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Chunghwa Telecom Co
(NYSE:CHT)
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Rating:80Outperform
Price Target:
$51.00
â–²(18.14% Upside)
Action:Reiterated
Date:09/09/26
The score is driven primarily by strong financial performance (especially a low-risk balance sheet) and a very positive earnings call with guidance confidence and broad operational momentum. Technicals are supportive but tempered by overbought signals, while valuation is a notable headwind given the higher P/E despite a moderate dividend yield.
Positive Factors
Enterprise ICT growth
Rapid ICT growth broadens Chunghwa’s business beyond traditional connectivity into higher-value data, cloud, cybersecurity, and infrastructure services. Recurring ICT expansion and strong order intake support a more diversified revenue base and provide durable growth opportunities over the next several quarters.
Negative Factors
Lumpy ICT and international revenue
Project-based ICT and international work can make reported growth uneven because revenue recognition depends on delivery timing. Although the pipeline is strong, this lumpiness may create volatility in quarterly results and reduce the predictability of near-term earnings compared with subscription-led telecom revenue.
Read all positive and negative factors
Positive Factors
Negative Factors
Enterprise ICT growth
Rapid ICT growth broadens Chunghwa’s business beyond traditional connectivity into higher-value data, cloud, cybersecurity, and infrastructure services. Recurring ICT expansion and strong order intake support a more diversified revenue base and provide durable growth opportunities over the next several quarters.
Read all positive factors
Chunghwa Telecom Co (CHT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$36.51B
Dividend Yield3.38%
Average Volume (3M)246.98K
Price to Earnings (P/E)34.4
Beta (1Y)0.16
Revenue Growth-10.33%
EPS Growth-10.39%
CountryUS
Employees19,912
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding775,744,700
10 Day Avg. Volume224,435
30 Day Avg. Volume246,983
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 Cap0.92
Enterprise Value/Revenue0.14
Enterprise Value/Gross Profit0.38
Enterprise Value/Ebitda0.36
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 makes money primarily by selling connectivity and related digital services under recurring subscription and usage-based models across consumer and enterprise segments. Key revenue streams include: (1) Mobile services: monthly service plans for...
Chunghwa Telecom Co Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
76
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 244.66B | 234.75B | 228.57B | 221.50B | 215.71B | 209.44B |
| Gross Profit | 88.11B | 85.61B | 81.99B | 79.73B | 78.99B | 74.33B |
| EBITDA | 92.12B | 89.35B | 87.80B | 86.95B | 86.90B | 84.69B |
| Net Income | 39.11B | 38.70B | 37.19B | 36.96B | 36.36B | 35.62B |
Balance Sheet | ||||||
| Total Assets | 553.63B | 535.68B | 534.30B | 523.74B | 523.00B | 512.88B |
| Cash, Cash Equivalents and Short-Term Investments | 79.57B | 58.59B | 57.94B | 52.40B | 53.00B | 43.28B |
| Total Debt | 38.20B | 38.02B | 43.23B | 43.64B | 43.47B | 38.91B |
| Total Liabilities | 171.55B | 137.21B | 138.49B | 131.02B | 131.47B | 123.75B |
| Stockholders Equity | 366.63B | 384.13B | 382.83B | 380.29B | 379.12B | 377.38B |
Cash Flow | ||||||
| Free Cash Flow | 55.13B | 49.60B | 50.25B | 43.58B | 42.52B | 39.27B |
| Operating Cash Flow | 80.26B | 77.50B | 79.24B | 74.56B | 75.95B | 74.86B |
| Investing Cash Flow | -25.86B | -28.20B | -35.33B | -50.17B | -30.79B | -31.17B |
| Financing Cash Flow | -47.31B | -48.46B | -41.52B | -40.73B | -34.80B | -34.31B |
Chunghwa Telecom Co Technical Analysis
Positive
43.17
Price Trends
44.63
Positive
43.81
Positive
42.66
Positive
Market Momentum
0.64
Negative
76.06
Negative
92.04
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 43.17 is below the 20-day moving average (MA) of 46.18, below the 50-day MA of 44.63, and above the 200-day MA of 42.66, indicating a bullish trend. The MACD of 0.64 indicates Negative momentum. The RSI at 76.06 is Negative, neither overbought nor oversold. The STOCH value of 92.04 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $36.51B | 34.38 | 8.91% | 3.38% | -10.33% | -10.39% | |
75 Outperform | $160.62B | 7.73 | 19.48% | 4.74% | 2.63% | 72.35% | |
74 Outperform | $170.66B | 16.61 | 18.22% | 2.56% | 9.68% | -10.02% | |
67 Neutral | $70.22B | 14.11 | 21.99% | 2.59% | 13.40% | 75.68% | |
65 Neutral | $186.09B | 11.66 | 15.52% | 6.28% | 1.38% | -10.78% | |
63 Neutral | $37.69B | -73.44 | -0.79% | 3.33% | 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
47.63
5.10
12.00%
AMX
America Movil
22.83
1.03
4.72%
T
AT&T
23.20
-1.71
-6.88%
VZ
Verizon
44.15
5.89
15.41%
VOD
Vodafone
15.87
4.65
41.41%
TMUS
T Mobile US
156.09
-69.24
-30.73%
Chunghwa Telecom Co Corporate Events
Business Operations and StrategyExecutive/Board Changes
AT&T Adds Independent Director to Strengthen Board Oversight
Positive
Sep 9, 2026
On September 7, 2026, ATT’s Board of Directors approved an expansion of the board from 10 to 11 members and elected Fazal F. Merchant as a new director, effective September 8, 2026. The board also appointed Merchant to the Audit and the Corp...
Chunghwa Telecom Courts Investors and Reshapes Office Footprint in August 2026
Aug 31, 2026
On August 31, 2026, Chunghwa Telecom announced it would engage investors at a Goldman Sachs-hosted conference in Hong Kong, underscoring its ongoing efforts to communicate strategy and performance to global institutional investors. The event, held...
Private Placements and FinancingRegulatory Filings and Compliance
AT&T Issues New Floating Rate Global Notes Offering
Positive
Aug 17, 2026
On August 17, 2026, ATT closed the sale of €1.2 billion of floating rate global notes and $1.1 billion of floating rate global notes, both due 2028, in separate underwritten offerings led by Deutsche Bank AG, London Branch, and BNP Paribas S...
Chunghwa Telecom Subsidiaries Secure New Office Leases from Parent Company
Aug 17, 2026
On August 14, 2026, Chunghwa Telecom’s subsidiary Light Era Development Co. approved the acquisition of a right-of-use office asset from its parent for premises on Xinyi Road in Taipei. The lease, covering 9 ping at a monthly rent of NT$915 ...
Chunghwa Telecom Boosts Infrastructure Investment and Reports Strong July 2026 Results
Aug 10, 2026
On August 7, 2026, Chunghwa Telecom’s board approved Phase 1 of a NT$2.46 billion reconstruction of its Pei-Yi telecommunications site in Taipei, part of the government’s Urban Unsafe and Old Buildings program to modernize outdated fac...
Chunghwa Telecom Details Q2 2026 Earnings Gap Between Taiwan-IFRSs and IFRS
Aug 10, 2026
On August 10, 2026, Chunghwa Telecom reported its consolidated financial results for the three and six months ended June 30, 2026 under Taiwan-IFRSs, posting second-quarter consolidated net income of NT$11.27 billion and first-half net income of N...
Chunghwa Telecom Posts Strong First-Half 2026 Results After Board Approval
Aug 7, 2026
Chunghwa Telecom Co., Ltd., a major telecom services provider in Taiwan, reported its consolidated financial results for the six months ended June 30, 2026, following board approval on August 7, 2026. The company’s balance sheet remains siza...
Private Placements and FinancingRegulatory Filings and Compliance
AT&T boosts European funding with new debt issuance
Positive
Aug 4, 2026
On August 3, 2026, ATT completed the sale of multiple euro- and sterling-denominated global notes, raising a total of €4.1 billion and £550 million with maturities ranging from 2030 to 2052. The transaction, led by a syndicate of intern...
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...
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.