Chunghwa Telecom Financials

CHT

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Chunghwa Telecom (CHT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 53/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Chunghwa Telecom's revenue declined 3.8% year-over-year, from $7.3B to $7.0B. This contraction results in a growth score of 27/100.

Leverage

100

Chunghwa Telecom carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Chunghwa Telecom's current ratio of 1.38 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 23/100, which could limit financial flexibility.

Cash Flow

Chunghwa Telecom converts 22.0% of revenue into free cash flow ($1.5B). This strong cash generation earns a score of 80/100.

Returns

Chunghwa Telecom's ROE of 9.7% shows moderate profitability relative to equity, earning a score of 33/100. This is up from 9.7% the prior year.

Piotroski F-Score Neutral

6/9

Chunghwa Telecom passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.06x

For every $1 of reported earnings, Chunghwa Telecom generates $2.06 in operating cash flow ($2.4B OCF vs $1.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$7.0B

YoY-3.8%

5Y CAGR+0.2%

Chunghwa Telecom generated $7.0B in revenue in fiscal year 2024. This represents a decrease of 3.8% from the prior year.

EBITDA

N/A

Net Income

$1.2B

YoY-5.6%

5Y CAGR+0.7%

Chunghwa Telecom reported $1.2B in net income in fiscal year 2024. This represents a decrease of 5.6% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$1.5B

YoY+7.5%

5Y CAGR-0.9%

Chunghwa Telecom generated $1.5B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 7.5% from the prior year.

Cash & Debt

$1.1B

YoY+7.2%

5Y CAGR-1.8%

Chunghwa Telecom held $1.1B in cash against $224.0M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

7.76B

YoY+0.0%

5Y CAGR+0.0%

Chunghwa Telecom had 7.76B shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

16.7%

YoY-0.3pp

5Y CAGR+0.4pp

Chunghwa Telecom's net profit margin was 16.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.3 percentage points from the prior year.

Return on Equity

9.7%

YoY+0.0pp

5Y CAGR+0.9pp

Chunghwa Telecom's ROE was 9.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$877.0M

YoY-12.6%

5Y CAGR+1.7%

Chunghwa Telecom invested $877.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 12.6% from the prior year.

CHT Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$7.0B-3.8%	$7.3B+3.3%	$7.1B-7.1%	$7.6B+2.6%	$7.4B+6.6%	$6.9B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$285.0M-2.4%	$292.0M-3.9%	$304.0M-6.5%	$325.0M+12.5%	$289.0M+8.6%	$266.0M
Net Income	$1.2B-5.6%	$1.2B+0.9%	$1.2B-7.8%	$1.3B+8.1%	$1.2B+9.0%	$1.1B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CHT Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$16.3B-4.7%	$17.1B+0.5%	$17.0B-8.0%	$18.5B+2.6%	$18.0B+13.0%	$16.0B
Current Assets	$3.4B+2.2%	$3.4B+1.7%	$3.3B+1.1%	$3.3B+12.6%	$2.9B-7.4%	$3.1B
Cash & Equivalents	$1.1B+7.2%	$1.0B-37.0%	$1.6B+26.7%	$1.3B+18.0%	$1.1B-9.5%	$1.2B
Inventory	$369.0M-1.9%	$376.0M+2.2%	$368.0M-9.8%	$408.0M-7.7%	$442.0M-23.8%	$580.0M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.0B-14.9%	$2.4B-7.8%	$2.6B-14.8%	$3.0B-5.8%	$3.2B+104.3%	$1.6B
Total Liabilities	$4.2B-1.3%	$4.3B0.0%	$4.3B-4.1%	$4.5B+5.3%	$4.2B+36.4%	$3.1B
Current Liabilities	$2.5B+13.0%	$2.2B+0.4%	$2.2B-7.7%	$2.4B-8.5%	$2.6B+18.0%	$2.2B
Long-Term Debt	$224.0M-8.2%	$244.0M+2.1%	$239.0M-6.3%	$255.0M+15.4%	$221.0M+2.3%	$216.0M
Total Equity	$12.1B-5.9%	$12.8B+0.7%	$12.7B-9.2%	$14.0B+1.7%	$13.8B+7.3%	$12.8B
Retained Earnings	$4.7B-5.4%	$5.0B+0.8%	$4.9B-8.8%	$5.4B+3.0%	$5.3B+7.7%	$4.9B

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$16.3B-4.7%	$17.1B+0.5%	$17.0B-8.0%	$18.5B+2.6%	$18.0B+13.0%	$16.0B+4.5%	$15.3B+0.3%	$15.2B
Current Assets	$3.4B+2.2%	$3.4B+1.7%	$3.3B+1.1%	$3.3B+12.6%	$2.9B-7.4%	$3.1B+5.0%	$3.0B+11.9%	$2.7B
Cash & Equivalents	$1.1B+7.2%	$1.0B-37.0%	$1.6B+26.7%	$1.3B+18.0%	$1.1B-9.5%	$1.2B+31.2%	$924.0M-1.9%	$942.0M
Inventory	$369.0M-1.9%	$376.0M+2.2%	$368.0M-9.8%	$408.0M-7.7%	$442.0M-23.8%	$580.0M+17.4%	$494.0M+65.8%	$298.0M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.0B-14.9%	$2.4B-7.8%	$2.6B-14.8%	$3.0B-5.8%	$3.2B+104.3%	$1.6B-5.5%	$1.7B-10.2%	$1.9B
Total Liabilities	$4.2B-1.3%	$4.3B0.0%	$4.3B-4.1%	$4.5B+5.3%	$4.2B+36.4%	$3.1B+15.1%	$2.7B-2.0%	$2.8B
Current Liabilities	$2.5B+13.0%	$2.2B+0.4%	$2.2B-7.7%	$2.4B-8.5%	$2.6B+18.0%	$2.2B+7.1%	$2.1B-4.3%	$2.2B
Long-Term Debt	$224.0M-8.2%	$244.0M+2.1%	$239.0M-6.3%	$255.0M+15.4%	$221.0M+2.3%	$216.0M	N/A	N/A
Total Equity	$12.1B-5.9%	$12.8B+0.7%	$12.7B-9.2%	$14.0B+1.7%	$13.8B+7.3%	$12.8B+2.3%	$12.6B+0.8%	$12.5B
Retained Earnings	$4.7B-5.4%	$5.0B+0.8%	$4.9B-8.8%	$5.4B+3.0%	$5.3B+7.7%	$4.9B+1.9%	$4.8B+5.4%	$4.6B

CHT Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$2.4B-0.8%	$2.4B-1.5%	$2.5B-8.4%	$2.7B+1.8%	$2.7B+9.5%	$2.4B
Capital Expenditures	$877.0M-12.6%	$1.0B-2.1%	$1.0B-19.5%	$1.3B+52.0%	$838.0M+3.8%	$807.0M
Free Cash Flow	$1.5B+7.5%	$1.4B-1.0%	$1.4B+1.5%	$1.4B-21.4%	$1.8B+12.4%	$1.6B
Investing Cash Flow	-$1.1B+34.2%	-$1.6B-63.4%	-$1.0B+10.8%	-$1.1B+53.7%	-$2.4B-168.0%	-$907.0M
Financing Cash Flow	-$1.3B+4.8%	-$1.3B-17.5%	-$1.1B+8.5%	-$1.2B-254.4%	-$349.0M+73.2%	-$1.3B
Dividends Paid	$1.1B-5.5%	$1.2B+2.4%	$1.2B-3.4%	$1.2B+3.2%	$1.2B+0.4%	$1.2B
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CHT Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	16.7%-0.3pp	17.1%-0.4pp	17.5%-0.1pp	17.6%+0.9pp	16.7%+0.4pp	16.3%
Return on Equity	9.7%+0.0pp	9.7%+0.0pp	9.7%+0.1pp	9.5%+0.6pp	9.0%+0.1pp	8.8%
Return on Assets	7.2%-0.1pp	7.3%+0.0pp	7.2%+0.0pp	7.2%+0.4pp	6.9%-0.3pp	7.1%
Current Ratio	1.38-0.1	1.52+0.0	1.50+0.1	1.37+0.3	1.12-0.3	1.42
Debt-to-Equity	0.020.0	0.020.0	0.020.0	0.020.0	0.020.0	0.02
FCF Margin	22.0%+2.3pp	19.7%-0.8pp	20.5%+1.7pp	18.8%-5.8pp	24.5%+1.3pp	23.3%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.38-0.1	1.52+0.0	1.50+0.1	1.37+0.3	1.12-0.3	1.42-0.0	1.45+0.2	1.24
Debt-to-Equity	0.020.0	0.020.0	0.020.0	0.020.0	0.020.0	0.02-0.2	0.210.0	0.22
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Chunghwa Telecom's annual revenue?

Chunghwa Telecom (CHT) reported $7.0B in total revenue for fiscal year 2024. This represents a -3.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Chunghwa Telecom's revenue growing?

Chunghwa Telecom (CHT) revenue declined by 3.8% year-over-year, from $7.3B to $7.0B in fiscal year 2024.

Is Chunghwa Telecom profitable?

Yes, Chunghwa Telecom (CHT) reported a net income of $1.2B in fiscal year 2024, with a net profit margin of 16.7%.

How much debt does Chunghwa Telecom have?

As of fiscal year 2024, Chunghwa Telecom (CHT) had $1.1B in cash and equivalents against $224.0M in long-term debt.

What is Chunghwa Telecom's net profit margin?

Chunghwa Telecom (CHT) had a net profit margin of 16.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Chunghwa Telecom's return on equity (ROE)?

Chunghwa Telecom (CHT) has a return on equity of 9.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Chunghwa Telecom's free cash flow?

Chunghwa Telecom (CHT) generated $1.5B in free cash flow during fiscal year 2024. This represents a 7.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Chunghwa Telecom's operating cash flow?

Chunghwa Telecom (CHT) generated $2.4B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Chunghwa Telecom's total assets?

Chunghwa Telecom (CHT) had $16.3B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Chunghwa Telecom's capital expenditures?

Chunghwa Telecom (CHT) invested $877.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Chunghwa Telecom have outstanding?

Chunghwa Telecom (CHT) had 7.76B shares outstanding as of fiscal year 2024.

What is Chunghwa Telecom's current ratio?

Chunghwa Telecom (CHT) had a current ratio of 1.38 as of fiscal year 2024, which is considered adequate.

What is Chunghwa Telecom's debt-to-equity ratio?

Chunghwa Telecom (CHT) had a debt-to-equity ratio of 0.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Chunghwa Telecom's return on assets (ROA)?

Chunghwa Telecom (CHT) had a return on assets of 7.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Chunghwa Telecom's Piotroski F-Score?

Chunghwa Telecom (CHT) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Chunghwa Telecom's earnings high quality?

Chunghwa Telecom (CHT) has an earnings quality ratio of 2.06x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Chunghwa Telecom?

Chunghwa Telecom (CHT) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.