CHT
Chunghwa Telecom Co., Ltd.
Telecommunications Services
Market Cap$33.64B
5Y Perf.+17.1%
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Stock Comparison
CHT vs TLK
Revenue, margins, valuation, and 5-year total return — side by side.
TLK
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
Telecommunications Services
Market Cap$16.84B
5Y Perf.-20.4%
CHT vs TLK — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CHT | TLK |
|---|---|---|
| Industry | Telecommunications Services | Telecommunications Services |
| Market Cap | $33.64B | $16.84B |
| Revenue (TTM) | $235.08B | $147.37T |
| Net Income (TTM) | $38.69B | $21.72T |
| Gross Margin | 36.6% | 66.7% |
| Operating Margin | 20.7% | 27.0% |
| Forward P/E | 0.8x | 0.0x |
| Total Debt | $38.02B | $76.83T |
| Cash & Equiv. | $37.09B | $33.91T |
CHT vs TLK — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CHT
TLK
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Chunghwa Telecom Co… (CHT) | 100 | 117.1 | +17.1% |
| Perusahaan Perseroa… (TLK) | 100 | 79.6 | -20.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CHT vs TLK
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: TLK leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and dividend income and shareholder returns. Chunghwa Telecom Co., Ltd. is the stronger pick specifically for growth and revenue expansion and profitability and margin quality. As sector peers, any of these can serve as alternatives in the same allocation.
CHT
Chunghwa Telecom Co., Ltd.
The Income Pick
CHT is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 5 yrs, beta 0.19, yield 3.7%
- Rev growth 3.3%, EPS growth 4.2%, 3Y rev CAGR 3.1%
- 63.1% 10Y total return vs TLK's -4.4%
Best for: income & stability and growth exposure
TLK
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
The Value Play
TLK carries the broadest edge in this set and is the clearest fit for value and dividends.
- Lower P/E (0.0x vs 0.8x)
- 6.0% yield, 5-year raise streak, vs CHT's 3.7%
- +16.6% vs CHT's +3.8%
Best for: value and dividends
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CHT | 3.3% revenue growth vs TLK's 0.5% |
| Value | TLK | Lower P/E (0.0x vs 0.8x) |
| Quality / Margins | CHT | 16.5% margin vs TLK's 14.7% |
| Stability / Safety | CHT | Beta 0.19 vs TLK's 0.77, lower leverage |
| Dividends | TLK | 6.0% yield, 5-year raise streak, vs CHT's 3.7% |
| Momentum (1Y) | TLK | +16.6% vs CHT's +3.8% |
| Efficiency (ROA) | TLK | 7.3% ROA vs CHT's 7.3%, ROIC 16.1% vs 9.1% |
CHT vs TLK — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2021
FY 2024
CHT vs TLK — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLCHTLAGGINGTLK
TLKPerusahaan Perseroan …
2leads
CHTChunghwa Telecom Co.,…
3leads
6 Total Categories
CATEGORYLEADERvs TLKMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
TLK6/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
CHT5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
CHT5/6
Risk & VolatilityBeta, volatility, and downside exposure
CHT2/2
Analyst OutlookRatings, price targets, and dividends
TLK1/1
Income & Cash Flow (Last 12 Months)
Evenly matched — CHT and TLK each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
TLK is the larger business by revenue, generating $147.37T annually — 626.9x CHT's $235.1B. Profitability is closely matched — net margins range from 16.5% (CHT) to 14.7% (TLK).
| Metric | CHTChunghwa Telecom … | TLKPerusahaan Perser… |
|---|---|---|
| RevenueTrailing 12 months | $235.1B | $147.37T |
| EBITDAEarnings before interest/tax | $87.5B | $73.14T |
| Net IncomeAfter-tax profit | $38.7B | $21.72T |
| Free Cash FlowCash after capex | $51.3B | $40.12T |
| Gross MarginGross profit ÷ Revenue | +36.6% | +66.7% |
| Operating MarginEBIT ÷ Revenue | +20.7% | +27.0% |
| Net MarginNet income ÷ Revenue | +16.5% | +14.7% |
| FCF MarginFCF ÷ Revenue | +21.8% | +27.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +1.4% | -0.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +3.4% | -18.7% |
Evenly matched — CHT and TLK each lead in 3 of 6 comparable metrics.
Valuation Metrics
TLK leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 12.4x trailing earnings, TLK trades at a 54% valuation discount to CHT's 27.2x P/E. On an enterprise value basis, TLK's 4.4x EV/EBITDA is more attractive than CHT's 12.5x.
| Metric | CHTChunghwa Telecom … | TLKPerusahaan Perser… |
|---|---|---|
| Market CapShares × price | $33.6B | $16.8B |
| Enterprise ValueMkt cap + debt − cash | $33.7B | $19.3B |
| Trailing P/EPrice ÷ TTM EPS | 27.22x | 12.41x |
| Forward P/EPrice ÷ next-FY EPS est. | 0.82x | 0.00x |
| PEG RatioP/E ÷ EPS growth rate | 9.01x | — |
| EV / EBITDAEnterprise value multiple | 12.55x | 4.45x |
| Price / SalesMarket cap ÷ Revenue | 4.46x | 1.96x |
| Price / BookPrice ÷ Book value/share | 2.63x | 1.81x |
| Price / FCFMarket cap ÷ FCF | 21.24x | 9.19x |
TLK leads this category, winning 6 of 6 comparable metrics.
Profitability & Efficiency
CHT leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
TLK delivers a 13.7% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $10 for CHT. CHT carries lower financial leverage with a 0.09x debt-to-equity ratio, signaling a more conservative balance sheet compared to TLK's 0.47x. On the Piotroski fundamental quality scale (0–9), CHT scores 9/9 vs TLK's 4/9, reflecting strong financial health.
| Metric | CHTChunghwa Telecom … | TLKPerusahaan Perser… |
|---|---|---|
| ROE (TTM)Return on equity | +9.8% | +13.7% |
| ROA (TTM)Return on assets | +7.3% | +7.3% |
| ROICReturn on invested capital | +9.1% | +16.1% |
| ROCEReturn on capital employed | +10.7% | +19.6% |
| Piotroski ScoreFundamental quality 0–9 | 9 | 4 |
| Debt / EquityFinancial leverage | 0.09x | 0.47x |
| Net DebtTotal debt minus cash | $929M | $42.93T |
| Cash & Equiv.Liquid assets | $37.1B | $33.91T |
| Total DebtShort + long-term debt | $38.0B | $76.83T |
| Interest CoverageEBIT ÷ Interest expense | 130.38x | 8.52x |
CHT leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
CHT leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CHT five years ago would be worth $12,062 today (with dividends reinvested), compared to $9,846 for TLK. Over the past 12 months, TLK leads with a +16.6% total return vs CHT's +3.8%. The 3-year compound annual growth rate (CAGR) favors CHT at 4.5% vs TLK's -9.6% — a key indicator of consistent wealth creation.
| Metric | CHTChunghwa Telecom … | TLKPerusahaan Perser… |
|---|---|---|
| YTD ReturnYear-to-date | +3.9% | -19.4% |
| 1-Year ReturnPast 12 months | +3.8% | +16.6% |
| 3-Year ReturnCumulative with dividends | +14.0% | -26.2% |
| 5-Year ReturnCumulative with dividends | +20.6% | -1.5% |
| 10-Year ReturnCumulative with dividends | +63.1% | -4.4% |
| CAGR (3Y)Annualised 3-year return | +4.5% | -9.6% |
CHT leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
CHT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CHT is the less volatile stock with a 0.19 beta — it tends to amplify market swings less than TLK's 0.77 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CHT currently trades 92.2% from its 52-week high vs TLK's 72.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CHTChunghwa Telecom … | TLKPerusahaan Perser… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.19x | 0.77x |
| 52-Week HighHighest price in past year | $47.03 | $23.52 |
| 52-Week LowLowest price in past year | $39.28 | $15.56 |
| % of 52W HighCurrent price vs 52-week peak | +92.2% | +72.3% |
| RSI (14)Momentum oscillator 0–100 | 54.8 | 39.7 |
| Avg Volume (50D)Average daily shares traded | 185K | 808K |
CHT leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
TLK leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates CHT as "Sell" and TLK as "Hold". For income investors, TLK offers the higher dividend yield at 6.03% vs CHT's 3.70%.
| Metric | CHTChunghwa Telecom … | TLKPerusahaan Perser… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Sell | Hold |
| Price TargetConsensus 12-month target | — | — |
| # AnalystsCovering analysts | 4 | 2 |
| Dividend YieldAnnual dividend ÷ price | +3.7% | +6.0% |
| Dividend StreakConsecutive years of raises | 5 | 5 |
| Dividend / ShareAnnual DPS | $50.30 | $17850.40 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
TLK leads this category, winning 1 of 1 comparable metric.
Key Takeaway
CHT leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). TLK leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
Best OverallChunghwa Telecom Co., Ltd. (CHT)Leads 3 of 6 categories
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CHT vs TLK: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CHT or TLK a better buy right now?
For growth investors, Chunghwa Telecom Co.
, Ltd. (CHT) is the stronger pick with 3. 3% revenue growth year-over-year, versus 0. 5% for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK). Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) offers the better valuation at 12. 4x trailing P/E (0. 0x forward), making it the more compelling value choice. Analysts rate Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) a "Hold" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CHT or TLK?
On trailing P/E, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) is the cheapest at 12.
4x versus Chunghwa Telecom Co. , Ltd. at 27. 2x. On forward P/E, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk is actually cheaper at 0. 0x.
03Which is the better long-term investment — CHT or TLK?
Over the past 5 years, Chunghwa Telecom Co.
, Ltd. (CHT) delivered a total return of +20. 6%, compared to -1. 5% for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK). Over 10 years, the gap is even starker: CHT returned +63. 1% versus TLK's -4. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CHT or TLK?
By beta (market sensitivity over 5 years), Chunghwa Telecom Co.
, Ltd. (CHT) is the lower-risk stock at 0. 19β versus Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's 0. 77β — meaning TLK is approximately 299% more volatile than CHT relative to the S&P 500. On balance sheet safety, Chunghwa Telecom Co. , Ltd. (CHT) carries a lower debt/equity ratio of 9% versus 47% for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk — giving it more financial flexibility in a downturn.
05Which is growing faster — CHT or TLK?
By revenue growth (latest reported year), Chunghwa Telecom Co.
, Ltd. (CHT) is pulling ahead at 3. 3% versus 0. 5% for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK). On earnings-per-share growth, the picture is similar: Chunghwa Telecom Co. , Ltd. grew EPS 4. 2% year-over-year, compared to -3. 7% for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. Over a 3-year CAGR, CHT leads at 3. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CHT or TLK?
Chunghwa Telecom Co.
, Ltd. (CHT) is the more profitable company, earning 16. 4% net margin versus 15. 7% for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk — meaning it keeps 16. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TLK leads at 28. 7% versus 20. 6% for CHT. At the gross margin level — before operating expenses — TLK leads at 67. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CHT or TLK more undervalued right now?
On forward earnings alone, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) trades at 0.
0x forward P/E versus 0. 8x for Chunghwa Telecom Co. , Ltd. — 0. 8x cheaper on a one-year earnings basis.
08Which pays a better dividend — CHT or TLK?
All stocks in this comparison pay dividends.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) offers the highest yield at 6. 0%, versus 3. 7% for Chunghwa Telecom Co. , Ltd. (CHT).
09Is CHT or TLK better for a retirement portfolio?
For long-horizon retirement investors, Chunghwa Telecom Co.
, Ltd. (CHT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 19), 3. 7% yield). Both have compounded well over 10 years (CHT: +63. 1%, TLK: -4. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CHT and TLK?
Both stocks operate in the Communication Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: CHT is a mid-cap income-oriented stock; TLK is a mid-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(CHT: 1.4% · TLK: -0.9%)Net Margin>
%
(CHT: 16.5% · TLK: 14.7%)P/E Ratio<
x
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