COMP <GO>
FIG vs TSM // EV/EBITDA & P/E VALUATION
Figma Inc. (NYSE) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: FIG 6
— TSM 6
■ METRIC PARITY
LAST: $21.65 (-3.00%) • MKT CAP: $11.90B
valuation
—
LAST: $406.13 (-5.95%) • MKT CAP: $2.24T
valuation
14.9x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (FIG VS. TSM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | FIG | TSM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 82.40% | 62.00% | +20.40 | FIG | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -35.00% | 14.90% | -49.90 | TSM | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 14.9x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 2.07% | 3.99% | -1.92 | TSM | /fcf-yield <GO> |
| Operating Margin | -60.00% | 21.10% | -81.10 | TSM | /operating-margins <GO> |
| Net Profit Margin | -60.00% | 16.40% | -76.40 | TSM | /net-margins <GO> |
| Revenue Growth (YoY) | 41.00% | -3.30% | +44.30 | FIG | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 6.93 | 3.87 | +3.06 | FIG | /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 | FIG | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 44.0 | 38.3 | +5.69 | FIG | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.32 | 1.42 | -0.10 | TSM | /macro-sensitivity <GO> |
| Forward P/E Multiple | 20.0x | 20.2x | -0.20 | FIG | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $11.90B | $2.24T | -$2.23T | TSM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | FIG REV | TSM REV | FIG GROSS % | TSM GROSS % | FIG FCF | TSM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.06B | — | 82.4% | — | $246.2M | — |
| FY 2024 | $749.0M | — | 88.3% | — | -$63.7M | — |
| FY 2023 | $504.9M | — | 44.0% | — | $1.02B | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
FIG // BETA 1.32
TSM // BETA 1.42