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Communications

Chunghwa Telecom Co., Ltd.

  • 109.50 TWD
  • -0.50
  • -0.45%
  • Taiwan
    Jun 22, 2018
  • Ticker
    TAI(2412)
  • Prev. close
    110.00
  • Market cap (TWD)
    853,319.06M
  • Market cap (USD)
    28,167.45M
  • Shares
    7,757.44M

Company Background

Chunghwa Telecom is Taiwan's largest telecommunications company, with total assets of more than $14 billion. It operates not only fixed-line and mobile service businesses but also media and IT solutions services. The number of telecom subscribers exceeded 22.4 million as of September 2015. The company employs over 23,000 people.

Chunghwa has been expanding its fourth-generationhigh-speed mobile broadband service to enhance profitability. In 2014, it became Taiwan's first telecom provider to launch 4G services. It continues to invest in 4G infrastructure. To diversify its revenue sources, the company is promoting music, video and other forms of entertainment to its subscribers. Chunghwa is also strengthening its information technology and cloud businesses in the hopes of pulling in corporate clients.

Chunghwa is around 40% owned by Taiwan's government. Tsai Lih-shyng became chairman and CEO in 2014. Before joining the company, he had worked at Taiwan Semiconductor Mfg. Co., or TSMC, the world's largest chip foundry. Tsai served as CEO of two wholly owned TSMC subsidiaries -- TSMC Solar and TSMC Solid State Lighting.

Business Summary

Chunghwa Telecom Co., Ltd. engages in the provision of telecommunication and information related services. It operates through the following business segments: Domestic Fixed Communications, Mobile Communications, Internet, International Fixed Communications, and Others. The company was founded on June 15, 1996 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2017 TWDUSD
Revenue227,514.18M7,478.43M
Gross Profit78,642.98M2,585.00M
Operating income46,828.18M1,539.25M
Income before tax47,589.81M1,564.28M
Net income38,873.90M1,277.79M
EBITDA78,736.96M2,588.09M
Diluted EPS50.16
Dividends Per Share4.790.15
Total Assets451,123.12M15,159.47M
Total liabilities77,543.54M2,605.76M
Total equity364,881.98M12,261.43M
Operating cash flow71,840.40M2,361.40M
Currency in TWDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 227,981.30M 226,608.68M 231,795.10M 229,991.42M 227,514.18M
Gross Profit 78,316.41M 75,728.45M 81,273.51M 80,229.72M 78,642.98M
Operating income 47,633.00M 44,187.67M 50,484.80M 48,621.04M 46,828.18M
Income before tax 48,435.39M 45,761.66M 51,060.22M 48,899.88M 47,589.81M
Net income 39,715.69M 38,616.17M 42,805.72M 40,067.01M 38,873.90M
EBITDA 79,808.71M 78,285.93M 83,914.53M 81,086.89M 78,736.96M
Diluted EPS 5.11 4.97 5.50 5.16 5
Dividends Per Share 2.38 4.85 5.48 4.94 4.79
Total Assets 441,185.10M 446,709.83M 453,021.09M 447,132.50M 451,123.12M
Total liabilities 75,840.95M 77,195.98M 79,012.08M 75,932.83M 77,543.54M
Total equity 360,289.82M 364,432.23M 368,739.92M 364,703.74M 364,881.98M
Operating cash flow 76,426.28M 72,387.22M 77,567.41M 66,215.07M 71,840.40M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 7,680.98M 7,478.04M 7,299.69M 7,131.33M 7,478.43M
Gross Profit 2,638.58M 2,499.02M 2,559.46M 2,487.68M 2,585.00M
Operating income 1,604.81M 1,458.18M 1,589.86M 1,507.59M 1,539.25M
Income before tax 1,631.85M 1,510.12M 1,607.98M 1,516.23M 1,564.28M
Net income 1,338.07M 1,274.32M 1,348.03M 1,242.35M 1,277.79M
EBITDA 2,688.85M 2,583.42M 2,642.63M 2,514.25M 2,588.09M
Diluted EPS 0.17 0.16 0.17 0.16 0.16
Dividends Per Share 0.08 0.16 0.17 0.15 0.15
Total Assets 14,803.13M 14,135.49M 13,791.85M 13,873.60M 15,159.47M
Total liabilities 2,544.69M 2,442.75M 2,405.45M 2,356.04M 2,605.76M
Total equity 12,088.84M 11,531.93M 11,225.98M 11,316.01M 12,261.43M
Operating cash flow 2,574.90M 2,388.76M 2,442.75M 2,053.12M 2,361.40M

Valuation Measures

Dec 2017
PER21.15
ROA8.65%
ROE10.65%
Operating margin20.58%
Profit margin17.08%

Key executives

  • Chairman & Chief Executive Officer: Yu Cheng
  • General Manager & Director: Chi Mao Hsieh
  • General Manager-Operations Department: Yao Ching Tsai
  • Chief Financial Officer: Shui-Yi Kuo
  • EVP & Manager-Northern Taiwan Business Group: Yuan Kuang Tu

Shareholders

  • Government of Taiwan (41.8%)
  • Fubon Life Insurance Co., Ltd. (4.4%)
  • BlackRock Fund Advisors (1.5%)
  • The Vanguard Group, Inc. (1.0%)
  • Norges Bank Investment Management (0.4%)
  • BlackRock Investment Management LLC (0.4%)
  • BlackRock Advisors (UK) Ltd. (0.3%)
  • Robeco Institutional Asset Management BV (0.2%)
  • Grantham, Mayo, Van Otterloo & Co. LLC (0.2%)
  • Canada Pension Plan Investment Board (0.2%)

Contact Details

Related Companies

  • Chunghwa Telecom Telecommunication Laboratories
  • Chunghwa System Integration Co., Ltd.
  • Chunghwa Sochamp Technology, Inc.
  • Chunghwa Telecom Vietnam Co. Ltd.
  • InfoExplorer Co., Ltd.
  • Chunghwa Telecom Singapore Pte Ltd.
  • Light-Era Development Co., Ltd.
  • Chunghwa Investment Co., Ltd.

Competitors

  • Taiwan Mobile Co. Ltd.
  • Asia Pacific Telecom Co., Ltd.
  • Far Eastone Telecommunications Co., Ltd.
  • Asian Pay Television Trust
  • Taiwan Optical Platform Co Ltd
  • Acer Incorporated
  • Baidu, Inc. Sponsored ADR Class A
  • Hewlett Packard Enterprise Co.
  • Hwacom Systems Inc
  • International Business Machines Corporation
  • LINE Corp.
  • MiTAC Holdings Corp.
  • NEC Corp.
  • Netflix, Inc.
  • Stark Technology, Inc.
  • Syscom Computer Engineering Co., Ltd.
  • Systex Corp.
  • Tatung Co.
  • Tencent Holdings Ltd.
Last Updated on 22 Jun, 2018

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