MSA SAFETY INC (MSA) Stock Fundamental Analysis
USA - NYSE:MSA - US5534981064 - Common Stock
155.55 USD
-0.74 (-0.47%)
155.55 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to MSA. MSA was compared to 82 industry peers in the Commercial Services & Supplies industry. MSA gets an excellent profitability rating and is at the same time showing great financial health properties. MSA has a decent growth rate and is not valued too expensively.
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.
In the past 5 years MSA has always been profitable.
Each year in the past 5 years MSA had a positive operating cash flow.
1.2 Ratios
MSA's Return On Assets of 10.96% is amongst the best of the industry. MSA outperforms 89.02% of its industry peers.
The Return On Equity of MSA (21.49%) is better than 87.80% of its industry peers.
The Return On Invested Capital of MSA (13.73%) is better than 86.59% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MSA is above the industry average of 10.46%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.96% | ||
| ROE | 21.49% | ||
| ROIC | 13.73% |
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
With an excellent Profit Margin value of 15.02%, MSA belongs to the best of the industry, outperforming 92.68% of the companies in the same industry.
MSA's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 21.11%, MSA belongs to the top of the industry, outperforming 96.34% of the companies in the same industry.
In the last couple of years the Operating Margin of MSA has grown nicely.
Looking at the Gross Margin, with a value of 46.48%, MSA belongs to the top of the industry, outperforming 85.37% of the companies in the same industry.
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 | 21.11% | ||
| PM (TTM) | 15.02% | ||
| GM | 46.48% |
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
MSA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, MSA has about the same amount of shares outstanding.
Compared to 5 years ago, MSA has more shares outstanding
Compared to 1 year ago, MSA has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 5.27 indicates that MSA is not in any danger for bankruptcy at the moment.
MSA's Altman-Z score of 5.27 is amongst the best of the industry. MSA outperforms 82.93% of its industry peers.
The Debt to FCF ratio of MSA is 2.22, which is a good value as it means it would take MSA, 2.22 years of fcf income to pay off all of its debts.
MSA has a Debt to FCF ratio of 2.22. This is in the better half of the industry: MSA outperforms 76.83% of its industry peers.
MSA has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
MSA's Debt to Equity ratio of 0.48 is in line compared to the rest of the industry. MSA outperforms 53.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.22 | ||
| Altman-Z | 5.27 |
ROIC/WACC1.62
WACC8.47%
2.3 Liquidity
A Current Ratio of 3.08 indicates that MSA has no problem at all paying its short term obligations.
The Current ratio of MSA (3.08) is better than 84.15% of its industry peers.
MSA has a Quick Ratio of 1.86. This is a normal value and indicates that MSA is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.86, MSA is doing good in the industry, outperforming 76.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.08 | ||
| Quick Ratio | 1.86 |
3. Growth
3.1 Past
MSA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.86%.
The Earnings Per Share has been growing by 9.91% on average over the past years. This is quite good.
Looking at the last year, MSA shows a small growth in Revenue. The Revenue has grown by 3.32% in the last year.
The Revenue has been growing slightly by 5.22% on average over the past years.
EPS 1Y (TTM)3.86%
EPS 3Y18.56%
EPS 5Y9.91%
EPS Q2Q%6.01%
Revenue 1Y (TTM)3.32%
Revenue growth 3Y8.9%
Revenue growth 5Y5.22%
Sales Q2Q%8.27%
3.2 Future
The Earnings Per Share is expected to grow by 8.43% on average over the next years. This is quite good.
Based on estimates for the next years, MSA will show a small growth in Revenue. The Revenue will grow by 4.72% on average per year.
EPS Next Y1.79%
EPS Next 2Y6.51%
EPS Next 3Y7.06%
EPS Next 5Y8.43%
Revenue Next Year2.38%
Revenue Next 2Y4.03%
Revenue Next 3Y4.29%
Revenue Next 5Y4.72%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 19.94, MSA is valued on the expensive side.
Based on the Price/Earnings ratio, MSA is valued a bit cheaper than 64.63% of the companies in the same industry.
MSA is valuated rather cheaply when we compare the Price/Earnings ratio to 25.56, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 17.81 indicates a rather expensive valuation of MSA.
MSA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MSA is cheaper than 67.07% of the companies in the same industry.
MSA is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 34.62, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.94 | ||
| Fwd PE | 17.81 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MSA is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MSA indicates a somewhat cheap valuation: MSA is cheaper than 67.07% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.53 | ||
| EV/EBITDA | 14.21 |
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.
MSA has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)11.16
PEG (5Y)2.01
EPS Next 2Y6.51%
EPS Next 3Y7.06%
5. Dividend
5.1 Amount
MSA has a Yearly Dividend Yield of 1.33%. Purely for dividend investing, there may be better candidates out there.
MSA's Dividend Yield is a higher than the industry average which is at 2.55.
With a Dividend Yield of 1.33, MSA pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.33% |
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 29.20% 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.
DP29.2%
EPS Next 2Y6.51%
EPS Next 3Y7.06%
155.55
-0.74 (-0.47%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners95.81%
Inst Owner Change0.46%
Ins Owners0.75%
Ins Owner Change-1.03%
Market Cap6.09B
Revenue(TTM)1.86B
Net Income(TTM)279.89M
Analysts76
Price Target195.64 (25.77%)
Short Float %3.7%
Short Ratio6.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.33% |
Yearly Dividend2
Dividend Growth(5Y)4.06%
DP29.2%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.04%
Min EPS beat(2)2.78%
Max EPS beat(2)7.29%
EPS beat(4)3
Avg EPS beat(4)3.68%
Min EPS beat(4)-0.61%
Max EPS beat(4)7.29%
EPS beat(8)7
Avg EPS beat(8)3.47%
EPS beat(12)11
Avg EPS beat(12)9.14%
EPS beat(16)15
Avg EPS beat(16)11.31%
Revenue beat(2)1
Avg Revenue beat(2)2.21%
Min Revenue beat(2)-0.63%
Max Revenue beat(2)5.05%
Revenue beat(4)2
Avg Revenue beat(4)0.79%
Min Revenue beat(4)-4.87%
Max Revenue beat(4)5.05%
Revenue beat(8)3
Avg Revenue beat(8)-0.22%
Revenue beat(12)7
Avg Revenue beat(12)1.87%
Revenue beat(16)11
Avg Revenue beat(16)1.77%
PT rev (1m)0%
PT rev (3m)7.63%
EPS NQ rev (1m)-6.58%
EPS NQ rev (3m)-7.12%
EPS NY rev (1m)-1.12%
EPS NY rev (3m)0.34%
Revenue NQ rev (1m)-3.54%
Revenue NQ rev (3m)-3.55%
Revenue NY rev (1m)-0.68%
Revenue NY rev (3m)1.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.94 | ||
| Fwd PE | 17.81 | ||
| P/S | 3.27 | ||
| P/FCF | 21.53 | ||
| P/OCF | 17.43 | ||
| P/B | 4.68 | ||
| P/tB | 22.93 | ||
| EV/EBITDA | 14.21 |
EPS(TTM)7.8
EY5.01%
EPS(NY)8.74
Fwd EY5.62%
FCF(TTM)7.22
FCFY4.64%
OCF(TTM)8.92
OCFY5.74%
SpS47.59
BVpS33.26
TBVpS6.78
PEG (NY)11.16
PEG (5Y)2.01
Graham Number76.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.96% | ||
| ROE | 21.49% | ||
| ROCE | 17.38% | ||
| ROIC | 13.73% | ||
| ROICexc | 14.85% | ||
| ROICexgc | 29.42% | ||
| OM | 21.11% | ||
| PM (TTM) | 15.02% | ||
| GM | 46.48% | ||
| FCFM | 15.18% |
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%
ROICexgc growth 3Y97.54%
ROICexgc 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 Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.22 | ||
| Debt/EBITDA | 1.34 | ||
| Cap/Depr | 95.42% | ||
| Cap/Sales | 3.57% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 75.45% | ||
| Profit Quality | 101.08% | ||
| Current Ratio | 3.08 | ||
| Quick Ratio | 1.86 | ||
| Altman-Z | 5.27 |
F-Score5
WACC8.47%
ROIC/WACC1.62
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)3.86%
EPS 3Y18.56%
EPS 5Y9.91%
EPS Q2Q%6.01%
EPS Next Y1.79%
EPS Next 2Y6.51%
EPS Next 3Y7.06%
EPS Next 5Y8.43%
Revenue 1Y (TTM)3.32%
Revenue growth 3Y8.9%
Revenue growth 5Y5.22%
Sales Q2Q%8.27%
Revenue Next Year2.38%
Revenue Next 2Y4.03%
Revenue Next 3Y4.29%
Revenue Next 5Y4.72%
EBIT growth 1Y-1.47%
EBIT growth 3Y94.21%
EBIT growth 5Y12.36%
EBIT Next Year14.87%
EBIT Next 3Y10.49%
EBIT Next 5Y10.19%
FCF growth 1Y582.78%
FCF growth 3Y17.32%
FCF growth 5Y13.53%
OCF growth 1Y2895.37%
OCF growth 3Y14.19%
OCF growth 5Y12.43%
MSA SAFETY INC / MSA FAQ
Can you provide the ChartMill fundamental rating for MSA SAFETY INC?
ChartMill assigns a fundamental rating of 6 / 10 to MSA.
What is the valuation status for MSA stock?
ChartMill assigns a valuation rating of 4 / 10 to MSA SAFETY INC (MSA). This can be considered as Fairly Valued.
Can you provide the profitability details for MSA SAFETY INC?
MSA SAFETY INC (MSA) has a profitability rating of 9 / 10.
How financially healthy is MSA SAFETY INC?
The financial health rating of MSA SAFETY INC (MSA) is 7 / 10.
Can you provide the dividend sustainability for MSA stock?
The dividend rating of MSA SAFETY INC (MSA) is 6 / 10 and the dividend payout ratio is 29.2%.