CHUNGHWA TELECOM LT-SPON ADR (CHT) Stock Fundamental Analysis
NYSE:CHT - New York Stock Exchange, Inc. - US17133Q5027 - ADR - Currency: USD
Taking everything into account, CHT scores 5 out of 10 in our fundamental rating. CHT was compared to 33 industry peers in the Diversified Telecommunication Services industry. Both the profitability and the financial health of CHT get a neutral evaluation. Nothing too spectacular is happening here. 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.
CHT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of CHT (7.00%) is better than 87.88% of its industry peers.
Looking at the Return On Equity, with a value of 9.52%, CHT is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 8.23%, CHT belongs to the top of the industry, outperforming 87.88% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CHT is in line with the industry average of 7.29%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7% | ||
| ROE | 9.52% | ||
| ROIC | 8.23% |
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
Looking at the Profit Margin, with a value of 16.30%, CHT belongs to the top of the industry, outperforming 87.88% of the companies in the same industry.
CHT's Profit Margin has been stable in the last couple of years.
CHT's Operating Margin of 20.51% is amongst the best of the industry. CHT outperforms 81.82% of its industry peers.
CHT's Operating Margin has been stable in the last couple of years.
The Gross Margin of CHT (36.61%) is worse than 81.82% of its industry peers.
In the last couple of years the Gross Margin of CHT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.51% | ||
| PM (TTM) | 16.3% | ||
| GM | 36.61% |
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
Compared to 1 year ago, CHT has about the same amount of shares outstanding.
Compared to 5 years ago, CHT has about the same amount of shares outstanding.
CHT has a better debt/assets ratio than last year.
2.2 Solvency
CHT has a debt to FCF ratio of 0.90. This is a very positive value and a sign of high solvency as it would only need 0.90 years to pay back of all of its debts.
CHT's Debt to FCF ratio of 0.90 is amongst the best of the industry. CHT outperforms 93.94% of its industry peers.
CHT has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of CHT (0.08) is better than 90.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.9 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
CHT has a Current Ratio of 1.63. 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 better Current ratio (1.63) than 78.79% of its industry peers.
CHT has a Quick Ratio of 1.46. 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 better Quick ratio (1.46) than 78.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.46 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.75% over the past year.
Measured over the past 5 years, CHT shows a small growth in Earnings Per Share. The EPS has been growing by 2.61% on average per year.
The Revenue has been growing slightly by 3.08% in the past year.
CHT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.08% yearly.
EPS 1Y (TTM)2.75%
EPS 3Y1.36%
EPS 5Y2.61%
EPS Q2Q%4.13%
Revenue 1Y (TTM)3.08%
Revenue growth 3Y3%
Revenue growth 5Y2.08%
Sales Q2Q%1.57%
3.2 Future
The Earnings Per Share is expected to grow by 3.04% 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 2.04% yearly.
EPS Next Y3.93%
EPS Next 2Y3.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.2%
Revenue Next 2Y2.19%
Revenue Next 3Y2.04%
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 stable.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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 2Y3.04%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CHT has a Yearly Dividend Yield of 3.77%.
Compared to an average industry Dividend Yield of 5.10, CHT pays a bit more dividend than its industry peers.
CHT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.77% |
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
98.09% 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.
DP98.09%
EPS Next 2Y3.04%
EPS Next 3YN/A
44.36
-0.05 (-0.11%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)
Earnings (Next)
Inst Owners22.7%
Inst Owner Change3%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap34.41B
Analysts70
Price Target44.82 (1.04%)
Short Float %0.26%
Short Ratio7.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.77% |
Yearly DividendN/A
Dividend Growth(5Y)1.22%
DP98.09%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.93%
Min EPS beat(2)-1.18%
Max EPS beat(2)7.04%
EPS beat(4)1
Avg EPS beat(4)-0.62%
Min EPS beat(4)-6.17%
Max EPS beat(4)7.04%
EPS beat(8)2
Avg EPS beat(8)-1.29%
EPS beat(12)5
Avg EPS beat(12)-1.08%
EPS beat(16)8
Avg EPS beat(16)1.8%
Revenue beat(2)1
Avg Revenue beat(2)-1.18%
Min Revenue beat(2)-2.82%
Max Revenue beat(2)0.45%
Revenue beat(4)1
Avg Revenue beat(4)-1.65%
Min Revenue beat(4)-2.82%
Max Revenue beat(4)0.45%
Revenue beat(8)1
Avg Revenue beat(8)-2.07%
Revenue beat(12)3
Avg Revenue beat(12)-1.56%
Revenue beat(16)3
Avg Revenue beat(16)-1.71%
PT rev (1m)12.96%
PT rev (3m)11.91%
EPS NQ rev (1m)0.01%
EPS NQ rev (3m)0.32%
EPS NY rev (1m)-0.19%
EPS NY rev (3m)0.04%
Revenue NQ rev (1m)0.2%
Revenue NQ rev (3m)0.2%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)0.83%
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 | 7% | ||
| ROE | 9.52% | ||
| ROCE | 10.2% | ||
| ROIC | 8.23% | ||
| ROICexc | 9.58% | ||
| ROICexgc | 11.44% | ||
| OM | 20.51% | ||
| PM (TTM) | 16.3% | ||
| GM | 36.61% | ||
| FCFM | 21.11% |
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 | 0.9 | ||
| Debt/EBITDA | 0.36 | ||
| Cap/Depr | 73.89% | ||
| Cap/Sales | 12.71% | ||
| Interest Coverage | 139.51 | ||
| Cash Conversion | 89.66% | ||
| Profit Quality | 129.48% | ||
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.46 | ||
| 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)2.75%
EPS 3Y1.36%
EPS 5Y2.61%
EPS Q2Q%4.13%
EPS Next Y3.93%
EPS Next 2Y3.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.08%
Revenue growth 3Y3%
Revenue growth 5Y2.08%
Sales Q2Q%1.57%
Revenue Next Year3.2%
Revenue Next 2Y2.19%
Revenue Next 3Y2.04%
Revenue Next 5YN/A
EBIT growth 1Y1.32%
EBIT growth 3Y1.06%
EBIT growth 5Y2.77%
EBIT Next Year89.41%
EBIT Next 3Y24.66%
EBIT Next 5YN/A
FCF growth 1Y16.85%
FCF growth 3Y8.57%
FCF growth 5Y0.97%
OCF growth 1Y3.62%
OCF growth 3Y1.92%
OCF growth 5Y1.82%