
Last twelve months (to 2026-06-30): 1.19x of profit came back as operating cash flow.
net debt / EBITDA -0.7x · capex 1.9x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +25.2%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (965 106 − 651 498) × 3.29
1 033 320
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (61 848 774 + -2 102 545) ÷ 3 179 971
18.8x
3. Target multiple
(Current EV/EBITDA + 10) ÷ 2
= (18.8 + 10) ÷ 2
14.4x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 715 905 + 0 + 0 − 0
715 905
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (1 033 320 × 14.4 + 715 905) ÷ 61 848 774
+25.2%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth steady →
Last-year revenue growth +32% vs +34% the year before — a -2.3 pp move. 3-year CAGR +19%.
revenue growth by year: 2023 -5% · 2024 +34% · 2025 +32%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-09-167 TWDEx-dividend: 7 TWD per sharePaidYahoo Finance (ex-div)
2026-06-116 TWDEx-dividend: 6 TWD per sharePaidYahoo Finance (ex-div)
2026-03-176 TWDEx-dividend: 6 TWD per sharePaidYahoo Finance (ex-div)
2025-12-115 TWDEx-dividend: 5 TWD per sharePaidYahoo Finance (ex-div)
2025-09-165 TWDEx-dividend: 5 TWD per sharePaidYahoo Finance (ex-div)
2025-06-124.5 TWDEx-dividend: 4.5 TWD per sharePaidYahoo Finance (ex-div)
2025-03-184.5 TWDEx-dividend: 4.5 TWD per sharePaidYahoo Finance (ex-div)
2024-12-123.9996 TWDEx-dividend: 3.9996 TWD per sharePaidYahoo Finance (ex-div)
2024-09-124.0001 TWDEx-dividend: 4.0001 TWD per sharePaidYahoo Finance (ex-div)
2024-06-133.4998 TWDEx-dividend: 3.4998 TWD per sharePaidYahoo Finance (ex-div)
2024-03-183.4998 TWDEx-dividend: 3.4998 TWD per sharePaidYahoo Finance (ex-div)
2023-12-143 TWDEx-dividend: 3 TWD per sharePaidYahoo Finance (ex-div)
2023-09-143 TWDEx-dividend: 3 TWD per sharePaidYahoo Finance (ex-div)
2023-06-152.7498 TWDEx-dividend: 2.7498 TWD per sharePaidYahoo Finance (ex-div)
2023-03-162.7498 TWDEx-dividend: 2.7498 TWD per sharePaidYahoo Finance (ex-div)
2022-12-152.75 TWDEx-dividend: 2.75 TWD per sharePaidYahoo Finance (ex-div)
2022-09-152.75 TWDEx-dividend: 2.75 TWD per sharePaidYahoo Finance (ex-div)
2022-06-162.75 TWDEx-dividend: 2.75 TWD per sharePaidYahoo Finance (ex-div)
2022-03-162.75 TWDEx-dividend: 2.75 TWD per sharePaidYahoo Finance (ex-div)
2021-12-162.75 TWDEx-dividend: 2.75 TWD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of TSMC (2330) — from primary filings.

Frequently asked questions

What is TSMC (2330)'s P/E ratio?
TSMC (2330) trades at a P/E of 27.9x (price to trailing 12-month earnings).
What is TSMC (2330)'s EV/EBITDA?
TSMC (2330) trades at 18.8x EV/EBITDA.
What is TSMC (2330)'s P/B ratio?
TSMC (2330) trades at a P/B of 11.5x.
What is TSMC (2330)'s dividend yield?
TSMC (2330)'s trailing 12-month dividend yield is 1.0%.
What is TSMC (2330)'s return on equity (ROE)?
TSMC (2330)'s ROE is 45.9%.
What is TSMC (2330)'s market capitalization?
TSMC (2330)'s market cap is 61848.8 bn TWD.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map