CHUNGHWA TELECOM LT-SPON ADR (CHT) Stock Fundamental Analysis
USA - NYSE:CHT - US17133Q5027 - ADR
42.99 USD
-0.45 (-1.04%)
42.99 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to CHT. CHT was compared to 36 industry peers in the Diversified Telecommunication Services industry. CHT scores excellent on profitability, but there are some minor concerns on its financial health. CHT is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
Each year in the past 5 years CHT has been profitable.
In the past 5 years CHT always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.97%, CHT belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
CHT has a better Return On Equity (10.36%) than 69.44% of its industry peers.
CHT has a better Return On Invested Capital (8.94%) than 88.89% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CHT is in line with the industry average of 6.38%.
The 3 year average ROIC (8.27%) for CHT is below the current ROIC(8.94%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.97% | ||
| ROE | 10.36% | ||
| ROIC | 8.94% |
ROA(3y)6.99%
ROA(5y)6.91%
ROE(3y)9.63%
ROE(5y)9.43%
ROIC(3y)8.27%
ROIC(5y)8.08%
1.3 Margins
CHT has a better Profit Margin (16.27%) than 86.11% of its industry peers.
In the last couple of years the Profit Margin of CHT has remained more or less at the same level.
CHT has a Operating Margin of 20.54%. This is amongst the best in the industry. CHT outperforms 80.56% of its industry peers.
CHT's Operating Margin has been stable in the last couple of years.
The Gross Margin of CHT (36.60%) is worse than 77.78% of its industry peers.
CHT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.54% | ||
| PM (TTM) | 16.27% | ||
| GM | 36.6% |
OM growth 3Y-1.88%
OM growth 5Y0.68%
PM growth 3Y-1.6%
PM growth 5Y0.48%
GM growth 3Y0.42%
GM growth 5Y1.01%
2. Health
2.1 Basic Checks
The number of shares outstanding for CHT remains at a similar level compared to 1 year ago.
CHT has about the same amout of shares outstanding than it did 5 years ago.
CHT has a better debt/assets ratio than last year.
2.2 Solvency
CHT has a debt to FCF ratio of 0.89. This is a very positive value and a sign of high solvency as it would only need 0.89 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.89, CHT belongs to the top of the industry, outperforming 97.22% of the companies in the same industry.
CHT has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
CHT's Debt to Equity ratio of 0.08 is amongst the best of the industry. CHT outperforms 91.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.89 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
CHT has a Current Ratio of 1.15. This is a normal value and indicates that CHT is financially healthy and should not expect problems in meeting its short term obligations.
CHT's Current ratio of 1.15 is in line compared to the rest of the industry. CHT outperforms 58.33% of its industry peers.
CHT has a Quick Ratio of 1.05. This is a normal value and indicates that CHT is financially healthy and should not expect problems in meeting its short term obligations.
CHT has a Quick ratio of 1.05. This is comparable to the rest of the industry: CHT outperforms 52.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.05 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.82% over the past year.
CHT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.61% yearly.
The Revenue has been growing slightly by 3.95% in the past year.
The Revenue has been growing slightly by 2.08% on average over the past years.
EPS 1Y (TTM)3.82%
EPS 3Y1.36%
EPS 5Y2.61%
EPS Q2Q%3.15%
Revenue 1Y (TTM)3.95%
Revenue growth 3Y3%
Revenue growth 5Y2.08%
Sales Q2Q%4.83%
3.2 Future
The Earnings Per Share is expected to grow by 5.05% on average over the next years.
CHT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.39% yearly.
EPS Next Y4.32%
EPS Next 2Y3.95%
EPS Next 3Y5.05%
EPS Next 5YN/A
Revenue Next Year3.34%
Revenue Next 2Y2.68%
Revenue Next 3Y2.39%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The decent profitability rating of CHT may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.95%
EPS Next 3Y5.05%
5. Dividend
5.1 Amount
CHT has a Yearly Dividend Yield of 2.93%.
Compared to an average industry Dividend Yield of 5.14, CHT pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, CHT pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.93% |
5.2 History
The dividend of CHT has a limited annual growth rate of 1.22%.
CHT has paid a dividend for at least 10 years, which is a reliable track record.
CHT has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)1.22%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
97.19% of the earnings are spent on dividend by CHT. This is not a sustainable payout ratio.
The dividend of CHT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP97.19%
EPS Next 2Y3.95%
EPS Next 3Y5.05%
42.99
-0.45 (-1.04%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)
Earnings (Next)
Inst Owners23.47%
Inst Owner Change-0.03%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap33.35B
Analysts73.33
Price Target44.47 (3.44%)
Short Float %0.15%
Short Ratio5.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.93% |
Yearly DividendN/A
Dividend Growth(5Y)1.22%
DP97.19%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-0.81%
Min EPS beat(2)-1.18%
Max EPS beat(2)-0.44%
EPS beat(4)1
Avg EPS beat(4)-0.19%
Min EPS beat(4)-6.17%
Max EPS beat(4)7.04%
EPS beat(8)1
Avg EPS beat(8)-1.74%
EPS beat(12)4
Avg EPS beat(12)-1.23%
EPS beat(16)7
Avg EPS beat(16)0.19%
Revenue beat(2)0
Avg Revenue beat(2)-2.04%
Min Revenue beat(2)-2.82%
Max Revenue beat(2)-1.26%
Revenue beat(4)1
Avg Revenue beat(4)-1.41%
Min Revenue beat(4)-2.82%
Max Revenue beat(4)0.45%
Revenue beat(8)1
Avg Revenue beat(8)-2.04%
Revenue beat(12)2
Avg Revenue beat(12)-1.67%
Revenue beat(16)3
Avg Revenue beat(16)-1.71%
PT rev (1m)-3.66%
PT rev (3m)-5.04%
EPS NQ rev (1m)0.41%
EPS NQ rev (3m)0.29%
EPS NY rev (1m)-0.09%
EPS NY rev (3m)0.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.13%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | N/A | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)N/A
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpSN/A
BVpSN/A
TBVpSN/A
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.97% | ||
| ROE | 10.36% | ||
| ROCE | 11.08% | ||
| ROIC | 8.94% | ||
| ROICexc | 10.8% | ||
| ROICexgc | 13.11% | ||
| OM | 20.54% | ||
| PM (TTM) | 16.27% | ||
| GM | 36.6% | ||
| FCFM | 21.04% |
ROA(3y)6.99%
ROA(5y)6.91%
ROE(3y)9.63%
ROE(5y)9.43%
ROIC(3y)8.27%
ROIC(5y)8.08%
ROICexc(3y)9.42%
ROICexc(5y)9.09%
ROICexgc(3y)11.51%
ROICexgc(5y)11.28%
ROCE(3y)10.25%
ROCE(5y)10.04%
ROICexcg growth 3Y0.15%
ROICexcg growth 5Y2.51%
ROICexc growth 3Y1.81%
ROICexc growth 5Y1.52%
OM growth 3Y-1.88%
OM growth 5Y0.68%
PM growth 3Y-1.6%
PM growth 5Y0.48%
GM growth 3Y0.42%
GM growth 5Y1.01%
F-Score7
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.89 | ||
| Debt/EBITDA | 0.33 | ||
| Cap/Depr | 75.7% | ||
| Cap/Sales | 12.93% | ||
| Interest Coverage | 137.48 | ||
| Cash Conversion | 90.29% | ||
| Profit Quality | 129.34% | ||
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.05 | ||
| Altman-Z | N/A |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)78.69%
Cap/Depr(5y)104.86%
Cap/Sales(3y)13.97%
Cap/Sales(5y)18.61%
Profit Quality(3y)123.22%
Profit Quality(5y)97.9%
High Growth Momentum
Growth
EPS 1Y (TTM)3.82%
EPS 3Y1.36%
EPS 5Y2.61%
EPS Q2Q%3.15%
EPS Next Y4.32%
EPS Next 2Y3.95%
EPS Next 3Y5.05%
EPS Next 5YN/A
Revenue 1Y (TTM)3.95%
Revenue growth 3Y3%
Revenue growth 5Y2.08%
Sales Q2Q%4.83%
Revenue Next Year3.34%
Revenue Next 2Y2.68%
Revenue Next 3Y2.39%
Revenue Next 5YN/A
EBIT growth 1Y3.34%
EBIT growth 3Y1.06%
EBIT growth 5Y2.77%
EBIT Next Year89.73%
EBIT Next 3Y26.43%
EBIT Next 5YN/A
FCF growth 1Y12.65%
FCF growth 3Y8.57%
FCF growth 5Y0.97%
OCF growth 1Y2.97%
OCF growth 3Y1.92%
OCF growth 5Y1.82%