MSA SAFETY INC (MSA) Fundamental Analysis & Valuation
NYSE:MSA • US5534981064
Current stock price
177.36 USD
+0.67 (+0.38%)
Last:
This MSA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. MSA Profitability Analysis
1.1 Basic Checks
- In the past year MSA was profitable.
- MSA had a positive operating cash flow in the past year.
- 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
- With an excellent Return On Assets value of 10.92%, MSA belongs to the best of the industry, outperforming 87.80% of the companies in the same industry.
- MSA has a better Return On Equity (20.40%) than 85.37% of its industry peers.
- The Return On Invested Capital of MSA (13.23%) is better than 81.71% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for MSA is above the industry average of 10.58%.
| Industry Rank | Sector 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%
1.3 Margins
- The Profit Margin of MSA (14.87%) is better than 95.12% of its industry peers.
- In the last couple of years the Profit Margin of MSA has grown nicely.
- MSA has a Operating Margin of 21.01%. This is amongst the best in the industry. MSA outperforms 96.34% of its industry peers.
- In the last couple of years the Operating Margin of MSA has grown nicely.
- MSA has a Gross Margin of 46.46%. This is amongst the best in the industry. MSA outperforms 86.59% of its industry peers.
- MSA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. MSA Health Analysis
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 less shares outstanding
- Compared to 5 years ago, MSA has less 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 5.83. This indicates that MSA is financially healthy and has little risk of bankruptcy at the moment.
- The Altman-Z score of MSA (5.83) is better than 82.93% 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 81.71% of its industry peers.
- MSA has a Debt/Equity ratio of 0.42. This is a healthy value indicating a solid balance between debt and equity.
- Looking at the Debt to Equity ratio, with a value of 0.42, MSA is in line with its industry, outperforming 57.32% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 1.97 | ||
| Altman-Z | 5.83 |
ROIC/WACC1.54
WACC8.59%
2.3 Liquidity
- A Current Ratio of 3.01 indicates that MSA has no problem at all paying its short term obligations.
- Looking at the Current ratio, with a value of 3.01, MSA belongs to the top of the industry, outperforming 82.93% of the companies in the same industry.
- A Quick Ratio of 1.82 indicates that MSA should not have too much problems paying its short term obligations.
- MSA has a Quick ratio of 1.82. This is in the better half of the industry: MSA outperforms 74.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.01 | ||
| Quick Ratio | 1.82 |
3. MSA Growth Analysis
3.1 Past
- The Earnings Per Share has been growing slightly by 2.99% 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 12.00% yearly.
- Looking at the last year, MSA shows a small growth in Revenue. The Revenue has grown by 3.69% in the last year.
- Measured over the past years, MSA shows a small growth in Revenue. The Revenue has been growing by 6.82% on average per year.
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 10.15% 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 5.27% yearly.
EPS Next Y11.17%
EPS Next 2Y9.96%
EPS Next 3Y10.15%
EPS Next 5YN/A
Revenue Next Year5.98%
Revenue Next 2Y5.46%
Revenue Next 3Y5.27%
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. MSA Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 22.37, which indicates a rather expensive current valuation of MSA.
- MSA's Price/Earnings ratio is a bit cheaper when compared to the industry. MSA is cheaper than 70.73% 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 25.96, which is the current average of the S&P500 Index.
- MSA is valuated rather expensively with a Price/Forward Earnings ratio of 20.12.
- Based on the Price/Forward Earnings ratio, MSA is valued a bit cheaper than 70.73% of the companies in the same industry.
- MSA is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.37 | ||
| Fwd PE | 20.12 |
4.2 Price Multiples
- MSA's Enterprise Value to EBITDA is on the same level as the industry average.
- Based on the Price/Free Cash Flow ratio, MSA is valued a bit cheaper than the industry average as 69.51% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.29 | ||
| EV/EBITDA | 15.62 |
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)2
PEG (5Y)1.86
EPS Next 2Y9.96%
EPS Next 3Y10.15%
5. MSA Dividend Analysis
5.1 Amount
- MSA has a Yearly Dividend Yield of 1.18%.
- Compared to an average industry Dividend Yield of 0.79, MSA pays a better dividend. On top of this MSA pays more dividend than 81.71% of the companies listed in the same industry.
- MSA's Dividend Yield is slightly below the S&P500 average, which is at 1.91.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.18% |
5.2 History
- The dividend of MSA has a limited annual growth rate of 4.26%.
- MSA has been paying a dividend for at least 10 years, so it has a reliable track record.
- MSA has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.26%
Div Incr Years11
Div Non Decr Years11
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 2Y9.96%
EPS Next 3Y10.15%
MSA Fundamentals: All Metrics, Ratios and Statistics
NYSE:MSA (3/17/2026, 9:35:05 AM)
177.36
+0.67 (+0.38%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)02-11 2026-02-11/amc
Earnings (Next)04-27 2026-04-27
Inst Owners93.15%
Inst Owner Change-7.55%
Ins Owners0.74%
Ins Owner Change4.46%
Market Cap6.88B
Revenue(TTM)1.87B
Net Income(TTM)278.87M
Analysts74.55
Price Target214.61 (21%)
Short Float %2.58%
Short Ratio4.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.18% |
Yearly Dividend2.11
Dividend Growth(5Y)4.26%
DP29.53%
Div Incr Years11
Div Non Decr Years11
Ex-Date02-13 2026-02-13 (0.53)
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)12.27%
PT rev (3m)12.27%
EPS NQ rev (1m)-3.39%
EPS NQ rev (3m)-3.34%
EPS NY rev (1m)1.27%
EPS NY rev (3m)1.27%
Revenue NQ rev (1m)-1.42%
Revenue NQ rev (3m)-1.42%
Revenue NY rev (1m)0.35%
Revenue NY rev (3m)0.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.37 | ||
| Fwd PE | 20.12 | ||
| P/S | 3.67 | ||
| P/FCF | 23.29 | ||
| P/OCF | 18.91 | ||
| P/B | 5.03 | ||
| P/tB | 20.46 | ||
| EV/EBITDA | 15.62 |
EPS(TTM)7.93
EY4.47%
EPS(NY)8.82
Fwd EY4.97%
FCF(TTM)7.62
FCFY4.29%
OCF(TTM)9.38
OCFY5.29%
SpS48.33
BVpS35.24
TBVpS8.67
PEG (NY)2
PEG (5Y)1.86
Graham Number79.3
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 5.83 |
F-Score5
WACC8.59%
ROIC/WACC1.54
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 Y11.17%
EPS Next 2Y9.96%
EPS Next 3Y10.15%
EPS Next 5YN/A
Revenue 1Y (TTM)3.69%
Revenue growth 3Y7.06%
Revenue growth 5Y6.82%
Sales Q2Q%2.24%
Revenue Next Year5.98%
Revenue Next 2Y5.46%
Revenue Next 3Y5.27%
Revenue Next 5YN/A
EBIT growth 1Y-2.77%
EBIT growth 3Y14.21%
EBIT growth 5Y14.02%
EBIT Next Year25.57%
EBIT Next 3Y13.82%
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.
Can you provide the valuation status for MSA SAFETY INC?
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.
What are the PE and PB ratios of MSA SAFETY INC (MSA) stock?
The Price/Earnings (PE) ratio for MSA SAFETY INC (MSA) is 22.37 and the Price/Book (PB) ratio is 5.03.
Can you provide the dividend sustainability for MSA stock?
The dividend rating of MSA SAFETY INC (MSA) is 7 / 10 and the dividend payout ratio is 29.53%.