WallStSmart

Taiwan Semiconductor Manufacturing (TSM)vsViaSat Inc (VSAT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Taiwan Semiconductor Manufacturing generates 88341% more annual revenue ($4.10T vs $4.64B). TSM leads profitability with a 46.5% profit margin vs -0.7%. VSAT appears more attractively valued with a PEG of 0.26. 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: 3.85

VSAT

Buy

51

out of 100

Grade: C-

Growth: 8.0Profit: 2.5Value: 8.3Quality: 5.0
Piotroski: 5/9Altman Z: 0.71
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

TSMUndervalued (+49.5%)

Margin of Safety

+49.5%

Fair Value

$839.44

Current Price

$415.17

$424.27 discount

UndervaluedFair: $839.44Overvalued
VSATUndervalued (+72.3%)

Margin of Safety

+72.3%

Fair Value

$163.77

Current Price

$67.18

$96.59 discount

UndervaluedFair: $163.77Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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

VSAT3 strengths · Avg: 8.7/10
PEG RatioValuation
0.2610/10

Growing faster than its price suggests

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

EPS GrowthGrowth
35.7%8/10

Earnings expanding 35.7% YoY

Areas to Watch

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

VSAT4 concerns · Avg: 2.8/10
Revenue GrowthGrowth
2.1%4/10

2.1% revenue growth

Debt/EquityHealth
1.493/10

Elevated debt levels

Return on EquityProfitability
-7.4%2/10

ROE of -7.4% — below average capital efficiency

Altman Z-ScoreHealth
0.712/10

Distress zone — elevated risk

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 : VSAT

The strongest argument for VSAT centers on PEG Ratio, Price/Book, EPS Growth. PEG of 0.26 suggests the stock is reasonably priced for its growth.

Bear Case : TSM

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

Bear Case : VSAT

The primary concerns for VSAT are Revenue Growth, Debt/Equity, Return on Equity.

Key Dynamics to Monitor

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

VSAT carries more volatility with a beta of 1.72 — 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 51/100), backed by strong 46.5% margins and 35.1% revenue growth. VSAT offers better value entry with a 72.3% margin of safety. 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.

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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ViaSat Inc

TECHNOLOGY · COMMUNICATION EQUIPMENT · USA

Viasat, Inc. provides worldwide broadband and communications products and services. The company is headquartered in Carlsbad, California.

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