MSA SAFETY INC (MSA) Fundamental Analysis & Valuation
NYSE:MSA • US5534981064
183.43 USD
-4.18 (-2.23%)
At close: Mar 6, 2026
183.43 USD
0 (0%)
After Hours: 3/6/2026, 8:04:00 PM
This MSA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 7 out of 10 to MSA. MSA was compared to 81 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 has a decent growth rate and is not valued too expensively.
1. MSA Profitability Analysis
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.
- Each year in the past 5 years MSA had a positive operating cash flow.
1.2 Ratios
- MSA has a better Return On Assets (10.92%) than 88.89% of its industry peers.
- With an excellent Return On Equity value of 20.40%, MSA belongs to the best of the industry, outperforming 85.19% of the companies in the same industry.
- MSA has a Return On Invested Capital of 13.23%. This is amongst the best in the industry. MSA outperforms 82.72% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for MSA is above the industry average of 10.53%.
| Industry Rank | Sector 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%
1.3 Margins
- Looking at the Profit Margin, with a value of 14.87%, MSA belongs to the top of the industry, outperforming 95.06% of the companies in the same industry.
- MSA's Profit Margin has improved in the last couple of years.
- The Operating Margin of MSA (21.01%) is better than 95.06% of its industry peers.
- In the last couple of years the Operating Margin of MSA has grown nicely.
- MSA has a Gross Margin of 46.46%. This is amongst the best in the industry. MSA outperforms 86.42% 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 | 21.01% | ||
| 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%
2. MSA Health Analysis
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.
- MSA has less shares outstanding than it did 1 year ago.
- The number of shares outstanding for MSA has been reduced compared to 5 years ago.
- MSA has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 6.08 indicates that MSA is not in any danger for bankruptcy at the moment.
- MSA has a better Altman-Z score (6.08) than 82.72% of its industry peers.
- MSA has a debt to FCF ratio of 1.97. This is a very positive value and a sign of high solvency as it would only need 1.97 years to pay back of all of its debts.
- MSA has a Debt to FCF ratio of 1.97. This is amongst the best in the industry. MSA outperforms 81.48% of its industry peers.
- MSA has a Debt/Equity ratio of 0.42. This is a healthy value indicating a solid balance between debt and equity.
- MSA has a Debt to Equity ratio (0.42) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 1.97 | ||
| Altman-Z | 6.08 |
ROIC/WACC1.56
WACC8.47%
2.3 Liquidity
- A Current Ratio of 3.01 indicates that MSA has no problem at all paying its short term obligations.
- MSA has a better Current ratio (3.01) than 82.72% 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.
- Looking at the Quick ratio, with a value of 1.82, MSA is in the better half of the industry, outperforming 75.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.01 | ||
| Quick Ratio | 1.82 |
3. MSA Growth Analysis
3.1 Past
- MSA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.99%.
- Measured over the past years, MSA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.00% on average per year.
- The Revenue has been growing slightly by 3.69% in the past year.
- 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 10.31% 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 5.38% on average per year.
EPS Next Y9.78%
EPS Next 2Y8.9%
EPS Next 3Y10.31%
EPS Next 5YN/A
Revenue Next Year5.82%
Revenue Next 2Y5.58%
Revenue Next 3Y5.38%
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.
4. MSA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 23.13 indicates a rather expensive valuation of MSA.
- 67.90% of the companies in the same industry are more expensive than MSA, based on the Price/Earnings ratio.
- The average S&P500 Price/Earnings ratio is at 26.29. MSA is around the same levels.
- The Price/Forward Earnings ratio is 21.07, which indicates a rather expensive current valuation of MSA.
- Based on the Price/Forward Earnings ratio, MSA is valued a bit cheaper than 69.14% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of MSA to the average of the S&P500 Index (24.57), we can say MSA is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.13 | ||
| Fwd PE | 21.07 |
4.2 Price Multiples
- MSA's Enterprise Value to EBITDA ratio is in line with the industry average.
- MSA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MSA is cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.32 | ||
| EV/EBITDA | 16.68 |
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)2.37
PEG (5Y)1.93
EPS Next 2Y8.9%
EPS Next 3Y10.31%
5. MSA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 1.08%, MSA has a reasonable but not impressive dividend return.
- MSA's Dividend Yield is a higher than the industry average which is at 0.78.
- With a Dividend Yield of 1.08, MSA pays less dividend than the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
5.2 History
- The dividend of MSA has a limited annual growth rate of 4.26%.
- 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)4.26%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
- 29.53% of the earnings are spent on dividend by MSA. This is a low number and sustainable payout ratio.
- The dividend of MSA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP29.53%
EPS Next 2Y8.9%
EPS Next 3Y10.31%
MSA Fundamentals: All Metrics, Ratios and Statistics
183.43
-4.18 (-2.23%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)02-11 2026-02-11/amc
Earnings (Next)04-27 2026-04-27
Inst Owners94.92%
Inst Owner Change-7.55%
Ins Owners0.74%
Ins Owner Change-1.28%
Market Cap7.18B
Revenue(TTM)1.87B
Net Income(TTM)278.87M
Analysts76
Price Target214.61 (17%)
Short Float %3.27%
Short Ratio5.19
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
Yearly Dividend2.11
Dividend Growth(5Y)4.26%
DP29.53%
Div Incr Years11
Div Non Decr Years11
Ex-Date02-13 2026-02-13 (0.53)
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)-2.2%
EPS NQ rev (3m)-2.15%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.35%
Revenue NQ rev (1m)-0.97%
Revenue NQ rev (3m)-0.97%
Revenue NY rev (1m)0.2%
Revenue NY rev (3m)0.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.13 | ||
| Fwd PE | 21.07 | ||
| P/S | 3.83 | ||
| P/FCF | 24.32 | ||
| P/OCF | 19.75 | ||
| P/B | 5.26 | ||
| P/tB | 21.37 | ||
| EV/EBITDA | 16.68 |
EPS(TTM)7.93
EY4.32%
EPS(NY)8.71
Fwd EY4.75%
FCF(TTM)7.54
FCFY4.11%
OCF(TTM)9.29
OCFY5.06%
SpS47.86
BVpS34.9
TBVpS8.59
PEG (NY)2.37
PEG (5Y)1.93
Graham Number78.91
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 6.08 |
F-Score5
WACC8.47%
ROIC/WACC1.56
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 Y9.78%
EPS Next 2Y8.9%
EPS Next 3Y10.31%
EPS Next 5YN/A
Revenue 1Y (TTM)3.69%
Revenue growth 3Y7.06%
Revenue growth 5Y6.82%
Sales Q2Q%2.24%
Revenue Next Year5.82%
Revenue Next 2Y5.58%
Revenue Next 3Y5.38%
Revenue Next 5YN/A
EBIT growth 1Y-2.77%
EBIT growth 3Y14.21%
EBIT growth 5Y14.02%
EBIT Next Year26.07%
EBIT Next 3Y13.74%
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 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 23.13 and the Price/Book (PB) ratio is 5.26.
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 29.53%.