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Chunghwa Telecom Co
(NYSE:CHT)
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Rating:72Outperform
Price Target:
$48.00
â–²(14.29% Upside)
Action:Reiterated
Date:07/29/26
The score is primarily supported by strong financial resilience (low leverage, stable profitability, and historically reliable cash flow). Offsetting this are weaker recent trends in TTM revenue and free cash flow, while valuation is mixed (good yield but a relatively high P/E) and technicals show only modest positive trend confirmation.
Positive Factors
Conservative balance sheet / low leverage
Very low leverage (debt-to-equity ~0.10) and sizable equity give Chunghwa durable financial flexibility. This conservatism supports sustained capital spending on fiber/5G, shields cash returns in downturns, and preserves options for opportunistic investments or dividends over the next 2–6 months.
Negative Factors
Sharp TTM revenue decline
A material TTM revenue decline suggests demand or pricing pressure that may persist near-term. Lower top-line reduces operating leverage and could compress margins, limiting reinvestment capacity and the pace of strategic initiatives like fiber expansion over the next 2–6 months unless revenue stabilizes.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Very low leverage (debt-to-equity ~0.10) and sizable equity give Chunghwa durable financial flexibility. This conservatism supports sustained capital spending on fiber/5G, shields cash returns in downturns, and preserves options for opportunistic investments or dividends over the next 2–6 months.
Read all positive factors
Chunghwa Telecom Co (CHT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$33.47B
Dividend Yield3.88%
Average Volume (3M)124.35K
Price to Earnings (P/E)27.4
Beta (1Y)0.19
Revenue Growth8.46%
EPS Growth7.48%
CountryUS
Employees19,912
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding775,744,700
10 Day Avg. Volume129,806
30 Day Avg. Volume124,346
Financial Highlights & Ratios
PEG Ratio6.27
Price to Book (P/B)2.64
Price to Sales (P/S)4.32
P/FCF Ratio20.43
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Chunghwa Telecom Co Business Overview & Revenue Model
Company Description
Chunghwa Telecom Co., Ltd., along with its subsidiaries, operates as a leading telecommunications service provider, serving customers both within Taiwan and across international markets. The company organizes its extensive operations into several ...
How the Company Makes Money
CHT primarily makes money by charging recurring service fees for connectivity and communication services, supplemented by enterprise ICT project revenue and other telecom-related income. Key revenue streams typically include: (1) Mobile services: ...
Chunghwa Telecom Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 238.99B | 234.75B | 228.57B | 221.50B | 215.71B | 209.44B |
| Gross Profit | 86.81B | 85.61B | 81.99B | 79.73B | 78.99B | 74.33B |
| EBITDA | 91.54B | 90.85B | 87.80B | 86.98B | 86.90B | 84.69B |
| Net Income | 39.02B | 38.70B | 37.19B | 36.96B | 36.36B | 35.62B |
Balance Sheet | ||||||
| Total Assets | 547.69B | 535.68B | 534.30B | 523.74B | 523.00B | 512.88B |
| Cash, Cash Equivalents and Short-Term Investments | 65.67B | 58.59B | 57.94B | 52.40B | 53.00B | 43.28B |
| Total Debt | 39.74B | 38.02B | 43.23B | 43.64B | 43.47B | 38.91B |
| Total Liabilities | 136.35B | 137.21B | 138.49B | 131.02B | 131.47B | 123.75B |
| Stockholders Equity | 396.23B | 384.13B | 382.83B | 380.29B | 379.12B | 377.38B |
Cash Flow | ||||||
| Free Cash Flow | 49.29B | 49.60B | 50.25B | 43.58B | 42.52B | 39.27B |
| Operating Cash Flow | 75.95B | 77.50B | 79.24B | 74.56B | 75.95B | 74.86B |
| Investing Cash Flow | -23.96B | -28.20B | -35.33B | -50.17B | -30.79B | -31.17B |
| Financing Cash Flow | -45.77B | -48.46B | -41.52B | -40.73B | -34.80B | -34.31B |
Chunghwa Telecom Co Technical Analysis
Neutral
42.00
Price Trends
43.02
Negative
42.35
Positive
41.69
Positive
Market Momentum
-0.14
Negative
51.41
Neutral
78.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CHT, the sentiment is Neutral. The current price of 42 is below the 20-day moving average (MA) of 42.40, below the 50-day MA of 43.02, and above the 200-day MA of 41.69, indicating a neutral trend. The MACD of -0.14 indicates Negative momentum. The RSI at 51.41 is Neutral, neither overbought nor oversold. The STOCH value of 78.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 1 New Risks
1.
Effects of climate change may result in potential adverse impacts on our business, financial conditions and results of operations. Q4, 2023
Chunghwa Telecom Co Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $33.47B | 27.35 | 10.22% | 3.15% | 8.46% | 7.48% | |
72 Outperform | $20.67B | 15.84 | 9.70% | 5.69% | 16.10% | 24.13% | |
67 Neutral | $78.00B | 14.71 | 21.99% | 2.28% | 13.40% | 75.68% | |
64 Neutral | $14.49B | 15.18 | 11.99% | 8.52% | -3.37% | -27.49% | |
62 Neutral | $36.57B | -69.93 | -0.79% | 3.59% | 16.69% | 87.12% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
* Communication Services Sector Average
CHT
Chunghwa Telecom Co
42.61
0.22
0.52%
AMX
America Movil
25.35
7.80
44.48%
TLK
PT Telekomunikasi Indonesia Tbk
14.66
-2.48
-14.48%
VIV
Telefonica Brasil
12.92
2.01
18.37%
VOD
Vodafone
15.78
5.15
48.50%
Chunghwa Telecom Co Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
AT&T Expands 5G Spectrum with $23 Billion Acquisition
Positive
Jul 28, 2026
On July 28, 2026, ATT Mobility II LLC, an indirect wholly owned subsidiary of ATT Inc., closed its previously announced acquisition of wireless spectrum licenses from EchoStar for approximately $23 billion, covering virtually every U.S. market. Th...
Chunghwa Telecom Posts Strong June 2026 Results and Announces Small Strategic Investment
Jul 13, 2026
On July 9, 2026, Chunghwa Telecom made a long-term strategic investment of US$78,000 in Catalight Capital GP, L.P., representing a very small portion of its total assets and equity. The transaction, executed under a limited partnership agreement w...
Chunghwa Telecom Schedules Q2 2026 Investor Teleconference for August 5
Jul 6, 2026
Chunghwa Telecom Co., Ltd. is a leading telecommunications operator based in Taipei, Taiwan, providing fixed-line, mobile, and broadband services across the domestic market. The company also offers data, cloud, and enterprise solutions, positionin...
Executive/Board Changes
AT&T Announces CFO Retirement and Successor Appointment
Neutral
Jun 16, 2026
On June 11, 2026, ATT announced that Senior Executive Vice President and Chief Financial Officer Pascal Desroches will retire effective December 31, 2026, marking a planned leadership transition in the company’s top finance role. On June 15,...
Chunghwa Telecom Posts Higher May 2026 Sales and Solid Year-to-Date Earnings
Jun 10, 2026
On June 10, 2026, Chunghwa Telecom reported unaudited consolidated operating results for May 2026, posting revenue of about NT$19.52 billion, operating income of NT$4.35 billion, net income attributable to shareholders of NT$3.36 billion, EBITDA o...
Chunghwa Telecom Sets Record Date and Schedule for 2026 Cash Dividend
Jun 8, 2026
Chunghwa Telecom Co., Ltd., a major Taiwanese telecommunications provider, reported a board resolution dated June 5, 2026, approving a cash dividend of NT$5.2 per share, with the announcement furnished to the U.S. Securities and Exchange Commissio...
Chunghwa Telecom AGM Approves 2025 Dividend, Charter Changes and Director Non-Compete Waivers
May 29, 2026
At its annual general meeting on May 29, 2026, Chunghwa Telecom shareholders approved the 2025 earnings distribution, including a cash dividend of NT$5.2 per share, and ratified the 2025 business report and financial statements. Investors also bac...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
AT&T Shareholders Approve Governance Changes and Charter Update
Neutral
May 20, 2026
At its virtually held annual meeting on May 14, 2026, ATT shareholders elected all nominated directors and backed management-sponsored proposals, including ratification of the independent auditor, a 2026 incentive plan, and a stock purchase and de...
Chunghwa Telecom to Join UBS Investor Conference in Hong Kong on May 27, 2026
May 18, 2026
Chunghwa Telecom announced on May 18, 2026, that it will participate in an institutional investor conference organized by UBS, underscoring its ongoing engagement with global capital markets and international investors. The company’s managem...
Chunghwa Telecom Posts 7.6% April Sales Growth and Strong Four-Month Results
May 11, 2026
On May 11, 2026, Chunghwa Telecom reported unaudited consolidated operating results for April 2026, highlighting revenue of about NT$20.50 billion, operating income of NT$4.83 billion, net income attributable to shareholders of NT$3.73 billion, EB...
Chunghwa Telecom Details Q1 2026 Earnings Differences Under Taiwan-IFRSs and IFRSs
May 11, 2026
Chunghwa Telecom reported its consolidated financial results for the first quarter of 2026 under both Taiwan-IFRSs and IFRSs, highlighting differences tied to accounting treatment. For the three months ended March 31, 2026, it posted consolidated ...
Chunghwa Telecom Posts Solid Q1 2026 Results and Announces Key Technology Leadership Changes
May 8, 2026
On May 8, 2026, Chunghwa Telecom reported consolidated financial results for the quarter ended March 31, 2026, with operating revenue of NT$59.99 billion and net profit of NT$10.61 billion, translating into basic earnings per share of NT$1.30. The...
Chunghwa Telecom Subsidiary Leases Taipei Office Space From Parent in Related-Party Deal
May 4, 2026
On April 30, 2026, Chunghwa Telecom’s subsidiary Chunghwa Digital Cultural and Creative Capital Co., Ltd. approved the acquisition of a right-of-use office asset from its parent company in Taipei’s Da’an District. The lease cover...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
AT&T Completes $6 Billion Multi-Tranche Global Debt Offering
Positive
Apr 30, 2026
On April 30, 2026, ATT closed a multi-tranche debt offering totaling $6 billion in registered global notes, with maturities ranging from 2033 to 2066 and coupons between 4.750% and 6.300%. The notes were issued under an existing 2013 indenture wit...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.