COMP <GO>
AAOI vs TSM // ALTMAN Z-SCORE & DEBT/EQUITY
Applied Optoelectronics Inc. (NASDAQ) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: AAOI 3
— TSM 10
▲ ALTMAN Z-SCORE & DEBT/EQUITY LEADER: AAOI
LAST: $69.05 (-12.80%) • MKT CAP: $6.72B
balance-sheet
9.36
LAST: $406.13 (-5.95%) • MKT CAP: $2.24T
balance-sheet
3.87
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (AAOI VS. TSM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | AAOI | TSM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 30.00% | 62.00% | -32.00 | TSM | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -8.00% | 14.90% | -22.90 | TSM | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | 14.9x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -5.26% | 3.99% | -9.25 | TSM | /fcf-yield <GO> |
| Operating Margin | -12.00% | 21.10% | -33.10 | TSM | /operating-margins <GO> |
| Net Profit Margin | -8.40% | 16.40% | -24.80 | TSM | /net-margins <GO> |
| Revenue Growth (YoY) | 82.80% | -3.30% | +86.10 | AAOI | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity ACTIVE | 9.36 | 3.87 | +5.49 | AAOI | /balance-sheet <GO> |
| Piotroski F-Score Quality | 4/9 | 7/9 | -3.00 | TSM | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 8.00% | 8.30% | -0.30 | AAOI | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 36.2 | 38.3 | -2.16 | TSM | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.32 | 1.42 | -0.10 | TSM | /macro-sensitivity <GO> |
| Forward P/E Multiple | 22.0x | 20.2x | +1.80 | TSM | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $6.72B | $2.24T | -$2.23T | TSM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | AAOI REV | TSM REV | AAOI GROSS % | TSM GROSS % | AAOI FCF | TSM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $455.7M | — | 30.0% | — | -$353.6M | — |
| FY 2024 | $249.4M | — | 24.8% | — | -$112.9M | — |
| FY 2023 | $217.6M | — | 44.0% | — | -$17.7M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
AAOI // BETA 1.32
TSM // BETA 1.42