JEWETT CAMERON TRADING CO LTD · Lumber & Other Building Materials Dealers

JCTC

Elevated riskNext report: Due any day

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The short version

A company still losing money with shrinking sales, with elevated risk. Insiders are buying.

Going well

Little debt

Watch out for

About 2 months of cash left at its current burn
Losing money
Revenue down 12.4% from the year before

Money moves

An insider bought $101K of shares with their own money in the last 30 days
Insiders sold $326K in the last 30 days
Institutions added 5.3% to their holdings in the quarter ending June 2026 (5 bought, 5 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$2.78+3.4% that day

Latest insider buy: A 10% owner bought at $2.91 on Oct 20. The stock is now $2.78, -4.5% since.

Company value: $10M; Share price times all shares
Price vs sales: 0.25x; No profit over the last year, so this compares value with sales instead
Cash vs value: 11%; Cash as a share of company value
Debt vs value: 43%; Debt as a share of company value

From JCTC's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, May '26

$9.9M-22% vs a year earlier

Aug '23Tap a barMay '26

Last 12 months: $39.4M, down 11% from the 12 months before. Over 5 years, sales shrank about 1.7% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of JCTC. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).

Sales growth-10% a yearRecently: -11% a yearProfit margin10%Last 12 months: -20.9%P/E at the end15xMany steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$23M

Profit in 5 years$2M

Price these guesses point to$9.92+257% vs $2.78 todayAbout +29% a year, before dividends

What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 30% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/7Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.-20.1%
PassDebt under half of equityNot relying on borrowed money.0.25x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-10.0%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$6.7M
PassShare count not growingNot diluting owners. Falling means buybacks.+0.5% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.15.1%

Revenue: $41.3M; -12.4% vs prior year
5-year growth: -1.7%/yr; revenue, per year
Total debt: $4.2M; 0.25x equity
Free cash flow: -$6.7M; -16.3% of revenue

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended May 31, 2026

Reported Jan 17, 2025

Revenue: $9.9M; -21.8% YoY
EPS: -$0.23; vs -$0.18
Op. margin: -7.8%; -2.3 pts
Gross margin: 18.0%; +3.0 pts
Free cash flow: $3.5M
Share count: +0.1%; vs a year ago

Insider rating

Last 90 days

45Mixed

1 insider bought $120K
1 insider sold $326K (not pre-planned)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

23/ 100

This week: 1
Normal week: 3.3
vs normal: 0.3x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+5.3%

Institutions added 5.3% to their holdings. 5 bought, 5 sold.

Shares held by institutions486K

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+0.2%

Cash runwayAt last year's cash burn

2 months

Debt to equityLatest balance sheet: debt compared with what owners have

0.1x · $1.3M debt

Shares outstandingLatest reported

Why elevated risk

Losing money
About 2 months of cash left at its current burn
Revenue down 12.4% from the year before

Earnings reports

Last 3

Next reportDue any dayEstimated from the same quarter last year

Results filedJan 17, 2025
Results filedApr 11, 2007
Results filedNov 15, 2006

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (active)Oct 2 · View filing ↗Activist 5%+ holder update (active)Oct 2 · View filing ↗Activist 5%+ holder update (active)Sep 25 · View filing ↗Activist 5%+ holder update (active)Aug 21 · View filing ↗Activist New 5%+ holder (active)Aug 17 · View filing ↗Activist 5%+ holder update (active)Aug 10 · View filing ↗Activist

Insider trades

Open-market buys and sells, last 90 days

Bought$120K1 insider

Sold$326K1 insider, 0 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
AJB Investment Fund II, LP10% owner	Buy	7K	$2.91	$21K	544K	Oct 20Filing ↗
+1.4% of their holdings 3 trades Traded Oct 16 to Oct 20 Held see footnote Filed jointly with 3 others Filed same day
AJB Investment Fund II, LP10% owner	Buy	5K	$2.91	$13K	536K	Oct 15Filing ↗
+0.9% of their holdings 3 trades Traded Oct 13 to Oct 15 Held see footnote Filed jointly with 3 others Filed same day
AJB Investment Fund II, LP10% owner	Buy	12K	$2.91	$36K	532K	Oct 12Filing ↗
+2.4% of their holdings $2.91 to $2.93 across 7 trades Traded Oct 8 to Oct 12 Held see footnote Filed jointly with 3 others Filed 1 day after
AJB Investment Fund II, LP10% owner	Buy	14	$2.93	$41	520K	Oct 5Filing ↗
+0% of their holdings Held see footnote Filed jointly with 3 others Filed 2 days after
AJB Investment Fund II, LP10% owner	Buy	8K	$2.91	$23K	518K	Oct 2Filing ↗
+1.6% of their holdings $2.91 to $2.94 across 6 trades Traded Sep 30 to Oct 2 Held see footnote Filed jointly with 3 others Filed same day
Community Foundation Oregon10% owner	Sell	176K	$1.85	$326K	563K	Sep 30Filing ↗
-23.8% of their holdings Not a pre-planned sale Filed 2 days after
AJB Investment Fund II, LP10% owner	Buy	3K	$2.91	$8K	512K	Sep 29Filing ↗
+0.5% of their holdings $2.91 to $2.92 across 3 trades Traded Sep 28 to Sep 29 Held see footnote Filed jointly with 3 others Filed 1 day after
AJB Investment Fund II, LP10% owner	Buy	6K	$2.92	$19K	509K	Sep 25Filing ↗
+1.3% of their holdings $2.91 to $2.94 across 4 trades Traded Sep 23 to Sep 25 Held see footnote Filed jointly with 3 others Filed same day