Jewett-Cameron Trading Company (JCTC) Stock Analysis & Winston Score

Jewett-Cameron Trading Company is a small Canadian company that makes and sells fencing, gates, and wood products. Its main products include modular steel fencing systems, kennels, and garden products sold under brand names like Perimeter Plus and Lucky Dog. It sells mostly to retail customers, pet stores, and home improvement channels across North America.

The company earns revenue by manufacturing and selling physical products, primarily through wholesale and retail distribution. It operates mainly in the United States and Canada and is a very small business with a market cap under $10 million. The financials reflect real challenges — a gross margin below 8% and a deeply negative operating margin suggest the company struggles to cover its costs. The biggest risk is that thin margins leave almost no room for error, and the company faces stiff competition from larger manufacturers with greater scale and lower production costs.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+16.4% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-118.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

33.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 months

$546,614 cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Jewett-Cameron Trading Company has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.9% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 3.5M (2021) → 3.5M (2025)

Score breakdown

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Quality

Gross Margin

15.7%

Thin — 15.7% gross margin

Operating Margin

-10.6%

Losing money on operations — -10.6%

ROCE

-5.6%

Weak — -5.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-7.4%

Shrinking sales (-7.4% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-12.8%

Burning cash (-12.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.27

Conservative — low debt load (0.27)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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