Jewett-Cameron Trading Company (JCTC)
NASDAQ:JCTC
Want to see JCTC full AI Analyst Report?
Top Page
Jewett-Cameron Trading Company
(NASDAQ:JCTC)
Select Model
Select Model
Rating:49Neutral
Price Target:
$2.50
▲(5.04% Upside)
Action:Reiterated
Date:05/30/26
The score is held down primarily by deteriorating financial performance (sharp margin collapse, deep losses, and renewed cash burn) and an unfavorable loss-driven valuation (negative P/E). Technicals are a partial offset due to near-term upside momentum, but overbought signals and a still-weak longer-term trend limit the benefit.
Positive Factors
Diversified distribution
A mix of wholesale and direct-to-consumer channels reduces dependence on any single buyer and smooths demand variability. Over 2-6 months this channel diversification supports sales resilience, allows pricing experiments, and preserves routes to market if one channel weakens.
Negative Factors
Severe margin deterioration
A rapid collapse in gross margin materially reduces ability to cover fixed costs and fund investment. If driven by structural cost increases, adverse mix, or weakened pricing power, the margin shortfall can persist across quarters, keeping profitability depressed until fundamental cost or pricing fixes are implemented.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified distribution
A mix of wholesale and direct-to-consumer channels reduces dependence on any single buyer and smooths demand variability. Over 2-6 months this channel diversification supports sales resilience, allows pricing experiments, and preserves routes to market if one channel weakens.
Read all positive factors
Jewett-Cameron Trading Company (JCTC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.69M
Dividend YieldN/A
Average Volume (3M)12.91K
Price to Earnings (P/E)―
Beta (1Y)0.30
Revenue Growth-11.10%
EPS Growth-536.68%
CountryUS
Employees62
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)-2.29
Shares Outstanding3,520,113
10 Day Avg. Volume8,848
30 Day Avg. Volume12,913
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.61
Price to Sales (P/S)0.31
P/FCF Ratio>-0.01
Enterprise Value/Market Cap1.48
Enterprise Value/Revenue0.27
Enterprise Value/Gross Profit3.45
Enterprise Value/Ebitda-1.70
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
Jewett-Cameron Trading Company Business Overview & Revenue Model
Company Description
Jewett-Cameron Trading Company Ltd., through its subsidiaries, engages in the manufacturing and distribution of specialty metal products and wholesale distribution of wood products to home centers, eCommerce providers, on-line direct consumers, an...
How the Company Makes Money
JCTC makes money by selling branded and private-label products it designs and/or sources to downstream buyers, generating revenue at the time products are shipped/sold through its distribution channels. Its core revenue streams come from (1) whole...
Jewett-Cameron Trading Company Earnings Call Summary
Earnings Call Date:Jan 14, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 20, 2026
Earnings Call Sentiment Negative
The call outlined meaningful operational actions — pricing renegotiations, headcount reductions, monetization of non-core assets, and expanded short-term liquidity — and highlighted bright spots such as a 45% increase at Greenwood and resilience in the metal fence business. However, these positives are outweighed by significant near-term financial deterioration: a swing from +18.3% to -12.5% gross margin driven by $2.2M of write-downs, a sharply higher inventory reserve, SG&A step-ups, and a substantially larger net loss of $3.9M. The company is executing remediation plans, but near-term results remain heavily impacted by inventory impairments, tariff uncertainty, and pressured categories (lumber and pet).Positive Updates
Revenue and Core Category Resilience
Total revenue was $8.3M in Q1 FY2026, down 7% from $9.3M a year ago, while the core metal fence business — the company's largest category — posted slight year-over-year sales growth, demonstrating resilience amid tariffs and weak consumer sentiment.
Negative Updates
Sharp Gross Margin Deterioration
Gross operating margin swung from +18.3% in Q1 FY2025 to -12.5% in Q1 FY2026, a deterioration of 30.8 percentage points, primarily driven by $2.2M in inventory write-downs and liquidation sales that carried little or no margin.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue and Core Category Resilience
Total revenue was $8.3M in Q1 FY2026, down 7% from $9.3M a year ago, while the core metal fence business — the company's largest category — posted slight year-over-year sales growth, demonstrating resilience amid tariffs and weak consumer sentiment.
Read all positive updates
Company Guidance
The company guided that its clear objective is to exit FY2026 with a sustainable, more focused business model, targeting annual operating expense reductions of $1.0–$3.0 million and continuing headcount cuts (wages and benefits down to $1.2M from $1.7M) to align costs with pricing; Q1 revenue was $8.3M (down 7% from $9.3M), gross operating margin was negative 12.5% (vs. +18.3% a year ago) principally due to $2.2M of inventory write-downs, and net loss was $3.9M, or $1.12 per share (vs. a $658K loss, $0.19 per share, in Q1 2025). Management emphasized focusing on its resilient metal fence business (sales up slightly) and Greenwood (sales +45%), monetizing non‑core assets (industrial lumber, selected pet assets, wood fencing, seed processing/storage and innovation studio), reducing slow‑moving pet and lumber inventory, and improving pricing (most renegotiated price increases began implementing in 2026). On the balance sheet, inventory was $13.5M at 11/30/2025 (vs. $15.9M in August) with an inventory allowance of $3.05M (up $1.85M from August, including a $2.2M reserve adjustment); financing flexibility was increased via a NorthRim amendment (AR purchase cap raised from 80% to 90% and ceiling from $6M to $8M, inventory advance rate from 25% to 50%, max borrowing from $4M to $6.5M) and the company had $4.2M borrowed under the line as of 11/30/2025.Jewett-Cameron Trading Company Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
56
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Nov 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 42.17M | 41.30M | 47.15M | 54.29M | 62.90M | 57.50M |
| Gross Profit | 3.31M | 6.25M | 8.88M | 12.25M | 13.79M | 14.15M |
| EBITDA | -6.72M | -3.43M | -1.42M | 828.61K | 2.06M | 4.67M |
| Net Income | -8.09M | -4.13M | 721.75K | -20.63K | 1.16M | 3.45M |
Balance Sheet | ||||||
| Total Assets | 21.88M | 25.48M | 27.49M | 29.80M | 34.52M | 29.14M |
| Cash, Cash Equivalents and Short-Term Investments | 546.61K | 226.21K | 4.85M | 83.70K | 484.46K | 1.18M |
| Total Debt | 4.28M | 2.10M | 0.00 | 1.26M | 7.00M | 3.00M |
| Total Liabilities | 6.29M | 4.70M | 2.73M | 5.79M | 10.42M | 6.26M |
| Stockholders Equity | 15.59M | 20.78M | 24.85M | 24.10M | 24.09M | 22.87M |
Cash Flow | ||||||
| Free Cash Flow | -4.16M | -6.73T | 5.92M | 5.27M | -4.70M | -5.62M |
| Operating Cash Flow | -4.11M | -6.61T | 6.03M | 5.60M | -3.44M | -4.42M |
| Investing Cash Flow | -58.36K | -114.21B | 149.00 | -256.17K | -1.26M | -1.19M |
| Financing Cash Flow | 4.28M | 2.10T | -1.26M | -5.74M | 4.00M | 3.00M |
Jewett-Cameron Trading Company Technical Analysis
Positive
2.38
Price Trends
1.90
Positive
1.92
Positive
2.48
Negative
Market Momentum
0.09
Negative
56.39
Neutral
63.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JCTC, the sentiment is Positive. The current price of 2.38 is above the 20-day moving average (MA) of 2.06, above the 50-day MA of 1.90, and below the 200-day MA of 2.48, indicating a neutral trend. The MACD of 0.09 indicates Negative momentum. The RSI at 56.39 is Neutral, neither overbought nor oversold. The STOCH value of 63.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JCTC.
Jewett-Cameron Trading Company Risk Analysis
Jewett-Cameron Trading Company disclosed 16 risk factors in its most recent earnings report. Jewett-Cameron Trading Company 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 0 New Risks
Jewett-Cameron Trading Company Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | $7.69M | -0.95 | -18.10% | ― | -11.10% | -536.68% | |
49 Neutral | $489.44M | 6.37 | 17.12% | 3.26% | 0.82% | ― | |
48 Neutral | $3.23M | -0.21 | -7.27% | ― | -0.28% | -4.98% | |
45 Neutral | $262.84M | -10.44 | -3.08% | ― | -11.89% | 79.35% | |
41 Neutral | $62.29M | -0.12 | -242.96% | 10.77% | -7.34% | -479.98% | |
41 Neutral | $13.64M | -2.32 | ― | ― | -32.13% | 32.85% |
* Basic Materials Sector Average
JCTC
Jewett-Cameron Trading Company
2.19
-1.57
-41.89%
CLW
Clearwater Paper
16.30
-11.90
-42.20%
MERC
Mercer International
0.93
-2.61
-73.74%
ITP
IT Tech Packaging
0.19
<0.01
4.40%
MATV
Mativ Holdings
8.88
2.94
49.52%
NWGL
Nature Wood Group Limited Sponsored ADR
0.82
-0.76
-47.85%
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.