Chunghwa Telecom Co Ltd (CHT)
NYSE:CHT
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Chunghwa Telecom Co
(NYSE:CHT)
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Rating:75Outperform
Price Target:
$48.00
â–²(14.29% Upside)
Action:ReiteratedDate:04/22/26
CHT scores well primarily on strong financial quality (stable margins, low leverage, dependable cash generation). The earnings call supports a steady-growth outlook, though rising costs and higher non-mobile CapEx introduce near-term margin and cash flow pressure. Technicals are neutral-to-mildly positive, while valuation (P/E ~26.5 with a ~3% yield) tempers the overall score.
Positive Factors
Market leadership in mobile and 5G
Sustained top market share and rapid 5G adoption give Chunghwa scale advantages that support higher ARPU, lower churn and stronger bundling of mobile, broadband and content. That market position creates durable recurring revenue and pricing leverage across Taiwan's core telecom market.
Negative Factors
Rising operating costs and heavier non-mobile CapEx
Guidance signals structural margin pressure: hires for AI/IDC, higher electricity and rising depreciation from new assets can outpace revenue growth. Over the medium term higher opex and non-mobile capex intensity can compress operating margins and weigh on free cash flow unless efficiency gains materialize.
Read all positive and negative factors
Positive Factors
Negative Factors
Market leadership in mobile and 5G
Sustained top market share and rapid 5G adoption give Chunghwa scale advantages that support higher ARPU, lower churn and stronger bundling of mobile, broadband and content. That market position creates durable recurring revenue and pricing leverage across Taiwan's core telecom market.
Read all positive factors
Chunghwa Telecom Co (CHT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$33.31B
Dividend Yield3.15%
Average Volume (3M)124.35K
Price to Earnings (P/E)26.5
Beta (1Y)0.20
Revenue Growth9.48%
EPS Growth8.19%
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)2.62
Price to Sales (P/S)4.29
P/FCF Ratio20.43
Enterprise Value/Market Cap31.94
Enterprise Value/Revenue4.53
Enterprise Value/Gross Profit12.38
Enterprise Value/Ebitda11.89
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., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, Internati...
How the Company Makes Money
CHT primarily makes money by charging customers recurring fees and usage-based charges for connectivity and related services. Key revenue streams typically include: (1) Mobile services: monthly subscription plans and usage (voice/SMS/data), value-...
Chunghwa Telecom Co Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
86
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 236.11B | 228.57B | 221.50B | 215.71B | 209.44B |
| Gross Profit | 86.97B | 81.99B | 79.73B | 78.99B | 74.33B |
| EBITDA | 84.05B | 87.80B | 86.98B | 86.90B | 84.69B |
| Net Income | 38.70B | 37.19B | 36.96B | 36.36B | 35.62B |
Balance Sheet | |||||
| Total Assets | 536.35B | 534.30B | 523.74B | 523.00B | 512.88B |
| Cash, Cash Equivalents and Short-Term Investments | 57.34B | 57.94B | 52.40B | 53.00B | 43.28B |
| Total Debt | 38.02B | 43.23B | 43.64B | 43.47B | 38.91B |
| Total Liabilities | 135.42B | 138.49B | 131.02B | 131.47B | 123.75B |
| Stockholders Equity | 386.39B | 382.83B | 380.29B | 379.12B | 377.38B |
Cash Flow | |||||
| Free Cash Flow | 49.60B | 50.25B | 43.58B | 42.52B | 39.27B |
| Operating Cash Flow | 77.50B | 79.24B | 74.56B | 75.95B | 74.86B |
| Investing Cash Flow | -28.20B | -35.33B | -50.17B | -30.79B | -31.17B |
| Financing Cash Flow | -48.46B | -41.52B | -40.73B | -34.80B | -34.31B |
Chunghwa Telecom Co Technical Analysis
Positive
42.00
Price Trends
42.70
Positive
42.25
Positive
43.03
Positive
Market Momentum
0.12
Negative
65.48
Neutral
82.12
Negative
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 42 is below the 20-day moving average (MA) of 42.47, below the 50-day MA of 42.70, and below the 200-day MA of 43.03, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 65.48 is Neutral, neither overbought nor oversold. The STOCH value of 82.12 is Negative, 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 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $16.15B | 16.17 | 15.56% | 6.14% | -5.21% | -7.46% | |
75 Outperform | $33.31B | 26.49 | 10.23% | 3.15% | 9.48% | 8.19% | |
71 Outperform | $81.62B | 14.75 | 17.05% | 2.69% | 9.51% | 188.07% | |
70 Outperform | $25.83B | 17.32 | 9.03% | 5.03% | 2.80% | 11.44% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $36.27B | 7.35 | -8.37% | 3.77% | 19.66% | -278.57% |
* Communication Services Sector Average
CHT
Chunghwa Telecom Co
43.60
4.80
12.37%
AMX
America Movil
25.81
9.13
54.74%
TLK
PT Telekomunikasi Indonesia Tbk
16.84
2.17
14.78%
VIV
Telefonica Brasil
15.98
6.52
68.92%
VOD
Vodafone
15.51
6.35
69.25%
Chunghwa Telecom Co Corporate Events
Business Operations and StrategyStock BuybackFinancial DisclosuresM&A Transactions
AT&T Posts Q1 Revenue Growth on Advanced Connectivity Strength
Positive
Apr 22, 2026
ATT reported on April 22, 2026 that first-quarter 2026 operating revenues from continuing operations rose 2.9% year on year to $31.5 billion, driven by growth in Advanced Connectivity wireless and fiber services and supported by favorable foreign ...
Chunghwa Telecom Details 2025 IFRS Reconciliation and Schedules Investor Conference
Apr 15, 2026
On April 15, 2026, Chunghwa Telecom announced it would present at an institutional investor conference hosted by IBF Securities in Taipei on April 16, 2026, directing investors to its online platforms for access to the conference materials. The sa...
Chunghwa Telecom Posts Strong Q1 2026 Growth and Commits US$20 Million to AI Fund
Apr 10, 2026
On April 10, 2026, Chunghwa Telecom’s board approved a NT$2 million donation to the government-related Taiwan Tourism Institute to support national tourism policies, underlining the carrier’s role in broader public policy objectives. T...
Chunghwa Telecom Sets Q1 2026 Results Call and Approves Related-Party Office Lease to Subsidiary
Apr 7, 2026
Chunghwa Telecom said it will host an institutional investor teleconference on May 7, 2026 to present and discuss its first-quarter 2026 financial results. The briefing materials will be made available online shortly before the call, underscoring ...
Chunghwa Telecom Reports Police Raid on Local Offices With No Financial Impact
Mar 23, 2026
On March 20, 2026, Chunghwa Telecom reported that the Daan Precinct of the Taipei City Police Department raided staff offices at its local business operation centers. The company stated it fully cooperated with the authorities’ investigation...
Chunghwa Telecom Boosts Submarine Cable Investment and Secures Long-Term Offshore Wind Power
Mar 16, 2026
On March 11, 2026, Chunghwa Telecom increased its investment in the AUG East submarine cable project to more than NT$2.9 billion, adding about NT$0.502 billion to its previous commitment. The company, joining other network service providers and su...
Private Placements and FinancingRegulatory Filings and Compliance
AT&T Completes CAD-Denominated Long-Term Debt Offering
Neutral
Mar 12, 2026
On March 12, 2026, ATT closed a Canadian-dollar debt offering consisting of CAD$1.25 billion of 4.500% Global Notes due 2036 and CAD$1.0 billion of 5.250% Global Notes due 2056, sold under a March 5, 2026 underwriting agreement with a syndicate le...
Chunghwa Telecom Posts Early-2026 Revenue Growth and Details February Financial Metrics
Mar 10, 2026
On March 11, 2026, Chunghwa Telecom planned to meet institutional investors at a JPMorgan-hosted conference in Taipei, signaling ongoing engagement with the capital markets and providing an opportunity to discuss its latest financial performance. ...
Chunghwa Telecom Sets May 29, 2026 AGM and Approves NT$5.2 Cash Dividend
Mar 2, 2026
Chunghwa Telecom’s board has resolved to convene its 2026 annual general shareholders’ meeting at the Chunghwa Telecom Training Institute in New Taipei City at 9:00 a.m. on Friday, May 29, 2026, and approved a cash dividend distributio...
Chunghwa Telecom Posts Strong 2025 Results, Raises Cash Dividend and Sets May AGM
Feb 26, 2026
On February 26, 2026, Chunghwa Telecom’s board approved consolidated financial statements for the year ended December 31, 2025, reporting NT$236.1 billion in revenue and NT$40.5 billion in profit, with basic earnings of NT$4.99 per share. Th...
Chunghwa Telecom Files 2025 Sustainability and Financial Reports with U.S. SEC
Feb 26, 2026
On February 26, 2026, Chunghwa Telecom Co., Ltd. filed a Form 6-K with the U.S. Securities and Exchange Commission detailing new sustainability-related financial disclosures for 2025 aligned with IFRS S1 and IFRS S2. The filing also included audit...
Chunghwa Telecom Posts Double-Digit January Sales Growth and Details Derivative Positions
Feb 10, 2026
On February 10, 2026, Chunghwa Telecom reported unaudited consolidated operating results for January 2026, posting revenue of about NT$20.41 billion, operating income of roughly NT$4.41 billion, net income attributable to shareholders of NT$3.37 b...
Private Placements and FinancingRegulatory Filings and Compliance
AT&T completes $6.5 billion multi-tranche debt offering
Positive
Feb 5, 2026
On February 5, 2026, ATT closed a multi-tranche debt offering totaling $6.5 billion in registered global notes, with maturities ranging from 2031 to 2056 and coupon rates between 4.400% and 6.000%, issued under its existing 2013 indenture. The tra...
Chunghwa Telecom Posts Record 2025 Earnings, Beats Guidance on Core Telecom and ICT Growth
Feb 3, 2026
On February 3, 2026, Chunghwa Telecom reported its unaudited consolidated results for the fourth quarter and full year 2025, highlighting record full‑year revenue of NT$236.11 billion, up 2.7% year on year, and net income attributable to sha...
Business Operations and StrategyStock BuybackFinancial Disclosures
AT&T Reports Q4 Earnings, Authorizes New $10B Buyback
Positive
Jan 28, 2026
ATT reported on January 28, 2026, that its fourth-quarter 2025 net income attributable to common stock fell to $3.8 billion, or $0.53 per diluted share, from $4.0 billion, or $0.56, a year earlier, even as quarterly operating revenues rose 3.6% to...
Chunghwa Telecom Unveils AI-Centric 2026 Guidance with Higher Revenue and Capex Targets
Jan 23, 2026
On January 23, 2026, Chunghwa Telecom issued its 2026 financial and strategic guidance, framing a new corporate vision of “Igniting the Future with AI” and organizing its strategy around digital resilience, smart empowerment, and susta...
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.