Seek Returns

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.

Company profile comparison for Chunghwa Telecom (CHT) and Millicom International Cellular (TIGO)
Profile ItemCHTTIGO
NameChunghwa Telecom Co., Ltd. ADRMillicom International Cellular S.A.
Country/RegionTaiwanLuxembourg
GICS SectorCommunication ServicesCommunication Services
GICS Industry GroupTelecommunication ServicesTelecommunication Services
GICS IndustryDiversified Telecommunication ServicesWireless Telecommunication Services
GICS Sub-IndustryIntegrated Telecommunication ServicesWireless Telecommunication Services
Market Capitalization38.67 billion USD13.96 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateJuly 18, 2003January 9, 2019
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

CHT
TIGO
GSPC
Loading price history…
Chunghwa Telecom (CHT) vs. Millicom International Cellular (TIGO), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…
Trailing total returns for Chunghwa Telecom (CHT) and Millicom International Cellular (TIGO). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for Chunghwa Telecom (CHT) and Millicom International Cellular (TIGO). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Chunghwa Telecom (CHT) and Millicom International Cellular (TIGO)
MetricCHTTIGO
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

CHT
TIGO
GSPC
Loading price history…
Chunghwa Telecom (CHT) vs. Millicom International Cellular (TIGO), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…
Distribution of monthly total returns for Chunghwa Telecom (CHT) and Millicom International Cellular (TIGO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Chunghwa Telecom (CHT) and Millicom International Cellular (TIGO)
MetricCHTTIGO
Volatility (1Y, Annualized)13.20%41.65%
Beta (5Y)0.260.96
Max Drawdown (5Y)-23.70%-71.26%
Avg. Volume (3M)202.75K924.74K

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
CHT and TIGO are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Chunghwa Telecom (CHT) and Millicom International Cellular (TIGO)
MetricCHTTIGO
Sharpe Ratio (1Y)1.162.03
Sortino Ratio (1Y)1.803.02

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%
Loading chart…
Chunghwa Telecom (CHT) vs. Millicom International Cellular (TIGO): A comparison of their ROE against the Telecommunication Services industry group benchmark.

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%
Loading chart…
Chunghwa Telecom (CHT) vs. Millicom International Cellular (TIGO): A comparison of their net margin against the Telecommunication Services industry group benchmark.

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%
Loading chart…
Chunghwa Telecom (CHT) vs. Millicom International Cellular (TIGO): A comparison of their operating margin against the Telecommunication Services industry group benchmark.

Profitability Metrics

Profitability metrics for Chunghwa Telecom (CHT) and Millicom International Cellular (TIGO)
MetricCHTTIGO
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.

Loading chart…
Chunghwa Telecom (CHT) vs. Millicom International Cellular (TIGO): A comparison of their Revenue Growth across different time periods.

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.

Loading chart…
Chunghwa Telecom (CHT) vs. Millicom International Cellular (TIGO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Chunghwa Telecom (CHT) and Millicom International Cellular (TIGO)
MetricCHTTIGO
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
Loading chart…
Chunghwa Telecom (CHT) vs. Millicom International Cellular (TIGO): A comparison of their current ratio against the Telecommunication Services industry group benchmark.

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
Loading chart…
Chunghwa Telecom (CHT) vs. Millicom International Cellular (TIGO): A comparison of their debt-to-equity ratio against the Telecommunication Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Chunghwa Telecom (CHT) and Millicom International Cellular (TIGO)
MetricCHTTIGO
Current Ratio (MRQ)1.360.56
Debt / Equity (MRQ)0.075.29
Net Debt / EBITDA-0.053.15

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%
Loading chart…
Chunghwa Telecom (CHT) vs. Millicom International Cellular (TIGO): A comparison of their dividend yield against the Telecommunication Services industry group benchmark.

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%
Loading chart…
Chunghwa Telecom (CHT) vs. Millicom International Cellular (TIGO): A comparison of their payout ratio against the Telecommunication Services industry group benchmark.

Dividend Metrics

Dividend metrics for Chunghwa Telecom (CHT) and Millicom International Cellular (TIGO)
MetricCHTTIGO
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
Loading chart…
Chunghwa Telecom (CHT) vs. Millicom International Cellular (TIGO): A comparison of their P/E ratio against the Telecommunication Services industry group benchmark.

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
Loading chart…
Chunghwa Telecom (CHT) vs. Millicom International Cellular (TIGO): A comparison of their P/S ratio against the Telecommunication Services industry group benchmark.

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
Loading chart…
Chunghwa Telecom (CHT) vs. Millicom International Cellular (TIGO): A comparison of their P/B ratio against the Telecommunication Services industry group benchmark.

Valuation Metrics

Valuation metrics for Chunghwa Telecom (CHT) and Millicom International Cellular (TIGO)
MetricCHTTIGO
P/E Ratio (TTM)30.4024.70
P/S Ratio (TTM)0.151.72
P/B Ratio (MRQ)13.306.24
Free Cash Flow Yield (TTM)93.58%14.20%