COMP <GO>
CDNS vs TSM // EV/EBITDA & P/E VALUATION
Cadence Design Systems Inc. (NASDAQ) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: CDNS 8
— TSM 5
▲ EV/EBITDA & P/E VALUATION LEADER: TSM
LAST: $327.89 (-4.34%) • MKT CAP: $94.04B
valuation
58.0x
LAST: $406.13 (-5.95%) • MKT CAP: $2.24T
valuation
14.9x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (CDNS VS. TSM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | CDNS | TSM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 62.00% | 62.00% | 0.00 | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 15.70% | 14.90% | +0.80 | CDNS | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 58.0x | 14.9x | +43.10 | TSM | /valuation <GO> |
| Free Cash Flow Yield | 1.69% | 3.99% | -2.30 | TSM | /fcf-yield <GO> |
| Operating Margin | 28.20% | 21.10% | +7.10 | CDNS | /operating-margins <GO> |
| Net Profit Margin | 20.90% | 16.40% | +4.50 | CDNS | /net-margins <GO> |
| Revenue Growth (YoY) | 14.10% | -3.30% | +17.40 | CDNS | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 13.92 | 3.87 | +10.05 | CDNS | /balance-sheet <GO> |
| Piotroski F-Score Quality | 9/9 | 7/9 | +2.00 | CDNS | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 7.40% | 8.30% | -0.90 | CDNS | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 49.5 | 38.3 | +11.12 | CDNS | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.14 | 1.42 | -0.28 | TSM | /macro-sensitivity <GO> |
| Forward P/E Multiple | 71.2x | 20.2x | +51.00 | TSM | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $94.04B | $2.24T | -$2.15T | TSM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | CDNS REV | TSM REV | CDNS GROSS % | TSM GROSS % | CDNS FCF | TSM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $5.30B | — | 44.0% | — | $1.59B | — |
| FY 2024 | $4.64B | — | 44.0% | — | $1.12B | — |
| FY 2023 | $4.09B | — | 44.0% | — | $1.17B | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
CDNS // BETA 1.14
TSM // BETA 1.42