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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 19.6 vs avg 14.0)

Sector: Contract chipmaking

TW_2330

Price chart

2 485 TWDDay 0.61%

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
2 485 TWD · 0.61%
Market cap
64442.0 bn TWD

Growth

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

Multiples

P/E (LTM)
29.1x
3y avg: 23.9x
P/B (FY)
12.0x
P/E (ann.)
22.8x
EV/EBITDA (LTM)
19.6x
3y avg: 14.0x
EV/EBITDA (ann.)
16.1x

Cash return

Dividend yield
0.9%
FCF yield (LTM)
1.1%

Value creation

fundamental value/yr, % of market cap
Value created / year
+24.9%
↓ details

Liquidity

Daily turnover (listing)
20.3 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%2023 FY2024 FY2025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF (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: +24.8%

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)
= (64 442 014 + -2 102 545) ÷ 3 179 971
19.6x
3. Target multiple
(Current EV/EBITDA + 10) ÷ 2
= (19.6 + 10) ÷ 2
14.8x
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 × 14.8 + 715 905) ÷ 64 442 014
+24.8%

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
2026-06-116 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)
2021-09-162.75 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 29.1x (price to trailing 12-month earnings).
What is TSMC (2330)'s EV/EBITDA?
TSMC (2330) trades at 19.6x EV/EBITDA.
What is TSMC (2330)'s P/B ratio?
TSMC (2330) trades at a P/B of 12.0x.
What is TSMC (2330)'s dividend yield?
TSMC (2330)'s trailing 12-month dividend yield is 0.9%.
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 64442.0 bn TWD.

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