MSA SAFETY INC (MSA) Stock Fundamental Analysis
USA - NYSE:MSA - US5534981064 - Common Stock
157.32 USD
+1.34 (+0.86%)
157.32 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to MSA. MSA was compared to 82 industry peers in the Commercial Services & Supplies industry. MSA gets an excellent profitability rating and is at the same time showing great financial health properties. 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.
In the past 5 years MSA has always 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 (10.96%) than 89.02% of its industry peers.
MSA has a better Return On Equity (21.49%) than 87.80% of its industry peers.
The Return On Invested Capital of MSA (13.73%) is better than 86.59% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MSA is above the industry average of 10.49%.
| 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
MSA has a better Profit Margin (15.02%) than 92.68% of its industry peers.
MSA's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 21.11%, MSA belongs to the top of the industry, outperforming 96.34% of the companies in the same industry.
In the last couple of years the Operating Margin of MSA has grown nicely.
MSA's Gross Margin of 46.48% is amongst the best of the industry. MSA outperforms 85.37% of its industry peers.
MSA's Gross Margin has been stable in the last couple of years.
| 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.
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
The debt/assets ratio for MSA has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 5.26 indicates that MSA is not in any danger for bankruptcy at the moment.
MSA's Altman-Z score of 5.26 is amongst the best of the industry. MSA outperforms 84.15% 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.
Looking at the Debt to FCF ratio, with a value of 2.22, MSA is in the better half of the industry, outperforming 76.83% of the companies in the same industry.
A Debt/Equity ratio of 0.48 indicates that MSA is not too dependend on debt financing.
MSA's Debt to Equity ratio of 0.48 is in line compared to the rest of the industry. MSA outperforms 52.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.22 | ||
| Altman-Z | 5.26 |
ROIC/WACC1.62
WACC8.47%
2.3 Liquidity
MSA has a Current Ratio of 3.08. This indicates that MSA is financially healthy and has no problem in meeting its short term obligations.
MSA has a better Current ratio (3.08) than 85.37% of its industry peers.
A Quick Ratio of 1.86 indicates that MSA should not have too much problems paying its short term obligations.
MSA has a Quick ratio of 1.86. This is in the better half of the industry: MSA outperforms 78.05% 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%.
The Earnings Per Share has been growing by 9.91% on average over the past years. This is quite good.
Looking at the last year, MSA shows a small growth in Revenue. The Revenue has grown by 3.32% in the last year.
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 8.77% yearly.
The Revenue is expected to grow by 4.60% on average over the next years.
EPS Next Y1.79%
EPS Next 2Y6.51%
EPS Next 3Y7.06%
EPS Next 5Y8.77%
Revenue Next Year2.38%
Revenue Next 2Y4.03%
Revenue Next 3Y4.29%
Revenue Next 5Y4.6%
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.
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 20.17, 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 65.85% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.03. MSA is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 18.01, the valuation of MSA can be described as rather expensive.
MSA's Price/Forward 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/Forward Earnings ratio of 22.27, MSA is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.17 | ||
| Fwd PE | 18.01 |
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.
68.29% of the companies in the same industry are more expensive than MSA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.78 | ||
| EV/EBITDA | 14.18 |
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)11.29
PEG (5Y)2.03
EPS Next 2Y6.51%
EPS Next 3Y7.06%
5. Dividend
5.1 Amount
MSA has a Yearly Dividend Yield of 1.35%.
MSA's Dividend Yield is a higher than the industry average which is at 2.60.
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 | 1.35% |
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
29.20% 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.
DP29.2%
EPS Next 2Y6.51%
EPS Next 3Y7.06%
157.32
+1.34 (+0.86%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners95.81%
Inst Owner Change-1.39%
Ins Owners0.75%
Ins Owner Change-1.79%
Market Cap6.16B
Revenue(TTM)1.86B
Net Income(TTM)279.89M
Analysts76
Price Target195.64 (24.36%)
Short Float %3.7%
Short Ratio6.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.35% |
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)0%
PT rev (3m)8.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.81%
EPS NY rev (1m)0%
EPS NY rev (3m)1.48%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.03%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.17 | ||
| Fwd PE | 18.01 | ||
| P/S | 3.31 | ||
| P/FCF | 21.78 | ||
| P/OCF | 17.63 | ||
| P/B | 4.73 | ||
| P/tB | 23.19 | ||
| EV/EBITDA | 14.18 |
EPS(TTM)7.8
EY4.96%
EPS(NY)8.74
Fwd EY5.55%
FCF(TTM)7.22
FCFY4.59%
OCF(TTM)8.92
OCFY5.67%
SpS47.59
BVpS33.26
TBVpS6.78
PEG (NY)11.29
PEG (5Y)2.03
Graham Number76.4
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 | 5.26 |
F-Score5
WACC8.47%
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 Y1.79%
EPS Next 2Y6.51%
EPS Next 3Y7.06%
EPS Next 5Y8.77%
Revenue 1Y (TTM)3.32%
Revenue growth 3Y8.9%
Revenue growth 5Y5.22%
Sales Q2Q%8.27%
Revenue Next Year2.38%
Revenue Next 2Y4.03%
Revenue Next 3Y4.29%
Revenue Next 5Y4.6%
EBIT growth 1Y-1.47%
EBIT growth 3Y94.21%
EBIT growth 5Y12.36%
EBIT Next Year14.87%
EBIT Next 3Y10.49%
EBIT Next 5Y10.52%
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%.