MSA SAFETY INC (MSA) Stock Fundamental Analysis
USA - NYSE:MSA - US5534981064 - Common Stock
169.93 USD
+0.66 (+0.39%)
MSA gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 84 industry peers in the Commercial Services & Supplies industry. Both the health and profitability get an excellent rating, making MSA a very profitable company, without any liquidiy or solvency issues. MSA is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
MSA had positive earnings in the past year.
MSA had a positive operating cash flow in the past year.
Each year in the past 5 years MSA has been profitable.
MSA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MSA has a better Return On Assets (10.86%) than 88.10% of its industry peers.
Looking at the Return On Equity, with a value of 22.11%, MSA belongs to the top of the industry, outperforming 90.48% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 13.57%, MSA belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MSA is above the industry average of 10.17%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.86% | ||
| ROE | 22.11% | ||
| ROIC | 13.57% |
ROA(3y)7.72%
ROA(5y)6.1%
ROE(3y)16.81%
ROE(5y)13.55%
ROIC(3y)14.63%
ROIC(5y)11.25%
1.3 Margins
The Profit Margin of MSA (15.15%) is better than 92.86% of its industry peers.
In the last couple of years the Profit Margin of MSA has grown nicely.
With an excellent Operating Margin value of 21.28%, MSA belongs to the best of the industry, outperforming 96.43% of the companies in the same industry.
MSA's Operating Margin has improved in the last couple of years.
MSA has a better Gross Margin (46.83%) than 84.52% of its industry peers.
In the last couple of years the Gross Margin of MSA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.28% | ||
| PM (TTM) | 15.15% | ||
| GM | 46.83% |
OM growth 3Y78.35%
OM growth 5Y6.79%
PM growth 3Y117.98%
PM growth 5Y9.9%
GM growth 3Y2.69%
GM growth 5Y0.88%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MSA is creating some value.
The number of shares outstanding for MSA remains at a similar level compared to 1 year ago.
MSA has more shares outstanding than it did 5 years ago.
MSA has a better debt/assets ratio than last year.
2.2 Solvency
MSA has an Altman-Z score of 5.35. This indicates that MSA is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 5.35, MSA belongs to the best of the industry, outperforming 84.52% of the companies in the same industry.
MSA has a debt to FCF ratio of 2.69. This is a good value and a sign of high solvency as MSA would need 2.69 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.69, MSA is in the better half of the industry, outperforming 76.19% of the companies in the same industry.
MSA has a Debt/Equity ratio of 0.54. This is a neutral value indicating MSA is somewhat dependend on debt financing.
MSA has a Debt to Equity ratio of 0.54. This is comparable to the rest of the industry: MSA outperforms 51.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 2.69 | ||
| Altman-Z | 5.35 |
ROIC/WACC1.61
WACC8.41%
2.3 Liquidity
MSA has a Current Ratio of 3.11. This indicates that MSA is financially healthy and has no problem in meeting its short term obligations.
MSA's Current ratio of 3.11 is amongst the best of the industry. MSA outperforms 84.52% of its industry peers.
MSA has a Quick Ratio of 1.90. This is a normal value and indicates that MSA is financially healthy and should not expect problems in meeting its short term obligations.
MSA's Quick ratio of 1.90 is fine compared to the rest of the industry. MSA outperforms 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.11 | ||
| Quick Ratio | 1.9 |
3. Growth
3.1 Past
MSA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.08%.
Measured over the past years, MSA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.91% on average per year.
Looking at the last year, MSA shows a small growth in Revenue. The Revenue has grown by 0.55% in the last year.
Measured over the past years, MSA shows a small growth in Revenue. The Revenue has been growing by 5.22% on average per year.
EPS 1Y (TTM)3.08%
EPS 3Y18.56%
EPS 5Y9.91%
EPS Q2Q%-3.98%
Revenue 1Y (TTM)0.55%
Revenue growth 3Y8.9%
Revenue growth 5Y5.22%
Sales Q2Q%2.52%
3.2 Future
Based on estimates for the next years, MSA will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.77% on average per year.
The Revenue is expected to grow by 4.60% on average over the next years.
EPS Next Y2.94%
EPS Next 2Y6.98%
EPS Next 3Y7.99%
EPS Next 5Y8.77%
Revenue Next Year3.09%
Revenue Next 2Y4.24%
Revenue Next 3Y4.31%
Revenue Next 5Y4.6%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
MSA is valuated rather expensively with a Price/Earnings ratio of 22.10.
MSA's Price/Earnings ratio is a bit cheaper when compared to the industry. MSA is cheaper than 65.48% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.34. MSA is around the same levels.
The Price/Forward Earnings ratio is 19.28, which indicates a rather expensive current valuation of MSA.
Based on the Price/Forward Earnings ratio, MSA is valued a bit cheaper than 66.67% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MSA to the average of the S&P500 Index (22.86), we can say MSA is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.1 | ||
| Fwd PE | 19.28 |
4.2 Price Multiples
MSA's Enterprise Value to EBITDA is on the same level as the industry average.
MSA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MSA is cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.35 | ||
| EV/EBITDA | 15.7 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MSA does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of MSA may justify a higher PE ratio.
PEG (NY)7.5
PEG (5Y)2.23
EPS Next 2Y6.98%
EPS Next 3Y7.99%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.24%, MSA has a reasonable but not impressive dividend return.
MSA's Dividend Yield is a higher than the industry average which is at 2.41.
With a Dividend Yield of 1.24, MSA pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.24% |
5.2 History
The dividend of MSA has a limited annual growth rate of 4.06%.
MSA has paid a dividend for at least 10 years, which is a reliable track record.
MSA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.06%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
MSA pays out 29.27% of its income as dividend. This is a sustainable payout ratio.
The dividend of MSA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP29.27%
EPS Next 2Y6.98%
EPS Next 3Y7.99%
NYSE:MSA (10/14/2025, 12:33:04 PM)
169.93
+0.66 (+0.39%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners95.81%
Inst Owner Change-0.06%
Ins Owners0.75%
Ins Owner Change-1.79%
Market Cap6.65B
Analysts76
Price Target195.64 (15.13%)
Short Float %3.7%
Short Ratio5.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.24% |
Yearly Dividend2
Dividend Growth(5Y)4.06%
DP29.27%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.28%
Min EPS beat(2)5.26%
Max EPS beat(2)7.29%
EPS beat(4)3
Avg EPS beat(4)3.08%
Min EPS beat(4)-0.61%
Max EPS beat(4)7.29%
EPS beat(8)7
Avg EPS beat(8)5.71%
EPS beat(12)11
Avg EPS beat(12)10.22%
EPS beat(16)14
Avg EPS beat(16)10.53%
Revenue beat(2)2
Avg Revenue beat(2)4.33%
Min Revenue beat(2)3.61%
Max Revenue beat(2)5.05%
Revenue beat(4)2
Avg Revenue beat(4)-0.25%
Min Revenue beat(4)-4.87%
Max Revenue beat(4)5.05%
Revenue beat(8)4
Avg Revenue beat(8)0.84%
Revenue beat(12)8
Avg Revenue beat(12)1.99%
Revenue beat(16)11
Avg Revenue beat(16)1.73%
PT rev (1m)0%
PT rev (3m)8.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.14%
EPS NY rev (1m)-0.06%
EPS NY rev (3m)1.48%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.08%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.1 | ||
| Fwd PE | 19.28 | ||
| P/S | 3.64 | ||
| P/FCF | 26.35 | ||
| P/OCF | 20.71 | ||
| P/B | 5.31 | ||
| P/tB | 31.92 | ||
| EV/EBITDA | 15.7 |
EPS(TTM)7.69
EY4.53%
EPS(NY)8.81
Fwd EY5.19%
FCF(TTM)6.45
FCFY3.79%
OCF(TTM)8.2
OCFY4.83%
SpS46.68
BVpS31.99
TBVpS5.32
PEG (NY)7.5
PEG (5Y)2.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.86% | ||
| ROE | 22.11% | ||
| ROCE | 17.17% | ||
| ROIC | 13.57% | ||
| ROICexc | 14.51% | ||
| ROICexgc | 28.62% | ||
| OM | 21.28% | ||
| PM (TTM) | 15.15% | ||
| GM | 46.83% | ||
| FCFM | 13.81% |
ROA(3y)7.72%
ROA(5y)6.1%
ROE(3y)16.81%
ROE(5y)13.55%
ROIC(3y)14.63%
ROIC(5y)11.25%
ROICexc(3y)15.96%
ROICexc(5y)12.44%
ROICexgc(3y)32.31%
ROICexgc(5y)24.61%
ROCE(3y)18.52%
ROCE(5y)14.24%
ROICexcg growth 3Y97.54%
ROICexcg growth 5Y5.68%
ROICexc growth 3Y98.64%
ROICexc growth 5Y5.18%
OM growth 3Y78.35%
OM growth 5Y6.79%
PM growth 3Y117.98%
PM growth 5Y9.9%
GM growth 3Y2.69%
GM growth 5Y0.88%
F-Score5
Asset Turnover0.72
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 2.69 | ||
| Debt/EBITDA | 1.47 | ||
| Cap/Depr | 102.54% | ||
| Cap/Sales | 3.76% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 70.46% | ||
| Profit Quality | 91.18% | ||
| Current Ratio | 3.11 | ||
| Quick Ratio | 1.9 | ||
| Altman-Z | 5.35 |
F-Score5
WACC8.41%
ROIC/WACC1.61
Cap/Depr(3y)77.54%
Cap/Depr(5y)90.68%
Cap/Sales(3y)2.75%
Cap/Sales(5y)3.08%
Profit Quality(3y)77.96%
Profit Quality(5y)213.06%
High Growth Momentum
Growth
EPS 1Y (TTM)3.08%
EPS 3Y18.56%
EPS 5Y9.91%
EPS Q2Q%-3.98%
EPS Next Y2.94%
EPS Next 2Y6.98%
EPS Next 3Y7.99%
EPS Next 5Y8.77%
Revenue 1Y (TTM)0.55%
Revenue growth 3Y8.9%
Revenue growth 5Y5.22%
Sales Q2Q%2.52%
Revenue Next Year3.09%
Revenue Next 2Y4.24%
Revenue Next 3Y4.31%
Revenue Next 5Y4.6%
EBIT growth 1Y-3.38%
EBIT growth 3Y94.21%
EBIT growth 5Y12.36%
EBIT Next Year14.87%
EBIT Next 3Y10.49%
EBIT Next 5Y10.52%
FCF growth 1Y318.25%
FCF growth 3Y17.32%
FCF growth 5Y13.53%
OCF growth 1Y538.32%
OCF growth 3Y14.19%
OCF growth 5Y12.43%