MSA SAFETY INC (MSA) Fundamental Analysis & Valuation

NYSE:MSA • US5534981064

Current stock price

164.13 USD
-3.13 (-1.87%)
At close:
164.13 USD
0 (0%)
After Hours:

This MSA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. MSA Profitability Analysis

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.
  • In the past 5 years MSA always reported a positive cash flow from operatings.
MSA Yearly Net Income VS EBIT VS OCF VS FCFMSA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

1.2 Ratios

  • MSA has a Return On Assets of 10.92%. This is amongst the best in the industry. MSA outperforms 88.75% of its industry peers.
  • With an excellent Return On Equity value of 20.40%, MSA belongs to the best of the industry, outperforming 88.75% of the companies in the same industry.
  • MSA has a better Return On Invested Capital (13.23%) than 83.75% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MSA is significantly above the industry average of 9.47%.
Industry RankSector Rank
ROA 10.92%
ROE 20.4%
ROIC 13.23%
ROA(3y)8.84%
ROA(5y)6.99%
ROE(3y)17.12%
ROE(5y)14.67%
ROIC(3y)15.22%
ROIC(5y)11.56%
MSA Yearly ROA, ROE, ROICMSA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • MSA has a Profit Margin of 14.87%. This is amongst the best in the industry. MSA outperforms 95.00% of its industry peers.
  • MSA's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 21.01%, MSA belongs to the top of the industry, outperforming 96.25% 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 46.46%, MSA belongs to the top of the industry, outperforming 85.00% 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 RankSector Rank
OM 21.01%
PM (TTM) 14.87%
GM 46.46%
OM growth 3Y6.69%
OM growth 5Y6.74%
PM growth 3Y8.16%
PM growth 5Y10.09%
GM growth 3Y1.76%
GM growth 5Y1.02%
MSA Yearly Profit, Operating, Gross MarginsMSA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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8

2. MSA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MSA is creating some value.
  • Compared to 1 year ago, MSA has less shares outstanding
  • MSA has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for MSA has been reduced compared to a year ago.
MSA Yearly Shares OutstandingMSA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
MSA Yearly Total Debt VS Total AssetsMSA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • An Altman-Z score of 5.58 indicates that MSA is not in any danger for bankruptcy at the moment.
  • MSA's Altman-Z score of 5.58 is amongst the best of the industry. MSA outperforms 82.50% of its industry peers.
  • The Debt to FCF ratio of MSA is 1.97, which is an excellent value as it means it would take MSA, only 1.97 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of MSA (1.97) is better than 83.75% of its industry peers.
  • A Debt/Equity ratio of 0.42 indicates that MSA is not too dependend on debt financing.
  • MSA's Debt to Equity ratio of 0.42 is in line compared to the rest of the industry. MSA outperforms 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 1.97
Altman-Z 5.58
ROIC/WACC1.49
WACC8.89%
MSA Yearly LT Debt VS Equity VS FCFMSA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • MSA has a Current Ratio of 3.01. This indicates that MSA is financially healthy and has no problem in meeting its short term obligations.
  • MSA's Current ratio of 3.01 is fine compared to the rest of the industry. MSA outperforms 78.75% of its industry peers.
  • A Quick Ratio of 1.82 indicates that MSA should not have too much problems paying its short term obligations.
  • MSA has a better Quick ratio (1.82) than 72.50% of its industry peers.
Industry RankSector Rank
Current Ratio 3.01
Quick Ratio 1.82
MSA Yearly Current Assets VS Current LiabilitesMSA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. MSA Growth Analysis

3.1 Past

  • MSA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.99%.
  • The Earnings Per Share has been growing by 12.00% on average over the past years. This is quite good.
  • The Revenue has been growing slightly by 3.69% in the past year.
  • MSA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.82% yearly.
EPS 1Y (TTM)2.99%
EPS 3Y12.03%
EPS 5Y12%
EPS Q2Q%5.78%
Revenue 1Y (TTM)3.69%
Revenue growth 3Y7.06%
Revenue growth 5Y6.82%
Sales Q2Q%2.24%

3.2 Future

  • The Earnings Per Share is expected to grow by 10.19% on average over the next years. This is quite good.
  • MSA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.30% yearly.
EPS Next Y10.97%
EPS Next 2Y9.86%
EPS Next 3Y10.19%
EPS Next 5YN/A
Revenue Next Year5.87%
Revenue Next 2Y5.43%
Revenue Next 3Y5.3%
Revenue Next 5YN/A

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
MSA Yearly Revenue VS EstimatesMSA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B
MSA Yearly EPS VS EstimatesMSA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6 8 10

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4

4. MSA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 20.70, the valuation of MSA can be described as rather expensive.
  • MSA's Price/Earnings ratio is a bit cheaper when compared to the industry. MSA is cheaper than 75.00% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of MSA to the average of the S&P500 Index (26.54), we can say MSA is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 18.65, the valuation of MSA can be described as rather expensive.
  • 73.75% of the companies in the same industry are more expensive than MSA, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 21.68. MSA is around the same levels.
Industry RankSector Rank
PE 20.7
Fwd PE 18.65
MSA Price Earnings VS Forward Price EarningsMSA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as MSA.
  • MSA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MSA is cheaper than 72.50% of the companies in the same industry.
Industry RankSector Rank
P/FCF 21.55
EV/EBITDA 14.57
MSA Per share dataMSA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

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)1.89
PEG (5Y)1.72
EPS Next 2Y9.86%
EPS Next 3Y10.19%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. MSA Dividend Analysis

5.1 Amount

  • MSA has a Yearly Dividend Yield of 1.23%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 0.87, MSA pays a better dividend. On top of this MSA pays more dividend than 81.25% of the companies listed in the same industry.
  • MSA's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.23%

5.2 History

  • The dividend of MSA has a limited annual growth rate of 4.26%.
  • 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)4.26%
Div Incr Years12
Div Non Decr Years12
MSA Yearly Dividends per shareMSA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • MSA pays out 29.53% 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.
DP29.53%
EPS Next 2Y9.86%
EPS Next 3Y10.19%
MSA Yearly Income VS Free CF VS DividendMSA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
MSA Dividend Payout.MSA Dividend Payout, showing the Payout Ratio.MSA Dividend Payout.PayoutRetained Earnings

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MSA Fundamentals: All Metrics, Ratios and Statistics

MSA SAFETY INC

NYSE:MSA (4/29/2026, 8:04:00 PM)

After market: 164.13 0 (0%)

164.13

-3.13 (-1.87%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Industry Strength33.54
Industry Growth47.83
Earnings (Last)02-11
Earnings (Next)05-04
Inst Owners93.51%
Inst Owner Change-0.44%
Ins Owners0.88%
Ins Owner Change4.46%
Market Cap6.37B
Revenue(TTM)1.87B
Net Income(TTM)278.87M
Analysts74.55
Price Target208.49 (27.03%)
Short Float %2.49%
Short Ratio4.17
Dividend
Industry RankSector Rank
Dividend Yield 1.23%
Yearly Dividend2.11
Dividend Growth(5Y)4.26%
DP29.53%
Div Incr Years12
Div Non Decr Years12
Ex-Date02-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.53%
Min EPS beat(2)2.78%
Max EPS beat(2)4.27%
EPS beat(4)4
Avg EPS beat(4)4.9%
Min EPS beat(4)2.78%
Max EPS beat(4)7.29%
EPS beat(8)7
Avg EPS beat(8)2.88%
EPS beat(12)11
Avg EPS beat(12)8.73%
EPS beat(16)15
Avg EPS beat(16)9.28%
Revenue beat(2)0
Avg Revenue beat(2)-0.54%
Min Revenue beat(2)-0.63%
Max Revenue beat(2)-0.45%
Revenue beat(4)2
Avg Revenue beat(4)1.9%
Min Revenue beat(4)-0.63%
Max Revenue beat(4)5.05%
Revenue beat(8)2
Avg Revenue beat(8)-0.89%
Revenue beat(12)6
Avg Revenue beat(12)1.65%
Revenue beat(16)10
Avg Revenue beat(16)1.52%
PT rev (1m)-2.85%
PT rev (3m)9.07%
EPS NQ rev (1m)-0.62%
EPS NQ rev (3m)-3.99%
EPS NY rev (1m)-0.18%
EPS NY rev (3m)1.09%
Revenue NQ rev (1m)-0.11%
Revenue NQ rev (3m)-1.53%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)0.25%
Valuation
Industry RankSector Rank
PE 20.7
Fwd PE 18.65
P/S 3.4
P/FCF 21.55
P/OCF 17.5
P/B 4.66
P/tB 18.93
EV/EBITDA 14.57
EPS(TTM)7.93
EY4.83%
EPS(NY)8.8
Fwd EY5.36%
FCF(TTM)7.62
FCFY4.64%
OCF(TTM)9.38
OCFY5.72%
SpS48.33
BVpS35.24
TBVpS8.67
PEG (NY)1.89
PEG (5Y)1.72
Graham Number79.2965 (-51.69%)
Profitability
Industry RankSector Rank
ROA 10.92%
ROE 20.4%
ROCE 17.39%
ROIC 13.23%
ROICexc 14.27%
ROICexgc 28.01%
OM 21.01%
PM (TTM) 14.87%
GM 46.46%
FCFM 15.76%
ROA(3y)8.84%
ROA(5y)6.99%
ROE(3y)17.12%
ROE(5y)14.67%
ROIC(3y)15.22%
ROIC(5y)11.56%
ROICexc(3y)16.54%
ROICexc(5y)12.58%
ROICexgc(3y)33.48%
ROICexgc(5y)25.28%
ROCE(3y)20.01%
ROCE(5y)15.2%
ROICexgc growth 3Y10.02%
ROICexgc growth 5Y6.74%
ROICexc growth 3Y9.65%
ROICexc growth 5Y4.73%
OM growth 3Y6.69%
OM growth 5Y6.74%
PM growth 3Y8.16%
PM growth 5Y10.09%
GM growth 3Y1.76%
GM growth 5Y1.02%
F-Score5
Asset Turnover0.73
Health
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 1.97
Debt/EBITDA 1.23
Cap/Depr 95.6%
Cap/Sales 3.65%
Interest Coverage 12.26
Cash Conversion 78.17%
Profit Quality 105.94%
Current Ratio 3.01
Quick Ratio 1.82
Altman-Z 5.58
F-Score5
WACC8.89%
ROIC/WACC1.49
Cap/Depr(3y)83.42%
Cap/Depr(5y)85.17%
Cap/Sales(3y)3.01%
Cap/Sales(5y)3.08%
Profit Quality(3y)92.19%
Profit Quality(5y)208.81%
High Growth Momentum
Growth
EPS 1Y (TTM)2.99%
EPS 3Y12.03%
EPS 5Y12%
EPS Q2Q%5.78%
EPS Next Y10.97%
EPS Next 2Y9.86%
EPS Next 3Y10.19%
EPS Next 5YN/A
Revenue 1Y (TTM)3.69%
Revenue growth 3Y7.06%
Revenue growth 5Y6.82%
Sales Q2Q%2.24%
Revenue Next Year5.87%
Revenue Next 2Y5.43%
Revenue Next 3Y5.3%
Revenue Next 5YN/A
EBIT growth 1Y-2.77%
EBIT growth 3Y14.21%
EBIT growth 5Y14.02%
EBIT Next Year25.57%
EBIT Next 3Y13.85%
EBIT Next 5YN/A
FCF growth 1Y21.97%
FCF growth 3Y37.52%
FCF growth 5Y13.38%
OCF growth 1Y22.75%
OCF growth 3Y32.2%
OCF growth 5Y11.99%

MSA SAFETY INC / MSA Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for MSA SAFETY INC?

ChartMill assigns a fundamental rating of 7 / 10 to MSA.


What is the valuation status of MSA SAFETY INC (MSA) stock?

ChartMill assigns a valuation rating of 4 / 10 to MSA SAFETY INC (MSA). This can be considered as Fairly Valued.


What is the profitability of MSA stock?

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 8 / 10.


Is the dividend of MSA SAFETY INC sustainable?

The dividend rating of MSA SAFETY INC (MSA) is 7 / 10 and the dividend payout ratio is 29.53%.