MSA SAFETY INC (MSA) Fundamental Analysis & Valuation

NYSE:MSA • US5534981064

Current stock price

170.14 USD
-2.64 (-1.53%)
At close:
170.14 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

  • In the past year MSA was profitable.
  • MSA had a positive operating cash flow in the past year.
  • In the past 5 years MSA has always 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

  • 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.
  • Looking at the Return On Equity, with a value of 20.40%, MSA belongs to the top of the industry, outperforming 85.37% of the companies in the same industry.
  • MSA's Return On Invested Capital of 13.23% is amongst the best of the industry. MSA outperforms 81.71% of its industry peers.
  • MSA had an Average Return On Invested Capital over the past 3 years of 15.22%. This is above the industry average of 10.58%.
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

  • Looking at the Profit Margin, with a value of 14.87%, MSA belongs to the top of the industry, outperforming 95.12% of the companies in the same industry.
  • MSA's Profit Margin has improved in the last couple of years.
  • MSA has a better Operating Margin (21.01%) than 96.34% of its industry peers.
  • In the last couple of years the Operating Margin of MSA has grown nicely.
  • MSA has a better Gross Margin (46.46%) than 86.59% of its industry peers.
  • MSA's Gross Margin has been stable in the last couple of years.
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.
  • 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
  • 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 5.75 indicates that MSA is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 5.75, MSA belongs to the top of the industry, outperforming 82.93% of the companies in the same industry.
  • 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.
  • With an excellent Debt to FCF ratio value of 1.97, MSA belongs to the best of the industry, outperforming 81.71% of the companies in the same industry.
  • A Debt/Equity ratio of 0.42 indicates that MSA is not too dependend on debt financing.
  • MSA has a Debt to Equity ratio of 0.42. This is comparable to the rest of the industry: MSA outperforms 57.32% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 1.97
Altman-Z 5.75
ROIC/WACC1.52
WACC8.68%
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

  • A Current Ratio of 3.01 indicates that MSA has no problem at all paying its short term obligations.
  • MSA's Current ratio of 3.01 is amongst the best of the industry. MSA outperforms 82.93% 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.
  • With a decent Quick ratio value of 1.82, MSA is doing good in the industry, outperforming 74.39% of the companies in the same industry.
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

  • The Earnings Per Share has been growing slightly by 2.99% over the past year.
  • 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%.
  • The Revenue has been growing slightly by 6.82% on average over the past years.
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.
  • Based on estimates for the next years, MSA will show a small growth in Revenue. The Revenue will grow by 5.27% on average per year.
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

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

  • With a Price/Earnings ratio of 21.46, MSA is valued on the expensive side.
  • MSA's Price/Earnings ratio is a bit cheaper when compared to the industry. MSA is cheaper than 71.95% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of MSA to the average of the S&P500 Index (25.23), we can say MSA is valued inline with the index average.
  • The Price/Forward Earnings ratio is 19.30, which indicates a rather expensive current valuation of MSA.
  • Based on the Price/Forward Earnings ratio, MSA is valued a bit cheaper than the industry average as 69.51% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.28, MSA is valued at the same level.
Industry RankSector Rank
PE 21.46
Fwd PE 19.3
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

  • 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 68.29% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 22.34
EV/EBITDA 15.29
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 an expensive valuation of the company.
  • MSA has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.92
PEG (5Y)1.79
EPS Next 2Y9.96%
EPS Next 3Y10.15%

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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 0.80, 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 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 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
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

  • 29.53% 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.
DP29.53%
EPS Next 2Y9.96%
EPS Next 3Y10.15%
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 (3/20/2026, 8:11:16 PM)

After market: 170.14 0 (0%)

170.14

-2.64 (-1.53%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)02-11
Earnings (Next)04-27
Inst Owners93.15%
Inst Owner Change-7.55%
Ins Owners0.74%
Ins Owner Change4.46%
Market Cap6.60B
Revenue(TTM)1.87B
Net Income(TTM)278.87M
Analysts74.55
Price Target214.61 (26.14%)
Short Float %2.58%
Short Ratio4.32
Dividend
Industry RankSector Rank
Dividend Yield 1.23%
Yearly Dividend2.11
Dividend Growth(5Y)4.26%
DP29.53%
Div Incr Years11
Div Non Decr Years11
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)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 RankSector Rank
PE 21.46
Fwd PE 19.3
P/S 3.52
P/FCF 22.34
P/OCF 18.14
P/B 4.83
P/tB 19.62
EV/EBITDA 15.29
EPS(TTM)7.93
EY4.66%
EPS(NY)8.82
Fwd EY5.18%
FCF(TTM)7.62
FCFY4.48%
OCF(TTM)9.38
OCFY5.51%
SpS48.33
BVpS35.24
TBVpS8.67
PEG (NY)1.92
PEG (5Y)1.79
Graham Number79.3
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 5.75
F-Score5
WACC8.68%
ROIC/WACC1.52
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 21.46 and the Price/Book (PB) ratio is 4.83.


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%.