MORNINGSTAR'S TAKE ON CHINA TELECOM CORP
China Telecom Corp Ltd ADR CHA
Last Price
$61.50Day Change
5.13|9.10%After Hours: As of Tue 08/23/2011 1:10 PM EDT |USD Open Price
$57.69 Day Range
57.53-61.51 52-Week Range
47.24-67.12 Proj. Yield
1.59 Market Cap
54.3 bil
Volume 216,417 Avg Vol. 89,580
Forward P/E 16.9
P/B 1.5 P/S 1.6 P/CF 4.6
Morningstar's Take CHA
We think China Telecom is in a better competitive position today to provide integrated telecom services, compared to 2008 when the carrier just emerged from industrywide restructuring. Investments in network infrastructure and well-crafted marketing campaigns over the past two years have helped the carrier narrow the gap with larger rivals in the wireless market, especially in the attractive 3G area. The virtual monopoly that China Telecom enjoys in broadband access in southern China should allow the carrier to continue riding the boom in this market, in our view.
China Telecom is an integrated telecom service provider offering fixed-line, broadband access, and mobile services. It operates the largest wireline network in China, serving more than 170 million subscribers in southern provinces and municipalities, or over 64% of the total market. The carrier also serves over half of China's broadband access subscribers, as well as 96 million CDMA mobile users. Visit Company Website Sector
Communication Services Industry
Telecom Services Stock Type
— Employees
312,322 Fiscal Year Ends
Price/Earnings TTM 20.7 12.6
Price/Book 1.4 1.6
Price/Sales TTM 1.5 1.3
Rev Growth (3 Yr Avg) 7.2 -14.2
EPS Growth (3 Yr Avg) -13.2 4.8
Operating Margin % TTM 10.9 15.9
Net Margin % TTM 7.2 10.1
ROE TTM 7.0 14.0
Debt/Equity 0.2 3.3
– Avg +
Financials CHAMore...Financials CHA
Financials CHA
Annual Quarterly
2010-12 2009-12 2008-12 2010-12 2008-12
Income Statement
Revenue 219,864 209,370 186,801 — —
Operating Income 24,016 22,658 5,145 — —
Net Income 15,759 14,422 979 — —
Earnings Per Share 19.00 18.00 1.00 — —
Shares Outstanding 809 809 809 — —
Balance Sheet
Current Assets 55,245 60,936 55,499 — —
Non Current Assets 352,110 365,584 384,838 — —
Total Assets 407,355 426,520 440,337 — —
Current Liabilities 126,923 143,481 176,790 — —
Total Liabilities 175,887 204,788 227,301 — —
Stockholders' Equity 231,468 221,732 213,036 — —
Cash Flow
Cash From Operations 75,571 74,988 76,756 75,571 76,756
Capital Expenditures -41,597 -40,311 -46,652 -41,597 -46,652
Free Cash Flow 33,974 34,677 30,104 33,974 30,104
In millions except "EPS". Currency in CNY.
S&P 500 index data: S&P 500 Copyright © 2011
All data supplied by Morningstar Real-Time Data. U.S. intraday real-time exchange quotes are sourced from BATS when available. End-of-day quotes for Nasdaq, NYSE, and Amex securities will appear 15 minutes after close. Graph times are Eastern Standard. © Copyright 2011 Morningstar, Inc.
Headlines Morningstar Commentary Press Release China Telecom 1st Half Net Profit Up 8% At CNY9.81 Billion
Dow Jones, 08-23-11
Dividends CHA
Declared Date 03/24/11
Ex-Dividend Date 04/14/11
Latest Indicated Dividend Amount 0.9807
Projected Yield 1.6%
Recent DividendsDate Type Amount
04/14/11 Cash Dividend 0.9807
04/20/10 Cash Dividend 0.9812
04/21/09 Cash Dividend 0.9868
04/24/08 Cash Dividend 1.0879
Market Data 
Markets 
AI
