Saturday 17 October 2026 Export CHT’s income statement to Excel — free account

Chunghwa Telecom Co., Ltd.

CHT Communication Services Telecom Services

Chunghwa Telecom Co., Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $7.5 billion, up 7.33% from fiscal 2024. In the quarter to June 2026, revenue grew 5.50%, EPS grew 2.33%, free cash flow grew 39.6% and total debt fell 18.3%, each against the same quarter a year earlier.

47.64 0.02 −0.04%

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Market cap: $37.0B
P/E: 28.9×
Fwd P/E: —
Dividend yield: 3.47%
F-score: 8/9
Altman Z: 5.66
Beneish M: −2.68
Dividend safety: 40/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 36,970.00

Revenue 7,827.54

Net Income 1,623.68

Free Cash Flow 1,696.50

Net Debt (1,715.34)

Current Ratio 1.22

Debt/Equity 0.07

P/E ratio 28.87

Fwd P/E —

P/S ratio 4.72

P/B ratio 3.05

Past 5Y EPS Growth 1.85%

This Y EPS Growth 2.80%

Next Y EPS Growth 3.65%

Next Y revenue growth —

Next 5Y EPS Growth 3.28%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 97.38%

10-year low 10-year high

P/S against its own 10 years 96.06%

10-year low 10-year high

P/B against its own 10 years 99.96%

10-year low 10-year high

EV/Sales against its own 10 years 95.36%

10-year low 10-year high

EV/FCF against its own 10 years 58.63%

10-year low 10-year high

Dividends

Payout Ratio 1.00

Annual Dividend Rate 1.65

Annual Dividend Yield 3.47%

	total	individual payouts
2026	1.65	1.65
2025	1.67	1.67
2024	1.46	1.46
2023	1.48	1.48
2022	1.53	1.53
2021	1.55	1.55
2020	1.44	1.44
2019	1.42	1.42
2018	1.56	1.56
2017	1.64	1.64
2016	1.73	1.73

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,770	1,820	1,927	2,581
Receivables	3	6	7	5
Inventory	376	369	420	558
Other	318	360	394	385
	3,371	3,445	3,742	4,558

	2023	2024	2025	Q'26
Payables	—	—	—	—
ST’ Debt	71	275	72	136
Other	1,341	1,368	1,646	1,635
	2,213	2,501	2,584	3,724

Compound Annual Growth %

	10y	5y	3y
Sales	1.69%	0.36%	2.19%
Cash Flow	0.77%	(1.42%)	(0.04%)
Earnings	(0.88%)	0.73%	1.42%
Book Value	0.90%	(1.63%)	(0.10%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,896	1,945	—	—	—
’25	1,697	1,844	1,935	2,052	7,527
’24	1,747	1,672	1,724	1,870	7,013
’23	1,784	1,743	1,696	2,067	7,289
’22	1,831	1,783	1,760	1,679	7,053
’21	1,784	1,776	1,827	2,202	7,588
’20	1,599	1,602	1,779	2,414	7,393

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	351	655	—	—	—
’25	394	558	567	951	2,469
’24	449	454	639	875	2,417
’23	369	559	649	859	2,436
’22	422	510	621	919	2,472
’21	352	640	731	977	2,699
’20	442	445	713	1,052	2,652

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	205	487	—	—	—
’25	228	348	361	644	1,582
’24	288	296	458	491	1,533
’23	189	353	435	448	1,425
’22	235	294	300	557	1,385
’21	193	260	439	525	1,417
’20	(1,255)	243	516	626	130

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.41	0.44	—	—	—
’25	0.38	0.43	0.41	0.39	1.60
’24	0.38	0.39	0.36	0.36	1.49
’23	0.41	0.42	0.37	0.33	1.53
’22	0.41	0.42	0.40	0.35	1.58
’21	0.40	0.41	0.43	0.40	1.65
’20	0.36	0.37	0.37	0.37	1.46

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	29.31	31.28	34.02	33.61	34.46	38.49	32.90	35.45	35.92	36.61	Analyst estimates 2026–2028 Powerpack
	High	38.47	36.37	39.33	37.57	39.47	42.87	45.87	41.58	40.62	47.03
People
People	Employees	32,856	33,311	32,611	31,892	32,218	31,812	32,029	32,383	32,452	32,606
	Revenue/emp, $m	0.22	0.23	0.22	0.22	0.23	0.24	0.22	0.23	0.22	0.23
Income, $m
Income, $m	Revenue	7,099	7,676	7,040	6,938	7,393	7,588	7,053	7,289	7,013	7,527
	Gross margin, %	35.85	35.46	35.24	34.49	33.99	35.81	36.92	36.48	36.26	36.84
	EBT	1,525	1,620	1,470	1,400	1,525	1,661	1,536	1,535	1,459	1,603
	EBT margin, %	21.48	21.10	20.88	20.18	20.63	21.89	21.78	21.06	20.80	21.30
	Net income	1,525	1,620	1,470	1,400	1,525	1,661	1,536	1,535	1,459	1,603
	Depreciation	1,002	1,077	1,041	1,176	1,295	1,385	1,283	1,295	1,208	1,281
Per share, $
Per share, $	Revenue	9.15	9.90	9.07	8.94	9.53	9.78	9.09	9.40	9.04	9.70
	Earnings	1.60	1.64	1.48	1.39	1.46	1.65	1.58	1.53	1.49	1.60
	Cash flow	2.58	3.09	2.79	3.12	3.42	3.48	3.19	3.14	3.12	3.18
	Capex	(0.95)	(1.65)	(1.21)	(1.05)	(3.25)	(1.65)	(1.40)	(1.30)	(1.14)	(1.14)
	Free cash flow	1.64	1.43	1.58	2.07	0.17	1.83	1.79	1.84	1.98	2.04
	Book value	14.60	16.07	16.18	16.56	17.78	18.08	16.43	16.53	15.56	16.37
	Shares, m	776	776	777	776	776	776	776	776	776	776
Valuation, ×
Valuation, ×	P/E	19.93	21.88	23.70	27.13	26.27	25.58	23.59	25.42	25.27	25.91
	P/S	3.46	3.65	3.95	4.13	4.05	4.32	4.10	4.14	4.16	4.30
	P/B	2.17	2.25	2.21	2.23	2.17	2.33	2.27	2.35	2.42	2.55
	EV/Sales	3.30	3.51	3.78	3.93	4.01	4.24	4.00	4.04	4.05	4.16
	EV/FCF	18.46	24.25	21.69	17.01	228.28	22.69	20.39	20.68	18.51	19.78
Cash, $m
Cash, $m	Operating cash flow	2,005	2,393	2,168	2,421	2,652	2,699	2,472	2,436	2,417	2,469
	Capex	(734)	(1,283)	(940)	(817)	(2,522)	(1,282)	(1,087)	(1,011)	(884)	(887)
	Free cash flow	1,271	1,110	1,228	1,604	130	1,417	1,385	1,425	1,533	1,582
Balance, $m
Balance, $m	Working capital	539	520	930	934	305	894	1,112	1,158	944	1,158
	Total debt	53	56	55	56	1,020	1,032	1,067	1,067	986	866
	Net debt	(1,122)	(1,096)	(1,158)	(1,333)	(281)	(585)	(684)	(703)	(834)	(1,061)
	Shareholders’ equity	11,325	12,463	12,562	12,848	13,791	14,028	12,741	12,826	12,071	12,702
Returns, %
Returns, %	ROA	9.05	9.07	8.05	7.06	7.00	7.03	6.66	7.07	6.79	7.40
	ROIC	9.10	8.67	7.82	7.38	6.98	7.53	7.90	7.81	7.95	8.31
	ROE	10.90	11.06	9.81	8.67	8.93	9.23	8.84	9.44	9.11	9.96

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CMCSA Comcast Corporation	$77.3B	7.1×	8.2×	−1.23% (below 0%: shrinking)	−66.78% (below 0%: shrinking)	+2.27% (above 0%: growing)	37.09%	17.23%	Compare
AMX America Movil, S.A.B. de C.V. Unsponsored ADR	$68.7B	13.8×	12.1×	+15.58% (above 0%: growing)	+23.68% (above 0%: growing)	−25.28% (below 0%: shrinking)	63.33%	21.49%	Compare
CHT Chunghwa Telecom Co., Ltd.	$37.0B	28.9×	—	+5.50% (above 0%: growing)	+2.33% (above 0%: growing)	+39.64% (above 0%: growing)	37.54%	21.61%
VOD Vodafone Group PLC	$36.7B	32.7×	13.4×	−11.38% (below 0%: shrinking)	−130.12% (below 0%: shrinking)	−16.70% (below 0%: shrinking)	30.36%	0.00%	Compare
ORANY Orange	$29.8B	6.8×	—	−5.73% (below 0%: shrinking)	+128.97% (above 0%: growing)	+104.16% (above 0%: growing)	16.49%	0.00%	Compare
ECHO EchoStar Corporation	$25.3B	— (loss-making)	68.0×	−3.99% (below 0%: shrinking)	n/m	+64.20% (above 0%: growing)	34.37%	14.34%	Compare
TELFY Telefonica SA	$21.5B	— (loss-making)	10.6×	−5.45% (below 0%: shrinking)	n/m	−124.79% (below 0%: shrinking)	28.59%	10.79%	Compare
VIV Telefonica Brasil S.A.	$19.6B	25.1×	13.4×	+20.64% (above 0%: growing)	+33.01% (above 0%: growing)	+3.07% (above 0%: growing)	45.54%	16.48%	Compare
CHTR Charter Communications, Inc.	$19.4B	2.8×	3.2×	−1.74% (below 0%: shrinking)	+14.35% (above 0%: growing)	+45.18% (above 0%: growing)	39.27%	22.65%	Compare
Median of peers	$27.5B	10.4×	12.1×	−2.86%	+19.01%	+2.67%	35.73%	15.41%

All 55 Telecom Services stocks →

Chunghwa Telecom Co., Ltd. (CHT) key facts

Strength: Chunghwa Telecom Co., Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $7.5 billion, up 7.33% from fiscal 2024.
Strength: Net income was $1.6 billion, or $1.60 per share (basic), a net margin of 16.4%.
Chunghwa Telecom Co., Ltd. (CHT) is a Telecom Services company in the Communication Services sector, traded in the US as an ADR.
As of October 16, 2026, CHT traded at $47.64, a market capitalization of $37.0 billion.
At that price the stock trades at 28.9× trailing-twelve-month earnings and 4.7× sales; its P/E is higher than 97% of its own readings over the past ten years.
Chunghwa Telecom Co., Ltd. pays an annual dividend of $1.65 per share, a yield of 3.47%, with a payout ratio of 100.2%.
Return on equity was 9.96% and debt-to-equity 0.07.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 5.66 (safe zone) for fiscal 2025.