(MSA) MSA Safety - Overview
Stock: Breathing Apparatus, Gas Detection, Head Protection, Fall Protection
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.30% |
| Yield on Cost 5y | 1.65% |
| Yield CAGR 5y | 4.66% |
| Payout Consistency | 92.2% |
| Payout Ratio | 38.2% |
| Risk 5d forecast | |
|---|---|
| Volatility | 21.0% |
| Relative Tail Risk | -3.99% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.62 |
| Alpha | 5.44 |
| Character TTM | |
|---|---|
| Beta | 0.771 |
| Beta Downside | 0.643 |
| Drawdowns 3y | |
|---|---|
| Max DD | 34.28% |
| CAGR/Max DD | 0.40 |
Description: MSA MSA Safety January 09, 2026
MSA Safety Inc. (NYSE: MSA) designs, manufactures and sells a broad portfolio of personal-protective-equipment and gas-detection technologies, ranging from self-contained breathing apparatus and firefighter helmets to fixed-site infrared gas monitors and fall-protection harnesses. The firm serves fire-service, energy, utility, construction, industrial manufacturing, and HVAC-R markets through a mix of direct sales and distributor channels, and markets its products under the V-Gard, Cairns and Gallet brands.
Key operating metrics from the most recent fiscal year show revenue of roughly $2.1 billion, an adjusted earnings-per-share of $3.10 and an operating margin near 12%, reflecting steady demand for safety solutions amid rising construction activity and increased regulatory scrutiny of workplace exposure. A notable sector driver is the accelerating rollout of renewable-energy projects, which boosts demand for portable and fixed gas-detection equipment in wind-farm and solar-plant construction. Additionally, U.S. infrastructure legislation is expected to increase spending on fire-protection upgrades in public and commercial buildings, providing a tailwind for MSA’s fire-service product lines.
For a deeper quantitative dive into MSA’s valuation and risk profile, you might explore the analytics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 279.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA -2.12 > 1.0 |
| NWC/Revenue: 32.44% < 20% (prev 29.28%; Δ 3.15% < -1%) |
| CFO/TA 0.14 > 3% & CFO 349.4m > Net Income 279.9m |
| Net Debt (504.4m) to EBITDA (470.4m): 1.07 < 3 |
| Current Ratio: 3.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (39.4m) vs 12m ago -0.34% < -2% |
| Gross Margin: 46.48% > 18% (prev 0.48%; Δ 4600 % > 0.5%) |
| Asset Turnover: 77.72% > 50% (prev 80.46%; Δ -2.73% > 0%) |
| Interest Coverage Ratio: 13.05 > 6 (EBITDA TTM 470.4m / Interest Expense TTM 30.7m) |
Altman Z'' 6.03
| A: 0.24 (Total Current Assets 894.8m - Total Current Liabilities 290.3m) / Total Assets 2.55b |
| B: 0.58 (Retained Earnings 1.48b / Total Assets 2.55b) |
| C: 0.17 (EBIT TTM 400.7m / Avg Total Assets 2.40b) |
| D: 1.39 (Book Value of Equity 1.74b / Total Liabilities 1.25b) |
| Altman-Z'' Score: 6.03 = AAA |
Beneish M -2.92
| DSRI: 1.07 (Receivables 306.9m/277.3m, Revenue 1.86b/1.80b) |
| GMI: 1.03 (GM 46.48% / 47.91%) |
| AQI: 1.03 (AQ_t 0.52 / AQ_t-1 0.50) |
| SGI: 1.03 (Revenue 1.86b / 1.80b) |
| TATA: -0.03 (NI 279.9m - CFO 349.4m) / TA 2.55b) |
| Beneish M-Score: -2.92 (Cap -4..+1) = A |
What is the price of MSA shares?
Over the past week, the price has changed by +9.02%, over one month by +14.08%, over three months by +23.37% and over the past year by +17.62%.
Is MSA a buy, sell or hold?
- StrongBuy: 3
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the MSA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 189.5 | -1.9% |
| Analysts Target Price | 189.5 | -1.9% |
| ValueRay Target Price | 212.4 | 10% |
MSA Fundamental Data Overview February 04, 2026
P/S = 3.8091
P/B = 5.3401
P/EG = 1.7
Revenue TTM = 1.86b USD
EBIT TTM = 400.7m USD
EBITDA TTM = 470.4m USD
Long Term Debt = 620.4m USD (from longTermDebt, last quarter)
Short Term Debt = 8.21m USD (from shortTermDebt, last quarter)
Debt = 674.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 504.4m USD (from netDebt column, last quarter)
Enterprise Value = 7.60b USD (7.10b + Debt 674.4m - CCE 170.0m)
Interest Coverage Ratio = 13.05 (Ebit TTM 400.7m / Interest Expense TTM 30.7m)
EV/FCF = 26.87x (Enterprise Value 7.60b / FCF TTM 282.9m)
FCF Yield = 3.72% (FCF TTM 282.9m / Enterprise Value 7.60b)
FCF Margin = 15.18% (FCF TTM 282.9m / Revenue TTM 1.86b)
Net Margin = 15.02% (Net Income TTM 279.9m / Revenue TTM 1.86b)
Gross Margin = 46.48% ((Revenue TTM 1.86b - Cost of Revenue TTM 997.4m) / Revenue TTM)
Gross Margin QoQ = 46.46% (prev 46.55%)
Tobins Q-Ratio = 2.98 (Enterprise Value 7.60b / Total Assets 2.55b)
Interest Expense / Debt = 1.25% (Interest Expense 8.42m / Debt 674.4m)
Taxrate = 24.71% (22.8m / 92.5m)
NOPAT = 301.7m (EBIT 400.7m * (1 - 24.71%))
Current Ratio = 3.08 (Total Current Assets 894.8m / Total Current Liabilities 290.3m)
Debt / Equity = 0.52 (Debt 674.4m / totalStockholderEquity, last quarter 1.30b)
Debt / EBITDA = 1.07 (Net Debt 504.4m / EBITDA 470.4m)
Debt / FCF = 1.78 (Net Debt 504.4m / FCF TTM 282.9m)
Total Stockholder Equity = 1.22b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.67% (Net Income 279.9m / Total Assets 2.55b)
RoE = 22.91% (Net Income TTM 279.9m / Total Stockholder Equity 1.22b)
RoCE = 21.75% (EBIT 400.7m / Capital Employed (Equity 1.22b + L.T.Debt 620.4m))
RoIC = 16.78% (NOPAT 301.7m / Invested Capital 1.80b)
WACC = 8.08% (E(7.10b)/V(7.77b) * Re(8.76%) + D(674.4m)/V(7.77b) * Rd(1.25%) * (1-Tc(0.25)))
Discount Rate = 8.76% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.23%
[DCF Debug] Terminal Value 69.85% ; FCFF base≈288.1m ; Y1≈189.1m ; Y5≈86.3m
Fair Price DCF = 29.60 (EV 1.66b - Net Debt 504.4m = Equity 1.16b / Shares 39.2m; r=8.08% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: -8.62 | EPS CAGR: -40.81% | SUE: -4.0 | # QB: 0
Revenue Correlation: 69.16 | Revenue CAGR: 3.60% | SUE: 0.31 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.90 | Chg30d=-0.057 | Revisions Net=-1 | Analysts=5
EPS next Year (2026-12-31): EPS=8.62 | Chg30d=-0.152 | Revisions Net=-6 | Growth EPS=+10.5% | Growth Revenue=+5.6%