Unlocking the Growth Potential of TAIWAN SEMICONDUCTOR-SP ADR (NYSE:TSM).

In this article we will dive into TAIWAN SEMICONDUCTOR-SP ADR (NYSE:TSM) as a possible candidate for growth investing. Investors should always do their own research, but we noticed TAIWAN SEMICONDUCTOR-SP ADR showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Why TSM may be interesting for canslim investors.

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), TSM highlights its ability to generate increasing profitability, showcasing a 60.23% growth.
• The recent q2q revenue growth of 41.61% of TSM showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
• The EPS of TSM has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• TSM has achieved an impressive Return on Equity (ROE) of 28.69%, showcasing its ability to generate favorable returns for shareholders.
• The Relative Strength (RS) of TSM has been consistently solid, with a current 77.92 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage.
• A Debt/Equity ratio of 0.21 suggests that TSM is managing its debt levels responsibly.
• TSM demonstrates a balanced ownership structure, with institutional shareholders at 36.98%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

Technical Analysis Observations

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Overall TSM gets a technical rating of 4 out of 10. TSM has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.

• The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
• TSM is part of the Semiconductors & Semiconductor Equipment industry. There are 109 other stocks in this industry. TSM outperforms 85% of them.
• In the last month TSM has a been trading in the 134.25 - 180.65 range, which is quite wide. It is currently trading near the high of this range.
• When comparing the yearly performance of all stocks, we notice that TSM is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
• TSM is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
• Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Our latest full technical report of TSM contains the most current technical analsysis.

Fundamental Analysis Observations

ChartMill assigns a proprietary Fundamental Rating to each stock. The score is computed daily by evaluating various fundamental indicators and properties. The score ranges from 0 to 10.

We assign a fundamental rating of 6 out of 10 to TSM. TSM was compared to 109 industry peers in the Semiconductors & Semiconductor Equipment industry. TSM scores excellent on profitability, but there are some minor concerns on its financial health. TSM shows excellent growth, but is valued quite expensive already. These ratings could make TSM a good candidate for growth investing.

For an up to date full fundamental analysis you can check the fundamental report of TSM

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.