# Chunghwa Telecom Co. Ltd. (CHT) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Communication Services / Fixed & Integrated Telecom. Price $48.63, market value $37.7 billion.

## Valuation
- **P/E (trailing): 29.7×** (5-yr avg 173.3×, 3-yr avg 150.6×). Chunghwa Telecom Co. Ltd. trades at 29.7× trailing earnings, well below its own five-year average of 173.3×: cheap by its own standards. The Communication Services median in the September 2026 study was 21.1×. Forward P/E is 31.0×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.00**. A PEG of 0.00 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.2×**. Each dollar of revenue is priced at 0.2×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.1×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 0.2×**. Enterprise value is 0.2× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 144.5%** (5-yr avg 32.2%). Free cash flow equals 144.5% of the market value, above its five-year average of 32.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 3.4%**. The inverse of the P/E: 3.4% of the price is earned each year.

## Profitability
- **Gross margin: 36.1%**. Chunghwa Telecom Co. Ltd. keeps 36.1% of revenue after the direct cost of what it sells.
- **Operating margin: 20.5%**. 20.5% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 16.5%**. 16.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.1%**. 10.1% on shareholders' equity is solid.
- **Return on invested capital: 11.1%**. Return on all capital, debt included, is 11.1%.
- **Return on assets: 7.4%**. Each dollar of assets produces 7.4% of profit.

## Growth
- **Revenue growth (1 yr): 3247.4%** (3-yr 221.7%/yr, 5-yr 99.7%/yr). Revenue grew 3247.4% over the last year, against 99.7% a year compounded over five years: growth is accelerating.
- **Free-cash-flow growth (3 yr): 224.9%/yr**. Free cash flow has compounded at 224.9% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.10**. Debt is 0.10 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Chunghwa Telecom Co. Ltd. holds more cash than debt.
- **Interest coverage: 126.1×**. Operating profit covers interest 126.1× over, a safe margin.
- **Current ratio: 1.45** (quick 1.26). Current assets cover the next year's liabilities 1.45 times.
- **Altman Z-score: 1.99**. A Z-score of 1.99 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 3.31%** ($1.61 per share, trailing). Chunghwa Telecom Co. Ltd. yields 3.31%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 100%**. The dividend exceeds earnings (100% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): 3.3%/yr** (1-yr 14.2%). The dividend has grown 3.3% a year over five years.

## Price and momentum
- **Total return (1 yr): 19.4%** (YTD 21.9%, 3-mo 15.3%). The shares are up 19.4% over twelve months including dividends.
- **From 52-week high: -1.1%** (23.8% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 71**. An RSI of 71 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 0.11** (volatility 13%). Beta of 0.11 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CHT · Page: https://foliofundamentals.com/stocks/cht

Not investment advice.