MSA SAFETY INC (MSA) Stock Fundamental Analysis
USA - NYSE:MSA - US5534981064 - Common Stock
156.92 USD
+1.37 (+0.88%)
156.92 USD
0 (0%)
Taking everything into account, MSA scores 6 out of 10 in our fundamental rating. MSA was compared to 82 industry peers in the Commercial Services & Supplies industry. Both the health and profitability get an excellent rating, making MSA a very profitable company, without any liquidiy or solvency issues. MSA has a correct valuation and a medium growth rate.
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.
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.
The Return On Equity of MSA (21.49%) is better than 87.80% of its industry peers.
MSA has a Return On Invested Capital of 13.73%. This is amongst the best in the industry. MSA outperforms 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 10.46%.
| 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
With an excellent Profit Margin value of 15.02%, MSA belongs to the best of the industry, outperforming 92.68% 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 (21.11%) than 96.34% of its industry peers.
MSA's Operating Margin has improved in the last couple of years.
The Gross Margin of MSA (46.48%) is better than 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MSA is creating some value.
MSA has about the same amout of shares outstanding than it did 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 5.25 indicates that MSA is not in any danger for bankruptcy at the moment.
The Altman-Z score of MSA (5.25) is better than 84.15% of its industry peers.
The Debt to FCF ratio of MSA is 2.22, which is a good value as it means it would take MSA, 2.22 years of fcf income to pay off 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.
The Debt to Equity ratio of MSA (0.48) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.22 | ||
| Altman-Z | 5.25 |
ROIC/WACC1.62
WACC8.46%
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.
Looking at the Current ratio, with a value of 3.08, MSA belongs to the top of the industry, outperforming 84.15% of the companies in the same industry.
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.
With a decent Quick ratio value of 1.86, MSA is doing good in the industry, outperforming 76.83% of the companies in the same industry.
| 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.
Measured over the past years, MSA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.91% on average per year.
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.
The Revenue is expected to grow by 4.72% on average over the next years.
EPS Next Y1.79%
EPS Next 2Y6.51%
EPS Next 3Y7.06%
EPS Next 5Y8.43%
Revenue Next Year2.38%
Revenue Next 2Y4.03%
Revenue Next 3Y4.29%
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
A Price/Earnings ratio of 20.12 indicates a rather expensive valuation of MSA.
MSA's Price/Earnings ratio is a bit cheaper when compared to the industry. MSA is cheaper than 63.41% of the companies in the same industry.
MSA is valuated rather cheaply when we compare the Price/Earnings ratio to 25.51, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 17.96, 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 67.07% of the companies are valued more expensively.
MSA is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 34.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.12 | ||
| Fwd PE | 17.96 |
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 67.07% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.72 | ||
| EV/EBITDA | 14.14 |
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)11.26
PEG (5Y)2.03
EPS Next 2Y6.51%
EPS Next 3Y7.06%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.33%, MSA has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.55, MSA pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.33, MSA pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.33% |
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 2Y6.51%
EPS Next 3Y7.06%
156.92
+1.37 (+0.88%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners95.81%
Inst Owner Change0.46%
Ins Owners0.75%
Ins Owner Change-1.03%
Market Cap6.14B
Revenue(TTM)1.86B
Net Income(TTM)279.89M
Analysts76
Price Target195.64 (24.67%)
Short Float %3.29%
Short Ratio4.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.33% |
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)7.63%
EPS NQ rev (1m)-6.58%
EPS NQ rev (3m)-7.12%
EPS NY rev (1m)-1.12%
EPS NY rev (3m)0.34%
Revenue NQ rev (1m)-3.54%
Revenue NQ rev (3m)-3.55%
Revenue NY rev (1m)-0.68%
Revenue NY rev (3m)1.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.12 | ||
| Fwd PE | 17.96 | ||
| P/S | 3.3 | ||
| P/FCF | 21.72 | ||
| P/OCF | 17.59 | ||
| P/B | 4.72 | ||
| P/tB | 23.13 | ||
| EV/EBITDA | 14.14 |
EPS(TTM)7.8
EY4.97%
EPS(NY)8.74
Fwd EY5.57%
FCF(TTM)7.22
FCFY4.6%
OCF(TTM)8.92
OCFY5.69%
SpS47.59
BVpS33.26
TBVpS6.78
PEG (NY)11.26
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 | 5.25 |
F-Score5
WACC8.46%
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 5Y8.43%
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 5Y4.72%
EBIT growth 1Y-1.47%
EBIT growth 3Y94.21%
EBIT growth 5Y12.36%
EBIT Next Year14.87%
EBIT Next 3Y10.49%
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%.