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CHT · NYSE · United States · Radiotelephone Communications
In shortCHUNGHWA TELECOM CO LTD is profitable, generates cash and holds more cash than debt, with revenue growing (+3.0% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 20.4% | 85/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 16.2% | 85/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 9.7% | 49/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 9.8% | 65/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.38× | 48/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.00× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 138.27× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 4.82 | 95/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 22.0% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.36× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 1.3% | 100/100 |
| Operating margin volatility | 0.6% | 100/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 3.0% | 33/100 |
|---|---|---|
| EPS growth, 3-year average | 1.4% | 32/100 |
Weight in the score: 10%
Fiscal year 2024 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
TWD millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 207,609 | 210,478 | 216,739 | 223,199 | 229,968 |
| Cost of revenue | 137,029 | 135,111 | 136,717 | 141,767 | 146,583 |
| Gross profit | 70,580 | 75,367 | 80,022 | 81,432 | 83,385 |
| Research & development | 3,850 | 3,688 | 3,774 | 3,892 | 4,167 |
| Selling, general & admin | 5,006 | 5,293 | 6,580 | 6,801 | 7,175 |
| Operating income | 42,361 | 44,930 | 46,825 | 46,353 | 46,873 |
| Interest expense | 206 | 218 | 263 | 319 | 339 |
| Pre-tax income | 42,826 | 46,067 | 47,204 | 47,008 | 47,841 |
| Income tax | 8,122 | 9,020 | 9,335 | 8,947 | 9,333 |
| Net income | 33,419 | 35,616 | 36,358 | 36,958 | 37,189 |
| Diluted EPS | TWD4.30 | TWD4.59 | TWD4.68 | TWD4.76 | TWD4.78 |
| Diluted shares (millions) | 7,765 | 7,765 | 7,765 | 7,765 | 7,775 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
4.82 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Apr 16, 2025