WallStSmart

Taiwan Semiconductor Manufacturing (TSM)vsTTM Technologies Inc (TTMI)

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Smart Verdict

WallStSmart Research — data-driven comparison

Taiwan Semiconductor Manufacturing generates 141105% more annual revenue ($4.10T vs $2.91B). TSM leads profitability with a 46.5% profit margin vs 6.1%. TTMI appears more attractively valued with a PEG of 0.36. TSM earns a higher WallStSmart Score of 84/100 (A-).

TSM

Exceptional Buy

84

out of 100

Grade: A-

Growth: 9.3Profit: 10.0Value: 6.7Quality: 9.0
Piotroski: 6/9Altman Z: 3.86

TTMI

Buy

61

out of 100

Grade: C+

Growth: 8.0Profit: 5.5Value: 6.7Quality: 6.5
Piotroski: 4/9Altman Z: 2.13
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

TSMUndervalued (+72.4%)

Margin of Safety

+72.4%

Fair Value

$1399.41

Current Price

$396.06

$1003.35 discount

UndervaluedFair: $1399.41Overvalued
TTMIUndervalued (+29.1%)

Margin of Safety

+29.1%

Fair Value

$129.58

Current Price

$137.50

$7.92 discount

UndervaluedFair: $129.58Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

TSM6 strengths · Avg: 10.0/10
Market CapQuality
$2.04T10/10

Mega-cap, among the largest globally

Return on EquityProfitability
36.2%10/10

Every $100 of equity generates 36 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

TTMI3 strengths · Avg: 9.3/10
PEG RatioValuation
0.3610/10

Growing faster than its price suggests

EPS GrowthGrowth
828.0%10/10

Earnings expanding 828.0% YoY

Revenue GrowthGrowth
19.0%8/10

19.0% revenue growth

Areas to Watch

TSM2 concerns · Avg: 3.0/10
P/E RatioValuation
33.7x4/10

Premium valuation, high expectations priced in

Price/BookValuation
60.6x2/10

Trading at 60.6x book value

TTMI4 concerns · Avg: 2.8/10
Price/BookValuation
8.1x4/10

Trading at 8.1x book value

Profit MarginProfitability
6.1%3/10

6.1% margin — thin

P/E RatioValuation
81.8x2/10

Premium valuation, high expectations priced in

Free Cash FlowQuality
$-6.46M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

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.

Bull Case : TTMI

The strongest argument for TTMI centers on PEG Ratio, EPS Growth, Revenue Growth. Revenue growth of 19.0% demonstrates continued momentum. PEG of 0.36 suggests the stock is reasonably priced for its growth.

Bear Case : TSM

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

Bear Case : TTMI

The primary concerns for TTMI are Price/Book, Profit Margin, P/E Ratio. A P/E of 81.8x leaves little room for execution misses.

Key Dynamics to Monitor

TTMI carries more volatility with a beta of 1.76 — expect wider price swings.

TSM is growing revenue faster at 35.1% — sustainability is the question.

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

Monitor SEMICONDUCTORS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

TSM scores higher overall (84/100 vs 61/100), backed by strong 46.5% margins and 35.1% revenue growth. TTMI offers better value entry with a 29.1% margin of safety. Both earn "Exceptional Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

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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TTM Technologies Inc

TECHNOLOGY · ELECTRONIC COMPONENTS · USA

TTM Technologies, Inc., manufactures and sells printed circuit boards (PCBs) worldwide. The company is headquartered in Santa Ana, California.

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