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Chunghwa Telecom Co Ltd (CHT)

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Upturn Advisory Summary
12/05/2025: 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 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 32.57B USD | Price to earnings Ratio 26.64 | 1Y Target Price 41.67 |
Price to earnings Ratio 26.64 | 1Y Target Price 41.67 | ||
Volume (30-day avg) 2 | Beta 0.1 | 52 Weeks Range 35.31 - 45.80 | Updated Date 12/6/2025 |
52 Weeks Range 35.31 - 45.80 | Updated Date 12/6/2025 | ||
Dividends yield (FY) 3.99% | Basic EPS (TTM) 1.57 |
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 2025-11-06 | When Before Market | Estimate 0.3923 | Actual 0.4064 |
Profitability
Profit Margin 16.29% | Operating Margin (TTM) 20.89% |
Management Effectiveness
Return on Assets (TTM) 5.95% | Return on Equity (TTM) 10.34% |
Valuation
Trailing PE 26.64 | Forward PE 26.32 | Enterprise Value 32035313274 | Price to Sales(TTM) 0.14 |
Enterprise Value 32035313274 | Price to Sales(TTM) 0.14 | ||
Enterprise Value to Revenue 4.3 | Enterprise Value to EBITDA 11.13 | Shares Outstanding 775744655 | Shares Floating 4145657008 |
Shares Outstanding 775744655 | Shares Floating 4145657008 | ||
Percent Insiders - | Percent Institutions 2.55 |
Upturn AI SWOT
Chunghwa Telecom Co Ltd

Company Overview
History and Background
Chunghwa Telecom Co Ltd was founded in 1996 as a result of Taiwan's telecommunications liberalization policy. It was corporatized from the Directorate General of Telecommunications of the Ministry of Transportation and Communications.
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 cellular network access.
- Internet and Data: Delivers internet services, data center solutions, cloud computing services, and cybersecurity services.
- International Business: Provides international calling, data roaming, and other international telecommunications services.
Leadership and Structure
The company is led by a board of directors and a management team. The organizational structure is divided into business groups responsible for different service areas.
Top Products and Market Share
Key Offerings
- Broadband Internet (HiNet): HiNet is a leading broadband internet service provider in Taiwan. Competitors include Taiwan Broadband Communications (TBC) and Far EasTone. Has over 3 million subscribers and commands roughly 60% market share.
- Mobile Services (4G/5G): Provides mobile voice and data services under the Chunghwa Telecom brand. Competitors include Far EasTone and Taiwan Mobile. Claims the largest 5G market share in Taiwan.
- Cloud Services: Offers cloud computing services to businesses, including infrastructure as a service (IaaS) and platform as a service (PaaS). Competitors include Amazon Web Services (AWS) and Microsoft Azure.
- Enterprise Solutions: Provides a variety of enterprise solutions including managed services, and consulting. Competitors include IBM and Accenture.
Market Dynamics
Industry Overview
The telecommunications industry is characterized by technological advancements (5G, IoT), increasing competition, and evolving customer demands for bundled services. Taiwan is a mature market with a high penetration rate of mobile and broadband services.
Positioning
Chunghwa Telecom is the largest integrated telecommunications service provider in Taiwan, holding a leading position in fixed-line, mobile, and internet services. Its competitive advantages include its established infrastructure, brand recognition, and extensive customer base.
Total Addressable Market (TAM)
The TAM for telecommunications services in Taiwan is estimated at USD 15 billion per year. Chunghwa Telecom is well positioned to capture a significant share of this market due to its leading market position.
Upturn SWOT Analysis
Strengths
- Largest market share in Taiwan
- Extensive infrastructure
- Strong brand reputation
- Diversified service portfolio
Weaknesses
- Slower innovation compared to competitors
- Bureaucratic decision-making processes
- High operating costs
- Dependence on legacy services
Opportunities
- Expansion into new markets (e.g., Southeast Asia)
- Development of 5G-enabled services
- Growth in cloud computing and IoT
- Government support for digital transformation
Threats
- Intense competition from other telecom operators
- Technological disruptions
- Regulatory changes
- Economic slowdown
Competitors and Market Share
Key Competitors
- TWM (Taiwan Mobile)
- FET (Far EasTone Telecommunications)
Competitive Landscape
Chunghwa Telecom's competitive advantages include its scale, infrastructure, and brand. However, it faces increasing competition from more agile and innovative competitors like Far EasTone and Taiwan Mobile.
Major Acquisitions
AcqWireTek Inc.
- Year: 2021
- Acquisition Price (USD millions): 64
- Strategic Rationale: Enhance its cloud-based platform and bolster ICT capabilities to meet the growing demand for cloud services.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been stable but not exceptional, reflecting the mature telecommunications market in Taiwan.
Future Projections: Analysts project moderate growth in revenue and earnings, driven by 5G adoption and cloud services. Expect a growth rate of around 2-4% per year.
Recent Initiatives: Focus on 5G network deployment, development of cloud-based solutions, and expansion into new markets in Southeast Asia.
Summary
Chunghwa Telecom is a stable, dividend-paying company with a leading position in the Taiwanese market. Its strengths lie in its established infrastructure and large customer base. It faces challenges from increasing competition and the need to innovate in new areas like 5G and cloud computing. They need to also be wary of regulation changes.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company reports
- Analyst reports
- Industry publications
- Third-party financial data providers
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share estimates are based on available data and may vary.
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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