WallStSmart

Impinj Inc (PI)vsTaiwan Semiconductor Manufacturing (TSM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Taiwan Semiconductor Manufacturing generates 1136564% more annual revenue ($4.10T vs $361.05M). TSM leads profitability with a 46.5% profit margin vs -7.7%. TSM earns a higher WallStSmart Score of 84/100 (A-).

PI

Avoid

26

out of 100

Grade: F

Growth: 6.0Profit: 2.0Value: 4.0Quality: 5.5
Piotroski: 4/9Altman Z: 0.44

TSM

Exceptional Buy

84

out of 100

Grade: A-

Growth: 9.3Profit: 10.0Value: 6.7Quality: 9.0
Piotroski: 6/9Altman Z: 3.85
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

PISignificantly Overvalued (-30.8%)

Margin of Safety

-30.8%

Fair Value

$81.75

Current Price

$120.93

$39.18 premium

UndervaluedFair: $81.75Overvalued
TSMUndervalued (+49.5%)

Margin of Safety

+49.5%

Fair Value

$839.44

Current Price

$415.17

$424.27 discount

UndervaluedFair: $839.44Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

PI0 strengths · Avg: 0/10

No standout strengths identified

TSM6 strengths · Avg: 10.0/10
Market CapQuality
$2.18T10/10

Mega-cap, among the largest globally

Return on EquityProfitability
32.8%10/10

Every $100 of equity generates 33 in profit

Profit MarginProfitability
46.5%10/10

Keeps 47 of every $100 in revenue as profit

Operating MarginProfitability
58.1%10/10

Strong operational efficiency at 58.1%

Revenue GrowthGrowth
35.1%10/10

Revenue surging 35.1% year-over-year

EPS GrowthGrowth
58.4%10/10

Earnings expanding 58.4% YoY

Areas to Watch

PI4 concerns · Avg: 3.3/10
Price/BookValuation
18.1x4/10

Trading at 18.1x book value

Revenue GrowthGrowth
0.0%4/10

0.0% revenue growth

Debt/EquityHealth
1.303/10

Elevated debt levels

Return on EquityProfitability
-13.6%2/10

ROE of -13.6% — below average capital efficiency

TSM2 concerns · Avg: 3.0/10
P/E RatioValuation
36.2x4/10

Premium valuation, high expectations priced in

Price/BookValuation
63.5x2/10

Trading at 63.5x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : PI

PI has a balanced fundamental profile.

Bull Case : TSM

The strongest argument for TSM centers on Market Cap, Return on Equity, Profit Margin. Profitability is solid with margins at 46.5% and operating margin at 58.1%. Revenue growth of 35.1% demonstrates continued momentum.

Bear Case : PI

The primary concerns for PI are Price/Book, Revenue Growth, Debt/Equity.

Bear Case : TSM

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

Key Dynamics to Monitor

PI profiles as a turnaround stock while TSM is a growth play — different risk/reward profiles.

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

TSM is growing revenue faster at 35.1% — sustainability is the question.

TSM generates stronger free cash flow (377.1B), providing more financial flexibility.

Bottom Line

TSM scores higher overall (84/100 vs 26/100), backed by strong 46.5% margins and 35.1% 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.

Impinj Inc

TECHNOLOGY · SEMICONDUCTORS · USA

Impinj, Inc. operates a cloud connectivity platform. The company is headquartered in Seattle, Washington.

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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