TSMC(NYSE:TSM) Stock price trend forecast and trading range:
Updated to: 2023.1.11
(Note: The upper red line in the picture is the resistance, and the lower red line is the support)
Analysis from stock chart
—————————————————————-
Short-term trend: bullish
Sell high and buy low of range : $78 – $83
Support: $73 resistance: $83 Stop Loss Price: $78 price target: $83 Buy the position again: stop fall
Medium-term trend: neutral
High sell low buy range: $78 – $90
Support: $73 resistance: $90 Stop Loss price: $75 price target: $90 Buy the position again: stop fall
Long-term trend: bearish
High sell low buy of range: $73 – $95
Support : $73 resistance: $95 Stop Loss price: $73 price target : $95 Buy the position again: stop fall
From Analysis from financial statements:
January 12, 2023 revenue of NT$625.53 billion, market expected NT$636.02 billion, net income of NT$295.90 billion, the market expects NT$287.8 billion, and diluted earnings per share of NT$11.41 (US$1.82 per ADR unit) for the fourth quarter ended December 31, 2022.
Historical Forecast Record:
Key Quote Data:
52 Week Range: 59.09-134.47
P/E Ratio(TTM): 13.76
EPS(TTM): $5.38
Market Cap: $395.38 B
Beta: 1.04
Div Amount: $0.429
Number of employees: 65931 historical data
Summary of recent financial statements
January 12, 2023 revenue of NT$625.53 billion, market expected NT$636.02 billion, net income of NT$295.90 billion, the market expects NT$287.8 billion, and diluted earnings per share of NT$11.41 (US$1.82 per ADR unit) for the fourth quarter ended December 31, 2022.
Year-over-year, fourth quarter revenue increased 42.8% while net income and diluted EPS both increased 78.0%. Compared to third quarter 2022, fourth quarter results represented a 2.0% increase in revenue and a 5.4% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.
In US dollars, fourth quarter revenue was $19.93 billion, which increased 26.7% year-over-year but decreased 1.5% from the previous quarter.
Gross margin for the quarter was 62.2%, operating margin was 52.0%, and net profit margin was 47.3%.
In the fourth quarter, shipments of 5-nanometer accounted for 32% of total wafer revenue; 7-nanometer accounted for 22%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 54% of total wafer revenue.
business outlook：
Revenue is expected to be between US$16.7 billion and US$17.5 billion; And, based on the exchange rate assumption of 1 US dollar to 30.7 NT dollars,Gross profit margin is expected to be between 53.5% and 55.5%; Operating profit margin is expected to be between 41.5% and 43.5%.
The management further expects the 2023 capital budget to be between US$32 billion and US$36 billion.
Sales are expected to be $16.7 billion to $17.5 billion in the first quarter of 2023; Gross margin is expected to be 53.5%-55.5%, market estimate is 55.1%; operating profit ratio is expected to be 41.5% to 43.5%, market estimate 43.6%; capital expenditure is expected to be $32 billion-$36 billion in 2023, and the market is expected to be $34.86 billion.
TSMC’S CEO SAID THAT TSMC IS PREPARING TO MASS-PRODUCE 2NM CHIPS IN 2025 AND IS CONSIDERING BUILDING AN AUTOMOTIVE CHIP FACTORY IN EUROPE.
TSMC(NYSE:TSM) Consolidated Condensed Statements of Comprehensive Income
About TSMC(NYSE:TSM)
TSMC pioneered the pure-play foundry business model when it was founded in 1987, and has been the world’s leading dedicated semiconductor foundry ever since. The Company supports a thriving ecosystem of global customers and partners with the industry’s leading process technologies and portfolio of design enablement solutions to unleash innovation for the global semiconductor industry. With global operations spanning Asia, Europe, and North America, TSMC serves as a committed corporate citizen around the world.
TSMC deployed 291 distinct process technologies, and manufactured 12,302 products for 535 customers in 2021 by providing broadest range of advanced, specialty and advanced packaging technology services. TSMC is the first foundry to provide 5-nanometer production capabilities, the most advanced semiconductor process technology available in the world. The Company is headquartered in Hsinchu, Taiwan. For more information please visit https://www.tsmc.com.