Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Taiwan Semiconductor Manufacturing Company Limited (TSFA.F)

Company Dividend Discount ModelIndustry: SemiconductorsSector: Technology

Valuation Snapshot

Stable Growth$10,698.28 - $30,425.36$28,513.02
Multi-Stage$4,193.99 - $4,591.09$4,388.89
Blended Fair Value$16,450.95
Current Price$8,480.33
Upside93.99%
DecisionBuy

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 Rate6.71%6.71%6.71%
Growth Rate5.50%6.50%7.50%
Fair Value$10,698.28$28,513.02$30,425.36
Upside / Downside26.15%236.23%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 Rate6.71%6.71%6.71%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)631,087.57637,069.44643,051.31
Year 2 PV (M)816,965.45832,526.35848,234.05
Year 3 PV (M)998,557.771,027,222.771,056,431.17
Year 4 PV (M)1,175,937.671,221,160.921,267,676.16
Year 5 PV (M)1,349,177.231,414,343.001,482,002.81
PV of Terminal Value (M)38,529,241.6940,390,218.4742,322,419.21
Equity Value (M)43,500,967.3745,522,540.9447,619,814.70
Shares Outstanding (M)10,372.2210,372.2210,372.22
Fair Value$4,193.99$4,388.89$4,591.09
Upside / Downside-50.54%-48.25%-45.86%

High-Yield Dividend Screener

« Prev Page 77 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
EFN-PA.TOElement Fleet Management Corp.1.77%$0.4438.48%
RMS.AXRamelius Resources Limited1.77%$0.0712.68%
RSTIP.MERosseti, Public Joint Stock Company1.77%$0.025.65%
TRIThomson Reuters Corporation1.77%$2.2457.46%
UFOE.JKPT Damai Sejahtera Abadi Tbk1.77%$3.2616.08%
002073.SZMesnac Co., Ltd.1.76%$0.1431.34%
068290.KSSamsung Publishing Co., Ltd1.76%$199.5321.01%
0EWR.Linit innovation in traffic systems SE1.76%$0.8047.67%
300923.SZYeal Electric Co.,Ltd1.76%$0.4571.34%
600019.SSBaoshan Iron & Steel Co., Ltd.1.76%$0.1329.23%
600176.SSChina Jushi Co., Ltd.1.76%$0.3034.66%
603225.SSXinfengming Group Co., Ltd.1.76%$0.3448.02%
7269.TSuzuki Motor Corporation1.76%$41.0219.60%
7556.TWOYeedex Electronic Corporation1.76%$2.9043.54%
AWRD.STAwardit AB (publ)1.76%$2.3082.26%
AXSAXIS Capital Holdings Limited1.76%$1.8414.40%
KCR.HEKonecranes Plc1.76%$1.6533.86%
SY1.DESymrise AG1.76%$1.2033.09%
VINTE.MXVinte Viviendas Integrales, S.A.B. de C.V.1.76%$0.5714.97%
002350.KSNexen Tire Corporation1.75%$130.258.28%
003019.SZTES Touch Embedded Solutions (Xiamen) Co., Ltd.1.75%$0.5854.54%
300951.SZShenzhen Bsc Technology Co.,Ltd.1.75%$0.6051.92%
301156.SZShanghai Menon Animal Nutrition Technology Co., Ltd.1.75%$0.3173.33%
3242.TUrbanet Corporation Co.,Ltd.1.75%$10.029.72%
603045.SSFuda Alloy Materials Co.,Ltd1.75%$0.3478.02%
7512.TAeon Hokkaido Corporation1.75%$15.9769.82%
ICC.BKI.C.C. International Public Company Limited1.75%$0.4329.50%
IMD.AXImdex Limited1.75%$0.0637.34%
KRI.ATKri-Kri Milk Industry S.A.1.75%$0.3541.81%
PEAB-B.STPeab AB (publ)1.75%$1.5126.14%
SIMP.JKPT Salim Ivomas Pratama Tbk1.75%$10.008.73%
001820.KSSAMWHA CAPACITOR Co.,LTD1.74%$525.0939.85%
006260.KSLS Corp.1.74%$3,619.1044.44%
006880.KSSingsong Holdings Co.,Ltd.1.74%$119.6228.35%
030520.KQHancom Inc.1.74%$409.9476.57%
243070.KQHuons Co., Ltd.1.74%$475.6315.69%
300488.SZEST Tools Co., Ltd1.74%$0.5763.18%
300787.SZAnfu CE LINK Limited1.74%$0.2056.29%
316140.KSWoori Financial Group Inc.1.74%$487.0211.05%
603817.SSFujian Haixia Environmental Protection Group Co.,Ltd.1.74%$0.1232.99%
603885.SSJuneyao Airlines Co., Ltd1.74%$0.2676.13%
688566.SSJiangsu Jibeier Pharmaceutical Co., Ltd.1.74%$0.5242.91%
CRLA.PACaisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative1.74%$1.417.62%
IVG.MIIveco Group N.V.1.74%$0.3327.33%
LTX.WALentex S.A.1.74%$0.1231.81%
MICE.JKPT Multi Indocitra Tbk1.74%$10.0013.08%
1334.HKRuichang Intl1.73%$0.0276.84%
4689.TLY Corporation1.73%$7.2024.40%
603926.SSZhejiang Tieliu Clutch Co., Ltd.1.73%$0.3066.82%
688533.SSSuzhou Sonavox Electronics Co., Ltd.1.73%$0.5045.54%