Taiwan Semiconductor Manufacturing Company Limited (TSM)

Taiwan Semiconductor Manufacturing Company Limited (TSM) — VMCI valuation read

Taiwan Semiconductor Manufacturing Company Limited (TSM) carries a VMCI composite of 61/100, 11 points above the Technology sector median of 50. Among mid-cap names, that gap places TSM in the top third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).

The TSM insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.

**Investor frame.** Value reads TSM trades at 26.0x earnings, 44% above the Technology median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Technology 12.0x. Quality: ROIC of 10.0% sits 0.0pp above the Technology median (10.0%). Risk: net debt to EBITDA of -0.1x leaves covenant headroom, the line to track on Taiwan Semiconductor Manufacturing Company Limited's next 10-Q.

TSM fell 0.6% over the trailing 7 days, with a -0.5% read on a 30-day basis.