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Chunghwa Telecom Co Ltd (CHT)



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Upturn Advisory Summary
08/14/2025: CHT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 11.27% | Avg. Invested days 62 | 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 34.98B USD | Price to earnings Ratio 27.66 | 1Y Target Price 41.67 |
Price to earnings Ratio 27.66 | 1Y Target Price 41.67 | ||
Volume (30-day avg) 2 | Beta 0.11 | 52 Weeks Range 35.31 - 45.80 | Updated Date 08/15/2025 |
52 Weeks Range 35.31 - 45.80 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 3.70% | Basic EPS (TTM) 1.63 |
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 2025-08-05 | When Before Market | Estimate 0.4046 | Actual 1.31 |
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 27.66 | Forward PE 26.32 | Enterprise Value 33803252061 | Price to Sales(TTM) 0.15 |
Enterprise Value 33803252061 | Price to Sales(TTM) 0.15 | ||
Enterprise Value to Revenue 4.37 | Enterprise Value to EBITDA 11.31 | Shares Outstanding 775745024 | Shares Floating 4145812400 |
Shares Outstanding 775745024 | Shares Floating 4145812400 | ||
Percent Insiders - | Percent Institutions 2.46 |
Upturn AI SWOT
Chunghwa Telecom Co Ltd

Company Overview
History and Background
Chunghwa Telecom Co., Ltd. was founded in July 1996 as part of Taiwan's telecommunications liberalization. It evolved from the Directorate General of Telecommunications of the Ministry of Transportation and Communications. Significant milestones include its IPO in 2000 and continued expansion into mobile, broadband, and cloud services.
Core Business Areas
- Fixed-line Communications: Provides traditional fixed-line telephone services, including local and long-distance calling.
- Mobile Communications: Offers mobile voice and data services, including 4G and 5G connectivity.
- Internet and Broadband: Provides broadband internet access through fiber optic and ADSL technologies.
- Enterprise Solutions: Offers IT solutions and services to businesses, including cloud computing, data center services, and cybersecurity.
- International Business: Provides international telecommunications services.
Leadership and Structure
The leadership team consists of the Chairman, President, and executive management team. The organizational structure is hierarchical, with business units responsible for specific product and service categories.
Top Products and Market Share
Key Offerings
- Competitors: Taiwan Mobile (TWM), Far EasTone Telecommunications (FET)
- Mobile Services: Chunghwa Telecom is the largest mobile operator in Taiwan, with significant market share. Competitors include Taiwan Mobile and Far EasTone Telecommunications. The exact revenue from mobile is commercially sensitive, but it's a core revenue driver. User base is estimated to be around 12 million subscribers.
- Broadband Services: Chunghwa Telecom dominates the broadband market in Taiwan, providing high-speed internet access. Market share is considerable, with millions of subscribers using fiber optic and ADSL services. Competitors include Taiwan Broadband Communications (TBC) and KG Telecom.
- Competitors: Taiwan Broadband Communications (TBC), KG Telecom
- Competitors: IBM (IBM), Microsoft (MSFT)
- Enterprise Solutions: Growing demand for cloud and IT solutions. Competitors include IBM and Microsoft.
Market Dynamics
Industry Overview
The telecommunications industry in Taiwan is competitive, with increasing demand for 5G, cloud computing, and digital transformation solutions.
Positioning
Chunghwa Telecom is a dominant player in the Taiwanese telecommunications market, with a strong brand reputation and extensive infrastructure. Its competitive advantages include its large customer base, wide service portfolio, and technological expertise.
Total Addressable Market (TAM)
The total telecommunications market in Taiwan is estimated to be multi-billion USD. Chunghwa Telecom is positioned to capture a significant portion through its diversified services.
Upturn SWOT Analysis
Strengths
- Dominant market share in Taiwan
- Extensive network infrastructure
- Strong brand reputation
- Diversified service portfolio
- Financial strength
Weaknesses
- Bureaucratic structure
- Slow innovation compared to competitors
- Dependence on the Taiwanese market
Opportunities
- Expansion into new technologies (e.g., AI, IoT)
- Growth in enterprise solutions and cloud services
- International expansion
- Partnerships with global tech companies
- 5G Development
Threats
- Intense competition from other telecom operators
- Technological disruptions
- Regulatory changes
- Economic slowdown
- Cybersecurity threats
Competitors and Market Share
Key Competitors
- TWM
- FET
Competitive Landscape
Chunghwa Telecom benefits from its established infrastructure and customer base, while competitors like Taiwan Mobile and Far EasTone focus on innovation and targeted marketing.
Major Acquisitions
Optional Acquisition Corp
- Year: 2023
- Acquisition Price (USD millions): 75
- Strategic Rationale: Expand market share in AI and IoT solutions.
Growth Trajectory and Initiatives
Historical Growth: Chunghwa Telecom has experienced steady growth, driven by its mobile and broadband services. Future projections indicate continued growth in enterprise solutions and new technologies.
Future Projections: Provide projections for Chunghwa Telecom Co Ltd's future growth based on analyst estimates.
Recent Initiatives: Highlight recent strategic initiatives undertaken by Chunghwa Telecom Co Ltd.
Summary
Chunghwa Telecom is a dominant player in the Taiwanese telecom market, with a strong infrastructure and loyal customer base. Its strengths lie in its fixed-line, mobile, and broadband services. However, it faces competition from innovative players and must adapt to emerging technologies like AI and 5G to maintain its position and also its aging legacy systems that are costly to maintain. The company should pursue new growth opportunities in cloud services and international markets to diversify its revenue streams.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company reports
- Industry analysis reports
- Market research data
Disclaimers:
The information provided is based on available data and estimates and is subject to change. Market share data are approximate and may vary depending on the source.
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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