CHT vs. TIGO: Chunghwa Telecom vs. Millicom International Cellular Stock Comparison
How do Chunghwa Telecom (CHT) and Millicom International Cellular (TIGO) 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 Millicom International Cellular (TIGO) both fall under the Telecommunication Services industry group, but CHT is classified in Diversified Telecommunication Services while TIGO is classified in Wireless Telecommunication Services.
Millicom International Cellular (TIGO) 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 | TIGO |
|---|---|---|
| Name | Chunghwa Telecom Co., Ltd. ADR | Millicom International Cellular S.A. |
| Country/Region | Taiwan | Luxembourg |
| GICS Sector | Communication Services | Communication Services |
| GICS Industry Group | Telecommunication Services | Telecommunication Services |
| GICS Industry | Diversified Telecommunication Services | Wireless Telecommunication Services |
| GICS Sub-Industry | Integrated Telecommunication Services | Wireless Telecommunication Services |
| Market Capitalization | 38.67 billion USD | 13.96 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | July 18, 2003 | January 9, 2019 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CHT | TIGO |
|---|---|---|
| Total Return (1Y) | 19.62% | 88.87% |
| Total Return (3Y, Annualized) | 14.66% | 85.47% |
| Total Return (5Y, Annualized) | 8.18% | 23.36% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CHT | TIGO |
|---|---|---|
| Volatility (1Y, Annualized) | 13.20% | 41.65% |
| Beta (5Y) | 0.26 | 0.96 |
| Max Drawdown (5Y) | -23.70% | -71.26% |
| Avg. Volume (3M) | 202.75K | 924.74K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CHT | TIGO |
|---|---|---|
| Sharpe Ratio (1Y) | 1.16 | 2.03 |
| Sortino Ratio (1Y) | 1.80 | 3.02 |
Profitability
ROE (TTM)
Millicom International Cellular (TIGO) at 19.54% sits in the top ROE quartile, while Chunghwa Telecom (CHT) at 11.37% is closer to the peer norm — stronger capital efficiency for TIGO.
CHT
Telecommunication Services industry group
11.37%
- Max
- 31.74%
- Q3
- 17.02%
- CHT
- 11.37%
- Median
- 7.32%
- Q1
- -5.16%
- Min
- -20.26%
TIGO
Telecommunication Services industry group
19.54%
- Max
- 31.74%
- TIGO
- 19.54%
- Q3
- 17.02%
- Median
- 7.32%
- Q1
- -5.16%
- Min
- -20.26%
Net Margin (TTM)
Chunghwa Telecom (CHT) at 16.61% retains a top-quartile share of revenue as profit, ahead of Millicom International Cellular (TIGO) at 7.01%, which keeps about the industry-typical share.
CHT
Telecommunication Services industry group
16.61%
- Max
- 30.45%
- CHT
- 16.61%
- Q3
- 11.78%
- Median
- 7.20%
- Q1
- -3.86%
- Min
- -18.49%
TIGO
Telecommunication Services industry group
7.01%
- Max
- 30.45%
- Q3
- 11.78%
- Median
- 7.20%
- TIGO
- 7.01%
- Q1
- -3.86%
- Min
- -18.49%
Operating Margin (TTM)
Millicom International Cellular (TIGO) at 26.63% operates in the top operating margin quartile, ahead of Chunghwa Telecom (CHT) at 22.75%, which runs around its industry’s norm.
CHT
Telecommunication Services industry group
22.75%
- Max
- 35.53%
- Q3
- 22.79%
- CHT
- 22.75%
- Median
- 12.87%
- Q1
- 0.82%
- Min
- -29.20%
TIGO
Telecommunication Services industry group
26.63%
- Max
- 35.53%
- TIGO
- 26.63%
- Q3
- 22.79%
- Median
- 12.87%
- Q1
- 0.82%
- Min
- -29.20%
Profitability Metrics
| Metric | CHT | TIGO |
|---|---|---|
| ROE (TTM) | 11.37% | 19.54% |
| ROA (TTM) | 6.40% | 6.70% |
| Net Margin (TTM) | 16.61% | 7.01% |
| Operating Margin (TTM) | 22.75% | 26.63% |
| Gross Margin (TTM) | 36.82% | 76.25% |
Growth
Revenue Growth
Chunghwa Telecom (CHT) at 2.70% is around its peer norm for revenue growth, while Millicom International Cellular (TIGO) at 0.26% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Millicom International Cellular (TIGO) at 438.36% clears its industry range for EPS growth, a much stronger earnings trajectory than Chunghwa Telecom (CHT) at 3.97%, which is closer to a typical peer reading.
Growth Metrics
| Metric | CHT | TIGO |
|---|---|---|
| Revenue Growth (YoY) | 2.70% | 0.26% |
| Revenue Growth (3Y CAGR) | 2.86% | 1.14% |
| EPS Growth (YoY) | 3.97% | 438.36% |
| EPS Growth (3Y CAGR) | 1.95% | 83.60% |
Financial Strength
Current Ratio (MRQ)
Chunghwa Telecom (CHT) at 1.36 keeps current ratio within its industry’s typical mid-range, while Millicom International Cellular (TIGO) at 0.56 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TIGO.
CHT
Telecommunication Services industry group
1.36
- Max
- 2.85
- Q3
- 1.64
- CHT
- 1.36
- Median
- 0.97
- Q1
- 0.78
- Min
- 0.26
TIGO
Telecommunication Services industry group
0.56
- Max
- 2.85
- Q3
- 1.64
- Median
- 0.97
- Q1
- 0.78
- TIGO
- 0.56
- Min
- 0.26
Debt / Equity (MRQ)
Chunghwa Telecom (CHT) at 0.07 keeps leverage in the lower quartile, while Millicom International Cellular (TIGO) at 5.29 is above its industry debt-to-equity ratio range.
CHT
Telecommunication Services industry group
0.07
- Max
- 3.94
- Q3
- 2.11
- Median
- 1.32
- Q1
- 0.65
- CHT
- 0.07
- Min
- 0.00
TIGO
Telecommunication Services industry group
5.29
- TIGO
- 5.29
- Max
- 3.94
- Q3
- 2.11
- Median
- 1.32
- Q1
- 0.65
- Min
- 0.00
Financial Strength Metrics
| Metric | CHT | TIGO |
|---|---|---|
| Current Ratio (MRQ) | 1.36 | 0.56 |
| Debt / Equity (MRQ) | 0.07 | 5.29 |
| Net Debt / EBITDA | -0.05 | 3.15 |
Dividends
Dividend Yield (TTM)
Chunghwa Telecom (CHT) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Millicom International Cellular (TIGO) reports a yield of 3.79%, ranking against industry peers normally.
CHT
Telecommunication Services industry group
0.00%
- Max
- 6.10%
- Q3
- 2.63%
- CHT
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
TIGO
Telecommunication Services industry group
3.79%
- Max
- 6.10%
- TIGO
- 3.79%
- Q3
- 2.63%
- 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 Millicom International Cellular (TIGO) reports a payout of 88.91%, ranking against industry peers normally.
CHT
Telecommunication Services industry group
0.00%
- Max
- 121.72%
- Q3
- 68.18%
- Median
- 4.06%
- CHT
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
TIGO
Telecommunication Services industry group
88.91%
- Max
- 121.72%
- TIGO
- 88.91%
- Q3
- 68.18%
- Median
- 4.06%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CHT | TIGO |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 3.79% |
| Dividend Payout Ratio (TTM) | 0.00% | 88.91% |
Valuation
P/E Ratio (TTM)
Both Chunghwa Telecom (CHT) at 30.40 and Millicom International Cellular (TIGO) at 24.70 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.
CHT
Telecommunication Services industry group
30.40
- CHT
- 30.40
- Max
- 30.40
- Q3
- 23.75
- Median
- 13.30
- Q1
- 8.65
- Min
- 2.50
TIGO
Telecommunication Services industry group
24.70
- Max
- 30.40
- TIGO
- 24.70
- Q3
- 23.75
- Median
- 13.30
- Q1
- 8.65
- Min
- 2.50
P/S Ratio (TTM)
Chunghwa Telecom (CHT) at 0.15 sits in the cheaper P/S ratio quartile while Millicom International Cellular (TIGO) at 1.72 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
0.15
- Max
- 3.01
- Q3
- 1.73
- Median
- 0.81
- Q1
- 0.36
- CHT
- 0.15
- Min
- 0.00
TIGO
Telecommunication Services industry group
1.72
- Max
- 3.01
- Q3
- 1.73
- TIGO
- 1.72
- Median
- 0.81
- Q1
- 0.36
- Min
- 0.00
P/B Ratio (MRQ)
Both look rich against book: Millicom International Cellular (TIGO) at 6.24 sits in the upper P/B ratio quartile, and Chunghwa Telecom (CHT) at 13.30 prices even higher, above its industry range.
CHT
Telecommunication Services industry group
13.30
- CHT
- 13.30
- Max
- 8.10
- Q3
- 3.98
- Median
- 1.53
- Q1
- 0.65
- Min
- -2.39
TIGO
Telecommunication Services industry group
6.24
- Max
- 8.10
- TIGO
- 6.24
- Q3
- 3.98
- Median
- 1.53
- Q1
- 0.65
- Min
- -2.39
Valuation Metrics
| Metric | CHT | TIGO |
|---|---|---|
| P/E Ratio (TTM) | 30.40 | 24.70 |
| P/S Ratio (TTM) | 0.15 | 1.72 |
| P/B Ratio (MRQ) | 13.30 | 6.24 |
| Free Cash Flow Yield (TTM) | 93.58% | 14.20% |