Chunghwa Telecom Co Ltd

CHT

Equity

ISIN US17133Q5027 / Valor 12132835

New York Stock Exchange, Inc (2024-12-24)

USD 38.08+0.53%

Chunghwa Telecom Co Ltd
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About company

Chunghwa Telecom Co Ltd is the largest integrated telecommunication service provider in Taiwan, offering a wide range of services including domestic and international fixed communication, mobile communication, broadband, and internet services. In addition to these traditional services, the company also provides information and communication technology services to enterprise customers, such as big data, information security, cloud computing, and IDC capabilities. Chunghwa Telecom is expanding its business into innovative technology services like IoT and AI, aiming to create an optimal communication environment for customers and serve as a key partner for international telecommunication service providers. The company has recently completed a new organizational transformation in 2022, with three business groups and three technical groups working together to implement their business strategy focused on "Transformation x 5G x Sustainability" and provide digital transformation solutions for customers.

Summarized from source with an LLMView SourceSector: Telecommunications

Revenue Growth

Chunghwa Telecom Co., Ltd. reported a 3.6% increase in total revenue for the third quarter of 2024, reaching NT$ 55.61 billion. The Consumer Business Group saw a 2.1% rise in revenue to NT$ 34.43 billion, driven by 5G migration and increased postpaid subscribers. The Enterprise Business Group experienced a 5.9% revenue growth to NT$ 17.60 billion, largely due to a 22% increase in ICT business revenue.

Operating Income and Net Income

For the third quarter of 2024, Chunghwa Telecom's operating income decreased by 0.8% to NT$ 11.38 billion. The net income attributable to stockholders of the parent also saw a slight decline of 1% to NT$ 9.01 billion. Despite these decreases, the basic earnings per share (EPS) was NT$1.16, surpassing the company's proposed guidance.

EBITDA and Cash Flow

Chunghwa Telecom's EBITDA for the third quarter of 2024 was NT$ 21.26 billion, marking a 0.5% decrease from the previous year. The EBITDA margin stood at 38.23%. Cash flow from operating activities decreased by 0.3% year over year to NT$ 49.76 billion, primarily due to deferred tax payments from the previous year.

Mobile and Broadband Performance

As of September 30th, 2024, Chunghwa Telecom had 13.01 million mobile subscribers, a 0.6% increase from the previous year. Mobile service revenue rose by 2% to NT$ 16.75 billion. The number of broadband subscribers increased by 0.7% to 4.42 million, with fixed broadband revenue growing 3.4% year over year to NT$ 11.32 billion.

International Business and ESG Initiatives

The International Business Group's revenue for the third quarter of 2024 increased by 1.4% to NT$ 2.37 billion, with a notable 11% rise in income before tax. Chunghwa Telecom also made strides in ESG initiatives, receiving SBTi’s verification for its Net-Zero greenhouse gas emissions target, aiming to achieve Net-Zero by 2045.

Summarized from source with an LLMView Source

Key figures

0.47%1Y

-8.94%3Y

3.28%5Y

Performance

13.6%1Y

13.2%3Y

13.0%5Y

Volatility