Stock fact sheet · data as of
Chunghwa Telecom Co., Ltd. (CHT): fair value, margin of safety and Wheel Score
Ticker symbol CHT · Communication Services · Telecommunications Services · Taiwan · ADR · Blend
CHT is an American depositary share (ADR): the US listing of Chunghwa Telecom Co., Ltd., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.
Is CHT undervalued?
At 48.98 (close of 5 Nov 2026), CHT trades 92% over the GLS average fair value of 25.50, with 2 of 9 models above the price. The stock earns none of the Wheel Score's Value points at this price. That is a statement about price against trailing fundamentals, not about the company's prospects - the Wall Street View and the Growth tab on the Quote page carry the forward numbers.
There is a wide gap between GLS Growth (2.05) and 10 Cap (55.48). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for CHT, so the nightly engine files it under Blend (value score 16, growth score 18, out of 100).
Nine valuation models for CHT
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 51.92 | +6% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 21.16 | -57% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 18.61 | -62% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 3.89 | -92% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 2.05 | -96% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 55.48 | +13% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 38.45 | -22% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 23.22 | -53% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 14.70 | -70% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.7765 | -102% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Chunghwa Telecom Co., Ltd. scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. On durability CHT scores 6.4/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are moderate - ROIC 9.2%, ROE 10.1%, ROA 7.2% - with debt at 0.10 times equity and a free-cash-flow yield of 4.4%.
The dividend yield is 3.22% at a payout ratio of 114%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Mobile Services 34%, Sales Of Product 25%, Local Telephone And Domestic Long Dista… 15% (fiscal year FY2021).
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 9.2% |
|---|---|---|---|
| GLS Moat | 6.4 / 10 | ROE | 10.1% |
| Debt / equity | 0.10 | ROA | 7.2% |
| Free-cash-flow yield | 4.4% | Payout ratio | 114% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 34: Weak
With a Wheel Score of 34 Chunghwa Telecom Co., Ltd. sits in the Weak band. It fails filter 3, below fair value - trades 92% above our fair value; and filter 4, financially healthy - Piotroski 4/9 (under 6); Value (weak) is its weakest part.
Implied volatility is 34% on the near-the-money contracts 20-60 days out: enough to pass the 25-80% Wheel Trade Filter, but under the 35-60% sweet spot the score rewards most. Chain open interest is thin - 1,135 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 171k shares a day on a market cap of $38.0B, with a beta of 0.12 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that strong.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 92% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 4/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 92% above fair value | |
| Premium | Strong | implied volatility 34% | |
| Moat | Good | moat 6.4/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Good | Red Flags score 82/100 | |
| Option trading | Weak | 156 contracts a day, 1,135 open interest | |
| Stability | Strong | beta 0.12, $38.0B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 2 Feb 2027, 89 days away - outside the window of a 30-45-day put sold today.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Telecommunications Services
The 12 companies below are the closest to Chunghwa Telecom Co., Ltd. by market cap within the Telecommunications Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| VOD Vodafone Group Public Limited Company | 16.28 | 103.25 | +84% | 52Fair | $37.8B |
| TMUSI T-Mobile USA Inc 5.5 % Notes 2025-01.06.70 | 18.40 | 127.30 | +86% | 28No options | $19.7B |
| BCE BCE Inc. | 21.11 | 66.44 | +68% | 52Fair | $19.7B |
| AMX América Móvil, S.A.B. de C.V. | 25.03 | 29.63 | +16% | 76Good | $74.7B |
| RCI Rogers Communications Inc. | 34.61 | 93.84 | +63% | 46Weak | $18.7B |
| VIV Telefônica Brasil S.A. | 11.31 | 19.62 | +42% | 40Weak | $18.1B |
| CMCSA Comcast Corporation | 24.85 | 110.49 | +78% | 90Prime | $88.0B |
| CHTR Charter Communications, Inc. | 120.25 | 1,121.42 | +89% | 47Weak | $16.2B |
| CCZ Comcast Holdings Corp. | 63.41 | 217.35 | +71% | 38No options | $15.8B |
| ECHO EchoStar Corporation | 98.62 | 274.75 | +64% | 50Fair | $15.6B |
| ASTS AST SpaceMobile, Inc. | 35.62 | - | - | 16Weak | $14.5B |
| TU TELUS Corporation | 9.22 | 21.87 | +58% | 43Weak | $14.5B |
⚖ Compare CHT with 7 of them All Communication Services stocks →
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Start free See the Sunday ScanQuestions about CHT
Is CHT undervalued right now?
No: at 48.98 the stock trades 92% above the GLS average fair value of 25.50 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of CHT and what does it mean?
CHT scores 34 out of 100 (Weak) - it fails Wheel Trade Filters 3, 4. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for CHT?
25.50 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Chunghwa Telecom Co., Ltd. report earnings next?
The next earnings report is due on 2 Feb 2027, 89 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does CHT have listed options, and how liquid are they?
Yes. The nightly snapshot found 30 listed contracts with 1,135 open interest across all expiries and implied volatility of 34% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.
Is CHT an ADR?
Yes. CHT is an American depositary share (ADR): the US listing of Chunghwa Telecom Co., Ltd., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.