Taiwan Semiconductor Manufacturing Company Limited (TSFA.F)

Taiwan Semiconductor Manufacturing Company Limited (TSFA.F) — VMCI valuation read

Taiwan Semiconductor Manufacturing Company Limited sits at VMCI 63/100, with the Technology sector median at 50. That 13-point spread is the first thing to note on TSFA.F: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on TSFA.F are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on TSFA.F: TSFA.F trades at 26.0x earnings, 44% above the Technology median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 16.0% sits 6.0pp above the Technology median (10.0%). The Risk read: net debt to EBITDA of 0.7x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

TSFA.F rose 0.4% over the trailing 7 days, with a -14.4% read on a 30-day basis.