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JE Cleantech Holdings Limited
(NASDAQ:JCSE)
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Rating:75Outperform
Price Target:
$2.00
▲(32.45% Upside)
Action:Reiterated
Date:10/21/26
The score is driven primarily by improved financial fundamentals in 2025 (strong revenue rebound and much lower leverage), supported by bullish technical trend signals. Valuation is a major positive due to the very low P/E and high dividend yield. The main constraint is the quality and durability of earnings, given the sub-1% operating margin and historically inconsistent cash flows.
Positive Factors
Revenue Rebound
The sharp 2025 revenue reacceleration indicates renewed demand and improved commercial activity after a stagnant prior year. If the higher sales base persists, it can support greater operating scale, strengthen customer reach, and provide a foundation for more consistent earnings over the next several quarters.
Negative Factors
Customer Concentration
Heavy reliance on a small number of customer groups creates a durable concentration risk because the loss, reduction, or delay of a major account could materially affect revenue. This concentration may also weaken negotiating leverage and make future results less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The sharp 2025 revenue reacceleration indicates renewed demand and improved commercial activity after a stagnant prior year. If the higher sales base persists, it can support greater operating scale, strengthen customer reach, and provide a foundation for more consistent earnings over the next several quarters.
Read all positive factors
JE Cleantech Holdings Limited (JCSE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.66M
Dividend Yield21.08%
Average Volume (3M)8.66K
Price to Earnings (P/E)3.2
Beta (1Y)1.14
Revenue Growth137.91%
EPS GrowthN/A
CountryUS
Employees91
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)N/A
Shares Outstanding5,006,666
10 Day Avg. Volume10,736
30 Day Avg. Volume8,658
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.36
Price to Sales (P/S)0.35
P/FCF Ratio3.92
Enterprise Value/Market Cap0.16
Enterprise Value/Revenue0.07
Enterprise Value/Gross Profit0.27
Enterprise Value/Ebitda1.38
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
JE Cleantech Holdings Limited Business Overview & Revenue Model
Company Description
JE Cleantech Holdings Limited operates as an investment holding company primarily focused on the design, development, production, and distribution of sophisticated cleaning systems. These systems serve various industrial applications across Singap...
JE Cleantech Holdings Limited Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
74
Positive
Cash Flow
61
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.30M | 19.28M | 18.03M | 18.63M | 14.76M |
| Gross Profit | 5.78M | 5.19M | 4.37M | 5.13M | 2.35M |
| EBITDA | 4.67M | 1.78M | 1.84M | 2.44M | 833.00K |
| Net Income | 3.24M | 32.00K | 519.00K | 1.19M | 2.00K |
Balance Sheet | |||||
| Total Assets | 32.98M | 35.11M | 35.49M | 35.47M | 18.44M |
| Cash, Cash Equivalents and Short-Term Investments | 9.93M | 5.74M | 5.14M | 6.56M | 1.11M |
| Total Debt | 4.43M | 10.07M | 9.56M | 11.86M | 12.95M |
| Total Liabilities | 13.21M | 18.62M | 18.78M | 19.18M | 15.42M |
| Stockholders Equity | 19.77M | 16.49M | 16.71M | 16.28M | 3.02M |
Cash Flow | |||||
| Free Cash Flow | 1.83M | 800.00K | 1.16M | -6.06M | 2.58M |
| Operating Cash Flow | 2.64M | 2.05M | 1.38M | -5.24M | 3.37M |
| Investing Cash Flow | 6.19M | -1.50M | -211.00K | -797.00K | -717.00K |
| Financing Cash Flow | -4.76M | 122.00K | -2.57M | 11.49M | -2.08M |
JE Cleantech Holdings Limited Technical Analysis
Positive
1.51
Price Trends
1.48
Positive
1.43
Positive
1.30
Positive
Market Momentum
0.03
Negative
51.84
Neutral
55.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JCSE, the sentiment is Positive. The current price of 1.51 is above the 20-day moving average (MA) of 1.47, above the 50-day MA of 1.48, and above the 200-day MA of 1.30, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 51.84 is Neutral, neither overbought nor oversold. The STOCH value of 55.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JCSE.
JE Cleantech Holdings Limited Risk Analysis
JE Cleantech Holdings Limited disclosed 47 risk factors in its most recent earnings report. JE Cleantech Holdings Limited reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
We may not be able to maintain compliance with Nasdaq's continued listing requirements. Q4, 2025
2.
Our dual-class voting structure will limit your ability to influence corporate matters and could discourage others from pursuing any change of control transactions that holders of our Class A Ordinary Shares may view as beneficial. Q4, 2025
3.
The conversion by the holders of Class B Ordinary Shares into Class A Ordinary Shares will result in a dilution of the percentage ownership of the existing holders of Class A Ordinary Shares within their class of Ordinary Shares. Q4, 2025
JE Cleantech Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $7.66M | 3.15 | 18.24% | 21.08% | 137.91% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $16.25M | 1.02 | 15.75% | ― | 25.87% | -0.36% | |
59 Neutral | $77.83M | 14.20 | 8.25% | ― | -3.31% | ― | |
47 Neutral | $26.55M | 2.66 | 36.49% | ― | -44.36% | -845.20% | |
46 Neutral | $11.38M | -0.82 | -106.49% | ― | 89.35% | 7.95% | |
35 Underperform | $6.32M | -0.02 | 398.88% | ― | 9927.65% | 87.35% |
* Industrials Sector Average
JCSE
JE Cleantech Holdings Limited
1.51
0.54
55.51%
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JE Cleantech Holdings Limited Corporate Events
JE Cleantech Swings to Profit on Surging First-Half 2026 Revenue
Oct 20, 2026
For the six months ended June 30, 2026, JE Cleantech Holdings reported a sharp rebound in performance, with revenue surging to SGD20.8 million from SGD6.5 million a year earlier and net results swinging from a loss of SGD0.8 million in 2025 to a n...
JE Cleantech Re-elects Board and Confirms Auditor at October 16 AGM
Oct 16, 2026
JE Cleantech Holdings Limited held its Annual General Meeting of Members in Singapore on October 16, 2026, covering governance matters for the fiscal year ended December 31, 2025. Shareholders of record as of September 18, 2026, holding Class A an...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.