MSA SAFETY INC (MSA) Stock Fundamental Analysis
NYSE:MSA - US5534981064 - Common Stock
173.67 USD
-0.46 (-0.26%)
Taking everything into account, MSA scores 6 out of 10 in our fundamental rating. MSA was compared to 84 industry peers in the Commercial Services & Supplies industry. MSA has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. MSA is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year MSA was profitable.
In the past year MSA had a positive cash flow from operations.
MSA had positive earnings in each of the past 5 years.
Each year in the past 5 years MSA had a positive operating cash flow.
1.2 Ratios
The Return On Assets of MSA (10.86%) is better than 85.71% of its industry peers.
The Return On Equity of MSA (22.11%) is better than 89.29% of its industry peers.
MSA's Return On Invested Capital of 13.57% is amongst the best of the industry. MSA outperforms 85.71% of its industry peers.
MSA had an Average Return On Invested Capital over the past 3 years of 14.63%. This is above the industry average of 10.78%.
| 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
With an excellent Profit Margin value of 15.15%, MSA belongs to the best of the industry, outperforming 90.48% of the companies in the same industry.
MSA's Profit Margin has improved in the last couple of years.
MSA's Operating Margin of 21.28% is amongst the best of the industry. MSA outperforms 95.24% of its industry peers.
MSA's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 46.83%, MSA belongs to the top of the industry, outperforming 84.52% of the companies in the same industry.
MSA's Gross Margin has been stable in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MSA is still creating some value.
Compared to 1 year ago, MSA has about the same amount of shares outstanding.
MSA has more shares outstanding than it did 5 years ago.
The debt/assets ratio for MSA has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 5.44 indicates that MSA is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.44, MSA is in the better half of the industry, outperforming 79.76% of the companies in the same industry.
The Debt to FCF ratio of MSA is 2.69, which is a good value as it means it would take MSA, 2.69 years of fcf income to pay off all of its debts.
MSA has a Debt to FCF ratio of 2.69. This is in the better half of the industry: MSA outperforms 76.19% of its industry peers.
MSA has a Debt/Equity ratio of 0.54. This is a neutral value indicating MSA is somewhat dependend on debt financing.
MSA's Debt to Equity ratio of 0.54 is in line compared to the rest of the industry. MSA outperforms 53.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 2.69 | ||
| Altman-Z | 5.44 |
ROIC/WACC1.58
WACC8.61%
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.
The Current ratio of MSA (3.11) is better than 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 has a Quick ratio of 1.90. This is in the better half 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
The Earnings Per Share has been growing slightly by 3.08% over the past year.
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 0.55% in the last year.
The Revenue has been growing slightly by 5.22% on average over the past years.
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.
Based on estimates for the next years, MSA will show a small growth in Revenue. The Revenue will grow by 4.60% on average per year.
EPS Next Y3.01%
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
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
Based on the Price/Earnings ratio of 22.58, 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 63.10% of the companies in the same industry.
MSA is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.14, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 19.71, MSA is valued on the expensive side.
67.86% of the companies in the same industry are more expensive than MSA, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of MSA to the average of the S&P500 Index (22.80), we can say MSA is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.58 | ||
| Fwd PE | 19.71 |
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.
64.29% of the companies in the same industry are more expensive than MSA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.93 | ||
| EV/EBITDA | 16.12 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of MSA may justify a higher PE ratio.
PEG (NY)7.5
PEG (5Y)2.28
EPS Next 2Y6.98%
EPS Next 3Y7.99%
5. Dividend
5.1 Amount
MSA has a Yearly Dividend Yield of 1.24%.
MSA's Dividend Yield is a higher than the industry average which is at 2.36.
Compared to an average S&P500 Dividend Yield of 2.34, MSA's dividend is way lower than the S&P500 average.
| 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 been paying a dividend for at least 10 years, so it has 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
29.27% of the earnings are spent on dividend by MSA. This is a low number and sustainable payout ratio.
MSA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP29.27%
EPS Next 2Y6.98%
EPS Next 3Y7.99%
NYSE:MSA (8/28/2025, 10:09:07 AM)
173.67
-0.46 (-0.26%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners89.58%
Inst Owner Change2.83%
Ins Owners0.8%
Ins Owner Change-0.47%
Market Cap6.80B
Analysts76
Price Target195.64 (12.65%)
Short Float %3.41%
Short Ratio5.68
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)8.21%
PT rev (3m)5.97%
EPS NQ rev (1m)-3.49%
EPS NQ rev (3m)-5.97%
EPS NY rev (1m)1.55%
EPS NY rev (3m)1.58%
Revenue NQ rev (1m)0.96%
Revenue NQ rev (3m)2.65%
Revenue NY rev (1m)2.31%
Revenue NY rev (3m)2.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.58 | ||
| Fwd PE | 19.71 | ||
| P/S | 3.72 | ||
| P/FCF | 26.93 | ||
| P/OCF | 21.17 | ||
| P/B | 5.43 | ||
| P/tB | 32.62 | ||
| EV/EBITDA | 16.12 |
EPS(TTM)7.69
EY4.43%
EPS(NY)8.81
Fwd EY5.07%
FCF(TTM)6.45
FCFY3.71%
OCF(TTM)8.2
OCFY4.72%
SpS46.68
BVpS31.99
TBVpS5.32
PEG (NY)7.5
PEG (5Y)2.28
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 | 5.44 |
F-Score5
WACC8.61%
ROIC/WACC1.58
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 Y3.01%
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 Year13.37%
EBIT Next 3Y9.25%
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%