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CSE Global (544) AI Stock Analysis
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CSE Global
(SGX:544)
The score is held back primarily by negative operating/free cash flow and a higher leverage profile, despite solid revenue growth and improved profitability. Technicals are also weak, with the stock trading below major moving averages and negative MACD. Valuation is moderate with a modest dividend yield, offering some support but not enough to offset cash flow and trend risks.
CSE Global (544) vs. iShares MSCI Singapore ETF (EWS)
- Market Cap
- SGD 698.39M
- Dividend Yield
- 2.71%
- Average Volume (3M)
- 7.34M
- Price to Earnings (P/E)
- 18.4
- Beta (1Y)
- 1.18
- Revenue Growth
- 24.78%
- EPS Growth
- 21.43%
- Country
- Singapore
- Employees
- 2,000
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Information Technology Services
CSE Global Business Overview & Revenue Model
Company Description
CSE Global Limited, an investment holding company established in Singapore in 1985, delivers comprehensive industrial automation, information technology, and intelligent transport solutions worldwide. Its operations span the Asia Pacific, the America...
How the Company Makes Money
CSE Global primarily makes money by providing engineering and systems-integration services and delivering project-based solutions for industrial clients. Revenue is generally generated through (1) project execution/turnkey delivery, where the company...
CSE Global Financial Statement Overview
Summary
Revenue and profitability have improved (TTM revenue up ~6%, net margin ~3.9%, operating margin ~5.4%), but this is materially offset by weak cash generation: operating cash flow and free cash flow are negative in 2025 and TTM (TTM OCF about -24m; TTM FCF about -54m). Leverage has also increased notably (debt ~283m TTM vs ~155m in 2024; debt/equity ~1.12x vs ~0.60x), reducing flexibility.
Income Statement
72PositiveBalance Sheet
58NeutralCash Flow
34Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.09B | 968.92M | 861.17M | 725.05M | 557.70M | 468.66M |
| Gross Profit | 272.68M | 261.91M | 241.16M | 199.86M | 146.18M | 135.88M |
| EBITDA | 85.40M | 84.79M | 72.39M | 64.17M | 34.05M | 43.13M |
| Net Income | 34.35M | 37.49M | 26.34M | 22.53M | 4.77M | 15.00M |
Balance Sheet | ||||||
| Total Assets | 787.37M | 757.54M | 632.63M | 598.37M | 493.66M | 397.51M |
| Cash, Cash Equivalents and Short-Term Investments | 54.75M | 46.18M | 57.40M | 39.43M | 34.21M | 46.51M |
| Total Debt | 282.57M | 264.87M | 154.64M | 143.20M | 128.09M | 118.95M |
| Total Liabilities | 493.50M | 482.00M | 376.60M | 382.29M | 281.36M | 205.51M |
| Stockholders Equity | 293.63M | 275.46M | 255.99M | 216.15M | 212.30M | 192.04M |
Cash Flow | ||||||
| Free Cash Flow | -54.31M | -95.74M | 12.31M | 37.09M | -16.01M | 19.08M |
| Operating Cash Flow | -23.95M | -67.22M | 33.10M | 55.90M | 10.00K | 29.38M |
| Investing Cash Flow | -30.99M | -241.00K | -33.28M | -24.39M | -45.72M | -15.50M |
| Financing Cash Flow | 59.04M | 57.34M | 19.31M | -16.84M | 25.05M | -17.96M |
CSE Global Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:544, the sentiment is Negative. The current price of 0.88 is below the 20-day moving average (MA) of 1.02, below the 50-day MA of 1.14, and below the 200-day MA of 1.25, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 27.08 is Positive, neither overbought nor oversold. The STOCH value of 34.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:544.
CSE Global Peers Comparison
Overall Rating
SG:BBW79Outperform
SG:55872Outperform
SG:8AZ67Neutral
SG:A3167Neutral
SG:E2855Neutral- SG:54451Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SG:BBW | 79Outperform | SGD 291.00M | 13.02 | 57.45% | 7.32% | -5.54% | -22.51% |
| SG:558 | 72Outperform | SGD 1.89B | 30.78 | 12.58% | 2.39% | 9.88% | 33.33% |
| SG:8AZ | 67Neutral | SGD 293.28M | 8.80 | 12.44% | 30.26% | -8.15% | -16.22% |
| SG:A31 | 67Neutral | SGD 390.44M | 59.95 | 32.69% | ― | 53.91% | 157.14% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| SG:E28 | 55Neutral | SGD 951.86M | 22.38 | 7.99% | 1.37% | 1.00% | -1.32% |
| SG:544 | 51Neutral | SGD 636.56M | 18.38 | 12.07% | 2.71% | 24.78% | 21.43% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SG:544 | CSE Global | 0.88 | 0.03 | 3.06% | |
| SG:558 | Ums Integration Limited | 2.01 | 0.80 | 66.12% | |
| SG:8AZ | Aztech Global Ltd. | 0.38 | -0.21 | -35.81% | |
| SG:A31 | Addvalue Technologies Ltd | 0.11 | 0.06 | 146.51% | |
| SG:BBW | Azeus Systems Holdings Ltd. | 9.70 | -4.70 | -32.62% | |
| SG:E28 | Frencken Group Limited | 2.01 | 0.35 | 20.87% |
CSE Global Corporate Events
CSE Global Board Continues Evaluation of Strategic Review
CSE Global Limited has announced an update on its ongoing strategic review, stating that its Board of Directors is still evaluating a preliminary report prepared by Jefferies Singapore Limited. The process remains at an assessment stage, with no clar...
CSE Global Cuts Warrant Exercise Price After Interim Dividend
CSE Global has adjusted the exercise price of its 62,968,580 outstanding warrants to S$0.7434 per warrant, following the declaration of an interim one-tier tax-exempt cash dividend of S$0.0091 per share for the financial year ending 31 December 2026....
CSE Global Wins S$190.5 Million U.S. Electrification Deals
CSE Global has secured two major electrification contracts in the United States worth about S$190.5 million, reinforcing its role in power infrastructure for energy and data-driven sectors. The deals cover design and manufacture of power distribution...
CSE Global Board Reviews Preliminary Strategic Report from Jefferies
CSE Global Limited has announced an update on its ongoing strategic review, confirming that financial adviser Jefferies Singapore Limited has submitted a preliminary report, which the Board is now evaluating. The company has not provided details of p...
CSE Global Wins S$64.3m U.S. Electrification Contract for Data Centre Hub
CSE Global has secured a major US$49.8 million (about S$64.3 million) contract in the United States to design and manufacture power distribution centres for the Cheyenne Power Hub project. The PDCs will provide critical, safe and reliable power distr...
CSE Global Reshapes Subsidiary Holdings and Expands UK Rural Broadband Footprint
CSE Global has reduced its indirect stake in Malaysian subsidiary Innovative Automation Solutions Sdn. Bhd. from 70% to 49% by selling 180,600 shares to CSE Bestari Sdn. Bhd., resulting in IAS no longer being a majority-owned subsidiary but still a s...
CSE Global strengthens board independence with new lead director and committee reshuffle
CSE Global has appointed Amitava Guharoy as Lead Independent Director, Chairman of the Audit and Risk Committee and a member of the Nominating Committee, following a formal search that involved the Singapore Institute of Directors and a detailed asse...
CSE Global Books S$199 Million in 2Q Orders as Order Book Climbs to S$620 Million
CSE Global reported S$199.1 million in new orders for the second quarter of 2026, a 5.8% year-on-year decline that management attributed largely to timing effects in contract awards amid an uncertain operating environment. Despite the softer quarterl...
CSE Global Maintains Caution as Strategic Review Continues
CSE Global has announced that its previously disclosed strategic review remains ongoing, with the board emphasising that there is no certainty any definitive agreement or transaction will emerge from the process. The company said it will provide furt...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 16, 2026