Msa Safety Inc

Health Care
Industrial Specialties
www.msasafety.com

Earnings Score
Moat Score
Safety Score

Market Cap $6.92B
PE 25
Debt $581.64M
Cash $154.97M
EV $7.35B
FCF $295.84M

Earnings

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Sales & Net Margins

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Earnings	$273.39M
EBIT	$373.78M
ROE	25%
ROA	17%
FCF	$295.84M
Equity	$1.10B
Growth Stability	17%
PE	25.32
PEG	-11.68
PB	6.32
P/FCF	23.39
P/S	3.84
Price/Cash	0.02
Debt/Equity	0.53
Debt/FCF	1.97
Net Margins	15%
Gross Margins	48%
Op. Margins	21%
Earnings CAGR	2%
Sales Growth YoY	-3%
Sales Growth QoQ	-6%
Sales CAGR	5%
FCF CAGR	8%
Equity CAGR	7%
Earnings Stability	0.01
Earnings Growth YoY	2%
Earnings Growth QoQ	-8%
Earnings CAGR 5Y	-2%

Sales CAGR 5Y	7%
FCF CAGR 5Y	5%
Equity CAGR 5Y	7%
Earnings CAGR 3Y	12%
Sales CAGR 3Y	12%
FCF CAGR 3Y	22%
Equity CAGR 3Y	9%
Market Cap	$6.92B
Revenue	$1.80B
Dividend Yield	1%
Payout Ratio	28%
Assets	$2.24B
Total Debt	$581.64M
Cash	$154.97M
Shares Outstanding	39.31M
EV	7.35B
Earnings Score	6%
Moat Score	95%
Safety Score	64%
Final Score	55%
Working Capital	528.19M
Current Ratio	2.68
Gross Profit	$864.20M
Shares Growth 3y	0%
Equity Growth QoQ	6%
Equity Growth YoY	26%

Assets & ROA

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Stockholders Equity & ROE

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The investment seeks to provide high income and total return. Under normal conditions, the fund will invest at least 80% of its total assets in fixed income securities and other financial instruments that pay periodic income. It may hold securities of any duration or maturity and does not maintain set policies with respect to the average duration or maturity of the funds portfolio. The fund may invest in a broad range of debt and equity instruments and sectors and strategies to achieve its investment objective. It is non-diversified. Under normal conditions, the fund will invest at least 80% of its total assets in fixed income securities and other financial instruments that pay periodic income. It may hold securities of any duration or maturity and does not maintain set policies with respect to the average duration or maturity of the funds portfolio. The fund may invest in a broad range of debt and equity instruments and sectors and strategies to achieve its investment objective.

SEC Filings

Direct access to Msa Safety Inc (MSA) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Msa Safety Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Msa Safety Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 2%

Stability 1%

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Msa Safety Inc Discounted Cash Flow

Fully customizable DCF calculator online for Msa Safety Inc.

Years

Calculation mode

= $5B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$296M	$318M	$342M	$368M	$396M	$426M	$458M	$493M	$530M	$571M	$614M	$6.1B
DCF		$289M	$283M	$277M	$271M	$265M	$259M	$253M	$247M	$242M	$237M	$2.4B
Value	$5B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	8%	6%	8%	2%	9%	10%	9%	2%	12%	3%	15%
ROA	-	9%	12%	3%	11%	11%	9%	1%	10%	11%	17%
ROE	-	13%	16%	4%	19%	19%	15%	3%	19%	6%	25%

Good Net Margins (15.06%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	24.89	3.81	2.43	1.66	2.87	2.08	3.85	5.05	12.54	1.97
Debt over Equity	0.48	0.92	0.74	0.83	0.6	0.5	0.4	0.72	0.63	0.65	0.53
Growth Stability	-	-	-	32%	100%	100%	100%	17%	100%	55%	17%

Good Debt/FCF ratio (1.97)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.53)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (17%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-1%	2%	4%	13%	3%	-4%	4%	9%	17%	7%
Earnings YoY growth	-	-23%	35%	-72%	377%	10%	-12%	-82%	743%	-67%	-2%
Equity YoY growth	-	-4%	9%	7%	6%	15%	11%	3%	11%	5%	7%
FCF YoY growth	-	-74%	475%	89%	11%	-44%	23%	-1%	-26%	-56%	5%