MSA SAFETY INC (MSA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MSA - US5534981064 - Common Stock
157.8 USD
-2.61 (-1.63%)
157.8 USD
0 (0%)
Overall MSA gets a fundamental rating of 6 out of 10. We evaluated MSA against 82 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 is not valued too expensively and it also shows a decent growth rate.
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.
In the past 5 years MSA always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 10.96%, MSA belongs to the top of the industry, outperforming 89.02% of the companies in the same industry.
With an excellent Return On Equity value of 21.49%, MSA belongs to the best of the industry, outperforming 87.80% of the companies in the same industry.
The Return On Invested Capital of MSA (13.73%) is better than 86.59% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MSA is above the industry average of 10.25%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.96% | ||
| ROE | 21.49% | ||
| ROIC | 13.73% |
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
The Profit Margin of MSA (15.02%) is better than 95.12% of its industry peers.
MSA's Profit Margin has improved in the last couple of years.
MSA's Operating Margin of 21.11% is amongst the best of the industry. MSA outperforms 96.34% of its industry peers.
MSA's Operating Margin has improved in the last couple of years.
MSA has a Gross Margin of 46.48%. This is amongst the best in the industry. MSA outperforms 85.37% 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 | 21.11% | ||
| PM (TTM) | 15.02% | ||
| GM | 46.48% |
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.
The number of shares outstanding for MSA remains at a similar level compared to 1 year ago.
The number of shares outstanding for MSA has been increased compared to 5 years ago.
The debt/assets ratio for MSA has been reduced compared to a year ago.
2.2 Solvency
MSA has an Altman-Z score of 5.30. This indicates that MSA is financially healthy and has little risk of bankruptcy at the moment.
MSA has a better Altman-Z score (5.30) than 85.37% of its industry peers.
MSA has a debt to FCF ratio of 2.22. This is a good value and a sign of high solvency as MSA would need 2.22 years to pay back of all of its debts.
MSA has a better Debt to FCF ratio (2.22) than 75.61% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that MSA is not too dependend on debt financing.
MSA has a Debt to Equity ratio (0.48) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.22 | ||
| Altman-Z | 5.3 |
ROIC/WACC1.62
WACC8.5%
2.3 Liquidity
A Current Ratio of 3.08 indicates that MSA has no problem at all paying its short term obligations.
MSA has a better Current ratio (3.08) than 82.93% of its industry peers.
A Quick Ratio of 1.86 indicates that MSA should not have too much problems paying its short term obligations.
The Quick ratio of MSA (1.86) is better than 73.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.08 | ||
| Quick Ratio | 1.86 |
3. Growth
3.1 Past
MSA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.86%.
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 3.32%.
The Revenue has been growing slightly by 5.22% on average over the past years.
EPS 1Y (TTM)3.86%
EPS 3Y18.56%
EPS 5Y9.91%
EPS Q2Q%6.01%
Revenue 1Y (TTM)3.32%
Revenue growth 3Y8.9%
Revenue growth 5Y5.22%
Sales Q2Q%8.27%
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 8.43% yearly.
Based on estimates for the next years, MSA will show a small growth in Revenue. The Revenue will grow by 4.72% on average per year.
EPS Next Y2.31%
EPS Next 2Y6.33%
EPS Next 3Y6.89%
EPS Next 5Y8.43%
Revenue Next Year2.38%
Revenue Next 2Y3.98%
Revenue Next 3Y4.36%
Revenue Next 5Y4.72%
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
With a Price/Earnings ratio of 20.23, 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 69.51% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.28, MSA is valued a bit cheaper.
The Price/Forward Earnings ratio is 18.13, which indicates a rather expensive current valuation of MSA.
Based on the Price/Forward Earnings ratio, MSA is valued a bit cheaper than 70.73% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.52. MSA is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.23 | ||
| Fwd PE | 18.13 |
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 | 21.85 | ||
| EV/EBITDA | 14.34 |
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)8.75
PEG (5Y)2.04
EPS Next 2Y6.33%
EPS Next 3Y6.89%
5. Dividend
5.1 Amount
MSA has a Yearly Dividend Yield of 1.30%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.46, MSA pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, MSA's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
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 29.20% 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.
DP29.2%
EPS Next 2Y6.33%
EPS Next 3Y6.89%
157.8
-2.61 (-1.63%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners94.97%
Inst Owner Change0.47%
Ins Owners0.77%
Ins Owner Change-0.88%
Market Cap6.18B
Revenue(TTM)1.86B
Net Income(TTM)279.89M
Analysts76
Price Target191.15 (21.13%)
Short Float %3.71%
Short Ratio6.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
Yearly Dividend2
Dividend Growth(5Y)4.06%
DP29.2%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.04%
Min EPS beat(2)2.78%
Max EPS beat(2)7.29%
EPS beat(4)3
Avg EPS beat(4)3.68%
Min EPS beat(4)-0.61%
Max EPS beat(4)7.29%
EPS beat(8)7
Avg EPS beat(8)3.47%
EPS beat(12)11
Avg EPS beat(12)9.14%
EPS beat(16)15
Avg EPS beat(16)11.31%
Revenue beat(2)1
Avg Revenue beat(2)2.21%
Min Revenue beat(2)-0.63%
Max Revenue beat(2)5.05%
Revenue beat(4)2
Avg Revenue beat(4)0.79%
Min Revenue beat(4)-4.87%
Max Revenue beat(4)5.05%
Revenue beat(8)3
Avg Revenue beat(8)-0.22%
Revenue beat(12)7
Avg Revenue beat(12)1.87%
Revenue beat(16)11
Avg Revenue beat(16)1.77%
PT rev (1m)-2.29%
PT rev (3m)-2.29%
EPS NQ rev (1m)0.29%
EPS NQ rev (3m)-6.31%
EPS NY rev (1m)0.52%
EPS NY rev (3m)-0.68%
Revenue NQ rev (1m)-0.09%
Revenue NQ rev (3m)-3.63%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.23 | ||
| Fwd PE | 18.13 | ||
| P/S | 3.32 | ||
| P/FCF | 21.85 | ||
| P/OCF | 17.69 | ||
| P/B | 4.75 | ||
| P/tB | 23.27 | ||
| EV/EBITDA | 14.34 |
EPS(TTM)7.8
EY4.94%
EPS(NY)8.71
Fwd EY5.52%
FCF(TTM)7.22
FCFY4.58%
OCF(TTM)8.92
OCFY5.65%
SpS47.58
BVpS33.25
TBVpS6.78
PEG (NY)8.75
PEG (5Y)2.04
Graham Number76.39
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.96% | ||
| ROE | 21.49% | ||
| ROCE | 17.38% | ||
| ROIC | 13.73% | ||
| ROICexc | 14.85% | ||
| ROICexgc | 29.42% | ||
| OM | 21.11% | ||
| PM (TTM) | 15.02% | ||
| GM | 46.48% | ||
| FCFM | 15.18% |
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%
ROICexgc growth 3Y97.54%
ROICexgc 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 Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.22 | ||
| Debt/EBITDA | 1.34 | ||
| Cap/Depr | 95.42% | ||
| Cap/Sales | 3.57% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 75.45% | ||
| Profit Quality | 101.08% | ||
| Current Ratio | 3.08 | ||
| Quick Ratio | 1.86 | ||
| Altman-Z | 5.3 |
F-Score5
WACC8.5%
ROIC/WACC1.62
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)3.86%
EPS 3Y18.56%
EPS 5Y9.91%
EPS Q2Q%6.01%
EPS Next Y2.31%
EPS Next 2Y6.33%
EPS Next 3Y6.89%
EPS Next 5Y8.43%
Revenue 1Y (TTM)3.32%
Revenue growth 3Y8.9%
Revenue growth 5Y5.22%
Sales Q2Q%8.27%
Revenue Next Year2.38%
Revenue Next 2Y3.98%
Revenue Next 3Y4.36%
Revenue Next 5Y4.72%
EBIT growth 1Y-1.47%
EBIT growth 3Y94.21%
EBIT growth 5Y12.36%
EBIT Next Year14.12%
EBIT Next 3Y9.53%
EBIT Next 5Y10.19%
FCF growth 1Y582.78%
FCF growth 3Y17.32%
FCF growth 5Y13.53%
OCF growth 1Y2895.37%
OCF growth 3Y14.19%
OCF growth 5Y12.43%
MSA SAFETY INC / MSA FAQ
Can you provide the ChartMill fundamental rating for MSA SAFETY INC?
ChartMill assigns a fundamental rating of 6 / 10 to MSA.
What is the valuation status for MSA stock?
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.
How financially healthy is MSA SAFETY INC?
The financial health rating of MSA SAFETY INC (MSA) is 7 / 10.
Can you provide the dividend sustainability for MSA stock?
The dividend rating of MSA SAFETY INC (MSA) is 6 / 10 and the dividend payout ratio is 29.2%.