(CHT) Chunghwa Telecom - Overview
Exchange: NYSE •
Country: Taiwan •
Currency: USD •
Type: Common Stock •
ISIN: US17133Q5027
Stock: Mobile, Broadband, Voice, Cloud, Handsets
Total Rating 41
Risk 92
Buy Signal -0.67
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.67% |
| Yield on Cost 5y | 5.18% |
| Yield CAGR 5y | 1.85% |
| Payout Consistency | 94.0% |
| Payout Ratio | 79.5% |
| Risk 5d forecast | |
|---|---|
| Volatility | 12.5% |
| Relative Tail Risk | 0.09% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.54 |
| Alpha | 6.15 |
| Character TTM | |
|---|---|
| Beta | 0.171 |
| Beta Downside | 0.122 |
| Drawdowns 3y | |
|---|---|
| Max DD | 11.06% |
| CAGR/Max DD | 0.72 |
Description: CHT Chunghwa Telecom December 17, 2025
Chunghwa Telecom Co., Ltd. (NYSE:CHT) is Taiwan’s largest integrated telecommunications provider, operating through Consumer, Enterprise, International, and ancillary segments. It delivers mobile (pre-paid and post-paid), fixed-line (broadband, voice, leased line, video, satellite), and ICT services (cloud, CDN, advanced network defense, web-application firewall), and sells handsets and wearables via its own stores, online platform, and third-party retailers.
Key recent metrics: 2023 revenue reached NT$ 435 billion, with an EBITDA margin of roughly 38 %, and the firm reported a 5-year dividend yield of ~5 % – both above the Taiwan telecom average. The rollout of 5G has pushed mobile data ARPU up 6 % YoY, while Taiwan’s GDP growth of 2-3 % and rising enterprise digitalization are fueling demand for broadband and cloud services. Capital expenditures remain high, with NT$ 30 billion earmarked for network expansion and 5G densification in 2024, reflecting the sector’s capital-intensive nature.
For a deeper dive into CHT’s valuation nuances and scenario analysis, you might find ValueRay’s data tools useful.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 38.78b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -4.11 > 1.0 |
| NWC/Revenue: 14.10% < 20% (prev 14.44%; Δ -0.34% < -1%) |
| CFO/TA 0.09 > 3% & CFO 45.46b > Net Income 38.78b |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.50 > 1.5 & < 3 |
| Outstanding Shares: last quarter (774.2m) vs 12m ago -0.22% < -2% |
| Gross Margin: 32.33% > 18% (prev 0.36%; Δ 3197 % > 0.5%) |
| Asset Turnover: 45.06% > 50% (prev 42.87%; Δ 2.19% > 0%) |
| Interest Coverage Ratio: -232.4 > 6 (EBITDA TTM -27.88b / Interest Expense TTM 272.7m) |
Altman Z'' 3.64
| A: 0.06 (Total Current Assets 99.79b - Total Current Liabilities 66.52b) / Total Assets 513.10b |
| B: 0.25 (Retained Earnings 125.82b / Total Assets 513.10b) |
| C: -0.12 (EBIT TTM -63.37b / Avg Total Assets 523.79b) |
| D: 3.07 (Book Value of Equity 376.61b / Total Liabilities 122.67b) |
| Altman-Z'' Score: 3.64 = AA |
What is the price of CHT shares?
As of February 09, 2026, the stock is trading at USD 41.57 with a total of 325,639 shares traded.
Over the past week, the price has changed by -0.60%, over one month by -2.00%, over three months by -2.17% and over the past year by +11.95%.
Over the past week, the price has changed by -0.60%, over one month by -2.00%, over three months by -2.17% and over the past year by +11.95%.
Is CHT a buy, sell or hold?
Chunghwa Telecom has received a consensus analysts rating of 3.00.
Therefor, it is recommend to hold CHT.
- StrongBuy: 0
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the CHT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 41.7 | 0.2% |
| Analysts Target Price | 41.7 | 0.2% |
| ValueRay Target Price | 45.4 | 9.2% |
CHT Fundamental Data Overview February 08, 2026
P/E Trailing = 26.8194
P/E Forward = 26.3158
P/S = 0.1371
P/B = 2.7133
Revenue TTM = 236.02b USD
EBIT TTM = -63.37b USD
EBITDA TTM = -27.88b USD
Long Term Debt = 24.89b USD (from longTermDebt, two quarters ago)
Short Term Debt = 6.47b USD (from shortTermDebt, two quarters ago)
Debt = 38.58b USD (from shortLongTermDebtTotal, two quarters ago)
Net Debt = 802.1m USD (calculated as Total Debt 38.58b - CCE 37.78b)
Enterprise Value = 33.17b USD (32.37b + Debt 38.58b - CCE 37.78b)
Interest Coverage Ratio = -232.4 (Ebit TTM -63.37b / Interest Expense TTM 272.7m)
EV/FCF = 1.25x (Enterprise Value 33.17b / FCF TTM 26.58b)
FCF Yield = 80.12% (FCF TTM 26.58b / Enterprise Value 33.17b)
FCF Margin = 11.26% (FCF TTM 26.58b / Revenue TTM 236.02b)
Net Margin = 16.43% (Net Income TTM 38.78b / Revenue TTM 236.02b)
Gross Margin = 32.33% ((Revenue TTM 236.02b - Cost of Revenue TTM 159.72b) / Revenue TTM)
Gross Margin QoQ = 18.29% (prev 37.14%)
Tobins Q-Ratio = 0.06 (Enterprise Value 33.17b / Total Assets 513.10b)
Interest Expense / Debt = 0.24% (Interest Expense 91.1m / Debt 38.58b)
Taxrate = 23.97% (2.92b / 12.17b)
NOPAT = -48.19b (EBIT -63.37b * (1 - 23.97%)) [loss with tax shield]
Current Ratio = 1.50 (Total Current Assets 99.79b / Total Current Liabilities 66.52b)
Debt / Equity = 0.10 (Debt 38.58b / totalStockholderEquity, last quarter 390.43b)
Debt / EBITDA = -0.03 (negative EBITDA) (Net Debt 802.1m / EBITDA -27.88b)
Debt / FCF = 0.03 (Net Debt 802.1m / FCF TTM 26.58b)
Total Stockholder Equity = 382.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.40% (Net Income 38.78b / Total Assets 513.10b)
RoE = 10.15% (Net Income TTM 38.78b / Total Stockholder Equity 382.30b)
RoCE = -15.56% (EBIT -63.37b / Capital Employed (Equity 382.30b + L.T.Debt 24.89b))
RoIC = -11.74% (negative operating profit) (NOPAT -48.19b / Invested Capital 410.52b)
WACC = 3.08% (E(32.37b)/V(70.95b) * Re(6.54%) + D(38.58b)/V(70.95b) * Rd(0.24%) * (1-Tc(0.24)))
Discount Rate = 6.54% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 81.65 | Cagr: 0.06%
[DCF Debug] Terminal Value 86.66% ; FCFF base≈35.81b ; Y1≈37.02b ; Y5≈41.89b
Fair Price DCF = 1604 (EV 1244.91b - Net Debt 802.1m = Equity 1244.11b / Shares 775.7m; r=5.90% [WACC]; 5y FCF grow 3.47% → 2.90% )
EPS Correlation: -21.93 | EPS CAGR: -47.27% | SUE: -1.22 | # QB: 0
Revenue Correlation: 60.55 | Revenue CAGR: 7.14% | SUE: -0.00 | # QB: 0
EPS current Year (2026-12-31): EPS=1.66 | Chg30d=N/A | Revisions Net=+0 | Growth EPS=+0.0% | Growth Revenue=+3.4%
P/E Forward = 26.3158
P/S = 0.1371
P/B = 2.7133
Revenue TTM = 236.02b USD
EBIT TTM = -63.37b USD
EBITDA TTM = -27.88b USD
Long Term Debt = 24.89b USD (from longTermDebt, two quarters ago)
Short Term Debt = 6.47b USD (from shortTermDebt, two quarters ago)
Debt = 38.58b USD (from shortLongTermDebtTotal, two quarters ago)
Net Debt = 802.1m USD (calculated as Total Debt 38.58b - CCE 37.78b)
Enterprise Value = 33.17b USD (32.37b + Debt 38.58b - CCE 37.78b)
Interest Coverage Ratio = -232.4 (Ebit TTM -63.37b / Interest Expense TTM 272.7m)
EV/FCF = 1.25x (Enterprise Value 33.17b / FCF TTM 26.58b)
FCF Yield = 80.12% (FCF TTM 26.58b / Enterprise Value 33.17b)
FCF Margin = 11.26% (FCF TTM 26.58b / Revenue TTM 236.02b)
Net Margin = 16.43% (Net Income TTM 38.78b / Revenue TTM 236.02b)
Gross Margin = 32.33% ((Revenue TTM 236.02b - Cost of Revenue TTM 159.72b) / Revenue TTM)
Gross Margin QoQ = 18.29% (prev 37.14%)
Tobins Q-Ratio = 0.06 (Enterprise Value 33.17b / Total Assets 513.10b)
Interest Expense / Debt = 0.24% (Interest Expense 91.1m / Debt 38.58b)
Taxrate = 23.97% (2.92b / 12.17b)
NOPAT = -48.19b (EBIT -63.37b * (1 - 23.97%)) [loss with tax shield]
Current Ratio = 1.50 (Total Current Assets 99.79b / Total Current Liabilities 66.52b)
Debt / Equity = 0.10 (Debt 38.58b / totalStockholderEquity, last quarter 390.43b)
Debt / EBITDA = -0.03 (negative EBITDA) (Net Debt 802.1m / EBITDA -27.88b)
Debt / FCF = 0.03 (Net Debt 802.1m / FCF TTM 26.58b)
Total Stockholder Equity = 382.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.40% (Net Income 38.78b / Total Assets 513.10b)
RoE = 10.15% (Net Income TTM 38.78b / Total Stockholder Equity 382.30b)
RoCE = -15.56% (EBIT -63.37b / Capital Employed (Equity 382.30b + L.T.Debt 24.89b))
RoIC = -11.74% (negative operating profit) (NOPAT -48.19b / Invested Capital 410.52b)
WACC = 3.08% (E(32.37b)/V(70.95b) * Re(6.54%) + D(38.58b)/V(70.95b) * Rd(0.24%) * (1-Tc(0.24)))
Discount Rate = 6.54% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 81.65 | Cagr: 0.06%
[DCF Debug] Terminal Value 86.66% ; FCFF base≈35.81b ; Y1≈37.02b ; Y5≈41.89b
Fair Price DCF = 1604 (EV 1244.91b - Net Debt 802.1m = Equity 1244.11b / Shares 775.7m; r=5.90% [WACC]; 5y FCF grow 3.47% → 2.90% )
EPS Correlation: -21.93 | EPS CAGR: -47.27% | SUE: -1.22 | # QB: 0
Revenue Correlation: 60.55 | Revenue CAGR: 7.14% | SUE: -0.00 | # QB: 0
EPS current Year (2026-12-31): EPS=1.66 | Chg30d=N/A | Revisions Net=+0 | Growth EPS=+0.0% | Growth Revenue=+3.4%