Chunghwa Telecom Co., Ltd. (CHT) 10-Year Financial Performance & Capital Metrics

CHT • • Utilities

Communication ServicesTelecom ServicesInternational & Regional CarriersAsia-Pacific Carriers

AboutChunghwa 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, International Fixed Communications Business, and Others segments. The company offers local and domestic long-distance telephone, broadband access, and related services; information and communication technology and VAS services; and interconnection with its fixed-line network to other mobile and fixed-line operators. It also provides mobile; HiNet Internet, data communication, and cloud; Internet data center; and international long-distance telephone and data services. In addition, the company distributes and sells mobile handsets, data cards, electronic materials, and computing and business machinery equipment and software; designs, develops, manufactures, sells, and services semiconductor testing components, printed circuit boards, and electronic components and finished products, and automatic license plate recognition software and hardware products. Further, it offers real estate development and property management; system, network, and communications integration; intelligent buildings and energy network; digital information supply and advertisement; property and liability insurance agency; family education; computing equipment installation; management consultancy; data processing; telecommunication engineering; Internet identify; and information and communication solution services. Additionally, the company provides software design services, and Internet contents production and play services; motion picture production and distribution; and energy saving solutions and international circuits, and services for electronic parts and machinery processed products. The company was incorporated in 1996 and is headquartered in Taipei City, Taiwan.Show more

Revenue $228.57B +3.2%
EBITDA $86.49B +0.6%
Net Income $37.19B +0.6%
Free Cash Flow $50.25B +106.1%
EBITDA Margin 37.84% -2.6%
Net Margin 16.27% -2.5%
ROE 9.43%
Interest Coverage 138.27 -4.8%
Debt/Equity 0.11 -1.7%
Net Debt/EBITDA 0.08 -29.4%
CapEx / Revenue 12.58% -44.5%
CapEx Coverage 2.76 +85.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong interest coverage of 138.3x
✓Trading at only 0.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.09%

5Y4.97%

3Y2.96%

TTM4.12%

Profit (Net Income) CAGR

10Y-0.38%

5Y2.45%

3Y1.45%

TTM5.1%

EPS CAGR

10Y-0.37%

5Y2.57%

3Y1.36%

TTM5.32%

ROCE

10Y Avg12.77%

5Y Avg14.04%

3Y Avg10.29%

Latest10.32%

Peer Comparison

Asia-Pacific Carriers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KYIVKyivstar Group Ltd. Common Shares	2.8B	12.12	9.85	0.44%	30.79%	28.77%	6.5%	0.83
CHTChunghwa Telecom Co., Ltd.	32.7B	42.15	0.88	3.2%	16.37%	9.83%	100%	0.11
TKCTurkcell Iletisim Hizmetleri A.S.	5.12B	5.88	0.22	55.6%	7.36%	6.44%	100%	0.56
PHIPLDT Inc.	4.8B	22.23	0.15	2.79%	13.37%	24.12%	100%	2.88
KTKT Corporation	9.3B	19.29	0.02	0.55%	3.54%	5.16%	100%	0.64
SKMSK Telecom Co.,Ltd	8.02B	20.91	0.01	1.89%	5.68%	8.47%	100%	0.91
TLKPerusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk	21.62B	21.82	0.00	0.5%	14.76%	14.04%	100%	0.47

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	231.8B	229.99B	227.51B	215.48B	179.32B	207.39B	209.44B	215.71B	221.5B	228.57B
Revenue Growth %	0.02%	-0.01%	-0.01%	-0.05%	-0.17%	0.16%	0.01%	0.03%	0.03%	0.03%
Cost of Revenue	148.13B	147.55B	146.84B	139.55B	116.06B	137.03B	135.11B	136.72B	141.77B	146.58B
Gross Profit+	83.67B	82.44B	80.68B	75.94B	63.27B	70.58B	74.33B	78.99B	79.73B	81.99B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.07%	-0.01%	-0.02%	-0.06%	-0.17%	0.12%	0.05%	0.06%	0.01%	0.03%
Operating Expenses+	33.2B	33.84B	33.87B	32.4B	24.9B	28B	29.4B	32.17B	33.38B	35.12B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	83.81B	80.57B	78.61B	77.45B	74.69B	78.73B	83.33B	86.25B	86.01B	86.49B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.06%	-0.04%	-0.02%	-0.01%	-0.04%	0.05%	0.06%	0.04%	-0%	0.01%
Depreciation & Amortization+	33.45B	32.47B	31.91B	33.81B	36.35B	36.37B	38.4B	39.43B	39.66B	39.62B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	50.36B	48.11B	46.7B	43.64B	38.35B	42.36B	44.93B	46.83B	46.35B	46.87B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.12%	-0.04%	-0.03%	-0.07%	-0.12%	0.1%	0.06%	0.04%	-0.01%	0.01%
Interest Expense+	33.14M	19.81M	21.91M	17.6M	3.37M	206M	218M	263M	319M	339M
Interest Coverage	1519.47x	2428.58x	2131.29x	2480.32x	11382.29x	205.64x	206.10x	178.04x	145.31x	138.27x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Pretax Income+	51.97B	49.38B	48B	44.98B	40.26B	42.83B	46.07B	47.2B	47.01B	47.84B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	8.3B	8.15B	7.95B	8.52B	7.47B	8.12B	9.02B	9.34B	8.95B	9.33B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	42.81B	40.07B	38.87B	35.5B	32.95B	33.42B	35.62B	36.36B	36.96B	37.19B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.11%	-0.06%	-0.03%	-0.09%	-0.07%	0.01%	0.07%	0.02%	0.02%	0.01%
EPS (Diluted)+	55.00	51.60	50.00	45.70	42.20	43.00	46.00	47.00	47.60	47.90
EPS Growth %	0.11%	-0.06%	-0.03%	-0.09%	-0.08%	0.02%	0.07%	0.02%	0.01%	0.01%
EPS (Basic)	55.20	51.60	50.10	45.80	42.30	43.10	46.10	47.00	47.60	47.90
Diluted Shares Outstanding	777.57M	776.94M	776.79M	776.65M	776.53M	776.46M	776.5M	776.5M	776.57M	777.49M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	453.02B	447.13B	451.12B	467.27B	477.13B	18.02B	512.88B	523B	523.74B	534.3B
Asset Growth %	0.01%	-0.01%	0.01%	0.04%	0.02%	-0.96%	27.46%	0.02%	0%	0.02%
PP&E (Net)+	296.4B	291.17B	288.71B	288.91B	295.06B	10.41B	300.15B	302.63B	303.58B	300.75B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	76.21B	81.62B	79.33B	91.69B	94.07B	2.89B	91.02B	101.9B	103.2B	112.97B
Cash & Equivalents	30.27B	31.1B	28.82B	27.64B	34.05B	1.08B	39.78B	50.19B	33.82B	36.26B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	10.66B	9.2B	10.9B	17.54B	19.68B	441.63M	14.16B	14.7B	13.75B	14.09B
Other Current Assets	3.34B	3.37B	1.38B	1.5B	94M	138.01M	143M	191M	801M	1.45B
Long-Term Investments	11.8B	8.37B	9.3B	11.39B	16.07B	992.24M	12.66B	12.46B	14.7B	17.55B
Goodwill	218.15M	218.15M	209.52M	209.52M	200M	8.77M	217M	217M	217M	217M
Intangible Assets	50.23B	47.14B	54.67B	50.73B	46.85B	3.2B	83.73B	78.97B	74.24B	69.19B
Other Assets	16.11B	16.3B	16.17B	20.77B	21.62B	409.42M	22.31B	24.62B	25.71B	31.95B
Total Liabilities	79.01B	75.93B	77.54B	80.7B	92.86B	4.17B	123.75B	131.47B	131.02B	138.49B
Total Debt+	1.86B	1.74B	1.67B	1.7B	11.45B	1.36B	38.91B	43.47B	43.64B	43.23B
Net Debt	-28.41B	-29.36B	-27.15B	-25.94B	-22.6B	278.44M	-864M	-6.72B	9.82B	6.97B
Long-Term Debt	1.74B	1.6B	1.6B	1.6B	1.6B	711.09M	28.58B	32.08B	30.48B	23.32B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	0	9.76B	6.22B	10.27B	10.67B	10.97B	10.89B
Total Current Liabilities+	58.53B	60.11B	59.99B	61.39B	66.14B	2.54B	66.23B	67.74B	67.75B	82B
Accounts Payable	16.3B	18.81B	19.4B	20.46B	15.31B	554.87M	18.06B	16.43B	14.4B	17.74B
Accrued Expenses	15.02B	14.17B	14.03B	12.98B	11.53B	396.49M	11.14B	13.61B	13.87B	14.34B
Deferred Revenue	9.57B	10.06B	8.84B	10.69B	16.84B	478.21M	12.23B	13.39B	14.09B	16.3B
Other Current Liabilities	27.09B	26.98B	26.5B	27.84B	2.63B	528.51M	3.29B	1.24B	1.32B	1.49B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	18.6B	12.76B	14.52B	15.72B	5.14B	364.2M	7.51B	9.18B	9.99B	10.33B
Total Equity+	374.01B	371.2B	373.58B	386.57B	384.27B	13.85B	389.13B	391.53B	392.72B	395.81B
Equity Growth %	0.01%	-0.01%	0.01%	0.03%	-0.01%	-0.96%	27.09%	0.01%	0%	0.01%
Shareholders Equity	368.74B	364.7B	364.88B	376.56B	374.16B	13.45B	377.38B	379.12B	380.29B	382.83B
Minority Interest	5.27B	6.5B	8.7B	10.01B	10.12B	403.14M	11.75B	12.41B	12.43B	12.98B
Common Stock	77.57B	77.57B	77.57B	77.57B	77.57B	2.76B	77.57B	77.57B	77.57B	77.57B
Additional Paid-in Capital	146.73B	147.34B	147.35B	147.35B	149.76B	5.24B	149.81B	149.84B	149.83B	150.05B
Retained Earnings	122.8B	118.59B	117.46B	127.39B	146.23B	1.82B	150.41B	151.93B	152.53B	154.61B
Accumulated OCI	269M	-5.4M	382.67M	459.91M	587M	3.62B	-408M	-223M	0	0
Return on Assets (ROA)	0.1%	0.09%	0.09%	0.08%	0.07%	0.13%	0.13%	0.07%	0.07%	0.07%
Return on Equity (ROE)	0.12%	0.11%	0.1%	0.09%	0.09%	0.17%	0.18%	0.09%	0.09%	0.09%
Debt / Equity	0.00x	0.00x	0.00x	0.00x	0.03x	0.10x	0.10x	0.11x	0.11x	0.11x
Debt / Assets	0%	0%	0%	0%	0.02%	0.08%	0.08%	0.08%	0.08%	0.08%
Net Debt / EBITDA	-0.34x	-0.36x	-0.35x	-0.33x	-0.30x	0.00x	-0.01x	-0.08x	0.11x	0.08x
Book Value per Share	481	477.77	480.93	497.74	494.86	17.84	501.13	504.22	505.71	509.08

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	76.32B	64.95B	70.93B	66.37B	72.43B	74.46B	74.86B	75.95B	74.56B	79.24B
Operating CF Growth %	0.07%	-0.15%	0.09%	-0.06%	0.09%	0.03%	0.01%	0.01%	-0.02%	0.06%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	51.97B	49.38B	48B	44.98B	41.87B	42.83B	46.07B	47.2B	36.96B	47.84B
Depreciation & Amortization	33.45B	32.48B	31.93B	31.87B	35.18B	36.37B	38.4B	39.43B	40.51B	39.62B
Deferred Taxes	-7.35B	-7.79B	-5.67B	-10.63B	0	0	0	0	0	0
Other Non-Cash Items	-273.02M	-169.04M	-180.97M	1.76B	-7.92B	-7.93B	-7.64B	-7.85B	-697.5M	-9.09B
Working Capital Changes	-1.5B	-8.97B	-3.17B	-1.63B	3.3B	3.19B	-1.98B	-2.85B	-2.22B	863M
Capital Expenditures+	-35.46B	-23.8B	-38.18B	-29.05B	-24.53B	-71.12B	-35.59B	-33.43B	-50.17B	-28.99B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-30.45B	-21.66B	-36.72B	-32.61B	-27.13B	-68.25B	-31.17B	-30.79B	-50.17B	-35.33B
Acquisitions	-103.43M	152.11M	-10.24B	-182.34M	-4.16B	344M	-321M	288M	-1.55B	-776M
Purchase of Investments	-12.53B	-4.17B	-6.63B	-10.01B	-14.88B	-5.34B	-17.73B	-6.05B	-45.68B	-75.39B
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	1.32B	1.37B	10.52B	964.42M	-594M	-46.7B	825M	-891M	-799.69M	-456M
Cash from Financing+	-39.19B	-42.52B	-36.61B	-35.04B	-38.93B	-9.8B	-34.31B	-34.8B	-40.73B	-41.52B
Dividends Paid	-37.67B	-42.55B	-38.34B	-37.2B	-34.75B	-32.78B	-33.4B	-35.75B	-36.48B	-36.91B
Dividend Payout Ratio %	0.88%	1.06%	0.99%	1.05%	1.05%	0.98%	0.94%	0.98%	0.99%	0.99%
Debt Issuance (Net)	-1000K	-1000K	-1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K
Stock Issued	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	-329.58M	155M	1.8B	2.14B	-450M	-309M	2.82B	566M	-233M	-327M
Net Change in Cash+	6.71B	828.92M	-2.28B	-1.18B	6.41B	-3.63B	9.36B	10.41B	-16.37B	2.44B
Exchange Rate Effect	1000K	1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	1000K
Cash at Beginning	23.56B	30.27B	31.1B	28.82B	27.64B	34.05B	30.42B	39.78B	50.19B	33.82B
Cash at End	30.27B	31.1B	28.82B	27.64B	34.05B	30.42B	39.78B	50.19B	33.82B	36.26B
Free Cash Flow+	40.86B	41.15B	32.75B	37.32B	47.9B	3.34B	39.27B	42.52B	24.39B	50.25B
FCF Growth %	0.07%	0.01%	-0.2%	0.14%	0.28%	-0.93%	10.76%	0.08%	-0.43%	1.06%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.51%	10.75%	10.44%	9.34%	8.55%	16.79%	17.68%	9.31%	9.43%	9.43%
EBITDA Margin	36.16%	35.03%	34.55%	35.94%	41.65%	37.96%	39.79%	39.99%	38.83%	37.84%
Net Debt / EBITDA	-0.34x	-0.36x	-0.35x	-0.33x	-0.30x	0.00x	-0.01x	-0.08x	0.11x	0.08x
Interest Coverage	1519.47x	2428.58x	2131.29x	2480.32x	11382.29x	205.64x	206.10x	178.04x	145.31x	138.27x
CapEx / Revenue	15.3%	10.35%	16.78%	13.48%	13.48%	11.34%	16.87%	14.62%	22.65%	12.58%
Dividend Payout Ratio	88.01%	106.2%	98.62%	104.8%	105.46%	98.1%	93.79%	98.32%	98.7%	99.25%
Debt / Equity	0.00x	0.00x	0.00x	0.00x	0.03x	0.10x	0.10x	0.11x	0.11x	0.11x
EPS Growth	10.66%	-6.18%	-3.1%	-8.6%	-7.66%	1.9%	6.98%	2.17%	1.28%	0.63%

Revenue by Segment

	2017	2018	2019	2020	2021	2022
Mobile Services	75.82B	63.91B	58.7B	56.72B	58.05B	-
Mobile Services Growth	-	-15.72%	-8.14%	-3.37%	2.33%	-
Sales Of Product	37.65B	41.29B	41.59B	39.39B	42.91B	-
Sales Of Product Growth	-	9.67%	0.74%	-5.29%	8.93%	-
Local Telephone And Domestic Long Distance Telephone Services	32.25B	30B	27.93B	26.48B	25.7B	-
Local Telephone And Domestic Long Distance Telephone Services Growth	-	-6.98%	-6.89%	-5.21%	-2.91%	-
Broadband Access And Domestic Leased Line Services	22.95B	22.45B	22.12B	22.42B	23.01B	-
Broadband Access And Domestic Leased Line Services Growth	-	-2.17%	-1.50%	1.37%	2.64%	-
Data Communications Internet Services	21.14B	21.14B	21B	21.45B	22.28B	-
Data Communications Internet Services Growth	-	-0.03%	-0.63%	2.11%	3.89%	-
International Network And Leased Telephone Services	9.33B	8.72B	7.07B	-	-	-
International Network And Leased Telephone Services Growth	-	-6.48%	-19.01%	-	-	-
Other Products And Services	28.37B	-	-	-	-	-
Other Products And Services Growth	-	-	-	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022
Country of domicile	-	-	-	-	-	209.73B
Country of domicile Growth	-	-	-	-	-	-
Foreign countries	-	-	-	-	-	7.01B
Foreign countries Growth	-	-	-	-	-	-
Country Of Domicile	217.57B	205.7B	197.9B	200.88B	204.47B	-
Country Of Domicile Growth	-	-5.46%	-3.79%	1.51%	1.79%	-
Foreign Countries	9.95B	9.79B	9.63B	6.73B	6B	-
Foreign Countries Growth	-	-1.60%	-1.66%	-30.10%	-10.75%	-

Frequently Asked Questions

Valuation & Price

Chunghwa Telecom Co., Ltd. (CHT) has a price-to-earnings (P/E) ratio of 0.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Chunghwa Telecom Co., Ltd. (CHT) reported $234.49B in revenue for fiscal year 2024. This represents a 8% increase from $217.49B in 2011.

Chunghwa Telecom Co., Ltd. (CHT) grew revenue by 3.2% over the past year. Growth has been modest.

Yes, Chunghwa Telecom Co., Ltd. (CHT) is profitable, generating $38.38B in net income for fiscal year 2024 (16.3% net margin).

Dividend & Returns

Yes, Chunghwa Telecom Co., Ltd. (CHT) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

Chunghwa Telecom Co., Ltd. (CHT) has a return on equity (ROE) of 9.4%. This is below average, suggesting room for improvement.

Chunghwa Telecom Co., Ltd. (CHT) generated $8.47B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Chunghwa Telecom Co., Ltd. (CHT) has a dividend payout ratio of 99%. The high payout ratio may limit dividend growth.

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