CHT vs VIV: Chunghwa Telecom Co and Telefonica Brasil SA ADR compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Chunghwa Telecom Co is the larger company, worth $35.5B, about 1.8 times Telefonica Brasil SA ADR.
- On earnings, Telefonica Brasil SA ADR is the cheaper stock (17.3x vs 28.8x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | CHT | VIV |
|---|---|---|
| Market cap | $35.5B | $19.6B |
| Share price | $45.99 | $12.71 |
| Revenue (last fiscal year) | $230.0B | — |
| Free cash flow (last fiscal year) | $50.3B | $11.3B |
| Revenue growth, last year | +3.0% | — |
| Revenue growth per year, last 5 fiscal years | +2.6% | — |
| Operating margin | 20.4% | — |
| Net margin | 16.2% | — |
| Return on equity | 9.7% | 9.0% |
| P/E (trailing) | 28.8x | 17.3x |
| Price / free cash flow | 0.72x | 1.78x |
| EV / EBITDA | 11.4x | 11.1x |
| FCF growth the price implies | — | — |
| Dividend yield | 3.7% | 7.7% |
| Debt / equity | 0.36x | 0.86x |
| Fundamental grade | C | C |
| Superinvestors holding it | 1 | 2 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Chunghwa Telecom Co
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2020 | $207.6B | $3.3B | 20.4% |
| 2021 | $210.5B | $39.3B | 21.3% |
| 2022 | $216.7B | $42.5B | 21.6% |
| 2023 | $223.2B | $43.6B | 20.8% |
| 2024 | $230.0B | $50.3B | 20.4% |
Telefonica Brasil SA ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | — | $8.8B | — |
| 2022 | — | $9.0B | — |
| 2023 | — | $10.0B | — |
| 2024 | — | $10.6B | — |
| 2025 | — | $11.3B | — |
Where the revenue comes from
Chunghwa Telecom Co · by segments, 2025
Consumer Business$146.3B61%
Enterprise Business$78.3B32%
International Business$10.5B4%
Other$6.4B3%
Telefonica Brasil SA ADR
No segment breakdown reported.
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open CHT in InvestinglyQuestions
Which is bigger, Chunghwa Telecom Co or Telefonica Brasil SA ADR?
Chunghwa Telecom Co (CHT), at $35.5B against $19.6B.
Is CHT or VIV cheaper?
By trailing P/E, Telefonica Brasil SA ADR (17.3x) is cheaper than Chunghwa Telecom Co (28.8x). A lower multiple can also mean the market expects less growth.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.