Added to YB: 2025-07-17
Pitch date: 2025-07-15
VCI.V [neutral]
Vitreous Glass Inc.
+3.51%
current return
Author Info
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Company Info
Vitreous Glass Inc. cleans, crushes, and sells waste glass to the fiberglass manufacturing industry in Canada.
Market Cap
CAD 38.7M
Pitch Price
CAD 5.97
Price Target
N/A
Dividend
5.90%
EV/EBITDA
10.42
P/E
15.70
EV/Sales
3.20
Sector
Construction Materials
Category
growth
Vitreous Glass TSX:VCI Update: A case study of key contracts, compensation, and leveraged buyouts
VCI.V (holding update): Glass processor with 20% IRR, sales +60% YoY on new tolling agreement. Core business: crushing waste glass for 3 fiberglass makers. Recently secured long-term Alberta recycling contract despite structural decline in glass containers. New temp customer agreement adds 26% sales volume. Risk: short-term contract nature, eventual retirement of founder (paid 20% of op profit).
Read full article (5 min)