WallStSmart

Chunghwa Telecom Co Ltd (CHT)vsAT&T Inc. (T)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Chunghwa Telecom Co Ltd generates 92% more annual revenue ($244.93B vs $127.24B). T leads profitability with a 16.9% profit margin vs 16.1%. T appears more attractively valued with a PEG of 1.55. T earns a higher WallStSmart Score of 68/100 (B-).

CHT

Buy

61

out of 100

Grade: C+

Growth: 4.7Profit: 7.0Value: 6.7Quality: 7.5
Piotroski: 6/9Altman Z: 2.98

T

Strong Buy

68

out of 100

Grade: B-

Growth: 4.7Profit: 7.5Value: 6.7Quality: 3.5
Piotroski: 5/9Altman Z: 0.87
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CHTUndervalued (+65.6%)

Margin of Safety

+65.6%

Fair Value

$123.41

Current Price

$45.90

$77.51 discount

UndervaluedFair: $123.41Overvalued
TUndervalued (+6.1%)

Margin of Safety

+6.1%

Fair Value

$27.74

Current Price

$25.41

$2.32 discount

UndervaluedFair: $27.74Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CHT3 strengths · Avg: 9.0/10
Free Cash FlowQuality
$15.21B10/10

Generating 15.2B in free cash flow

Debt/EquityHealth
0.109/10

Conservative balance sheet, low leverage

Operating MarginProfitability
21.6%8/10

Strong operational efficiency at 21.6%

T5 strengths · Avg: 8.6/10
P/E RatioValuation
8.6x10/10

Attractively priced relative to earnings

Market CapQuality
$178.57B9/10

Large-cap with strong market position

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

Operating MarginProfitability
24.8%8/10

Strong operational efficiency at 24.8%

Free Cash FlowQuality
$5.17B8/10

Generating 5.2B in free cash flow

Areas to Watch

CHT4 concerns · Avg: 4.0/10
PEG RatioValuation
1.694/10

Expensive relative to growth rate

P/E RatioValuation
27.4x4/10

Moderate valuation

Price/BookValuation
12.3x4/10

Trading at 12.3x book value

EPS GrowthGrowth
4.6%4/10

4.6% earnings growth

T4 concerns · Avg: 3.3/10
PEG RatioValuation
1.554/10

Expensive relative to growth rate

Revenue GrowthGrowth
2.3%4/10

2.3% revenue growth

Debt/EquityHealth
1.473/10

Elevated debt levels

Altman Z-ScoreHealth
0.872/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : CHT

The strongest argument for CHT centers on Free Cash Flow, Debt/Equity, Operating Margin. Profitability is solid with margins at 16.1% and operating margin at 21.6%.

Bull Case : T

The strongest argument for T centers on P/E Ratio, Market Cap, Price/Book. Profitability is solid with margins at 16.9% and operating margin at 24.8%.

Bear Case : CHT

The primary concerns for CHT are PEG Ratio, P/E Ratio, Price/Book.

Bear Case : T

The primary concerns for T are PEG Ratio, Revenue Growth, Debt/Equity.

Key Dynamics to Monitor

CHT profiles as a mature stock while T is a value play — different risk/reward profiles.

T carries more volatility with a beta of 0.43 — expect wider price swings.

CHT is growing revenue faster at 8.2% — sustainability is the question.

CHT generates stronger free cash flow (15.2B), providing more financial flexibility.

Bottom Line

T scores higher overall (68/100 vs 61/100), backed by strong 16.9% margins. CHT offers better value entry with a 65.6% margin of safety. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Chunghwa Telecom Co Ltd

COMMUNICATION SERVICES · TELECOM SERVICES · USA

Chunghwa Telecom Co., Ltd. provides telecommunications services in Taiwan. The company is headquartered in Taipei City, Taiwan.

AT&T Inc.

COMMUNICATION SERVICES · TELECOM SERVICES · USA

AT&T Inc. is an American multinational conglomerate holding company, Delaware-registered but headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world largest telecommunications company, and the second largest provider of mobile telephone services.

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