Je Cleantech Holdings Ltd. (JCSE) intrinsic value & 10-year financials

Je Cleantech Holdings Ltd. (JCSE) has a Graham intrinsic value of $20.59 per share. At $1.71 on Oct 27, 2026, the stock trades 92% below that value. Over the last 8 fiscal years revenue grew 1.8% a year to $20.3M, with an average return on invested capital of 14.4%.

Graham intrinsic value
$20.59
Share price (Oct 27, 2026)
$1.71
Price vs Graham value
92% below
Market cap
$9.1M
Revenue (FY2025)
$20.3M
Revenue growth (8-yr CAGR)
1.8%
ROIC (10-yr avg)
14.4%
Free cash flow (FY2025)
$1.9M

JCSE 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $20.3M $3.2M $0.62 $1.9M 3.0% 5.3%
FY2024 $19.3M $32.0K $0.00 $800.0K -0.2% -0.1%
FY2023 $18.0M $519.0K $0.10 $1.2M 5.6% 6.9%
FY2022 $18.6M $1.2M $0.25 -$6.1M 9.5% 20.4%
FY2021 $14.8M $2.0K $0.00 $2.6M 0.4% 0.0%
FY2020 $21.4M $1.7M — $834.0K 16.5% 39.8%
FY2019 $18.2M $342.0K — $930.0K 12.7% 28.4%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

JE Cleantech Holdings Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

JE Cleantech Holdings Ltd returns on capital have been average, hovering around 12.1% ROIC over the decade.

JE Cleantech Holdings Ltd capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, JE Cleantech Holdings Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $20.59 per share.

JCSE stock: frequently asked questions

What is the intrinsic value of Je Cleantech Holdings Ltd. (JCSE) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, JCSE's intrinsic value is about $20.59 per share.

Is JCSE stock undervalued?

At $1.71 (close on Oct 27, 2026), JCSE trades 92% below its Graham value of $20.59. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Je Cleantech Holdings Ltd. generate free cash flow?

Je Cleantech Holdings Ltd. generated $1.9M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 6 of the last 7 reported years.

What is JCSE's return on invested capital?

Average ROIC over the last 8 fiscal years was 14.4%, and average return on equity was 10.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this JCSE data come from?

From Je Cleantech Holdings Ltd.'s annual 10-K filings on SEC EDGAR, most recently filed May 8, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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