CSE Global Future Growth

Future criteria checks 3/6

CSE Global is forecast to grow earnings and revenue by 19% and 12.5% per annum respectively. EPS is expected to grow by 18% per annum. Return on equity is forecast to be 18.4% in 3 years.

Key information

19.0%

Earnings growth rate

18.05%

EPS growth rate

IT earnings growth	15.4%
Revenue growth rate	12.5%
Future return on equity	18.40%
Analyst coverage	Low
Last updated	26 Mar 2026

Recent future growth updates

Recent updates

Analysis Article • Jan 29

Estimating The Fair Value Of CSE Global Limited (SGX:544)

Key Insights CSE Global's estimated fair value is S$1.09 based on 2 Stage Free Cash Flow to Equity With S$1.15 share...

Analysis Article • Nov 12

CSE Global Limited's (SGX:544) P/E Is Still On The Mark Following 37% Share Price Bounce

CSE Global Limited ( SGX:544 ) shares have continued their recent momentum with a 37% gain in the last month alone. The...

Analysis Article • Oct 24

CSE Global Limited (SGX:544) Shares Could Be 39% Below Their Intrinsic Value Estimate

Key Insights CSE Global's estimated fair value is S$1.26 based on 2 Stage Free Cash Flow to Equity CSE Global's S$0.78...

Analysis Article • Apr 14

Increases to CEO Compensation Might Be Put On Hold For Now at CSE Global Limited (SGX:544)

Key Insights CSE Global will host its Annual General Meeting on 21st of April Total pay for CEO Boon Kheng Lim includes...

Analysis Article • Apr 07

Earnings and Revenue Growth Forecasts

SGX:544 - Analysts future estimates and past financials data (SGD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2028	1,415	68	70	81	5
12/31/2027	1,251	59	64	73	5
12/31/2026	1,109	49	75	68	5
12/31/2025	969	37	-96	-67	N/A
9/30/2025	921	33	-61	-39	N/A
6/30/2025	873	28	-26	-10	N/A
3/31/2025	867	27	-7	11	N/A
12/31/2024	861	26	12	33	N/A
9/30/2024	833	26	32	53	N/A
6/30/2024	805	27	51	73	N/A
3/31/2024	765	25	44	64	N/A
12/31/2023	725	23	37	56	N/A
9/30/2023	685	17	9	25	N/A
6/30/2023	645	11	-20	-5	N/A
3/31/2023	601	8	-18	-3	N/A
12/31/2022	558	5	-16	0	N/A
9/30/2022	527	7	-4	11	N/A
6/30/2022	496	9	9	23	N/A
3/31/2022	483	12	14	26	N/A
12/31/2021	469	15	19	29	N/A
9/30/2021	475	19	14	24	N/A
6/30/2021	482	23	9	19	N/A
3/31/2021	492	25	19	30	N/A
12/31/2020	503	28	29	40	N/A
9/30/2020	536	30	24	35	N/A
6/30/2020	524	28	27	41	N/A
3/31/2020	494	26	9	23	N/A
12/31/2019	452	24	-2	12	N/A
9/30/2019	394	22	N/A	18	N/A
6/30/2019	374	22	N/A	33	N/A
3/31/2019	370	20	N/A	59	N/A
12/31/2018	373	22	N/A	47	N/A
9/30/2018	391	-21	N/A	40	N/A
6/30/2018	385	-24	N/A	4	N/A
3/31/2018	380	-42	N/A	-32	N/A
12/31/2017	362	-45	N/A	-23	N/A
9/30/2017	324	-2	N/A	-20	N/A
6/30/2017	319	-1	N/A	7	N/A
3/31/2017	308	19	N/A	40	N/A
12/31/2016	318	21	N/A	58	N/A
9/30/2016	338	24	N/A	104	N/A
6/30/2016	360	28	N/A	100	N/A
3/31/2016	395	30	N/A	64	N/A
12/31/2015	412	31	N/A	43	N/A
9/30/2015	429	34	N/A	10	N/A
6/30/2015	434	34	N/A	8	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 544's forecast earnings growth (19% per year) is above the savings rate (2.6%).

Earnings vs Market: 544's earnings (19% per year) are forecast to grow faster than the SG market (5.6% per year).

High Growth Earnings: 544's earnings are forecast to grow, but not significantly.

Revenue vs Market: 544's revenue (12.5% per year) is forecast to grow faster than the SG market (5.1% per year).

High Growth Revenue: 544's revenue (12.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 544's Return on Equity is forecast to be low in 3 years time (18.4%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/07 10:40
End of Day Share Price	2026/05/07 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

CSE Global Limited is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jie Hui Tan	CGS International
Horng Han Low	Citigroup Inc
Kai Jie Tang	KGI Securities Co. Ltd.

CSE Global Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 9.3% to S$1.36

Price target increased by 11% to S$1.31

Price target increased by 9.5% to S$0.83

Price target increased by 11% to S$0.80

Price target increased by 7.5% to S$0.69

Consensus EPS estimates increase by 11%

Recent updates

Investor sentiment improves as stock rises 17%

CSE Global Limited to Report Q1, 2026 Results on May 14, 2026

Upcoming dividend of S$0.015 per share

Price target increased by 9.3% to S$1.36

Final dividend increased to S$0.015

CSE Global Limited Proposes Final Tax-Exempt Dividend for the Financial Year Ended 31 December 2025, Payable On or about 19 June 2026

Price target increased by 11% to S$1.31

Full year 2025 earnings: EPS and revenues exceed analyst expectations

CSE Global Limited, Annual General Meeting, Apr 27, 2026

Now 24% overvalued after recent price rise

CSE Global Limited to Report Fiscal Year 2025 Results on Feb 26, 2026

Estimating The Fair Value Of CSE Global Limited (SGX:544)

Now 21% overvalued after recent price rise

CSE Global Limited's (SGX:544) P/E Is Still On The Mark Following 37% Share Price Bounce

Now 33% overvalued after recent price rise

CSE Global Limited to Report Q3, 2025 Results on Nov 19, 2025

Price target increased by 9.5% to S$0.83

CSE Global Limited (SGX:544) Shares Could Be 39% Below Their Intrinsic Value Estimate

Price target increased by 11% to S$0.80

First half dividend reduced to S$0.011

Price target increased by 7.5% to S$0.69

CSE Global Limited to Report First Half, 2025 Results on Aug 13, 2025

CSE Global Limited Announces Appointment of Ravinder Singh as Non-Executive Non-Independent Director, Effective July 1, 2025

CSE Global Limited Announces Board and Committee Changes

CSE Global Limited to Report Q1, 2025 Results on May 14, 2025

Upcoming dividend of S$0.011 per share

Increases to CEO Compensation Might Be Put On Hold For Now at CSE Global Limited (SGX:544)

Returns Are Gaining Momentum At CSE Global (SGX:544)

Full year 2024 earnings: EPS exceeds analyst expectations

Consensus EPS estimates increase by 11%

Solid Earnings May Not Tell The Whole Story For CSE Global (SGX:544)

New major risk - Dividend sustainability

CSE Global Limited, Annual General Meeting, Apr 21, 2025

CSE Global Limited Announces Company Secretary Changes

CSE Global Limited to Report Fiscal Year 2024 Results on Feb 26, 2025

CSE Global (SGX:544) Hasn't Managed To Accelerate Its Returns

Market Participants Recognise CSE Global Limited's (SGX:544) Earnings

First half 2024 earnings released: EPS: S$0.023 (vs S$0.018 in 1H 2023)

CSE Global (SGX:544) Will Pay A Dividend Of SGD0.0125

First half dividend of S$0.013 announced

CSE Global Limited Approves Final (One-Tier Tax Exempt) Dividend for the Year Ended 31 December 2023

CSE Global Limited to Report Q1, 2024 Results on May 09, 2024

CSE Global Limited Announces Board and Committee Resignations

CSE Global (SGX:544) Is Due To Pay A Dividend Of SGD0.015

CSE Global's (SGX:544) Earnings Are Weaker Than They Seem

Final dividend of S$0.015 announced

Full year 2023 earnings: EPS and revenues exceed analyst expectations

CSE Global (SGX:544) Has Affirmed Its Dividend Of SGD0.015

CSE Global Limited, Annual General Meeting, Apr 29, 2024

New minor risk - Shareholder dilution

CSE Global (SGX:544) Will Pay A Dividend Of SGD0.015

CSE Global Limited has filed a Follow-on Equity Offering.

CSE Global (SGX:544) Is Due To Pay A Dividend Of SGD0.015

Full year 2023 earnings released: EPS: S$0.037 (vs S$0.009 in FY 2022)

CSE Global Limited to Report Fiscal Year 2023 Results on Feb 27, 2024

CEO, Group MD & Executive Director recently bought S$1.1m worth of stock

CSE Global Limited to Report Q3, 2023 Results on Nov 09, 2023

CEO, Group MD & Executive Director recently bought S$235k worth of stock

CEO, Group MD & Executive Director recently bought S$158k worth of stock

Consensus EPS estimates increase by 11%

CSE Global's (SGX:544) Dividend Will Be SGD0.0125

First half 2023 earnings released: EPS: S$0.018 (vs S$0.009 in 1H 2022)

New major risk - Financial position

Insufficient new directors

Consensus EPS estimates increase by 10%

CSE Global Limited to Report First Half, 2023 Results on Aug 10, 2023

Does CSE Global (SGX:544) Have A Healthy Balance Sheet?

CSE Global Limited (SGX:544) acquired 50% stake in GRID Communications Pte Ltd. from Singapore Telecommunications Limited (SGX:Z74) for SGD 1.4 million.

CSE Global Limited to Report Q1, 2023 Results on May 12, 2023