Communication Services · Telecommunications Services
Price
$44.94
Market Cap
$34.9B
Employees
19,912
Beta
0.11
Avg Volume
145,866
CEO
Chih-Cheng Chien
Business Description
Chunghwa Telecom Co., Ltd., along with its subsidiaries, operates as a leading telecommunications service provider, serving customers both within Taiwan and across international markets. The company organizes its extensive operations into several core divisions, including domestic fixed communications, mobile communications, internet services, international fixed communications, and various other business ventures. At its foundation, Chunghwa Telecom delivers a comprehensive suite of traditional telecom services, encompassing local and long-distance telephone access, high-speed broadband internet, and complementary value-added services. It also facilitates crucial network interconnection services for other mobile and fixed-line operators. Beyond these essential offerings, the company provides robust mobile communication solutions, its proprietary HiNet internet platform, data communication services, cloud computing resources, internet data center facilities, and global long-distance telephony and data transmission. Expanding its business reach, Chunghwa Telecom actively engages in the distribution and retail of mobile handsets, data cards, electronic components, and a variety of computing and business machinery, alongside associated software. Furthermore, it is involved in the complete lifecycle of specialized electronic components, from design and development to manufacturing, sales, and servicing, including semiconductor testing parts, printed circuit boards, finished electronic products, and integrated automatic license plate recognition (ALPR) software and hardware systems. The company's diverse portfolio also extends into areas such as real estate development and property management, extensive system, network, and communications integration services, and the implementation of intelligent building and energy network solutions. It offers digital information supply and advertising, functions as a property and liability insurance agency, and provides family education programs. Other specialized services include computing equipment installation, management consultancy, data processing, telecommunication engineering, internet identity verification, and tailored information and communication solutions. Additionally, Chunghwa Telecom's ventures span software design, the creation and streaming of internet content, motion picture production and distribution, energy-saving technologies, international circuit provisions, and support services for electronic parts and processed machinery products. Established in 1996, Chunghwa Telecom Co., Ltd. is headquartered in Taipei City, Taiwan.
Business History
Price Overview
Last updated: Jun 27, 2026 9:03am (just now)$44.94
+0.15 (+0.33%)
Day Range
$44.62 – $45.04
52-Week Range
$39.28 – $46.95
50-Day MA
$44.15
200-Day MA
$42.97
Volume
104,044.00
Share Structure
Outstanding
775,744,655.00
Float
775,744,224.00
Free Float
100.0%
High free float
— 100.0% of shares trade freely, ~0% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
29.42
Stock Price: $44.94
EPS (Diluted): 49.90
EPS (Diluted): 49.90
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.64
Stock Price: $44.94
Total Equity: $386.39B
Shares: 775,350,700
Total Equity: $386.39B
Shares: 775,350,700
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
12.40
Market Cap: $34.86B
Total Debt: $27.13B
Cash: $37.09B
EBITDA: $90.85B
Total Debt: $27.13B
Cash: $37.09B
EBITDA: $90.85B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$1.0T
Market Cap: $34.86B
Total Debt: $27.13B
Cash: $37.09B
Total Debt: $27.13B
Cash: $37.09B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
36.5%
Gross Profit: $85.61B
Revenue: $234.75B
Revenue: $234.75B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
20.7%
Operating Income: $48.66B
Revenue: $234.75B
Revenue: $234.75B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
16.5%
Net Income: $38.71B
Revenue: $234.75B
Revenue: $234.75B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
10.2%
Net Income: $38.71B
Total Equity: $386.39B
Total Equity: $386.39B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
8.3%
Operating Income: $48.66B
Tax Rate: 19.4%
Equity: $386.39B
Total Debt: $27.13B
Cash: $37.09B
Tax Rate: 19.4%
Equity: $386.39B
Total Debt: $27.13B
Cash: $37.09B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.45
Current Assets: $117.61B
Current Liabilities: $79.28B
Current Liabilities: $79.28B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.07
Short-Term Debt: $2.24B
Long-Term Debt: $24.89B
Total Debt: $27.13B
Total Equity: $386.39B
Long-Term Debt: $24.89B
Total Debt: $27.13B
Total Equity: $386.39B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$302.77
Revenue: $234.75B
Shares: 775,350,700
Shares: 775,350,700
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$498.34
Total Equity: $386.39B
Shares: 775,350,700
Shares: 775,350,700
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$64.04
Operating CF: $77.50B
CapEx: -$27.85B
Shares: 775,350,700
CapEx: -$27.85B
Shares: 775,350,700
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
3.8%
Last Dividend: N/A
Stock Price: $44.94
Stock Price: $44.94
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $38.71B
Net Income: $38.71B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares CHT against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:01pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $209.4B | $215.7B | $221.5B | $228.6B | $234.8B |
| Cost of Revenue | $135.1B | $136.7B | $141.8B | $146.6B | $149.1B |
| Gross Profit | $74.3B | $79.0B | $79.7B | $82.0B | $85.6B |
| Operating Expenses | $29.4B | $32.2B | $33.4B | $35.1B | $36.9B |
| Operating Income | $44.9B | $46.8B | $46.4B | $46.9B | $48.7B |
| Net Income | $35.6B | $36.4B | $37.0B | $37.2B | $38.7B |
| EBITDA | $84.7B | $86.9B | $87.0B | $87.8B | $90.9B |
| EPS | $46.10 | $47.00 | $47.60 | $47.90 | $49.90 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:01pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $39.8B | $50.2B | $33.8B | $36.3B | $37.1B |
| Total Current Assets | $91.0B | $101.9B | $103.2B | $113.0B | $117.6B |
| Total Assets | $512.9B | $523.0B | $523.7B | $534.3B | $536.4B |
| Current Liabilities | $66.2B | $67.7B | $67.8B | $82.0B | $79.3B |
| Long-Term Debt | $28.6B | $32.1B | $30.5B | $23.3B | $24.9B |
| Total Liabilities | $123.7B | $131.5B | $131.0B | $138.5B | $135.4B |
| Total Equity | $377.4B | $379.1B | $380.3B | $382.8B | $386.4B |
| Retained Earnings | $150.4B | $151.9B | $152.5B | $154.6B | $135.2B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:01pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $74.9B | $76.0B | $74.6B | $79.2B | $77.5B |
| Capital Expenditure | -$35.6B | -$33.4B | -$31.0B | -$29.0B | -$27.8B |
| Free Cash Flow | $39.3B | $42.5B | $43.6B | $50.3B | $49.6B |
| Acquisitions (net) | -$321.0M | $288.0M | -$1.6B | -$776.0M | $1.8B |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $9.4B | $10.4B | -$16.4B | $2.4B | $829.3M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 9:03am (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$236.4B $233.2B – $239.0B
|
$245.1B $242.8B – $246.0B
|
$251.2B $246.7B – $255.7B
|
$258.4B $254.9B – $261.2B
|
| EBITDA |
$93.2B $91.9B – $94.2B
|
$96.6B $95.7B – $97.0B
|
$99.0B $97.2B – $100.8B
|
$101.9B $100.5B – $103.0B
|
| Net Income |
$38.4B $37.7B – $38.9B
|
$40.0B $39.3B – $40.6B
|
$41.4B $40.7B – $42.0B
|
$44.8B $44.0B – $45.5B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:01pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +3.0% | +2.7% | +3.2% | +2.7% |
| Gross Profit Growth | +6.3% | +0.9% | +2.8% | +4.4% |
| Operating Income Growth | +4.2% | -1.0% | +1.1% | +3.8% |
| Net Income Growth | +2.1% | +1.7% | +0.6% | +4.1% |
| EBITDA Growth | +2.6% | +0.1% | +0.9% | +3.5% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-03-18 | Wu Sheng Yuan | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Tu Yi-Chin | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Horng Shiow Long | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Chien Li Feng | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Ko Ikujin | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Yeh Jer Liang | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Hsueh Ching Feng | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Lee Ching Hwi | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Young Hey Chyi | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Young Hey Chyi | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Chia Chung Yung | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Chien Chih Cheng | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Hu Hsueh Hai | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Chang Pen Yuang | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Lin Wen Chiyh | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Chen Shu-Ling | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Chen Chin Chou | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Lin Rong Shy | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Lin Rong Shy | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Hsu Wen Hsin | 0.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:01pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-07-09 | $1.65 | 2026-06-05 | 2026-07-09 | 2026-08-14 |
| 2025-07-03 | $1.67 | 2025-06-10 | 2025-07-03 | 2025-08-15 |
| 2024-07-03 | $1.46 | 2024-06-14 | 2024-07-03 | 2024-08-15 |
| 2023-06-28 | $1.48 | 2023-06-02 | 2023-06-29 | 2023-08-14 |
| 2022-06-29 | $1.53 | 2022-05-31 | 2022-06-30 | 2022-08-12 |
| 2021-08-24 | $1.55 | 2021-08-06 | 2021-08-25 | 2021-10-05 |
| 2020-07-01 | $1.43 | 2020-06-08 | 2020-07-02 | 2020-08-13 |
| 2019-07-24 | $1.42 | 2019-07-25 | 2019-09-05 | |
| 2018-07-20 | $1.56 | 2018-06-19 | 2018-07-23 | 2018-08-31 |
| 2017-07-19 | $1.64 | 2017-06-27 | 2017-07-21 | 2017-09-01 |
| 2016-07-19 | $1.73 | 2016-06-27 | 2016-07-21 | 2016-09-02 |
| 2015-07-14 | $1.48 | 2015-07-16 | 2015-09-03 | |
| 2014-07-15 | $1.51 | 2014-07-17 | 2014-09-03 | |
| 2013-07-15 | $1.78 | 2013-07-17 | 2013-08-30 | |
| 2012-07-13 | $1.82 | 2012-07-17 | 2012-08-29 | |
| 2011-07-19 | $1.90 | 2011-07-21 | 2011-08-24 | |
| 2010-08-10 | $1.27 | 2010-08-12 | 2010-09-17 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for CHT — it's generated by the pipeline (
market-narrative step).
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Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30