MSA SAFETY INC (MSA) Stock Fundamental Analysis
USA - NYSE:MSA - US5534981064 - Common Stock
171.52 USD
+0.94 (+0.55%)
Overall MSA gets a fundamental rating of 7 out of 10. We evaluated MSA against 84 industry peers in the Commercial Services & Supplies industry. MSA scores excellent points on both the profitability and health parts. This is a solid base for a good stock. MSA has a decent growth rate and is not valued too expensively. Finally MSA also has an excellent dividend rating. This makes MSA very considerable for dividend investing!
1. Profitability
1.1 Basic Checks
MSA had positive earnings in the past year.
In the past year MSA had a positive cash flow from operations.
MSA had positive earnings in each of the past 5 years.
MSA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MSA has a Return On Assets of 10.86%. This is amongst the best in the industry. MSA outperforms 86.90% of its industry peers.
MSA's Return On Equity of 22.11% is amongst the best of the industry. MSA outperforms 89.29% of its industry peers.
With an excellent Return On Invested Capital value of 13.57%, MSA belongs to the best 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 10.60%.
| 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
MSA's Profit Margin of 15.15% is amongst the best of the industry. MSA outperforms 90.48% of its industry peers.
In the last couple of years the Profit Margin of MSA has grown nicely.
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.
With an excellent Gross Margin value of 46.83%, MSA belongs to the best of the industry, outperforming 84.52% 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 | 21.28% | ||
| 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.
MSA has about the same amout of shares outstanding than it did 1 year ago.
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
MSA has an Altman-Z score of 5.38. This indicates that MSA is financially healthy and has little risk of bankruptcy at the moment.
MSA has a Altman-Z score of 5.38. This is amongst the best in the industry. MSA outperforms 82.14% of its industry peers.
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.
MSA's Debt to FCF ratio of 2.69 is fine compared to the rest of the industry. MSA outperforms 75.00% of its industry peers.
A Debt/Equity ratio of 0.54 indicates that 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 | 5.38 |
ROIC/WACC1.61
WACC8.42%
2.3 Liquidity
A Current Ratio of 3.11 indicates that MSA has no problem at all paying 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.
A Quick Ratio of 1.90 indicates that MSA should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.90, MSA is doing good in the industry, outperforming 78.57% of the companies in the same industry.
| 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.
MSA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.91% yearly.
MSA shows a small growth in Revenue. In the last year, the Revenue has grown by 0.55%.
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
The Earnings Per Share is expected to grow by 8.77% 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 4.60% yearly.
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
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 22.30, the valuation of MSA can be described as rather expensive.
Based on the Price/Earnings ratio, MSA is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of MSA to the average of the S&P500 Index (27.41), we can say MSA is valued inline with the index average.
The Price/Forward Earnings ratio is 19.47, which indicates a rather expensive current valuation of MSA.
70.24% of the companies in the same industry are more expensive than MSA, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.88, MSA is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.3 | ||
| Fwd PE | 19.47 |
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.
Based on the Price/Free Cash Flow ratio, MSA is valued a bit cheaper than 67.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.6 | ||
| EV/EBITDA | 15.82 |
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)7.41
PEG (5Y)2.25
EPS Next 2Y6.98%
EPS Next 3Y7.99%
5. Dividend
5.1 Amount
MSA has a Yearly Dividend Yield of 1.23%.
Compared to an average industry Dividend Yield of 2.27, MSA pays a better dividend. On top of this MSA pays more dividend than 80.95% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, MSA's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.23% |
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 their dividend for at least 10 years, which is a reliable track record.
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 (9/19/2025, 12:02:38 PM)
171.52
+0.94 (+0.55%)
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-1.43%
Market Cap6.72B
Analysts76
Price Target195.64 (14.06%)
Short Float %3.42%
Short Ratio5.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.23% |
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)7.63%
PT rev (3m)8.21%
EPS NQ rev (1m)-1.37%
EPS NQ rev (3m)-5.14%
EPS NY rev (1m)1.55%
EPS NY rev (3m)1.58%
Revenue NQ rev (1m)1.06%
Revenue NQ rev (3m)2.08%
Revenue NY rev (1m)2.26%
Revenue NY rev (3m)2.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.3 | ||
| Fwd PE | 19.47 | ||
| P/S | 3.67 | ||
| P/FCF | 26.6 | ||
| P/OCF | 20.91 | ||
| P/B | 5.36 | ||
| P/tB | 32.22 | ||
| EV/EBITDA | 15.82 |
EPS(TTM)7.69
EY4.48%
EPS(NY)8.81
Fwd EY5.14%
FCF(TTM)6.45
FCFY3.76%
OCF(TTM)8.2
OCFY4.78%
SpS46.68
BVpS31.99
TBVpS5.32
PEG (NY)7.41
PEG (5Y)2.25
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 | 5.38 |
F-Score5
WACC8.42%
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 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%