Deep Value: cash covers more than 100% of the stock price

This company holds roughly $11M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

CEA Industries

BNCWZ

Software - Infrastructure · Technology

Price

$0.04

-0.02 (-29.22%)

Market Cap

$9.6M

Exchange

NASDAQ

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jan 31, 2026

How the score breaks down

Quality

Mixed

Growth

Good

Cash Flow

Weak

Stability

Good

Valuation

Data not available

Track this stock — start free trial

Share count rising — dilution

+40216.6% over 5y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 132K (2021) → 53.2M (2026)

Winston Score History

The full picture

CEA Industries Inc. builds specialized equipment and systems for controlled environment agriculture, which means indoor farming operations like cannabis grow facilities and food production greenhouses. The company designs things like HVAC systems, environmental controls, and climate management tools that help growers keep temperature, humidity, and air quality at the right levels. Its main customers are commercial cannabis cultivators and other indoor crop producers across North America.

The company earns revenue by selling custom-engineered equipment and taking on project-based contracts rather than charging ongoing subscriptions. CEA Industries operates primarily in the United States and is a small company with a market cap close to zero, meaning it is very early stage and thinly traded. The biggest risk the business faces is that the cannabis industry has struggled with oversupply and falling prices, which has caused many growers to cut spending on new equipment, directly hurting demand for what CEA Industries sells.

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

YoY Growth Rate

Revenue data limited

EPS Growth

YoY Growth Rate

EPS data limited

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

83.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$11M cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

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.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

24.0%

Thin — 24.0% gross margin

Profit after running costs

Operating Margin

-2240.2%

Losing money on operations — -2240.2%

Return on the money invested

ROCE

24434.8%

Exceptional — 24434.8% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

>+1,000%

Fast-growing sales (>+1,000% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

Weak — only 0% of profit becomes cash

Spare cash per sale

FCF Margin

3.6%

Thin free cash flow (3.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.01

Conservative — low debt load (0.01)

Covers its interest

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial