Chunghwa Telecom Co., Ltd. ADR (CHT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 23	—	$0.41	—	—	$53.4B	—
Q4 22	—	$0.35	—	—	$59.2B	—
Q3 22	—	$0.4	—	—	$53B	—
Q2 22	—	$0.43	—	—	$52.3B	—
Q1 22	—	$0.4	—	—	$51.2B	—
Q4 21	—	$0.4	—	—	$58.9B	—
Q3 21	—	$0.43	—	—	$50.9B	—
Q2 21	—	$0.41	—	—	$49.6B	—
Q1 21	—	$0.41	—	—	$50.1B	—
Q4 20	—	$0.37	—	—	$59.5B	—
Q3 20	—	$0.37	—	—	$52.2B	—
Q2 20	—	$0.37	—	—	$47.8B	—
Q1 20	—	$0.36	—	—	$48.1B	—
Q4 19	—	$0.33	—	—	$55.2B	—
Q3 19	—	$0.33	—	—	$50.8B	—
Q2 19	—	$0.35	—	—	$50.1B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$49.9	—	—	$234.8B	—
FY24	—	$48	—	—	$228.6B	—
FY23	—	$47.6	—	—	$221.5B	—
FY22	—	$47	—	—	$215.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$230B	$227.5B	$215.5B	$207.3B	$207.4B	$209.4B	$215.7B	$221.5B	$228.6B	$234.8B
YoY change	-0.78%	-1.08%	-5.29%	-3.79%	+0.04%	+0.99%	+2.99%	+2.68%	+3.2%	+2.7%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	230B	227.5B	215.5B	207.3B	207.4B	209.4B	215.7B	221.5B	228.6B	234.8B
Cost of revenue	147.6B	146.8B	139.5B	136B	137B	135.1B	136.7B	141.8B	146.6B	149.1B
Gross profit	82.4B	80.7B	75.9B	71.6B	70.6B	75.4B	80B	81.4B	82B	85.6B
Gross margin	35.8%	35.5%	35.2%	34.5%	34%	36%	37.1%	36.8%	35.9%	36.5%
Research & development	3.8B	3.9B	3.7B	3.9B	3.9B	3.7B	3.8B	3.9B	4.2B	4.4B
Selling, general & administrative	30.1B	30B	27.8B	27B	25.9B	26.2B	29.4B	30.4B	32.3B	33.7B
Operating expenses	33.8B	33.9B	32.4B	30.7B	29.6B	28.9B	32.1B	32.6B	35.1B	36.7B
Operating income	48.6B	46.8B	43.5B	41B	41B	46.3B	47.8B	48.7B	46.8B	48.7B
Operating margin	21.1%	20.6%	20.2%	19.8%	19.8%	22.1%	22.1%	22%	20.5%	20.7%
Non-operating income, net	643M	1B	1.3B	947M	2.1B	891M	486M	-279M	648M	1.1B
Pretax income	49.4B	48B	45B	41.9B	42.8B	46.1B	47.2B	47B	47.8B	50.3B
Income tax	7.8B	7.8B	6.4B	7.9B	8.1B	9B	9.3B	8.9B	9.3B	9.8B
Net income	41.6B	40.2B	38.6B	33.9B	34.7B	37B	37.9B	38.1B	38.5B	40.5B
Net margin	18.1%	17.7%	17.9%	16.4%	16.7%	17.7%	17.6%	17.2%	16.8%	17.2%
EBITDA	82.2B	79.8B	76.3B	76.8B	77.7B	84.4B	87B	87.7B	87.5B	90B
EPS	51.6	50.1	45.8	42.3	43.1	46.1	47	47.6	48	49.9
Diluted EPS	51.6	50	45.7	42.2	43	46	47	47.5	47.9	49.8

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	53.4B	61.4B	54.7B	53.8B	1.8B	64.7B	55.4B	56.4B	57.6B	65.3B	59.7B	61B
Cost of revenue	33.8B	41.2B	34.5B	33.3B	1.1B	43.6B	34.2B	35B	36.4B	43.6B	37.2B	38.3B
Gross profit	19.6B	21.9B	20.2B	20.5B	650.3M	21.1B	21.2B	21.4B	21.2B	21.7B	22.4B	22.7B
Gross margin	36.7%	35.6%	37%	38.2%	36.4%	32.6%	38.3%	38%	36.8%	33.3%	37.6%	37.2%
Research & development	953M	1B	943.1M	1B	34.5M	1.2B	1B	1.1B	1.1B	1.1B	1.1B	1.1B
Selling, general & administrative	7.4B	8.5B	7.6B	7.9B	257M	8.9B	7.9B	8.2B	8.2B	9.5B	8.4B	8.6B
Operating expenses	8.1B	9B	8.2B	8.6B	282.7M	9.5B	8.6B	8.9B	8.9B	10.3B	9.2B	9.4B
Operating income	11.5B	12.8B	11.9B	11.9B	367.7M	11.5B	12.5B	12.5B	12.1B	11.5B	13.1B	13.3B
Operating margin	21.5%	20.8%	21.8%	22.2%	20.6%	17.8%	22.6%	22.2%	21%	17.6%	22%	21.7%
Non-operating income, net	116.6M	-717M	-6.5M	260.2M	519.2K	378.2M	55.2M	380.3M	70.1M	566.4M	-17.2M	478.8M
Pretax income	11.6B	10.5B	12B	12.3B	371M	12B	12.7B	13.1B	12.3B	12.2B	13.2B	14B
Income tax	2.3B	1.8B	2.4B	2.2B	71.2M	2.5B	2.5B	2.5B	2.4B	2.3B	2.6B	2.7B
Net income	9.4B	8.6B	9.6B	10.1B	299.9M	9.5B	10.2B	10.6B	9.9B	9.8B	10.6B	11.3B
Net margin	17.5%	14%	17.6%	18.8%	16.8%	14.7%	18.4%	18.8%	17.1%	15.1%	17.8%	18.5%
EBITDA	21.7B	21.1B	22B	22.1B	696.5M	21.8B	22.8B	22.9B	22.4B	21.9B	23.5B	23.9B
EPS	11.7	10.6	12.1	12.7	11.6	—	12.6	13.1	12.2	—	13	13.8
Diluted EPS	11.7	10.6	12.1	12.7	11.6	—	12.6	13.1	12.2	—	13	13.7

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	806.3B	905.7B	914.7B	943B	987B	1.1T	935.1B	982.8B	—	32.4B	35.7B
Enterprise value	770B	873.3B	879.2B	912.9B	988.7B	1.1T	925.6B	973.2B	—	11.8B	3.7B
Shares outstanding	25.6B	25.6B	25.6B	25.6B	25.6B	25.6B	25.6B	25.2B	775.7M	775.7M	775.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	19.4	22.6	23.7	27.8	28.4	29.1	24.7	25.8	—	0.8	28.8
P/S	3.51	3.98	4.24	4.55	4.76	5.15	4.34	4.44	—	0.14	0.15
P/B	2.2	2.45	2.38	2.45	2.55	2.77	2.39	2.5	—	0.08	12.4
EV/EBITDA	9.37	10.9	11.5	11.9	12.7	12.7	10.6	11.1	—	0.13	1.38
EV/Sales	3.35	3.84	4.08	4.4	4.77	5.13	4.29	4.39	—	0.05	0.48
Earnings yield	5.16%	4.43%	4.22%	3.6%	3.52%	3.43%	4.05%	3.87%	—	125.1%	3.48%
FCF yield	5.1%	3.62%	4.08%	5.08%	0.34%	3.64%	4.55%	4.43%	—	153.3%	4.37%
PEG	—	—	—	—	—	—	—	—	—	—	5.38

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	35.8%	35.5%	35.2%	34.5%	34%	36%	37.1%	36.8%	35.9%	36.5%	37.2%
Operating margin	21.1%	20.6%	20.2%	19.8%	19.8%	22.1%	22.1%	22%	20.5%	20.7%	21.6%
Net margin	18.1%	17.7%	17.9%	16.4%	16.7%	17.7%	17.6%	17.2%	16.8%	17.2%	16.1%
ROE	11.3%	10.9%	10%	8.83%	8.96%	9.52%	9.67%	9.69%	9.73%	10.2%	10.9%
ROA	9.31%	8.91%	8.26%	7.11%	6.86%	7.22%	7.24%	7.27%	7.21%	7.56%	5.69%
ROIC	12.4%	11.6%	10.7%	9.37%	8.54%	9.7%	10%	10.3%	9.9%	10.4%	11.8%
Return on tangible assets	11.8%	11.8%	10.6%	8.86%	10.7%	10.7%	10.4%	10.1%	9.74%	9.96%	9.44%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.27	1.24	1.45	1.42	1.12	1.37	1.5	1.52	1.38	1.45	1.22
Quick ratio	1.13	1.07	1.17	1.12	0.92	1.16	1.29	1.32	1.21	1.26	1.05
Debt / equity	0	0	0	0.03	0.1	0.1	0.11	0.11	0.11	0.1	0.1
Debt / assets	0	0	0	0.02	0.08	0.08	0.08	0.08	0.08	0.07	0.07
Net debt / EBITDA	-0.44	-0.41	-0.46	-0.39	0.02	-0.06	-0.11	-0.11	-0.18	-0.23	-0.45
Interest coverage	2.5K	2.2K	2.5K	403.6	208.9	212.3	180.5	148.4	142.1	136.9	131.1
Effective tax rate	15.8%	16.3%	14.2%	19%	19%	19.6%	19.8%	19%	19.5%	19.4%	19.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	9	8.9	8.43	8.11	8.11	8.2	8.44	8.8	294.7	302.6	78.9
EPS (basic)	51.6	50.1	45.8	42.3	43.1	46.1	47	47.6	48	49.9	49.9
EPS (diluted)	51.6	50	45.7	42.2	43	46	47	47.5	47.9	49.8	1.6
Book value per share	14.4	14.5	15	15	15.2	15.2	15.3	15.6	510.2	513.7	3.71
FCF per share	1.61	1.28	1.46	1.87	0.13	1.54	1.66	1.73	64.8	63.9	70.2
Cash per share	1.49	1.34	1.45	1.63	1.43	1.72	2.07	2.12	76	75.5	25.1
Capex per share	0.92	1.05	1.11	0.94	0.91	1.38	1.23	1.22	37.1	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	10.2%	11.7%	13.1%	11.6%	11.2%	16.9%	14.6%	13.9%	12.6%	—	—
Capex / operating cash flow	32.3%	34.7%	36.5%	29.9%	27.6%	42.6%	37.5%	36.8%	33%	—	—
Payout ratio	102.2%	95.5%	96.4%	102.4%	94.5%	90.2%	94.4%	95.8%	95.9%	95.8%	0%
Dividend yield	5.28%	4.23%	4.07%	3.68%	3.32%	3.1%	3.82%	3.71%	—	119.9%	14.4%

Yield

14.4%

trailing twelve months

Frequency

Annual

Last dividend

$1.653

ex-dividend Jul 9, 2026

Payout ratio

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 9, 2026	$1.653
Jul 3, 2025	$1.669
Jul 3, 2024	$1.4736
Jun 28, 2023	$1.5291
Jun 29, 2022	$1.5911
Aug 24, 2021	$1.5457
Jul 1, 2020	$1.435
Jul 24, 2019	$1.4246

Split history

Date

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$53.4B	$61.4B	$54.7B	$53.8B	$1.8B	$64.7B	$55.4B	$56.4B	$57.6B	$65.3B	$59.7B	$61B
YoY change	+0.76%	+3.66%	+2.29%	+1.13%	-96.7%	+5.48%	+1.39%	+4.78%	+3.1K%	+0.9%	+7.65%	+8.15%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	38.1B	34.1B	37.1B	41.5B	36.6B	44.1B	53B	53.3B	58.9B	58.6B
Receivables	31B	31.9B	30.1B	26.4B	22.6B	23.9B	24.7B	24.8B	26B	27.4B
Inventory	9.2B	10.9B	17.5B	19.7B	14.6B	14.2B	14.7B	13.8B	14.1B	15.3B
Total current assets	81.6B	79.3B	91.7B	94.1B	81.8B	91B	101.9B	103.2B	113B	117.4B
Property, plant & equipment	223.4B	216B	216B	220.2B	217.3B	224.7B	226.9B	227.7B	222.8B	220.2B
Goodwill & intangibles	94.7B	109.8B	101.9B	94.1B	180.6B	167.9B	158.4B	145.5B	138.8B	129.2B
Total assets	446.9B	450.9B	467.1B	477.1B	506.2B	512.9B	523B	523.7B	534.3B	535.7B
Accounts payable	18.8B	19.4B	20.5B	15.3B	15.6B	18.1B	16.4B	14.4B	17.7B	15.9B
Short-term debt	138M	70M	100M	3.4B	12B	3.3B	4.1B	5.7B	12.6B	6.1B
Total current liabilities	64.2B	63.9B	63.2B	66.1B	73.2B	66.2B	67.7B	67.8B	82B	81.1B
Long-term debt	1.6B	1.6B	1.6B	8.1B	26.2B	35.6B	39.4B	38B	30.7B	31.9B
Total liabilities	80B	81.5B	82.5B	92.9B	118.9B	123.7B	131.5B	131B	138.5B	137.2B
Shareholders' equity	366.9B	369.4B	384.5B	384.3B	387.3B	389.1B	391.5B	392.7B	395.8B	398.5B
Total debt	1.7B	1.7B	1.7B	11.4B	38.2B	38.9B	43.5B	43.6B	43.2B	38B
Net debt	-29.4B	-27.2B	-25.9B	-22.6B	7.8B	-864M	-6.7B	9.8B	7B	1.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	43.3B	53.3B	60.3B	69.3B	1.5B	58.9B	65B	73.9B	40.1B	58.6B	66.7B	79.6B
Receivables	23.5B	24.8B	22.6B	23.6B	745.6M	26B	22.5B	23.6B	26.5B	27.4B	29.1B	25.9B
Inventory	16.1B	13.8B	13.5B	13.9B	476.8M	14.1B	13.8B	14.2B	15.9B	15.3B	17.5B	20.3B
Total current assets	96.9B	103.2B	111.2B	122.9B	3.2B	113B	118.6B	128.7B	99.8B	117.4B	134.5B	143.8B
Property, plant & equipment	222.7B	227.7B	222.3B	220.3B	7B	222.8B	220B	218.2B	216.7B	220.2B	214.1B	211.8B
Goodwill & intangibles	151.3B	145.5B	142.2B	139B	4.4B	138.8B	129.3B	126B	132B	129.2B	126.7B	113.2B
Total assets	512.2B	523.7B	528.4B	536.4B	16.5B	534.3B	537.2B	544.5B	513.1B	535.7B	547.8B	553.6B
Accounts payable	13.2B	14.4B	9.8B	9.8B	399.8M	17.7B	10.7B	11.1B	13.5B	15.9B	13.8B	11.5B
Short-term debt	5.9B	5.7B	5.5B	5.5B	412.3M	12.6B	13.1B	15B	6.5B	6.1B	9.9B	8.4B
Total current liabilities	63.1B	67.8B	60.9B	96.2B	2.2B	82B	72.9B	111.6B	66.5B	81.1B	81.8B	117.5B
Long-term debt	37.9B	38B	37.9B	37.9B	992.9M	30.7B	30.8B	28.7B	32.1B	31.9B	29.9B	29.8B
Total liabilities	125.9B	131B	123.7B	159.1B	4B	138.5B	129B	164.9B	122.7B	137.2B	136.4B	171.5B
Shareholders' equity	386.3B	392.7B	404.6B	377.3B	12.5B	395.8B	408.3B	379.6B	390.4B	398.5B	411.4B	382.1B
Total debt	43.8B	43.6B	43.4B	43.5B	1.4B	43.2B	43.9B	43.6B	38.6B	38B	39.8B	38.2B
Net debt	11.8B	9.8B	10.1B	5.8B	397.2M	7B	14.8B	8.6B	15.1B	1.1B	4.5B	-4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	49.4B	48B	45B	41.9B	42.8B	46.1B	47.2B	47B	47.8B	50.3B
Depreciation & amortization	32.5B	31.9B	31.9B	35.2B	36.4B	38.4B	39.4B	39.7B	39.6B	40.2B
Stock-based compensation	17M	22M	17M	2M	8M	19M	16M	8M	8M	10M
Change in working capital	-9.1B	-2.9B	-1.2B	2.8B	4B	-2.4B	-3.8B	-3.8B	-743M	-4.3B
Operating cash flow	72.6B	77B	77.4B	80.8B	84B	82.9B	84B	83.4B	87.1B	77.4B
Capital expenditure	-23.5B	-26.7B	-28.3B	-24.1B	-23.2B	-35.3B	-31.5B	-30.7B	-28.7B	—
Investing cash flow	-22.6B	-26.3B	-32.9B	-27.6B	-21.4B	-31.6B	-29.6B	-50.9B	-36.5B	-2.2B
Dividends paid	-42.6B	-38.3B	-37.2B	-34.7B	-32.8B	-33.4B	-35.7B	-36.5B	-36.9B	-38.8B
Share repurchases	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-43.9B	-43.6B	-35.4B	-39.5B	-43.9B	-46.5B	-35.4B	-43.5B	-42.6B	-52B
Net change in cash	6.1B	7.1B	9.2B	13.7B	18.6B	4.8B	18.9B	-11B	8B	23.2B
Free cash flow	41.2B	32.8B	37.3B	47.9B	3.3B	39.3B	42.5B	43.6B	50.3B	49.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	11.6B	10.5B	12B	12.3B	371M	12B	12.7B	13.1B	12.3B	12.2B	13.2B	14B
Depreciation & amortization	9.9B	9.9B	9.9B	9.9B	319.2M	9.9B	10B	10B	10B	10.2B	10.2B	10.3B
Stock-based compensation	2.5M	664K	2.4M	2.3M	69.5K	1.2M	1.2M	1.1M	1.4M	6.3M	0	0
Change in working capital	-2.3B	1.5B	-3.1B	-1.8B	1.6M	1.5B	-3.9B	-2.3B	-4.6B	1.2B	-5.7B	129.1M
Operating cash flow	19.4B	21.9B	19B	20.5B	696.1M	23.5B	19B	16.3B	16.2B	32B	11.1B	20.6B
Capital expenditure	-7.1B	-11.9B	-5B	-4.9B	-163.8M	-12.7B	-5.7B	—	—	—	—	—
Investing cash flow	-1.6B	-22.8B	-13.2B	-9.7B	349.2M	-24.4B	-19.4B	-2.2B	22.8B	-9.2B	-9.8B	-5.6B
Dividends paid	-36.5B	-486K	—	—	—	-69K	—	—	—	232K	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-38.3B	-581.7M	-2B	-1.5B	-53.7M	-473.3M	-1.2B	-1.4B	-8.4B	-2.3B	1.2B	-3.8B
Net change in cash	-20.5B	-1.4B	3.7B	9.2B	991.5M	-1.3B	-1.6B	12.8B	30.6B	20.5B	2.5B	11.2B
Free cash flow	14.3B	12.7B	9B	10.2B	497.9M	16.7B	7.2B	9.4B	10B	23B	6.2B	15.2B

Jan 7, 2011	4:5
Jan 21, 2010	9091:10000
Jul 30, 2009	110:100
Oct 15, 2008	121:100

Chunghwa Telecom Co., Ltd. ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement