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Chunghwa Telecom Co Ltd (CHT)
NYSE:CHT
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Chunghwa Telecom Co
(NYSE:CHT)
79Outperform
Chunghwa Telecom Co (CHT) vs. S&P 500 (SPY)
Market Cap
$30.29B
Dividend Yield2.9%
Average Volume (3M)109.92K
Price to Earnings (P/E)26.2
Beta (1Y)0.19
Revenue Growth0.03%
EPS Growth-2.27%
CountryUS
Employees19,912
SectorCommunication Services
Sector Strength84
IndustryTelecommunications Services
Share Statistics
EPS (TTM)1.49
Shares Outstanding775,744,700
10 Day Avg. Volume114,876
30 Day Avg. Volume109,916
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)4.47
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Chunghwa Telecom Co Business Overview & Revenue Model
Company DescriptionChunghwa Telecom Co., Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Others segments. The company offers local and domestic long-distance telephone, broadband access, and related services; information and communication technology and VAS services; and interconnection with its fixed-line network to other mobile and fixed-line operators. It also provides mobile; HiNet Internet, data communication, and cloud; Internet data center; and international long-distance telephone and data services. In addition, the company distributes and sells mobile handsets, data cards, electronic materials, and computing and business machinery equipment and software; designs, develops, manufactures, sells, and services semiconductor testing components, printed circuit boards, and electronic components and finished products, and automatic license plate recognition software and hardware products. Further, it offers real estate development and property management; system, network, and communications integration; intelligent buildings and energy network; digital information supply and advertisement; property and liability insurance agency; family education; computing equipment installation; management consultancy; data processing; telecommunication engineering; Internet identify; and information and communication solution services. Additionally, the company provides software design services, and Internet contents production and play services; motion picture production and distribution; and energy saving solutions and international circuits, and services for electronic parts and machinery processed products. The company was incorporated in 1996 and is headquartered in Taipei City, Taiwan.
How the Company Makes MoneyChunghwa Telecom Co. makes money primarily through its diverse range of telecommunications services. The company's revenue streams include mobile services, which encompass voice, data, and value-added services; fixed-line services, including local, domestic long-distance, and international services; and broadband and internet services, which provide high-speed internet access to residential and business customers. CHT also generates income from its ICT solutions, offering enterprise clients customized solutions for digital transformation, cloud computing, and data center services. Additionally, Chunghwa Telecom benefits from strategic partnerships and collaborations that enhance its service offerings, as well as investments in emerging technologies that contribute to its growth and competitiveness in the market.
Chunghwa Telecom Co Financial Statement Overview
Summary
Chunghwa Telecom presents a strong financial position with solid profitability, a stable balance sheet, and efficient cash flow management. Despite a decline in revenue growth, the company maintains robust margins and a healthy equity base, positioning it well in the telecommunications industry.Income Statement
Chunghwa Telecom exhibits solid profitability with a strong Gross Profit Margin and EBIT Margin. The Net Profit Margin is robust, indicating efficient cost management. However, the TTM revenue growth rate shows a decline compared to the previous year, suggesting challenges in sustaining revenue levels.85
Very Positive
Balance Sheet
The company maintains a healthy balance sheet with a strong equity base, reflected in a favorable Equity Ratio. The Debt-to-Equity Ratio remains manageable, suggesting prudent leverage levels. Return on Equity is solid, although there is a slight decrease in total assets.80
Positive
Cash Flow
Chunghwa Telecom demonstrates strong cash flow management, with a positive Free Cash Flow and a healthy Operating Cash Flow to Net Income Ratio. The Free Cash Flow Growth Rate is also promising, indicating efficient capital expenditure management.88
Very Positive
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 190.25B | 223.20B | 136.72B | 209.44B | 207.61B | 179.32B | Gross Profit |
| 35.95B | 81.43B | 375.00K | 74.33B | 70.58B | 63.27B | EBIT |
| 37.61B | 46.35B | 46.82B | 44.93B | 42.36B | 38.35B | EBITDA |
| 85.28B | 87.58B | 86.90B | 84.69B | 77.69B | 74.06B | Net Income Common Stockholders |
| 24.15B | 36.96B | 36.36B | 35.62B | 33.42B | 32.79B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 52.40B | 53.28B | 53.81B | 44.84B | 36.55B | 27.95B | Total Assets |
| 523.94B | 523.74B | 523.20B | 513.07B | 506.38B | 457.32B | Total Debt |
| 43.64B | 43.64B | 43.47B | 38.91B | 38.24B | 8.70B | Net Debt |
| 9.82B | 9.82B | -6.72B | -864.70M | 7.82B | -16.39B | Total Liabilities |
| 129.04B | 131.02B | 129.43B | 121.81B | 117.12B | 81.21B | Stockholders Equity |
| 382.31B | 380.29B | 381.18B | 379.33B | 377.93B | 376.11B |
| Cash Flow | Free Cash Flow | ||||
| 46.12B | 43.58B | 42.52B | 39.27B | 3.34B | 47.43B | Operating Cash Flow |
| 75.29B | 74.56B | 75.95B | 74.86B | 74.46B | 70.14B | Investing Cash Flow |
| -34.53B | -50.17B | -30.79B | -31.17B | -68.25B | -24.17B | Financing Cash Flow |
| -41.56B | -40.73B | -34.80B | -34.31B | -9.80B | -37.81B |
Chunghwa Telecom Co Technical Analysis
Positive
38.99
Price Trends
38.65
Positive
38.29
Positive
38.15
Positive
Market Momentum
0.10
Positive
51.35
Neutral
60.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CHT, the sentiment is Positive. The current price of 38.99 is below the 20-day moving average (MA) of 39.03, above the 50-day MA of 38.65, and above the 200-day MA of 38.15, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 51.35 is Neutral, neither overbought nor oversold. The STOCH value of 60.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CHT.
Chunghwa Telecom Co Risk Analysis
Chunghwa Telecom Co disclosed 32 risk factors in its most recent earnings report. Chunghwa Telecom Co reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Chunghwa Telecom Co Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $30.29B | 26.20 | 9.58% | 2.90% | 0.03% | -2.27% | |
76 Outperform | $193.95B | 18.11 | 10.54% | 4.11% | -0.08% | -24.48% | |
76 Outperform | $292.10B | 26.47 | 17.93% | 1.20% | 3.62% | 38.24% | |
73 Outperform | $185.18B | 10.61 | 18.27% | 6.10% | 0.61% | 50.39% | |
64 Neutral | $6.46B | ― | -17.68% | ― | 32.25% | 20.56% | |
59 Neutral | $29.40B | 0.71 | -18.77% | 4.01% | 2.13% | -47.15% | |
49 Neutral | $4.93B | ― | -12.49% | ― | -9.95% | 99.47% |
* Communication Services Sector Average
Performance Comparison
CHT
Chunghwa Telecom Co
38.99
1.57
4.20%
T
AT&T
26.96
10.78
66.63%
LUMN
Lumen Technologies
4.86
3.25
201.86%
VZ
Verizon
43.56
5.28
13.79%
TMUS
T Mobile US
258.96
100.09
63.00%
S
SentinelOne
20.11
-2.37
-10.54%
Chunghwa Telecom Co Earnings Call Summary
Earnings Call Date: Jan 23, 2025 | % Change Since: 3.07% | Next Earnings Date: May 1, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance and growth across multiple business segments, particularly in ICT and 5G, underscoring the company's strategic success and leadership in the market. While there were minor declines in specific areas, such as international voice revenue, these were outweighed by positive achievements.Highlights
Record Financial Performance
Operating income, income before tax, and EPS for 2024 exceeded forecasts, with full-year EPS reaching a 7-year high of TWD 4.8.
Strong Revenue Growth
Revenue for 2024 reached a 7-year high, driven by robust growth across all business sectors.
Subscriber and 5G Growth
Overall subscriber share reached 37.9%, and 5G subscriber share reached 38.8%, maintaining industry leadership.
ICT Business Expansion
ICT business revenue grew by 24.1% year-over-year, with strong performance in IDC, cloud, and cybersecurity services.
Sustainability and Recognition
Chunghwa Telecom maintained its position in the Dow Jones Sustainability World Index and received high ESG ratings.
EPS and Income Growth
Fourth quarter EPS reached 1.16, the highest in 9 years, with income from operations and net income increasing by 11.5% and 9%, respectively.
Lowlights
Decline in International Voice Revenue
IBG's total revenue slightly decreased by 2.3% due to a decline in international voice revenue.
Flat Performance in Core Enterprise Business
Despite growth in ICT, the decline in mobile voice and fixed voice revenue led to flat year-over-year performance in the EBG core business.
Company Guidance
During the fourth quarter 2024 earnings call for Chunghwa Telecom, several key financial metrics and guidance for 2025 were discussed. The company reported that its operating income, income before tax, and EPS for 2024 surpassed expectations, with revenue reaching a seven-year high. Specifically, the full-year EPS was TWD 4.8, marking five consecutive years of growth. In Q4, the mobile service revenue increased by 1.7% year-over-year, driven by a 45% rise in the average monthly fee from 5G migrations. The Enterprise Business Group's revenue grew by 10.2% year-over-year, with the ICT business showing a robust 24.1% growth. The company aims for a 1.2% to 1.6% revenue growth in 2025, supported by continuing momentum in its core and ICT businesses. Additionally, a capital expenditure of TWD 32.36 billion is planned for 2025, with a focus on AI and data centers, representing a 25.2% increase in non-mobile-related investments.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.