Vitreous Glass Inc (TSE:VCI)
:VCI
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Vitreous Glass
(VCI)
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Rating:77Outperform
Price Target:
C$7.50
▲(2.04% Upside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by strong financial performance, highlighted by high margins, solid revenue growth, and a near debt-free balance sheet. Valuation is also supportive with a reasonable P/E and an attractive dividend yield. These strengths are tempered by weaker near-term technical signals, including negative MACD and trading below key short-term moving averages.
Positive Factors
Conservative balance sheet
Near-zero debt materially lowers financial risk and preserves strategic optionality. A debt-free capital structure supports sustained operations through downturns, funds organic growth or capital expenditures without dilution, and reduces refinancing risk over the next 2–6 months.
Negative Factors
Margin compression risk
Recent margin compression shows profitability is not immune to pressure; sustained margin declines would erode cash flow and reduce the ability to fund growth internally. If competitive or input-cost pressures persist, margins and long-term returns could be meaningfully impacted.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Near-zero debt materially lowers financial risk and preserves strategic optionality. A debt-free capital structure supports sustained operations through downturns, funds organic growth or capital expenditures without dilution, and reduces refinancing risk over the next 2–6 months.
Read all positive factors
Vitreous Glass (VCI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$38.77M
Dividend Yield3.74%
Average Volume (3M)2.62K
Price to Earnings (P/E)13.0
Beta (1Y)0.36
Revenue Growth45.73%
EPS Growth30.99%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryWaste Management
Share Statistics
EPS (TTM)0.14
Shares Outstanding6,356,050
10 Day Avg. Volume1,967
30 Day Avg. Volume2,623
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. cleans, crushes, and sells waste glass to the fiberglass manufacturing industry in Canada. The company offers its products to fiberglass insulation manufacturers for use as furnace ready cullet for use in their production facil...
Vitreous Glass Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
95
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.25M | 14.07M | 9.66M | 10.19M | 9.62M | 12.12M |
| Gross Profit | 7.04M | 6.34M | 4.96M | 5.07M | 4.38M | 6.31M |
| EBITDA | 4.72M | 4.13M | 3.32M | 3.44M | 3.00M | 4.49M |
| Net Income | 3.63M | 3.14M | 2.40M | 2.54M | 2.17M | 3.37M |
Balance Sheet | ||||||
| Total Assets | 6.38M | 6.66M | 5.12M | 5.41M | 5.49M | 5.15M |
| Cash, Cash Equivalents and Short-Term Investments | 2.61M | 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 | 1.31M | 1.67M | 1.10M | 1.26M | 1.24M | 985.68K |
| Stockholders Equity | 5.07M | 5.00M | 4.02M | 4.15M | 4.26M | 4.16M |
Cash Flow | ||||||
| Free Cash Flow | 2.89M | 3.24M | 2.18M | 3.19M | 1.39M | 4.41M |
| Operating Cash Flow | 3.40M | 3.47M | 2.33M | 3.27M | 1.97M | 4.52M |
| Investing Cash Flow | -509.17K | -234.96K | -152.35K | -87.18K | -580.42K | -108.56K |
| Financing Cash Flow | -2.86M | -2.23M | -2.56M | -2.66M | -2.10M | -3.48M |
Vitreous Glass Technical Analysis
Negative
7.35
Price Trends
6.90
Negative
6.69
Negative
6.25
Negative
Market Momentum
-0.21
Positive
32.97
Neutral
23.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VCI, the sentiment is Negative. The current price of 7.35 is above the 20-day moving average (MA) of 6.72, above the 50-day MA of 6.90, and above the 200-day MA of 6.25, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 32.97 is Neutral, neither overbought nor oversold. The STOCH value of 23.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | C$38.77M | 13.05 | 69.72% | 3.74% | 45.73% | 30.99% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | C$51.86M | -243.45 | -12.79% | ― | 63.49% | -133.70% | |
41 Neutral | C$36.29M | -5.91 | 5297.73% | ― | 135.68% | 68.99% | |
41 Neutral | C$12.49M | -5.76 | -352.14% | ― | ― | -72.78% | |
41 Neutral | C$31.43M | -3.11 | 307.55% | ― | 12.06% | -52.13% |
* General Sector Average
TSE:VCI
Vitreous Glass
6.10
1.24
25.51%
TSE:BLM
BluMetric Environmental
0.95
-0.22
-18.80%
TSE:ECM
Ecolomondo Corporation
0.16
0.01
6.67%
TSE:CMC
Cielo Waste Solutions
0.07
-0.02
-18.75%
TSE:VTX
Vertex Resource Group Ltd.
0.21
-0.03
-11.49%
TSE:ROOF
Northstar Clean Technologies
0.20
-0.15
-42.86%
Vitreous Glass Corporate Events
Business Operations and StrategyExecutive/Board Changes
Vitreous Glass Grants Deferred Share Units to Independent Director
Neutral
Feb 16, 2026
Vitreous Glass Inc. has granted 510 deferred share units to an independent director as a non-cash settlement of dividends tied to previously issued deferred share units. The award relates to dividends paid on common shares on February 13, 2026, an...
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.