olivLaw · US equity research
Jewett-Cameron Trading Company Ltd. JCTC
Retail-Lumber & Other Building Materials Dealers · SIC 5211 · Vertical: Building materials and hardware retail (SIC 52xx)
Jewett-Cameron Trading Company Ltd. designs, sources and distributes fencing, pet and sustainable bag products, selling mainly through big-box home improvement retailers in North America. The company went through a difficult year, with sales of 41.3 mn USD in fiscal 2025 after import tariffs eroded margins, and management is now evaluating strategic alternatives.
At the close of 04 Nov 2026, Jewett-Cameron Trading Company Ltd. (JCTC) stock was 2.87 USD (+0.70% on the day), with market capitalisation 10.1 m USD, beta 0.30, 52-week range 1.59–3.30 USD. Latest reported quarter (Q3 2026): revenue of 9.9 m USD (−21.8% YoY), net income of -814.3 k USD, diluted EPS -0.23 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 51.7
- neutral
- Bollinger (20, 2)
- 2.70 – 2.99
- in the upper half of the band · %B 0.59 · band width 10.4%
- SMA 50 / 200
- 2.90 / 2.33
- mixed trend
- MACD (12, 26, 9)
- -0.03 / -0.03
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −3.4% | −1.1% | −2.3 pp | — |
| 3 months | +3.6% | −0.5% | +4.1 pp | — |
| 6 months | +44.2% | +4.4% | +39.8 pp | — |
| Year to date | +27.6% | +12.3% | +15.2 pp | — |
| 1 year | +10.0% | +13.5% | −3.6 pp | −10.7% |
| 3 years | −37.3% | +76.4% | −113.7 pp | −9.9% |
| 5 years | −73.5% | +63.7% | −137.2 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 31 May 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.2 m | 9.3 m | 9.1 m | 12.6 m | 10.4 m | 8.7 m | 10.5 m | 9.9 m |
| Cost of revenue | 11.3 m | 7.6 m | 7.2 m | 10.7 m | 9.5 m | 9.7 m | 8.9 m | 8.1 m |
| Gross profit | 1.9 m | 1.7 m | 1.8 m | 1.9 m | 853.4 k | -1.1 m | 1.6 m | 1.8 m |
| SG&A | 945.8 k | 809.2 k | 940.2 k | 1.0 m | 1.1 m | 1.4 m | 1.4 m | 1.3 m |
| Operating income | -310.1 k | -858.1 k | -770.5 k | -687.8 k | -1.4 m | -3.8 m | -1.1 m | -768.3 k |
| Depreciation & amortisation | 84.5 k | 81.1 k | 81.2 k | 80.0 k | 80.2 k | 77.6 k | 62.2 k | 60.4 k |
| Pre-tax income | -287.9 k | -835.3 k | -761.1 k | -761.9 k | -1.5 m | -3.9 m | -1.2 m | -843.2 k |
| Income tax | -76.3 k | -176.6 k | -188.0 k | -112.3 k | 563.1 k | 30.4 k | -359 | -28.9 k |
| Net income | -190.5 k | -658.7 k | -573.1 k | -649.6 k | -2.2 m | -3.9 m | -1.2 m | -814.3 k |
| Diluted EPS | -0.05 ≈ | -0.19 | -0.16 | -0.18 | -0.64 ≈ | -1.12 | -0.35 | -0.23 |
| Operating cash flow | 3.8 m | -1.8 m | -2.6 m ≈ | -1.6 m ≈ | -636.4 k | -1.3 m | -531.6 k ≈ | 3.5 m ≈ |
| Capex | 0 | 37.3 k | 19.3 k ≈ | 36.7 k ≈ | 21.6 k | 0 | 0 ≈ | 0 ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 53.9 m | 45.4 m | 44.9 m | 57.5 m | 62.9 m | 54.3 m | 47.1 m | 41.3 m |
| Revenue YoY | +13.0% | −15.7% | −1.1% | +27.9% | +9.4% | −13.7% | −13.2% | −12.4% |
| Net income | 2.9 m | 2.1 m | 2.8 m | 3.5 m | 1.2 m | -20.6 k | 721.8 k | -4.1 m |
| Net income YoY | +7.1% | −28.1% | +32.6% | +24.1% | −66.3% | −101.8% | unavailable | −672.2% |
| Diluted EPS | 0.66 | 0.50 | 0.77 | 0.99 | 0.33 | -0.01 | 0.21 | -1.18 |
| Diluted EPS YoY | +10.0% | −24.2% | +54.0% | +28.6% | −66.7% | −103.0% | unavailable | −661.9% |
| net % | 5.4% | 4.6% | 6.2% | 6.0% | 1.9% | -0.0% | 1.5% | -10.0% |
| Free cash flow | 1.5 m | 6.3 m | -2.7 m | -5.6 m | -4.7 m | 5.4 m | 5.9 m | -6.7 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Aug 2025
- Cash
- 226.2 k USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 20.8 m USD
- Total assets
- 25.5 m USD
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- -18.1%
- ROA
- -15.6%
- FCF margin
- -16.3%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 44.9 m | 57.5 m | 62.9 m | 54.3 m | 47.1 m | 41.3 m | SEC (XBRL)· 01 Dec 2025verified |
| Cost of revenue | 32.5 m | 43.4 m | 49.1 m | 42.0 m | 38.3 m | 35.0 m | SEC (XBRL)· 01 Dec 2025verified |
| Gross profit | 12.5 m | 14.1 m | 13.8 m | 12.2 m | 8.9 m | 6.3 m | SEC (XBRL)· 01 Dec 2025verified |
| SG&A | 2.5 m | 3.2 m | 4.0 m | 4.0 m | 3.9 m | 3.9 m | SEC (XBRL)· 01 Dec 2025verified |
| Operating income | — | 3.7 m | 2.0 m | 430.7 k | -1.8 m | -3.8 m | SEC (XBRL)· 01 Dec 2025verified |
| Depreciation & amortisation | 217.7 k | 244.3 k | 319.6 k | 397.9 k | 352.9 k | 322.5 k | SEC (XBRL)· 01 Dec 2025verified |
| EBITDA | — | 4.0 m ≈ | 2.3 m ≈ | 828.6 k ≈ | -1.4 m ≈ | -3.4 m ≈ | SEC (XBRL)· 01 Dec 2025derived |
| Interest expense | 0 | 15.3 k | 163.0 k | 458.5 k | — | — | SEC (XBRL)· 28 Nov 2023verified |
| Pre-tax income | — | — | — | 42.5 k | 803.8 k | -3.9 m | SEC (XBRL)· 01 Dec 2025verified |
| Income tax | 1.1 m | 949.3 k | 558.8 k | 358.0 k | 103.2 k | 86.2 k | SEC (XBRL)· 01 Dec 2025verified |
| Net income | 2.8 m | 3.5 m | 1.2 m | -20.6 k | 721.8 k | -4.1 m | SEC (XBRL)· 01 Dec 2025verified |
| Diluted EPS | 0.77 | 0.99 | 0.33 | -0.01 | 0.21 | -1.18 | SEC (XBRL)· 01 Dec 2025verified |
| Weighted average diluted shares | 3.6 m | 3.5 m | 3.5 m | 3.5 m | 3.5 m | 3.5 m | SEC (XBRL)· 01 Dec 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 3.8 m | 1.2 m | 484.5 k | 83.7 k | 4.9 m | 226.2 k | SEC (XBRL)· 01 Dec 2025verified |
| Receivables | 6.3 m | 7.1 m | 7.2 m | 5.6 m | 3.7 m | 3.9 m | SEC (XBRL)· 01 Dec 2025verified |
| Inventories | 9.2 m | 14.4 m | 20.6 m | 18.3 m | 13.2 m | 15.9 m | SEC (XBRL)· 01 Dec 2025verified |
| Current assets | 20.3 m | 25.2 m | 29.6 m | 24.7 m | 23.2 m | 21.7 m | SEC (XBRL)· 01 Dec 2025verified |
| Property, plant & equipment, net | 3.0 m | 3.9 m | 4.8 m | 4.7 m | 3.8 m | 3.6 m | SEC (XBRL)· 01 Dec 2025verified |
| Intangibles (excl. goodwill) | 659 | 30.9 k | 33.4 k | 134.8 k | 112.2 k | 111.4 k | SEC (XBRL)· 01 Dec 2025verified |
| Total assets | 23.3 m | 29.1 m | 34.5 m | 29.8 m | 27.5 m | 25.5 m | SEC (XBRL)· 01 Dec 2025verified |
| Accounts payable | 1.1 m | 1.3 m | 1.6 m | 2.2 m | 1.2 m | 1.5 m | SEC (XBRL)· 01 Dec 2025verified |
| Current liabilities | 3.5 m | 6.1 m | 10.4 m | — | — | — | SEC (XBRL)· 29 Nov 2022verified |
| Total liabilities | 3.9 m | 6.3 m | 10.4 m | 5.7 m | 2.6 m | 4.7 m | SEC (XBRL)· 01 Dec 2025verified |
| Equity | 19.3 m | 22.9 m | 24.1 m † | 24.1 m † | 24.9 m † | 20.8 m † | SEC (XBRL)· 01 Dec 2025verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -2.2 m | -4.4 m | -3.4 m | 5.6 m | 6.0 m | -6.6 m | SEC (XBRL)· 01 Dec 2025verified |
| Capex | 449.3 k | 1.2 m | 1.3 m | 223.9 k | 110.5 k | 115.0 k | SEC (XBRL)· 01 Dec 2025verified |
| Free cash flow | -2.7 m ≈ | -5.6 m ≈ | -4.7 m ≈ | 5.4 m ≈ | 5.9 m ≈ | -6.7 m ≈ | SEC (XBRL)· 01 Dec 2025derived |
| Investing cash flow | -448.9 k | -1.2 m | -1.3 m | -256.2 k | 149 | -114.2 k | SEC (XBRL)· 01 Dec 2025verified |
| Financing cash flow | -3.2 m | 3.0 m | 4.0 m | -5.7 m | -1.3 m | 2.1 m | SEC (XBRL)· 01 Dec 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 3 of at least 6
- score weight coverage: 22.9% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 10.1 m USD
Key indicators
Coverage and freshness
Score by group
23% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 22.9% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -20.9% | 10 (vs peers) | 27% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -13.1% | 0 (on a fixed band) | 36% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 9.4% | 100 (on a fixed band) | 36% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality· partial10/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial100/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
JEWETT-CAMERON TRADING COMPANY LTD. (JCTC). Latest full fiscal year: 2025; data up to 2026-05-31.
Figures computed from the financial statements: revenue 41.3 m USD in 2025; YoY growth -12.4%; net margin -20.9%; ROE -43.7%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 22.9% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF yield: 9.4%
What contradicts it
- Net margin: -20.9%
- Revenue CAGR 3Y: -13.1%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, Current ratio, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Building materials and hardware retail (SIC 52xx) · same major group (2-digit SIC) · compared with 10 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| HDThe Home Depot, Inc. | 354.6 bn | 24.9 | 104.3% | 8.4% | +3.2% | −0% / +13% |
| LOWLowes Companies Inc | 128.7 bn | 19.4 | — | 7.3% | +3.1% | −5% / +15% |
| SHWThe Sherwin-Williams Company | 87.8 bn | 33.4 | 63.7% | 10.7% | +2.1% | +6% / +30% |
| FASTFastenal Co | 61.0 bn | 43.1 | 35.3% | 15.6% | +8.7% | +32% / +77% |
| TSCOTractor Supply Co | 19.1 bn | 10.3 | 73.4% | 11.9% | +4.3% | −33% / −10% |
| BLDRBuilders Firstsource, Inc. | 7.5 bn | 185.9 | 1.0% | 0.3% | −7.4% | −38% / −48% |
| FNDFloor & Decor Holdings, Inc. | 5.6 bn | 23.9 | 9.9% | 5.1% | +5.1% | −16% / −42% |
| GRWGGrowgeneration Corp. | 89.6 m | — | -17.1% | -10.1% | −14.4% | −2% / −43% |
| JCTCJewett-Cameron Trading Company Ltd. | 10.1 m | — | -43.7% | -20.9% | −12.4% | +10% / −37% |
| IPWiPower Inc. | 1.9 m | — | -66.0% | -58.2% | −68.4% | −100% / −100% |
| ZKHZKH Group Limited | — | — | -4.6% | -1.6% | +2.6% | −59% / unavailable |
1- and 3-year price returns: for JCTC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Jewett-Cameron Trading Company Ltd. designs, sources and distributes fencing, pet and sustainable bag products, selling mainly through big-box home improvement retailers in North America. The company went through a difficult year, with sales of 41.3 mn USD in fiscal 2025 after import tariffs eroded margins, and management is now evaluating strategic alternatives.
SWOT
Strengths
- The company owns patents and trademarks for its gate and fencing systems, which supports product differentiation.
- In-store displayers have increased product visibility and led to higher sales volumes.
- Multi-country sourcing has reduced dependence on a single supply source for some products.
Weaknesses
- The company posted a net loss in fiscal 2025 and has a history of operating losses in recent years.
- Reliance on a few large customers means losing a single retailer could materially affect revenue.
- Excess inventory of pet products and cedar fencing has generated write-downs and additional costs.
Opportunities
- Extending displayers to smaller retailers could open new sales channels for the company's fencing products.
- Selling surplus properties could add liquidity if the transactions are completed.
- Markets without US tariffs, such as Mexico, could support growth in pet products and sustainable bags.
Threats
- Changing import tariffs can raise costs and reduce margins, especially if customers do not accept price increases.
- Larger competitors may be better prepared to absorb tariffs and gain market share.
- Liquidity difficulties could force the company to cut operations or sell assets below market value.
Risks
- Financing and going concern uncertaintyhigh
The company stated that its borrowing is approaching the maximum allowed under its credit line, and without additional funding it could struggle to order product for the spring season. Management noted a high degree of risk and uncertainty about continuing as a going concern.
- Import tariffshigh
Tariffs on metal products from China and other countries can raise costs and reduce product competitiveness. The interpretation and application of new tariffs are also uncertain.
- Dependence on large customershigh
Losing one of its largest customers could sharply reduce sales and profitability, and the principal customer has said it intends to exit the consignment agreement in 2026.
- Dependence on outside suppliersmedium
Production is outsourced to a few manufacturers outside the United States, and production or shipping disruptions could delay deliveries to customers.
- Cybersecurity incidentmedium
A cybersecurity incident in October 2025 involved unauthorized access by a threat actor to parts of the company's IT environment, which could generate additional costs and operational risk.
Investment thesis
What would need to be true (bull case)
- If fencing sales and in-store displayers keep growing, revenue from the core segment could return to a healthier level.
- Selling surplus properties could strengthen the balance sheet and provide resources to support operations.
- If tariffs stabilize and the company shifts production to lower-tariff countries, margins could gradually recover.
What would break the thesis
- If financing does not expand, the company could be forced to sell inventory and assets below market value or cut operations.
- Dependence on a small number of customers leaves revenue exposed to any change in the relationship with large home improvement chains.
- The pet products market remains weak, and old inventory could require discounted sales and additional allowances.
What to watch
- Quarterly results and the trend in fencing salesQ4 2026
- Updates on the credit line with the bank and any new sources of financing2026
- Progress on the sale of the former JCSC seed property and the innovation lab property2026
- Outcome of the evaluation of strategic alternatives for the company and the Greenwood segmentnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Jewett-Cameron is an Oregon company listed on NASDAQ that focuses on innovative products for outdoor spaces, made by contract manufacturers. Its activity is organized in the Pet, Fencing and Other segment, which is the largest and includes the Adjust-A-Gate gate systems and Lucky Dog products, the Industrial wood products segment represented by Greenwood, and the corporate and administrative segment JC USA. Products are sold mainly to home improvement stores, eCommerce providers and direct consumers, and the customer base is highly concentrated.
The company closed its JCSC seed processing division in 2023 and listed that property for sale, a decision that reflects a refocus on fencing and outdoor products. Management has set a strategy centered on fencing products, disposing of excess inventory, monetizing non-core assets and cutting costs. Management and the board are also evaluating strategic alternatives for the company and for each operating segment.
Activity is seasonal, with higher sales between February and August, so inventory builds up before the season and gradually declines toward late summer. The company has no significant backlog because customers place firm orders a few months before delivery.
Segments
Pet, Fencing and Other
Fencing is the company's largest product line, with Adjust-A-Gate, Lifetime Steel Post and Euro Fence gate and fence systems, and Lucky Dog pet products complete the segment. Pet product sales fell sharply in the first quarter of fiscal 2025, and older pre-tariff inventory remained unsold in the warehouse.
Industrial wood products
Greenwood distributes specialty wood products, notably acoustic panels for transit buses, light rail cars and boats, and represents a small share of total sales. Management is evaluating strategic alternatives for this division because it intends to concentrate on the fencing and outdoor segment.
Corporate and administrative services
JC USA provides administrative, warehousing, accounting and credit services to the company's subsidiaries. It does not generate direct external sales but supports the operations of the other segments.
Market context
The North American fencing and outdoor products market depends on big-box home improvement retailers and on the seasonality of residential construction. Demand was weak in fiscal 2025, and consumer confidence was hit by the 2025 tariffs.
The pet products market has remained weak, and larger competitors may respond better to tariffs and trade changes. The company is expanding sales to large retailers in Mexico, where the absence of US tariffs makes its products more competitive.
Trends
- Import tariffsheadwind
Tariffs introduced from February 2025 raised import costs for metal products and eroded gross margins with a double-digit negative impact. The company could not fully pass these costs on, because customers must accept price increases.
- Diversified sourcingmixed
The company has established suppliers in Bangladesh and Vietnam alongside its original China source, which could reduce tariff costs for part of the range. Production of Lifetime Steel Posts in Vietnam has already begun.
- Dependence on few customersheadwind
The two largest customers account for a very large share of sales, and one customer has said it intends to move away from the consignment agreement in 2026. If these relationships change, revenue could fall significantly.
- In-store displayers expansiontailwind
Adjust-A-Gate and Lifetime Steel Post displayers have increased product visibility and sales at major home improvement chains. If these displayers extend to more retailers, they could support fencing sales.
Competitive position
The company acknowledges intense competition in all its sectors, with many firms offering similar products, some with greater financial, manufacturing and sales resources. Jewett-Cameron products are partly protected by patents and trademarks, but its wood products are easy to replace.
Larger competitors may be better placed to withstand border taxes and tariffs, which could lead to market share losses for Jewett-Cameron. Differentiation through design and functionality remains essential to keep customers.
- Fencing and gate suppliers
Competitors in the fencing sector offering similar products for the do-it-yourself market.
- Pet product manufacturers
Companies selling kennels and pet products through the same retail channels.
- Wood and wood product distributors
Alternative suppliers of wood products that can compete in the industrial segment.
- Sustainable bag suppliers
Companies selling compostable and recycled bags through retail and online channels.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report23 Oct 2026Material agreement · Financial statements and exhibits
- Current report10 Aug 2026Departure or appointment of officers · Financial statements and exhibits
- Quarterly report14 Jul 2026
- Current report23 Jun 2026Departure or appointment of officers · Financial statements and exhibits
- Quarterly report13 Apr 2026
- Current report27 Feb 2026Shareholder vote · Financial statements and exhibits
- Proxy statement29 Jan 2026
- Quarterly report14 Jan 2026
- Annual report01 Dec 2025
- Current report21 Oct 2025Material cybersecurity incident · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-08-31 · SEC / Jewett-Cameron Trading Company Ltd. · 01 Dec 2025
- [2] Form 10-Q, quarter ended 2026-05-31 · SEC / Jewett-Cameron Trading Company Ltd. · 14 Jul 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Jewett-Cameron Trading Company Ltd. · 17 Jan 2025
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.