Jewett Cameron Trading Co. Ltd. (JCTC) intrinsic value & 10-year financials

Jewett Cameron Trading Co. Ltd. (JCTC) has a Graham intrinsic value of $0.93 per share. At $2.93 on Oct 20, 2026, the stock trades 215% above that value. Over the last 10 fiscal years revenue shrank 1.7% a year to $41.3M, with an average return on invested capital of 6.3%.

Graham intrinsic value
$0.93
Share price (Oct 20, 2026)
$2.93
Price vs Graham value
215% above
Market cap
$10.3M
Revenue (FY2025)
$41.3M
Revenue growth (10-yr CAGR)
-1.7%
ROIC (10-yr avg)
6.3%
Free cash flow (FY2025)
-$6.7M

JCTC 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $41.3M -$4.1M -$1.18 -$6.7M -9.1% -16.4%
FY2024 $47.1M $721.8K $0.21 $5.9M -3.8% -6.3%
FY2023 $54.3M -$20.6K -$0.01 $5.4M 0.8% 0.9%
FY2022 $62.9M $1.2M $0.33 -$4.7M 3.1% 5.7%
FY2021 $57.5M $3.5M $0.99 -$5.6M 6.5% 13.9%
FY2020 $44.9M $2.8M $0.77 -$2.7M — 14.0%
FY2019 $45.4M $2.1M $0.50 $6.3M — 10.0%
FY2018 $53.9M $2.9M $0.66 $1.5M 7.9% 14.4%
FY2017 $47.7M $2.7M $0.60 $1.9M 9.3% 14.5%
FY2016 $48.1M $2.1M $0.43 $2.2M 7.5% 12.5%

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

Executive summary

JEWETT CAMERON TRADING CO LTD is facing top-line stagnation, with revenue contracting over the decade.

JEWETT CAMERON TRADING CO LTD has historically struggled to out-earn its cost of capital, averaging just 6.3% ROIC.

Over the decade, JEWETT CAMERON TRADING CO LTD shows that management has aggressively returned capital to shareholders by retiring 27.9% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, JEWETT CAMERON TRADING CO LTD is modeled at -1.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.93 per share.

JCTC stock: frequently asked questions

What is the intrinsic value of Jewett Cameron Trading Co. Ltd. (JCTC) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -1.7% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, JCTC's intrinsic value is about $0.93 per share.

Is JCTC stock undervalued?

At $2.93 (close on Oct 20, 2026), JCTC trades 215% above its Graham value of $0.93. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Jewett Cameron Trading Co. Ltd. grown?

Revenue went from $48.1M in fiscal 2016 to $41.3M in fiscal 2025, a compound annual growth rate of -1.7%. Net income was -$4.1M in fiscal 2025.

Does Jewett Cameron Trading Co. Ltd. generate free cash flow?

Jewett Cameron Trading Co. Ltd. generated -$6.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 6 of the last 10 reported years.

What is JCTC's return on invested capital?

Average ROIC over the last 10 fiscal years was 6.3%, and average return on equity was 7.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this JCTC data come from?

From Jewett Cameron Trading Co. Ltd.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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