CSE Global (SGX:544) Full Year 2023 Results
Key Financial Results
- Revenue: S$725.1m (up 30% from FY 2022).
- Net income: S$22.5m (up 372% from FY 2022).
- Profit margin: 3.1% (up from 0.9% in FY 2022). The increase in margin was driven by higher revenue.
- EPS: S$0.037 (up from S$0.009 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CSE Global Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.6%.
The primary driver behind last 12 months revenue was the Infrastructure segment contributing a total revenue of S$342.3m (47% of total revenue). Notably, cost of sales worth S$525.2m amounted to 72% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to S$143.5m (81% of total expenses). Explore how 544's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in Asia.
Performance of the market in Singapore.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with CSE Global.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About SGX:544
CSE Global
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.
Undervalued with excellent balance sheet and pays a dividend.
