JE Cleantech Holdings Ltd logo

JE Cleantech Holdings Ltd(JCSE)

upturn advisory logo
ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$1.43
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close

Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for JCSE

09/25/2026: JCSE (1-star) is currently NOT-A-BUY. Pass it for now.

JE Cleantech Holdings Ltd is a specialized provider of industrial cleaning and water purification systems primarily serving the electronics and precision manufacturing sectors in Singapore. The company's key strength lies in its ability to offer customized engineering solutions, helping it maintain a stable presence within its regional niche. The main investment story centers on the company’s potential to capitalize on increasing environmental regulations and the need for high-precision cleaning in semiconductor production. However, it faces significant risks from intense competition, geographic concentration, and industry cyclicality. The stock may suit investors seeking exposure to the Asian industrial supply chain, provided they monitor the company’s ability to execute on project pipelines.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company serves niche manufacturing sectors but lacks the hyper-growth profile typically sought by aggressive growth investors.
Momentum investorWeak fitTrading liquidity and historical price action generally do not support a momentum strategy for this stock.
Value investorMixed fitSmall-cap valuation may present opportunities, but limited financial transparency and liquidity pose hurdles for traditional value investors.
Dividend investorWeak fitThe lack of a consistent dividend payout makes this stock unsuitable for income-focused portfolios.
Low-risk investorWeak fitSmall-cap volatility and industry cyclicality make this a higher-risk investment option.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighSmall-cap stocks in cyclical industries frequently exhibit significant price swings.
Valuation riskMediumValuation is sensitive to changes in project pipelines which are hard to predict.
Competition riskHighGlobal conglomerates with larger R&D budgets compete directly for the same manufacturing clients.
Business qualityMediumWhile specialized, the company faces challenges regarding scale and product differentiation.
Dividend incomeLow / noneInvestors should not expect income from dividends given the company's capital allocation strategy.
Execution riskMedium / highThe ability to deliver custom projects on time and within budget is critical to maintaining margins.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -58.36%
Avg. Invested days 36
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
JCSE receives a 3-star rating, supported by solid company fundamentals. The rating is constrained by soft unit economics, soft analyst coverage, and weak price momentum.

Company Fundamentals

★★★★★
JCSE has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+10012.5%) and solid cash generation (FCF margin 9.0%) are partially offset by moderate revenue growth (+5.3%).

Financial Health Rating

★★★★★
JCSE's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 52.5%). Profitability is moderate (3 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is JCSE's strongest growth driver at +10012.5% FY2025 versus FY2024 (strong, 5 stars). By comparison, free-cash-flow growth (+128.4%, strong) is also strong, while revenue growth (+5.3%, moderate) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 5.4% and approximately 79.8% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 20.26% supports management-shareholder alignment.

Top 5 Institutional Investors

Two Sigma Investments LLC 1.10%
Advisor Group Holdings, Inc. 0.00%
UBS Group AG 0.00%

Unit Economics (Per $1K Revenue)

★★★★★
JCSE generates approximately $285 of gross profit, $31 of operating income, and $90 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 4.63%

Quantitative Style Profile

★★★★★
JCSE has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 7.51M USD
Price to earnings Ratio 2.92
1Y Target Price -
Price to earnings Ratio 2.92
1Y Target Price -
Volume (30-day avg) 23.6K shares
Beta -0.34
52 Weeks Range 0.75 - 2.36
Updated Date 09/25/2026
52 Weeks Range 0.75 - 2.36
Updated Date 09/25/2026
Dividends yield (FY) 39.03%
Basic EPS (TTM) 0.49

How Company Makes Money

Business areaWhat it includesRetail investor read
Cleaning SystemsSale of precision aqueous cleaning machines for electronics and jewelry.Revenue is primarily driven by capital expenditure cycles of industrial clients purchasing new machines.
Water PurificationDesign and installation of centralized water recycling systems.This segment provides recurring opportunity in environmental compliance and utility cost savings for clients.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Advertisement

Valuation

Trailing PE 2.92
Forward PE -
Enterprise Value 3.09M
Price to Sales(TTM) 0.37
Enterprise Value 3.09M
Price to Sales(TTM) 0.37
Enterprise Value to Revenue 0.19
Enterprise Value to EBITDA 0.85
Shares Outstanding 1.75M
Shares Floating 1.40M
Shares Outstanding 1.75M
Shares Floating 1.40M
Percent Insiders 20.26
Percent Institutions 5.36

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About JE Cleantech Holdings Ltd

Exchange NASDAQ
Headquarters -
IPO Launch date 2022-04-22
Executive Chairman & CEO Ms. Bee Yin Hong
Sector Industrials
Industry Specialty Industrial Machinery
Full time employees 91
Full time employees 91

JE Cleantech Holdings Limited, an investment holding company, through its subsidiaries, designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications in Singapore, Malaysia, and internationally. The company provides various cleaning systems and other equipment, including aqueous washing systems, plating and cleaning systems, train cleaning systems, and filtration units, as well as equipment parts and components. It also offers centralized dishwashing and ancillary services, such as food courts, hawker centers, restaurants, cookhouses, eldercare homes, and inflight catering service providers, as well as general cleaning services for food courts and hawker centers. In addition, the company leases dishware washing equipment. The company was founded in 1999 and is headquartered in Singapore. JE Cleantech Holdings Limited operates as a subsidiary of JE Cleantech Global Limited.