MSA SAFETY INC (MSA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MSA - US5534981064 - Common Stock
158.48 USD
-0.79 (-0.5%)
158.48 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to MSA. MSA was compared to 82 industry peers in the Commercial Services & Supplies industry. MSA gets an excellent profitability rating and is at the same time showing great financial health properties. 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.
Each year in the past 5 years MSA has been profitable.
MSA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of MSA (10.96%) is better than 89.02% of its industry peers.
With an excellent Return On Equity value of 21.49%, MSA belongs to the best of the industry, outperforming 87.80% of the companies in the same industry.
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.
Measured over the past 3 years, the Average Return On Invested Capital for MSA is above the industry average of 10.13%.
| 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.
MSA has a better Operating Margin (21.11%) than 96.34% of its industry peers.
In the last couple of years the Operating Margin of MSA has grown nicely.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MSA is still creating some value.
Compared to 1 year ago, MSA has about the same amount of shares outstanding.
Compared to 5 years ago, MSA has more shares outstanding
MSA has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 5.31 indicates that MSA is not in any danger for bankruptcy at the moment.
MSA's Altman-Z score of 5.31 is amongst the best of the industry. MSA outperforms 85.37% 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.
With a decent Debt to FCF ratio value of 2.22, MSA is doing good in the industry, outperforming 76.83% of the companies in the same industry.
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 | 5.31 |
ROIC/WACC1.62
WACC8.49%
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.
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 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.
The Revenue has been growing slightly by 3.32% in the past year.
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
Based on estimates for the next years, MSA will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.43% on average per year.
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
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
MSA is valuated rather expensively with a Price/Earnings ratio of 20.32.
69.51% of the companies in the same industry are more expensive than MSA, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.22, MSA is valued a bit cheaper.
A Price/Forward Earnings ratio of 18.20 indicates a rather expensive valuation of MSA.
Based on the Price/Forward Earnings ratio, MSA is valued a bit cheaper than the industry average as 73.17% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of MSA to the average of the S&P500 Index (23.58), we can say MSA is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.32 | ||
| Fwd PE | 18.2 |
4.2 Price Multiples
MSA's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MSA indicates a somewhat cheap valuation: MSA is cheaper than 71.95% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.94 | ||
| EV/EBITDA | 14.39 |
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)8.79
PEG (5Y)2.05
EPS Next 2Y6.33%
EPS Next 3Y6.89%
5. Dividend
5.1 Amount
MSA has a Yearly Dividend Yield of 1.29%. Purely for dividend investing, there may be better candidates out there.
MSA's Dividend Yield is a higher than the industry average which is at 0.93.
Compared to the average S&P500 Dividend Yield of 1.87, MSA is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.29% |
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%
158.48
-0.79 (-0.5%)
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 Cap6.21B
Revenue(TTM)1.86B
Net Income(TTM)279.89M
Analysts76
Price Target191.15 (20.61%)
Short Float %3.51%
Short Ratio5.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.29% |
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 | 20.32 | ||
| Fwd PE | 18.2 | ||
| P/S | 3.33 | ||
| P/FCF | 21.94 | ||
| P/OCF | 17.77 | ||
| P/B | 4.77 | ||
| P/tB | 23.37 | ||
| EV/EBITDA | 14.39 |
EPS(TTM)7.8
EY4.92%
EPS(NY)8.71
Fwd EY5.49%
FCF(TTM)7.22
FCFY4.56%
OCF(TTM)8.92
OCFY5.63%
SpS47.58
BVpS33.25
TBVpS6.78
PEG (NY)8.79
PEG (5Y)2.05
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 | 5.31 |
F-Score5
WACC8.49%
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 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%.