TSM Taiwan Semiconductor Manufacturing — Ten-Year Valuation Model (Excel)

A ten-year valuation model of TSMC (NYSE: TSM, ADR) in Excel. Revenue is built from wafer capacity × utilization × ASP by process node, with CoWoS advanced-packaging capacity modeled separately; value per share is stated per ADR. Every cell is a live formula — change an assumption and the whole model recalculates — and every number traces back to its source.

What's inside

• 25 sheets: industry TAM, company background, historical financials, quarterly results / balance sheet / ratio comparisons
• Four scenarios: Base / Bull / Bear / Tail, probability-weighted
• Two DCFs: Required-Return DCF and Maintenance-Capex DCF
• Reverse DCF: solves for the growth and margin assumptions implied by the current price
• SOTP, comparable-company valuation, sensitivity analysis
• Audit sheet: built-in reconciliation checks

Specifications

• Format: .xlsx (Microsoft Excel)
• Language: English and Traditional Chinese editions (both files included)
• Model date: 2026-10-06
• Instant download after payment (link on the order page and by email)

Disclaimer: This model is for educational and research purposes only and does not constitute investment advice or a recommendation, solicitation or offer to buy or sell any security. Outputs depend entirely on the stated assumptions and change when the assumptions change. Investing involves risk.