MSA Safety
Market Cap
US$6.2b
Last Updated
2021/03/08 00:12 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, military, and mining industries in North America, Latin America, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with reasonable growth potential and pays a dividend.
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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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MSA's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-0.8%
MSA
2.9%
US Commercial Services
-0.4%
US Market
1 Year Return
23.5%
MSA
13.1%
US Commercial Services
36.2%
US Market
Return vs Industry: MSA exceeded the US Commercial Services industry which returned 13.1% over the past year.
Return vs Market: MSA underperformed the US Market which returned 36.2% over the past year.
Shareholder returns
| MSA | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | 2.9% | -0.4% |
| 30 Day | -3.6% | -1.4% | -2.9% |
| 90 Day | 5.9% | -0.009% | 5.0% |
| 1 Year | 25.1%23.5% | 14.5%13.1% | 39.1%36.2% |
| 3 Year | 92.0%84.0% | 39.7%30.3% | 48.4%39.0% |
| 5 Year | 273.4%242.9% | 114.6%92.3% | 116.5%92.4% |
Long-Term 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
Don't Ignore The Fact That This Insider Just Sold Some Shares In MSA Safety Incorporated (NYSE:MSA)1 week ago | Simply Wall St
When Should You Buy MSA Safety Incorporated (NYSE:MSA)?3 weeks ago | Simply Wall St
Be Sure To Check Out MSA Safety Incorporated (NYSE:MSA) Before It Goes Ex-DividendValuation
Is MSA Safety undervalued compared to its fair value and its price relative to the market?
51.79x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MSA ($159.78) is trading above our estimate of fair value ($99.55)
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 (51.8x) compared to the US Commercial Services industry average (32.3x).
PE vs Market: MSA is poor value based on its PE Ratio (51.8x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: MSA is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: MSA is overvalued based on its PB Ratio (7.8x) compared to the US Commercial Services industry average (2.4x).
Next Steps
Future Growth
How is MSA Safety forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
26.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MSA's forecast earnings growth (26.1% per year) is above the savings rate (2%).
Earnings vs Market: MSA's earnings (26.1% per year) are forecast to grow faster than the US market (19.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MSA's revenue (5.7% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: MSA's revenue (5.7% 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 (20%)
Next Steps
Past Performance
How has MSA Safety performed over the past 5 years?
16.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MSA has a large one-off loss of $67.4M impacting its December 31 2020 financial results.
Growing Profit Margin: MSA's current net profit margins (8.9%) are lower than last year (9.7%).
Past Earnings Growth Analysis
Earnings Trend: MSA's earnings have grown by 16.6% per year over the past 5 years.
Accelerating Growth: MSA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MSA had negative earnings growth (-12.1%) over the past year, making it difficult to compare to the Commercial Services industry average (-10.4%).
Return on Equity
High ROE: MSA's Return on Equity (15%) 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 ($754.3M) exceed its short term liabilities ($310.5M).
Long Term Liabilities: MSA's short term assets ($754.3M) exceed its long term liabilities ($752.0M).
Debt to Equity History and Analysis
Debt Level: MSA's debt to equity ratio (37.9%) is considered satisfactory.
Reducing Debt: MSA's debt to equity ratio has reduced from 89.8% to 37.9% over the past 5 years.
Debt Coverage: MSA's debt is well covered by operating cash flow (67.2%).
Interest Coverage: MSA's interest payments on its debt are well covered by EBIT (41.2x coverage).
Balance Sheet
Next Steps
Dividend
What is MSA Safety current dividend yield, its reliability and sustainability?
1.08%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MSA's dividend (1.08%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: MSA's dividend (1.08%) is low compared to the top 25% of dividend payers in the US market (3.64%).
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 reasonable payout ratio (55.4%), MSA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MSA's dividends in 3 years are forecast to be well covered by earnings (30.7% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
3.2yrs
Average management tenure
CEO
Nish Vartanian (60 yo)
2.83yrs
Tenure
US$6,656,880
Compensation
Mr. Nishan J. Vartanian, also known as Nish, has been the President at MSA Safety Incorporated since June 4, 2017 and its Chief Executive Officer since May 15, 2018 also serves as its Chairman since May, 2...
CEO Compensation Analysis
Compensation vs Market: Nish's total compensation ($USD6.66M) is about average for companies of similar size in the US market ($USD6.35M).
Compensation vs Earnings: Nish's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 2.83yrs | US$6.66m | 0.089% $ 5.6m | |
| Senior VP | 5.25yrs | US$1.95m | 0.025% $ 1.5m | |
| VP & President of Americas | 3.58yrs | US$1.56m | 0.025% $ 1.6m | |
| VP & President of MSA International | 3.5yrs | US$1.06m | 0.021% $ 1.3m | |
| Corporate Controller & Chief Accounting Officer | 1.08yrs | no data | 0.0039% $ 241.1k | |
| Chief Information Officer & VP | 10.92yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| VP & Chief Legal Officer | 1.17yrs | no data | 0.010% $ 627.1k | |
| Director of Public Relations & Strategic Communications | no data | no data | no data | |
| VP of Global Marketing & Chief Customer Officer | 0.83yr | no data | no data | |
| Executive Director of Corporate Development | no data | no data | no data | |
| VP & Chief Human Resources Officer | no data | no data | no data |
3.2yrs
Average Tenure
45yo
Average Age
Experienced Management: MSA's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 2.83yrs | US$6.66m | 0.089% $ 5.6m | |
| Lead Independent Director | 3.83yrs | US$244.66k | 0.076% $ 4.7m | |
| Independent Director | 12.67yrs | US$218.73k | 6.04% $ 377.1m | |
| Director | 14.17yrs | US$269.98k | 0.35% $ 22.1m | |
| Independent Director | 17.17yrs | US$217.48k | 0.079% $ 4.9m | |
| Independent Director | 2.08yrs | US$227.54k | 0.0068% $ 425.3k | |
| Independent Director | 7.42yrs | US$222.48k | 0.028% $ 1.8m | |
| Independent Director | 2.08yrs | US$242.87k | 0.0070% $ 439.1k | |
| Independent Director | 3.42yrs | US$214.66k | 0.011% $ 712.6k |
3.8yrs
Average Tenure
60yo
Average Age
Experienced Board: MSA's board of directors are considered experienced (3.8 years average tenure).
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$6.246b
- Shares outstanding: 39.09m
- 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 manufact...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/08 00:12 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.