Taiwan Semiconductor Manufacturing Stock Buy Recommendation Reiterated (TSM)
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- The revenue growth greatly exceeded the industry average of 17.0%. Since the same quarter one year prior, revenues rose by 31.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- TSM's debt-to-equity ratio is very low at 0.16 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.43, which illustrates the ability to avoid short-term cash problems.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, TAIWAN SEMICONDUCTOR MFG CO's return on equity exceeds that of both the industry average and the S&P 500.
- The gross profit margin for TAIWAN SEMICONDUCTOR MFG CO is currently very high, coming in at 74.70%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 31.69% significantly outperformed against the industry average.
- Net operating cash flow has increased to $2,997.59 million or 22.83% when compared to the same quarter last year. In addition, TAIWAN SEMICONDUCTOR MFG CO has also vastly surpassed the industry average cash flow growth rate of -56.72%.
--Written by a member of TheStreet Ratings Staff. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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