MSA Stock Analysis: MSA Safety | NYSE
Security & Protection Services | NYSE, USA | Market Cap: 7.073m USD | 12M Return: 10.2% | US5534981064 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 39.4M
EPS Trend: 95.6%
Qual. Beats: 3
Rev. Trend: 93.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
MSA Safety Incorporated is a global manufacturer and supplier of personal protective equipment (PPE) and safety technology solutions designed to protect workers and facility infrastructure. Its product portfolio spans self-contained breathing apparatus, firefighter helmets and apparel, fixed and portable gas and flame detection systems, fall protection equipment, head protection, air-purifying respirators, and eye and face protection products, marketed under brands such as V-Gard, Cairns, and Gallet. The company serves a diverse customer base across the fire service, energy, utility, construction, industrial manufacturing, and HVAC/R sectors, distributing through both direct sales and third-party channels. Founded in 1914 and headquartered in Cranberry Township, Pennsylvania, MSA operates a business-to-business model in which demand is closely tied to occupational safety regulations, industrial activity, and capital spending in end markets such as oil and gas, construction, and emergency services.
- Refrigerant detection revenue surges under federal AIM Act phase-down
- Americas fire service backlog grows on infrastructure spending
- International segment margins expand as European industrial demand recovers
| Net Income: 314.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 3.72 > 1.0 |
| NWC/Revenue: 33.19% < 20% (prev 32.94%; Δ 0.25% < -1%) |
| CFO/TA 0.16 > 3% & CFO 405.9m > Net Income 314.0m |
| Net Debt (487.2m) to EBITDA (519.7m): 0.94 < 3 |
| Current Ratio: 3.24 > 1.5 & < 3 |
| Outstanding Shares: last quarter (39.0m) vs 12m ago -0.95% < -2% |
| Gross Margin: 47.57% > 18% (prev 46.83%; Δ 0.74% > 0.5%) |
| Asset Turnover: 75.56% > 50% (prev 71.67%; Δ 3.89% > 0%) |
| Interest Coverage Ratio: 13.68 > 6 (EBIT TTM 444.8m / Interest Expense TTM 32.5m) |
| A: 0.25 (Total Current Assets 934.8m - Total Current Liabilities 288.9m) / Total Assets 2.60b |
| B: 0.64 (Retained Earnings 1.66b / Total Assets 2.60b) |
| C: 0.17 (EBIT TTM 444.8m / Avg Total Assets 2.58b) |
| D: 1.17 (Book Value of Equity 1.40b / Total Liabilities 1.20b) |
| Altman-Z'' = 6.10 = AAA |
| DSRI: 0.98 (Receivables 347.9m/333.8m, Revenue 1.95b/1.83b) |
| GMI: 0.98 (GM 46.83% / 47.57%) |
| AQI: 0.99 (AQ_t 0.51 / AQ_t-1 0.52) |
| SGI: 1.06 (Revenue 1.95b / 1.83b) |
| TATA: -0.04 (NI 314.0m - CFO 405.9m) / TA 2.60b) |
| Beneish M = -3.02 (Cap -4..+1) = AA |
As of October 29, 2026, the stock is trading at USD 177.16 with a total of 235,604 shares traded. Over the past week, the price has changed by -3.37%, over one month by -2.83%, over three months by -1.15% and over the past year by +10.18%.
Current recommended Stop Loss: 172.00 (which is 2.9% or 1.3 ATR below the current price).
MSA Safety has received a consensus analysts rating of 3.57. Therefore, it is recommended to hold MSA.
- StrongBuy: 2
- Buy: 0
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 209.1 | 18.1% |
P/E Trailing = 22.8035
P/E Forward = 19.6078
P/S = 3.634
P/B = 5.0452
P/EG = 0.9878
Revenue TTM = 1.95b USD
EBIT TTM = 444.8m USD
EBITDA TTM = 519.7m USD
Long Term Debt = 591.6m USD (from longTermDebt, last quarter)
Short Term Debt = 8.10m USD (from shortTermDebt, last quarter)
Debt = 687.3m USD (from shortLongTermDebtTotal, last quarter) + Leases 43.8m
Net Debt = 487.2m USD (calculated: Debt 687.3m - CCE 200.1m)
Enterprise Value = 7.56b USD (7.07b + Debt 687.3m - CCE 200.1m)
Interest Coverage Ratio = 13.68 (Ebit TTM 444.8m / Interest Expense TTM 32.5m)
EV/FCF = 21.34x (Enterprise Value 7.56b / FCF TTM 354.3m)
FCF Yield = 4.69% (FCF TTM 354.3m / Enterprise Value 7.56b)
FCF Margin = 18.20% (FCF TTM 354.3m / Revenue TTM 1.95b)
Net Margin = 16.13% (Net Income TTM 314.0m / Revenue TTM 1.95b)
Gross Margin = 47.57% ((Revenue TTM 1.95b - Cost of Revenue TTM 1.02b) / Revenue TTM)
Gross Margin QoQ = 49.53% (prev 47.36%)
Tobins Q-Ratio = 2.91 (Enterprise Value 7.56b / Total Assets 2.60b)
Interest Expense / Debt = 4.73% (Interest Expense 32.5m / Debt 687.3m)
Taxrate = 23.43% (96.1m / 410.1m)
NOPAT = 340.6m (EBIT 444.8m * (1 - 23.43%))
Current Ratio = 3.24 (Total Current Assets 934.8m / Total Current Liabilities 288.9m)
Debt / Equity = 0.49 (Debt 687.3m / totalStockholderEquity, last quarter 1.40b)
Debt / EBITDA = 0.94 (Net Debt 487.2m / EBITDA 519.7m)
Debt / FCF = 1.38 (Net Debt 487.2m / FCF TTM 354.3m)
Total Stockholder Equity = 1.36b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.19% (Net Income 314.0m / Total Assets 2.60b)
RoE = 23.15% (Net Income TTM 314.0m / Total Stockholder Equity 1.36b)
RoCE = 22.83% (EBIT 444.8m / Capital Employed (Equity 1.36b + L.T.Debt 591.6m))
RoIC = 15.32% (NOPAT 340.6m / Invested Capital 2.22b)
WACC = 8.30% (E(7.07b)/V(7.76b) * Re(8.76%) + D(687.3m)/V(7.76b) * Rd(4.73%) * (1-Tc(0.23)))
Discount Rate = 8.76% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.82 | Cagr: -0.64%
[DCF] Terminal Value 77.97% ; FCFF base≈313.6m ; Y1≈359.5m ; Y5≈529.0m
[DCF] Fair Price = 193.7 (EV 7.96b - Net Debt 487.2m = Equity 7.47b / Shares 38.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 95.57 | EPS CAGR: 7.40% | SUE: 2.98 | # QB: 3
Revenue Correlation: 93.48 | Revenue CAGR: 3.32% | SUE: 0.43 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.09 | Chg30d=-3.77% | Revisions=-50% | Analysts=7
EPS current Year (2026-12-31): EPS=9.07 | Chg30d=-1.03% | Revisions=-50% | GrowthEPS=+14.4% | GrowthRev=+11.2%
EPS next Year (2027-12-31): EPS=9.93 | Chg30d=-1.00% | Revisions=+0% | GrowthEPS=+9.5% | GrowthRev=+9.1%
[Analyst] Revisions Ratio: -55% (up=1, down=7)