AMD vs TSM
Advanced Micro Devices Inc. Common Stock vs Taiwan Semiconductor Manufacturing Company Ltd.. Puntuaciones ACCE, valoración, rentabilidad y crecimiento, frente a frente.
$TSM vs $AMD: Taiwan Semi Wins on Quality and Value
$AMD's 1-year return of +323.8% is eye-catching, but the valuation math is brutal: a trailing P/E of 179.7 and EV/EBITDA of 107.32 leave almost no margin for error. ACCE's 6-model fair value puts $AMD at $162.52 — a -69.8% discount to its current price of $537.37. Analyst consensus sits at $487.90, itself below the current price.
$TSM tells a different story. Its ACCE score of 89/100 — versus $AMD's 70 — reflects a business that earns a 46.5% net margin, 36.2% ROE, and a remarkable 45.8% FCF yield. $AMD's comparable figures are 13.4%, 8.1%, and 0.8%. On valuation, $TSM trades at a forward P/E of 29.7 against $AMD's 76.9. Both stocks post strong growth — $TSM at +35.1% revenue and +58.4% earnings YoY — but $TSM delivers that growth at a fraction of the price.
Winner: $TSM. The quality gap is decisive. $AMD's momentum is real, but paying 107x EBITDA for 13% net margins when $TSM offers 46% margins and a perfect Quality score of 100 at a far more reasonable multiple is a straightforward call.