MSA Safety Incorporated

NYSE:MSA Stock Report

Market Cap: US$6.8b

MSA Safety Valuation

Is MSA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MSA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MSA ($172.89) is trading below our estimate of fair value ($239.03)

Significantly Below Fair Value: MSA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MSA?

Other financial metrics that can be useful for relative valuation.

MSA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4x
Enterprise Value/EBITDA15.2x
PEG Ratio2.6x

Price to Earnings Ratio vs Peers

How does MSA's PE Ratio compare to its peers?

The above table shows the PE ratio for MSA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.1x
HNI HNI
21.1x19.2%US$2.6b
MLKN MillerKnoll
26x48.9%US$1.7b
SCS Steelcase
12.2x2.6%US$1.5b
TILE Interface
16.9x10.8%US$1.4b
MSA MSA Safety
24.9x9.7%US$6.8b

Price-To-Earnings vs Peers: MSA is expensive based on its Price-To-Earnings Ratio (24.9x) compared to the peer average (19.1x).

Price to Earnings Ratio vs Industry

How does MSA's PE Ratio compare vs other companies in the US Commercial Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.6%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.6%
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Price-To-Earnings vs Industry: MSA is good value based on its Price-To-Earnings Ratio (24.9x) compared to the US Commercial Services industry average (28.7x).

Price to Earnings Ratio vs Fair Ratio

What is MSA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MSA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.9x
Fair PE Ratio24.6x

Price-To-Earnings vs Fair Ratio: MSA is expensive based on its Price-To-Earnings Ratio (24.9x) compared to the estimated Fair Price-To-Earnings Ratio (24.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MSA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$172.89
US$202.50
+17.1%
3.6%US$212.50US$195.00n/a3
Nov ’25US$163.63
US$203.75
+24.5%
4.3%US$212.50US$195.00n/a2
Aug ’25US$184.89
US$205.00
+10.9%
4.9%US$215.00US$195.00n/a2
Jul ’25US$185.11
US$197.50
+6.7%
1.3%US$200.00US$195.00n/a2
Jun ’25US$180.00
US$197.50
+9.7%
1.3%US$200.00US$195.00n/a2
May ’25US$182.82
US$197.50
+8.0%
1.3%US$200.00US$195.00n/a2
Apr ’25US$190.92
US$191.00
+0.04%
4.7%US$200.00US$182.00n/a2
Mar ’25US$183.03
US$191.00
+4.4%
4.7%US$200.00US$182.00n/a2
Feb ’25US$167.55
US$194.50
+16.1%
7.5%US$209.00US$180.00n/a2
Jan ’25US$168.83
US$192.50
+14.0%
8.6%US$209.00US$176.00n/a2
Dec ’24US$176.37
US$188.00
+6.6%
6.4%US$200.00US$176.00n/a2
Nov ’24US$157.66
US$188.00
+19.2%
6.4%US$200.00US$176.00US$163.632
Oct ’24US$157.65
US$183.00
+16.1%
7.1%US$196.00US$170.00US$171.642
Sep ’24US$185.02
US$183.00
-1.1%
7.1%US$196.00US$170.00US$182.632
Aug ’24US$179.82
US$177.50
-1.3%
10.4%US$196.00US$159.00US$184.892
Jul ’24US$173.96
US$158.00
-9.2%
6.3%US$168.00US$148.00US$185.112
Jun ’24US$139.16
US$158.00
+13.5%
6.3%US$168.00US$148.00US$180.002
May ’24US$130.42
US$162.50
+24.6%
5.8%US$172.00US$153.00US$182.822
Apr ’24US$133.50
US$162.50
+21.7%
5.8%US$172.00US$153.00US$190.922
Mar ’24US$133.48
US$162.50
+21.7%
5.8%US$172.00US$153.00US$183.032
Feb ’24US$139.06
US$161.00
+15.8%
5.6%US$170.00US$152.00US$167.552
Jan ’24US$144.19
US$153.00
+6.1%
11.1%US$170.00US$136.00US$168.832
Dec ’23US$141.33
US$146.50
+3.7%
7.2%US$157.00US$136.00US$176.372
Nov ’23US$134.63
US$146.50
+8.8%
7.2%US$157.00US$136.00US$157.662

Analyst Forecast: Target price is less than 20% higher than the current share price.

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