CHT Valuation

Chunghwa Telecom Co Ltd

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45.665

+0.245(0.539%)1D

Overview
Forecast
Valuation
Earnings

CHT Relative Valuation

CHT's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, CHT is overvalued; if below, it's undervalued.

Historical Valuation

Chunghwa Telecom Co Ltd (CHT) is now in the Undervalued zone, suggesting that its current forward PS ratio of 4.39 is considered Undervalued compared with the five-year average of 23.21. The fair price of Chunghwa Telecom Co Ltd (CHT) is between +Inf to +Inf according to relative valuation methord. Compared to the current price of 45.42 USD , Chunghwa Telecom Co Ltd is Undervalued By Fair.

Relative Value

Fair Zone

+Inf-+Inf

Current Price：45.42

Fair

Undervalued

0.00

Trailing

Forward

11.59

EV/EBITDA

Chunghwa Telecom Co Ltd. (CHT) has a current EV/EBITDA of 11.59. The 5-year average EV/EBITDA is 10.73. The thresholds are as follows: Strongly Undervalued below 9.59, Undervalued between 9.59 and 10.16, Fairly Valued between 11.29 and 10.16, Overvalued between 11.29 and 11.86, and Strongly Overvalued above 11.86. The current Forward EV/EBITDA of 11.59 falls within the Overvalued range.

21.27

EV/EBIT

Chunghwa Telecom Co Ltd. (CHT) has a current EV/EBIT of 21.27. The 5-year average EV/EBIT is 20.12. The thresholds are as follows: Strongly Undervalued below 17.98, Undervalued between 17.98 and 19.05, Fairly Valued between 21.19 and 19.05, Overvalued between 21.19 and 22.26, and Strongly Overvalued above 22.26. The current Forward EV/EBIT of 21.27 falls within the Overvalued range.

4.39

Chunghwa Telecom Co Ltd. (CHT) has a current PS of 4.39. The 5-year average PS is 4.16. The thresholds are as follows: Strongly Undervalued below 3.82, Undervalued between 3.82 and 3.99, Fairly Valued between 4.33 and 3.99, Overvalued between 4.33 and 4.50, and Strongly Overvalued above 4.50. The current Forward PS of 4.39 falls within the Overvalued range.

13.33

P/OCF

Chunghwa Telecom Co Ltd. (CHT) has a current P/OCF of 13.33. The 5-year average P/OCF is 11.67. The thresholds are as follows: Strongly Undervalued below 9.96, Undervalued between 9.96 and 10.81, Fairly Valued between 12.52 and 10.81, Overvalued between 12.52 and 13.37, and Strongly Overvalued above 13.37. The current Forward P/OCF of 13.33 falls within the Overvalued range.

22.74

P/FCF

Chunghwa Telecom Co Ltd. (CHT) has a current P/FCF of 22.74. The 5-year average P/FCF is 20.62. The thresholds are as follows: Strongly Undervalued below 13.96, Undervalued between 13.96 and 17.29, Fairly Valued between 23.95 and 17.29, Overvalued between 23.95 and 27.28, and Strongly Overvalued above 27.28. The current Forward P/FCF of 22.74 falls within the Historic Trend Line -Fairly Valued range.

Chunghwa Telecom Co Ltd (CHT) has a current Price-to-Book (P/B) ratio of 28.54. Compared to its 3-year average P/B ratio of 8.19 , the current P/B ratio is approximately 248.40% higher. Relative to its 5-year average P/B ratio of 5.86, the current P/B ratio is about 387.14% higher. Chunghwa Telecom Co Ltd (CHT) has a Forward Free Cash Flow (FCF) yield of approximately 4.71%. Compared to its 3-year average FCF yield of 4.97%, the current FCF yield is approximately -5.19% lower. Relative to its 5-year average FCF yield of 5.01% , the current FCF yield is about -5.95% lower.

28.54

P/B

Median3y

8.19

Median5y

5.86

4.71

FCF Yield

Median3y

4.97

Median5y

5.01

Competitors Valuation Multiple

The average P/S ratio for CHT's competitors is 1.60, providing a benchmark for relative valuation. Chunghwa Telecom Co Ltd Corp (CHT) exhibits a P/S ratio of 4.39, which is 175.27% above the industry average. Given its robust revenue growth of 9.82%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

CHT.N

Chunghwa Telecom Co Ltd

Frontier Communications Parent Inc

Lumen Technologies Inc

Performance Decomposition

Market capitalization of CHT increased by 17.52% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 1.67B to 1.84B.

The secondary factor is the P/E Change, contributed 7.65%to the performance.

Overall, the performance of CHT in the past 1 year is driven by Revenue Growth. Which is more sustainable.

9.82%

1.67B → 1.84B

Revenue Growth

0.05%

18.68 → 18.69

Margin Expansion

7.65%

256.65 → 276.28

P/E Change

17.52%