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Chunghwa Telecom Co Ltd
TWSE:2412

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Chunghwa Telecom Co Ltd
TWSE:2412
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Price: 136 TWD -0.37% Market Closed
Market Cap: NT$1.1T

P/FCFE

26.4
Current
15%
More Expensive
vs 3-y average of 22.8

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
26.4
=
Market Cap
NT$1T
/
Free Cash Flow to Equity
NT$40B

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
26.4
=
Market Cap
NT$1T
/
Free Cash Flow to Equity
NT$40B

Valuation Scenarios

Chunghwa Telecom Co Ltd is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (22.8), the stock would be worth NT$117.9 (13% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-26%
Maximum Upside
+11%
Average Downside
11%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 26.4 NT$136
0%
3-Year Average 22.8 NT$117.9
-13%
5-Year Average 22.8 NT$117.62
-14%
Industry Average 29.2 NT$150.67
+11%
Country Average 19.4 NT$99.97
-26%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
TW
Chunghwa Telecom Co Ltd
TWSE:2412
1.1T TWD 26.4 27.3
US
Verizon Communications Inc
NYSE:VZ
201.1B USD 6.5 11.6
US
AT&T Inc
NYSE:T
181.9B USD 8.5 8.5
DE
Deutsche Telekom AG
XETRA:DTE
133.4B EUR 8.4 13.9
CN
China Telecom Corp Ltd
SSE:601728
551.8B CNY 12.2 16.7
JP
Nippon Telegraph and Telephone Corp
TSE:9432
12.5T JPY 3.9 11.7
SG
Singapore Telecommunications Ltd
SGX:Z74
75.8B SGD 114.9 12.2
FR
Orange SA
PAR:ORA
47.2B EUR 9 87.8
SA
Saudi Telecom Company SJSC
SAU:7010
189.1B SAR 39.2 12.8
CH
Swisscom AG
SIX:SCMN
34.3B CHF 264.9 27.2
AU
Telstra Corporation Ltd
ASX:TLS
60.4B AUD 13.5 26.7

Market Distribution

In line with most companies in Taiwan
Percentile
61th
Based on 598 companies
61th percentile
26.4
Low
1.5 — 12.4
Typical Range
12.4 — 33.6
High
33.6 —
Distribution Statistics
Taiwan
Min 1.5
30th Percentile 12.4
Median 19.4
70th Percentile 33.6
Max 9 890.8

Chunghwa Telecom Co Ltd
Glance View

Market Cap
1.1T TWD
Industry
Telecommunication

Chunghwa Telecom Co Ltd, Taiwan's premier telecommunications provider, has woven itself into the fabric of modern connectivity, playing a pivotal role in the digital lives of millions. Established in 1996, the company emerged from the governmental framework as a state-run monopoly to become a highly competitive and innovative enterprise. It is headquartered in Taipei, where the pulse of Taiwan's digital transformation resonates through its corporate corridors. The narrative of Chunghwa Telecom is one of evolution, marked by strategic pivots and technological advancements, ensuring its dominance in the region's telecom landscape. The company provides an extensive array of services, ranging from mobile and broadband to fixed-line and data communication, making it a cornerstone in the nation's communication infrastructure. Its operations are deeply integrated with Taiwan's economy, supporting both individual and corporate clientele. In its quest for innovation and growth, Chunghwa Telecom deftly combines technology with customer-centric strategies to generate revenue. The backbone of its financial success lies in its comprehensive telecommunications services, where it capitalizes on high-quality mobile offerings and cutting-edge fiber-optic broadband services. Chunghwa monetizes its widespread network by offering tiered pricing models that cater to different consumer needs, from basic connectivity to high-speed internet, ensuring high customer retention rates. Furthermore, its expanding ICT business and data solutions services cater to businesses grappling with digital transformation, providing additional streams of revenue. The company is not only enhancing traditional services but is also diving into areas like cloud computing and the Internet of Things (IoT), reflecting a forward-thinking approach that solidifies its market position while crafting the future of Taiwan's digital economy.

Intrinsic Value
126.32 TWD
Overvaluation 7%
Intrinsic Value
Price NT$136
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