Chunghwa Telecom Co., Ltd. ADR
Chunghwa Telecom Co., Ltd. ADR is a depositary receipt representing shares of Chunghwa Telecom, Taiwan’s leading integrated telecommunications provider. The company delivers a broad range of communication services, including fixed-line voice, mobile connectivity, broadband internet, data transmission, and enterprise networking solutions. It also serves corporate and public-sector clients with cloud, cybersecurity, and information and communication technology services. Through its consumer, enterprise, and international business segments, Chunghwa Telecom plays a central role in Taiwan’s telecom infrastructure and supports connectivity across domestic and cross-border markets. The ADR gives international investors access to a major telecommunications franchise with exposure to recurring service demand in one of Asia’s most developed communications markets.
$47.50
-$0.09 (-0.19%)
EOD Oct 21, 2026
20.73% operating margin is above average. ROIC at 8.95%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue growth slowed to 2.7%, essentially flat. This is a business that needs a catalyst.
At 30x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
30.1x earnings, 22.1x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
TWD 243.59B
▲ +2.7% YoY
Net Income (TTM)
TWD 41.56B
▲ +5.1% YoY
Op. Margin
20.51%
▲ +0.3pp YoY
ROIC
8.95%
▲ +0.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
TWD 54.51B
▼ -1.3% YoY
Op. Cash Flow (TTM)
TWD 79.90B
▼ -11.1% YoY
Net Debt
-TWD 20.57B
Net Cash Position
Cash & Equiv.
TWD 58.59B
3Y CAGR: +2.9%
3Y CAGR: +5.3%
Continue Research
Is Chunghwa Telecom Co., Ltd. ADR (CHT) overvalued?
At a P/E of 30.1 and a price-to-free-cash-flow of 22.1, Chunghwa Telecom Co., Ltd. ADR (CHT) trades below a two-stage DCF intrinsic value of about TWD 1,653.56 per share, so at TWD 47.50 the stock looks undervalued (3,381.2% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Chunghwa Telecom Co., Ltd. ADR scores 61/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.1%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Chunghwa Telecom Co., Ltd. ADR's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about TWD 1,653.56 per share for CHT, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around TWD 1,240.17. At today's TWD 47.50, that puts the stock about 3,381.2% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Chunghwa Telecom Co., Ltd. ADR a high-quality business?+
Chunghwa Telecom Co., Ltd. ADR scores 61 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 20.5% operating margin and a 9.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Chunghwa Telecom Co., Ltd. ADR (CHT) pay a dividend, and how much?+
Yes, Chunghwa Telecom Co., Ltd. ADR pays a regular dividend of about TWD 1.67 per share per year (typically in quarterly installments), a yield of roughly 0.1% at the current price. That is a payout ratio of about 3.1% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For CHT's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Chunghwa Telecom Co., Ltd. ADR a good stock to buy right now?+
That depends on valuation and quality together, not either alone. CHT currently trades below its estimated intrinsic value and scores 61/100 on quality (solid). It also yields about 0.1%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Telecom Services
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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