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Chunghwa Telecom Co., Ltd. (2412.TW)

TWD133.00 -0.50 (-0.37%)
TW TAI Communication Services Telecommunications Services
Address No. 21-3, Xinyi Road 100
Taipei City, TW
CEO Chih-Cheng Chien
Website cht.com.tw
IPO 2000-11-15
ISIN TW0002412004

Explore sections of this company profile

Also trades on New York Stock Exchange · CHT (USD) Taiwan Stock Exchange · 2412.TW (TWD)
Description

Chunghwa Telecom Co., Ltd., together with its affiliated companies, delivers an extensive array of telecommunication services across Taiwan and to international markets. The enterprise's operations are structured into distinct segments: Domestic Fixed Communications, Mobile Communications, Internet Business, International Fixed Communications, and an encompassing 'Others' category. The company's core offerings include foundational fixed-line services such as local and long-distance telephone access, broadband internet, and related information and communication technology (ICT) and value-added services (VAS). It also provides critical network interconnection services for other mobile and fixed-line operators. A significant provider of mobile communication services, Chunghwa Telecom additionally manages its HiNet Internet platform, offers data communication and cloud services, and operates internet data centers, alongside international long-distance telephony and data services. Beyond service provision, Chunghwa Telecom is involved in the distribution and sale of various products, including mobile handsets, data cards, electronic components, and business computing machinery and software. The company also engages in the complete lifecycle of designing, developing, manufacturing, selling, and servicing specialized items such as semiconductor testing components, printed circuit boards (PCBs), various electronic components and finished goods, and automatic license plate recognition (ALPR) software and hardware. Its diverse portfolio further spans real estate development and property management; comprehensive system, network, and communications integration; intelligent building and energy network solutions; digital information supply and advertising; property and liability insurance agency; family education programs; computing equipment installation; management consultancy; data processing; telecommunication engineering; Internet identity services; and bespoke information and communication solutions. Additionally, the company provides software design services, internet content production and distribution, motion picture production and distribution, energy-saving solutions, international circuits, and services for electronic parts and processed machinery products. Chunghwa Telecom was established in 1996 and is based in Taipei City, Taiwan.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD133.00 -0.50 (-0.37%)
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Volume Profile
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Liquidity & share structure
Average Volume
15M
Beta
0.11
Float Shares
5.02B
Free Float %
64.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% +0.00% +0.00% +0.37% +2.65% +3.83% +3.44% +8.40% +20.44% +21.52% +47.52%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (4 ratings, all time) Sell
Price Targets & DCF
Current price
133.00
DCF (Unlevered) 222.85 +67.6%
DCF (Levered) 233.61 +75.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 14% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 6 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
5.70
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Telecommunications Services: +7.0%
    +3.3% Q1'26: +8.2% (vs Q1'25)
  • EPS growth Telecommunications Services: +15.8%
    +4.2% Q1'26: +0.0% (vs Q1'25)
  • FCF margin FCF growth · Telecommunications Services: +29.4%
    +20.7% Q1'26: +37.0% (vs Q1'25)
  • EBIT margin Telecommunications Services: +14.7%
    +20.6% Q1'26: +21.8% (vs Q1'25)
  • ROIC Telecommunications Services: +6.4%
    +10.3% Q1'26: +11.1% (vs Q1'25)
  • Share dilution Telecommunications Services: +0.0%
    -0.5% Q1'26: +3.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Telecommunications Services: 1.26×
    0.42× Q1'26: 0.73× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.11) × ERP
WACC = 97% × Ke + 4% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 219.05 Current price: 133.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
5 Rev. Ana.
5 EPS Ana.
Dec 2027
5 Rev. Ana.
4 EPS Ana.
Dec 2028
2 Rev. Ana.
2 EPS Ana.
Revenue
231.80B
est: 231.02B (+0.3%)
229.99B
est: 232.14B (-0.9%)
227.51B
est: 226.43B (+0.5%)
215.48B
est: 219.92B (-2.0%)
179.32B
est: 209.03B (-14.2%)
207.61B
est: 205.97B (+0.8%)
209.44B
est: 210.61B (-0.6%)
215.71B
est: 216.40B (-0.3%)
223.20B
est: 224.58B (-0.6%)
228.58B
est: 226.97B (+0.7%)
236.11B
est: 237.22B (-0.5%)
245.20B
244.51B – 245.60B
+3.4% YoY
252.00B
246.72B – 255.72B
+2.8% YoY
257.75B
257.75B – 257.75B
+2.3% YoY
EBITDA
85.18B
est: 101.94B (-16.4%)
81.39B
est: 102.44B (-20.5%)
79.52B
est: 99.91B (-20.4%)
76.34B
est: 97.04B (-21.3%)
77.74B
est: 92.24B (-15.7%)
79.93B
est: 90.89B (-12.1%)
85.08B
est: 92.93B (-8.5%)
87.31B
est: 95.49B (-8.6%)
87.58B
est: 88.39B (-0.9%)
87.80B
est: 89.33B (-1.7%)
89.82B
est: 93.36B (-3.8%)
96.51B
96.23B – 96.66B
+3.4% YoY
99.18B
97.10B – 100.65B
+2.8% YoY
101.44B
101.44B – 101.44B
+2.3% YoY
EBIT
51.99B
est: 55.02B (-5.5%)
48.92B
est: 55.29B (-11.5%)
47.61B
est: 53.93B (-11.7%)
45.00B
est: 52.38B (-14.1%)
41.39B
est: 49.78B (-16.9%)
42.79B
est: 49.05B (-12.8%)
45.86B
est: 50.16B (-8.6%)
47.04B
est: 51.54B (-8.7%)
47.07B
est: 47.83B (-1.6%)
48.18B
est: 48.33B (-0.3%)
48.55B
est: 50.52B (-3.9%)
52.22B
52.07B – 52.30B
+3.4% YoY
53.67B
52.54B – 54.46B
+2.8% YoY
54.89B
54.89B – 54.89B
+2.3% YoY
Net Income
42.81B
est: 41.90B (+2.2%)
40.07B
est: 41.64B (-3.8%)
38.87B
est: 38.96B (-0.2%)
35.50B
est: 36.22B (-2.0%)
32.79B
est: 33.46B (-2.0%)
33.42B
est: 32.70B (+2.2%)
35.62B
est: 34.93B (+2.0%)
36.36B
est: 37.33B (-2.6%)
36.96B
est: 36.60B (+1.0%)
37.19B
est: 36.89B (+0.8%)
38.69B
est: 38.34B (+0.9%)
39.87B
39.20B – 41.54B
+4.0% YoY
41.30B
40.66B – 44.22B
+3.6% YoY
42.33B
42.12B – 47.09B
+2.5% YoY
SGA
29.59B
est: 34.34B (-13.8%)
30.05B
est: 34.51B (-12.9%)
29.98B
est: 33.66B (-10.9%)
27.76B
est: 32.69B (-15.1%)
21.69B
est: 31.07B (-30.2%)
25.92B
est: 30.62B (-15.3%)
26.24B
est: 31.31B (-16.2%)
29.40B
est: 32.17B (-8.6%)
30.55B
est: 30.66B (-0.3%)
32.28B
est: 30.98B (+4.2%)
33.74B
est: 32.38B (+4.2%)
33.47B
33.38B – 33.53B
+3.4% YoY
34.40B
33.68B – 34.91B
+2.8% YoY
35.19B
35.19B – 35.19B
+2.3% YoY
EPS
5.52
est: 5.39 (+2.4%)
5.16
est: 5.36 (-3.6%)
5.01
est: 5.01 (0.0%)
4.58
est: 4.66 (-1.7%)
4.23
est: 4.30 (-1.7%)
4.31
est: 4.21 (+2.5%)
4.61
est: 4.49 (+2.6%)
4.70
est: 4.81 (-2.2%)
4.76
est: 4.72 (+0.9%)
4.79
est: 4.78 (+0.2%)
4.99
est: 4.97 (+0.5%)
5.18
5.07 – 5.37
+4.3% YoY
5.42
5.25 – 5.71
+4.5% YoY
5.76
5.44 – 6.09
+6.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-15 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
72.74B
OE per share TTM
9.39
Owner's Yield
6.69%
Maintenance CapEx ratio
87.61%
Maint CapEx / Avg PPE
139.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.44M
Shares Outstanding
7.76B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
An-An Hsia Senior Director of Legal Affairs Department & Corporate Governance Officer
Chih-Cheng Chien Chairman of the Board & Chief Executive Officer
Chiu-Ming Lien Chief Internal Auditor
Ding-Cheng Chen Vice President
Hung-Tsan Ma Senior Executive Vice President male
Ming-Tsung Chen Vice President
Rong-Shy Lin President & Director
Shu-Ling Chen VP & Accounting Officer female
Tian-Tsair Su President of Telecommunication Laboratories & President of Telecommunication Training Institute male
Wen-Hsin Hsu Senior EVP & CFO female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits