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Vitreous Glass (VCI) AI Stock Analysis

TSE:VCI

Vitreous Glass

(TSXV:VCI)

Select Model
Rating:83Outperform
Price Target:CAD 8.00â–²(16.11% 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 growthSustained 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 flowThe 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.

Vitreous Glass (VCI) vs. iShares MSCI Canada ETF (EWC)

-10%-5%0%5%10%15%20%25%30%TSE:VCI+16.64%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 43.79M
Dividend Yield
5.66%
Average Volume (3M)
2,499
Price to Earnings (P/E)
12.3
Beta (1Y)
0.24
Revenue Growth
20.51%
EPS Growth
36.43%
Country
Canada
Employees
20
Sector
General
Sector Strength
55
Industry
Waste Management

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 its...

Vitreous Glass Financial Statement Overview

Summary

High-quality fundamentals with strong TTM profitability (gross margin ~46%, operating ~31%, net ~24%) and very low financial risk from effectively zero debt. The main constraint is cash-flow variability, with free cash flow down ~30% and weaker cash conversion (~72% of net income vs. ~93–97% previously).

Income Statement

86Very Positive

Balance Sheet

92Very Positive

Cash Flow

74Positive
Financial statement breakdown
BreakdownTTMSep 2025Sep 2024Sep 2023Sep 2022Sep 2021
Income Statement
Total Revenue15.07M14.07M9.66M10.19M9.62M12.12M
Gross Profit7.01M6.34M4.96M5.07M4.38M6.31M
EBITDA4.76M4.13M3.32M3.44M3.00M4.49M
Net Income3.61M3.14M2.40M2.54M2.17M3.37M
Balance Sheet
Total Assets7.28M6.66M5.12M5.41M5.49M5.15M
Cash, Cash Equivalents and Short-Term Investments1.85M2.89M1.88M2.26M1.74M2.45M
Total Debt0059.45K80.09K99.77K118.53K
Total Liabilities2.02M1.67M1.10M1.26M1.24M985.68K
Stockholders Equity5.26M5.00M4.02M4.15M4.26M4.16M
Cash Flow
Free Cash Flow2.18M3.24M2.18M3.19M1.39M4.41M
Operating Cash Flow3.02M3.47M2.33M3.27M1.97M4.52M
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

Technical Analysis SentimentPositive
Last Price6.89

Price Trends

50DMA6.84Positive
100DMA6.63Positive
200DMA6.56Positive

Market Momentum

MACD-0.03Negative
RSI55.56Neutral
STOCH64.97Neutral

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 6.89 is above the 20-day moving average (MA) of 6.72, above the 50-day MA of 6.84, and above the 200-day MA of 6.56, indicating a bullish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 55.56 is Neutral, neither overbought nor oversold. The STOCH value of 64.97 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

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TSE:VCI against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TSE:VCITSE:VCI83OutperformCAD 43.79M12.3070.03%5.66%20.51%36.43%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TSE:BLMTSE:BLM54NeutralCAD 44.63M-8.58-14.00%―39.33%-660.48%
TSE:ROOFTSE:ROOF41NeutralCAD 24.83M-1.40152.16%―6.95%-13.65%

* General Sector Average

Performance Comparison

-40%-20%0%TSE:VCITSE:BLMTSE:VTXTSE:ROOFDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:VCI and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:VCIVitreous Glass6.890.8914.81%
TSE:BLMBluMetric Environmental0.81-0.73-47.40%
TSE:VTXVertex Resource Group Ltd.0.22-0.02-8.33%
TSE:ROOFNorthstar Clean Technologies, Inc.0.15-0.18-54.55%

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-based...

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 shareholder...

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.

Date of analysis: Aug 24, 2026