Advanced Micro Devices, Inc. (AMD) vs Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Advanced Micro Devices, Inc. and Taiwan Semiconductor Manufacturing Company Ltd. are both Semiconductors companies. Taiwan Semiconductor Manufacturing Company Ltd. is the larger, with a market value of $2.36T against $1.05T — 2.2× the size. Taiwan Semiconductor Manufacturing Company Ltd. trades at the lower P/E: 32.5× against 160×. Advanced Micro Devices, Inc. grew revenue faster over the last twelve months: 39.5% against 35.6%. Taiwan Semiconductor Manufacturing Company Ltd. has the higher net margin (49.9% vs 15.6%) and the higher return on invested capital (39.7% vs 7.07%). Across the 22 metrics below, Taiwan Semiconductor Manufacturing Company Ltd. leads on 16 and Advanced Micro Devices, Inc. on 6.

Valuation

Metric AMD TSM Semiconductors median
P/E 159.65 32.51 49.41
P/S 24.92 16.50 8.58
P/B 15.31 11.39 5.49
Price to free cash flow 122.71 65.78 47.02
EV/EBITDA 107.13 22.33 30.78
EV/Sales 24.68 15.93 8.79
Earnings yield 0.63% 3.08% 0.62%
Free cash flow yield 0.81% 1.52% 0.59%

Profitability

Metric AMD TSM Semiconductors median
Gross margin 53.20% 64.20% 52.25%
Operating margin 15.71% 56.05% 4.85%
Net margin 15.58% 49.88% 4.77%
Free cash flow margin 20.31% 25.08% 8.65%
Return on equity 10.14% 39.78% 3.11%
Return on assets 8.08% 26.93% 1.91%
Return on invested capital 7.07% 39.72% 2.46%

Growth

Metric AMD TSM Semiconductors median
Revenue growth (TTM) 39.54% 35.61% 16.66%
EPS growth (last fiscal year) 165.00% 51.28% —
Revenue growth, 5-year CAGR 28.82% 20.55% 5.60%
Net income growth, 5-year CAGR 11.73% 24.37% 0.00%

Health

Metric AMD TSM Semiconductors median
Debt to equity 0.05 0.16 0.05
Current ratio 2.61 2.46 3.35
Net debt to EBITDA (1.09) (0.79) 0.58

Dividend

Metric AMD TSM Semiconductors median
Dividend yield — 1.64% 1.93%
Payout ratio 0.00 0.30 0.00

Size

Metric AMD TSM Semiconductors median
Market cap 1.05t 2.36t 5.67b

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