MSA SAFETY INC (MSA) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:MSA • US5534981064
181.31 USD
+4.16 (+2.35%)
At close: Feb 2, 2026
181.31 USD
0 (0%)
After Hours: 2/2/2026, 8:25:25 PM
Taking everything into account, MSA scores 7 out of 10 in our fundamental rating. MSA was compared to 80 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 correct valuation and a medium growth rate. MSA also has an excellent dividend rating. This makes MSA very considerable 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.
- Each year in the past 5 years MSA has been profitable.
- 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 88.75% of the companies in the same industry.
- With an excellent Return On Equity value of 21.49%, MSA belongs to the best of the industry, outperforming 86.25% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 13.73%, MSA belongs to the top of the industry, outperforming 85.00% of the companies in the same industry.
- MSA had an Average Return On Invested Capital over the past 3 years of 14.63%. This is above the industry average of 10.57%.
| 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 95.00% of the companies in the same industry.
- In the last couple of years the Profit Margin of MSA has grown nicely.
- MSA's Operating Margin of 21.11% is amongst the best of the industry. MSA outperforms 96.25% of its industry peers.
- In the last couple of years the Operating Margin of MSA has grown nicely.
- With an excellent Gross Margin value of 46.48%, MSA belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
- 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 | 21.11% | ||
| 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
- MSA has an Altman-Z score of 5.66. This indicates that MSA is financially healthy and has little risk of bankruptcy at the moment.
- MSA has a Altman-Z score of 5.66. This is amongst the best in the industry. MSA outperforms 83.75% 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.
- The Debt to FCF ratio of MSA (2.22) is better 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.
- With a Debt to Equity ratio value of 0.48, MSA perfoms like the industry average, outperforming 51.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.22 | ||
| Altman-Z | 5.66 |
ROIC/WACC1.59
WACC8.62%
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.
- MSA has a better Current ratio (3.08) than 81.25% of its industry peers.
- A Quick Ratio of 1.86 indicates that MSA should not have too much problems paying 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
- 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.
- The Revenue has been growing slightly by 3.32% in the past year.
- MSA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.22% yearly.
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
- The Earnings Per Share is expected to grow by 8.43% 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 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.
- 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 23.24.
- MSA's Price/Earnings ratio is a bit cheaper when compared to the industry. MSA is cheaper than 70.00% of the companies in the same industry.
- MSA is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.41, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 20.83, the valuation of MSA can be described as rather expensive.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of MSA indicates a somewhat cheap valuation: MSA is cheaper than 72.50% 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 25.64.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.24 | ||
| Fwd PE | 20.83 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as MSA.
- 68.75% 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 | 25.1 | ||
| EV/EBITDA | 15.97 |
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)10.06
PEG (5Y)2.34
EPS Next 2Y6.33%
EPS Next 3Y6.89%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.19%, MSA has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 0.83, MSA pays a better dividend. On top of this MSA pays more dividend than 82.50% of the companies listed in the same industry.
- MSA's Dividend Yield is slightly below the S&P500 average, which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.19% |
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.
- MSA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP29.2%
EPS Next 2Y6.33%
EPS Next 3Y6.89%
181.31
+4.16 (+2.35%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)10-28 2025-10-28/amc
Earnings (Next)02-11 2026-02-11/amc
Inst Owners94.92%
Inst Owner Change-1.95%
Ins Owners0.74%
Ins Owner Change-1.38%
Market Cap7.10B
Revenue(TTM)1.86B
Net Income(TTM)279.89M
Analysts76
Price Target191.15 (5.43%)
Short Float %3.81%
Short Ratio5.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.19% |
Yearly Dividend2
Dividend Growth(5Y)4.06%
DP29.2%
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)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 | 23.24 | ||
| Fwd PE | 20.83 | ||
| P/S | 3.81 | ||
| P/FCF | 25.1 | ||
| P/OCF | 20.32 | ||
| P/B | 5.45 | ||
| P/tB | 26.73 | ||
| EV/EBITDA | 15.97 |
EPS(TTM)7.8
EY4.3%
EPS(NY)8.71
Fwd EY4.8%
FCF(TTM)7.22
FCFY3.98%
OCF(TTM)8.92
OCFY4.92%
SpS47.58
BVpS33.25
TBVpS6.78
PEG (NY)10.06
PEG (5Y)2.34
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 | 5.66 |
F-Score5
WACC8.62%
ROIC/WACC1.59
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 23.24 and the Price/Book (PB) ratio is 5.45.
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%.