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 TSM may be interesting for canslim investors.

• TSM has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 56.89% increase. This indicates improving financial performance and the company’s effective management of its operations.
• TSM has demonstrated strong q2q revenue growth of 38.84%, suggesting a favorable trend in the company’s financials and indicating the potential for continued expansion.
• The 3-year EPS growth of TSM (25.28%) highlights the company’s ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
• With a favorable Return on Equity (ROE) of 27.36%, TSM demonstrates its ability to deliver attractive returns for shareholders. This metric highlights the company’s effective management of assets and its profitability.
• The Relative Strength (RS) of TSM has been consistently solid, with a current 83.96 rating. This highlights the stock’s ability to exhibit sustained price strength and signifies its competitive advantage.
• At a Debt/Equity ratio of 0.22, TSM seems well-positioned to sustain growth while keeping debt in check.
• With institutional shareholders at 36.98%, TSM 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.

Technical analysis of TSM

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

Overall TSM gets a technical rating of 3 out of 10. Although TSM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

• TSM is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 90% of 108 stocks in the same industry.
• Looking at the yearly performance, TSM did better than 83% of all other stocks. However, we also see that TSM couldn’t keep up this performance in the last couple of months.
• 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.

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

Zooming in on the fundamentals.

ChartMill assigns a Fundamental Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple 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 has a great profitability rating, there are some minor concerns on its financial health. TSM is valued quite expensively, but it does show have an excellent growth rating. With these ratings, TSM could be worth investigating further for growth investing!.

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

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.