(CHT) Chunghwa Telecom - Overview
Sector: Communication Services | Industry: Telecom Services | Exchange: NYSE (USA) | Market Cap: 33.993m USD | Total Return: 2.4% in 12m
Avg Turnover: 5.23M
EPS Trend: -37.4%
Qual. Beats: 0
Rev. Trend: -14.2%
Qual. Beats: -1
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Chunghwa Telecom Co., Ltd. (CHT) is the leading integrated telecommunications provider in Taiwan, offering mobile, fixed-line, and information and communication technology (ICT) services. The company operates through four primary segments: Consumer, Enterprise, International, and Others. Its portfolio includes broadband access, satellite services, cloud computing, and cybersecurity solutions such as advanced network defense systems.
As an integrated operator, Chunghwa Telecom benefits from a business model that emphasizes high barriers to entry due to the extensive physical infrastructure required for nationwide fiber and mobile coverage. The company maintains a dominant market position in Taiwans fixed-line sector, which often serves as a stable foundation for cross-selling data and ICT services to enterprise clients. Investors can find further data on these revenue streams at ValueRay.
Headquartered in Taipei, the company also functions as a hardware distributor, selling mobile handsets and wearable devices through a multi-channel retail network. Since its incorporation in 1996, it has expanded its international footprint to provide interconnection and data communication services globally.
- 5G penetration rates drive higher average revenue per user in mobile segment
- Expansion of ICT and cloud services offsets legacy fixed-line revenue declines
- Geopolitical tensions in the Taiwan Strait influence institutional investor risk premiums
- Government ownership and regulatory oversight limit aggressive capital allocation strategies
- High dividend payout ratio attracts income-focused investors during global market volatility
| Net Income: 29.2b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -0.22 > 1.0 |
| NWC/Revenue: 28.81% < 20% (prev 19.90%; Δ 8.92% < -1%) |
| CFO/TA 0.14 > 3% & CFO 75.9b > Net Income 29.2b |
| Net Debt (-15.4b) to EBITDA (67.4b): -0.23 < 3 |
| Current Ratio: 1.64 > 1.5 & < 3 |
| Outstanding Shares: last quarter (802.3m) vs 12m ago 3.25% < -2% |
| Gross Margin: 36.03% > 18% (prev 0.36%; Δ 3.57k% > 0.5%) |
| Asset Turnover: 33.47% > 50% (prev 42.79%; Δ -9.32% > 0%) |
| Interest Coverage Ratio: 133.3 > 6 (EBITDA TTM 67.4b / Interest Expense TTM 286.3m) |
| A: 0.10 (Total Current Assets 134b - Total Current Liabilities 81.8b) / Total Assets 548b |
| B: 0.13 (Retained Earnings 69.5b / Total Assets 548b) |
| C: 0.07 (EBIT TTM 38.2b / Avg Total Assets 542b) |
| D: 1.83 (Book Value of Equity 249b / Total Liabilities 136b) |
| Altman-Z'' = 3.43 = A |
| DSRI: 1.60 (Receivables 40.2b/31.9b, Revenue 182b/230b) |
| GMI: 1.01 (GM 36.03% / 36.35%) |
| AQI: 0.98 (AQ_t 0.22 / AQ_t-1 0.22) |
| SGI: 0.79 (Revenue 182b / 230b) |
| TATA: -0.09 (NI 29.2b - CFO 75.9b) / TA 548b) |
| Beneish M = -2.78 (Cap -4..+1) = A |
As of May 25, 2026, the stock is trading at USD 43.68 with a total of 49,116 shares traded.
Over the past week, the price has changed by +0.90%,
over one month by +1.46%,
over three months by +0.30% and
over the past year by +2.37%.
Chunghwa Telecom has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold CHT.
- StrongBuy: 0
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 41.7 | -4.6% |
Market Cap TWD = 1070b (34.0b USD * 31.474 USD.TWD)
P/E Trailing = 27.7342
P/E Forward = 26.5252
P/S = 0.1415
P/B = 2.7241
P/EG = 1.6904
Revenue TTM = 182b TWD
EBIT TTM = 38.2b TWD
EBITDA TTM = 67.4b TWD
Long Term Debt = 23.3b TWD (from longTermDebt, last quarter)
Short Term Debt = 9.89b TWD (from shortTermDebt, last quarter)
Debt = 50.3b TWD (from shortLongTermDebtTotal, last quarter) + Leases 10.5b
Net Debt = -15.4b TWD (calculated: Debt 50.3b - CCE 65.7b)
Enterprise Value = 1055b TWD (1070b + Debt 50.3b - CCE 65.7b)
Interest Coverage Ratio = 133.3 (Ebit TTM 38.2b / Interest Expense TTM 286.3m)
EV/FCF = 22.04x (Enterprise Value 1055b / FCF TTM 47.9b)
FCF Yield = 4.54% (FCF TTM 47.9b / Enterprise Value 1055b)
FCF Margin = 26.36% (FCF TTM 47.9b / Revenue TTM 182b)
Net Margin = 16.09% (Net Income TTM 29.2b / Revenue TTM 182b)
Gross Margin = 36.03% ((Revenue TTM 182b - Cost of Revenue TTM 116b) / Revenue TTM)
Gross Margin QoQ = 36.88% (prev 33.63%)
Tobins Q-Ratio = 1.93 (Enterprise Value 1055b / Total Assets 548b)
Interest Expense / Debt = 0.57% (Interest Expense 286.3m / Debt 50.3b)
Taxrate = 19.52% (81.3m / 416.6m)
NOPAT = 30.7b (EBIT 38.2b * (1 - 19.52%))
Current Ratio = 1.64 (Total Current Assets 134b / Total Current Liabilities 81.8b)
Debt / Equity = 0.13 (Debt 50.3b / totalStockholderEquity, last quarter 396b)
Debt / EBITDA = -0.23 (Net Debt -15.4b / EBITDA 67.4b)
Debt / FCF = -0.32 (Net Debt -15.4b / FCF TTM 47.9b)
Total Stockholder Equity = 381b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.39% (Net Income 29.2b / Total Assets 548b)
RoE = 7.66% (Net Income TTM 29.2b / Total Stockholder Equity 381b)
RoCE = 9.43% (EBIT 38.2b / Capital Employed (Equity 381b + L.T.Debt 23.3b))
RoIC = 6.47% (NOPAT 30.7b / Invested Capital 475b)
WACC = 6.26% (E(1070b)/V(1120b) * Re(6.53%) + D(50.3b)/V(1120b) * Rd(0.57%) * (1-Tc(0.20)))
Discount Rate = 6.53% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -13.48 | Cagr: 1.45%
[DCF] Terminal Value 75.36% ; FCFF base≈48.0b ; Y1≈47.9b ; Y5≈50.3b
[DCF] Fair Price = 1.03k (EV 783b - Net Debt -15.4b = Equity 798b / Shares 775.7m; r=8.35% [WACC [floored]]; 5y FCF grow -0.57% → 2.50% )
EPS Correlation: -37.42 | EPS CAGR: -12.14% | SUE: 0.00 | # QB: 0
Revenue Correlation: -14.18 | Revenue CAGR: -1.07% | SUE: -2.10 | # QB: -1
EPS current Year (2026-12-31): EPS=1.66 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+5.3% | GrowthRev=+3.9%