MSA SAFETY INC (MSA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MSA - US5534981064 - Common Stock
162.4 USD
-1.57 (-0.96%)
162.4 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 has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. MSA has a decent growth rate and is not valued too expensively.
1. Profitability
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.
MSA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MSA's Return On Assets of 10.96% is amongst the best of the industry. MSA outperforms 89.02% of its industry peers.
MSA has a Return On Equity of 21.49%. This is amongst the best in the industry. MSA outperforms 87.80% of its industry peers.
MSA's Return On Invested Capital of 13.73% is amongst the best of the industry. MSA outperforms 86.59% of its industry peers.
MSA had an Average Return On Invested Capital over the past 3 years of 14.63%. This is above the industry average of 10.14%.
| 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 95.12% of its industry peers.
In the last couple of years the Profit Margin of MSA has grown nicely.
The Operating Margin of MSA (21.11%) is better than 96.34% of its industry peers.
MSA's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 46.48%, MSA belongs to the best of the industry, outperforming 85.37% of the companies in the same industry.
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
MSA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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.
MSA has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 5.41 indicates that MSA is not in any danger for bankruptcy at the moment.
MSA has a better Altman-Z score (5.41) 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 Debt to FCF ratio of 2.22. This is in the better half of the industry: MSA outperforms 76.83% of its industry peers.
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 | 5.41 |
ROIC/WACC1.61
WACC8.53%
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.
The Current ratio of MSA (3.08) is better than 81.71% of its industry peers.
MSA has a Quick Ratio of 1.86. This is a normal value and indicates that MSA is financially healthy and should not expect problems in meeting 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
The Earnings Per Share has been growing slightly by 3.86% over the past year.
The Earnings Per Share has been growing by 9.91% 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 3.32%.
Measured over the past years, MSA shows a small growth in Revenue. The Revenue has been growing by 5.22% on average per year.
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.
The Revenue is expected to grow by 4.72% on average over the next years.
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
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 20.82, which indicates a rather expensive current valuation of MSA.
Based on the Price/Earnings ratio, MSA is valued a bit cheaper than 69.51% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.54, MSA is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 18.65, 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 71.95% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MSA to the average of the S&P500 Index (23.78), we can say MSA is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.82 | ||
| Fwd PE | 18.65 |
4.2 Price Multiples
MSA's Enterprise Value to EBITDA is on the same level as the industry average.
69.51% 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 | 22.49 | ||
| EV/EBITDA | 14.86 |
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.
MSA has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)9.01
PEG (5Y)2.1
EPS Next 2Y6.33%
EPS Next 3Y6.89%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.30%, MSA has a reasonable but not impressive dividend return.
MSA's Dividend Yield is a higher than the industry average which is at 2.32.
Compared to an average S&P500 Dividend Yield of 2.27, 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 been paying a dividend for at least 10 years, so it has a reliable track record.
MSA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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.
MSA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP29.2%
EPS Next 2Y6.33%
EPS Next 3Y6.89%
162.4
-1.57 (-0.96%)
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 Cap6.36B
Revenue(TTM)1.86B
Net Income(TTM)279.89M
Analysts76
Price Target191.15 (17.7%)
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 | 20.82 | ||
| Fwd PE | 18.65 | ||
| P/S | 3.41 | ||
| P/FCF | 22.49 | ||
| P/OCF | 18.2 | ||
| P/B | 4.88 | ||
| P/tB | 23.94 | ||
| EV/EBITDA | 14.86 |
EPS(TTM)7.8
EY4.8%
EPS(NY)8.71
Fwd EY5.36%
FCF(TTM)7.22
FCFY4.45%
OCF(TTM)8.92
OCFY5.49%
SpS47.58
BVpS33.25
TBVpS6.78
PEG (NY)9.01
PEG (5Y)2.1
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 | 5.41 |
F-Score5
WACC8.53%
ROIC/WACC1.61
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%.