Stock fact sheet · data as of
Chunghwa Telecom Co., Ltd. (CHT): fair value, margin of safety and Wheel Score
Communication Services · Telecommunications Services · Taiwan · ADR · Defensive
Is CHT undervalued?
At 47.66 (close of 16 Oct 2026), CHT trades 84% below the GLS average fair value of 290.17. That average comes from 9 models run on the latest filings, and 5 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Chunghwa Telecom Co., Ltd. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between GLS Growth (2.27) and 10 Cap (1,625.38). 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.
The nightly engine files CHT under Defensive: a low beta, a dividend and positive earnings.
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 | 49.07 | +3% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 67.97 | +43% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 20.64 | -57% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 4.78 | -90% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 2.27 | -95% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 1,625.38 | +3310% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 61.16 | +28% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 765.14 | +1505% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 15.10 | -68% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -25.57 | -154% | 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 Sunday Scan's "6 or more" rule. 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. A GLS Moat score of 3.6/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
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 4.7%.
The dividend yield is 3.40% 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 | 3.6 / 10 | ROE | 10.1% |
| Debt / equity | 0.10 | ROA | 7.2% |
| Free-cash-flow yield | 4.7% | Payout ratio | 114% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 62: Fair
A Wheel Score of 62 puts Chunghwa Telecom Co., Ltd. in the Fair band - below the 70 the Sunday Scan requires. Value 25/25, Health 9/20, Moat 5/15, Premium 9/20 and Stability 14/20; the weakest part is Moat (5/15).
Implied volatility is 24% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (9 of 20 points). Chain open interest is thin - 83 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 190k shares a day on a market cap of $37.0B, 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 gives that 14 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 84% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 5 / 15 | moat 3.6/10 | |
| Premium | 9 / 20 | implied volatility 24% | |
| Stability | 14 / 20 | 190k shares/day, $37.0B cap, beta 0.12 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 4 Nov 2026 (before the open), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
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 | 15.51 | 92.62 | +83% | 45Weak | $36.0B |
| AMX América Móvil, S.A.B. de C.V. | 22.43 | 177.60 | +87% | 90Prime | $67.0B |
| VIV Telefônica Brasil S.A. | 12.32 | 38.52 | +68% | 89Prime | $19.7B |
| TMUSI T-Mobile USA Inc 5.5 % Notes 2025-01.06.70 | 17.92 | 79.16 | +77% | 37No options | $19.2B |
| BCE BCE Inc. | 20.18 | 72.34 | +72% | 81Prime | $18.8B |
| ASTS AST SpaceMobile, Inc. | 44.46 | - | - | 45Weak | $18.2B |
| CMCSA Comcast Corporation | 21.77 | 118.40 | +82% | 92Prime | $77.0B |
| RCI Rogers Communications Inc. | 31.05 | 185.42 | +83% | 82Prime | $16.8B |
| CCZ Comcast Holdings Corp. | 65.70 | 248.46 | +74% | 39No options | $16.3B |
| CHTR Charter Communications, Inc. | 109.99 | 735.49 | +85% | 82Prime | $14.8B |
| ECHO EchoStar Corporation | 86.85 | - | - | 45Weak | $13.8B |
| TIGO Millicom International Cellular S.A. | 80.34 | 162.47 | +51% | 84Prime | $13.5B |
⚖ 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?
By the GLS models, yes: at 47.66 the stock is 84% below the average fair value of 290.17 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CHT and what does it mean?
CHT scores 62 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for CHT?
290.17 per share as of 16 Oct 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 4 Nov 2026 (before the open), 19 days from the data date of 16 Oct 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 90 listed contracts with 83 open interest across all expiries and implied volatility of 24% 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.