Executive Summary
Vitreous Glass Inc. cleans, crushes, and sells waste glass to the fiberglass manufacturing industry in Alberta, Canada.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and good value.
Share Price & News
How has Vitreous Glass's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VCI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.4%
VCI
-0.1%
CA Basic Materials
0.1%
CA Market
1 Year Return
-2.0%
VCI
46.2%
CA Basic Materials
12.2%
CA Market
Return vs Industry: VCI underperformed the Canadian Basic Materials industry which returned 46.2% over the past year.
Return vs Market: VCI underperformed the Canadian Market which returned 12.2% over the past year.
Shareholder returns
| VCI | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.4% | -0.1% | 0.1% |
| 30 Day | -4.9% | 2.1% | 0.2% |
| 90 Day | -10.0% | 1.9% | 0.4% |
| 1 Year | 6.4%-2.0% | 47.6%46.2% | 15.9%12.2% |
| 3 Year | 28.3%-2.5% | 14.3%11.5% | 16.0%5.4% |
| 5 Year | 106.5%25.9% | 106.0%97.3% | 33.5%13.7% |
Price Volatility Vs. Market
How volatile is Vitreous Glass's share price compared to the market and industry in the last 5 years?
Simply Wall St News
10 months ago | Simply Wall St
Can Vitreous Glass Inc.'s (CVE:VCI) ROE Continue To Surpass The Industry Average?1 year ago | Simply Wall St
Vitreous Glass Inc (CVE:VCI): Did It Outperform The Industry?1 year ago | Simply Wall St
Should You Be Tempted To Buy Vitreous Glass Inc (CVE:VCI) At Its Current PE Ratio?Valuation
Is Vitreous Glass undervalued compared to its fair value and its price relative to the market?
33.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VCI (CA$3.5) is trading below our estimate of fair value (CA$5.25)
Significantly Below Fair Value: VCI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VCI is good value based on its PE Ratio (12.4x) compared to the Basic Materials industry average (24.6x).
PE vs Market: VCI is good value based on its PE Ratio (12.4x) compared to the Canadian market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VCI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VCI is overvalued based on its PB Ratio (5.8x) compared to the XN Basic Materials industry average (2x).
Next Steps
Future Growth
How is Vitreous Glass forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
19.6%
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Vitreous Glass has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Vitreous Glass is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Vitreous Glass competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Vitreous Glass performed over the past 5 years?
-1.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VCI has high quality earnings.
Growing Profit Margin: VCI's current net profit margins (20.8%) are lower than last year (24.6%).
Past Earnings Growth Analysis
Earnings Trend: VCI's earnings have declined by -1.5% per year over the past 5 years.
Accelerating Growth: VCI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VCI had negative earnings growth (-16.6%) over the past year, making it difficult to compare to the Basic Materials industry average (-20.1%).
Return on Equity
High ROE: VCI's Return on Equity (46.5%) is considered outstanding.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Vitreous Glass's financial position?
Financial Position Analysis
Short Term Liabilities: VCI's short term assets (CA$3.2M) exceed its short term liabilities (CA$910.3K).
Long Term Liabilities: VCI's short term assets (CA$3.2M) exceed its long term liabilities (CA$183.2K).
Debt to Equity History and Analysis
Debt Level: VCI is debt free.
Reducing Debt: VCI had no debt 5 years ago.
Debt Coverage: VCI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: VCI has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: VCI has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if VCI's debt is covered by short term assets.
Next Steps
Dividend
What is Vitreous Glass's current dividend yield, its reliability and sustainability?
8.86%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: VCI's dividend (8.86%) is higher than the bottom 25% of dividend payers in the Canadian market (2%).
High Dividend: VCI's dividend (8.86%) is in the top 25% of dividend payers in the Canadian market (5.65%)
Stability and Growth of Payments
Stable Dividend: VCI's dividend payments have been volatile in the past 10 years.
Growing Dividend: VCI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Vitreous Glass's salary, the management and board of directors tenure and is there insider trading?
7.7yrs
Average board tenure
CEO
Pat Cashion 0
0yrs
Tenure
CA$916,232
Compensation
Mr. J. Patrick Cashion, also known as Pat, has been the President of Vitreous Glass Inc. (formerly, Vitreous Capital Inc.) since February 01, 1993 and serves as its Chief Executive Officer and Director. Mr ...
CEO Compensation Analysis
Compensation vs Market: Pat's total compensation ($USD694.06K) is above average for companies of similar size in the Canadian market ($USD170.44K).
Compensation vs Earnings: Pat's compensation has been consistent with company performance over the past year.
Board Age and Tenure
7.7yrs
Average Tenure
Experienced Board: VCI's board of directors are considered experienced (7.7 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Pat Cashion
President
- Tenure: 0yrs
- Compensation: CA$916.23k
Timothy Rendell
CFO & Director
- Tenure: 6.8yrs
- Compensation: CA$50.63k
Board Members
Pat Cashion
President
- Tenure: 0yrs
- Compensation: CA$916.23k
Peter Schenkelberg
Independent Director
- Tenure: 15.8yrs
- Compensation: CA$10.00k
Dave Birkby
Independent Director
- Tenure: 7.7yrs
- Compensation: CA$10.00k
Timothy Rendell
CFO & Director
- Tenure: 6.8yrs
- Compensation: CA$50.63k
Meredith Cashion
Director
- Tenure: 2.8yrs
- Compensation: CA$10.00k
Company Information
Vitreous Glass Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Vitreous Glass Inc.
- Ticker: VCI
- Exchange: TSXV
- Founded:
- Industry: Construction Materials
- Sector: Materials
- Market Cap: CA$21.993m
- Shares outstanding: 6.28m
- Website: https://www.vitreousglass.ca
Location
- Vitreous Glass Inc.
- 212 East Lake Boulevard NE
- Airdrie
- Alberta
- T4A 2G2
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VCI | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Nov 1992 |
| VCIG.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Nov 1992 |
Biography
Vitreous Glass Inc. cleans, crushes, and sells waste glass to the fiberglass manufacturing industry in Alberta, Canada. It offers its products to the manufacturers of fiberglass building insulation for use ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/14 23:51 |
| End of Day Share Price | 2019/12/12 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/09/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.