MSA Safety
Market Cap
US$3.6b
Last Updated
2020/04/03 00:34 UTC
Data Sources
Company Financials +
Executive Summary
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, utilities, and mining industries in North America, Latin America, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Proven track record average dividend payer.
Similar Companies
Share Price & News
How has MSA Safety's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MSA's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-2.9%
MSA
-1.1%
US Commercial Services
-1.1%
US Market
1 Year Return
-12.7%
MSA
-18.5%
US Commercial Services
-13.6%
US Market
Return vs Industry: MSA exceeded the US Commercial Services industry which returned -18.5% over the past year.
Return vs Market: MSA underperformed the US Market which returned -13.6% over the past year.
Shareholder returns
| MSA | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.9% | -1.1% | -1.1% |
| 30 Day | -28.7% | -25.0% | -17.8% |
| 90 Day | -27.6% | -26.3% | -22.5% |
| 1 Year | -11.4%-12.7% | -15.6%-18.5% | -11.9%-13.6% |
| 3 Year | 43.5%36.7% | 14.1%6.8% | 12.1%4.9% |
| 5 Year | 101.0%81.7% | 36.7%22.2% | 30.5%16.3% |
Price Volatility Vs. Market
How volatile is MSA Safety's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
A Look At The Fair Value Of MSA Safety Incorporated (NYSE:MSA)2 weeks ago | Simply Wall St
Does Market Volatility Impact MSA Safety Incorporated's (NYSE:MSA) Share Price?4 weeks ago | Simply Wall St
VP & Chief Legal Officer Stephanie Sciullo Just Sold A Bunch Of Shares In MSA Safety Incorporated (NYSE:MSA)Valuation
Is MSA Safety undervalued compared to its fair value and its price relative to the market?
26.44x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MSA ($89.15) is trading above our estimate of fair value ($60.14)
Significantly Below Fair Value: MSA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MSA is poor value based on its PE Ratio (25.3x) compared to the Commercial Services industry average (19.1x).
PE vs Market: MSA is poor value based on its PE Ratio (25.3x) compared to the US market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: MSA is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: MSA is overvalued based on its PB Ratio (4.8x) compared to the US Commercial Services industry average (1.2x).
Next Steps
Future Growth
How is MSA Safety forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
19.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MSA's forecast earnings growth (19.4% per year) is above the savings rate (1.7%).
Earnings vs Market: MSA's earnings (19.4% per year) are forecast to grow faster than the US market (12.3% per year).
High Growth Earnings: MSA's earnings are forecast to grow, but not significantly.
Revenue vs Market: MSA's revenue (3.2% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: MSA's revenue (3.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MSA's Return on Equity is forecast to be high in 3 years time (22.6%)
Next Steps
Past Performance
How has MSA Safety performed over the past 5 years?
8.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MSA has a large one-off loss of $47.0M impacting its December 31 2019 financial results.
Growing Profit Margin: MSA's current net profit margins (9.7%) are higher than last year (9.1%).
Past Earnings Growth Analysis
Earnings Trend: MSA's earnings have grown by 8.6% per year over the past 5 years.
Accelerating Growth: MSA's earnings growth over the past year (9.9%) exceeds its 5-year average (8.6% per year).
Earnings vs Industry: MSA earnings growth over the past year (9.9%) exceeded the Commercial Services industry 2.5%.
Return on Equity
High ROE: MSA's Return on Equity (18.8%) is considered low.
Next Steps
Financial Health
How is MSA Safety's financial position?
Financial Position Analysis
Short Term Liabilities: MSA's short term assets ($693.4M) exceed its short term liabilities ($277.5M).
Long Term Liabilities: MSA's short term assets ($693.4M) do not cover its long term liabilities ($729.6M).
Debt to Equity History and Analysis
Debt Level: MSA's debt to equity ratio (47.6%) is considered high.
Reducing Debt: MSA's debt to equity ratio has increased from 46.8% to 47.6% over the past 5 years.
Debt Coverage: MSA's debt is well covered by operating cash flow (47.3%).
Interest Coverage: MSA's interest payments on its debt are well covered by EBIT (28.4x coverage).
Balance Sheet
Inventory Level: MSA has a high level of physical assets or inventory.
Debt Coverage by Assets: MSA's debt is covered by short term assets (assets are 2x debt).
Next Steps
Dividend
What is MSA Safety's current dividend yield, its reliability and sustainability?
1.80%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MSA's dividend (1.88%) isn’t notable compared to the bottom 25% of dividend payers in the US market (2%).
High Dividend: MSA's dividend (1.88%) is low compared to the top 25% of dividend payers in the US market (5.56%).
Stability and Growth of Payments
Stable Dividend: MSA's dividends per share have been stable in the past 10 years.
Growing Dividend: MSA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.5%), MSA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MSA's dividends in 3 years are forecast to be well covered by earnings (31.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Nish Vartanian (59yo)
1.92s
Tenure
US$2,813,553
Compensation
Mr. Nishan J. Vartanian, also known as Nish, has been the President at MSA Safety Incorporated since June 4, 2017 and its Chief Executive Officer since May 15, 2018 and served as its Senior Vice President ...
CEO Compensation Analysis
Compensation vs Market: Nish's total compensation ($USD2.81M) is below average for companies of similar size in the US market ($USD5.63M).
Compensation vs Earnings: Nish's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.92yrs | US$2.81m | 0.13% $4.7m | |
| Senior VP | 4.33yrs | US$1.50m | 0.027% $962.7k | |
| VP & President of Americas | 2.67yrs | US$1.27m | 0.038% $1.4m | |
| VP & President of MSA International | 2.58yrs | US$1.05m | 0.019% $697.3k | |
| Corporate Controller & Principal Accounting Officer | 0.17yr | no data | 0.0045% $162.2k | |
| Chief Information Officer & VP | 10yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| VP & Chief Legal Officer | 0.25yr | no data | 0.0079% $287.5k | |
| Director of Public Relations & Strategic Communications | no data | no data | no data | |
| Executive Director of Corporate Development | no data | no data | no data |
2.6yrs
Average Tenure
45yo
Average Age
Experienced Management: MSA's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.92yrs | US$2.81m | 0.13% $4.7m | |
| Lead Independent Director | no data | US$225.01k | 0.071% $2.6m | |
| Independent Director | 11.75yrs | US$195.01k | 5.46% $197.8m | |
| Non-Executive Chairman | 4.92yrs | US$2.64m | 0.22% $7.9m | |
| Independent Director | 16.25yrs | US$200.01k | 0.069% $2.5m | |
| Independent Director | 2.83yrs | US$195.01k | 0.011% $387.7k | |
| Independent Director | 1.17yrs | no data | 0.0039% $141.6k | |
| Independent Director | 6.5yrs | US$207.51k | 0.028% $1.0m | |
| Independent Director | 1.17yrs | no data | 0.0042% $150.6k | |
| Independent Director | 2.5yrs | US$195.01k | 0.0086% $309.9k |
2.8yrs
Average Tenure
59yo
Average Age
Experienced Board: MSA's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MSA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
MSA Safety Incorporated's company bio, employee growth, exchange listings and data sources
Key Information
- Name: MSA Safety Incorporated
- Ticker: MSA
- Exchange: NYSE
- Founded: 1914
- Industry: Office Services and Supplies
- Sector: Commercial Services
- Market Cap: US$3.620b
- Shares outstanding: 38.86m
- Website: https://www.msasafety.com
Number of Employees
Location
- MSA Safety Incorporated
- 1000 Cranberry Woods Drive
- Cranberry Township
- Pennsylvania
- 16066-5207
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MSA | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Dec 1972 |
| M07 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 1972 |
| MNES.P | OTCPK (Pink Sheets LLC) | PFD | US | USD | Oct 1990 |
Biography
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, utilities, and mining industries in North America, Latin America, and internationally. The company’s core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air. Its core product offerings also consist of breathing apparatus products, such as self-contained breathing apparatus, face masks, and respirators; hand-held portable gas detection instruments; industrial head protection products; firefighter helmets and protective apparel; and fall protection equipment comprising confined space equipment, harnesses, lanyards, and self-retracting lifelines, as well as engineered systems. In addition, the company offers respirators, eye and face protection products, ballistic helmets, and gas masks. It serves distributors, and industrial or military end-users through indirect and direct sales channels. The company offers its product under the V-Gard, Cairns, and Gallet brand names. MSA Safety Incorporated was founded in 1914 and is based in Cranberry Township, Pennsylvania.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/03 00:34 |
| End of Day Share Price | 2020/04/02 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.