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Chunghwa Telecom Co (CHT) Fair Value & Analysis

Communication Services · US · Market cap $35.3B

CT Chunghwa Telecom Co logo Chunghwa Telecom Co CHT · US
Price$42.28
Fair Value$58.82
Upside+39.1%
Quality69/100
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Healthy Growth
Solidly profitable · 16.2% net margin
Low debt · generates free cash flow
3.57% dividend yield
Ranks above peers (10/12)
Moderate moat 62/100
Evidence: High Range $42.57 – $73.54 Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from $57.51 to $58.82 (+2.3%) since Jul 15, 2026. Share price +2.0% over the past month.

A solid business, screening 39% undervalued on our models.

What matters now

  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from $42.57 (bear) to $73.54 (bull), base $58.82. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 69/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$46.27 $29.49 Fair Value $58.82 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $29.49 – $46.27 · fair‑value band $42.57 – $73.54 · the $42.28 price screens below the $58.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Chunghwa Telecom Co (CHT) currently trades at $42.28, while our model-based Fair Value estimate is $58.82, implying the stock looks roughly 39.1% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Chunghwa Telecom Co generated revenue of $240B at a net margin of 16.2%. Revenue grew 7.5% year over year. It earns a return on equity of 10.0%. Net debt stands at $929M. Fundamentals as of Aug 13, 2026

Our scenario range runs from $42.57 (bear case) to $73.54 (bull case); at $42.28, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 30% fair-value upside, at 39%, CHT screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $685.57 $906.57 $1,308 80
Rev-Margin DCF $587.35 $843.17 $1,170 74
ROIC Compounder $493.12 $582.62 $682.67 72
All 22 models by family
DCF Models
FCF DCF $659.90 $885.63 $1,333 38
Owner Earnings $694.15 $931.89 $1,403 31
5Y Revenue Exit $587.35 $831.07 $1,194 39
5Y EBITDA Exit $820.47 $1,227 $1,777 41
5Y P/E Exit $701.27 $1,025 $1,420 38
10Y Revenue Exit $594.33 $811.31 $1,057 36
10Y EBITDA Exit $753.01 $1,073 $1,436 37
10Y P/E Exit $679.82 $938.98 $1,203 35
Earnings-Based
Graham-Dodd $339.28 $563.96 $684.83 54
EPV $493.12 $572.68 $642.30 59
Multiples
P/E Multiple $823.25 $1,098 $1,372 63
P/S Multiple $636.15 $848.20 $1,060 58
P/B Multiple $636.15 $848.20 $1,060 55
EV/EBIT $768.47 $1,019 $1,270 53
EV/EBITDA $1,060 $1,409 $1,757 54
EV/Revenue $586.55 $831.19 $1,076 43
Asset-Based
NCAV (Graham) $249.05 $333.72 $498.09 50
Growth DCF
Growth DCF $685.57 $906.57 $1,308 80
Rev-Margin DCF $587.35 $843.17 $1,170 74
Economic Profit
Residual Income $438.01 $487.51 $770.09 61
ROIC Compounder $493.12 $582.62 $682.67 72
Growth Earnings
Growth-Adj P/E $580.33 $829.04 $1,078 68

Widest divergence: DCF Models ($931.89) versus Asset-Based ($333.72). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $240B
Revenue growth (YoY) +7.5%
Net margin 16.2%
Return on equity 10.0%
Free cash flow $49.6B FY2025
P/E ratio 26.6
More key figures
Operating margin 21.8%
EPS (TTM) $1.59
Dividend yield 3.6%
EPS growth (YoY) +3.2%
Net debt $929M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 67 · Market factors (momentum, volatility) 54

Profitability 44
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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 provides 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 offers 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chunghwa Telecom Co reported revenue of $235B in FY2025 versus $209B in FY2021, a compound +2.9%/yr. Reported net income was $38.7B in FY2025, compounding +2.1%/yr from FY2021.

Growth Quality 68/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$235B
Latest YoY
+2.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.5%
Avg. growth/yr (24Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.0%
Revenue +2.9%/yr
FY21 $209B
FY22 $216B
FY23 $221B
FY24 $229B
FY25 $235B
Net income +2.1%/yr
FY21 $35.6B
FY22 $36.4B
FY23 $37.0B
FY24 $37.2B
FY25 $38.7B
Character of growth · EPS growth decomposed (2014-2025) −0.8 % p.a.
Revenue per share +0.0 pp

of which total revenue −0.1 pp · buybacks/dilution +0.0 pp

EBIT margin +0.0 pp
Tax rate −0.5 pp
Residual (interest, one-offs) −0.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Chunghwa Telecom Co Fair Value". https://www.fairvalue-calculator.com/stock/CHT

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Telecom Services · 253 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 69 · Top 25%
Fair Value upside +39% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 6% · Above median
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth 8% · Above median
Dividend yield (TTM) 3.6% · Above median
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Telecom Services median · lower = cheaper

P/E (TTM) 26.6× · Pricier than median
P/FCF 0.7× · Cheaper than median
PEG 1.69× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 85 · sector 26
FUTURE 38 · sector 15
PAST 40 · sector 27
HEALTH 97 · sector 89
DIVIDEND 71 · sector 71

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥96.11 ¥109.88 +14%
Bharti Airtel Limited BHARTIARTL ₹1,945 ₹941.55 -52%
China Telecom Corporation 601728 ¥6.43 ¥8.36 +30%
América Móvil, S.A. AMXB 23.07 MXN 30.35 MXN +32%
Vodafone Group VODN 259.50 MXN 494.99 MXN +91%
Advanced Info Service Public Company ADVANC 374.00 THB 286.77 THB -23%
Telefónica, S.A TEFN 75.67 MXN 108.96 MXN +44%
TLKM TLKM 2,590 IDR 3,898 IDR +50%
PT Indoritel Makmur Internasional Tbk., DNET 9,500 IDR 1,503 IDR -84%
SK Telecom Co 017670 91,100 KRW 41,693 KRW -54%

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Frequently asked questions

Is Chunghwa Telecom Co (CHT) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $58.82 versus a price of $42.28, about +39% (undervalued).
What is the fair value of CHT?
Our model-based fair value for Chunghwa Telecom Co is $58.82 (as of Aug 13, 2026), built from audited fundamentals. The current price is $42.28.
What is the quality score of CHT?
Chunghwa Telecom Co has a Quality Score of 69/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Chunghwa Telecom Co (CHT)?
Chunghwa Telecom Co reported trailing-twelve-month revenue of about $240B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of CHT?
The net profit margin of Chunghwa Telecom Co is about 16.2%, meaning it keeps roughly 16.2% of revenue as net income. Based on the latest reported figures.
Does Chunghwa Telecom Co pay a dividend?
Chunghwa Telecom Co currently shows a dividend yield of about 3.57% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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