MSA Stock Analysis: MSA Safety | NYSE
Security & Protection Services | NYSE, USA | Market Cap: 7.343m USD | 12M Return: 12.8% | US5534981064 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 47.0M
EPS Trend: 95.6%
Qual. Beats: 3
Rev. Trend: 93.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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 (NYSE: MSA) is a U.S.-based manufacturer of worker and facility safety products, founded in 1914 and headquartered in Cranberry Township, Pennsylvania. Its portfolio spans breathing apparatus, firefighter helmets and apparel, fixed and portable gas/flame detection systems, industrial head and eye/face protection, fall protection equipment, air-purifying respirators, and gas masks, sold under the V-Gard, Cairns, and Gallet brands. The company serves end markets including fire service, energy, utilities, construction, industrial manufacturing, and HVAC&R, reaching customers through both direct sales and a distributor network.
The business operates within the broader personal protective equipment (PPE) and industrial safety sector, where demand is largely driven by occupational health and safety regulations and the operational needs of hazardous-work industries. As a mid-cap industrial manufacturer with a global customer base, MSA combines a diversified product mix with a hybrid go-to-market model that pairs direct relationships with key end-users for distribution leverage across fragmented regional markets.
- Fire service spending lifts self-contained breathing apparatus sales
- Energy sector capex drives fixed gas detection growth
- Construction cycle expansion fuels fall protection equipment demand
| 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 September 03, 2026, the stock is trading at USD 188.53 with a total of 191,037 shares traded. Over the past week, the price has changed by -1.04%, over one month by -1.76%, over three months by +15.80% and over the past year by +12.84%.
Current recommended Stop Loss: 183.20 (which is 2.8% or 1.3 ATR below the current price).
MSA Safety has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy MSA.
- StrongBuy: 3
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 209.1 | 10.9% |
P/E Trailing = 23.8521
P/E Forward = 19.6078
P/S = 3.7728
P/B = 5.2889
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 = 7.83b USD (7.34b + Debt 687.3m - CCE 200.1m)
Interest Coverage Ratio = 13.68 (Ebit TTM 444.8m / Interest Expense TTM 32.5m)
EV/FCF = 22.10x (Enterprise Value 7.83b / FCF TTM 354.3m)
FCF Yield = 4.52% (FCF TTM 354.3m / Enterprise Value 7.83b)
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 = 3.01 (Enterprise Value 7.83b / 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 = 8.74% (E(7.34b)/V(8.03b) * Re(9.22%) + D(687.3m)/V(8.03b) * Rd(4.73%) * (1-Tc(0.23)))
Discount Rate = 9.22% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.82 | Cagr: -0.64%
[DCF] Terminal Value 76.71% ; FCFF base≈313.6m ; Y1≈359.5m ; Y5≈529.0m
[DCF] Fair Price = 180.5 (EV 7.45b - Net Debt 487.2m = Equity 6.96b / Shares 38.6m; r=8.74% [WACC]; 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=2.17 | Chg30d=-0.29% | Revisions=+10% | Analysts=7
EPS current Year (2026-12-31): EPS=9.16 | Chg30d=+3.05% | Revisions=+70% | GrowthEPS=+15.6% | GrowthRev=+11.3%
EPS next Year (2027-12-31): EPS=10.03 | Chg30d=+3.37% | Revisions=+50% | GrowthEPS=+9.5% | GrowthRev=+9.0%
[Analyst] Revisions Ratio: +54% (up=17, down=4)