Why the growth investor may take a look at NYSE:TSM.

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if TAIWAN SEMICONDUCTOR-SP ADR (NYSE:TSM) is suited for growth investing. Investors should of course do their own research, but we spotted TAIWAN SEMICONDUCTOR-SP ADR showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

Why NYSE:TSM may be interesting for canslim investors.

• TAIWAN SEMICONDUCTOR-SP ADR has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 56.89% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• TAIWAN SEMICONDUCTOR-SP ADR has demonstrated strong quarter-to-quarter (Q2Q) revenue growth of 38.84%, reflecting its ability to generate consistent increases in sales. This growth highlights the company's effective market positioning and its potential for continued success.
• TAIWAN SEMICONDUCTOR-SP ADR has achieved 25.28% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• TAIWAN SEMICONDUCTOR-SP ADR showcases a robust Return on Equity (ROE) of 27.36%, indicating its ability to generate favorable returns for shareholders. This metric underscores the company's efficiency in utilizing its equity capital to generate profits.
• The Relative Strength (RS) of TAIWAN SEMICONDUCTOR-SP ADR has consistently been strong, with a current 88.03 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. TAIWAN SEMICONDUCTOR-SP ADR demonstrates promising potential for sustained price momentum.
• TAIWAN SEMICONDUCTOR-SP ADR maintains a healthy Debt-to-Equity ratio of 0.22. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
• With institutional shareholders at 37.06%, TAIWAN SEMICONDUCTOR-SP ADR demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.

What is the technical picture of NYSE:TSM telling us.

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Overall TSM gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• When comparing the yearly performance of all stocks, we notice that TSM is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, TSM also shows a nice and consistent pattern of rising prices.
• TSM is part of the Semiconductors & Semiconductor Equipment industry. There are 108 other stocks in this industry. TSM outperforms 83% of them.
• TSM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TSM is lagging the market slightly.
• In the last month TSM has a been trading in the 187.66 - 226.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

What else is there to say on the fundamentals of NYSE:TSM?

At ChartMill, a crucial aspect of their analysis is the assignment of a Fundamental Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous fundamental indicators and properties.

Taking everything into account, TSM scores 6 out of 10 in our fundamental rating. TSM was compared to 108 industry peers in the Semiconductors & Semiconductor Equipment industry. While TSM belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. TSM is valued quite expensive, but it does show an excellent growth. With these ratings, TSM could be worth investigating further for growth investing!.

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

More growth stocks can be found in our CANSLIM screen.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.