MSA SAFETY INCORPORATED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 188.8 USD | +0.04% |
|
+1.83% | +11.82% |
| Apr. 25 | MSA Safety Welcomes Larry De Maria Executive Director, Investor Relations | CI |
| Apr. 17 | MSA Safety, Inc Debuts Lighter Weight Fire Helmet | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,895 | 5,819 | 5,919 | 5,652 | 6,637 | 7,423 | - |
| Enterprise Value (EV) 1 | 5,091 | 5,819 | 5,919 | 5,652 | 6,637 | 7,423 | 7,423 |
| P/E ratio | 36.3 x | 49 x | 280 x | 31.6 x | 114 x | 26.2 x | 24 x |
| Yield | 1.3% | 1.14% | - | 1.26% | - | 1% | 1.03% |
| Capitalization / Revenue | 3.49 x | 4.32 x | 4.23 x | 3.7 x | 3.71 x | 3.96 x | 3.77 x |
| EV / Revenue | 3.49 x | 4.32 x | 4.23 x | 3.7 x | 3.71 x | 3.96 x | 3.77 x |
| EV / EBITDA | 16.9 x | 20.6 x | 20.7 x | 16.7 x | 14.8 x | 15.3 x | 14.3 x |
| EV / FCF | 38.1 x | 36.9 x | 38.1 x | 49.2 x | 132 x | 31.4 x | 28.7 x |
| FCF Yield | 2.62% | 2.71% | 2.62% | 2.03% | 0.75% | 3.18% | 3.48% |
| Price to Book | 6.76 x | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 38,738 | 38,953 | 39,207 | 39,198 | 39,311 | 39,319 | - |
| Reference price 2 | 126.4 | 149.4 | 151.0 | 144.2 | 168.8 | 188.8 | 188.8 |
| Announcement Date | 2/19/20 | 2/18/21 | 2/18/22 | 2/15/23 | 2/14/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,402 | 1,348 | 1,400 | 1,528 | 1,788 | 1,876 | 1,969 |
| EBITDA 1 | 288.9 | 283 | 286 | 337.5 | 449.2 | 485.9 | 520.3 |
| EBIT 1 | 250.9 | 243.3 | 240.6 | 290.4 | 397.7 | 425 | 457.7 |
| Operating Margin | 17.9% | 18.05% | 17.18% | 19% | 22.25% | 22.65% | 23.24% |
| Earnings before Tax (EBT) 1 | 183.7 | 163.1 | 23.6 | 238.5 | 206.7 | 380.3 | 415.6 |
| Net income 1 | 136.4 | 120.1 | 21.34 | 179.6 | 58.58 | 285.2 | 311.7 |
| Net margin | 9.73% | 8.91% | 1.52% | 11.76% | 3.28% | 15.2% | 15.83% |
| EPS 2 | 3.480 | 3.050 | 0.5400 | 4.560 | 1.480 | 7.210 | 7.880 |
| Free Cash Flow 1 | 128.4 | 157.6 | 155.3 | 114.9 | 50.09 | 236.3 | 258.4 |
| FCF margin | 9.16% | 11.69% | 11.09% | 7.52% | 2.8% | 12.6% | 13.12% |
| FCF Conversion (EBITDA) | 44.43% | 55.71% | 54.3% | 34.05% | 11.15% | 48.64% | 49.66% |
| FCF Conversion (Net income) | 94.08% | 131.26% | 727.78% | 63.97% | 85.51% | 82.87% | 82.88% |
| Dividend per Share 2 | 1.640 | 1.710 | - | 1.820 | - | 1.880 | 1.940 |
| Announcement Date | 2/19/20 | 2/18/21 | 2/18/22 | 2/15/23 | 2/14/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 340.2 | 410.3 | 330.7 | 372.3 | 381.7 | 443.3 | 398.3 | 447.3 | 446.7 | 495.4 | 428.8 | 466.8 | 467.7 | 512.9 | 444.4 |
| EBITDA 1 | 62.78 | 91.65 | 65.67 | 77.22 | 86.64 | 108 | 89.65 | 116.4 | 114.5 | 128.8 | 99.7 | 123.3 | 126.5 | 139.3 | 108.1 |
| EBIT 1 | 50.95 | 79.95 | 53.84 | 65.61 | 75.12 | 95.8 | 77.38 | 103.8 | 101.3 | 115.3 | 87.17 | 110 | 108.4 | 119.4 | 91.5 |
| Operating Margin | 14.98% | 19.49% | 16.28% | 17.62% | 19.68% | 21.61% | 19.43% | 23.2% | 22.68% | 23.27% | 20.33% | 23.57% | 23.17% | 23.29% | 20.59% |
| Earnings before Tax (EBT) 1 | 27.46 | -88.94 | 45.39 | 63.38 | 60.71 | 69.05 | -67.74 | 87.48 | 87.66 | 99.28 | 71.8 | 95.3 | 100.3 | 112.9 | 79.5 |
| Net income 1 | 18.82 | -61.48 | 35.54 | 47.69 | 44.91 | 51.49 | -150.2 | 67.09 | 65.26 | 76.41 | 53.9 | 71.5 | 75.2 | 84.7 | 59.7 |
| Net margin | 5.53% | -14.98% | 10.75% | 12.81% | 11.76% | 11.62% | -37.71% | 15% | 14.61% | 15.43% | 12.57% | 15.32% | 16.08% | 16.51% | 13.43% |
| EPS 2 | 0.4800 | -1.570 | 0.9000 | 1.210 | 1.140 | 1.310 | -3.830 | 1.700 | 1.650 | 1.930 | 1.360 | 1.810 | 1.900 | 2.140 | 1.510 |
| Dividend per Share 2 | 0.4400 | - | - | - | - | 0.4600 | 0.4600 | 0.4700 | - | - | 0.4700 | 0.4700 | 0.4700 | 0.4700 | 0.4800 |
| Announcement Date | 10/27/21 | 2/18/22 | 4/28/22 | 7/27/22 | 10/26/22 | 2/15/23 | 5/1/23 | 7/31/23 | 10/24/23 | 2/14/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | 196 | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.6791 x | - | - | - | - | - | - |
| Free Cash Flow 1 | 128 | 158 | 155 | 115 | 50.1 | 236 | 258 |
| ROE (net income / shareholders' equity) | 27.6% | 15.6% | - | - | - | - | - |
| ROA (Net income/ Total Assets) | 11.2% | 6.65% | - | - | - | - | - |
| Assets 1 | 1,215 | 1,806 | - | - | - | - | - |
| Book Value Per Share | 18.70 | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 36.6 | 48.9 | 43.8 | 42.6 | 42.8 | 42.6 | 42.6 |
| Capex / Sales | 2.61% | 3.63% | 3.13% | 2.78% | 2.39% | 2.27% | 2.16% |
| Announcement Date | 2/19/20 | 2/18/21 | 2/18/22 | 2/15/23 | 2/14/24 | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
188.8
USD
Average target price
191
USD
Spread / Average Target
+1.18%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +11.82% | 7.42B | |
| +1.41% | 2.88B | |
| +1.60% | 2.01B | |
| +7.89% | 1.41B | |
| -10.72% | 1.38B | |
| -20.56% | 462M | |
| +0.44% | 432M | |
| -12.72% | 385M | |
| -0.79% | 173M | |
| -4.11% | 150M |
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- Financials MSA Safety Incorporated
