Chunghwa Telecom Co., Ltd. (CHT) vs AT&T Inc. (T)

Chunghwa Telecom Co., Ltd. and AT&T Inc. are both Telecom Services companies. AT&T Inc. is the larger, with a market value of $174.2B against $35.7B — 4.9× the size. AT&T Inc. trades at the lower P/E: 8.4× against 28.0×. Chunghwa Telecom Co., Ltd. grew revenue faster over the last twelve months: 9.72% against 2.63%. AT&T Inc. has the higher net margin (16.8% vs 16.1%) and the lower return on invested capital (6.33% vs 9.58%). Both pay a dividend; AT&T Inc. yields more (6.67% vs 4.06%). Across the 23 metrics below, AT&T Inc. leads on 13 and Chunghwa Telecom Co., Ltd. on 10.

Valuation

Metric CHT T Telecom Services median
P/E 27.97 8.40 13.27
P/S 4.57 1.38 0.95
P/B 2.96 1.39 1.47
Price to free cash flow 21.10 9.99 8.72
EV/EBITDA 11.87 6.58 6.85
EV/Sales 4.35 2.38 1.87
Earnings yield 3.58% 11.90% 1.66%
Free cash flow yield 4.74% 10.01% 5.53%

Profitability

Metric CHT T Telecom Services median
Gross margin 36.51% 59.72% 51.26%
Operating margin 20.37% 20.12% 7.62%
Net margin 16.13% 16.83% 4.22%
Free cash flow margin 21.67% 13.85% 4.73%
Return on equity 10.33% 17.28% 5.80%
Return on assets 7.16% 5.14% 0.00%
Return on invested capital 9.58% 6.33% 3.41%

Growth

Metric CHT T Telecom Services median
Revenue growth (TTM) 9.72% 2.63% 3.31%
EPS growth (last fiscal year) 7.38% 104.03% —
Revenue growth, 5-year CAGR 0.36% (2.56%) 1.50%
Net income growth, 5-year CAGR 0.73% 0.00% 0.00%

Health

Metric CHT T Telecom Services median
Debt to equity 0.07 1.14 0.63
Current ratio 1.22 0.97 1.13
Net debt to EBITDA (0.37) 2.62 1.86

Dividend

Metric CHT T Telecom Services median
Dividend yield 4.06% 6.67% 4.06%
Payout ratio 0.96 0.56 0.00

Size

Metric CHT T Telecom Services median
Market cap 35.74b 174.19b 3.06b

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