CHT vs. VIV: Chunghwa Telecom vs. Telefônica Brasil Stock Comparison
How do Chunghwa Telecom (CHT) and Telefônica Brasil (VIV) 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 Telefônica Brasil (VIV) 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.
Both Chunghwa Telecom (CHT) and Telefônica Brasil (VIV) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.
| Profile Item | CHT | VIV |
|---|---|---|
| Name | Chunghwa Telecom Co., Ltd. ADR | Telefônica Brasil S.A. ADR |
| Country/Region | Taiwan | Brazil |
| 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 | 38.67 billion USD | 18.26 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 18, 2003 | November 16, 1998 |
| Security Type | ADR | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CHT | VIV |
|---|---|---|
| Total Return (1Y) | 19.62% | -1.63% |
| Total Return (3Y, Annualized) | 14.66% | 11.15% |
| Total Return (5Y, Annualized) | 8.18% | 12.02% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CHT | VIV |
|---|---|---|
| Volatility (1Y, Annualized) | 13.20% | 33.69% |
| Beta (5Y) | 0.26 | 0.53 |
| Max Drawdown (5Y) | -23.70% | -40.80% |
| Avg. Volume (3M) | 202.75K | 1.60M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CHT | VIV |
|---|---|---|
| Sharpe Ratio (1Y) | 1.16 | -0.18 |
| Sortino Ratio (1Y) | 1.80 | -0.24 |
Profitability
ROE (TTM)
Both Chunghwa Telecom (CHT) at 11.37% and Telefônica Brasil (VIV) at 9.87% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
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%
VIV
Telecommunication Services industry group
9.87%
- Max
- 31.74%
- Q3
- 17.02%
- VIV
- 9.87%
- 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 Telefônica Brasil (VIV) at 10.68%, 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%
VIV
Telecommunication Services industry group
10.68%
- Max
- 30.45%
- Q3
- 11.78%
- VIV
- 10.68%
- Median
- 7.20%
- Q1
- -3.86%
- Min
- -18.49%
Operating Margin (TTM)
Both Chunghwa Telecom (CHT) at 22.75% and Telefônica Brasil (VIV) at 17.64% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
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%
VIV
Telecommunication Services industry group
17.64%
- Max
- 35.53%
- Q3
- 22.79%
- VIV
- 17.64%
- Median
- 12.87%
- Q1
- 0.82%
- Min
- -29.20%
Profitability Metrics
| Metric | CHT | VIV |
|---|---|---|
| ROE (TTM) | 11.37% | 9.87% |
| ROA (TTM) | 6.40% | 5.51% |
| Net Margin (TTM) | 16.61% | 10.68% |
| Operating Margin (TTM) | 22.75% | 17.64% |
| Gross Margin (TTM) | 36.82% | 48.26% |
Growth
Revenue Growth
Both Chunghwa Telecom (CHT) at 2.70% and Telefônica Brasil (VIV) at 6.71% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Both Chunghwa Telecom (CHT) at 3.97% and Telefônica Brasil (VIV) at 13.02% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | CHT | VIV |
|---|---|---|
| Revenue Growth (YoY) | 2.70% | 6.71% |
| Revenue Growth (3Y CAGR) | 2.86% | 7.45% |
| EPS Growth (YoY) | 3.97% | 13.02% |
| EPS Growth (3Y CAGR) | 1.95% | 16.12% |
Financial Strength
Current Ratio (MRQ)
Both Chunghwa Telecom (CHT) at 1.36 and Telefônica Brasil (VIV) at 0.95 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
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
VIV
Telecommunication Services industry group
0.95
- Max
- 2.85
- Q3
- 1.64
- Median
- 0.97
- VIV
- 0.95
- Q1
- 0.78
- Min
- 0.26
Debt / Equity (MRQ)
Both Chunghwa Telecom (CHT) at 0.07 and Telefônica Brasil (VIV) at 0.30 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.
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
VIV
Telecommunication Services industry group
0.30
- Max
- 3.94
- Q3
- 2.11
- Median
- 1.32
- Q1
- 0.65
- VIV
- 0.30
- Min
- 0.00
Financial Strength Metrics
| Metric | CHT | VIV |
|---|---|---|
| Current Ratio (MRQ) | 1.36 | 0.95 |
| Debt / Equity (MRQ) | 0.07 | 0.30 |
| Net Debt / EBITDA | -0.05 | 0.56 |
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 Telefônica Brasil (VIV) reports a yield of 4.81%, 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%
VIV
Telecommunication Services industry group
4.81%
- Max
- 6.10%
- VIV
- 4.81%
- Q3
- 2.63%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Telefônica Brasil (VIV) reports payout ratio above 100% at 120.03%, meaning dividends exceeded current-period earnings; Chunghwa Telecom (CHT) pays no dividend (payout 0.00%).
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%
VIV
Telecommunication Services industry group
120.03%
- Max
- 121.72%
- VIV
- 120.03%
- Q3
- 68.18%
- Median
- 4.06%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CHT | VIV |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 4.81% |
| Dividend Payout Ratio (TTM) | 0.00% | 120.03% |
Valuation
P/E Ratio (TTM)
Telefônica Brasil (VIV) at 14.65 is near its industry’s usual P/E ratio, while Chunghwa Telecom (CHT) at 30.40 sits in the richer quartile — CHT needs stronger growth or earnings quality to justify the premium.
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
VIV
Telecommunication Services industry group
14.65
- Max
- 30.40
- Q3
- 23.75
- VIV
- 14.65
- Median
- 13.30
- Q1
- 8.65
- Min
- 2.50
P/S Ratio (TTM)
Both Chunghwa Telecom (CHT) at 0.15 and Telefônica Brasil (VIV) at 0.30 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.
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
VIV
Telecommunication Services industry group
0.30
- Max
- 3.01
- Q3
- 1.73
- Median
- 0.81
- Q1
- 0.36
- VIV
- 0.30
- Min
- 0.00
P/B Ratio (MRQ)
Telefônica Brasil (VIV) at 1.40 sits near its industry’s typical P/B ratio, while Chunghwa Telecom (CHT) at 13.30 prices above its benchmark range — CHT looks rich relative to book.
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
VIV
Telecommunication Services industry group
1.40
- Max
- 8.10
- Q3
- 3.98
- Median
- 1.53
- VIV
- 1.40
- Q1
- 0.65
- Min
- -2.39
Valuation Metrics
| Metric | CHT | VIV |
|---|---|---|
| P/E Ratio (TTM) | 30.40 | 14.65 |
| P/S Ratio (TTM) | 0.15 | 0.30 |
| P/B Ratio (MRQ) | 13.30 | 1.40 |
| Free Cash Flow Yield (TTM) | 93.58% | 68.91% |