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Chunghwa Telecom Co Ltd (CHT) stock analysis

CHTNYSERadiotelephone Communications
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 15, 2026Score 10/30
$49.03+0.22 (+0.45%)

Close on Nov 11, 2026Market cap $38.03BP/E 32.3Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value0Growth2Performance4Health4Dividend0

Mixed10 of 30 checks passed

Chunghwa Telecom passes 10 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
2/6
Past performance
4/6
Financial health
4/6
Dividend
0/6

What stands out

  • Return on capital over 10%

    Return on invested capital was 11.0%, above the 10% that usually covers the cost of capital.

  • Low debt

    Debt is 1.0% of shareholders' equity, under the 40% we consider low.

  • Earnings grew over 5 years

    Net income grew 3.0% a year on average over the last five fiscal years.

  • Earnings growth accelerating

    Net income grew 4.1% over the last twelve months, against a 5-year average of 3.0% a year.

What to watch

  • Return on equity under 15%

    Return on equity was 10.1% over the last twelve months and averaged 9.7% over five years; we look for 15% on both.

  • Revenue growing under 10% a year

    Revenue grew 2.9% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew 2.1% a year over the last three fiscal years.

  • Growing slower than the industry

    Revenue grew 2.7% over the last twelve months; the Telephone Communications median is 5.5%.

Valuation0/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B against the industry

    Needs positive book value.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth2/6

  • Revenue growing under 10% a year

    Revenue grew 2.9% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew 2.1% a year over the last three fiscal years.

  • Earnings growth accelerating

    Net income grew 4.1% over the last twelve months, against a 5-year average of 3.0% a year.

  • Growing slower than the industry

    Revenue grew 2.7% over the last twelve months; the Telephone Communications median is 5.5%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin improving

    Gross margin was 36.8% over the last twelve months, against 36.3% a year earlier.

Past performance4/6

  • Return on equity under 15%

    Return on equity was 10.1% over the last twelve months and averaged 9.7% over five years; we look for 15% on both.

  • Return on capital over 10%

    Return on invested capital was 11.0%, above the 10% that usually covers the cost of capital.

  • Return on equity above the industry

    Chunghwa Telecom's return on equity of 10.1% is above the Telephone Communications median of 8.4%.

  • Earnings grew over 5 years

    Net income grew 3.0% a year on average over the last five fiscal years.

  • Net margin below its 5-year average

    Net margin was 16.4% over the last twelve months, against a 5-year average of 16.6%.

  • Net margin above the industry

    Chunghwa Telecom's net margin of 16.4% is above the Telephone Communications median of 6.5%.

Financial health4/6

  • Low debt

    Debt is 1.0% of shareholders' equity, under the 40% we consider low.

  • Debt rising against equity

    Debt to equity rose from 0.4% five years ago to 1.0%.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 2017% of total debt.

  • Interest well covered

    Operating income covers interest expense 131.2 times.

  • Short-term assets cover short-term debts

    Current assets are 1.45 times current liabilities.

  • Bankruptcy risk (Altman Z)

    Needs market value, working capital and retained earnings.

Dividend0/6

  • No dividend

    Chunghwa Telecom has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for Chunghwa Telecom. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Medium risk

Average value traded per day
$8.40M
Value traded per 1% price move
$15.39M

Downside

Low risk

Typical loss in a bad month
7.6%
Volatility (annualized)
14%
Sharpe ratio, 1 year
0.79
Beta to the S&P 500 (5Y)
0.23

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2014 to 2025

Gross margin

36.8%+2.8 pts over 5 years

Operating margin

20.6%+0.2 pts over 5 years

Net margin

16.4%+0.3 pts over 5 years

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