Chunghwa Telecom Co Net Assets
Chunghwa Telecom Co net assets. Based on the latest financial reports, Chunghwa Telecom Co (2412) has net assets worth NT$400.79 Billion TWD (≈ $12.63 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$535.87 Billion ≈ $16.88 Billion USD) and total liabilities (NT$135.08 Billion ≈ $4.26 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Chunghwa Telecom Co equity growth rate to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$400.79 Billion |
| % of Total Assets | 74.79% |
| Annual Growth Rate | 0.09% |
| 5-Year Change | 2.44% |
| 10-Year Change | 7.97% |
| Growth Volatility | 5.44 |
Net Assets of Chunghwa Telecom Co (2000–2025)
Net assets of Chunghwa Telecom Co from 2000 to 2025. This chart illustrates how Chunghwa Telecom Co's net assets have evolved over time, based on quarterly financial data. See Chunghwa Telecom Co (2412) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Chunghwa Telecom Co (2000–2025)
The table below shows the annual net assets of Chunghwa Telecom Co from 2000 to 2025. For live market cap and overall valuation, see 2412 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$400.79 Billion ≈ $12.63 Billion |
+1.26% |
| 2024-12-31 | NT$395.81 Billion ≈ $12.47 Billion |
+0.79% |
| 2023-12-31 | NT$392.72 Billion ≈ $12.37 Billion |
+0.25% |
| 2022-12-31 | NT$391.74 Billion ≈ $12.34 Billion |
+0.12% |
| 2021-12-31 | NT$391.26 Billion ≈ $12.33 Billion |
+0.51% |
| 2020-12-31 | NT$389.26 Billion ≈ $12.26 Billion |
+3.50% |
| 2019-12-31 | NT$376.11 Billion ≈ $11.85 Billion |
-2.71% |
| 2018-12-31 | NT$386.57 Billion ≈ $12.18 Billion |
+3.48% |
| 2017-12-31 | NT$373.58 Billion ≈ $11.77 Billion |
+0.64% |
| 2016-12-31 | NT$371.20 Billion ≈ $11.69 Billion |
-0.75% |
| 2015-12-31 | NT$374.01 Billion ≈ $11.78 Billion |
+1.22% |
| 2014-12-31 | NT$369.51 Billion ≈ $11.64 Billion |
+1.14% |
| 2013-12-31 | NT$365.34 Billion ≈ $11.51 Billion |
-1.23% |
| 2012-12-31 | NT$369.91 Billion ≈ $11.65 Billion |
-0.84% |
| 2011-12-31 | NT$373.04 Billion ≈ $11.75 Billion |
+1.20% |
| 2010-12-31 | NT$368.60 Billion ≈ $11.61 Billion |
-2.73% |
| 2009-12-31 | NT$378.96 Billion ≈ $11.94 Billion |
-0.19% |
| 2008-12-31 | NT$379.69 Billion ≈ $11.96 Billion |
+18.45% |
| 2007-12-31 | NT$320.56 Billion ≈ $10.10 Billion |
+0.15% |
| 2006-12-31 | NT$320.08 Billion ≈ $10.08 Billion |
-2.66% |
| 2005-12-31 | NT$328.82 Billion ≈ $10.36 Billion |
+3.16% |
| 2004-12-31 | NT$318.74 Billion ≈ $10.04 Billion |
+2.75% |
| 2003-12-31 | NT$310.22 Billion ≈ $9.77 Billion |
+3.16% |
| 2002-12-31 | NT$300.73 Billion ≈ $9.47 Billion |
-10.06% |
| 2001-12-31 | NT$334.35 Billion ≈ $10.53 Billion |
-14.67% |
| 2000-12-31 | NT$391.84 Billion ≈ $12.35 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Chunghwa Telecom Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 5.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Chunghwa Telecom Co Net Assets Breakdown (December 2025)
Chunghwa Telecom Co net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$59.40 Billion | 15.38% |
| Common Stock | NT$77.57 Billion | 20.08% |
| Other Comprehensive Income | NT$101.92 Billion | 26.39% |
| Other Components | NT$147.36 Billion | 38.15% |
| Total Equity | NT$386.26 Billion | 100.00% |
Chunghwa Telecom Co Competitors by Market Cap
The table below lists competitors of Chunghwa Telecom Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Consolidated Edison Inc
NYSE:ED
|
$39.18 Billion |
|
American International Group Inc
NYSE:AIG
|
$39.19 Billion |
|
Nokia Corp ADR
NYSE:NOK
|
$39.25 Billion |
|
Prudential plc
MX:PUKN
|
$39.25 Billion |
|
Heineken
AS:HEIA
|
$38.97 Billion |
|
Holcim AG
SW:HOLN
|
$38.96 Billion |
|
EQT AB (publ)
ST:EQT
|
$38.84 Billion |
|
RIO Tinto Ltd
AU:RIO
|
$38.75 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chunghwa Telecom Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 382,826,000,000 to 386,257,711,000, a change of 3,431,711,000 (0.9%).
- Net income of 38,690,000,000 contributed positively to equity growth.
- Dividend payments of 38,787,232,000 reduced retained earnings.
- Other comprehensive income increased equity by 101,332,448,000.
- Other factors decreased equity by 97,803,505,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$38.69 Billion | +10.02% |
| Dividends Paid | NT$38.79 Billion | -10.04% |
| Other Comprehensive Income | NT$101.33 Billion | +26.23% |
| Other Changes | NT$-97.80 Billion | -25.32% |
| Total Change | NT$- | 0.90% |
Book Value vs Market Value Analysis
This analysis compares Chunghwa Telecom Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.21x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.71x to 3.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | NT$33.94 | NT$160.00 | x |
| 2001-12-31 | NT$25.09 | NT$160.00 | x |
| 2002-12-31 | NT$26.09 | NT$160.00 | x |
| 2003-12-31 | NT$26.91 | NT$160.00 | x |
| 2004-12-31 | NT$27.65 | NT$160.00 | x |
| 2005-12-31 | NT$28.54 | NT$160.00 | x |
| 2006-12-31 | NT$30.67 | NT$160.00 | x |
| 2007-12-31 | NT$36.70 | NT$160.00 | x |
| 2008-12-31 | NT$48.15 | NT$160.00 | x |
| 2009-12-31 | NT$48.22 | NT$160.00 | x |
| 2010-12-31 | NT$46.86 | NT$160.00 | x |
| 2011-12-31 | NT$47.21 | NT$160.00 | x |
| 2012-12-31 | NT$46.99 | NT$160.00 | x |
| 2013-12-31 | NT$46.37 | NT$160.00 | x |
| 2014-12-31 | NT$46.90 | NT$160.00 | x |
| 2015-12-31 | NT$47.42 | NT$160.00 | x |
| 2016-12-31 | NT$46.94 | NT$160.00 | x |
| 2017-12-31 | NT$46.97 | NT$160.00 | x |
| 2018-12-31 | NT$48.49 | NT$160.00 | x |
| 2019-12-31 | NT$48.43 | NT$160.00 | x |
| 2020-12-31 | NT$48.67 | NT$160.00 | x |
| 2021-12-31 | NT$48.85 | NT$160.00 | x |
| 2022-12-31 | NT$48.82 | NT$160.00 | x |
| 2023-12-31 | NT$48.97 | NT$160.00 | x |
| 2024-12-31 | NT$49.24 | NT$160.00 | x |
| 2025-12-31 | NT$49.92 | NT$160.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chunghwa Telecom Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.02%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.39%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.39x
- Recent ROE (10.02%) is below the historical average (11.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 16.02% | 22.55% | 0.60x | 1.19x | NT$23.58 Billion |
| 2001 | 12.91% | 20.28% | 0.45x | 1.42x | NT$8.43 Billion |
| 2002 | 14.70% | 24.59% | 0.42x | 1.43x | NT$14.14 Billion |
| 2003 | 15.23% | 25.93% | 0.42x | 1.38x | NT$16.21 Billion |
| 2004 | 15.97% | 27.50% | 0.42x | 1.38x | NT$19.04 Billion |
| 2005 | 10.16% | 18.04% | 0.47x | 1.21x | NT$529.45 Million |
| 2006 | 13.15% | 22.58% | 0.47x | 1.25x | NT$10.07 Billion |
| 2007 | 15.56% | 24.62% | 0.49x | 1.28x | NT$17.67 Billion |
| 2008 | 12.16% | 22.71% | 0.44x | 1.23x | NT$8.14 Billion |
| 2009 | 11.66% | 22.06% | 0.44x | 1.20x | NT$6.24 Billion |
| 2010 | 13.06% | 23.52% | 0.45x | 1.25x | NT$11.15 Billion |
| 2011 | 12.76% | 21.64% | 0.49x | 1.20x | NT$10.20 Billion |
| 2012 | 10.92% | 18.13% | 0.50x | 1.20x | NT$3.36 Billion |
| 2013 | 11.02% | 17.42% | 0.52x | 1.22x | NT$3.69 Billion |
| 2014 | 10.60% | 17.04% | 0.51x | 1.23x | NT$2.17 Billion |
| 2015 | 11.61% | 18.47% | 0.51x | 1.23x | NT$5.93 Billion |
| 2016 | 10.99% | 17.42% | 0.51x | 1.23x | NT$3.60 Billion |
| 2017 | 10.65% | 17.09% | 0.50x | 1.24x | NT$2.39 Billion |
| 2018 | 9.43% | 16.48% | 0.46x | 1.24x | NT$-2.15 Billion |
| 2019 | 8.72% | 18.28% | 0.39x | 1.22x | NT$-4.82 Billion |
| 2020 | 8.84% | 16.10% | 0.41x | 1.34x | NT$-4.37 Billion |
| 2021 | 9.39% | 17.01% | 0.41x | 1.35x | NT$-2.32 Billion |
| 2022 | 9.59% | 16.86% | 0.41x | 1.38x | NT$-1.55 Billion |
| 2023 | 9.72% | 16.56% | 0.43x | 1.38x | NT$-1.07 Billion |
| 2024 | 9.71% | 16.27% | 0.43x | 1.40x | NT$-1.09 Billion |
| 2025 | 10.02% | 16.39% | 0.44x | 1.39x | NT$64.23 Million |
Industry Comparison
This section compares Chunghwa Telecom Co's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $19,402,107,500
- Average return on equity (ROE) among peers: 10.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chunghwa Telecom Co (2412) | NT$400.79 Billion | 16.02% | 0.34x | $39.10 Billion |
| Far EasTone Telecommunications Co Ltd (4904) | $73.53 Billion | 15.62% | 0.68x | $12.96 Billion |
| Hwacom Systems (6163) | $1.82 Billion | 0.14% | 1.56x | $180.73 Million |
| Welldone Co (6170) | $1.44 Billion | 5.92% | 1.16x | $153.82 Million |
| Chief Telecom Inc (6561) | $812.00 Million | 21.18% | 0.41x | $812.24 Million |
About Chunghwa Telecom Co
Chunghwa Telecom Co., Ltd., together with its subsidiaries, operates as an integrated telecommunications service provider in Taiwan and internationally. The company operates through Consumer Business, Enterprise Business, International Business, and Others segments. Its services primarily include mobile, fixed-line, information and communication technology (ICT), and sales and other services. The… Read more