NASDAQ : JCSE
JE Cleantech Holdings Limited — Financial statements
Industrials · Specialty Industrial Machinery · Singapore
Last price 1.64 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 8.60M
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Financial statements
JE Cleantech Holdings Limited (JCSE) reported revenue of 34.62M SGD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 34.62M | 20.30M | 19.28M | 18.03M | 18.63M | 14.76M |
| Cost of Revenue | 22.93M | 14.52M | 14.09M | 13.67M | 13.50M | 12.42M |
| Gross Profit | 11.69M | 5.78M | 5.19M | 4.37M | 5.13M | 2.35M |
| Selling, General & Admin | 7.08M | 5.17M | 5.22M | 3.36M | 3.36M | 2.29M |
| Operating Expenses | 7.08M | 5.17M | 5.22M | 3.36M | 3.36M | 2.29M |
| Operating Income | 4.61M | 610.00K | -30.00K | 1.01M | 1.76M | 59.00K |
| Interest Expense | -288.00K | -412.00K | -516.00K | -511.00K | -336.00K | -217.00K |
| Interest & Investment Income | 146.00K | 136.00K | 194.00K | 175.00K | ||
| Currency Exchange Gain (Loss) | -629.00K | -629.00K | 356.00K | -275.00K | ||
| Other Non Operating Income (Expenses) | -112.00K | -310.00K | 252.00K | 176.00K | 134.00K | 187.00K |
| EBT Excluding Unusual Items | 3.73M | -605.00K | 256.00K | 575.00K | 1.56M | 29.00K |
| Gain (Loss) on Sale of Assets | 4.17M | 4.17M | 71.00K | |||
| Asset Writedown | -181.00K | -181.00K | -61.00K | 49.00K | ||
| Other Unusual Items | -998.00K | 11.00K | 87.00K | 55.00K | -135.00K | -147.00K |
| Pretax Income | 6.72M | 3.39M | 282.00K | 630.00K | 1.43M | 2.00K |
| Income Tax Expense | 948.00K | 157.00K | 250.00K | 111.00K | 235.00K | |
| Net Income | 5.77M | 3.24M | 32.00K | 519.00K | 1.19M | 2.00K |
| Net Income to Common | 5.77M | 3.24M | 32.00K | 519.00K | 1.19M | 2.00K |
| Shares Outstanding (Basic) | 5.24M | 5.31M | 5.31M | 5.01M | 4.70M | 4.00M |
| Shares Outstanding (Diluted) | 5.24M | 5.31M | 5.31M | 5.01M | 4.70M | 4.00M |
| EPS (Basic) | 1.10 | 0.61 | 0.01 | 0.10 | 0.25 | 0.00 |
| EPS (Diluted) | 1.10 | 0.61 | 0.01 | 0.10 | 0.25 | 0.00 |
| Free Cash Flow | 10.78M | 1.86M | 800.00K | 1.16M | -6.06M | 2.58M |
| Free Cash Flow Per Share | 2.06 | 0.35 | 0.15 | 0.23 | -1.29 | 0.65 |
| Dividend Per Share | 0.57 | 0.57 | 0.12 | |||
| Gross Margin | 33.76% | 28.45% | 26.94% | 24.21% | 27.52% | 15.90% |
| Operating Margin | 13.32% | 3.01% | -0.16% | 5.60% | 9.47% | 0.40% |
| Profit Margin | 16.66% | 15.94% | 0.17% | 2.88% | 6.40% | 0.01% |
| Free Cash Flow Margin | 31.15% | 9.15% | 4.15% | 6.46% | -32.51% | 17.51% |
| EBITDA | 5.29M | 1.31M | 739.00K | 1.50M | 2.29M | 673.00K |
| EBITDA Margin | 15.29% | 6.44% | 3.83% | 8.33% | 12.27% | 4.56% |
| D&A For EBITDA | 684.00K | 698.00K | 769.00K | 493.00K | 522.00K | 614.00K |
| EBIT | 4.61M | 610.00K | -30.00K | 1.01M | 1.76M | 59.00K |
| EBIT Margin | 13.32% | 3.01% | -0.16% | 5.60% | 9.47% | 0.40% |
| Effective Tax Rate | 14.12% | 4.63% | 88.65% | 17.62% | 16.47% |
Balance sheet
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 15.09M | 9.93M | 5.74M | 5.09M | 6.56M | 1.11M |
| Short-Term Investments | 47.00K | 39.00K | 68.00K | |||
| Cash & Short-Term Investments | 15.09M | 9.93M | 5.74M | 5.14M | 6.60M | 1.18M |
| Accounts Receivable | 10.05M | 7.41M | 4.49M | 4.78M | 5.63M | 3.22M |
| Other Receivables | 241.00K | 58.00K | 132.00K | |||
| Receivables | 10.05M | 7.41M | 4.49M | 5.02M | 5.69M | 3.35M |
| Inventory | 6.16M | 9.20M | 12.64M | 14.07M | 11.89M | 2.56M |
| Prepaid Expenses | 587.00K | 837.00K | 2.45M | 2.08M | 2.15M | 647.00K |
| Other Current Assets | 356.00K | 356.00K | ||||
| Total Current Assets | 31.88M | 27.38M | 25.68M | 26.66M | 26.34M | 7.73M |
| Property, Plant & Equipment | 5.08M | 4.72M | 5.69M | 8.52M | 8.82M | 8.98M |
| Long-Term Investments | 243.00K | |||||
| Long-Term Deferred Tax Assets | 74.00K | 74.00K | 74.00K | 74.00K | 66.00K | 163.00K |
| Long-Term Deferred Charges | 1.32M | |||||
| Other Long-Term Assets | 801.00K | 811.00K | 3.67M | 245.00K | 245.00K | |
| Total Assets | 37.83M | 32.98M | 35.11M | 35.49M | 35.47M | 18.44M |
| Accounts Payable | 2.66M | 1.86M | 605.00K | 1.40M | 1.78M | 1.92M |
| Accrued Expenses | 1.60M | 698.00K | 594.00K | 536.00K | 828.00K | 342.00K |
| Short-Term Debt | 741.00K | 1.52M | ||||
| Current Portion of Long-Term Debt | 1.13M | 1.15M | 1.33M | 4.24M | 5.46M | 5.46M |
| Current Portion of Leases | 98.00K | 191.00K | 292.00K | 300.00K | 280.00K | 158.00K |
| Current Income Taxes Payable | 732.00K | 205.00K | 89.00K | 149.00K | 319.00K | |
| Current Unearned Revenue | 10.73M | 5.82M | 6.66M | 6.96M | 4.32M | |
| Other Current Liabilities | 55.00K | 135.00K | 501.00K | 175.00K | 77.00K | 54.00K |
| Total Current Liabilities | 17.01M | 10.06M | 10.07M | 13.76M | 13.80M | 9.45M |
| Long-Term Debt | 2.23M | 2.87M | 7.47M | 3.74M | 3.98M | 4.42M |
| Long-Term Leases | 53.00K | 217.00K | 986.00K | 1.28M | 1.41M | 1.40M |
| Long-Term Deferred Tax Liabilities | 67.00K | 67.00K | 100.00K | 151.00K | ||
| Total Liabilities | 19.36M | 13.21M | 18.62M | 18.78M | 19.18M | 15.42M |
| Common Stock | 21.00K | 21.00K | 21.00K | 20.00K | 20.00K | 16.00K |
| Additional Paid-In Capital | 12.52M | 15.51M | 15.51M | 15.69M | 15.69M | 3.63M |
| Retained Earnings | 6.09M | 4.39M | 1.16M | 1.13M | 607.00K | -585.00K |
| Treasury Stock | -92.00K | -75.00K | -66.00K | -18.00K | ||
| Comprehensive Income & Other | -76.00K | -76.00K | -128.00K | -101.00K | -32.00K | -34.00K |
| Shareholders' Equity | 18.47M | 19.77M | 16.49M | 16.71M | 16.28M | 3.02M |
| Total Liabilities & Equity | 37.83M | 32.98M | 35.11M | 35.49M | 35.47M | 18.44M |
| Total Debt | 3.51M | 4.43M | 10.07M | 9.56M | 11.86M | 12.95M |
| Net Cash (Debt) | 11.58M | 5.50M | -4.33M | -4.43M | -5.26M | -11.78M |
| Net Cash Per Share | 2.21 | 1.04 | -0.82 | -0.88 | -1.12 | -2.94 |
| Filing Date Shares Outstanding | 5.24M | 5.25M | 5.31M | 5.01M | 5.01M | 5.01M |
| Total Common Shares Outstanding | 5.24M | 5.25M | 5.31M | 5.01M | 5.01M | 4.00M |
| Working Capital | 14.87M | 17.32M | 15.61M | 12.90M | 12.53M | -1.72M |
| Book Value Per Share | 3.52 | 3.76 | 3.11 | 3.34 | 3.25 | 0.76 |
| Tangible Book Value | 18.47M | 19.77M | 16.49M | 16.71M | 16.28M | 3.02M |
| Tangible Book Value Per Share | 3.52 | 3.76 | 3.11 | 3.34 | 3.25 | 0.76 |
| Buildings | 2.95M | 2.95M | 2.95M | 7.52M | 7.52M | 7.52M |
| Machinery | 5.32M | 4.60M | 7.26M | 7.26M | 8.85M | 8.69M |
| Leasehold Improvements | 1.02M | 1.01M | 910.00K | |||
| Order Backlog | 26.37M | 14.55M | 25.28M | 29.05M | 20.00M |
Cash flow statement
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 5.77M | 3.24M | 32.00K | 519.00K | 1.19M | 2.00K |
| Depreciation & Amortization | 807.00K | 861.00K | 980.00K | 702.00K | 672.00K | 614.00K |
| Loss (Gain) From Sale of Assets | -4.17M | -4.17M | -71.00K | |||
| Asset Writedown & Restructuring Costs | 181.00K | 181.00K | 63.00K | 36.00K | ||
| Stock-Based Compensation | 466.00K | |||||
| Provision & Write-off of Bad Debts | -23.00K | 55.00K | -11.00K | -49.00K | ||
| Other Operating Activities | 372.00K | 372.00K | -19.00K | -2.00K | -3.00K | |
| Change in Accounts Receivable | -5.83M | -1.23M | 19.00K | 753.00K | -2.50M | 5.54M |
| Change in Inventory | 7.30M | 3.44M | 1.43M | -2.18M | -9.34M | -1.18M |
| Change in Accounts Payable | 2.98M | 995.00K | -407.00K | -757.00K | 374.00K | -1.48M |
| Change in Unearned Revenue | 4.53M | -845.00K | -300.00K | 2.64M | 4.32M | |
| Change in Income Taxes | 662.00K | 83.00K | 40.00K | |||
| Change in Other Net Operating Assets | -346.00K | -243.00K | -305.00K | -291.00K | ||
| Operating Cash Flow | 12.24M | 2.69M | 2.05M | 1.38M | -5.24M | 3.37M |
| Capital Expenditures | -1.45M | -829.00K | -1.25M | -211.00K | -817.00K | -788.00K |
| Sale of Property, Plant & Equipment | 7.39M | 7.39M | 20.00K | 71.00K | ||
| Investment in Securities | -274.00K | -274.00K | -242.00K | |||
| Investing Cash Flow | 5.67M | 6.29M | -1.50M | -211.00K | -797.00K | -717.00K |
| Short-Term Debt Issued | 1.52M | |||||
| Long-Term Debt Issued | 5.66M | 250.00K | 1.75M | |||
| Total Debt Issued | 5.66M | 250.00K | 3.27M | |||
| Short-Term Debt Repaid | -741.00K | -782.00K | ||||
| Long-Term Debt Repaid | -4.83M | -4.85M | -1.70M | -312.00K | -2.09M | |
| Lease Payments | -58.00K | -58.00K | ||||
| Total Debt Repaid | -4.84M | -4.83M | -4.85M | -2.44M | -1.09M | -2.09M |
| Net Debt Issued (Repaid) | -4.84M | -4.83M | 813.00K | -2.19M | -1.09M | 1.18M |
| Issuance of Common Stock | 14.93M | |||||
| Repurchase of Common Stock | -26.00K | -9.00K | -48.00K | -18.00K | ||
| Common Dividends Paid | -2.99M | -643.00K | -2.90M | |||
| Other Financing Activities | -356.00K | -2.35M | -361.00K | |||
| Financing Cash Flow | -7.85M | -4.84M | 122.00K | -2.57M | 11.49M | -2.08M |
| Foreign Exchange Rate Adjustments | 7.00K | 52.00K | -27.00K | -69.00K | 2.00K | -16.00K |
| Net Cash Flow | 10.06M | 4.19M | 653.00K | -1.47M | 5.45M | 558.00K |
| Free Cash Flow | 10.78M | 1.86M | 800.00K | 1.16M | -6.06M | 2.58M |
| Free Cash Flow Margin | 31.15% | 9.15% | 4.15% | 6.46% | -32.51% | 17.51% |
| Free Cash Flow Per Share | 2.06 | 0.35 | 0.15 | 0.23 | -1.29 | 0.65 |
| Levered Free Cash Flow | 11.94M | 2.91M | 668.75K | 907.88K | -7.42M | 2.49M |
| Unlevered Free Cash Flow | 12.12M | 3.17M | 991.25K | 1.23M | -7.21M | 2.62M |
| Free Cash Flow After Leases | 10.72M | 1.80M | 800.00K | 1.16M | -6.06M | 2.58M |
| Cash Interest Paid | 288.00K | 412.00K | 516.00K | 511.00K | 317.00K | 217.00K |
| Cash Income Tax Paid | 286.00K | 72.00K | 210.00K | 289.00K | 531.00K | |
| Change in Working Capital | 9.30M | 2.20M | 476.00K | 165.00K | -7.14M | 2.88M |
Ratios
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.99M | 5.57M | 7.24M | 3.75M | 11.05M | |
| Enterprise Value | -951.67K | 8.86M | 11.23M | 7.37M | 13.88M | |
| Last Close Price | 1.63 | 0.77 | 1.00 | 0.52 | 1.53 | |
| PE Ratio | 1.79 | 2.21 | 308.93 | 9.55 | 12.43 | |
| PS Ratio | 0.30 | 0.35 | 0.51 | 0.28 | 0.80 | |
| PB Ratio | 0.60 | 0.36 | 0.60 | 0.30 | 0.91 | |
| P/TBV Ratio | 0.57 | 0.36 | 0.60 | 0.30 | 0.91 | |
| P/FCF Ratio | 0.96 | 3.86 | 12.36 | 4.26 | ||
| P/OCF Ratio | 0.84 | 2.67 | 4.82 | 3.60 | ||
| EV/Sales Ratio | 0.56 | 0.80 | 0.54 | 1.00 | ||
| EV/EBITDA Ratio | 8.71 | 20.74 | 6.47 | 8.14 | ||
| EV/EBIT Ratio | 18.68 | 9.63 | 10.55 | |||
| EV/FCF Ratio | 6.14 | 19.16 | 8.36 | |||
| Debt / Equity Ratio | 0.19 | 0.22 | 0.61 | 0.57 | 0.73 | 4.29 |
| Debt / EBITDA Ratio | 0.66 | 3.39 | 13.63 | 6.36 | 5.19 | 19.25 |
| Debt / FCF Ratio | 0.33 | 2.39 | 12.59 | 8.22 | 5.01 | |
| Net Debt / Equity Ratio | -0.63 | -0.28 | 0.26 | 0.27 | 0.32 | 3.90 |
| Net Debt / EBITDA Ratio | -2.19 | -4.21 | 5.86 | 2.95 | 2.30 | 17.50 |
| Net Debt / FCF Ratio | -1.07 | -2.96 | 5.41 | 3.80 | -0.87 | 4.56 |
| Asset Turnover | 0.98 | 0.60 | 0.55 | 0.51 | 0.69 | 0.73 |
| Inventory Turnover | 2.34 | 1.33 | 1.05 | 1.05 | 1.87 | 6.31 |
| Quick Ratio | 1.48 | 1.72 | 1.02 | 0.74 | 0.89 | 0.48 |
| Current Ratio | 1.87 | 2.72 | 2.55 | 1.94 | 1.91 | 0.82 |
| Return on Equity (ROE) | 33.76% | 17.85% | 0.19% | 3.15% | 12.35% | 0.04% |
| Return on Assets (ROA) | 8.18% | 1.12% | -0.05% | 1.78% | 4.09% | 0.18% |
| Return on Invested Capital (ROIC) | 57.45% | 3.32% | -0.02% | 3.90% | 8.11% | 0.37% |
| Return on Capital Employed (ROCE) | 22.10% | 2.70% | -0.10% | 4.60% | 8.10% | 0.70% |
| Earnings Yield | 55.75% | 45.15% | 0.32% | 10.47% | 8.04% | |
| FCF Yield | 104.42% | 25.91% | 8.09% | 23.48% | -40.87% | |
| Dividend Yield | 28.85% | 41.48% | 6.59% | |||
| Payout Ratio | 2,009.38% | 145,000.00% | ||||
| Buyback Yield / Dilution | 3.93% | -5.99% | -6.58% | -17.44% | ||
| Total Shareholder Return | 32.50% | 41.48% | 0.60% | -6.58% | -17.44% |