WallStSmart

Taiwan Semiconductor Manufacturing (TSM)vsVaronis Systems (VRNS)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Taiwan Semiconductor Manufacturing generates 658070% more annual revenue ($4.10T vs $623.53M). TSM leads profitability with a 46.5% profit margin vs -20.7%. TSM appears more attractively valued with a PEG of 1.22. TSM earns a higher WallStSmart Score of 84/100 (A-).

TSM

Exceptional Buy

84

out of 100

Grade: A-

Growth: 9.3Profit: 10.0Value: 6.7Quality: 9.0
Piotroski: 6/9Altman Z: 3.86

VRNS

Avoid

28

out of 100

Grade: F

Growth: 5.3Profit: 2.0Value: 5.7Quality: 4.3
Piotroski: 3/9Altman Z: 0.18
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

TSMUndervalued (+72.4%)

Margin of Safety

+72.4%

Fair Value

$1396.69

Current Price

$396.06

$1000.63 discount

UndervaluedFair: $1396.69Overvalued
VRNSUndervalued (+60.5%)

Margin of Safety

+60.5%

Fair Value

$66.55

Current Price

$26.50

$40.05 discount

UndervaluedFair: $66.55Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

TSM6 strengths · Avg: 10.0/10
Market CapQuality
$2.04T10/10

Mega-cap, among the largest globally

Return on EquityProfitability
36.2%10/10

Every $100 of equity generates 36 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

VRNS0 strengths · Avg: 0/10

No standout strengths identified

Areas to Watch

TSM2 concerns · Avg: 3.0/10
P/E RatioValuation
33.7x4/10

Premium valuation, high expectations priced in

Price/BookValuation
60.6x2/10

Trading at 60.6x book value

VRNS4 concerns · Avg: 2.8/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
7.382/10

Expensive relative to growth rate

Return on EquityProfitability
-24.5%2/10

ROE of -24.5% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

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.

Bull Case : VRNS

VRNS has a balanced fundamental profile.

Bear Case : TSM

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

Bear Case : VRNS

The primary concerns for VRNS are EPS Growth, Piotroski F-Score, PEG Ratio.

Key Dynamics to Monitor

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

TSM carries more volatility with a beta of 1.25 — 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 28/100), backed by strong 46.5% margins and 35.1% revenue growth. VRNS offers better value entry with a 60.5% margin of safety. 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.

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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Varonis Systems

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Varonis Systems (VRNS) is a prominent leader in the cybersecurity sector, offering sophisticated data security and analytics solutions that safeguard sensitive information across both on-premises and cloud infrastructures. With a strong emphasis on machine learning and behavioral analytics, Varonis enables organizations to proactively detect and mitigate potential data risks while ensuring compliance with evolving regulatory requirements. Catering to a wide array of industries, the company has established itself as an essential partner for enterprises navigating the complexities of data protection in an increasingly hostile cyber environment. As demand for comprehensive data security solutions continues to surge, Varonis stands poised for robust growth in a rapidly expanding market.

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