MSA SAFETY INC (MSA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MSA - US5534981064 - Common Stock
173.98 USD
+2.23 (+1.3%)
173.98 USD
0 (0%)
Overall MSA gets a fundamental rating of 7 out of 10. We evaluated MSA against 80 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 correct valuation and a medium growth rate. Finally MSA also has an excellent dividend rating. These ratings could make MSA a good candidate for dividend investing.
1. Profitability
1.1 Basic Checks
MSA had positive earnings in the past year.
MSA had a positive operating cash flow in the past year.
MSA had positive earnings in each of the past 5 years.
In the past 5 years MSA always reported a positive cash flow from operatings.
1.2 Ratios
MSA has a better Return On Assets (10.96%) than 88.75% of its industry peers.
MSA has a Return On Equity of 21.49%. This is amongst the best in the industry. MSA outperforms 86.25% of its industry peers.
MSA's Return On Invested Capital of 13.73% is amongst the best of the industry. MSA outperforms 85.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MSA is above the industry average of 10.60%.
| 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
Looking at the Profit Margin, with a value of 15.02%, MSA belongs to the top of the industry, outperforming 95.00% of the companies in the same industry.
In the last couple of years the Profit Margin of MSA has grown nicely.
Looking at the Operating Margin, with a value of 21.11%, MSA belongs to the top of the industry, outperforming 96.25% of the companies in the same industry.
MSA's Operating Margin has improved in the last couple of years.
MSA has a better Gross Margin (46.48%) than 86.25% 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.
The number of shares outstanding for MSA has been increased compared to 5 years ago.
Compared to 1 year ago, MSA has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 5.56 indicates that MSA is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.56, MSA belongs to the top of the industry, outperforming 85.00% of the companies in the same industry.
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.
MSA has a better Debt to FCF ratio (2.22) than 78.75% of its industry peers.
MSA has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
MSA has a Debt to Equity ratio (0.48) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.22 | ||
| Altman-Z | 5.56 |
ROIC/WACC1.61
WACC8.55%
2.3 Liquidity
A Current Ratio of 3.08 indicates that MSA has no problem at all paying its short term obligations.
MSA's Current ratio of 3.08 is amongst the best of the industry. MSA outperforms 82.50% 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.
Looking at the Quick ratio, with a value of 1.86, MSA is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
| 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.
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.
Based on estimates for the next years, MSA will show a small growth in Revenue. The Revenue will grow by 4.72% on average per year.
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.
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 22.31, the valuation of MSA can be described as rather expensive.
Based on the Price/Earnings ratio, MSA is valued a bit cheaper than 71.25% of the companies in the same industry.
MSA's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.19.
The Price/Forward Earnings ratio is 19.99, which indicates a rather expensive current valuation of MSA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MSA indicates a somewhat cheap valuation: MSA is cheaper than 71.25% of the companies listed in the same industry.
MSA's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.31 | ||
| Fwd PE | 19.99 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as MSA.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MSA indicates a somewhat cheap valuation: MSA is cheaper than 70.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.09 | ||
| EV/EBITDA | 15.52 |
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)9.65
PEG (5Y)2.25
EPS Next 2Y6.33%
EPS Next 3Y6.89%
5. Dividend
5.1 Amount
MSA has a Yearly Dividend Yield of 1.32%.
Compared to an average industry Dividend Yield of 0.90, MSA pays a better dividend. On top of this MSA pays more dividend than 81.25% of the companies listed in the same industry.
Compared to the average S&P500 Dividend Yield of 1.94, MSA is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.32% |
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 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.
The dividend of MSA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP29.2%
EPS Next 2Y6.33%
EPS Next 3Y6.89%
173.98
+2.23 (+1.3%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners94.92%
Inst Owner Change0%
Ins Owners0.74%
Ins Owner Change-1.38%
Market Cap6.81B
Revenue(TTM)1.86B
Net Income(TTM)279.89M
Analysts76
Price Target191.15 (9.87%)
Short Float %3.49%
Short Ratio4.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.32% |
Yearly Dividend2
Dividend Growth(5Y)4.06%
DP29.2%
Div Incr Years11
Div Non Decr Years11
Ex-DateN/A
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)-2.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.31%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.63%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.31 | ||
| Fwd PE | 19.99 | ||
| P/S | 3.66 | ||
| P/FCF | 24.09 | ||
| P/OCF | 19.5 | ||
| P/B | 5.23 | ||
| P/tB | 25.65 | ||
| EV/EBITDA | 15.52 |
EPS(TTM)7.8
EY4.48%
EPS(NY)8.71
Fwd EY5%
FCF(TTM)7.22
FCFY4.15%
OCF(TTM)8.92
OCFY5.13%
SpS47.58
BVpS33.25
TBVpS6.78
PEG (NY)9.65
PEG (5Y)2.25
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 | 5.56 |
F-Score5
WACC8.55%
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 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 22.31 and the Price/Book (PB) ratio is 5.23.
Can you provide the dividend sustainability for MSA stock?
The dividend rating of MSA SAFETY INC (MSA) is 7 / 10 and the dividend payout ratio is 29.2%.