Je Cleantech Holdings Ltd.
JE Cleantech Holdings Ltd. is a Singapore-based investment holding company primarily engaged in the design, development, manufacture, and sale of precision cleaning systems and related equipment. Through its subsidiary JCS-Echigo Pte Ltd, it produces a diverse range of cleaning solutions categorized into aqueous washing systems, plating and cleaning systems, train cleaning systems, and other equipment such as filtration units. These systems feature advanced technologies including particle filtration, ultrasonic or megasonic rinses, high-pressure drying, high-flow rate sprays, and deionized water rinses, serving industrial end-use applications mainly in Singapore and Malaysia. Additionally, via Hygieia Warewashing Pte Ltd, the company provides centralized dishwashing and ancillary services to the food and beverage sector, including food courts, hawker centers, restaurants, cookhouses, eldercare homes, and inflight catering providers, along with general cleaning services for food courts. It also offers repair and servicing for its cleaning systems, leasing of dishwashing equipment, and acts as the sole distributor of STICO anti-slip shoes in Singapore. Headquartered in Singapore, JE Cleantech Holdings Ltd. supports capital goods and industrial machinery sectors with specialized cleaning solutions.
$1.53
-$0.17 (-10.00%)
Price from 2 days ago
Operating margin is thin at 3.08%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 5.3%, steady but not accelerating.
Even for strong businesses, today's 3x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
3.2x earnings, 5.6x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
SGD 20M
▲ +5.3% YoY
Net Income (TTM)
SGD 3M
▲ +10012.5% YoY
Op. Margin
3.08%
▲ +0.9pp YoY
ROIC
2.35%
▲ +1.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
SGD 2M
▲ +132.1% YoY
Op. Cash Flow (TTM)
SGD 6M
▲ +224.9% YoY
Net Debt
-SGD 6M
Net Cash Position
Cash & Equiv.
SGD 10M
3Y CAGR: +2.9%
Continue Research
Is Je Cleantech Holdings (JCSE) overvalued?
At a P/E of 3.2 and a price-to-free-cash-flow of 5.6, Je Cleantech Holdings (JCSE) trades below a two-stage DCF intrinsic value of about SGD 7.10 per share, so at SGD 1.53 the stock looks undervalued (364.1% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Je Cleantech Holdings scores 58/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 28.5%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Je Cleantech Holdings's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about SGD 7.10 per share for JCSE, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around SGD 5.33. At today's SGD 1.53, that puts the stock about 364.1% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Je Cleantech Holdings a high-quality business?+
Je Cleantech Holdings scores 58 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 3.1% operating margin and a 2.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Je Cleantech Holdings (JCSE) pay a dividend, and how much?+
Yes, Je Cleantech Holdings pays a regular dividend of about SGD 0.56 per share per year (typically in quarterly installments), a yield of roughly 28.5% at the current price. That is a payout ratio of about 91.2% of earnings, so the dividend is stretched at this level. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For JCSE's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Je Cleantech Holdings a good stock to buy right now?+
That depends on valuation and quality together, not either alone. JCSE currently trades below its estimated intrinsic value and scores 58/100 on quality (mixed). It also yields about 28.5%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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