MSA Safety MSA
United StatesIndustrials · Security & Protection ServicesUSD
209.14 USD (+16.7%)
7 analysts
Trading 2120.30 €Open account ↗
Lightyear0.90 €Open account ↗
N260.90 €Open account ↗
XTB1.00 €★ featured · affiliateOpen account ↗Trading 2120.30 €Open account ↗Lightyear0.90 €Open account ↗XTB1.00 €★ featured · affiliateOpen account ↗200.00 € order · cheapest cheapest available in your country iCompare all 22 brokers →What does it do?
MSA Safety Incorporated designs and manufactures industrial safety equipment and personal protective equipment—including respirators, gas detectors, helmets, and fall protection systems—for industrial, fire service, and military customers worldwide.
Key points
from its scores- ✓Very solid balance sheet7.9
- ✓High-quality business7.7
- ✓Strong growth7.2
- !Modest dividend5.3
- !Weak share-price trend5.4
AI analysis
bottom line, main risk, context and newsIt is a superior quality company with an impeccable balance sheet, but the current valuation does not offer enough margin of safety for an aggressive buy.
MSA Safety combines a very solid balance sheet (ND/EBITDA of 0.86, current ratio of 3.24) with excellent profitability (ROE 23.66%, ROIC 23.46%) and 40.3% earnings growth, although its valuation (P/E 22.3, EV/EBITDA 14.2) already discounts that quality and its dividend is modest (net yield 1.20%).
The main risk is concentration in the industrial safety sector, whose spending depends on clients' investment cycles and workplace safety regulation, along with a free cash flow conversion (61%) that limits cash generation relative to its accounting profitability.
Context and risks
MSA Safety has no material exposure to current macro factors. Its defensive industrial safety and personal protection equipment business, with low debt (ND/EBITDA of 0.86) and stable margins, is only marginally affected by the rise in long-term US rates. There is no relevant exposure to commodities, shipping routes, or direct geopolitical risk.
Is MSA Safety stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Industrials median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 22.3 | 25.4 | −12% |
| EV / EBITDA | 14.2 | 14.5 | −2% |
| Price / book | 5.0 | 4.1 | +22% |
| Price / sales | 3.6 | 2.1 | +73% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.5 out of 10 (median for Industrials: 5.0).
Average analyst target: 209.14 USD, +16.7% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 22.3
- Forward P/E
- 18.0
- EV / EBITDA
- 14.2
- Price / book
- 5.0
- Price / sales
- 3.6
- PEG
- 0.99
- Market cap
- 6.9B USD
- Enterprise value
- 7.4B USD
Profitability
- ROE
- 23.7%
- ROA
- 11.1%
- ROIC (approx.)
- 23.5%
- Gross margin
- 47.6%
- Operating margin
- 24.6%
- Net margin
- 16.1%
- Free cash flow
- 316.5M USD
- FCF yield
- 4.6%
- Cash conversion
- 61%
Solvency
- Total debt
- 643.5M USD
- Net debt
- 443.5M USD
- Cash
- 200.1M USD
- EBITDA
- 518.6M USD
- Net debt / EBITDA
- 0.86
- Debt / equity
- 45.91
- Current ratio
- 3.24
- Quick ratio
- 1.90
Growth
- Revenue growth
- +6.2%
- Earnings growth
- +40.3%
- EPS (TTM)
- 8.04 USD
- EPS (forward)
- 9.97 USD
Dividend
- Dividend yield
- 1.2%
- Payout
- 26.5%
Risk and market
- Beta
- 0.91
- Analyst consensus
- none (7)
- Target price
- 209.14 USD
- 52-week range
- 151.11 – 208.92
Recent news
All MSA news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about MSA Safety
Is MSA Safety stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Industrials median (within 15%). Valuation score: 5.5 out of 10 (median for Industrials: 5.0). Average analyst target: 209.14 USD, +16.7% versus the price. This is not investment advice.
What score does MSA Safety get on MeridIAn Screener?
It scores 6.7 out of 10, rank 395 of 2,130 (better than 80% of the companies analysed). Its strongest category is Financial health (7.9) and its weakest, Dividend (5.3). Analysis of 08/10/2026.
What is MSA Safety's P/E ratio?
Its P/E is 22.3: the share price equals 22.3 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 18.0.
How much is MSA Safety worth on the stock market?
Its market capitalisation is 6.9B USD and its enterprise value, debt included, is 7.4B USD.
How much debt does MSA Safety have?
Its net debt (debt minus cash) is 443.5M USD. That is 0.86 times its EBITDA; the Industrials median is 1.58.
Does MSA Safety pay a dividend?
Yes: its dividend yield is 1.20% and it pays out 26% of its earnings.
How has MSA Safety stock performed over the last year?
It has risen 6.4% over the last year, excluding dividends. Over the last 52 weeks it has traded between 151.11 and 208.92 USD. Past performance does not guarantee future results.
What do analysts think of MSA Safety?
7 analysts cover it; their average recommendation is “none” and their average target is 209.14 USD (+16.7% versus the price). It is an estimate, not market data.