CHT vs. T: Chunghwa Telecom vs. AT&T Stock Comparison
How do Chunghwa Telecom (CHT) and AT&T (T) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Chunghwa Telecom (CHT) and AT&T (T) are both classified in the Integrated Telecommunication Services sub-industry within the broader Diversified Telecommunication Services industry, placing them in the closest GICS peer bucket.
AT&T (T) trades as ordinary local shares, while Chunghwa Telecom (CHT) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | CHT | T |
|---|---|---|
| Name | Chunghwa Telecom Co., Ltd. Sponsored ADR | AT&T Inc. |
| Country/Region | Taiwan | United States |
| GICS Sector | Communication Services | Communication Services |
| GICS Industry Group | Telecommunication Services | Telecommunication Services |
| GICS Industry | Diversified Telecommunication Services | Diversified Telecommunication Services |
| GICS Sub-Industry | Integrated Telecommunication Services | Integrated Telecommunication Services |
| Market Capitalization | 33.03 billion USD | 170.56 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 18, 2003 | November 21, 1983 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CHT | T |
|---|---|---|
| Total Return (1Y) | -1.84% | -9.34% |
| Total Return (3Y, Annualized) | 9.09% | 26.92% |
| Total Return (5Y, Annualized) | 4.79% | 9.59% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
AT&T (T) is heavily traded at around 63.07M shares per day, whereas Chunghwa Telecom (CHT) sees a more moderate 159.64K — larger orders in the latter may require more patience and tighter control over order sizing.
| Metric | CHT | T |
|---|---|---|
| Volatility (1Y, Annualized) | 12.86% | 25.07% |
| Beta (5Y) | 0.28 | 0.24 |
| Max Drawdown (5Y) | -23.70% | -32.01% |
| Avg. Volume (3M) | 159.64K | 63.07M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CHT | T |
|---|---|---|
| Sharpe Ratio (1Y) | -0.45 | -0.53 |
| Sortino Ratio (1Y) | -0.64 | -0.74 |
Profitability
ROE (TTM)
Both Chunghwa Telecom (CHT) at 10.92% and AT&T (T) at 18.34% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
CHT
Telecommunication Services industry group
10.92%
- Max
- 30.92%
- Q3
- 18.68%
- CHT
- 10.92%
- Median
- 8.68%
- Q1
- -6.78%
- Min
- -26.46%
T
Telecommunication Services industry group
18.34%
- Max
- 30.92%
- Q3
- 18.68%
- T
- 18.34%
- Median
- 8.68%
- Q1
- -6.78%
- Min
- -26.46%
Net Margin (TTM)
For every dollar of sales, both Chunghwa Telecom (CHT) at 16.13% and AT&T (T) at 16.94% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
CHT
Telecommunication Services industry group
16.13%
- Max
- 33.20%
- CHT
- 16.13%
- Q3
- 12.38%
- Median
- 5.76%
- Q1
- -4.99%
- Min
- -18.49%
T
Telecommunication Services industry group
16.94%
- Max
- 33.20%
- T
- 16.94%
- Q3
- 12.38%
- Median
- 5.76%
- Q1
- -4.99%
- Min
- -18.49%
Operating Margin (TTM)
Both Chunghwa Telecom (CHT) at 21.61% and AT&T (T) at 24.79% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.
CHT
Telecommunication Services industry group
21.61%
- Max
- 36.58%
- CHT
- 21.61%
- Q3
- 20.38%
- Median
- 11.82%
- Q1
- 0.00%
- Min
- -16.02%
T
Telecommunication Services industry group
24.79%
- Max
- 36.58%
- T
- 24.79%
- Q3
- 20.38%
- Median
- 11.82%
- Q1
- 0.00%
- Min
- -16.02%
Profitability Metrics
| Metric | CHT | T |
|---|---|---|
| ROE (TTM) | 10.92% | 18.34% |
| ROA (TTM) | 5.69% | 4.16% |
| Net Margin (TTM) | 16.13% | 16.94% |
| Operating Margin (TTM) | 21.61% | 24.79% |
| Gross Margin (TTM) | 36.49% | 59.72% |
Growth
Revenue Growth
Both Chunghwa Telecom (CHT) at 2.70% and AT&T (T) at 2.71% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
AT&T (T) at 104.03% sits in the top EPS growth quartile, while Chunghwa Telecom (CHT) at 3.97% is closer to the peer norm — faster per-share earnings growth for T.
Growth Metrics
| Metric | CHT | T |
|---|---|---|
| Revenue Growth (YoY) | 2.70% | 2.71% |
| Revenue Growth (3Y CAGR) | 2.86% | 1.34% |
| EPS Growth (YoY) | 3.97% | 104.03% |
| EPS Growth (3Y CAGR) | 1.95% | -- |
Financial Strength
Current Ratio (MRQ)
Both Chunghwa Telecom (CHT) at 1.22 and AT&T (T) at 0.97 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
CHT
Telecommunication Services industry group
1.22
- Max
- 2.78
- Q3
- 1.78
- CHT
- 1.22
- Median
- 1.19
- Q1
- 0.83
- Min
- 0.17
T
Telecommunication Services industry group
0.97
- Max
- 2.78
- Q3
- 1.78
- Median
- 1.19
- T
- 0.97
- Q1
- 0.83
- Min
- 0.17
Debt / Equity (MRQ)
Chunghwa Telecom (CHT) at 0.10 keeps leverage in the lower industry quartile, while AT&T (T) at 1.29 runs a more typical debt-to-equity mix.
CHT
Telecommunication Services industry group
0.10
- Max
- 3.79
- Q3
- 2.21
- Median
- 0.99
- Q1
- 0.68
- CHT
- 0.10
- Min
- 0.00
T
Telecommunication Services industry group
1.29
- Max
- 3.79
- Q3
- 2.21
- T
- 1.29
- Median
- 0.99
- Q1
- 0.68
- Min
- 0.00
Financial Strength Metrics
| Metric | CHT | T |
|---|---|---|
| Current Ratio (MRQ) | 1.22 | 0.97 |
| Debt / Equity (MRQ) | 0.10 | 1.29 |
| Net Debt / EBITDA | -0.46 | 3.30 |
Dividends
Dividend Yield (TTM)
AT&T (T) at 4.52% pays an industry-typical yield; Chunghwa Telecom (CHT) at 12.30% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.
CHT
Telecommunication Services industry group
12.30%
- CHT
- 12.30%
- Max
- 10.39%
- Q3
- 4.73%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
T
Telecommunication Services industry group
4.52%
- Max
- 10.39%
- Q3
- 4.73%
- T
- 4.52%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Chunghwa Telecom (CHT) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile AT&T (T) reports a payout of 36.63%, ranking against industry peers normally.
CHT
Telecommunication Services industry group
0.00%
- Max
- 128.57%
- Q3
- 62.03%
- Median
- 1.70%
- CHT
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
T
Telecommunication Services industry group
36.63%
- Max
- 128.57%
- Q3
- 62.03%
- T
- 36.63%
- Median
- 1.70%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CHT | T |
|---|---|---|
| Dividend Yield (TTM) | 12.30% | 4.52% |
| Dividend Payout Ratio (TTM) | 0.00% | 36.63% |
Valuation
P/E Ratio (TTM)
AT&T (T) at 8.21 sits in the cheaper P/E ratio quartile, while Chunghwa Telecom (CHT) at 26.95 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.
CHT
Telecommunication Services industry group
26.95
- CHT
- 26.95
- Max
- 26.95
- Q3
- 20.11
- Median
- 12.63
- Q1
- 8.30
- Min
- 2.61
T
Telecommunication Services industry group
8.21
- Max
- 26.95
- Q3
- 20.11
- Median
- 12.63
- Q1
- 8.30
- T
- 8.21
- Min
- 2.61
P/S Ratio (TTM)
Chunghwa Telecom (CHT) at 0.13 sits in the cheaper P/S ratio quartile while AT&T (T) at 1.34 prices around its industry’s middle — CHT costs less per dollar of sales, though read it alongside growth and margins.
CHT
Telecommunication Services industry group
0.13
- Max
- 3.22
- Q3
- 2.10
- Median
- 0.85
- Q1
- 0.38
- CHT
- 0.13
- Min
- 0.00
T
Telecommunication Services industry group
1.34
- Max
- 3.22
- Q3
- 2.10
- T
- 1.34
- Median
- 0.85
- Q1
- 0.38
- Min
- 0.00
P/B Ratio (MRQ)
AT&T (T) at 1.55 sits near its industry’s typical P/B ratio, while Chunghwa Telecom (CHT) at 11.59 prices above its benchmark range — CHT looks rich relative to book.
CHT
Telecommunication Services industry group
11.59
- CHT
- 11.59
- Max
- 6.60
- Q3
- 3.43
- Median
- 1.83
- Q1
- 0.77
- Min
- 0.01
T
Telecommunication Services industry group
1.55
- Max
- 6.60
- Q3
- 3.43
- Median
- 1.83
- T
- 1.55
- Q1
- 0.77
- Min
- 0.01
Valuation Metrics
| Metric | CHT | T |
|---|---|---|
| P/E Ratio (TTM) | 26.95 | 8.21 |
| P/S Ratio (TTM) | 0.13 | 1.34 |
| P/B Ratio (MRQ) | 11.59 | 1.55 |
| Free Cash Flow Yield (TTM) | 149.70% | 5.95% |