JE Cleantech Holdings Limited (JCSE)
NASDAQ:JCSE
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JE Cleantech Holdings Limited
(NASDAQ:JCSE)
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Rating:59Neutral
Price Target:
$1.50
▼(-24.62% Downside)
Action:ReiteratedDate:01/30/26
The score is held back primarily by weak financial performance (declining revenue, minimal profitability, and sharply deteriorating free cash flow), partially offset by constructive price momentum above major moving averages and a very high dividend yield (with a negative P/E limiting valuation clarity).
Positive Factors
Structural industry tailwinds
JCSE’s core focus on waste-to-energy and cleantech aligns with long-term regulatory and corporate demand for decarbonization and waste management. This structural market backdrop supports sustained project opportunities, long-duration contracts, and steady demand for its services over multiple years.
Negative Factors
Declining revenue and recent net loss
Material revenue decline and a shift to net loss reflect weakening underlying demand or contract timing that undermines earnings durability. Sustained top-line contraction limits reinvestment capacity, pressures margins long-term, and raises execution risk on multi-year project pipelines.
Read all positive and negative factors
Positive Factors
Negative Factors
Structural industry tailwinds
JCSE’s core focus on waste-to-energy and cleantech aligns with long-term regulatory and corporate demand for decarbonization and waste management. This structural market backdrop supports sustained project opportunities, long-duration contracts, and steady demand for its services over multiple years.
Read all positive factors
JE Cleantech Holdings Limited (JCSE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.01M
Dividend Yield8.18%
Average Volume (3M)116.95K
Price to Earnings (P/E)―
Beta (1Y)0.37
Revenue Growth-23.37%
EPS Growth-264.09%
CountryUS
Employees103
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)N/A
Shares Outstanding5,006,666
10 Day Avg. Volume20,139
30 Day Avg. Volume116,953
Financial Highlights & Ratios
PEG Ratio-3.18
Price to Book (P/B)0.58
Price to Sales (P/S)0.49
P/FCF Ratio11.93
Enterprise Value/Market Cap1.71
Enterprise Value/Revenue0.64
Enterprise Value/Gross Profit2.43
Enterprise Value/Ebitda-23.33
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, 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...
How the Company Makes Money
JCSE generates revenue through multiple streams, primarily from the development and operation of waste-to-energy facilities that convert municipal and industrial waste into renewable energy. The company earns income by charging fees for waste proc...
JE Cleantech Holdings Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.44M | 19.28M | 18.03M | 18.63M | 14.76M | 21.40M |
| Gross Profit | 3.54M | 5.19M | 4.37M | 5.13M | 2.35M | 5.90M |
| EBITDA | -367.96K | 1.78M | 1.84M | 2.44M | 833.00K | 3.43M |
| Net Income | -1.19M | 32.00K | 519.00K | 1.19M | 62.00K | 1.73M |
Balance Sheet | ||||||
| Total Assets | 25.64M | 35.11M | 35.49M | 35.47M | 18.44M | 21.76M |
| Cash, Cash Equivalents and Short-Term Investments | 3.95M | 5.74M | 5.14M | 6.56M | 1.11M | 550.00K |
| Total Debt | 7.28M | 10.07M | 9.56M | 11.86M | 12.95M | 11.78M |
| Total Liabilities | 13.31M | 18.62M | 18.78M | 19.18M | 15.42M | 15.82M |
| Stockholders Equity | 12.33M | 16.49M | 16.71M | 16.28M | 3.02M | 5.95M |
Cash Flow | ||||||
| Free Cash Flow | 1.37M | 800.00K | 1.16M | -6.06M | 2.58M | 834.00K |
| Operating Cash Flow | 2.59M | 2.05M | 1.38M | -5.24M | 3.37M | 1.11M |
| Investing Cash Flow | -1.17M | -1.50M | -211.00K | -797.00K | -717.00K | -280.00K |
| Financing Cash Flow | -1.06M | 122.00K | -2.57M | 11.49M | -2.08M | -1.18M |
JE Cleantech Holdings Limited Technical Analysis
Neutral
1.99
Price Trends
1.06
Negative
1.01
Negative
0.92
Positive
Market Momentum
-0.01
Positive
45.81
Neutral
8.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JCSE, the sentiment is Neutral. The current price of 1.99 is above the 20-day moving average (MA) of 1.05, above the 50-day MA of 1.06, and above the 200-day MA of 0.92, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 45.81 is Neutral, neither overbought nor oversold. The STOCH value of 8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 2 New Risks
1.
Certain recent initial public offerings of companies with public floats comparable to our public float have experienced extreme volatility that was seemingly unrelated to the underlying performance of the respective company. We have experienced similar volatility, which makes it difficult for prospective investors to assess the value of our Ordinary Shares. Q4, 2022
2.
We received a written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC stating that our Ordinary Shares failed to maintain a minimum bid price of $1.00 over the last 30 consecutive business days as required by Nasdaq Listing Rule 5550(a)(2). Q4, 2022
JE Cleantech Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | $5.01M | -2.32 | ― | 8.18% | -23.37% | -264.09% | |
55 Neutral | $34.55M | 15.05 | -0.72% | ― | 19.84% | 95.71% | |
54 Neutral | $45.92M | 12.35 | 8.34% | ― | -1.47% | 52.65% | |
50 Neutral | $12.97M | -1.69 | 21.29% | ― | -1.36% | ― | |
41 Neutral | $4.98M | -2.28 | -82.18% | ― | -57.40% | 52.85% | |
| ― | $21.32M | -0.91 | 168.54% | ― | -98.20% | 93.77% |
* Industrials Sector Average
JCSE
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JE Cleantech Holdings Limited Corporate Events
JE Cleantech Declares Special Cash Dividend After Profitable Property Sale
Jan 5, 2026
On January 5, 2026, JE Cleantech Holdings Limited announced that its board had approved a cash dividend of US$0.44 per ordinary share, funded by the recent sale of the company’s leasehold industrial property at 17 Woodlands Sector 1 in Singa...
JE Cleantech Holds Annual General Meeting, Approves Key Resolutions
Nov 19, 2025
On November 18, 2025, JE Cleantech Holdings Limited held its Annual General Meeting in Singapore, where five directors were elected to serve until the next annual meeting. The meeting also approved a special resolution for the re-designation and r...
JE Cleantech Holdings Completes Sale of Singapore Property for $5.68 Million
Nov 18, 2025
On November 18, 2025, JE Cleantech Holdings Limited announced that its subsidiary, JCS-Echigo Pte Ltd, completed the sale of a leasehold industrial property in Singapore for approximately SGD$7.39 million (USD$5.68 million), resulting in a net gai...
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.