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Market Cap

US$6.0b

Last Updated

2021/04/12 22:09 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


Snowflake Analysis

Flawless balance sheet 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 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

1.9%

MSA

1.9%

US Commercial Services

0.9%

US Market


1 Year Return

40.7%

MSA

50.0%

US Commercial Services

57.9%

US Market

Return vs Industry: MSA underperformed the US Commercial Services industry which returned 50% over the past year.

Return vs Market: MSA underperformed the US Market which returned 57.9% over the past year.


Shareholder returns

MSAIndustryMarket
7 Day1.9%1.9%0.9%
30 Day-6.2%4.7%2.3%
90 Day-3.8%5.5%6.3%
1 Year42.5%40.7%52.0%50.0%60.8%57.9%
3 Year87.1%79.3%57.4%46.9%64.5%53.9%
5 Year243.3%215.3%123.5%100.2%120.9%96.4%

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

Valuation

Is MSA Safety undervalued compared to its fair value and its price relative to the market?

50.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MSA ($154.68) is trading above our estimate of fair value ($92.25)

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 (50.1x) compared to the US Commercial Services industry average (34.4x).

PE vs Market: MSA is poor value based on its PE Ratio (50.1x) compared to the US market (22.3x).


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 (7.6x) compared to the US Commercial Services industry average (2.6x).


Future Growth

How is MSA Safety forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

25.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MSA's forecast earnings growth (25.3% per year) is above the savings rate (2%).

Earnings vs Market: MSA's earnings (25.3% per year) are forecast to grow faster than the US market (18.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MSA's revenue (4.9% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: MSA's revenue (4.9% 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 low in 3 years time (19.9%).


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 (-12.1%).


Return on Equity

High ROE: MSA's Return on Equity (15%) is considered low.


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


Dividend

What is MSA Safety current dividend yield, its reliability and sustainability?

1.11%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MSA's dividend (1.11%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.26%).

High Dividend: MSA's dividend (1.11%) is low compared to the top 25% of dividend payers in the US market (3.5%).


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 (31.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Nish Vartanian (60 yo)

2.92yrs

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 ($USD6.66M) is about average for companies of similar size in the US market ($USD6.36M).

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

Experienced Management: MSA's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: MSA's board of directors are considered experienced (3.9 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$5.961b
  • 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


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/12 22:09
End of Day Share Price2021/04/12 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.