Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

Taiwan Semiconductor Manufacturing Company Limited (TSFA.F)

Company Dividend Discount ModelIndustry: SemiconductorsSector: Technology

Valuation Snapshot

Stable Growth$6,335.72 - $30,425.36$13,734.75
Multi-Stage$3,385.95 - $3,703.78$3,541.96
Blended Fair Value$8,638.35
Current Price$8,480.33
Upside1.86%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.96%16.66%35.0028.1327.5025.6225.0025.0020.0017.5015.0011.25
YoY Growth--24.45%2.27%7.32%2.50%0.00%25.00%14.29%16.67%33.34%50.01%
Dividend Yield--0.64%0.63%0.97%0.86%0.75%1.71%1.57%1.39%1.51%1.33%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,586,819.13
(-) Cash Dividends Paid (M)440,849.82
(=) Cash Retained (M)1,145,969.31
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)317,363.83198,352.39119,011.43
Cash Retained (M)1,145,969.311,145,969.311,145,969.31
(-) Cash Required (M)-317,363.83-198,352.39-119,011.43
(=) Excess Retained (M)828,605.48947,616.921,026,957.87
(/) Shares Outstanding (M)10,372.2210,372.2210,372.22
(=) Excess Retained per Share79.8991.3699.01
LTM Dividend per Share42.5042.5042.50
(+) Excess Retained per Share79.8991.3699.01
(=) Adjusted Dividend122.39133.86141.51
WACC / Discount Rate7.54%7.54%7.54%
Growth Rate5.50%6.50%7.50%
Fair Value$6,335.72$13,734.75$30,425.36
Upside / Downside-25.29%61.96%258.78%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,586,819.131,689,962.371,799,809.931,916,797.572,041,389.412,174,079.722,239,302.12
Payout Ratio27.78%40.23%52.67%65.11%77.56%90.00%92.50%
Projected Dividends (M)440,849.82679,797.27947,945.311,248,080.441,583,228.071,956,671.752,071,354.46

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.54%7.54%7.54%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)626,210.52632,146.17638,081.81
Year 2 PV (M)804,387.23819,708.55835,174.40
Year 3 PV (M)975,585.661,003,591.211,032,127.67
Year 4 PV (M)1,140,006.311,183,847.731,228,941.68
Year 5 PV (M)1,297,844.591,360,530.971,425,616.50
PV of Terminal Value (M)30,275,808.6131,738,141.4933,256,441.28
Equity Value (M)35,119,842.9236,737,966.1238,416,383.35
Shares Outstanding (M)10,372.2210,372.2210,372.22
Fair Value$3,385.95$3,541.96$3,703.78
Upside / Downside-60.07%-58.23%-56.33%

High-Yield Dividend Screener

« Prev Page 34 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
BILI-A.STBilia AB (publ)4.58%$6.0877.85%
SHA.AXSHAPE Australia Corporation Limited4.58%$0.2863.86%
SUTHA.BKGolden Lime Public Company Limited4.58%$0.1279.88%
YUASA.BKYuasa Battery (Thailand) Public Company Limited4.58%$0.6126.69%
001323.SZDe Rucci Healthy Sleep Co., Ltd.4.57%$1.1972.11%
FNAC.PAFnac Darty S.A.4.57%$1.3429.18%
CRSU.PACaisse Régionale de Crédit Agricole Mutuel Sud Rhône Alpes4.56%$8.7019.97%
ELIN.ATElinoil Hellenic Petroleum Company S.A.4.56%$0.1127.16%
000596.SZAnhui Gujing Distillery Co., Ltd.4.55%$6.0467.48%
002483.SZJiangsu Rainbow Heavy Industries Co., Ltd.4.55%$0.3263.40%
002746.SZShandong Xiantan Co., Ltd.4.55%$0.2882.68%
NSL-R.BKNSL Foods Public Company Limited4.55%$1.0551.73%
600350.SSShandong Hi-speed Company Limited4.54%$0.4464.80%
7463.TAdvan Group Co., Ltd.4.54%$41.5719.08%
SEGMN.ISSegmen Kardesler Gid Urt Ve Amblj Sny AS4.54%$0.8469.37%
005180.KSBinggrae Co., Ltd.4.53%$3,299.7936.30%
6873.TWHD Renewable Energy Co., Ltd.4.53%$4.5378.62%
300193.SZShenzhen Jasic Technology Co.,Ltd.4.52%$0.4081.71%
5904.TWOPOYA International Co., Ltd.4.52%$20.1875.14%
600282.SSNanjing Iron & Steel Co., Ltd.4.52%$0.2454.66%
603689.SSAnhui Province Natural Gas DevelopmentCo.,Ltd.4.52%$0.3769.94%
688036.SSShenzhen Transsion Holdings Co., Ltd.4.52%$2.9990.95%
ALCLA.PAClasquin S.A.4.52%$6.4148.30%
023000.KSSAMWONSTEEL Co.,Ltd.4.51%$108.3244.46%
0QNM.LAdecco Group AG4.51%$1.0462.86%
9539.SRAqaseem Factory for Chemicals and Plastics Co.4.51%$0.2165.70%
DUI.AXDiversified United Investment Limited4.51%$0.2470.80%
SLIGR.ASSligro Food Group N.V.4.51%$0.47100.00%
032640.KSLG Uplus Corp.4.50%$650.0160.09%
4165.SRAl Majed Oud Co.4.50%$6.0082.11%
000411.SZZhejiang Int'l Group Co.,Ltd.4.49%$0.5761.70%
002543.SZGuangdong Vanward New Electric Co., Ltd.4.49%$0.4649.41%
003070.KSKolon Global Corporation4.49%$401.8773.73%
601665.SSQilu Bank Co., Ltd.4.49%$0.2628.78%
BSANTANDER.SNBanco Santander-Chile4.49%$3.1956.12%
GPW.WAGielda Papierów Wartosciowych w Warszawie S.A.4.49%$2.9966.28%
SHUR.BRShurgard Self Storage S.A.4.49%$1.3113.81%
044450.KSKSS Line Ltd.4.48%$397.8627.45%
0OR2.LLNA Santé S.A.4.48%$1.1025.22%
2731.TWLion Travel Service Co., Ltd.4.48%$7.4848.12%
4104.TWExcelsior Medical Co., Ltd.4.48%$3.6277.21%
7167.KLAble Global Berhad4.48%$0.0731.97%
7593.TVt Holdings Co.,Ltd.4.48%$24.0056.43%
0IPY.LAubay S.A.4.47%$2.5247.60%
3020.SRYamama Saudi Cement Company4.47%$1.0650.72%
3114.TWOHowteh Technology Co., Ltd.4.47%$1.1951.28%
CCEPCoca-Cola Europacific Partners PLC4.47%$3.9457.53%
CMCanadian Imperial Bank of Commerce4.47%$4.1147.39%
QIIK.QAQatar International Islamic Bank (Q.P.S.C)4.47%$0.5158.75%
1515.HKChina Resources Medical Holdings Company Limited4.46%$0.1423.71%