Taiwan Semiconductor Manufacturing Company (TSMC) (TSM, Financial) released its financial report, revealing a significant net profit increase for the fiscal year 2024. The company reported a net profit of $36.53 billion, marking a 35.80% year-over-year growth. Operating revenue reached $90.116 billion, a 29.94% increase from the previous year. Basic earnings per share were not disclosed.
From the balance sheet perspective, TSMC's total liabilities stood at $72.24 billion, with short-term debt amounting to $1.826 billion. The company maintains a debt-to-asset ratio of 0.01 and a current ratio of 2.45, indicating strong liquidity.
As of January 18, 2025, eleven institutions have provided target price forecasts for TSMC, with an average target of $245.61. The lowest target price is $215.00, while the highest is $265.00.
TSMC, established in 1987, is the world's largest dedicated semiconductor foundry, holding a market share of over 58% as calculated by Gartner in 2020. Listed on the U.S. stock market as ADRs in 1997, TSMC's scale and advanced technology enable it to generate stable operating profits amidst fierce competition. The shift to a fabless business model has further benefited TSMC, attracting renowned clients such as Apple, AMD, and Nvidia, who utilize cutting-edge process technology for their semiconductor designs.
