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JE Cleantech Holdings Limited (JCSE) 10-Year Financial Performance & Capital Metrics

JCSE • • Industrial / General
IndustrialsIndustrial MachineryFood Processing & Commercial EquipmentCommercial Kitchen Equipment
AboutJE Cleantech Holdings Limited, an investment holding company, designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications in Singapore, Malaysia, and internationally. It provides various cleaning systems and other equipment, including aqueous washing systems, plating and cleaning systems, train cleaning systems, and filtration units. The company also offers centralized dishwashing services for food and beverage establishments, such as food courts, hawker centers, cookhouses, eldercare homes, and hospitals, as well as general cleaning services for food courts. In addition, it leases dishware washing equipment. The company was founded in 1999 and is headquartered in Singapore. JE Cleantech Holdings Limited is a subsidiary of JE Cleantech Global Limited.Show more
  • Revenue $19M +6.9%
  • EBITDA $950K -44.5%
  • Net Income $32K -93.8%
  • EPS (Diluted) 0.01 -93.7%
  • Gross Margin 26.94% +11.3%
  • EBITDA Margin 4.93% -48.1%
  • Operating Margin -0.16% -102.8%
  • Net Margin 0.17% -94.2%
  • ROE 0.19% -93.9%
  • ROIC -0.11% -103.0%
  • Debt/Equity 0.61 +6.7%
  • Interest Coverage -0.06 -102.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 92 (top 8%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading at only 0.5x book value

✗Weaknesses

  • ✗Profits declining 37.7% over 5 years
  • ✗Dividend payout exceeds 100% of earnings
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y1.14%
3Y9.3%
TTM20.53%

Profit (Net Income) CAGR

10Y-
5Y-37.74%
3Y-19.79%
TTM-59.25%

EPS CAGR

10Y-
5Y-22.68%
3Y15.39%
TTM-44.78%

ROCE

10Y Avg8.83%
5Y Avg8.48%
3Y Avg5.35%
Latest-0.13%

Peer Comparison

Commercial Kitchen Equipment
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Size & Scale
Valuation
Per Share
Growth
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
JCSEJE Cleantech Holdings Limited8.36M1.59252.386.92%1.48%3.34%9.56%0.61
MIDDThe Middleby Corporation7.5B148.8518.84-4%-5.21%-6.89%8.5%0.69
LBGJLi Bang International Corporation Inc. Ordinary Shares2.4M0.72-9.78-22.92%-12.61%-35.16%2.53

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+18.22M21.4M14.76M18.63M18.03M19.28M
Revenue Growth %-0.17%-0.31%0.26%-0.03%0.07%
Cost of Goods Sold+13.27M15.49M12.42M13.5M13.67M14.09M
COGS % of Revenue0.73%0.72%0.84%0.72%0.76%0.73%
Gross Profit+4.95M5.9M2.35M5.13M4.37M5.19M
Gross Margin %0.27%0.28%0.16%0.28%0.24%0.27%
Gross Profit Growth %-0.19%-0.6%1.18%-0.15%0.19%
Operating Expenses+2.13M2.37M1.86M3.05M3.36M5.22M
OpEx % of Revenue0.12%0.11%0.13%0.16%0.19%0.27%
Selling, General & Admin2.24M2.03M1.91M2.96M3.19M5.01M
SG&A % of Revenue0.12%0.09%0.13%0.16%0.18%0.26%
Research & Development000000
R&D % of Revenue------
Other Operating Expenses-109K339K-49K99K0209K
Operating Income+1.14M2.82M188K1.76M1.01M-30K
Operating Margin %0.06%0.13%0.01%0.09%0.06%-0%
Operating Income Growth %-1.47%-0.93%8.38%-0.43%-1.03%
EBITDA+2.12M3.59M802K2.44M1.71M950K
EBITDA Margin %0.12%0.17%0.05%0.13%0.09%0.05%
EBITDA Growth %-0.7%-0.78%2.04%-0.3%-0.45%
D&A (Non-Cash Add-back)972K769K614K672K702K980K
EBIT1.04M2.67M219K1.76M1.14M798K
Net Interest Income+-475K-348K-239K-372K-360K-340K
Interest Income458K320K217K336K151K194K
Interest Expense458K320K217K336K511K516K
Other Income/Expense-559K-474K-57K-337K-380K312K
Pretax Income+584K2.35M2K1.43M630K282K
Pretax Margin %0.03%0.11%0%0.08%0.03%0.01%
Income Tax+242K618K0235K111K250K
Effective Tax Rate %0.59%0.74%31%0.84%0.82%0.11%
Net Income+342K1.73M62K1.19M519K32K
Net Margin %0.02%0.08%0%0.06%0.03%0%
Net Income Growth %-4.05%-0.96%18.23%-0.56%-0.94%
Net Income (Continuing)342K1.73M2K1.19M519K32K
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+0.020.120.000.080.100.01
EPS Growth %-4.26%-0.97%-0.18%-0.94%
EPS (Basic)0.020.120.000.080.100.01
Diluted Shares Outstanding15M15M15M14.1M5.01M5.1M
Basic Shares Outstanding15M15M15M14.1M5.01M5.1M
Dividend Payout Ratio4.39%-46.77%--20.09%

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+9M11.49M7.73M26.34M26.66M25.68M
Cash & Short-Term Investments843K550K1.11M6.56M5.14M5.74M
Cash Only843K550K1.11M6.56M5.09M5.74M
Short-Term Investments000047K0
Accounts Receivable4.84M9.23M3.22M5.63M4.78M4.49M
Days Sales Outstanding96.94157.4579.61110.496.6584.97
Inventory3.1M1.38M2.56M11.89M14.07M12.64M
Days Inventory Outstanding85.232.5175.17321.45375.87327.66
Other Current Assets-79K-79K02.25M2.67M2.81M
Total Non-Current Assets+10.09M10.28M10.71M9.13M8.83M9.43M
Property, Plant & Equipment9.21M8.91M8.98M8.82M8.52M5.69M
Fixed Asset Turnover1.98x2.40x1.64x2.11x2.12x3.39x
Goodwill000000
Intangible Assets000000
Long-Term Investments239K240K243K245K0506K
Other Non-Current Assets445K960K1.32M245K319K3.16M
Total Assets+19.09M21.76M18.44M35.47M35.49M35.11M
Asset Turnover0.95x0.98x0.80x0.53x0.51x0.55x
Asset Growth %-0.14%-0.15%0.92%0%-0.01%
Total Current Liabilities+8.29M9.62M9.45M13.8M13.76M10.07M
Accounts Payable1.76M2.44M1.92M1.78M1.4M605K
Days Payables Outstanding48.4757.4456.3348.1437.2915.68
Short-Term Debt5.87M5.65M6.98M6.2M4.24M1.33M
Deferred Revenue (Current)29K1000K364K1000K1000K1000K
Other Current Liabilities116K75K54K77K860K501K
Current Ratio1.09x1.19x0.82x1.91x1.94x2.55x
Quick Ratio0.71x1.05x0.55x1.05x0.91x1.29x
Cash Conversion Cycle133.67132.5298.45383.71435.24396.95
Total Non-Current Liabilities+6.63M6.2M5.97M5.38M5.02M8.55M
Long-Term Debt5.31M4.86M4.42M3.98M3.74M7.47M
Capital Lease Obligations1.19M1.15M1.4M1.41M1.28M986K
Deferred Tax Liabilities131K188K151K00100K
Other Non-Current Liabilities000000
Total Liabilities14.92M15.82M15.42M19.18M18.78M18.62M
Total Debt+12.47M11.78M12.95M11.86M9.56M10.07M
Net Debt11.63M11.22M11.85M5.3M4.47M4.33M
Debt / Equity2.99x1.98x4.29x0.73x0.57x0.61x
Debt / EBITDA5.90x3.28x16.15x4.87x5.59x10.60x
Net Debt / EBITDA5.50x3.13x14.77x2.18x2.61x4.56x
Interest Coverage2.50x8.81x0.87x5.25x1.98x-0.06x
Total Equity+4.16M5.95M3.02M16.28M16.71M16.49M
Equity Growth %-0.43%-0.49%4.39%0.03%-0.01%
Book Value per Share0.280.400.201.153.343.23
Total Shareholders' Equity4.16M5.95M3.02M16.28M16.71M16.49M
Common Stock16K16K16K20K20K21K
Retained Earnings586K2.31M-585K607K1.13M1.16M
Treasury Stock0000-18K-66K
Accumulated OCI-64K-10K-34K-32K-101K-128K
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+1.54M1.11M3.37M-5.24M1.38M2.05M
Operating CF Margin %0.08%0.05%0.23%-0.28%0.08%0.11%
Operating CF Growth %--0.28%2.03%-2.55%1.26%0.49%
Net Income342K1.73M2K1.19M519K32K
Depreciation & Amortization972K769K614K672K702K980K
Stock-Based Compensation00000466K
Deferred Taxes000000
Other Non-Cash Items44K62K-123K34K-11K99K
Working Capital Changes187K-1.44M2.88M-7.14M165K476K
Change in Receivables1.08M-4.55M5.54M-2.5M753K19K
Change in Inventory327K1.6M-1.18M-9.34M-2.18M1.43M
Change in Payables-1.22M1.51M-1.48M4.69M-757K-407K
Cash from Investing+-670K-280K-717K-797K-211K-1.5M
Capital Expenditures-615K-280K-788K-817K-211K-1.25M
CapEx % of Revenue0.03%0.01%0.05%0.04%0.01%0.06%
Acquisitions------
Investments------
Other Investing241K071K20K00
Cash from Financing+-1.26M-1.18M-2.08M11.49M-2.57M122K
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid-1.5M0-2.9M00-643K
Share Repurchases------
Other Financing-193K-417K-361K-2.35M-356K0
Net Change in Cash------
Free Cash Flow+930K834K2.58M-6.06M1.16M800K
FCF Margin %0.05%0.04%0.18%-0.33%0.06%0.04%
FCF Growth %--0.1%2.1%-3.34%1.19%-0.31%
FCF per Share0.060.060.17-0.430.230.16
FCF Conversion (FCF/Net Income)4.52x0.65x54.40x-4.40x2.65x64.16x
Interest Paid458K320K217K0511K516K
Taxes Paid46K62K531K0289K210K

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)8.21%34.17%1.38%12.35%3.15%0.19%
Return on Invested Capital (ROIC)5.43%12.83%0.88%7.26%3.54%-0.11%
Gross Margin27.17%27.59%15.9%27.52%24.21%26.94%
Net Margin1.88%8.07%0.42%6.4%2.88%0.17%
Debt / Equity2.99x1.98x4.29x0.73x0.57x0.61x
Interest Coverage2.50x8.81x0.87x5.25x1.98x-0.06x
FCF Conversion4.52x0.65x54.40x-4.40x2.65x64.16x
Revenue Growth-17.44%-31%26.19%-3.22%6.92%

Revenue by Segment

2021202220232024
Cleaning Systems---11.98M
Cleaning Systems Growth----
Dishware Washing Services---7.3M
Dishware Washing Services Growth----
Cleaning Systems and Other Equipment8.97M-10.99M-
Cleaning Systems and Other Equipment Growth----
Dishware Washing and General Cleaning Services5.64M6.88M6.71M-
Dishware Washing and General Cleaning Services Growth-22.05%-2.46%-
Dishware Washing Equipment153K309K331K-
Dishware Washing Equipment Growth-101.96%7.12%-
Cleaning Systems And Other Equipment-11.44M--
Cleaning Systems And Other Equipment Growth----

Revenue by Geography

2021202220232024
SINGAPORE-10.13M13.17M8.72M
SINGAPORE Growth--29.95%-33.75%
MALAYSIA4.88M4.26M1.02M7.28M
MALAYSIA Growth--12.57%-76.13%615.13%
Other Countries3.45M4.23M3.85M3.27M
Other Countries Growth-22.80%-9.17%-14.82%

Frequently Asked Questions

Valuation & Price

JE Cleantech Holdings Limited (JCSE) has a price-to-earnings (P/E) ratio of 252.4x. This suggests investors expect higher future growth.

Growth & Financials

JE Cleantech Holdings Limited (JCSE) reported $37.3M in revenue for fiscal year 2024. This represents a 105% increase from $18.2M in 2019.

JE Cleantech Holdings Limited (JCSE) grew revenue by 6.9% over the past year. This is steady growth.

Yes, JE Cleantech Holdings Limited (JCSE) is profitable, generating $0.6M in net income for fiscal year 2024 (0.2% net margin).

Dividend & Returns

Yes, JE Cleantech Holdings Limited (JCSE) pays a dividend with a yield of 7.93%. This makes it attractive for income-focused investors.

JE Cleantech Holdings Limited (JCSE) has a return on equity (ROE) of 0.2%. This is below average, suggesting room for improvement.

JE Cleantech Holdings Limited (JCSE) generated $2.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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