COMP <GO>
SHOP vs TSM // 10Y YIELD & FRED MACRO BETA
Shopify Inc. Class A Subordinate Voting Shares (NASDAQ) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: SHOP 5
— TSM 9
▲ 10Y YIELD & FRED MACRO BETA LEADER: TSM
LAST: $157.49 (-5.63%) • MKT CAP: $216.26B
macro-sensitivity
1.22
LAST: $406.13 (-5.95%) • MKT CAP: $2.24T
macro-sensitivity
1.42
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (SHOP VS. TSM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | SHOP | TSM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 48.10% | 62.00% | -13.90 | TSM | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 6.70% | 14.90% | -8.20 | TSM | /roic <GO> |
| EV/EBITDA & P/E Valuation | 95.0x | 14.9x | +80.10 | TSM | /valuation <GO> |
| Free Cash Flow Yield | 0.93% | 3.99% | -3.06 | TSM | /fcf-yield <GO> |
| Operating Margin | 12.70% | 21.10% | -8.40 | TSM | /operating-margins <GO> |
| Net Profit Margin | 10.70% | 16.40% | -5.70 | TSM | /net-margins <GO> |
| Revenue Growth (YoY) | 30.10% | -3.30% | +33.40 | SHOP | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 19.69 | 3.87 | +15.82 | SHOP | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 7/9 | +1.00 | SHOP | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 7.60% | 8.30% | -0.70 | SHOP | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 44.6 | 38.3 | +6.27 | SHOP | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta ACTIVE | 1.22 | 1.42 | -0.20 | TSM | /macro-sensitivity <GO> |
| Forward P/E Multiple | 140.0x | 20.2x | +119.80 | TSM | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $216.26B | $2.24T | -$2.02T | TSM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | SHOP REV | TSM REV | SHOP GROSS % | TSM GROSS % | SHOP FCF | TSM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $11.56B | — | 48.1% | — | $2.01B | — |
| FY 2024 | $8.88B | — | 50.4% | — | $1.60B | — |
| FY 2023 | $7.06B | — | 44.0% | — | $626.3M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
SHOP // BETA 1.22
TSM // BETA 1.42