WallStSmart

Nayax Ltd (NYAX)vsTaiwan Semiconductor Manufacturing (TSM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Taiwan Semiconductor Manufacturing generates 951134% more annual revenue ($3.81T vs $400.43M). TSM leads profitability with a 45.1% profit margin vs 8.9%. TSM trades at a lower P/E of 31.5x. TSM earns a higher WallStSmart Score of 82/100 (A-).

NYAX

Buy

51

out of 100

Grade: C-

Growth: 10.0Profit: 6.5Value: 3.0Quality: 6.0
Piotroski: 4/9Altman Z: 1.58

TSM

Exceptional Buy

82

out of 100

Grade: A-

Growth: 8.7Profit: 10.0Value: 6.0Quality: 9.0
Piotroski: 6/9Altman Z: 3.86
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NYAXSignificantly Overvalued (-28.0%)

Margin of Safety

-28.0%

Fair Value

$44.93

Current Price

$54.03

$9.10 premium

UndervaluedFair: $44.93Overvalued
TSMUndervalued (+20.4%)

Margin of Safety

+20.4%

Fair Value

$484.85

Current Price

$326.74

$158.11 discount

UndervaluedFair: $484.85Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NYAX2 strengths · Avg: 10.0/10
Revenue GrowthGrowth
34.3%10/10

Revenue surging 34.3% year-over-year

EPS GrowthGrowth
688.0%10/10

Earnings expanding 688.0% YoY

TSM6 strengths · Avg: 10.0/10
Market CapQuality
$1.69T10/10

Mega-cap, among the largest globally

Return on EquityProfitability
35.1%10/10

Every $100 of equity generates 35 in profit

Profit MarginProfitability
45.1%10/10

Keeps 45 of every $100 in revenue as profit

Operating MarginProfitability
53.9%10/10

Strong operational efficiency at 53.9%

Free Cash FlowQuality
$388.17B10/10

Generating 388.2B in free cash flow

Altman Z-ScoreHealth
3.8610/10

Safe zone — low bankruptcy risk

Areas to Watch

NYAX3 concerns · Avg: 3.3/10
Price/BookValuation
8.6x4/10

Trading at 8.6x book value

Altman Z-ScoreHealth
1.584/10

Distress zone — elevated risk

P/E RatioValuation
56.3x2/10

Premium valuation, high expectations priced in

TSM2 concerns · Avg: 3.0/10
P/E RatioValuation
31.5x4/10

Premium valuation, high expectations priced in

Price/BookValuation
50.0x2/10

Trading at 50.0x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : NYAX

The strongest argument for NYAX centers on Revenue Growth, EPS Growth. Revenue growth of 34.3% 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 45.1% and operating margin at 53.9%. Revenue growth of 20.5% demonstrates continued momentum.

Bear Case : NYAX

The primary concerns for NYAX are Price/Book, Altman Z-Score, P/E Ratio. A P/E of 56.3x leaves little room for execution misses.

Bear Case : TSM

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

Key Dynamics to Monitor

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

TSM carries more volatility with a beta of 1.28 — expect wider price swings.

NYAX is growing revenue faster at 34.3% — sustainability is the question.

TSM generates stronger free cash flow (388.2B), providing more financial flexibility.

Bottom Line

TSM scores higher overall (82/100 vs 51/100), backed by strong 45.1% margins and 20.5% revenue growth. Both earn "Exceptional Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Nayax Ltd

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Nayax Ltd (NYSE: NYAX) is a leading global provider of cashless payment and management solutions specifically designed for the unattended retail sector, which includes vending machines and kiosks. The company leverages cutting-edge technology and advanced data analytics to enhance customer experiences and deliver critical real-time insights to operators, facilitating improved inventory management and operational efficiency. As a key player in the transition towards automation and cashless transactions, Nayax offers a compelling investment opportunity for institutional investors looking to capitalize on growth within the rapidly changing unattended retail market. With its comprehensive platform encompassing payment processing, telemetry, and customer engagement, Nayax is well-positioned to drive innovation and growth in this dynamic industry.

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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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