Chunghwa Telecom CHT
TaiwanCommunication Services · Telecom ServicesUSD
48.08 USD (+5.0%)
1 analysts
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Chunghwa Telecom is Taiwan's dominant telecommunications operator, offering fixed and mobile telephony, internet, and IT solutions, with a market position inherited from its past as a state monopoly.
Key points
from its scores- ✓Very solid balance sheet8.8
- ✓Favourable backdrop8.7
- ✕Little or no dividend4.7
- !Somewhat demanding valuation5.2
- !Weak share-price trend5.7
AI analysis
bottom line, main risk, context and newsFundamentals are solid and the balance sheet is conservative, but the valuation offers no clear margin of safety and Taiwan's geopolitical risk warrants caution.
Chunghwa Telecom has excellent financial health (score 8.84) with net cash (ND/EBITDA -0.46) and an operating margin of 21.61%, although its valuation (P/E 27.91) and growth (4.60%) are moderate. The 3.31% dividend is attractive, but the payout of 0.00 creates uncertainty about its sustainability.
The main risk is geopolitical concentration in Taiwan, where an escalation in the strait could disrupt operations and damage network infrastructure, directly impacting revenue generation.
Context and risks
Chunghwa Telecom operates in Taiwan, a jurisdiction with structural geopolitical risk due to tensions in the strait, which could affect network infrastructure and operational stability. Additionally, its status as a former state monopoly exposes it to moderate regulatory risk regarding tariff setting and competition in the telecom market.
Is Chunghwa Telecom stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 48% above the Communication Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 27.9 | 17.1 | +63% |
| EV / EBITDA | 12.7 | 9.6 | +32% |
| Price / book | 2.9 | 2.3 | +27% |
| Price / sales | 4.6 | 1.9 | +138% |
Sector: median of the 102 Communication Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.2 out of 10 (median for Communication Services: 6.3).
Average analyst target: 48.08 USD, +5.0% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 5.8 (sector 6.1), Growth 6.0 (sector 5.4).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Communication Services medianValuation
- P/E
- 27.9
- Forward P/E
- 29.2
- EV / EBITDA
- 12.7
- Price / book
- 2.9
- Price / sales
- 4.6
- PEG
- 1.69
- Market cap
- 35.5B USD
- Enterprise value
- 1.09T TWD
Profitability
- ROE
- 10.9%
- ROA
- 5.7%
- ROIC (approx.)
- 12.5%
- Gross margin
- 36.5%
- Operating margin
- 21.6%
- Net margin
- 16.1%
- Free cash flow
- 49.4B TWD
- FCF yield
- 4.4%
- Cash conversion
- 57%
Solvency
- Total debt
- 38.2B TWD
- Net debt
- −39.8B TWD
- Cash
- 78.0B TWD
- EBITDA
- 86.0B TWD
- Net debt / EBITDA
- −0.46
- Debt / equity
- 10.00
- Current ratio
- 1.22
- Quick ratio
- 0.97
Growth
- Revenue growth
- +8.2%
- Earnings growth
- +4.6%
- EPS (TTM)
- 1.64 USD
- EPS (forward)
- 1.57 USD
Dividend
- Dividend yield
- 3.5%
- Payout
- 0.0%
Risk and market
- Beta
- 0.10
- Analyst consensus
- none (1)
- Target price
- 48.08 USD
- 52-week range
- 39.28 – 46.48
Recent news
All CHT news →Compare it with its sector
All 102 in Communication Services →Frequently asked questions about Chunghwa Telecom
Is Chunghwa Telecom stock cheap or expensive?
On P/E and EV / EBITDA, it trades 48% above the Communication Services median on average. Valuation score: 5.2 out of 10 (median for Communication Services: 6.3). Average analyst target: 48.08 USD, +5.0% versus the price. This is not investment advice.
What score does Chunghwa Telecom get on MeridIAn Screener?
It scores 6.7 out of 10, rank 369 of 2,130 (better than 80% of the companies analysed). Its strongest category is Financial health (8.8) and its weakest, Dividend (4.7). Analysis of 08/10/2026.
What is Chunghwa Telecom's P/E ratio?
Its P/E is 27.9: the share price equals 27.9 times earnings per share over the last 12 months. The Communication Services median is 17.1. Based on the earnings analysts expect, the forward P/E is 29.2.
How much is Chunghwa Telecom worth on the stock market?
Its market capitalisation is 35.5B USD and its enterprise value, debt included, is 1.09T USD.
How much debt does Chunghwa Telecom have?
It has more cash than debt: net cash of 39.8B TWD.
Does Chunghwa Telecom pay a dividend?
Yes: its dividend yield is 3.52%.
How has Chunghwa Telecom stock performed over the last year?
It has risen 10.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 39.28 and 46.48 USD. Past performance does not guarantee future results.
What do analysts think of Chunghwa Telecom?
1 analysts cover it; their average recommendation is “none” and their average target is 48.08 USD (+5.0% versus the price). It is an estimate, not market data.