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CSE Global

SGX:544
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
544
SGX
SGD249M
Market Cap
  1. Home
  2. SG
  3. Software
Company description

CSE Global Limited, an investment holding company, provides integrated industrial automation, information technology, and intelligent transport solutions in the Asia Pacific, the Americas, Europe, and the Middle East. The last earnings update was 17 days ago. More info.


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544 Share Price and Events
7 Day Returns
0%
SGX:544
-0.9%
Asia IT
-0.8%
SG Market
1 Year Returns
2.1%
SGX:544
15.1%
Asia IT
-8.2%
SG Market
544 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CSE Global (544) 0% -5.8% 3.2% 2.1% 10.2% -16.4%
Asia IT -0.9% -3.5% 2.4% 15.1% 41% 73.2%
SG Market -0.8% -4.5% -2.8% -8.2% 9.4% -7.7%
1 Year Return vs Industry and Market
  • 544 underperformed the IT industry which returned 15.1% over the past year.
  • 544 outperformed the Market in Singapore which returned -8.2% over the past year.
Price Volatility
544
Industry
5yr Volatility vs Market

544 Value

 Is CSE Global undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CSE Global to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CSE Global.

SGX:544 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.1%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:544
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.05 (1 + (1- 17%) (17.95%))
1.138
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (1.138 * 5.96%)
9.09%

Discounted Cash Flow Calculation for SGX:544 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CSE Global is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:544 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 9.09%)
2019 13.60 Analyst x1 12.47
2020 23.08 Analyst x1 19.40
2021 26.30 Analyst x1 20.26
2022 22.28 Est @ -15.27% 15.74
2023 20.06 Est @ -10% 12.98
2024 18.79 Est @ -6.31% 11.15
2025 18.09 Est @ -3.72% 9.84
2026 17.75 Est @ -1.92% 8.85
2027 17.63 Est @ -0.65% 8.06
2028 17.67 Est @ 0.24% 7.41
Present value of next 10 years cash flows SGD126.16
SGX:544 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD17.67 × (1 + 2.3%) ÷ (9.09% – 2.3%)
SGD266.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD266.56 ÷ (1 + 9.09%)10
SGD111.72
SGX:544 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD126.16 + SGD111.72
SGD237.88
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD237.88 / 507.95
SGD0.47
SGX:544 Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD0.47
Current discount Discount to share price of SGD0.49
= -1 x (SGD0.49 - SGD0.47) / SGD0.47
-3.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of CSE Global is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CSE Global's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CSE Global's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:544 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SGD SGD0.04
SGX:544 Share Price ** SGX (2019-05-23) in SGD SGD0.49
Asia IT Industry PE Ratio Median Figure of 111 Publicly-Listed IT Companies 13.79x
Singapore Market PE Ratio Median Figure of 322 Publicly-Listed Companies 12.37x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CSE Global.

SGX:544 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:544 Share Price ÷ EPS (both in SGD)

= 0.49 ÷ 0.04

12.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CSE Global is good value based on earnings compared to the Asia IT industry average.
  • CSE Global is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does CSE Global's expected growth come at a high price?
Raw Data
SGX:544 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
6.6%per year
Asia IT Industry PEG Ratio Median Figure of 28 Publicly-Listed IT Companies 1.21x
Singapore Market PEG Ratio Median Figure of 120 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

SGX:544 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.31x ÷ 6.6%

1.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CSE Global is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on CSE Global's assets?
Raw Data
SGX:544 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SGD SGD0.34
SGX:544 Share Price * SGX (2019-05-23) in SGD SGD0.49
Asia IT Industry PB Ratio Median Figure of 141 Publicly-Listed IT Companies 1.27x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.72x
SGX:544 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:544 Share Price ÷ Book Value per Share (both in SGD)

= 0.49 ÷ 0.34

1.43x

* Primary Listing of CSE Global.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CSE Global is overvalued based on assets compared to the Asia IT industry average.
X
Value checks
We assess CSE Global's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. CSE Global has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

544 Future Performance

 How is CSE Global expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CSE Global expected to grow at an attractive rate?
  • CSE Global's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • CSE Global's earnings growth is expected to exceed the Singapore market average.
  • CSE Global's revenue growth is expected to exceed the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:544 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:544 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 6.6%
SGX:544 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 5%
Asia IT Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Asia IT Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.7%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:544 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:544 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 433 31 24 3
2020-12-31 421 31 24 3
2019-12-31 398 18 22 3
SGX:544 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-03-31 370 59 20
2018-12-31 377 47 20
2018-09-30 393 40 -22
2018-06-30 387 4 -24
2018-03-31 380 -32 -42
2017-12-31 362 -23 -45
2017-09-30 324 -20 -2
2017-06-30 319 7 -1
2017-03-31 308 40 19
2016-12-31 318 58 21
2016-09-30 338 104 24
2016-06-30 360 100 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CSE Global's earnings are expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).
  • CSE Global's revenue is expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:544 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from CSE Global Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:544 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.05 0.05 0.05 2.00
2020-12-31 0.05 0.05 0.04 3.00
2019-12-31 0.04 0.04 0.04 2.00
SGX:544 Past Financials Data
Date (Data in SGD Millions) EPS *
2019-03-31 0.04
2018-12-31 0.04
2018-09-30 -0.04
2018-06-30 -0.05
2018-03-31 -0.08
2017-12-31 -0.09
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.04
2016-12-31 0.04
2016-09-30 0.05
2016-06-30 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • CSE Global is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess CSE Global's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CSE Global has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

544 Past Performance

  How has CSE Global performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CSE Global's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CSE Global's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • CSE Global has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • CSE Global has become profitable in the last year making it difficult to compare the Asia IT industry average.
Earnings and Revenue History
CSE Global's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CSE Global Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:544 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 369.98 20.13 75.61
2018-12-31 376.79 20.11 75.67
2018-09-30 393.41 -22.27 74.49
2018-06-30 386.59 -24.28 73.75
2018-03-31 379.99 -42.45 72.19
2017-12-31 362.35 -45.15 71.66
2017-09-30 323.92 -1.68 69.09
2017-06-30 319.33 -0.66 68.36
2017-03-31 308.08 18.68 68.66
2016-12-31 317.77 21.19 69.23
2016-09-30 338.22 23.62 73.91
2016-06-30 360.50 28.10 75.70
2016-03-31 395.34 30.06 75.58
2015-12-31 411.95 31.19 75.36
2015-09-30 428.89 33.52 77.27
2015-06-30 433.76 33.66 75.86
2015-03-31 424.39 32.41 74.99
2014-12-31 416.75 33.31 73.68
2014-09-30 430.08 1.92 71.58
2014-06-30 419.46 0.02 71.11
2014-03-31 412.62 2.34 70.44
2013-12-31 416.04 3.39 69.38
2013-09-30 326.04 18.54 56.56
2013-06-30 358.85 22.58 58.19
2013-03-31 410.12 25.16 59.87
2012-12-31 448.24 28.80 65.98
2012-09-30 549.74 43.56 89.39
2012-06-30 531.88 45.44 92.99

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CSE Global has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CSE Global used its assets less efficiently than the Asia IT industry average last year based on Return on Assets.
  • CSE Global's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CSE Global's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CSE Global has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

544 Health

 How is CSE Global's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CSE Global's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CSE Global is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CSE Global's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CSE Global's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CSE Global Company Filings, last reported 1 month ago.

SGX:544 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 173.00 44.68 65.25
2018-12-31 172.33 36.15 74.05
2018-09-30 165.48 21.75 56.14
2018-06-30 176.76 33.20 54.13
2018-03-31 173.83 38.13 43.17
2017-12-31 175.75 31.41 46.91
2017-09-30 220.05 26.82 47.41
2017-06-30 228.27 18.72 53.90
2017-03-31 251.62 20.07 75.82
2016-12-31 254.85 20.61 90.78
2016-09-30 237.58 18.38 71.21
2016-06-30 237.59 15.05 64.03
2016-03-31 242.27 19.05 76.27
2015-12-31 245.81 55.62 109.72
2015-09-30 237.49 58.09 66.17
2015-06-30 225.93 52.56 59.51
2015-03-31 235.94 44.34 67.04
2014-12-31 217.61 43.88 66.89
2014-09-30 202.94 41.73 53.44
2014-06-30 198.99 35.33 46.21
2014-03-31 209.44 19.86 63.79
2013-12-31 198.97 3.07 186.59
2013-09-30 252.52 98.69 80.90
2013-06-30 245.30 106.39 90.92
2013-03-31 246.67 113.03 80.86
2012-12-31 232.72 119.19 74.20
2012-09-30 220.82 123.67 60.81
2012-06-30 223.12 127.79 70.41
  • CSE Global's level of debt (25.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (9.6% vs 25.8% today).
  • Debt is well covered by operating cash flow (133.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 32.9x coverage).
X
Financial health checks
We assess CSE Global's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CSE Global has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

544 Dividends

 What is CSE Global's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.67%
Current annual income from CSE Global dividends. Estimated to be 5.94% next year.
If you bought SGD2,000 of CSE Global shares you are expected to receive SGD113 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CSE Global's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.57%).
  • CSE Global's dividend is below the markets top 25% of dividend payers in Singapore (5.75%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:544 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Asia IT Industry Average Dividend Yield Market Cap Weighted Average of 54 Stocks 1.6%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 276 Stocks 4%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.6%
Singapore Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:544 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.03 1.00
2020-12-31 0.03 2.00
2019-12-31 0.03 2.00
SGX:544 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-04-01 0.028 5.381
2019-02-20 0.028 5.315
2018-04-02 0.023 5.141
2018-02-23 0.023 5.823
2017-04-04 0.030 7.633
2017-02-23 0.030 5.808
2016-11-09 0.025 5.570
2016-08-10 0.025 5.896
2016-04-04 0.025 5.626
2015-03-30 0.028 5.447
2014-08-11 0.033 5.194
2014-04-01 0.035 5.700
2014-02-28 0.035 5.771
2013-08-21 0.043 5.189
2013-02-26 0.055 6.525
2012-11-12 0.030 3.690
2012-08-13 0.030 3.464
2012-02-27 0.020 2.476
2011-02-21 0.040 4.068
2010-02-25 0.035 3.334
2009-11-23 0.000 0.000
2009-11-13 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CSE Global has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • CSE Global has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of CSE Global's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess CSE Global's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CSE Global afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CSE Global has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

544 Management

 What is the CEO of CSE Global's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Boon Lim
COMPENSATION SGD889,000
AGE 51
TENURE AS CEO 5.5 years
CEO Bio

Mr. Boon Kheng Lim has been the Group Managing Director and Chief Executive Officer of CSE Global Limited since November 28, 2013. Mr. Lim serves as a Managing Director at CSE Global (Asia) Limited. He served as the Group Chief Financial Officer of CSE Global Ltd. His responsibilities include finance and accounting, merger and acquisition and also corporate restructuring. He began his career in 1990 as an Accountant with ULC Systems (FE) Pte Ltd. Mr. Lim then joined Singapore Technologies Pte Ltd in 1991 as an Accountant and later was promoted to various positions. He left EBworx BHD in 1999 and joined CSE as Group Financial Controller. He has been Executive Director of CSE Global Ltd. since August 13, 2013. He served as a Non Independent & Non Executive Director of eBworx Bhd since April 10, 2008 and also its Non-Executive Director since June 12, 2003. Mr. Lim was graduated with a Bachelor of Accountancy degree from the National University of Singapore in 1990.

CEO Compensation
  • Boon's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Boon's remuneration is lower than average for companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the CSE Global management team in years:

4.8
Average Tenure
51
Average Age
  • The tenure for the CSE Global management team is about average.
Management Team

Boon Lim

TITLE
CEO, Group MD & Executive Director
COMPENSATION
SGD889K
AGE
51
TENURE
5.5 yrs

Eddie Foo

TITLE
Chief Financial Officer
AGE
46
TENURE
5.1 yrs

Leong Haur

TITLE
Chief Operating Officer
AGE
58

Neal Oswald

TITLE
Chief Operating Officer
TENURE
0.8 yrs

Roy Rowe

TITLE
Chief Executive Officer of CSE Global's Australian & New Zealand Operations
AGE
60
TENURE
8.3 yrs

Donnie Smith

TITLE
President & COO of CSE W-Industries of Louisiana and CEO of CSE Americas Inc
AGE
45
TENURE
4.5 yrs

Victor Lai

TITLE
Company Secretary
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the CSE Global board of directors in years:

4.5
Average Tenure
62
Average Age
  • The tenure for the CSE Global board of directors is about average.
Board of Directors

Ming Seong Lim

TITLE
Chairman
COMPENSATION
SGD92K
AGE
71
TENURE
22.3 yrs

Boon Lim

TITLE
CEO, Group MD & Executive Director
COMPENSATION
SGD889K
AGE
51
TENURE
5.8 yrs

Mohd Abdul Bin Abdullah

TITLE
Deputy Chairman
AGE
53
TENURE
1 yrs

Chian Khong Tan

TITLE
Independent Non-Executive Director
AGE
62
TENURE
0.3 yrs

Boon Ann Sin

TITLE
Independent Non-Executive Director
COMPENSATION
SGD41K
AGE
60
TENURE
17 yrs

Kwok Lam

TITLE
Independent Non-Executive Director
COMPENSATION
SGD52K
AGE
63
TENURE
9 yrs

Hien Tan

TITLE
Independent Non-Executive Director
COMPENSATION
SGD67K
AGE
70
TENURE
4.5 yrs

Tony Lee

TITLE
Independent Director
AGE
70
TENURE
2.3 yrs

Syed Bin Syed Faisal

TITLE
Non-Executive Non-Independent Director
AGE
38
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
16. Oct 18 Sell Edgbaston Investment Partners LLP Company 12. Oct 18 12. Oct 18 -1,429,900 SGD0.46 SGD-650,889
14. Sep 18 Buy Mohd Abdul Bin Abdullah Individual 12. Sep 18 12. Sep 18 2,000,000 SGD0.45 SGD894,682
X
Management checks
We assess CSE Global's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CSE Global has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

544 News

Simply Wall St News

CSE Global Limited (SGX:544): 3 Days To Buy Before The Ex-Dividend Date

Investors who want to cash in on CSE Global Limited's (SGX:544) upcoming dividend of S$0.015 per share have only 3 days left to buy the shares before its ex-dividend date, 02 May 2019, in time for dividends payable on the 17 May 2019. … Below, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … 5 checks you should use to assess a dividend stock?

Simply Wall St -

With A Return On Equity Of 11%, Has CSE Global Limited's (SGX:544) Management Done Well?

Our data shows CSE Global has a return on equity of 11% for the last year. … One way to conceptualize this, is that for each SGD1 of shareholders' equity it has, the company made SGD0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should You Know About CSE Global Limited's (SGX:544) Growth?

The latest earnings update CSE Global Limited (SGX:544) released in December 2018 … negative earnings

Simply Wall St -

Do Institutions Own CSE Global Limited (SGX:544) Shares?

The big shareholder groups in CSE Global Limited (SGX:544) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … CSE Global is not a large company by global standards.

Simply Wall St -

Should You Buy CSE Global Limited (SGX:544) For Its Dividend?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, CSE Global Limited (SGX:544) has been paying a dividend to shareholders. … 5 questions I ask before picking a dividend stock

Simply Wall St -

Does CSE Global Limited's (SGX:544) CEO Salary Reflect Performance?

In 2013 Boon Lim was appointed CEO of CSE Global Limited (SGX:544). … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Boon Lim's Compensation Compare With Similar Sized Companies?

Simply Wall St -

An Intrinsic Calculation For CSE Global Limited (SGX:544) Shows It's 48.55% Undervalued

In this article I am going to calculate the intrinsic value of CSE Global Limited (SGX:544). … by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Can We See Significant Insider Ownership On The CSE Global Limited (SGX:544) Share Register?

The big shareholder groups in CSE Global Limited (SGX:544) have power over the company. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … CSE Global is not a large company by global standards.

Simply Wall St -

Is CSE Global Limited's (SGX:544) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as CSE Global Limited (SGX:544) with its market cap of S$216m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

What Do You Get For Owning CSE Global Limited (SGX:544)?

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently CSE Global is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

544 Company Info

Description

CSE Global Limited, an investment holding company, provides integrated industrial automation, information technology, and intelligent transport solutions in the Asia Pacific, the Americas, Europe, and the Middle East. The company offers automation solutions, including process control, safety shutdown, fire and gas detection, supervisory control and data acquisition (SCADA), wellhead and subsea control, process skid, electrical drive and high/medium voltage, electrical protection and control, real-time information, and intelligent transport systems, as well as I&E construction and safe secure solutions. It also provides environmental solutions comprising multiple hearth furnaces, fluid bed incinerators, carbon and energy recovery systems, and rotary kiln incinerators. In addition, the company offers telecommunication solutions, including construction communications, fiber optic, microwave radio, conventional and trunked radio, and public address and general alarm systems; VSAT satellite communications, telephone, local and wide area, Internet protocol based, and SCADA and telemetry networks; and CCTV, access control, and FIDS systems. Further, it provides computer network systems; computer systems integration; computer systems; e-business integration, research and development, and system integration services; safety system and automation hardware products; infrastructure engineering services; data telecommunications and marine survey certification services; and plant and environmental engineering services. Additionally, the company distributes electrical engineering equipment; designs and installs high temperature thermal process and incineration systems; and designs and develops water treatment and disposal technology for the oil and gas markets. It serves customers in the oil and gas, petrochemical, utilities, public infrastructure, environmental, and healthcare industries. The company was founded in 1985 and is headquartered in Singapore.

Details
Name: CSE Global Limited
544
Exchange: SGX
Founded: 1985
SGD248,895,672
507,950,352
Website: http://www.cse-global.com
Address: CSE Global Limited
Building C,
No. 01-21, 202 Bedok South Avenue 1,
Singapore,
469332,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX 544 Ordinary Shares Singapore Exchange SG SGD 10. Mar 1999
OTCPK CSYJ.F Ordinary Shares Pink Sheets LLC US USD 10. Mar 1999
DB XCC Ordinary Shares Deutsche Boerse AG DE EUR 10. Mar 1999
OTCPK CSYJ.Y UNSPONSORD ADR Pink Sheets LLC US USD 09. Feb 2011
Number of employees
Current staff
Staff numbers
1,100
CSE Global employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 12:36
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/08
Last earnings filing: 2019/05/06
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.