Item 1. Business Overview—MSA Safety Incorporated (the "Company" or "MSA") is the global leader in advanced safety products, technology and solutions. Driven by its singular mission of safety, the Company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. The Company's comprehensive product line, which is governed by rigorous safety standards across highly regulated industries, is used to protect workers and facility infrastructures around the world in a broad range of markets, including fire service, energy, utility, construction, and industrial manufacturing applications as well as heating, ventilation, air conditioning and refrigeration ("HVAC-R"). The Company's principal product categories are detection, fire service and industrial personal protective equipment ("PPE").
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.9B | 1.9B | 1.8B | 1.8B | 1.5B | 1.4B |
| Net Income | 279M | 279M | 285M | 59M | 180M | 21M |
| EPS | $7.09 | $7.09 | $7.21 | $1.48 | $4.56 | $0.54 |
| Free Cash Flow | 295M | 295M | 242M | 50M | 115M | 155M |
| ROIC | 15.8% | 19.0% | 21.9% | 9.8% | 15.3% | 1.8% |
| Gross Margin | 46.5% | 46.5% | 47.6% | 47.7% | 44.1% | 43.9% |
| Debt/Equity | 0.43 | 0.43 | 0.47 | 0.65 | 0.63 | 0.72 |
| Dividends/Share | $2.09 | $2.10 | $2.00 | $1.87 | $1.82 | $1.75 |
| Operating Income | 372M | 372M | 389M | 231M | 239M | 23M |
| Operating Margin | 19.8% | 19.8% | 21.5% | 12.9% | 15.7% | 1.6% |
| ROE | 20.4% | 22.2% | 24.9% | 6.1% | 19.4% | 2.6% |
| Shares Outstanding | 39M | 39M | 40M | 40M | 39M | 40M |
MSA Safety Inc passes 6 of 9 quality checks, suggesting mixed fundamentals.
MSA Safety Inc trades at 5.1x trailing earnings, compared to its 15-year median P/E of 11.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 4.7x vs a median of 10.0x. The company's 5-year average ROIC is 13.6% with a gross margin of 46.0%. Total shareholder yield (dividends + buybacks) is 12.2%. At current prices, the estimated annualized return to fair value is +7.2%.
MSA Safety Inc (MNESP) has a current P/E ratio of 5.1, compared to its historical median P/E of 11.6. The stock is currently considered Fair based on its historical valuation range.
MSA Safety Inc (MNESP) has a 5-year average return on invested capital (ROIC) of 13.6%. This indicates solid capital allocation.
MSA Safety Inc (MNESP) has a market capitalization of $1.4B. It is classified as a small-cap stock.
Yes, MSA Safety Inc (MNESP) pays a dividend with a trailing twelve-month yield of 5.81%. The company also returns capital through share buybacks, with a buyback yield of 6.35%.
Based on historical P/E analysis, MSA Safety Inc (MNESP) appears fair. The current P/E of 5.1 is 56% below its historical median of 11.6. The estimated fair value CAGR (P/E method) is 4.9%.
MSA Safety Inc (MNESP) operates in the Orthopedic, Prosthetic & Surgical Appliances & Supplies industry, within the Healthcare sector.
MSA Safety Inc (MNESP) reported annual revenue of $1.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
MSA Safety Inc (MNESP) has a net profit margin of 14.9%. This is a healthy margin.
MSA Safety Inc (MNESP) generated $295 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MSA Safety Inc (MNESP) has a debt-to-equity ratio of 0.43. This indicates a conservatively financed balance sheet.
MSA Safety Inc (MNESP) reported earnings per share (EPS) of $7.09 in its most recent fiscal year.
MSA Safety Inc (MNESP) has a return on equity (ROE) of 22.2%. This indicates the company generates strong returns for shareholders.
MSA Safety Inc (MNESP) has a 5-year average gross margin of 46.0%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for MSA Safety Inc (MNESP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MSA Safety Inc (MNESP) has a book value per share of $34.75, based on its most recent annual SEC filing.
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