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Vitreous Glass Inc

Company price
6.61 CAD -0.28 ( 4.06%)
Last update at 2026-11-04T16:12:00Z
VOLUME
2026
Market Cap
43.22M
P/E
11.72

Momentum Score

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Vitreous Glass Inc. cleans, crushes, and sells waste glass to the fiberglass manufacturing industry in Canada. It offers its products to fiberglass building insulation manufacturers for use as a raw material to insulate homes. The company was incorporated in 1992 and is headquartered in Airdrie, Canada.

Source: TradingView
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Day Price Range
6.61
Low
6.73
High
52 Week Price Range
5.05
Low
7.40
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Vitreous Glass Inc (ticker VCI.V) is listed on the TSX Venture Exchange; public disclosures provide minimal detail about operations. Major long-term growth drivers are not clearly documented, so potential upside appears contingent on operational milestones, successful commercialization and revenue growth. Investors may find it interesting if upcoming filings and project updates confirm scalable operations and transparent financials.

Key risks include microcap illiquidity, limited operating history, execution and financing risk, potential operating losses and regulatory or environmental compliance exposure.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
6.89
Dividend Yield
-
Revenue TTM
15.25M
Revenue Per Share
2.41
Gross Profit TTM
7.18M
Debt / Equity
-
ROE
77.75%
Net Debt
-
ROCE
73.37%
Diluted EPS TTM
0.58

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Income before tax 4.04M 3.15M 3.30M 2.85M 4.36M
Net income 3.14M 2.40M 2.54M 2.17M 3.37M
Selling general administrative 2.36M 1.87M 1.76M 1.52M 1.93M
Gross profit 6.34M 4.96M 5.07M 4.38M 6.31M
Reconciled depreciation 0.15M 0.19M 0.15M 0.15M 0.12M
Ebit - - 3.30M 2.85M 4.36M
Ebitda - - 3.44M 3.00M 4.49M
Depreciation and amortization - - 0.15M 0.15M 0.12M
Operating income 3.95M 3.08M 3.30M 2.85M 4.36M
Other operating expenses - - 6.89M 6.77M 7.75M
Interest expense - - - - 0.00M
Tax provision 0.89M 0.75M 0.76M 0.68M 0.99M
Interest income 0.08M 0.05M - - -
Net interest income 0.08M 0.05M - - -
Income tax expense - - 0.76M 0.68M 0.99M
Total revenue 14.07M 9.66M 10.19M 9.62M 12.12M
Total operating expenses 10.13M 6.58M 1.78M 1.53M 1.94M
Cost of revenue 7.73M 4.70M 5.12M 5.24M 5.81M
Total other income expense net 0.01M 0.01M -0.01M 0.01M 0.00M
Net income from continuing ops 3.14M 2.40M 2.54M 2.17M 3.37M
Net income applicable to common shares - - - 2.17M 3.37M
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Total assets 6.66M 5.12M 5.41M 5.49M 5.15M
Total liab 1.67M 1.10M 1.26M 1.24M 0.99M
Total stockholder equity 5.00M 4.02M 4.15M 4.26M 4.16M
Common stock - - - 2.90M 2.90M
Capital stock 2.93M 2.93M 2.92M 2.90M 2.90M
Retained earnings 1.91M 0.98M 1.12M 1.22M 1.12M
Other liab - - - 0.31M 0.15M
Cash 2.89M 1.88M 2.26M 1.74M 2.45M
Total current liabilities 1.29M 0.71M 0.86M 0.84M 0.73M
Property plant equipment - - - 2.11M 1.68M
Total current assets 4.59M 3.09M 3.36M 3.38M 3.46M
Net tangible assets - - - 4.26M 4.16M
Net receivables 0.92M 0.49M 0.35M 0.56M 0.45M
Inventory 0.73M 0.67M 0.70M 1.02M 0.52M
Accounts payable 0.84M 0.32M 0.33M 0.42M 0.27M
Non current assets total 2.08M 2.03M 2.05M 2.11M 1.68M
Capital lease obligations 0.00M 0.06M 0.08M 0.10M 0.12M
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Investments - -0.15M -0.09M -0.58M -0.11M
Change to liabilities - - - 0.11M -0.25M
Total cashflows from investing activities - - - -0.58M -0.11M
Net borrowings -0.02M -0.02M - -0.02M -0.02M
Total cash from financing activities -2.23M -2.56M -2.66M -2.10M -3.48M
Change to operating activities - - - -0.01M -0.00M
Net income 3.14M 2.40M 2.54M 2.17M 3.37M
Change in cash 1.00M -0.38M 0.52M -0.71M 0.93M
Begin period cash flow 1.88M 2.26M 1.74M 2.45M 1.52M
End period cash flow 2.89M 1.88M 2.26M 1.74M 2.45M
Total cash from operating activities 3.47M 2.33M 3.27M 1.97M 4.52M
Depreciation 0.15M 0.19M 0.15M 0.15M 0.12M
Dividends paid 2.22M 2.53M 2.64M 2.07M 3.46M
Change to inventory -0.06M 0.03M 0.32M -0.50M 0.38M
Change to account receivables -0.43M -0.15M 0.12M -0.02M 0.89M
Other cashflows from financing activities - - -0.09M -0.58M -0.11M
Change to netincome - - - 0.17M -0.00M
Capital expenditures 0.23M 0.15M 0.09M 0.58M 0.11M
Change in working capital 0.10M -0.26M 0.56M -0.52M 1.02M
Stock based compensation 0.14M 0.01M 0.03M 0.05M -0.06M
Other non cash items 0.03M 0.00M 0.02M -0.00M 0.01M
Free cash flow 3.24M 2.18M 3.19M 1.39M 4.41M

Peer Comparison*

Sector: Industrials Industry: Waste Management

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
VCI
Vitreous Glass Inc
-0.28
4.06%
6.61 11.72 - 2.83 8.52 2.64 8.47
BQE
BQE Water Inc
1.00
1.45%
70.00 12.65 84.03 2.90 3.49 2.42 8.47
BLM
BluMetric Environmental Inc
0.01
1.23%
0.82 - - 0.74 1.52 0.81 66.06
GIP
Green Impact Partners Inc
-
-%
2.30 - 26.25 0.42 0.67 0.66 227.29
YES
CHAR Technologies Ltd
-0.01
5.13%
0.18 - 15.50 17.58 8.60 17.60 40.53

Profile*

Vitreous Glass Inc

Vitreous Glass Inc. cleans, crushes, and sells waste glass to the fiberglass manufacturing industry in Canada. It offers its products to fiberglass building insulation manufacturers for use as a raw material to insulate homes. The company was incorporated in 1992 and is headquartered in Airdrie, Canada.

212 East Lake Boulevard NE, Airdrie, AB, Canada, T4A 0H

403 948 7811

Name Title Year Born
Mr. J. Patrick Cashion C.A., CPA Pres, CEO & Director NA
Mr. Timothy H. Rendell C.A., CPA, CA CFO & Director NA
Mr. Darcy J. Forbes M.B.A. VP & COO NA
Mr. J. Patrick Cashion C.A., CPA President, CEO & Director NA
Mr. Lance Mierendorf C.A., CPA Chief Financial Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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