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CSE GLOBAL LTD (544) Fair Value & Analysis

Technology · SG · Market cap 955M SGD

CG CSE GLOBAL LTD 544 · SG
Price1.35 SGD
Fair Value0.6600 SGD
Upside-51.1%
Quality40/100
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Expensive Growth
Thin margins · 3.9% net margin
Low debt · negative free cash flow
2.03% dividend yield
Mixed vs. peers (8/14)
Narrow moat 38/100
Evidence: High Range 0.4600 SGD – 0.9100 SGD Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 4 days ago

Share price +19.5% over the past month.

Below-average quality, and screening another 51% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.9100 SGD). The favourable scenario is already priced in.
  • Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (0.4600 SGD to 0.9100 SGD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

1.78 SGD 0.2779 SGD Fair Value 0.6600 SGD May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.2779 SGD – 1.78 SGD · fair‑value band 0.4600 SGD – 0.9100 SGD · the 1.35 SGD price screens above the 0.6600 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

CSE GLOBAL LTD (544) currently trades at 1.35 SGD, while our model-based Fair Value estimate is 0.6600 SGD, implying the stock looks roughly 51.1% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, CSE GLOBAL LTD generated revenue of 969M SGD at a net margin of 3.9%. Revenue grew 22.1% year over year. It earns a return on equity of 14.1%. Net debt stands at 163M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.4600 SGD (bear case) to 0.9100 SGD (bull case); at 1.35 SGD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 135% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at -51%, 544 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income 0.3400 SGD 0.4000 SGD 0.8000 SGD 76
ROIC Compounder 0.6100 SGD 0.7700 SGD 0.9600 SGD 72
Gordon GGM 0.0800 SGD 0.1400 SGD 0.2000 SGD 70
All 17 models by family
DCF Models
Owner Earnings 0.6200 SGD 1.01 SGD 1.64 SGD 31
Earnings-Based
Graham-Dodd 0.3500 SGD 1.71 SGD 2.36 SGD 54
Lynch FV 0.4600 SGD 0.6600 SGD 0.8500 SGD 50
PEG = 1.0 0.4600 SGD 0.6600 SGD 0.8500 SGD 46
EPV 0.5600 SGD 0.6200 SGD 0.6800 SGD 59
Dividend Discount
Gordon GGM 0.0800 SGD 0.1400 SGD 0.2000 SGD 70
DDM Multi-Stage 0.0800 SGD 0.1300 SGD 0.1500 SGD 61
Multiples
P/E Multiple 1.08 SGD 1.44 SGD 1.80 SGD 63
P/S Multiple 0.6600 SGD 0.8700 SGD 1.09 SGD 58
P/B Multiple 0.6600 SGD 0.8700 SGD 1.09 SGD 55
EV/EBIT 1.30 SGD 1.72 SGD 2.13 SGD 53
EV/EBITDA 1.53 SGD 2.01 SGD 2.50 SGD 54
EV/Revenue 0.6900 SGD 0.9600 SGD 1.23 SGD 43
Asset-Based
NCAV (Graham) 0.1900 SGD 0.2500 SGD 0.3800 SGD 50
Economic Profit
Residual Income 0.3400 SGD 0.4000 SGD 0.8000 SGD 76
ROIC Compounder 0.6100 SGD 0.7700 SGD 0.9600 SGD 72
Growth Earnings
Growth-Adj P/E 0.8400 SGD 1.20 SGD 1.56 SGD 68

Widest divergence: Growth Earnings (1.20 SGD) versus Dividend Discount (0.1300 SGD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 969M SGD
Revenue growth (YoY) +22.1%
Net margin 3.9%
Return on equity 14.1%
Free cash flow −95.8M SGD FY2025
P/E ratio 27.0
More key figures
Operating margin 5.8%
EPS (TTM) 0.0500 SGD
Dividend yield 2.0%
EPS growth (YoY) +81.9%
Net debt 163M SGD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 40 · Market factors (momentum, volatility) 62

Profitability 56
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

CSE Global Limited, an investment holding company, engages in the provision of integrated industrial automation, information technology, and intelligent transport solutions in the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

Full company description

CSE Global Limited, an investment holding company, engages in the provision of integrated industrial automation, information technology, and intelligent transport solutions in the Asia Pacific, the Americas, Europe, the Middle East, and Africa. The company offers process control, safety shutdown, fire and gas detection, supervisory control and data acquisition (SCADA), wellhead and subsea control, process skid, real-time information, and intelligent transport systems; two-way radio communication, fiber optic, microwave radio, conventional and trunked radio, public address, and general alarm systems; VSAT satellite communications, telephone, local and wide area, SCADA and telemetry networks; and CCTV, access control, and FIDS systems, as well as multiple hearth furnaces, rotary kiln and fluid bed incinerators, and carbon and energy recovery systems, and electric vehicle charging infrastructure, renewable energy, and utility solutions. It also provides e-business integration, research and development, and computer system integration services; computer network systems; electrical control and computer systems; infrastructure engineering services; process plant and environmental engineering services; contracting resources and permanent placement; panel fabrication; turnkey and telecommunication solutions; security system; and project management services. In addition, the company distributes electrical engineering equipment; designs and installs high temperature thermal process and incineration systems; designs and develops water treatment and disposal technology; provides commercial building controls and automation services; leases office and warehouse space; and offers engineered design packages, and field and networking services, as well as electrical distribution and power systems for the data centre, industrial, manufacturing, and utility/energy market. CSE Global Limited was founded in 1985 and is headquartered in Singapore.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CSE GLOBAL LTD reported revenue of 969M SGD in FY2025 versus 469M SGD in FY2021, a compound +19.9%/yr. Reported net income was 37.5M SGD in FY2025, compounding +25.7%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
969M SGD
Latest YoY
+12.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.0%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.3%
Revenue +19.9%/yr
FY21 469M SGD
FY22 558M SGD
FY23 725M SGD
FY24 861M SGD
FY25 969M SGD
Net income +25.7%/yr
FY21 15.0M SGD
FY22 4.8M SGD
FY23 22.5M SGD
FY24 26.3M SGD
FY25 37.5M SGD

544 screens 51% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "CSE GLOBAL LTD Fair Value". https://www.fairvalue-calculator.com/stock/544

Peer Group

Information Technology Services · 490 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 40 · Bottom 25%
Fair Value upside −51% · Bottom 25%
Return on equity (TTM) 14% · Above median
Return on assets 5% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 6% · Above median
Revenue growth 22% · Top 25%
Dividend yield (TTM) 2.0% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 27.0× · Pricier than median
P/B 2.71× · Pricier than median
P/S (TTM) 0.77× · Cheaper than median
EV/EBITDA 10.2× · Pricier than median
PEG 0.97× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 33
FUTURE 100 · sector 30
PAST 56 · sector 35
HEALTH 99 · sector 97
DIVIDEND 41 · sector 40

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.98 $175.76 -26%
Accenture plc ACNN 2,460 MXN 300.07 MXN -88%
Tata Consultancy Services Limited TCS ₹2,350 ₹3,473 +48%
Infosys Limited INFY ₹1,176 ₹1,998 +70%
HCL Technologies Limited HCLTECH ₹1,365 ₹1,722 +26%
Wipro Limited WIPRO ₹183.94 ₹314.26 +71%
Tech Mahindra Limited TECHM ₹1,625 ₹1,521 -6%
Samsung SDS Co 018260 235,500 KRW 235,321 KRW -0%
Persistent Systems Limited PERSISTENT ₹5,474 ₹3,259 -40%
Hyundai Autoever Corporation 307950 433,000 KRW 186,323 KRW -57%

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Frequently asked questions

Is CSE GLOBAL LTD (544) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.6600 SGD versus a price of 1.35 SGD, about −51% (overvalued).
What is the fair value of 544?
Our model-based fair value for CSE GLOBAL LTD is 0.6600 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 1.35 SGD.
What is the quality score of 544?
CSE GLOBAL LTD has a Quality Score of 40/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of CSE GLOBAL LTD (544)?
CSE GLOBAL LTD reported trailing-twelve-month revenue of about 969M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 544?
The net profit margin of CSE GLOBAL LTD is about 3.9%, meaning it keeps roughly 3.9% of revenue as net income. Based on the latest reported figures.
Does CSE GLOBAL LTD pay a dividend?
CSE GLOBAL LTD currently shows a dividend yield of about 2.03% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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