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2412 · TWSE · Taiwan · Telecom and media
In shortCHT (中華電) is profitable, generates cash and holds more cash than debt, with revenue growing (+2.7% 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. | 20.6% | 85/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 16.4% | 86/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 10.0% | 50/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 9.5% | 63/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.49× | 57/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.07× | 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. | 131.08× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 4.90 | 98/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 21.1% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.29× | 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 | 0.7% | 100/100 |
| Operating margin volatility | 0.5% | 100/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 2.9% | 33/100 |
|---|---|---|
| EPS growth, 3-year average | 1.9% | 35/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year 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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 210,478 | 216,739 | 223,199 | 229,968 | 236,114 |
| Cost of revenue | 135,111 | 136,717 | 141,767 | 146,583 | 149,145 |
| Gross profit | 75,367 | 80,022 | 81,433 | 83,385 | 86,969 |
| Research & development | 3,688 | 3,774 | 3,891 | 4,167 | 4,362 |
| Operating income | 44,930 | 46,825 | 46,353 | 46,873 | 48,548 |
| Interest expense | 218 | 263 | 319 | 339 | 370 |
| Pre-tax income | 46,067 | 47,229 | 46,993 | 47,754 | 50,270 |
| Income tax | 8,872 | 9,229 | 9,002 | 9,216 | 9,753 |
| Net income | 35,754 | 36,477 | 36,917 | 37,220 | 38,712 |
| Diluted EPS | TWD4.60 | TWD4.70 | TWD4.75 | TWD4.79 | TWD4.98 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
4.90 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.
7/9
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: MOPS (mops.twse.com.tw). 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 –