COMP <GO>
ADP vs TSM // ALTMAN Z-SCORE & DEBT/EQUITY
Automatic Data Processing Inc. (NASDAQ) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: ADP 8
— TSM 7
▲ ALTMAN Z-SCORE & DEBT/EQUITY LEADER: TSM
LAST: $293.84 (+2.71%) • MKT CAP: $113.36B
balance-sheet
1.77
LAST: $406.13 (-5.95%) • MKT CAP: $2.24T
balance-sheet
3.87
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ADP VS. TSM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | ADP | TSM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 46.00% | 62.00% | -16.00 | TSM | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 43.40% | 14.90% | +28.50 | ADP | /roic <GO> |
| EV/EBITDA & P/E Valuation | 19.9x | 14.9x | +5.00 | TSM | /valuation <GO> |
| Free Cash Flow Yield | 3.54% | 3.99% | -0.45 | TSM | /fcf-yield <GO> |
| Operating Margin | 24.20% | 21.10% | +3.10 | ADP | /operating-margins <GO> |
| Net Profit Margin | 19.80% | 16.40% | +3.40 | ADP | /net-margins <GO> |
| Revenue Growth (YoY) | 7.10% | -3.30% | +10.40 | ADP | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.12% | 0.00% | +2.12 | ADP | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity ACTIVE | 1.77 | 3.87 | -2.10 | TSM | /balance-sheet <GO> |
| Piotroski F-Score Quality | 9/9 | 7/9 | +2.00 | ADP | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 8.10% | 8.30% | -0.20 | ADP | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 59.2 | 38.3 | +20.85 | ADP | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.35 | 1.42 | -0.07 | TSM | /macro-sensitivity <GO> |
| Forward P/E Multiple | 25.9x | 20.2x | +5.70 | TSM | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $113.36B | $2.24T | -$2.13T | TSM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | ADP REV | TSM REV | ADP GROSS % | TSM GROSS % | ADP FCF | TSM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $20.56B | — | 46.0% | — | $4.01B | — |
| FY 2024 | $19.20B | — | 45.4% | — | $3.29B | — |
| FY 2023 | $18.01B | — | 44.0% | — | $3.40B | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
ADP // BETA 1.35
TSM // BETA 1.42