WallStSmart

Taiwan Semiconductor Manufacturing (TSM)vsWisekey International Holding AG (WKEY)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Taiwan Semiconductor Manufacturing generates 21275778% more annual revenue ($4.10T vs $19.29M). TSM leads profitability with a 46.5% profit margin vs -31.5%. 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

WKEY

Avoid

31

out of 100

Grade: F

Growth: 5.3Profit: 2.0Value: 4.0Quality: 9.0
Piotroski: 4/9Altman Z: 5.13
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
WKEYSignificantly Overvalued (-52.9%)

Margin of Safety

-52.9%

Fair Value

$4.61

Current Price

$8.87

$4.26 premium

UndervaluedFair: $4.61Overvalued

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

WKEY4 strengths · Avg: 9.8/10
Price/BookValuation
1.2x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
108.9%10/10

Revenue surging 108.9% year-over-year

Altman Z-ScoreHealth
5.1310/10

Safe zone — low bankruptcy risk

Debt/EquityHealth
0.219/10

Conservative balance sheet, low leverage

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

WKEY4 concerns · Avg: 2.8/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$85.79M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-62.7%2/10

ROE of -62.7% — below average capital efficiency

Free Cash FlowQuality
$-17.79M2/10

Negative free cash flow — burning cash

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 : WKEY

The strongest argument for WKEY centers on Price/Book, Revenue Growth, Altman Z-Score. Revenue growth of 108.9% demonstrates continued momentum.

Bear Case : TSM

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

Bear Case : WKEY

The primary concerns for WKEY are EPS Growth, Market Cap, Return on Equity.

Key Dynamics to Monitor

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

TSM carries more volatility with a beta of 1.25 — expect wider price swings.

WKEY is growing revenue faster at 108.9% — 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 31/100), 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.

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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Wisekey International Holding AG

TECHNOLOGY · SEMICONDUCTORS · USA

WISeKey International Holding AG, a cybersecurity company, offers integrated security solutions for the Internet of Things (IoT) and digital identity ecosystems in Switzerland, the rest of Europe, the Middle East, Africa, North America, Asia Pacific and Latin America. The company is headquartered in Zug, Switzerland.

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