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Chunghwa Telecom Co Ltd (CHT)



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Upturn Advisory Summary
04/01/2025: CHT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -6.02% | Avg. Invested days 51 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 30.43B USD | Price to earnings Ratio 27.04 | 1Y Target Price 41.67 |
Price to earnings Ratio 27.04 | 1Y Target Price 41.67 | ||
Volume (30-day avg) 119290 | Beta 0.08 | 52 Weeks Range 35.92 - 40.62 | Updated Date 04/1/2025 |
52 Weeks Range 35.92 - 40.62 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 3.76% | Basic EPS (TTM) 1.45 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 16.18% | Operating Margin (TTM) 17.63% |
Management Effectiveness
Return on Assets (TTM) 5.52% | Return on Equity (TTM) 9.72% |
Valuation
Trailing PE 27.04 | Forward PE 26.32 | Enterprise Value 29612401740 | Price to Sales(TTM) 0.13 |
Enterprise Value 29612401740 | Price to Sales(TTM) 0.13 | ||
Enterprise Value to Revenue 4.29 | Enterprise Value to EBITDA 11.19 | Shares Outstanding 775745024 | Shares Floating 3966692716 |
Shares Outstanding 775745024 | Shares Floating 3966692716 | ||
Percent Insiders - | Percent Institutions 2.35 |
Analyst Ratings
Rating 3 | Target Price 41.67 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Chunghwa Telecom Co Ltd

Company Overview
History and Background
Chunghwa Telecom Co., Ltd. (CHT) was founded in July 1996 as part of Taiwan's telecommunications liberalization. It was originally the Directorate General of Telecommunications (DGT) under the Ministry of Transportation and Communications. CHT became a publicly listed company in 2000.
Core Business Areas
- Fixed-Line Communications: Provides fixed-line telephone services, broadband internet access, and enterprise network solutions.
- Mobile Communications: Offers mobile voice and data services, including 4G and 5G connectivity.
- Internet Services: Provides a range of internet services, including broadband access, content delivery, and cloud solutions.
- Information and Communication Technology (ICT): Offers ICT solutions to enterprises, including system integration, cloud computing, and cybersecurity services.
Leadership and Structure
The company is led by a board of directors and a management team. The current Chairman is Kuo-Hwa Wu. The organizational structure includes business groups focused on consumer, enterprise, and international markets.
Top Products and Market Share
Key Offerings
- Mobile Services (5G/4G): CHT is the leading mobile operator in Taiwan. Market share approximately 37%. Competitors include Taiwan Mobile and Far EasTone Telecommunications. Provides both consumer and business mobile services. Significant revenue generator.
- Broadband Services: CHT holds a dominant position in the broadband market in Taiwan. Market share approximately 75%. Competitors include cable TV operators offering broadband services such as Kbro and TBC. Delivers high-speed internet access to households and businesses.
- Cloud Services: CHT provides cloud computing solutions to businesses, including infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). Growing market with increasing competition from international players like AWS and Microsoft Azure. Growing steadily in revenue.
Market Dynamics
Industry Overview
The telecommunications industry is evolving rapidly with the deployment of 5G networks, the increasing adoption of cloud services, and the growing demand for digital transformation solutions. Highly competitive market with increasing consolidation.
Positioning
CHT is the largest integrated telecommunications operator in Taiwan, leveraging its extensive infrastructure and brand recognition. It benefits from its scale and a comprehensive portfolio of services. Its advantages include a large subscriber base and established infrastructure.
Total Addressable Market (TAM)
The TAM for telecommunications and related IT services in Taiwan is estimated at $20 Billion USD annually. CHT has a strong positioning to capture a significant portion of this market given its comprehensive service offerings.
Upturn SWOT Analysis
Strengths
- Dominant market share in fixed-line and mobile services
- Extensive infrastructure and network coverage
- Strong brand recognition and customer loyalty
- Comprehensive portfolio of services
Weaknesses
- Relatively slow growth in new business areas
- Exposure to regulatory risks
- High operating costs due to legacy infrastructure
- Dependence on the Taiwan market
Opportunities
- Expansion into new business areas such as IoT and AI
- Leveraging 5G technology for new applications and services
- Expanding international presence
- Growing demand for cloud services and digital transformation solutions
Threats
- Intense competition from other telecommunications operators
- Disruptive technologies such as over-the-top (OTT) services
- Regulatory changes
- Economic slowdown in Taiwan
Competitors and Market Share
Key Competitors
- Taiwan Mobile (TWMC)
- Far EasTone Telecommunications (FET)
- Asia Pacific Telecom (APT)
Competitive Landscape
CHT benefits from its extensive infrastructure and established customer base. However, Taiwan Mobile and Far EasTone are aggressive competitors. APT has a small share but is very focused on the IoT market.
Major Acquisitions
Ambit Microsystems
- Year: 2006
- Acquisition Price (USD millions): 109
- Strategic Rationale: Expanded CHT's capabilities in broadband and networking solutions, enhancing its competitiveness in the enterprise market.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been steady, primarily driven by its dominant market position. It has faced challenges with slower growth in recent years.
Future Projections: Analyst estimates suggest moderate revenue growth of 2-4% annually. Profitability is expected to remain stable. Growth is expected to come from its new service offerings and expansion of its ICT business.
Recent Initiatives: Recent initiatives include investments in 5G infrastructure, expansion of cloud services, and development of IoT solutions.
Summary
Chunghwa Telecom is a dominant telecommunications player in Taiwan, benefiting from a strong market share and extensive infrastructure. While its historical growth has been steady, future growth relies on new initiatives in 5G, cloud, and IoT. Competition and regulatory changes pose potential challenges, but CHT's financial strength and established position provide a solid foundation for the future.
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Sources and Disclaimers
Data Sources:
- Company Financial Reports
- Industry Analyst Reports
- Market Research Data
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Chunghwa Telecom Co Ltd
Exchange NYSE | Headquaters - | ||
IPO Launch date 2003-07-17 | Chairman of the Board & CEO Dr. Chih-Cheng Chien | ||
Sector Communication Services | Industry Telecom Services | Full time employees - | Website https://www.cht.com.tw |
Full time employees - | Website https://www.cht.com.tw |
Chunghwa Telecom Co., Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services. Chunghwa Telecom Co., Ltd. was incorporated in 1996 and is headquartered in Taipei City, Taiwan.
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