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Chunghwa Telecom Co Ltd (CHT)



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Upturn Advisory Summary
09/12/2025: CHT (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $41.67
1 Year Target Price $41.67
0 | Strong Buy |
0 | Buy |
2 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 7.17% | Avg. Invested days 64 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 34.82B USD | Price to earnings Ratio 27.88 | 1Y Target Price 41.67 |
Price to earnings Ratio 27.88 | 1Y Target Price 41.67 | ||
Volume (30-day avg) 2 | Beta 0.11 | 52 Weeks Range 35.31 - 45.80 | Updated Date 09/13/2025 |
52 Weeks Range 35.31 - 45.80 | Updated Date 09/13/2025 | ||
Dividends yield (FY) 3.72% | Basic EPS (TTM) 1.61 |
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 16.27% | Operating Margin (TTM) 22.1% |
Management Effectiveness
Return on Assets (TTM) 5.55% | Return on Equity (TTM) 10.47% |
Valuation
Trailing PE 27.88 | Forward PE 26.32 | Enterprise Value 33668561011 | Price to Sales(TTM) 0.15 |
Enterprise Value 33668561011 | Price to Sales(TTM) 0.15 | ||
Enterprise Value to Revenue 4.4 | Enterprise Value to EBITDA 11.4 | Shares Outstanding 775745024 | Shares Floating 4145657251 |
Shares Outstanding 775745024 | Shares Floating 4145657251 | ||
Percent Insiders - | Percent Institutions 2.52 |
Upturn AI SWOT
Chunghwa Telecom Co Ltd

Company Overview
History and Background
Chunghwa Telecom Co Ltd, established in July 1996 as a result of Taiwan's telecom deregulation, was formerly the Directorate General of Telecommunications (DGT) of the Ministry of Transportation and Communications. It has since evolved into a leading telecommunications provider in Taiwan, focusing on fixed-line, mobile, and broadband services.
Core Business Areas
- Fixed-Line Communications: Provides traditional telephone services, leased lines, and data communication solutions for businesses and residential customers.
- Mobile Communications: Offers mobile voice and data services, including 4G and 5G connectivity, as well as mobile value-added services.
- Broadband and Internet: Delivers high-speed internet access through fiber optic and other technologies, along with related services like IPTV and cloud solutions.
- Information and Communication Technology (ICT): Provides customized ICT solutions for enterprise clients, including cloud computing, cybersecurity, and system integration.
Leadership and Structure
The company is led by a board of directors and executive management team, with key roles including the Chairman, President, and various Vice Presidents overseeing different business divisions. The structure is hierarchical, with distinct departments focusing on technology, sales, marketing, and operations.
Top Products and Market Share
Key Offerings
- Mobile Services: Chunghwa Telecom's mobile services hold a significant market share in Taiwan. Competitors include Taiwan Mobile and Far EasTone Telecommunications. Exact Market share fluctuates. They are focused on transitioning customers to 5G plans. It is one of their highest revenue generators.
- Broadband Internet: Chunghwa Telecom dominates the broadband market in Taiwan with a substantial subscriber base. They compete with cable operators. They use Fiber and xDSL technologies. It's a key source of recurring revenue.
- Cloud Services: Chunghwa Telecom offers cloud solutions through its Information and Communication Technology (ICT) segment. The primary competitors are Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP), although Chunghwa is focusing on the Taiwanese market.
- Fixed Line: Chunghwa telecom fixed line services continue to decline due to other services.
Market Dynamics
Industry Overview
The telecommunications industry is characterized by rapid technological advancements, increasing competition, and evolving consumer demands. The shift to 5G, the growing adoption of cloud computing, and the increasing importance of cybersecurity are shaping the industry landscape.
Positioning
Chunghwa Telecom is positioned as the leading integrated telecommunications provider in Taiwan, leveraging its extensive infrastructure and established brand reputation. Its competitive advantages include its large customer base, advanced network infrastructure, and strong government relationships.
Total Addressable Market (TAM)
The TAM for telecommunications services in Taiwan is estimated to be in the billions of US dollars annually. Chunghwa Telecom is well-positioned to capture a significant portion of this market, particularly in the areas of 5G, broadband, and cloud services.
Upturn SWOT Analysis
Strengths
- Leading market position in Taiwan
- Extensive network infrastructure
- Strong brand recognition
- High customer loyalty
- Government support
Weaknesses
- Relatively high operating costs
- Limited international presence
- Bureaucratic processes
- Slow decision-making
- Dependence on domestic market
Opportunities
- Expansion into new technologies (e.g., AI, IoT)
- Growth in cloud computing and cybersecurity services
- Strategic partnerships with international players
- Increased government investment in infrastructure
- Regional expansion
Threats
- Intense competition from other telecom operators
- Technological disruptions
- Changing regulatory environment
- Economic slowdown
- Cybersecurity threats
Competitors and Market Share
Key Competitors
- Taiwan Mobile (3045.TW)
- Far EasTone Telecommunications (3045.TW)
Competitive Landscape
Chunghwa Telecom is leading due to its strong brand, large infrastructure, and customer loyalty, but rivals are narrowing the gap. Competition is focused on pricing and services.
Major Acquisitions
Data Communication Business Group of Accton Technology Corporation
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: Strengthened ICT capabilities and customer base in enterprise solutions.
Growth Trajectory and Initiatives
Historical Growth: Past growth has been driven by broadband and mobile services. Future growth depends on 5G and ICT. Consult reports.
Future Projections: Analysts are looking at 5G and ICT for future revenue growth. Check current financial analysts reports for more accurate data.
Recent Initiatives: 5G network expansion and investment in ICT solutions are some recent initiatives.
Summary
Chunghwa Telecom is a leading telecommunications provider in Taiwan, benefiting from its established infrastructure and brand recognition. Its strength lies in its strong domestic market position and loyal customer base. Challenges include increasing competition and the need to adapt to new technologies. While it maintains its strengths it will continue to be a solid and stable company.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Chunghwa Telecom Investor Relations
- Industry Reports
- Financial News Articles
Disclaimers:
This analysis is based on publicly available information. It is not financial advice. Market conditions may have changed since the time of the analysis. The stock market symbols have been replaced with US equivalents
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, operates as an integrated telecommunications service provider in Taiwan and internationally. The company operates through Consumer Business, Enterprise Business, International Business, and Others segments. Its services primarily include mobile, fixed-line, information and communication technology (ICT), and sales and other services. The company offers mobile services, including prepaid and postpaid plans; fixed-line services, such as fixed broadband and voice, leased line, video, and satellite services; and fixed broadband services comprising broadband access, data communication, and Wi-Fi services. It also provides ICT services consisting of cloud, content delivery network, advanced networks defense system, and web application firewall. In addition, it distributes and sells mobile handsets and wearable devices on its mobile network to customers through its directly owned stores, online store, and third-party retailers, as well as offers interconnection services. The company was incorporated in 1996 and is headquartered in Taipei City, Taiwan.

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