COMP <GO>
DOCU vs TSM // ALTMAN Z-SCORE & DEBT/EQUITY
DocuSign Inc. (NASDAQ) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: DOCU 6
— TSM 7
▲ ALTMAN Z-SCORE & DEBT/EQUITY LEADER: DOCU
LAST: $82.17 (+0.77%) • MKT CAP: $15.24B
balance-sheet
4.18
LAST: $406.13 (-5.95%) • MKT CAP: $2.24T
balance-sheet
3.87
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (DOCU VS. TSM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | DOCU | TSM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 79.40% | 62.00% | +17.40 | DOCU | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 10.30% | 14.90% | -4.60 | TSM | /roic <GO> |
| EV/EBITDA & P/E Valuation | 40.1x | 14.9x | +25.20 | TSM | /valuation <GO> |
| Free Cash Flow Yield | 6.95% | 3.99% | +2.96 | DOCU | /fcf-yield <GO> |
| Operating Margin | 9.30% | 21.10% | -11.80 | TSM | /operating-margins <GO> |
| Net Profit Margin | 9.60% | 16.40% | -6.80 | TSM | /net-margins <GO> |
| Revenue Growth (YoY) | 8.20% | -3.30% | +11.50 | DOCU | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity ACTIVE | 4.18 | 3.87 | +0.31 | DOCU | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 7/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 8.00% | 8.30% | -0.30 | DOCU | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 63.8 | 38.3 | +25.43 | DOCU | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.31 | 1.42 | -0.11 | TSM | /macro-sensitivity <GO> |
| Forward P/E Multiple | 45.8x | 20.2x | +25.60 | TSM | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $15.24B | $2.24T | -$2.22T | TSM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | DOCU REV | TSM REV | DOCU GROSS % | TSM GROSS % | DOCU FCF | TSM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $3.22B | — | 79.4% | — | $1.06B | — |
| FY 2024 | $2.98B | — | 79.1% | — | $920.3M | — |
| FY 2023 | $2.76B | — | 44.0% | — | $855.2M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
DOCU // BETA 1.31
TSM // BETA 1.42