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Vitreous Glass
(VCI)
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Rating:83Outperform
Price Target:
C$8.00
▲(14.29% Upside)
Action:Reiterated
Date:08/24/26
The score is driven primarily by strong financial quality (high margins and essentially no debt), supported by reasonable valuation (P/E ~12.3) and a high dividend yield (~6.8%). Technicals are positive with the stock above key moving averages, though elevated stochastic suggests momentum may be somewhat extended.
Positive Factors
Strong profitable growth
Sustained high margins combined with strong TTM revenue growth indicate effective operations and pricing power. This profitability provides internal funding capacity and resilience over the next several months.
Negative Factors
Declining free cash flow
The sharp free-cash-flow decline and weaker conversion from earnings suggest working-capital or spending variability. If persistent, this could reduce flexibility and make shareholder returns less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitable growth
Sustained high margins combined with strong TTM revenue growth indicate effective operations and pricing power. This profitability provides internal funding capacity and resilience over the next several months.
Read all positive factors
Vitreous Glass (VCI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$44.24M
Dividend Yield6.72%
Average Volume (3M)2.31K
Price to Earnings (P/E)12.5
Beta (1Y)0.24
Revenue Growth20.51%
EPS Growth36.43%
CountryCA
Employees20
SectorGeneral
Sector StrengthN/A
IndustryWaste Management
Share Statistics
EPS (TTM)0.56
Shares Outstanding6,356,050
10 Day Avg. Volume2,590
30 Day Avg. Volume2,305
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)7.73
Price to Sales (P/S)2.75
P/FCF Ratio11.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Vitreous Glass Business Overview & Revenue Model
Company Description
Vitreous Glass Inc. focuses on processing and supplying recycled glass to the Canadian fiberglass manufacturing industry. The company provides meticulously prepared, furnace-ready cullet specifically for fiberglass insulation producers, enabling i...
Vitreous Glass Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.07M | 14.07M | 9.66M | 10.19M | 9.62M | 12.12M |
| Gross Profit | 7.01M | 6.34M | 4.96M | 5.07M | 4.38M | 6.31M |
| EBITDA | 4.76M | 4.13M | 3.32M | 3.44M | 3.00M | 4.49M |
| Net Income | 3.61M | 3.14M | 2.40M | 2.54M | 2.17M | 3.37M |
Balance Sheet | ||||||
| Total Assets | 7.28M | 6.66M | 5.12M | 5.41M | 5.49M | 5.15M |
| Cash, Cash Equivalents and Short-Term Investments | 1.85M | 2.89M | 1.88M | 2.26M | 1.74M | 2.45M |
| Total Debt | 0.00 | 0.00 | 59.45K | 80.09K | 99.77K | 118.53K |
| Total Liabilities | 2.02M | 1.67M | 1.10M | 1.26M | 1.24M | 985.68K |
| Stockholders Equity | 5.26M | 5.00M | 4.02M | 4.15M | 4.26M | 4.16M |
Cash Flow | ||||||
| Free Cash Flow | 2.18M | 3.24M | 2.18M | 3.19M | 1.39M | 4.41M |
| Operating Cash Flow | 3.02M | 3.47M | 2.33M | 3.27M | 1.97M | 4.52M |
| Investing Cash Flow | -841.19K | -234.96K | -152.35K | -87.18K | -580.42K | -108.56K |
| Financing Cash Flow | -2.81M | -2.23M | -2.56M | -2.66M | -2.10M | -3.48M |
Vitreous Glass Technical Analysis
Positive
7.00
Price Trends
6.69
Positive
6.54
Positive
6.54
Positive
Market Momentum
0.06
Positive
54.92
Neutral
65.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VCI, the sentiment is Positive. The current price of 7 is above the 20-day moving average (MA) of 6.98, above the 50-day MA of 6.69, and above the 200-day MA of 6.54, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 54.92 is Neutral, neither overbought nor oversold. The STOCH value of 65.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:VCI.
Vitreous Glass Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | C$44.24M | 12.48 | 70.03% | 6.72% | 20.51% | 36.43% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$52.89M | -9.43 | -14.00% | ― | 39.33% | -660.48% | |
44 Neutral | C$12.97M | -2.90 | 123.35% | ― | ― | 94.33% | |
41 Neutral | C$28.15M | -1.44 | 152.16% | ― | 6.95% | -13.65% |
* General Sector Average
TSE:VCI
Vitreous Glass
6.99
1.38
24.58%
TSE:BLM
BluMetric Environmental
0.89
-0.47
-34.56%
TSE:CMC
Cielo Waste Solutions
0.06
<0.01
9.09%
TSE:VTX
Vertex Resource Group Ltd.
0.16
-0.07
-28.89%
TSE:ROOF
Northstar Clean Technologies
0.16
-0.17
-52.31%
Vitreous Glass Corporate Events
Business Operations and StrategyExecutive/Board Changes
Vitreous Glass Grants Deferred Share Units to Independent Director
Positive
Aug 17, 2026
Vitreous Glass Inc. has granted 533 deferred share units to an independent director as a non-cash settlement of dividends tied to previously issued DSUs and recent common share dividends. The issuance reflects the company’s use of equity-bas...
Dividends
Methanex Declares Quarterly Dividend for September 2026
Positive
Jul 16, 2026
Methanex’s board of directors has declared a quarterly dividend of US$0.185 per share, underscoring the company’s ongoing commitment to returning cash to shareholders. The dividend will be paid on September 30, 2026, to common sharehol...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.