CHT vs TIGO Stock Comparison

Chunghwa Telecom and Millicom International Cellular Prices as of Oct 26, 2026 Peers: Industry group
CHT Chunghwa Telecom Co Ltd
$48.19 +4.5% 1M +11.2% 1Y
Market cap
$37.38B
P/E
27.9x
Revenue (TTM)
$7.90B
Div. yield
3.34%
Wireless Carriers Communication Services
4 wins

Head to Head

11 decided of 12

Millicom International Cellular leads on 7 of the 12 questions below (Millicom International Cellular 7, Chunghwa Telecom 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCHTTIGOLeader
Larger companyMarket capitalisation $37.38B $13.24B CHT
Cheaper on earningsLower P/E, profitable companies only 27.9x 19.7x TIGO
Cheaper on forward earningsLower price / next fiscal year consensus EPS 28.0x 20.6x TIGO
Faster revenue growthRevenue growth, trailing twelve months +8.3% +29.4% TIGO
More profitableNet margin, trailing twelve months 17.0% 9.2% CHT
Better return on capitalReturn on invested capital 10.7% 16.8% TIGO
Less leveragedLower net debt / EBITDA — 2.0x –
Higher dividend yieldTrailing dividend yield 3.34% 4.47% TIGO
Better 1-year returnPrice return, last 12 months +11.2% +65.3% TIGO
Better 5-year returnAnnualised price return, 5 years +4.0%/yr +16.7%/yr TIGO
Less volatileAnnualised volatility, 1 year 13.9% 42.0% CHT
Higher overall scoreMean of the five percentile scores vs peers 50/100 48/100 CHT

Percentile Scorecard

CHTTIGO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCHTTIGO
Valuation 25 #19 of 25 33 #17 of 25
Growth 48 #12 of 22 71 #7 of 22
Profitability 52 #11 of 22 71 #7 of 22
Financial Health 96 #2 of 26 20 #21 of 26
Shareholder Returns 30 #15 of 21 45 #12 of 21
Overall 50 48
  • CHT ranked among 27 companies in Telecommunications
  • TIGO ranked among 27 companies in Telecommunications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCHTTIGOSPY
1 month +4.5%-15.4% -0.8%
3 months +11.8%-17.9% +3.5%
6 months +10.5%-5.4% +7.0%
Year to date +15.5%+41.3% +12.2%
1 year +11.2%+65.3% +13.0%
3 years +35.7%+411.0% +86.3%
3 years, per year +10.7%+72.3% +23.1%
5 years +21.7%+116.1% +68.6%
5 years, per year +4.0%+16.7% +11.0%
10 years +38.1%— +258.0%
10 years, per year +3.3%— +13.6%

Risk

MeasureCHTTIGOSPY
Volatility, 1Y 13.9%42.0% 12.7%
Downside volatility, 1Y 14.8%44.5% 12.7%
Beta vs S&P 500, 1Y 0.100.30 1.00
Return / volatility, 1Y 0.811.56 1.02
Max drawdown, 5Y -26.5%-71.3% -25.4%
From 52-week high -1.1%-24.9% -1.8%
52-week high $48.73$104.31 $779.14
52-week low $40.74$45.81 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCHTTIGO
P/E now vs peer median 27.9xmedian 12.3x 19.7xmedian 12.3x
P/S now vs peer median 4.7xmedian 1.1x 1.8xmedian 1.1x
EV/EBITDA now vs peer median —median 5.9x 5.9xmedian 5.9x
P/FCF now vs peer median 59.8xmedian 3.9x 22.4xmedian 3.9x
P/B now vs peer median 3.3xmedian 1.1x 5.3xmedian 1.1x
PEG now vs peer median 2.08median 0.25 0.06median 0.25

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCHTTIGO
Revenue $7.90B $7.24B
Gross profit $2.88B –
Operating income $1.61B $1.74B
Net income $1.34B $646.00M
Free cash flow $625.04M $590.00M
R&D $144.76M –
EPS (diluted) $1.72 $3.96
Cash & equivalents $1.32B $861.00M
Total debt $620.49M $26.42B
Shares (diluted) 777.60M 168.00M
Enterprise value $29.88B $8.02B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCHTTIGO
P/E 27.9x 19.7x
P/FCF 59.8x 22.4x
P/Operating cash flow – 22.4x
P/S 4.7x 1.8x
P/B 3.3x 5.3x
P/Tangible book 3.3x -2.1x
EV/EBITDA – 5.9x
EV/EBIT 21.8x 11.5x
EV/Revenue 4.4x 2.8x
EV/FCF 56.0x 33.9x
EV/Operating cash flow – 33.9x
PEG (3Y EPS CAGR) 2.08 0.06

Growth

14 metrics
MetricCHTTIGO
Revenue growth (1Y) 8.3% 29.4%
Revenue CAGR (3Y) 3.2% 9.4%
Gross profit growth (1Y) 7.9% –
Gross profit CAGR (3Y) 2.8% –
Operating income growth (1Y) 6.9% 20.0%
Operating income CAGR (3Y) 1.1% 28.3%
Net income growth (1Y) 8.2% -35.3%
Net income CAGR (3Y) -0.8% 121.4%
EPS growth (1Y) 52.6% -28.2%
EPS CAGR (3Y) 13.5% 351.7%
Operating cash flow growth (1Y) – -52.2%
Operating cash flow CAGR (3Y) – -1.5%
Free cash flow growth (1Y) -11.2% -52.2%
Free cash flow CAGR (3Y) 2.4% -1.5%

Profitability

14 metrics
MetricCHTTIGO
Gross margin 36.5% –
EBITDA margin – 47.1%
Operating margin 20.3% 24.0%
Pretax margin 21.0% 13.3%
Net margin 17.0% 9.2%
FCF margin 7.9% 8.2%
Operating cash flow margin – 8.2%
Return on equity 11.3% 22.8%
Return on assets 1.9% 3.1%
Return on invested capital 10.7% 16.8%
Return on capital employed 2.4% 11.2%
Asset turnover 0.1x 0.3x
Cash conversion (OCF / net income) – 0.9x
Stock comp / revenue – 0.1%

Financial Health

11 metrics
MetricCHTTIGO
Debt / assets 1.1% 37.0%
Debt / equity 0.0x 3.1x
Net debt / EBITDA – 2.0x
Debt / FCF 0.3x 13.0x
Liabilities / assets 34.0% 87.9%
Equity / assets 66.0% 12.1%
Interest coverage 144.6x 1.9x
Current ratio 1.2x 0.5x
Quick ratio 1.0x 0.3x
Cash ratio 0.7x 0.2x
Altman Z-score 6.02 1.06

Shareholder Returns

7 metrics
MetricCHTTIGO
Dividend yield 3.3% 4.5%
Net buyback yield – –
Shareholder yield 3.3% 4.5%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCHTTIGO
Forward P/E 28.0xFY2026 20.6xFY2026
EPS, next fiscal year $1.72FY2026 $3.80FY2026
EPS growth, next FY +8.9%FY2026 -51.5%FY2026
EPS growth, the year after +3.5% +65.5%
Revenue, next fiscal year $7.64BFY2026 $9.17BFY2026
Revenue growth, next FY +2.2%FY2026 +57.6%FY2026
Revenue growth, the year after +12.1% -4.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCHTTIGO
Held by institutions 2.6% 46.2%
Institutions holding 218 437
Change in shares held, QoQ +1.3% +7.3%
Institutions buying 136 283
Institutions selling 47 127
Buyers to sellers 2.89 2.23

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CHTTIGO
CHT 1.00 0.12
TIGO 0.12 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, CHT and TIGO?

Chunghwa Telecom (CHT) is the largest by market capitalisation: Chunghwa Telecom (CHT) $37.38B, Millicom International Cellular (TIGO) $13.24B.

Which stock is cheaper, CHT and TIGO?

Millicom International Cellular (TIGO) trades on the lowest price-to-earnings ratio (Chunghwa Telecom (CHT) 27.9x, Millicom International Cellular (TIGO) 19.7x). On next year's consensus earnings, Millicom International Cellular (TIGO) is cheapest (Chunghwa Telecom (CHT) 28.0x, Millicom International Cellular (TIGO) 20.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Millicom International Cellular (TIGO) grew revenue fastest over the trailing twelve months: Chunghwa Telecom (CHT) +8.3%, Millicom International Cellular (TIGO) +29.4%.

Which company is more profitable?

Chunghwa Telecom (CHT) has the highest net margin (Chunghwa Telecom (CHT) 17.0%, Millicom International Cellular (TIGO) 9.2%). On return on invested capital, Millicom International Cellular (TIGO) leads (Chunghwa Telecom (CHT) 10.7%, Millicom International Cellular (TIGO) 16.8%).

Which stock has performed better?

Over the past year Millicom International Cellular (TIGO) returned the most: Chunghwa Telecom (CHT) +11.2%, Millicom International Cellular (TIGO) +65.3%. Over five years, Millicom International Cellular (TIGO) compounded fastest (Chunghwa Telecom (CHT) +4.0%/yr, Millicom International Cellular (TIGO) +16.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Millicom International Cellular (TIGO) has the highest dividend yield: Chunghwa Telecom (CHT) 3.34%, Millicom International Cellular (TIGO) 4.47%.

Which stock is riskier?

By one-year price volatility, Chunghwa Telecom (CHT) has been the steadiest (Chunghwa Telecom (CHT) 13.9%, Millicom International Cellular (TIGO) 42.0%). Volatility measures how widely the price swings, not the risk of the business.

Do CHT and TIGO move together?

Their daily returns over the past year have a correlation of 0.12, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, CHT and TIGO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Millicom International Cellular (TIGO) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.