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Chunghwa Telecom Co Ltd (CHT)
NYSE:CHT
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Chunghwa Telecom Co
(NYSE:CHT)
80Outperform
Chunghwa Telecom Co (CHT) vs. S&P 500 (SPY)
Market Cap
$30.07B
Dividend Yield2.9%
Average Volume (3M)111.23K
Price to Earnings (P/E)26.2
Beta (1Y)0.19
Revenue Growth0.05%
EPS Growth-2.28%
CountryUS
Employees32,383
SectorCommunication Services
Sector Strength79
IndustryTelecommunications
Share Statistics
EPS (TTM)1.49
Shares Outstanding775,744,700
10 Day Avg. Volume120,923
30 Day Avg. Volume111,229
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)4.46
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Chunghwa Telecom Co Business Overview & Revenue Model
Company DescriptionIncorporated in 1996, Taiwan-based Chunghwa Telecom Co., Ltd. is a telecommunications company. The company offers domestic & international fixed communication, mobile communication, broadband, Internet services. The Company also provides information and communication technology services, and innovative technology services such as Internet of things and artificial intelligence.
How the Company Makes MoneyChunghwa Telecom Co generates revenue through several key streams. The primary source of income is its mobile services, which include voice, data, and value-added services for both consumer and enterprise customers. Fixed-line services, including local, long-distance, and international telephony, also contribute significantly to the company's earnings. Broadband and Internet services are another crucial revenue stream, with offerings ranging from basic internet access to high-speed fiber-optic connections. In addition to these core services, Chunghwa Telecom earns income through its ICT solutions, which encompass cloud computing, data centers, and enterprise solutions. The company also engages in strategic partnerships and collaborations to enhance its service offerings and expand its market reach, further boosting its revenue potential.
Chunghwa Telecom Co Financial Statement Overview
Summary
Chunghwa Telecom presents a strong financial position with solid profitability, a stable balance sheet, and efficient cash flow management. Despite a decline in revenue growth, the company maintains robust margins and a healthy equity base, positioning it well in the telecommunications industry.Income Statement
Chunghwa Telecom exhibits solid profitability with a strong Gross Profit Margin and EBIT Margin. The Net Profit Margin is robust, indicating efficient cost management. However, the TTM revenue growth rate shows a decline compared to the previous year, suggesting challenges in sustaining revenue levels.85
Very Positive
Balance Sheet
The company maintains a healthy balance sheet with a strong equity base, reflected in a favorable Equity Ratio. The Debt-to-Equity Ratio remains manageable, suggesting prudent leverage levels. Return on Equity is solid, although there is a slight decrease in total assets.80
Positive
Cash Flow
Chunghwa Telecom demonstrates strong cash flow management, with a positive Free Cash Flow and a healthy Operating Cash Flow to Net Income Ratio. The Free Cash Flow Growth Rate is also promising, indicating efficient capital expenditure management.88
Very Positive
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 190.25B | 223.20B | 136.72B | 209.44B | 207.61B | 179.32B | Gross Profit |
| 35.95B | 81.43B | 375.00K | 74.33B | 70.58B | 63.27B | EBIT |
| 37.61B | 46.35B | 46.82B | 44.93B | 42.36B | 38.35B | EBITDA |
| 85.28B | 87.58B | 86.90B | 84.69B | 77.69B | 74.06B | Net Income Common Stockholders |
| 24.15B | 36.96B | 36.36B | 35.62B | 33.42B | 32.79B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 52.40B | 53.28B | 53.81B | 44.84B | 36.55B | 27.95B | Total Assets |
| 523.94B | 523.74B | 523.20B | 513.07B | 506.38B | 457.32B | Total Debt |
| 43.64B | 43.64B | 43.47B | 38.91B | 38.24B | 8.70B | Net Debt |
| 9.82B | 9.82B | -6.72B | -864.70M | 7.82B | -16.39B | Total Liabilities |
| 129.04B | 131.02B | 129.43B | 121.81B | 117.12B | 81.21B | Stockholders Equity |
| 382.31B | 380.29B | 381.18B | 379.33B | 377.93B | 376.11B |
| Cash Flow | Free Cash Flow | ||||
| 46.12B | 43.58B | 42.52B | 39.27B | 3.34B | 47.43B | Operating Cash Flow |
| 75.29B | 74.56B | 75.95B | 74.86B | 74.46B | 70.14B | Investing Cash Flow |
| -34.53B | -50.17B | -30.79B | -31.17B | -68.25B | -24.17B | Financing Cash Flow |
| -41.56B | -40.73B | -34.80B | -34.31B | -9.80B | -37.81B |
Chunghwa Telecom Co Technical Analysis
Positive
38.75
Price Trends
38.39
Positive
38.20
Positive
38.11
Positive
Market Momentum
0.16
Positive
49.10
Neutral
54.01
Neutral
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 38.75 is below the 20-day moving average (MA) of 38.87, above the 50-day MA of 38.39, and above the 200-day MA of 38.11, indicating a neutral trend. The MACD of 0.16 indicates Positive momentum. The RSI at 49.10 is Neutral, neither overbought nor oversold. The STOCH value of 54.01 is Neutral, 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 0 New Risks
Chunghwa Telecom Co Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $30.07B | 26.18 | 9.58% | 2.90% | 0.05% | -2.28% | |
76 Outperform | $186.70B | 18.29 | 10.54% | 4.07% | -0.08% | -24.48% | |
76 Outperform | $293.05B | 27.59 | 17.93% | 1.15% | 3.62% | 38.24% | |
73 Outperform | $195.71B | 11.11 | 18.27% | 5.78% | 0.61% | 50.39% | |
61 Neutral | $6.03B | ― | -17.99% | ― | 34.38% | 24.90% | |
59 Neutral | $29.20B | 0.14 | -13.78% | 4.02% | 2.18% | -51.50% | |
49 Neutral | $4.94B | ― | -12.49% | ― | -9.95% | 99.47% |
* Communication Services Sector Average
Performance Comparison
CHT
Chunghwa Telecom Co
38.75
1.49
4.00%
T
AT&T
26.01
9.76
60.06%
LUMN
Lumen Technologies
4.87
3.23
196.95%
VZ
Verizon
43.43
5.72
15.17%
TMUS
T Mobile US
256.67
94.86
58.62%
S
SentinelOne
18.75
-9.19
-32.89%
Chunghwa Telecom Co Earnings Call Summary
Earnings Call Date: Jan 23, 2025 | % Change Since: 2.43% | Next Earnings Date: May 1, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance and growth across multiple business segments, particularly in ICT and 5G, underscoring the company's strategic success and leadership in the market. While there were minor declines in specific areas, such as international voice revenue, these were outweighed by positive achievements.Highlights
Record Financial Performance
Operating income, income before tax, and EPS for 2024 exceeded forecasts, with full-year EPS reaching a 7-year high of TWD 4.8.
Strong Revenue Growth
Revenue for 2024 reached a 7-year high, driven by robust growth across all business sectors.
Subscriber and 5G Growth
Overall subscriber share reached 37.9%, and 5G subscriber share reached 38.8%, maintaining industry leadership.
ICT Business Expansion
ICT business revenue grew by 24.1% year-over-year, with strong performance in IDC, cloud, and cybersecurity services.
Sustainability and Recognition
Chunghwa Telecom maintained its position in the Dow Jones Sustainability World Index and received high ESG ratings.
EPS and Income Growth
Fourth quarter EPS reached 1.16, the highest in 9 years, with income from operations and net income increasing by 11.5% and 9%, respectively.
Lowlights
Decline in International Voice Revenue
IBG's total revenue slightly decreased by 2.3% due to a decline in international voice revenue.
Flat Performance in Core Enterprise Business
Despite growth in ICT, the decline in mobile voice and fixed voice revenue led to flat year-over-year performance in the EBG core business.
Company Guidance
During the fourth quarter 2024 earnings call for Chunghwa Telecom, several key financial metrics and guidance for 2025 were discussed. The company reported that its operating income, income before tax, and EPS for 2024 surpassed expectations, with revenue reaching a seven-year high. Specifically, the full-year EPS was TWD 4.8, marking five consecutive years of growth. In Q4, the mobile service revenue increased by 1.7% year-over-year, driven by a 45% rise in the average monthly fee from 5G migrations. The Enterprise Business Group's revenue grew by 10.2% year-over-year, with the ICT business showing a robust 24.1% growth. The company aims for a 1.2% to 1.6% revenue growth in 2025, supported by continuing momentum in its core and ICT businesses. Additionally, a capital expenditure of TWD 32.36 billion is planned for 2025, with a focus on AI and data centers, representing a 25.2% increase in non-mobile-related investments.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.