Chunghwa Telecom Co. Ltd.
Find Ratings ReportsCHUNGHWA TELECOM LTD's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not.
During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 2271.86 | 2108.79 |
EBITDA ($mil) | 0.0 | 746.3 |
EBIT ($mil) | 769.05 | 392.68 |
Net Income ($mil) | 314.38 | 304.18 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 0.0 | 1751.65 |
Total Assets ($mil) | 17108.45 | 17030.92 |
Total Debt ($mil) | 1066.3 | 1415.06 |
Equity ($mil) | 12478.93 | 12407.84 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 33.85 | 50.75 |
EBITDA Margin | 0.0 | 35.39 |
Operating Margin | 0.0 | 18.62 |
Sales Turnover | 0.43 | 0.41 |
Return on Assets | 7.04 | 6.97 |
Return on Equity | 9.66 | 9.57 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.57 | 1.55 |
Debt/Capital | 0.08 | 0.1 |
Interest Expense | 0.0 | 2.57 |
Interest Coverage | 0.0 | 152.97 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 775.75 | 775.75 |
Div / share | 0.0 | 0.0 |
EPS | 0.4 | 0.39 |
Book value / share | 16.09 | 15.99 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 90192.0 | 129755.0 |
BUY. This stock's P/E ratio indicates a premium compared to an average of 18.90 for the Telecommunications subsector and a discount compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 2.39 indicates a significant discount versus the S&P 500 average of 4.68 and a premium versus the subsector average of 2.06. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, CHUNGHWA TELECOM LTD proves to trade at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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CHT 24.80 | Peers 18.90 | CHT 12.25 | Peers 17.10 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. CHT is trading at a significant premium to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. CHT is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CHT NA | Peers 10.66 | CHT NA | Peers 0.70 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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CHT 2.39 | Peers 2.06 | CHT 1.30 | Peers 102.71 | |||||||||||||||||||||
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. CHT is trading at a premium to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, CHT is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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CHT 4.09 | Peers 1.91 | CHT 3.26 | Peers 5.82 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. CHT is trading at a significant premium to its subsector. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. CHT significantly trails its peers on the basis of sales growth. |
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