Chunghwa Telecom Co., Ltd (CHT) AI Stock Analysis

NYSE: CHTAI research summary: business, growth, valuation, analysts, bull and bear case.

CHT AI stock analysis summary

AI Research

Chunghwa Telecom Co., Ltd (CHT) provides integrated telecommunications and information technology services in Taiwan and internationally. In FY2025, the company delivered revenue of $234.75B and net income of $38.70B, supported by a 5-year revenue CAGR of 2.5%. It maintains a conservative capital structure with $41.37B in net cash as of June 30, 2026, and offers a dividend yield of 3.38%.

Market cap
$36.96B
Revenue (TTM)
$244.93B
P/E
29.0x
fwd 26.5x
1Y return
14.1%
S&P 500 16.8%
Avg. target
$48.08
0.9% vs last close

Bull case

  • The balance sheet is well capitalized with $41.37B in net cash and a low debt-to-equity ratio of 0.10 as of June 30, 2026.
  • Cash flow generation remains steady, with free cash flow reaching $49.60B in FY2025.
  • Quarterly revenue growth accelerated to 8.2% year-over-year in the quarter ended September 30, 2026, topping the 4.0% peer median.

Bear case

  • Valuation multiples are elevated relative to peers, with a forward P/E of 26.5x versus the US-listed Communication Services peer median of 14.1x.
  • The dividend payout ratio stands at 100.6%, indicating dividend distributions exceed trailing net earnings.
  • Long-term revenue growth has been slow, characterized by a 5-year revenue CAGR of 2.5% from FY2020 to FY2025.

What Chunghwa Telecom does

Chunghwa Telecom Co., Ltd. is a major provider of telecommunications services across Taiwan and global markets. The company operates through segments including Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Others. Its core offerings span local and long-distance telephone services, broadband access, value-added services, and interconnection capabilities. Beyond core telecom operations, the company distributes mobile handsets and computing equipment, manufactures and sells semiconductor testing components and printed circuit boards, and provides real estate development, system integration, digital information, insurance agency, education, and management consultancy services.

Growth and profitability

Between FY2021 and FY2025, revenue grew from $209.44B to $234.75B, representing a 5-year CAGR of 2.5%. Over that timeframe, net income increased from $35.62B to $38.70B, while operating margin stayed relatively stable, registering 20.7% in FY2025 compared to 21.5% in FY2021. For the trailing twelve months ended September 30, 2026, revenue stood at $244.93B with an operating margin of 21.6% and EPS of $1.64. In the latest quarter ended September 30, 2026, quarterly revenue grew 8.2% year-over-year, while quarterly earnings grew 4.6% year-over-year.

CHT income statement →

Balance sheet and cash flow

As of June 30, 2026, Chunghwa Telecom held $79.57B in cash and short-term investments against total debt of $38.20B, resulting in a net cash position of $41.37B. The current ratio stood at 1.22, and the debt-to-equity ratio was 0.10 alongside shareholders' equity of $366.63B. In FY2025, the business produced $77.50B in operating cash flow and $49.60B in free cash flow. Cash deployment in FY2025 included $27.85B in capital expenditures and $39.00B in dividends paid, while share count rose 0.4% over 5 years.

CHT balance sheet →

Valuation and performance

At $47.64, Chunghwa Telecom trades at a trailing P/E of 29.0x and a forward P/E of 26.5x, compared to medians of 16.2x and 14.1x for its US-listed Communication Services peers. Its EV/EBITDA stands at 11.7x against the peer group median of 10.0x, while its price-to-sales multiple of 0.2x is lower than the peer median of 0.8x. Over the past year, the stock returned 14.1% compared to a 16.8% return for the S&P 500 (SPY), and its 5-year return of 44.9% trailed the S&P 500's 83.0% gain.

CHT key metrics →

CHT dividend

Chunghwa Telecom pays an annual dividend with a forward rate of $1.61, delivering a 3.38% dividend yield. The company has paid consecutive dividends for 24 years, achieving a 5-year annualized dividend growth rate of 3.3%. The payout ratio stands at 100.6%, and the most recent ex-dividend date occurred on July 9, 2026.

CHT dividend history →

What analysts expect

Wall Street coverage includes 1 Hold rating, with 0 Buy and 0 Sell ratings. The mean price target of $48.08 sits 0.9% above the last close of $47.64. For the fiscal year ending December 31, 2026, analysts estimate revenue of $247.38B and EPS of $1.55, implying an EPS decline of 1.6%. For the following year, 1 analyst projects revenue of $254.59B and EPS of $1.57. Over the last four quarters, the company topped EPS expectations 3 times. The next earnings date is November 5, 2026.

CHT forecast and price target →

Key risks and what to watch

  • EPS is projected to decline 1.6% to $1.55 for the fiscal year ending December 31, 2026.
  • A 100.6% payout ratio could limit the room for dividend expansion unless earnings growth picks up.
  • The stock has trailed broader market performance over longer horizons, returning 44.9% over 5 years versus 83.0% for the S&P 500.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this CHT AI stock analysis

This page is an AI-written research summary of Chunghwa Telecom Co., Ltd (CHT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: CHT income statement, CHT balance sheet, CHT key metrics, CHT analyst forecast, CHT chart. See the CHT stock overview for the latest quote and news.

CHT AI stock analysis FAQ

What dividend does Chunghwa Telecom pay?

Chunghwa Telecom pays an annual dividend with a forward distribution of $1.61 per share, representing a 3.38% yield. The company has made dividend payments for 24 consecutive years.

How leveraged is Chunghwa Telecom?

As of June 30, 2026, Chunghwa Telecom held $79.57B in cash and short-term investments against $38.20B in total debt, giving it a net cash balance of $41.37B. Its debt-to-equity ratio is 0.10.

What are analysts forecasting for CHT?

Analyst consensus includes 1 Hold rating with an average price target of $48.08, which is 0.9% above the last close of $47.64. Earnings per share for the fiscal year ending December 31, 2026, are estimated at $1.55 on $247.38B in revenue.

When is Chunghwa Telecom's next earnings report?

Chunghwa Telecom is scheduled to report its next earnings results on November 5, 2026.

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