Taiwan Mobile Co., Ltd.

TWSE:3045 Stock Report

Market Cap: NT$362.2b

Taiwan Mobile Past Earnings Performance

Past criteria checks 3/6

Taiwan Mobile has been growing earnings at an average annual rate of 7.8%, while the Wireless Telecom industry saw earnings growing at 7.8% annually. Revenues have been growing at an average rate of 7.2% per year. Taiwan Mobile's return on equity is 16.6%, and it has net margins of 7.5%.

Key information

7.81%

Earnings growth rate

5.85%

EPS growth rate

Wireless Telecom Industry Growth13.03%
Revenue growth rate7.16%
Return on equity16.61%
Net Margin7.45%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Narrative Update • Jun 02

3045: Telco Plus Tech Expansion And Stable Metrics Will Support Fair Value

Analysts have left their NT$117.29 price target for Taiwan Mobile unchanged, citing slightly adjusted assumptions around discount rate, revenue growth, profit margin and forward P/E to reflect a more measured outlook for growth and stable expectations for profitability. What's in the News Liminal Custody announced a partnership with Taiwan Mobile and SYSTEX to distribute institutional digital asset custody and wallet infrastructure in Taiwan, targeting banks, virtual asset service providers and enterprises.
Narrative Update • Apr 26

3045: Unchanged Margins And P/E Assumptions Will Support Steady Fair Value

Analysts have maintained their price target for Taiwan Mobile at NT$117.29. They cite unchanged assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E.
Narrative Update • Apr 12

3045: Stable Margins And P/E Assumptions Will Support Steady Fair Value

Analysts have kept their price target for Taiwan Mobile unchanged at NT$117.29. This reflects stable views on fair value, discount rate, revenue growth, profit margin and forward P/E assumptions.
Narrative Update • Mar 29

3045: Modest Revenue Outlook And Softer P/E Will Sustain Steady Fair Value

Analysts have kept their NT$117.29 price target for Taiwan Mobile unchanged, citing offsetting effects between a higher revenue growth assumption and slightly lower projected profit margins and future P/E. Valuation Changes Fair Value: NT$117.29 is unchanged, so the overall valuation output stays consistent with prior assumptions.
Narrative Update • Mar 11

3045: Higher Margin Outlook And Richer P/E Will Support Steady Fair Value

Analysts have kept their NT$117.29 price target for Taiwan Mobile unchanged, citing a mix of sharply lower revenue growth assumptions, slightly higher profit margin expectations, and a higher future P/E estimate. Valuation Changes Fair Value: The NT$117.29 fair value estimate is unchanged, reflecting the same overall target as before.
Narrative Update • Feb 25

3045: Higher Revenue Assumptions And Lower P/E Will Support Steady Margins

Analysts have kept their NT$117.29 price target for Taiwan Mobile unchanged, citing adjusted assumptions around revenue growth, profit margins, and a lower projected future P/E of about 23x as reasons to maintain their valuation view. Valuation Changes Fair Value: The NT$117.29 fair value estimate is unchanged, with no adjustment to the target price level.
Narrative Update • Feb 10

3045: Slightly Lower Fair Value Will Still Support Steady Profit Margins

Analysts have trimmed their fair value estimate for Taiwan Mobile from $119.86 to $117.29, reflecting updated views on revenue growth, profit margins, and future P/E assumptions. Valuation Changes Fair Value: Trimmed slightly from NT$119.86 to NT$117.29, a reduction of about NT$2.57 per share.
Narrative Update • Jan 27

3045: Higher Future P E Multiple Will Support Moderately Rising Profit Margin

Analysts now see slightly lower upside for Taiwan Mobile, trimming their fair value estimate from $121.29 to $119.86 as they factor in more moderate revenue growth assumptions, alongside a marginally higher projected P/E multiple and steady profit margins. Valuation Changes Fair Value Estimate was trimmed slightly from NT$121.29 to NT$119.86, reflecting more conservative inputs.
Narrative Update • Jan 13

3045: Future Profit Margin Improvement Will Support A More Attractive P E Multiple

Analysts have trimmed their price target for Taiwan Mobile to the equivalent of about $121.29 from $122.80, citing slightly more conservative revenue growth and P/E assumptions, partly offset by a small uplift in projected profit margin. Valuation Changes Fair value estimate trimmed slightly to about $121.29 from $122.80.
Narrative Update • Aug 27

5G Connectivity And Telco+Tech Expansion Will Create Enduring Value

Taiwan Mobile’s fair value estimate was raised marginally to NT$122.80 as both the future P/E and revenue growth forecasts remain essentially unchanged. What's in the News Taiwan Mobile partnered with Swift Navigation to introduce the SkylarkTM Precise Positioning Service to Taiwan, enabling high-accuracy GNSS for industries such as automotive, robotics, and fleet management.
User avatar
New Narrative • Nov 19

Merger Synergies And Tactical Growth Propel Dynamic Mobile And Broadband Expansion

The merger with Taiwan Star and consolidation of base stations are set to enhance cost efficiency and net margins.

Revenue & Expenses Breakdown

How Taiwan Mobile makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TWSE:3045 Revenue, expenses and earnings (TWD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26200,37614,92920,071863
31 Dec 25198,76514,43720,060830
30 Sep 25198,13014,00720,196784
30 Jun 25198,99214,56120,253743
31 Mar 25199,26514,50420,104712
31 Dec 24199,37413,81719,965682
30 Sep 24196,82113,95119,324643
30 Jun 24192,80712,72518,653599
31 Mar 24188,60912,52718,122555
31 Dec 23183,34812,27417,575512
30 Sep 23180,35011,15817,433491
30 Jun 23177,63111,05917,185474
31 Mar 23175,43411,01716,953445
31 Dec 22172,20611,02616,752391
30 Sep 22166,59111,03416,457332
30 Jun 22163,51211,03316,239281
31 Mar 22160,58510,87915,962248
31 Dec 21156,11010,98815,763243
30 Sep 21149,54710,61515,473235
30 Jun 21143,40010,59715,451229
31 Mar 21136,32110,80415,515223
31 Dec 20132,86111,28715,507215
30 Sep 20128,54512,13215,434205
30 Jun 20128,12812,56715,620192
31 Mar 20126,40112,72515,700176
31 Dec 19124,42112,48115,952163
30 Sep 19121,87912,62116,155116
30 Jun 19119,37312,64116,28075
31 Mar 19118,29913,23216,59237
31 Dec 18118,73213,64216,8850
30 Sep 18118,93012,99317,1610
30 Jun 18119,37313,68117,4170
31 Mar 18118,63713,71217,4900
31 Dec 17117,17114,19217,5030
30 Sep 17115,96615,19117,6830
30 Jun 17115,65115,21817,7830
31 Mar 17116,28915,50817,9670
31 Dec 16116,64715,32018,2600
30 Sep 16116,62315,64618,3660
30 Jun 16115,74115,81718,2090
31 Mar 16115,62615,64718,0860
31 Dec 15116,14415,68617,8950
30 Sep 15115,80414,96717,6960
30 Jun 15116,00614,54517,8350

Quality Earnings: 3045 has high quality earnings.

Growing Profit Margin: 3045's current net profit margins (7.5%) are higher than last year (7.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 3045's earnings have grown by 7.8% per year over the past 5 years.

Accelerating Growth: 3045's earnings growth over the past year (2.9%) is below its 5-year average (7.8% per year).

Earnings vs Industry: 3045 earnings growth over the past year (2.9%) did not outperform the Wireless Telecom industry 8.3%.

Return on Equity

High ROE: 3045's Return on Equity (16.6%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/14 06:06
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Taiwan Mobile Co., Ltd. is covered by 21 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anand RamachandranBarclays
Xinyi PangBofA Global Research
Frank LinCLSA