WallStSmart

Everspin Technologies Inc (MRAM)vsTaiwan Semiconductor Manufacturing (TSM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Taiwan Semiconductor Manufacturing generates 7107986% more annual revenue ($4.44T vs $62.47M). TSM leads profitability with a 49.9% profit margin vs -4.2%. TSM earns a higher WallStSmart Score of 86/100 (A).

MRAM

Avoid

27

out of 100

Grade: F

Growth: 4.7Profit: 2.0Value: 4.0Quality: 7.5
Piotroski: 2/9Altman Z: 1.73

TSM

Exceptional Buy

86

out of 100

Grade: A

Growth: 9.3Profit: 10.0Value: 7.3Quality: 9.0
Piotroski: 6/9Altman Z: 3.85
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

MRAMSignificantly Overvalued (-39.6%)

Margin of Safety

-39.6%

Fair Value

$7.95

Current Price

$16.22

$8.27 premium

UndervaluedFair: $7.95Overvalued
TSMUndervalued (+50.6%)

Margin of Safety

+50.6%

Fair Value

$889.36

Current Price

$433.24

$456.12 discount

UndervaluedFair: $889.36Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MRAM2 strengths · Avg: 10.0/10
Revenue GrowthGrowth
41.9%10/10

Revenue surging 41.9% year-over-year

Debt/EquityHealth
0.0410/10

Conservative balance sheet, low leverage

TSM6 strengths · Avg: 10.0/10
Market CapQuality
$2.22T10/10

Mega-cap, among the largest globally

Return on EquityProfitability
34.9%10/10

Every $100 of equity generates 35 in profit

Profit MarginProfitability
49.9%10/10

Keeps 50 of every $100 in revenue as profit

Operating MarginProfitability
60.3%10/10

Strong operational efficiency at 60.3%

Revenue GrowthGrowth
36.0%10/10

Revenue surging 36.0% year-over-year

EPS GrowthGrowth
77.4%10/10

Earnings expanding 77.4% YoY

Areas to Watch

MRAM4 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.734/10

Distress zone — elevated risk

Market CapQuality
$385.95M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Return on EquityProfitability
-3.6%2/10

ROE of -3.6% — below average capital efficiency

TSM2 concerns · Avg: 3.0/10
P/E RatioValuation
31.8x4/10

Premium valuation, high expectations priced in

Price/BookValuation
88.6x2/10

Trading at 88.6x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : MRAM

The strongest argument for MRAM centers on Revenue Growth, Debt/Equity. Revenue growth of 41.9% demonstrates continued momentum.

Bull Case : TSM

The strongest argument for TSM centers on Market Cap, Return on Equity, Profit Margin. Profitability is solid with margins at 49.9% and operating margin at 60.3%. Revenue growth of 36.0% demonstrates continued momentum.

Bear Case : MRAM

The primary concerns for MRAM are Altman Z-Score, Market Cap, Piotroski F-Score.

Bear Case : TSM

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

Key Dynamics to Monitor

MRAM profiles as a hypergrowth stock while TSM is a growth play — different risk/reward profiles.

MRAM carries more volatility with a beta of 1.92 — expect wider price swings.

MRAM is growing revenue faster at 41.9% — sustainability is the question.

TSM generates stronger free cash flow (287.4B), providing more financial flexibility.

Bottom Line

TSM scores higher overall (86/100 vs 27/100), backed by strong 49.9% margins and 36.0% revenue growth. Both earn "Exceptional Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Everspin Technologies Inc

TECHNOLOGY · SEMICONDUCTORS · USA

Everspin Technologies, Inc. manufactures and sells Random Access Magnetoresistive Memory (MRAM) products in the United States, Hong Kong, Japan, China, Germany, and internationally. The company is headquartered in Chandler, Arizona.

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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