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Chunghwa Telecom Co Ltd (CHT)



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Upturn Advisory Summary
06/17/2025: CHT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Year Target Price $40.37
Year Target Price $40.37
0 | Strong Buy |
0 | Buy |
2 | Hold |
0 | Under performing |
0 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit 8.99% | Avg. Invested days 55 | 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 36.72B USD | Price to earnings Ratio 28.41 | 1Y Target Price 40.37 |
Price to earnings Ratio 28.41 | 1Y Target Price 40.37 | ||
Volume (30-day avg) - | Beta 0.05 | 52 Weeks Range 35.92 - 47.03 | Updated Date 06/29/2025 |
52 Weeks Range 35.92 - 47.03 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 3.56% | Basic EPS (TTM) 1.65 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 16.3% | Operating Margin (TTM) 22.44% |
Management Effectiveness
Return on Assets (TTM) 5.55% | Return on Equity (TTM) 9.63% |
Valuation
Trailing PE 28.41 | Forward PE 26.32 | Enterprise Value 35989607564 | Price to Sales(TTM) 0.16 |
Enterprise Value 35989607564 | Price to Sales(TTM) 0.16 | ||
Enterprise Value to Revenue 4.53 | Enterprise Value to EBITDA 11.71 | Shares Outstanding 775745024 | Shares Floating 4145812400 |
Shares Outstanding 775745024 | Shares Floating 4145812400 | ||
Percent Insiders - | Percent Institutions 2.39 |
Analyst Ratings
Rating 3 | Target Price 40.37 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Chunghwa Telecom Co Ltd

Company Overview
History and Background
Chunghwa Telecom Co Ltd was founded in 1996 as a result of the Taiwanese government's privatization efforts from the Directorate General of Telecommunications, Ministry of Transportation and Communications. It has evolved from a traditional telecom provider to a diversified digital services company.
Core Business Areas
- Fixed-line Communications: Provides traditional fixed-line telephone services, broadband internet access, and related services to residential and business customers.
- Mobile Communications: Offers mobile voice and data services, including 4G and 5G connectivity, as well as value-added mobile applications.
- Internet and Data Services: Provides internet access, data center services, cloud computing solutions, and enterprise network solutions.
- International Business: Offers international roaming services, submarine cable systems, and other international telecommunications services.
Leadership and Structure
The company is led by a board of directors and a management team headed by the CEO. It has a functional organizational structure, with divisions responsible for various business segments.
Top Products and Market Share
Key Offerings
- Fixed Broadband: Provides high-speed internet access to residential and business customers. Chunghwa Telecom holds a significant market share in Taiwan. Competitors include Taiwan Broadband Communications (TBC) and other cable operators. They boast around a 75% market share.
- Market Share (%): 75
- Market Share (%): 38
- Mobile Services: Offers mobile voice and data services, including 5G. Competitors include Taiwan Mobile and Far EasTone Telecommunications. The market share for Mobile Services is approximately 38% according to 2023 reports.
- Cloud Services: Provides cloud computing solutions for businesses, focusing on Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). Competitors include Amazon Web Services (AWS) and Microsoft Azure.
- Market Share (%): 15
Market Dynamics
Industry Overview
The telecommunications industry is characterized by increasing demand for high-speed internet access, mobile data services, and cloud computing solutions. It's a mature market with high competition and regulatory scrutiny.
Positioning
Chunghwa Telecom is the largest telecom operator in Taiwan, with a strong presence in fixed-line, mobile, and internet services. Its competitive advantages include its extensive infrastructure, brand recognition, and customer base.
Total Addressable Market (TAM)
The estimated total addressable market for telecom services in Taiwan is approximately $15 billion USD annually. Chunghwa Telecom is well-positioned to capture a significant portion of this market.
Upturn SWOT Analysis
Strengths
- Dominant market share in Taiwan
- Extensive infrastructure and network coverage
- Strong brand reputation
- Diversified product portfolio
- Solid financial performance
Weaknesses
- High operating costs
- Slow innovation pace compared to international peers
- Reliance on the Taiwanese market
- Potential bureaucratic inertia
- Exposure to regulatory risks
Opportunities
- Expansion into new markets in Southeast Asia
- Development of new 5G applications and services
- Growth in cloud computing and data center services
- Strategic alliances with international technology companies
- Digital transformation initiatives
Threats
- Intense competition from other telecom operators
- Technological disruptions and emerging technologies
- Changing consumer preferences
- Economic slowdown in Taiwan and globally
- Cybersecurity threats
Competitors and Market Share
Key Competitors
- TWM (N/A-Privately Held)
- FET (N/A-Privately Held)
Competitive Landscape
Chunghwa Telecom faces intense competition from other telecom operators, particularly in the mobile and internet services markets. Its advantages include its scale, brand recognition, and infrastructure. But the competition is heating up with 5G rollouts.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been steady but not spectacular, reflecting the mature nature of the telecommunications industry in Taiwan.
Future Projections: Analysts expect continued modest growth in revenue and earnings, driven by the adoption of 5G and cloud services.
Recent Initiatives: Recent strategic initiatives include investments in 5G infrastructure, expansion of cloud services, and development of new digital solutions.
Summary
Chunghwa Telecom is a stable company in a mature market. It maintains a dominant position in Taiwan but faces growing competition, particularly in mobile and internet services. The company's strong financial position and dividend payouts provide value to investors. However, it needs to aggressively pursue digital innovation to sustain long-term growth amid technological shifts.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Annual Reports
- Industry Analysis Reports
- Analyst Estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. The analysis is based on available data and assumptions, and actual results 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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