(MSA) MSA Safety - Overview
Sector: Industrials | Industry: Security & Protection Services | Exchange: NYSE (USA) | Market Cap: 6.507m USD | Total Return: 9.3% in 12m
Avg Turnover: 40.5M
EPS Trend: 94.7%
Qual. Beats: 2
Rev. Trend: 91.1%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
MSA Safety Incorporated specializes in the development and manufacture of high-specification safety equipment designed to protect personnel and infrastructure in hazardous environments. Its primary product lines include self-contained breathing apparatus (SCBA), fixed gas and flame detection systems, and industrial head protection. These solutions serve critical infrastructure sectors including fire services, energy, utilities, and construction.
The company operates within the safety equipment industry, a sector characterized by high barriers to entry due to stringent regulatory standards and the mission-critical nature of the hardware. MSA utilizes a multi-channel distribution strategy, leveraging both direct sales and global distributor networks to reach end-users in specialized industrial and municipal markets.
Investors looking for deeper fundamental insights can find comprehensive historical data on ValueRay. Founded in 1914, the company maintains a strong competitive position through established brand equity in its V-Gard and Cairns product lines.
- Fire service modernization cycles drive recurring self-contained breathing apparatus revenue
- Global energy infrastructure spending dictates demand for fixed gas detection systems
- Increasing occupational safety regulations expand addressable market for fall protection
- Raw material cost volatility and supply chain efficiency impact manufacturing margins
- Strategic pivot toward subscription-based safety software enhances long-term recurring revenue profiles
| Net Income: 290.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 0.73 > 1.0 |
| NWC/Revenue: 31.84% < 20% (prev 29.88%; Δ 1.96% < -1%) |
| CFO/TA 0.15 > 3% & CFO 377.7m > Net Income 290.6m |
| Net Debt (523.4m) to EBITDA (488.6m): 1.07 < 3 |
| Current Ratio: 3.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (39.0m) vs 12m ago -1.30% < -2% |
| Gross Margin: 46.80% > 18% (prev 0.47%; Δ 4.63k% > 0.5%) |
| Asset Turnover: 79.88% > 50% (prev 81.23%; Δ -1.35% > 0%) |
| Interest Coverage Ratio: 12.70 > 6 (EBITDA TTM 488.6m / Interest Expense TTM 32.7m) |
| A: 0.24 (Total Current Assets 891.7m - Total Current Liabilities 281.3m) / Total Assets 2.56b |
| B: 0.62 (Retained Earnings 1.60b / Total Assets 2.56b) |
| C: 0.17 (EBIT TTM 414.9m / Avg Total Assets 2.40b) |
| D: 1.57 (Book Value of Equity 1.89b / Total Liabilities 1.21b) |
| Altman-Z'' = 6.40 = AAA |
| DSRI: 1.05 (Receivables 325.0m/294.4m, Revenue 1.92b/1.82b) |
| GMI: 1.01 (GM 46.80% / 47.26%) |
| AQI: 1.06 (AQ_t 0.54 / AQ_t-1 0.51) |
| SGI: 1.06 (Revenue 1.92b / 1.82b) |
| TATA: -0.03 (NI 290.6m - CFO 377.7m) / TA 2.56b) |
| Beneish M = -2.94 (Cap -4..+1) = A |
As of May 24, 2026, the stock is trading at USD 168.55 with a total of 183,366 shares traded.
Over the past week, the price has changed by -0.17%,
over one month by +0.81%,
over three months by -11.97% and
over the past year by +9.31%.
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 | 205.7 | 22% |
P/E Forward = 19.6078
P/S = 3.394
P/B = 4.8251
P/EG = 0.9878
Revenue TTM = 1.92b USD
EBIT TTM = 414.9m USD
EBITDA TTM = 488.6m USD
Long Term Debt = 605.1m USD (from longTermDebt, last quarter)
Short Term Debt = 8.07m USD (from shortTermDebt, last quarter)
Debt = 703.5m USD (from shortLongTermDebtTotal, last quarter) + Leases 45.2m
Net Debt = 523.4m USD (calculated: Debt 703.5m - CCE 180.2m)
Enterprise Value = 7.03b USD (6.51b + Debt 703.5m - CCE 180.2m)
Interest Coverage Ratio = 12.70 (Ebit TTM 414.9m / Interest Expense TTM 32.7m)
EV/FCF = 22.72x (Enterprise Value 7.03b / FCF TTM 309.5m)
FCF Yield = 4.40% (FCF TTM 309.5m / Enterprise Value 7.03b)
FCF Margin = 16.14% (FCF TTM 309.5m / Revenue TTM 1.92b)
Net Margin = 15.16% (Net Income TTM 290.6m / Revenue TTM 1.92b)
Gross Margin = 46.80% ((Revenue TTM 1.92b - Cost of Revenue TTM 1.02b) / Revenue TTM)
Gross Margin QoQ = 47.36% (prev 46.86%)
Tobins Q-Ratio = 2.74 (Enterprise Value 7.03b / Total Assets 2.56b)
Interest Expense / Debt = 4.64% (Interest Expense 32.7m / Debt 703.5m)
Taxrate = 23.36% (21.7m / 93.0m)
NOPAT = 318.0m (EBIT 414.9m * (1 - 23.36%))
Current Ratio = 3.17 (Total Current Assets 891.7m / Total Current Liabilities 281.3m)
Debt / Equity = 0.52 (Debt 703.5m / totalStockholderEquity, last quarter 1.36b)
Debt / EBITDA = 1.07 (Net Debt 523.4m / EBITDA 488.6m)
Debt / FCF = 1.69 (Net Debt 523.4m / FCF TTM 309.5m)
Total Stockholder Equity = 1.32b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.11% (Net Income 290.6m / Total Assets 2.56b)
RoE = 22.03% (Net Income TTM 290.6m / Total Stockholder Equity 1.32b)
RoCE = 21.56% (EBIT 414.9m / Capital Employed (Equity 1.32b + L.T.Debt 605.1m))
RoIC = 15.07% (NOPAT 318.0m / Invested Capital 2.11b)
WACC = 8.46% (E(6.51b)/V(7.21b) * Re(8.99%) + D(703.5m)/V(7.21b) * Rd(4.64%) * (1-Tc(0.23)))
Discount Rate = 8.99% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -82.81 | Cagr: -0.63%
[DCF] Terminal Value 77.61% ; FCFF base≈287.1m ; Y1≈329.1m ; Y5≈484.4m
[DCF] Fair Price = 171.7 (EV 7.15b - Net Debt 523.4m = Equity 6.63b / Shares 38.6m; r=8.46% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 94.73 | EPS CAGR: 7.67% | SUE: 1.31 | # QB: 2
Revenue Correlation: 91.12 | Revenue CAGR: 3.66% | SUE: 0.71 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.14 | Chg30d=+0.04% | Revisions=+9% | Analysts=7
EPS next Quarter (2026-09-30): EPS=2.15 | Chg30d=+0.66% | Revisions=+9% | Analysts=7
EPS current Year (2026-12-31): EPS=8.88 | Chg30d=+2.02% | Revisions=+64% | GrowthEPS=+11.9% | GrowthRev=+6.8%
EPS next Year (2027-12-31): EPS=9.70 | Chg30d=+2.39% | Revisions=+64% | GrowthEPS=+9.3% | GrowthRev=+5.8%
[Analyst] Revisions Ratio: +64%