Chunghwa Telecom Co Ltd logo

Chunghwa Telecom Co Ltd(CHT)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL RECENCY
2-STAR RATING
Consider higher Upturn Star rating
BUY for 53 days
PROFIT SINCE LAST BUY
+15.47% ▲
LAST CLOSE
$49.85
11/06/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for CHT

11/06/2026: CHT (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Chunghwa Telecom is a leading provider of integrated telecommunications services in Taiwan, well-regarded for its robust network infrastructure and stable, cash-generative business model. The company's primary strength lies in its dominant position in fiber-optic broadband and mobile services, which provides a defensive base for its ongoing pivot into high-growth cloud, AI, and cybersecurity sectors. While the saturated domestic market presents a growth challenge, the company's focus on enterprise digital transformation offers a promising long-term opportunity. Retail investors may find the stock attractive for its consistent dividend yield and stability, though success depends on managing competitive pricing risks and the ongoing execution of its digital service expansion.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is steady rather than explosive, appealing more to those seeking moderate expansion.
Momentum investorWeak fitThe stock generally exhibits low volatility, making it less attractive for momentum-based trading strategies.
Value investorStrong fitThe stock is often priced fairly relative to its stable cash flows and defensive business model.
Dividend investorStrong fitThe company offers consistent, reliable dividend payouts suitable for income-focused portfolios.
Low-risk investorStrong fitThe company's defensive business model and strong market position provide stability during market downturns.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityLowThe stock generally displays lower price swings than the broader market.
Valuation riskLowStable earnings multiples reduce the risk of significant valuation compression.
Competition risk (Telecommunications)MediumIntense rivalry in mobile and broadband pricing can squeeze margins.
Business qualityStrongThe company maintains high service quality and dominant infrastructure assets.
Dividend incomeStrongReliable cash flows underpin a consistent dividend payout history.
Execution riskMediumSuccessful transition to AI and cloud services is required for future growth.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Very Smooth
PRICE STABILITY

Very Smooth

The stock has followed a highly orderly price path with minimal short-term disruption.

Analysis of Past Performance

Type Stock
Historic Profit 21.69%
Avg. Invested days 57
Today’s Advisory Consider higher Upturn Star rating
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/06/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
CHT receives a 3-star rating, supported by solid unit economics, and solid quantitative characteristics. The rating is constrained by soft analyst coverage, weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
CHT has moderate overall fundamentals (3 stars), with solid financial health, moderate growth momentum, and moderate ownership. In FY2025 versus FY2024, moderate earnings growth (+4.1%) and strong cash generation (FCF margin 21.1%) are partially offset by moderate revenue growth (+2.7%), very low insider ownership of 0.00%.

Financial Health Rating

★★★★★
CHT's financial health is supported by strong cash strength, including free-cash-flow generation of $49.6B (21.1% of revenue). Liquidity is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is CHT's strongest growth driver at +4.1% FY2025 versus FY2024 (moderate, 3 stars). By comparison, while free-cash-flow growth (-1.3%, slightly negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 2.8% (soft) and 214.1% of outstanding shares are publicly tradable (strong). Insider ownership is only 0.00%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 0.39%
Renaissance Technologies Corp 0.33%
Vanguard Capital Management, LLC 0.23%
Morgan Stanley - Brokerage Accounts 0.23%
Connor Clark & Lunn Inv Mgmt Ltd 0.17%

Unit Economics (Per $1K Revenue)

★★★★★
CHT generates approximately $365 of gross profit, $207 of operating income, and $211 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Solid margins and strong cash conversion support the rating, although capital efficiency remains soft.

Economic Dimensions

★★★★★
Effective Tax Rate: 19.45%

Quantitative Style Profile

★★★★★
CHT has a high-quality, large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLow VolatilityLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 38.67B USD
Price to earnings Ratio 30.4
1Y Target Price 48.08
Price to earnings Ratio 30.4
1Y Target Price 48.08
Volume (30-day avg) 187.8K shares
Beta 0.05
52 Weeks Range 37.79 - 50.15
Updated Date 11/08/2026
52 Weeks Range 37.79 - 50.15
Updated Date 11/08/2026
Dividends yield (FY) 3.23%
Basic EPS (TTM) 1.64

How Company Makes Money

Business areaWhat it includesRetail investor read
Mobile ServicesVoice and data subscription services for retail users.The reliable core engine that provides steady monthly cash flow.
Broadband and Fixed-LineFiber-optic internet, IPTV, and legacy telephony.A dominant, high-barrier service area that forms the foundation of the home market.
Enterprise ICTCloud services, data centers, and managed IT solutions.The primary growth vector driven by Taiwan's digital economy needs.

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 2026-11-04
When Before Market
Estimate -
Actual 0.49

Profitability

Profit Margin 16.61%
Operating Margin (TTM) 22.75%

Management Effectiveness

Return on Assets (TTM) 6.4%
Return on Equity (TTM) 11.37%

Valuation

Trailing PE 30.4
Forward PE 26.53
Enterprise Value 37.02B
Price to Sales(TTM) 0.15
Enterprise Value 37.02B
Price to Sales(TTM) 0.15
Enterprise Value to Revenue 5.04
Enterprise Value to EBITDA 13.25
Shares Outstanding 775.74M
Shares Floating 1.66B
Shares Outstanding 775.74M
Shares Floating 1.66B
Percent Insiders -
Percent Institutions 2.77

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.