MSA SAFETY INC (MSA) Fundamental Analysis & Valuation
NYSE:MSA • US5534981064
Current stock price
172.23 USD
+0.81 (+0.47%)
At close:
172.23 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.
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.
- Each year in the past 5 years MSA has been profitable.
- Each year in the past 5 years MSA had a positive operating cash flow.
1.2 Ratios
- MSA has a better Return On Assets (10.92%) than 88.89% of its industry peers.
- With an excellent Return On Equity value of 20.40%, MSA belongs to the best of the industry, outperforming 87.65% of the companies in the same industry.
- The Return On Invested Capital of MSA (13.23%) is better than 83.95% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for MSA is above the industry average of 10.27%.
| 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
- MSA has a Profit Margin of 14.87%. This is amongst the best in the industry. MSA outperforms 95.06% of its industry peers.
- In the last couple of years the Profit Margin of MSA has grown nicely.
- With an excellent Operating Margin value of 21.01%, MSA belongs to the best of the industry, outperforming 96.30% of the companies in the same industry.
- MSA's Operating Margin has improved in the last couple of years.
- MSA has a better Gross Margin (46.46%) than 83.95% of its industry peers.
- 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 | 21.01% | ||
| 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MSA is creating some value.
- The number of shares outstanding for MSA has been reduced compared to 1 year ago.
- Compared to 5 years ago, MSA has less shares outstanding
- MSA has a better debt/assets ratio than last year.
2.2 Solvency
- MSA has an Altman-Z score of 5.74. This indicates that MSA is financially healthy and has little risk of bankruptcy at the moment.
- MSA's Altman-Z score of 5.74 is amongst the best of the industry. MSA outperforms 80.25% of its industry peers.
- MSA has a debt to FCF ratio of 1.97. This is a very positive value and a sign of high solvency as it would only need 1.97 years to pay back of all of its debts.
- MSA's Debt to FCF ratio of 1.97 is amongst the best of the industry. MSA outperforms 83.95% 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.
- MSA has a Debt to Equity ratio of 0.42. This is comparable to the rest of the industry: MSA outperforms 59.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 1.97 | ||
| Altman-Z | 5.74 |
ROIC/WACC1.48
WACC8.92%
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 amongst the best of the industry. MSA outperforms 80.25% of its industry peers.
- MSA has a Quick Ratio of 1.82. 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 1.82. This is in the better half of the industry: MSA outperforms 72.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.01 | ||
| Quick Ratio | 1.82 |
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.
- MSA shows a small growth in Revenue. In the last year, the Revenue has grown by 3.69%.
- 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
- MSA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.19% yearly.
- 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 Year5.92%
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.
4. MSA Valuation Analysis
4.1 Price/Earnings Ratio
- MSA is valuated rather expensively with a Price/Earnings ratio of 21.72.
- Based on the Price/Earnings ratio, MSA is valued a bit cheaper than 70.37% 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 26.78, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 19.57, MSA is valued on the expensive side.
- 71.60% 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 (23.54), we can say MSA is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.72 | ||
| Fwd PE | 19.57 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as MSA.
- Based on the Price/Free Cash Flow ratio, MSA is valued a bit cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.61 | ||
| EV/EBITDA | 15.25 |
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)1.98
PEG (5Y)1.81
EPS Next 2Y9.86%
EPS Next 3Y10.19%
5. MSA Dividend Analysis
5.1 Amount
- MSA has a Yearly Dividend Yield of 1.24%.
- MSA's Dividend Yield is rather good when compared to the industry average which is at 0.84. MSA pays more dividend than 82.72% of the companies in the same industry.
- MSA's Dividend Yield is slightly below the S&P500 average, which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.24% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.26%
Div Incr Years12
Div Non Decr Years12
5.3 Sustainability
- MSA pays out 29.53% of its income as dividend. This is a sustainable payout ratio.
- MSA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP29.53%
EPS Next 2Y9.86%
EPS Next 3Y10.19%
MSA Fundamentals: All Metrics, Ratios and Statistics
172.23
+0.81 (+0.47%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)02-11 2026-02-11/amc
Earnings (Next)05-04 2026-05-04
Inst Owners93.51%
Inst Owner Change0.04%
Ins Owners0.88%
Ins Owner Change4.46%
Market Cap6.68B
Revenue(TTM)1.87B
Net Income(TTM)278.87M
Analysts74.55
Price Target208.49 (21.05%)
Short Float %2.42%
Short Ratio4.1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.24% |
Yearly Dividend2.11
Dividend Growth(5Y)4.26%
DP29.53%
Div Incr Years12
Div Non Decr Years12
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)-2.85%
PT rev (3m)9.07%
EPS NQ rev (1m)-0.39%
EPS NQ rev (3m)-3.77%
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)-0.05%
Revenue NY rev (3m)0.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.72 | ||
| Fwd PE | 19.57 | ||
| P/S | 3.56 | ||
| P/FCF | 22.61 | ||
| P/OCF | 18.36 | ||
| P/B | 4.89 | ||
| P/tB | 19.87 | ||
| EV/EBITDA | 15.25 |
EPS(TTM)7.93
EY4.6%
EPS(NY)8.8
Fwd EY5.11%
FCF(TTM)7.62
FCFY4.42%
OCF(TTM)9.38
OCFY5.45%
SpS48.33
BVpS35.24
TBVpS8.67
PEG (NY)1.98
PEG (5Y)1.81
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 | 5.74 |
F-Score5
WACC8.92%
ROIC/WACC1.48
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 Year5.92%
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%.