TAIWAN SEMICONDUCTOR

2330
End-of-day quote. End-of-day quote  - 06/24
590TWD -0.84%
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2020 2021
Net sales1 1 339 2551 573 590
EBITDA1 898 5091 070 746
Operating profit (EBIT)1 566 784646 055
Operating Margin 42,3%41,1%
Pre-Tax Profit (EBT)1 584 777660 601
Net income1 517 885590 713
Net margin 38,7%37,5%
EPS2 20,022,8
Dividend per Share2 10,011,1
Announcement Date 01/14/2021-
1 TWD in Million
2 TWD
Finances - Leverage
Fiscal Period: December 2020 2021
Net Debt1 --
Net Cash position1 314 907251 821
Leverage (Debt / EBITDA) -0,35x-0,24x
Free Cash Flow1 315 430156 292
ROE (Net Profit / Equities) 29,8%28,8%
Shareholders' equity1 1 737 8692 051 073
ROA (Net Profit / Asset) 20,6%19,5%
Assets1 2 512 7613 035 791
Book Value Per Share2 71,384,3
Cash Flow per Share2 31,738,8
Capex1 507 239849 283
Capex / Sales 37,9%54,0%
Announcement Date 01/14/2021-
1 TWD in Million
2 TWD
Financial Ratios
Size 2021e 2022e
Capitalization 15 428 576 M TWD -
Entreprise Value (EV) 15 176 755 M TWD 15 288 289 M TWD
Valuation 2021e 2022e
P/E ratio (Price / EPS) 26,1x 23,0x
Capitalization / Revenue 9,80x 8,48x
EV / Revenue 9,64x 8,35x
EV / EBITDA 14,2x 12,0x
Yield (DPS / Price) 1,86% 2,05%
Price to book (Price / BVPS) 7,06x 6,01x
Profitability 2021e 2022e
Operating Margin (EBIT / Sales) 41,1% 40,9%
Operating Leverage (Delta EBIT / Delta Sales) 0,80x 0,98x
Net Margin (Net Profit / Revenue) 37,5% 36,8%
ROA (Net Profit / Asset) 19,5% 19,5%
ROE (Net Profit / Equities) 28,8% 28,0%
Rate of Dividend 48,6% 47,0%
Balance Sheet Analysis 2021e 2022e
CAPEX / Sales   54,0% 52,7%
Cash Flow / Sales 64,0% 63,7%
Capital Intensity (Assets / Sales) 1,93x 1,89x
Financial Leverage (Net Debt / EBITDA) - -
Price Earning Ratio
EPS & Dividend