JE Cleantech Holdings Limited(JCSE)Earnings, Financials & Key Ratios
JCSE•NASDAQ
$1.09
$13M mkt cap·219.3× P/E·Price updated May 7, 2026
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 Margin26.94%+11.3%
- EBITDA Margin4.93%-48.1%
- Operating Margin-0.16%-102.8%
- Net Margin0.17%-94.2%
- ROE0.19%-93.9%
- ROIC-0.11%-103.0%
- Debt/Equity0.61+6.7%
- Interest Coverage-0.06-102.9%
JCSE Key Insights
JE Cleantech Holdings Limited (JCSE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Trading at only 0.4x 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.
JCSE Price & Volume
JE Cleantech Holdings Limited (JCSE) stock price & volume — 10-year historical chart
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JCSE Growth Metrics
JE Cleantech Holdings Limited (JCSE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years1.14%
3 Years9.3%
TTM20.53%
Profit CAGR
10 Years-
5 Years-37.74%
3 Years-19.79%
TTM-59.25%
EPS CAGR
10 Years-
5 Years-22.68%
3 Years15.39%
TTM-44.78%
Return on Capital
10 Years8.83%
5 Years8.48%
3 Years5.35%
Last Year-0.13%
JCSE Peer Comparison
JE Cleantech Holdings Limited (JCSE) competitors in Filtration and separation systems — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CLWT | 9.52M | 1.25 | 13.16 | -14.25% | 7.69% | 16.2% | 0.01 | |
 PESI | 207.18M | 11.17 | -14.89 | 4.33% | -30.06% | -34.48% | 0.09 | |
 CWCO | 529.06M | 33.18 | -1.41% | 13.88% | 0% | 0.00 | ||
 MSEX | 955.27M | 51.41 | 21.78 | 1.47% | 22.07% | 9.07% | 0.85 | |
 YORW | 420.55M | 29.18 | 20.99 | 3.37% | 8.89% | 0.97 | ||
 ARTNA | 325.97M | 31.68 | 14.33 | 4.62% | 20.21% | 9.26% | 0.73 | |
 XYL | 27.49B | 115.64 | 29.50 | 5.52% | 10.7% | 8.51% | 0.17 | |
 PNR | 12.76B | 78.97 | 19.94 | 2.28% | 15.97% | 17.74% | 0.42 |
Compare JCSE vs Peers
JE Cleantech Holdings Limited (JCSE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
JCSE Income Statement
JE Cleantech Holdings Limited (JCSE) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|---|---|
| Sales/Revenue | 18.22M | 21.4M | 14.76M | 18.63M | 18.03M | 19.28M |
| Revenue Growth % | - | 17.44% | -31% | 26.19% | -3.22% | 6.92% |
| Cost of Goods Sold | 13.27M | 15.49M | 12.42M | 13.5M | 13.67M | 14.09M |
| COGS % of Revenue | 72.83% | 72.41% | 84.1% | 72.48% | 75.79% | 73.06% |
| Gross Profit | 4.95M▲ 0% | 5.9M▲ 19.2% | 2.35M▼ 60.2% | 5.13M▲ 118.4% | 4.37M▼ 14.9% | 5.19M▲ 19.0% |
| Gross Margin % | 27.17% | 27.59% | 15.9% | 27.52% | 24.21% | 26.94% |
| Gross Profit Growth % | - | 19.25% | -60.23% | 118.4% | -14.86% | 18.96% |
| Operating Expenses | 2.13M | 2.37M | 1.86M | 3.05M | 3.36M | 5.22M |
| OpEx % of Revenue | 11.69% | 11.08% | 12.61% | 16.39% | 18.61% | 27.1% |
| Selling, General & Admin | 2.24M | 2.03M | 1.91M | 2.96M | 3.19M | 5.01M |
| SG&A % of Revenue | 12.29% | 9.49% | 12.94% | 15.86% | 17.71% | 26.01% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | -109K | 339K | -49K | 99K | 0 | 209K |
| Operating Income | 1.14M▲ 0% | 2.82M▲ 146.6% | 188K▼ 93.3% | 1.76M▲ 838.3% | 1.01M▼ 42.7% | -30K▼ 103.0% |
| Operating Margin % | 6.27% | 13.17% | 1.27% | 9.47% | 5.6% | -0.16% |
| Operating Income Growth % | - | 146.63% | -93.33% | 838.3% | -42.74% | -102.97% |
| EBITDA | 2.12M | 3.59M | 802K | 2.44M | 1.71M | 950K |
| EBITDA Margin % | 11.61% | 16.77% | 5.43% | 13.08% | 9.49% | 4.93% |
| EBITDA Growth % | - | 69.65% | -77.65% | 203.74% | -29.72% | -44.51% |
| D&A (Non-Cash Add-back) | 972K | 769K | 614K | 672K | 702K | 980K |
| EBIT | 1.04M | 2.67M | 219K | 1.76M | 1.14M | 798K |
| Net Interest Income | -475K | -348K | -239K | -372K | -360K | -340K |
| Interest Income | 458K | 320K | 217K | 336K | 151K | 194K |
| Interest Expense | 458K | 320K | 217K | 336K | 511K | 516K |
| Other Income/Expense | -559K | -474K | -57K | -337K | -380K | 312K |
| Pretax Income | 584K▲ 0% | 2.35M▲ 301.5% | 2K▼ 99.9% | 1.43M▲ 71250.0% | 630K▼ 55.9% | 282K▼ 55.2% |
| Pretax Margin % | 3.21% | 10.96% | 0.01% | 7.66% | 3.49% | 1.46% |
| Income Tax | 242K | 618K | 0 | 235K | 111K | 250K |
| Effective Tax Rate % | 41.44% | 26.35% | 0% | 16.47% | 17.62% | 88.65% |
| Net Income | 342K▲ 0% | 1.73M▲ 405.0% | 62K▼ 96.4% | 1.19M▲ 1822.6% | 519K▼ 56.5% | 32K▼ 93.8% |
| Net Margin % | 1.88% | 8.07% | 0.42% | 6.4% | 2.88% | 0.17% |
| Net Income Growth % | - | 404.97% | -96.41% | 1822.58% | -56.46% | -93.83% |
| Net Income (Continuing) | 342K | 1.73M | 2K | 1.19M | 519K | 32K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.02▲ 0% | 0.12▲ 426.3% | 0.00▼ 96.6% | 0.08▲ 1961.0% | 0.10▲ 18.3% | 0.01▼ 93.7% |
| EPS Growth % | - | 426.32% | -96.58% | - | 18.34% | -93.7% |
| EPS (Basic) | 0.02 | 0.12 | 0.00 | 0.08 | 0.10 | 0.01 |
| Diluted Shares Outstanding | 15M | 15M | 15M | 14.1M | 5.01M | 5.1M |
| Basic Shares Outstanding | 15M | 15M | 15M | 14.1M | 5.01M | 5.1M |
| Dividend Payout Ratio | 438.6% | - | 4677.42% | - | - | 2009.38% |
JCSE Balance Sheet
JE Cleantech Holdings Limited (JCSE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|---|---|
| Total Current Assets | 9M | 11.49M | 7.73M | 26.34M | 26.66M | 25.68M |
| Cash & Short-Term Investments | 843K | 550K | 1.11M | 6.56M | 5.14M | 5.74M |
| Cash Only | 843K | 550K | 1.11M | 6.56M | 5.09M | 5.74M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 47K | 0 |
| Accounts Receivable | 4.84M | 9.23M | 3.22M | 5.63M | 4.78M | 4.49M |
| Days Sales Outstanding | 96.94 | 157.45 | 79.61 | 110.4 | 96.65 | 84.97 |
| Inventory | 3.1M | 1.38M | 2.56M | 11.89M | 14.07M | 12.64M |
| Days Inventory Outstanding | 85.2 | 32.51 | 75.17 | 321.45 | 375.87 | 327.66 |
| Other Current Assets | -79K | -79K | 0 | 2.25M | 2.67M | 2.81M |
| Total Non-Current Assets | 10.09M | 10.28M | 10.71M | 9.13M | 8.83M | 9.43M |
| Property, Plant & Equipment | 9.21M | 8.91M | 8.98M | 8.82M | 8.52M | 5.69M |
| Fixed Asset Turnover | 1.98x | 2.40x | 1.64x | 2.11x | 2.12x | 3.39x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 239K | 240K | 243K | 245K | 0 | 506K |
| Other Non-Current Assets | 445K | 960K | 1.32M | 245K | 319K | 3.16M |
| Total Assets | 19.09M▲ 0% | 21.76M▲ 14.0% | 18.44M▼ 15.3% | 35.47M▲ 92.3% | 35.49M▲ 0.1% | 35.11M▼ 1.1% |
| Asset Turnover | 0.95x | 0.98x | 0.80x | 0.53x | 0.51x | 0.55x |
| Asset Growth % | - | 14.03% | -15.27% | 92.33% | 0.08% | -1.07% |
| Total Current Liabilities | 8.29M | 9.62M | 9.45M | 13.8M | 13.76M | 10.07M |
| Accounts Payable | 1.76M | 2.44M | 1.92M | 1.78M | 1.4M | 605K |
| Days Payables Outstanding | 48.47 | 57.44 | 56.33 | 48.14 | 37.29 | 15.68 |
| Short-Term Debt | 5.87M | 5.65M | 6.98M | 6.2M | 4.24M | 1.33M |
| Deferred Revenue (Current) | 29K | 1.37M | 364K | 4.32M | 6.96M | 6.66M |
| Other Current Liabilities | 116K | 75K | 54K | 77K | 860K | 501K |
| Current Ratio | 1.09x | 1.19x | 0.82x | 1.91x | 1.94x | 2.55x |
| Quick Ratio | 0.71x | 1.05x | 0.55x | 1.05x | 0.91x | 1.29x |
| Cash Conversion Cycle | 133.67 | 132.52 | 98.45 | 383.71 | 435.24 | 396.95 |
| Total Non-Current Liabilities | 6.63M | 6.2M | 5.97M | 5.38M | 5.02M | 8.55M |
| Long-Term Debt | 5.31M | 4.86M | 4.42M | 3.98M | 3.74M | 7.47M |
| Capital Lease Obligations | 1.19M | 1.15M | 1.4M | 1.41M | 1.28M | 986K |
| Deferred Tax Liabilities | 131K | 188K | 151K | 0 | 0 | 100K |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 14.92M | 15.82M | 15.42M | 19.18M | 18.78M | 18.62M |
| Total Debt | 12.47M | 11.78M | 12.95M | 11.86M | 9.56M | 10.07M |
| Net Debt | 11.63M | 11.22M | 11.85M | 5.3M | 4.47M | 4.33M |
| Debt / Equity | 2.99x | 1.98x | 4.29x | 0.73x | 0.57x | 0.61x |
| Debt / EBITDA | 5.90x | 3.28x | 16.15x | 4.87x | 5.59x | 10.60x |
| Net Debt / EBITDA | 5.50x | 3.13x | 14.77x | 2.18x | 2.61x | 4.56x |
| Interest Coverage | 2.50x | 8.81x | 0.87x | 5.25x | 1.98x | -0.06x |
| Total Equity | 4.16M▲ 0% | 5.95M▲ 42.8% | 3.02M▼ 49.2% | 16.28M▲ 438.6% | 16.71M▲ 2.7% | 16.49M▼ 1.3% |
| Equity Growth % | - | 42.77% | -49.15% | 438.57% | 2.65% | -1.32% |
| Book Value per Share | 0.28 | 0.40 | 0.20 | 1.15 | 3.34 | 3.23 |
| Total Shareholders' Equity | 4.16M | 5.95M | 3.02M | 16.28M | 16.71M | 16.49M |
| Common Stock | 16K | 16K | 16K | 20K | 20K | 21K |
| Retained Earnings | 586K | 2.31M | -585K | 607K | 1.13M | 1.16M |
| Treasury Stock | 0 | 0 | 0 | 0 | -18K | -66K |
| Accumulated OCI | -64K | -10K | -34K | -32K | -101K | -128K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
JCSE Cash Flow Statement
JE Cleantech Holdings Limited (JCSE) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|---|---|
| Cash from Operations | 1.54M | 1.11M | 3.37M | -5.24M | 1.38M | 2.05M |
| Operating CF Margin % | 8.48% | 5.21% | 22.85% | -28.12% | 7.63% | 10.65% |
| Operating CF Growth % | - | -27.9% | 202.78% | -255.32% | 126.25% | 49.31% |
| Net Income | 342K | 1.73M | 2K | 1.19M | 519K | 32K |
| Depreciation & Amortization | 972K | 769K | 614K | 672K | 702K | 980K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 466K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 44K | 62K | -123K | 34K | -11K | 99K |
| Working Capital Changes | 187K | -1.44M | 2.88M | -7.14M | 165K | 476K |
| Change in Receivables | 1.08M | -4.55M | 5.54M | -2.5M | 753K | 19K |
| Change in Inventory | 327K | 1.6M | -1.18M | -9.34M | -2.18M | 1.43M |
| Change in Payables | -1.22M | 1.51M | -1.48M | 4.69M | -757K | -407K |
| Cash from Investing | -670K | -280K | -717K | -797K | -211K | -1.5M |
| Capital Expenditures | -615K | -280K | -788K | -817K | -211K | -1.25M |
| CapEx % of Revenue | 3.38% | 1.31% | 5.34% | 4.39% | 1.17% | 6.5% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | 241K | 0 | 71K | 20K | 0 | 0 |
| Cash from Financing | -1.26M | -1.18M | -2.08M | 11.49M | -2.57M | 122K |
| Debt Issued (Net) | -1.14M | -764K | 1.18M | -1.09M | -2.19M | 813K |
| Equity Issued (Net) | 1000K | 0 | 0 | 1000K | -18K | -48K |
| Dividends Paid | -1.5M | 0 | -2.9M | 0 | 0 | -643K |
| Share Repurchases | 0 | 0 | 0 | 0 | -18K | -48K |
| Other Financing | -193K | -417K | -361K | -2.35M | -356K | 0 |
| Net Change in Cash | -433K▲ 0% | -293K▲ 32.3% | 558K▲ 290.4% | 5.45M▲ 877.2% | -1.47M▼ 127.0% | 653K▲ 144.4% |
| Free Cash Flow | 930K▲ 0% | 834K▼ 10.3% | 2.58M▲ 210.0% | -6.06M▼ 334.3% | 1.16M▲ 119.2% | 800K▼ 31.3% |
| FCF Margin % | 5.1% | 3.9% | 17.51% | -32.51% | 6.46% | 4.15% |
| FCF Growth % | - | -10.32% | 209.95% | -334.27% | 119.22% | -31.27% |
| FCF per Share | 0.06 | 0.06 | 0.17 | -0.43 | 0.23 | 0.16 |
| FCF Conversion (FCF/Net Income) | 4.52x | 0.65x | 54.40x | -4.40x | 2.65x | 64.16x |
| Interest Paid | 458K | 320K | 217K | 0 | 511K | 516K |
| Taxes Paid | 46K | 62K | 531K | 0 | 289K | 210K |
JCSE Key Ratios
JE Cleantech Holdings Limited (JCSE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| 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 Margin | 27.17% | 27.59% | 15.9% | 27.52% | 24.21% | 26.94% |
| Net Margin | 1.88% | 8.07% | 0.42% | 6.4% | 2.88% | 0.17% |
| Debt / Equity | 2.99x | 1.98x | 4.29x | 0.73x | 0.57x | 0.61x |
| Interest Coverage | 2.50x | 8.81x | 0.87x | 5.25x | 1.98x | -0.06x |
| FCF Conversion | 4.52x | 0.65x | 54.40x | -4.40x | 2.65x | 64.16x |
| Revenue Growth | - | 17.44% | -31% | 26.19% | -3.22% | 6.92% |
JCSE Frequently Asked Questions
JE Cleantech Holdings Limited (JCSE) stock FAQ — growth, dividends, profitability & financials explained
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 9.12%. 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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JE Cleantech Holdings Limited (JCSE) financial analysis — history, returns, DCA and operating performance tools
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