COMP <GO>
VERX vs TSM // EV/EBITDA & P/E VALUATION
Vertex Inc. (Class A) (NASDAQ) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: VERX 3
— TSM 5
■ METRIC PARITY
LAST: $14.86 (+0.34%) • MKT CAP: $2.41B
valuation
—
LAST: $431.81 (-1.75%) • MKT CAP: $2.24T
valuation
14.9x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (VERX VS. TSM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | VERX | TSM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 64.30% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 0.70% | 14.90% | -14.20 | TSM | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 14.9x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 6.87% | 3.99% | +2.88 | VERX | /fcf-yield <GO> |
| Operating Margin | 0.30% | 21.10% | -20.80 | TSM | /operating-margins <GO> |
| Net Profit Margin | 1.00% | 16.40% | -15.40 | TSM | /net-margins <GO> |
| Revenue Growth (YoY) | 12.20% | -3.30% | +15.50 | VERX | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.96 | 3.87 | -1.91 | TSM | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 7/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 70.2 | 49.4 | +20.81 | VERX | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 1.42 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 20.2x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $2.41B | $2.24T | -$2.24T | TSM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | VERX REV | TSM REV | VERX GROSS % | TSM GROSS % | VERX FCF | TSM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $748.4M | — | 64.3% | — | $165.5M | — |
| FY 2024 | $666.8M | — | 63.9% | — | $164.8M | — |
| FY 2023 | $572.4M | — | — | — | $74.3M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
VERX // BETA —
TSM // BETA 1.42