WallStSmart

Trio-Tech International (TRT)vsTaiwan Semiconductor Manufacturing (TSM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Taiwan Semiconductor Manufacturing generates 7033758% more annual revenue ($4.10T vs $58.34M). TSM leads profitability with a 46.5% profit margin vs 0.6%. TSM trades at a lower P/E of 36.2x. TSM earns a higher WallStSmart Score of 84/100 (A-).

TRT

Avoid

33

out of 100

Grade: F

Growth: 4.7Profit: 3.5Value: 3.0Quality: 8.5
Piotroski: 3/9Altman Z: 4.94

TSM

Exceptional Buy

84

out of 100

Grade: A-

Growth: 9.3Profit: 10.0Value: 6.7Quality: 9.0
Piotroski: 6/9Altman Z: 3.85
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

TRTSignificantly Overvalued (-72.4%)

Margin of Safety

-72.4%

Fair Value

$3.44

Current Price

$10.45

$7.01 premium

UndervaluedFair: $3.44Overvalued
TSMUndervalued (+49.5%)

Margin of Safety

+49.5%

Fair Value

$839.44

Current Price

$415.17

$424.27 discount

UndervaluedFair: $839.44Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

TRT4 strengths · Avg: 9.5/10
Revenue GrowthGrowth
123.6%10/10

Revenue surging 123.6% year-over-year

Debt/EquityHealth
0.1010/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.9410/10

Safe zone — low bankruptcy risk

Price/BookValuation
2.7x8/10

Reasonable price relative to book value

TSM6 strengths · Avg: 10.0/10
Market CapQuality
$2.18T10/10

Mega-cap, among the largest globally

Return on EquityProfitability
32.8%10/10

Every $100 of equity generates 33 in profit

Profit MarginProfitability
46.5%10/10

Keeps 47 of every $100 in revenue as profit

Operating MarginProfitability
58.1%10/10

Strong operational efficiency at 58.1%

Revenue GrowthGrowth
35.1%10/10

Revenue surging 35.1% year-over-year

EPS GrowthGrowth
58.4%10/10

Earnings expanding 58.4% YoY

Areas to Watch

TRT4 concerns · Avg: 3.0/10
Market CapQuality
$106.59M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
1.6%3/10

ROE of 1.6% — below average capital efficiency

Profit MarginProfitability
0.6%3/10

0.6% margin — thin

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

TSM2 concerns · Avg: 3.0/10
P/E RatioValuation
36.2x4/10

Premium valuation, high expectations priced in

Price/BookValuation
63.5x2/10

Trading at 63.5x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : TRT

The strongest argument for TRT centers on Revenue Growth, Debt/Equity, Altman Z-Score. Revenue growth of 123.6% demonstrates continued momentum.

Bull Case : TSM

The strongest argument for TSM centers on Market Cap, Return on Equity, Profit Margin. Profitability is solid with margins at 46.5% and operating margin at 58.1%. Revenue growth of 35.1% demonstrates continued momentum.

Bear Case : TRT

The primary concerns for TRT are Market Cap, Return on Equity, Profit Margin. A P/E of 210.8x leaves little room for execution misses. Thin 0.6% margins leave little buffer for downturns.

Bear Case : TSM

The primary concerns for TSM are P/E Ratio, Price/Book.

Key Dynamics to Monitor

TRT profiles as a hypergrowth stock while TSM is a growth play — different risk/reward profiles.

TRT carries more volatility with a beta of 1.92 — expect wider price swings.

TRT is growing revenue faster at 123.6% — sustainability is the question.

TSM generates stronger free cash flow (377.1B), providing more financial flexibility.

Bottom Line

TSM scores higher overall (84/100 vs 33/100), backed by strong 46.5% margins and 35.1% revenue growth. Both earn "Exceptional Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Trio-Tech International

TECHNOLOGY · SEMICONDUCTOR EQUIPMENT & MATERIALS · USA

Trio-Tech International provides manufacturing, testing and distribution services to the semiconductor industry. The company is headquartered in Van Nuys, California.

Taiwan Semiconductor Manufacturing

TECHNOLOGY · SEMICONDUCTORS · USA

Taiwan Semiconductor Manufacturing Company, Limited is a Taiwanese multinational semiconductor contract manufacturing and design company. It is one of Taiwan's largest companies, the world's most valuable semiconductor company, and the world's largest dedicated independent (pure-play) semiconductor foundry, with its headquarters and main operations located in the Hsinchu Science Park in Hsinchu, Taiwan. It is majority owned by foreign investors.

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