CHUNGHWA TELECOM Reports 4Q FY2022 Revenue of TWD 8.4 Billion and Net Income of TWD 59.5 Billion, Up 1.1% Year-over-Year.
February 28, 2023
Earnings report
On February 2, 2023, CHUNGHWA TELECOM ($TWSE:2412) released financial results for the fourth quarter of FY2022, which ended on December 31, 2022. The company reported total revenue of TWD 8.4 billion, representing a decrease of 0.6% year-over-year. Despite the decrease in revenue, CHUNGHWA TELECOM reported net income of TWD 59.5 billion, up 1.1% year-over-year. CHUNGHWA TELECOM attributed its increased net income to cost cutting initiatives implemented in response to the challenging market conditions brought on by the global pandemic.
Additionally, the company saw growth in its mobile services and broadband services, which helped to offset the decline in revenue from other business units. Despite the challenging market conditions, CHUNGHWA TELECOM has managed to remain profitable, and its adjusted operating margin remains among the highest in the industry. The company’s strong financial results for the fourth quarter of FY2022 position it well for continued success in the year ahead.
Stock Price
In addition, CHUNGHWA reported a 0.4% drop in its closing price from the last trading day of 112.5, as the stock opened at NT$112.0 and closed at NT$112.0. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Chunghwa Telecom. More…
| Total Revenues | Net Income | Net Margin |
| 216.74k | 36.52k | 16.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Chunghwa Telecom. More…
| Operations | Investing | Financing |
| 74.08k | -31.17k | -34.31k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Chunghwa Telecom. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 503.59k | 119.52k | 47.94 |
Key Ratios Snapshot
Some of the financial key ratios for Chunghwa Telecom are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.5% | 4.7% | 21.6% |
| FCF Margin | ROE | ROA |
| 18.3% | 7.9% | 5.8% |
Analysis
At GoodWhale, we have conducted an analysis of CHUNGHWA TELECOM‘s financials. From our analysis, we have concluded that CHUNGHWA TELECOM is a low risk investment in terms of financial and business aspects. Although CHUNGHWA TELECOM is a low risk investment, we have detected one risk warning in their income sheet that requires further investigation. If you would like to learn more about this risk warning, please register with us and we’ll be happy to provide you with the necessary information. More…
Peers
The company operates in a highly competitive industry, competing with other major telecom companies such as PT Indosat Tbk, Telenor ASA, and America Movil SAB de CV. Despite the fierce competition, Chunghwa Telecom has managed to remain a dominant player in the market through its innovative products and services.
– PT Indosat Tbk ($IDX:ISAT)
PT Indosat Tbk is a leading telecommunications provider in Indonesia. The company provides mobile and fixed line services as well as internet access services for consumers and organizations. As of 2023, the company has a market cap of 47.77T, making it one of the largest companies in the country. Additionally, its Return on Equity (ROE) stands at 23.05%. This indicates that the company is able to generate significant returns from its equity investments and is able to deliver consistent returns to its shareholders. This makes Indosat an attractive investment option for investors looking for long-term growth potential.
– Telenor ASA ($BER:TEQ)
Telenor ASA is a Norwegian telecommunications company that provides mobile and fixed network services, broadband, TV, and content services. As of 2023, it has a market cap of 14.89B and a Return on Equity of 42.79%. This high market cap and ROE indicate that the company is doing well and is a strong contender in the telecommunications industry. The strong ROE shows that the company is making good use of its resources and is achieving good returns from its investments. Telenor ASA is well-positioned to continue its success in the years to come.
– America Movil SAB de CV ($OTCPK:AMXVF)
Mexico-based America Movil SAB de CV is one of the world’s largest telecommunications companies. It offers wireless and broadband services in Latin America, the Caribbean, and the United States. As of 2023, the company has a market capitalization of 62.3 billion dollars, making it one of the largest companies in the world. Additionally, the company has a return on equity (ROE) of 31.95%, which is far above the industry average. This indicates that America Movil has been successful in utilizing its shareholders’ money to generate profitable returns.
Summary
Total revenue was recorded at TWD 8.4 billion, a decrease of 0.6% from the same period of the prior year. Net income for the period was TWD 59.5 billion, representing an increase of 1.1% year over year. However, a focus on cost containment, as well as increasing demand for digital services, enabled the company to record positive growth in net income. Investors may be encouraged to note the company’s resilience and ability to maintain performance in difficult market conditions.
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