MSA SAFETY INC (MSA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MSA - US5534981064 - Common Stock
161.3 USD
+0.34 (+0.21%)
161.3 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. MSA scores excellent points on both the profitability and health parts. This is a solid base for a good stock. 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.
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
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.
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.
The Average Return On Invested Capital over the past 3 years for MSA is above the industry average of 10.51%.
| 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 93.90% of its industry peers.
MSA's Profit Margin has improved in the last couple of years.
MSA has a Operating Margin of 21.11%. This is amongst the best in 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 better Gross Margin (46.48%) 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
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.
MSA has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 5.36 indicates that MSA is not in any danger for bankruptcy at the moment.
The Altman-Z score of MSA (5.36) is better 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 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 | 5.36 |
ROIC/WACC1.64
WACC8.35%
2.3 Liquidity
A Current Ratio of 3.08 indicates that MSA has no problem at all paying 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.
A Quick Ratio of 1.86 indicates that MSA should not have too much problems paying its short term obligations.
MSA's Quick ratio of 1.86 is fine compared to the rest of the industry. MSA outperforms 75.61% 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.
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.
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
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.
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 20.68, which indicates a rather expensive current valuation of MSA.
Compared to the rest of the industry, the Price/Earnings ratio of MSA indicates a somewhat cheap valuation: MSA is cheaper than 68.29% of the companies listed in the same industry.
MSA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.31.
MSA is valuated rather expensively with a Price/Forward Earnings ratio of 18.46.
MSA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MSA is cheaper than 70.73% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MSA to the average of the S&P500 Index (36.59), we can say MSA is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.68 | ||
| Fwd PE | 18.46 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as MSA.
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 | 22.33 | ||
| EV/EBITDA | 14.6 |
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)11.57
PEG (5Y)2.09
EPS Next 2Y6.51%
EPS Next 3Y7.06%
5. Dividend
5.1 Amount
MSA has a Yearly Dividend Yield of 1.39%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.61, MSA pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, MSA's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.39% |
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.
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%
161.3
+0.34 (+0.21%)
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-0.63%
Market Cap6.32B
Revenue(TTM)1.86B
Net Income(TTM)279.89M
Analysts76
Price Target191.15 (18.51%)
Short Float %3.29%
Short Ratio4.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.39% |
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)-6.31%
EPS NQ rev (3m)-6.85%
EPS NY rev (1m)-1.12%
EPS NY rev (3m)-1.19%
Revenue NQ rev (1m)-3.63%
Revenue NQ rev (3m)-3.63%
Revenue NY rev (1m)-0.68%
Revenue NY rev (3m)-0.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.68 | ||
| Fwd PE | 18.46 | ||
| P/S | 3.39 | ||
| P/FCF | 22.33 | ||
| P/OCF | 18.08 | ||
| P/B | 4.85 | ||
| P/tB | 23.78 | ||
| EV/EBITDA | 14.6 |
EPS(TTM)7.8
EY4.84%
EPS(NY)8.74
Fwd EY5.42%
FCF(TTM)7.22
FCFY4.48%
OCF(TTM)8.92
OCFY5.53%
SpS47.59
BVpS33.26
TBVpS6.78
PEG (NY)11.57
PEG (5Y)2.09
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 | 5.36 |
F-Score5
WACC8.35%
ROIC/WACC1.64
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%.