COMP <GO>
GDYN vs TSM // EV/EBITDA & P/E VALUATION
Grid Dynamics Holdings Inc. (Class A) (NASDAQ) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: GDYN 4
— TSM 6
■ METRIC PARITY
LAST: $13.36 (+40.78%) • MKT CAP: $769.9M
valuation
—
LAST: $406.13 (-5.95%) • MKT CAP: $2.24T
valuation
14.9x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (GDYN VS. TSM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | GDYN | TSM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 34.60% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -0.70% | 14.90% | -15.60 | TSM | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 14.9x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 3.28% | 3.99% | -0.71 | TSM | /fcf-yield <GO> |
| Operating Margin | -0.50% | 21.10% | -21.60 | TSM | /operating-margins <GO> |
| Net Profit Margin | 2.30% | 16.40% | -14.10 | TSM | /net-margins <GO> |
| Revenue Growth (YoY) | 17.50% | -3.30% | +20.80 | GDYN | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 7.94 | 3.87 | +4.07 | GDYN | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 7/9 | +1.00 | GDYN | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 54.6 | 49.4 | +5.20 | GDYN | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 1.42 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 66.9x | 20.2x | +46.70 | TSM | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $769.9M | $2.24T | -$2.24T | TSM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | GDYN REV | TSM REV | GDYN GROSS % | TSM GROSS % | GDYN FCF | TSM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $411.8M | — | 34.6% | — | $25.3M | — |
| FY 2024 | $350.6M | — | 36.2% | — | $18.4M | — |
| FY 2023 | $312.9M | — | — | — | $41.1M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
GDYN // BETA —
TSM // BETA 1.42