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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.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
CSE Global Limited is a small-cap industrial engineering and services company that provides automation, asset monitoring and specialist technical services to infrastructure, transport and resources clients. Long-term growth may be supported by industrial digitization, ongoing maintenance spending and geographic expansion that could increase recurring service revenue. Investors may find the firm attractive for its niche technical expertise and potential exposure to structural spending on critical assets.
Material risks include limited public disclosure and low liquidity as a PINK-listed company, dependence on winning and executing large contracts, and sensitivity to macroeconomic and sectoral capital spending.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 35.70M | 35.68M | 22.40M | 8.30M | 19.63M |
| Minority interest | -0.04M | -0.10M | 0.06M | -0.04M | -0.05M |
| Net income | 29.14M | 26.34M | 17.06M | 4.77M | 15.00M |
| Selling general administrative | 206.04M | 168.94M | 108.71M | 132.64M | 110.60M |
| Selling and marketing expenses | - | 11.34M | 7.08M | - | - |
| Gross profit | 203.56M | 241.16M | 151.38M | 146.18M | 135.88M |
| Reconciled depreciation | 28.91M | 27.71M | 23.94M | 19.82M | 20.48M |
| Ebit | 43.43M | 44.66M | 30.47M | 8.14M | 20.01M |
| Ebitda | 65.90M | 72.36M | 48.60M | 34.02M | 43.28M |
| Depreciation and amortization | 22.47M | 27.71M | 18.13M | - | - |
| Operating income | 43.43M | 54.21M | 35.65M | 8.14M | 20.14M |
| Other operating expenses | 709.62M | 806.97M | 513.50M | 5.40M | 5.27M |
| Interest expense | 6.90M | 8.97M | 8.07M | 5.89M | 3.16M |
| Tax provision | 8.40M | 9.24M | 7.09M | 3.49M | 4.58M |
| Interest income | 0.26M | 0.61M | 0.36M | 0.22M | 0.24M |
| Net interest income | -8.62M | -8.36M | -10.29M | -5.67M | -2.92M |
| Income tax expense | 6.53M | 9.24M | 5.37M | 3.49M | 4.58M |
| Total revenue | 753.04M | 861.17M | 549.15M | 557.70M | 468.66M |
| Total operating expenses | 160.13M | 186.95M | 115.73M | 549.56M | 448.52M |
| Cost of revenue | 549.49M | 620.01M | 397.78M | 411.51M | 332.78M |
| Total other income expense net | -7.73M | -18.52M | -13.25M | - | - |
| Net income from continuing ops | 37.53M | 26.45M | 22.46M | 4.81M | 15.05M |
| Net income applicable to common shares | - | - | - | 4.77M | 15.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 588.76M | 632.63M | 453.20M | 493.66M | 397.51M |
| Intangible assets | 8.76M | 16.99M | 16.33M | 16.04M | 11.08M |
| Other current assets | 8.87M | 35.17M | 9.84M | - | 2.10M |
| Total liab | 374.61M | 376.60M | 289.54M | 281.36M | 205.51M |
| Total stockholder equity | 214.09M | 255.99M | 163.71M | 212.30M | 192.04M |
| Deferred long term liab | - | - | - | 0.37M | - |
| Other current liab | 1.90M | 166.80M | 74.85M | 44.46M | 23.92M |
| Common stock | 136.14M | 166.39M | 99.95M | 131.90M | 98.54M |
| Capital stock | 175.17M | 166.39M | 131.90M | 131.90M | 98.54M |
| Retained earnings | - | - | 77.77M | 97.02M | 106.34M |
| Other liab | - | - | - | 4.81M | 3.54M |
| Good will | 75.27M | 90.43M | 77.11M | 64.78M | 47.44M |
| Other assets | - | - | -145.16M | 3.79M | 3.56M |
| Cash | 35.89M | 57.40M | 29.26M | 24.15M | 45.52M |
| Total current liabilities | 331.40M | 332.90M | 253.64M | 222.54M | 136.24M |
| Current deferred revenue | 24.60M | - | 73.24M | - | - |
| Net debt | 204.81M | 97.24M | 78.64M | 82.27M | 49.86M |
| Short term debt | 167.90M | 119.09M | 104.31M | - | - |
| Short long term debt | 205.20M | 108.87M | 95.93M | 68.74M | 47.89M |
| Short long term debt total | 240.70M | 154.64M | 108.52M | - | - |
| Other stockholder equity | 109.55M | 89.60M | -1.33M | -14.71M | -10.93M |
| Property plant equipment | - | - | - | 83.28M | 83.65M |
| Total current assets | 392.48M | 439.74M | 303.85M | 325.95M | 250.28M |
| Net tangible assets | - | - | - | 133.24M | 133.52M |
| Short term investments | - | 0.81M | 0.60M | - | - |
| Net receivables | 275.62M | 288.45M | 210.51M | 232.13M | 169.19M |
| Long term debt | 4.00M | 20.60M | 19.50M | 37.68M | 47.49M |
| Inventory | 72.10M | 58.72M | 53.62M | 52.02M | 29.27M |
| Accounts payable | 136.99M | 47.01M | 69.53M | 99.39M | 57.44M |
| Accumulated other comprehensive income | -31.60M | - | 65.14M | - | - |
| Non currrent assets other | 18.28M | 0.08M | 0.09M | - | - |
| Non current assets total | 196.28M | 192.89M | 197.39M | 167.71M | 147.24M |
| Capital lease obligations | 55.67M | 25.16M | 27.77M | 21.68M | 23.57M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -33.28M | -24.39M | 1.22M | 1.22M |
| Change to liabilities | - | - | - | 38.40M | -8.13M |
| Total cashflows from investing activities | -0.19M | -33.28M | -25.32M | -45.72M | -15.50M |
| Net borrowings | 81.44M | 14.62M | 8.21M | 5.78M | -2.55M |
| Total cash from financing activities | 44.57M | 19.31M | -12.75M | 25.05M | -17.96M |
| Net income | 29.14M | 35.68M | 29.56M | 4.77M | 15.00M |
| Change in cash | -5.32M | 19.02M | 4.32M | -21.38M | -3.87M |
| Begin period cash flow | 41.21M | 38.38M | 24.94M | 45.52M | 52.52M |
| End period cash flow | 35.89M | 57.40M | 29.26M | 34.21M | 46.51M |
| Total cash from operating activities | -52.24M | 33.10M | 42.33M | 0.01M | 29.38M |
| Issuance of capital stock | 0.00M | 23.21M | 0.00M | 33.36M | - |
| Depreciation | 22.47M | 27.71M | 23.94M | 19.64M | 20.48M |
| Other cashflows from investing activities | - | 2.80M | 8.54M | -9.19M | 2.15M |
| Dividends paid | 5.83M | 7.55M | 12.81M | 14.09M | 14.09M |
| Change to inventory | - | - | -0.00M | - | -10.49M |
| Change to account receivables | -8.30M | -15.01M | -11.77M | -59.62M | 1.54M |
| Sale purchase of stock | -2.28M | 0.00M | - | 0.00M | -1.37M |
| Other cashflows from financing activities | -11.12M | -10.97M | -6.16M | - | 0.05M |
| Change to netincome | - | - | - | -3.36M | 0.49M |
| Capital expenditures | 22.17M | 20.79M | 14.25M | 15.46M | 9.83M |
| Change in working capital | -101.33M | -24.30M | 4.35M | -21.22M | -6.60M |
| Stock based compensation | - | - | 1.04M | - | - |
| Other non cash items | -2.52M | -5.99M | -15.50M | 5.28M | 2.67M |
| Free cash flow | -74.41M | 12.31M | 28.09M | -16.01M | 19.08M |
Sector: Technology Industry: Information Technology Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| IBM International Business Machines |
-7.33 2.90% |
245.18 | 22.06 | 18.73 | 3.39 | 6.81 | 4.22 | 16.61 |
| ACN Accenture plc |
-12.25 4.69% |
248.69 | 16.00 | 14.29 | 1.66 | 3.84 | 1.65 | 9.80 |
| INFY Infosys Ltd ADR |
-0.02 0.16% |
12.53 | 25.55 | 22.78 | 4.20 | 8.01 | 4.10 | 15.87 |
| FJTSF Fujitsu Limited |
-2.31 9.57% |
21.82 | 21.97 | 14.84 | 0.01 | 3.44 | 1.86 | 11.66 |
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.
| Name | Title | Year Born |
|---|---|---|
| Mr. Boon Kheng Lim | CEO, Group MD & Exec. Director | 1967 |
| Mr. Toon Ee Foo | Group Chief Financial Officer | 1972 |
| Mr. Leong Say Haur | Chief Operating Officer | 1960 |
| Neal Oswald | Chief Operating Officer | NA |
| Mr. Roy Rowe | Chief Exec. Officer of CSE Global's Australian & New Zealand Operations | 1958 |
| Mr. Donnie Smith | Pres & COO of CSE W-Industries of Louisiana and CEO of CSE Americas Inc | 1973 |
| Mr. Chang Hong Leong | Company Sec. | NA |
| Mr. Boon Kheng Lim | CEO, Group MD & Executive Director | 1967 |
| Mr. Toon Ee Foo CPA | Group Chief Financial Officer | 1972 |
| Mr. Roy Rowe | Chief Executive Officer of CSE Global's Australian & New Zealand Operations | 1958 |
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