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MSA Safety Incorporated develops, manufactures, and supplies safety products and software that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, heating, ventilation, air conditioning and refrigeration, utilities, military, and mining industries in North America, Latin America, and internationally. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air. Its core product offerings also comprise breathing apparatus products, such as self-contained breathing apparatus; hand-held portable gas detection instruments; industrial head protection products; firefighter helmets and protective apparel; and fall protection equipment, including confined space equipment, harnesses, lanyards, and self-retracting lifelines, as well as engineered systems. In addition, the company offers air-purifying respirators, eye and face protection products, ballistic helmets, and gas masks. It serves distributors and end-users through indirect and direct sales channels. The company offers its product under the V-Gard, Cairns, and Gallet brand names. MSA Safety Incorporated was founded in 1914 and is based in Cranberry Township, Pennsylvania.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
MSA Safety makes personal protective equipment and safety systems for industrial, fire-service and mining customers worldwide, including respiratory protection, gas detection and head protection. Drivers include regulatory-driven safety spending, recurring replacement and service revenue, and adoption of connected sensing. Established brands and global distribution appear to provide stable cash generation that may benefit investors seeking exposure to safety and compliance trends.
Key risks include cyclicality tied to industrial capital spending, competitive pressure and pricing, supply-chain and raw-material cost volatility, and product liability or regulatory changes.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 238.53M | 23.60M | 163.10M | 183.74M | 162.34M |
| Minority interest | 0.00M | 0.45M | 1.06M | -1.21M | -0.96M |
| Net income | 179.63M | 21.34M | 120.10M | 136.44M | 124.15M |
| Selling general administrative | 338.87M | 332.86M | 290.33M | 330.50M | 324.78M |
| Gross profit | 673.83M | 615.35M | 590.45M | 636.61M | 611.86M |
| Reconciled depreciation | 56.32M | 50.32M | 39.67M | 38.02M | 37.85M |
| Ebit | 239.14M | 51.01M | 166.85M | 186.23M | 198.29M |
| Ebitda | 334.73M | 101.33M | 248.17M | 269.00M | 236.14M |
| Depreciation and amortization | 95.59M | 50.32M | 81.32M | 82.77M | 37.85M |
| Non operating income net other | 21.06M | 11.58M | 5.68M | 11.09M | 7.74M |
| Operating income | 239.14M | 51.01M | 166.85M | 186.23M | 173.48M |
| Other operating expenses | 1250.01M | 1175.49M | 1106.38M | 1153.72M | 1169.05M |
| Interest expense | 21.66M | 10.76M | 9.43M | 13.59M | 18.88M |
| Tax provision | 58.90M | 1.82M | 41.94M | 46.09M | 37.22M |
| Interest income | 4.16M | 3.26M | 3.50M | 4.41M | 4.59M |
| Net interest income | -21.66M | -7.50M | -5.93M | -9.18M | -14.29M |
| Extraordinary items | - | - | - | - | 2.00M |
| Non recurring | 7.96M | 16.43M | 27.38M | 13.85M | 13.25M |
| Income tax expense | 58.90M | 1.82M | 41.94M | 46.09M | 37.22M |
| Total revenue | 1527.95M | 1400.18M | 1348.22M | 1401.98M | 1358.10M |
| Total operating expenses | 395.88M | 390.65M | 348.60M | 388.35M | 422.81M |
| Cost of revenue | 854.12M | 784.83M | 757.77M | 765.37M | 746.24M |
| Total other income expense net | -0.60M | -27.41M | -3.75M | -2.50M | -7.84M |
| Net income from continuing ops | 179.63M | 21.79M | 121.16M | 229.82M | 125.11M |
| Net income applicable to common shares | 179.63M | 21.34M | 120.10M | 136.44M | 124.15M |
| Preferred stock and other adjustments | - | - | -0.00M | -0.00M | -0.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 2376.98M | 2396.40M | 1872.48M | 1739.69M | 1608.01M |
| Intangible assets | 281.85M | 306.95M | 161.10M | 171.30M | 169.50M |
| Other current assets | 75.95M | 113.19M | 141.86M | 97.38M | 56.23M |
| Total liab | 1453.23M | 1562.01M | 1062.59M | 1007.12M | 968.49M |
| Total stockholder equity | 923.74M | 834.39M | 809.89M | 732.57M | 639.52M |
| Deferred long term liab | 31.88M | 33.34M | 10.92M | 9.79M | 7.16M |
| Other current liab | 225.95M | 223.83M | 203.69M | 168.39M | 183.63M |
| Common stock | 281.98M | 260.12M | 242.69M | 229.13M | 211.81M |
| Capital stock | 285.55M | 263.69M | 246.26M | 232.70M | 215.38M |
| Retained earnings | 1158.35M | 1050.21M | 1065.79M | 1012.27M | 935.58M |
| Other liab | 506.58M | 633.75M | 420.25M | 358.58M | 345.12M |
| Good will | 620.62M | 636.86M | 443.27M | 436.68M | 413.64M |
| Other assets | 167.13M | -0.05M | 324.26M | 0.03M | 0.01M |
| Cash | 162.90M | 140.90M | 160.67M | 152.19M | 140.09M |
| Cash and equivalents | 162.90M | 140.90M | 160.67M | 152.19M | 140.09M |
| Total current liabilities | 345.87M | 330.61M | 310.55M | 277.51M | 282.06M |
| Net debt | 409.93M | 456.76M | 191.12M | 238.83M | 221.28M |
| Short term debt | 7.39M | 0.00M | 20.00M | 20.00M | 20.06M |
| Short long term debt | 7.39M | - | 20.00M | 20.00M | 20.06M |
| Short long term debt total | 572.83M | 597.65M | 351.80M | 391.03M | 361.37M |
| Other stockholder equity | -361.44M | -330.38M | -319.76M | -298.39M | -292.51M |
| Property plant equipment | 207.55M | 207.79M | 189.62M | 167.04M | 157.94M |
| Total current assets | 880.13M | 792.80M | 756.43M | 693.36M | 656.62M |
| Net tangible assets | 17.70M | -109.42M | 194.01M | 114.23M | 47.16M |
| Short term investments | 9.90M | 48.97M | 74.98M | 49.89M | 55.11M |
| Net receivables | 302.96M | 258.10M | 256.08M | 258.76M | 248.59M |
| Long term debt | 565.45M | 597.65M | 287.16M | 328.39M | 341.31M |
| Inventory | 338.32M | 280.62M | 197.82M | 185.03M | 156.60M |
| Accounts payable | 112.53M | 106.78M | 86.85M | 89.12M | 78.37M |
| Noncontrolling interest in consolidated entity | - | - | 7.99M | 6.77M | 5.64M |
| Accumulated other comprehensive income | -158.72M | -149.14M | -182.40M | -214.00M | -218.93M |
| Common stock total equity | 281.98M | 260.12M | 242.69M | 229.13M | 211.81M |
| Preferred stock total equity | 3.57M | 3.57M | 3.57M | 3.57M | 3.57M |
| Retained earnings total equity | 1158.35M | 1050.21M | 1065.79M | 1012.27M | 935.58M |
| Treasury stock | -361.44M | -330.38M | -327.76M | -305.16M | -298.14M |
| Non currrent assets other | 361.33M | 122.47M | 200.70M | 207.37M | 209.36M |
| Deferred long term asset charges | - | - | - | 32.60M | 32.52M |
| Non current assets total | 1496.85M | 1603.59M | 1116.06M | 1046.33M | 951.39M |
| Capital lease obligations | 35.34M | 40.71M | 44.64M | 42.63M | - |
| Long term debt total | 565.45M | 597.65M | 287.16M | 328.39M | 341.31M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -4.48M | 26.09M | -24.32M | 5.42M | -55.02M |
| Change to liabilities | -1.79M | 0.82M | 13.54M | 5.80M | 17.98M |
| Total cashflows from investing activities | -4.48M | -415.47M | -72.77M | -64.16M | -84.39M |
| Net borrowings | -13.00M | 293.18M | -44.00M | -16.57M | -108.83M |
| Total cash from financing activities | -113.35M | 203.93M | -126.53M | -84.62M | -163.27M |
| Change to operating activities | 3.48M | -58.22M | 6.68M | -10.62M | 5.09M |
| Net income | 179.63M | 21.79M | 121.16M | 137.65M | 125.11M |
| Change in cash | 22.99M | -19.60M | 8.49M | 11.94M | 2.71M |
| Begin period cash flow | 141.44M | 161.03M | 152.54M | 140.26M | 137.38M |
| End period cash flow | 164.43M | 141.44M | 161.03M | 152.19M | 140.09M |
| Total cash from operating activities | 157.46M | 199.15M | 206.56M | 164.96M | 266.81M |
| Depreciation | 56.32M | 50.32M | 39.67M | 38.02M | 37.85M |
| Other cashflows from investing activities | -1.39M | -397.72M | 0.45M | -32.98M | 4.59M |
| Dividends paid | -71.50M | -68.59M | -66.58M | 63.52M | 57.25M |
| Change to inventory | -67.37M | -17.83M | -8.60M | -23.25M | -11.12M |
| Change to account receivables | -38.59M | 4.37M | 7.68M | 16.54M | -10.07M |
| Sale purchase of stock | -34.39M | -6.17M | -29.14M | -12.65M | -4.82M |
| Other cashflows from financing activities | 1015.54M | -20.66M | -15.95M | -4.54M | 1.59M |
| Change to netincome | 35.17M | 185.71M | 47.36M | 39.87M | 56.66M |
| Capital expenditures | 43.94M | 49.12M | 48.91M | 36.60M | 36.89M |
| Change receivables | -38.59M | 4.37M | 7.68M | -8.86M | -10.07M |
| Cash flows other operating | -5.91M | -23.34M | -14.25M | -24.27M | 47.47M |
| Exchange rate changes | - | -7.19M | 1.23M | -4.24M | -13.51M |
| Cash and cash equivalents changes | 39.62M | -19.60M | 8.49M | 11.94M | 2.71M |
| Change in working capital | -99.08M | -58.22M | 6.68M | -10.71M | 103.85M |
| Stock based compensation | 19.65M | 18.91M | 6.92M | 13.76M | 12.24M |
| Other non cash items | -4.23M | 205.21M | 35.44M | -15.03M | -8.17M |
| Free cash flow | 113.51M | 150.02M | 157.65M | 128.36M | 229.93M |
Sector: Industrials Industry: Security & Protection Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| MSA MSA Safety |
0.15 0.09% |
170.14 | 196.59 | - | 3.70 | 7.43 | 4.06 | 25.14 |
| ASAZY Assa Abloy AB |
-0.53 2.60% |
19.83 | 28.39 | 22.62 | 2.76 | 4.14 | 3.19 | 16.63 |
| ASAZF ASSA ABLOY AB (publ) |
- -% |
38.97 | 27.08 | 22.68 | 2.76 | 4.14 | 3.14 | 16.38 |
| SOMLF SECOM CO. LTD |
- -% |
44.06 | 23.76 | 14.37 | 0.01 | 2.00 | 1.64 | 7.85 |
| SOMLY Secom Co Ltd ADR |
-0.36 3.30% |
10.54 | 22.80 | 3.61 | 0.01 | 1.94 | 1.64 | 7.85 |
MSA Safety Incorporated develops, manufactures, and supplies safety products and software that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, heating, ventilation, air conditioning and refrigeration, utilities, military, and mining industries in North America, Latin America, and internationally. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air. Its core product offerings also comprise breathing apparatus products, such as self-contained breathing apparatus; hand-held portable gas detection instruments; industrial head protection products; firefighter helmets and protective apparel; and fall protection equipment, including confined space equipment, harnesses, lanyards, and self-retracting lifelines, as well as engineered systems. In addition, the company offers air-purifying respirators, eye and face protection products, ballistic helmets, and gas masks. It serves distributors and end-users through indirect and direct sales channels. The company offers its product under the V-Gard, Cairns, and Gallet brand names. MSA Safety Incorporated was founded in 1914 and is based in Cranberry Township, Pennsylvania.
1000 Cranberry Woods Drive, Cranberry Township, PA, United States, 16066-5207
724 776 8600
5000
| Name | Title | Year Born |
|---|---|---|
| Mr. Nishan J. Vartanian | Chairman, Pres & CEO | 1960 |
| Ms. Stephanie L. Sciullo | Sr. VP and Chief Legal Officer of Corp. Social Responsibility & Public Affairs | 1985 |
| Mr. Steven C. Blanco Sr. | Sr. VP & Pres of MSA Americas | 1967 |
| Mr. Bob Willem Leenen | Sr. VP & Pres of MSA International | 1974 |
| Mr. Lee B. McChesney | Sr. VP & CFO | 1972 |
| Mr. Markus H. Weber | Chief Information Officer & VP | 1965 |
| Ms. Elyse Lorenzato CPA | Director of Investor Relations | NA |
| Mr. David B. McArthur | VP of Global Marketing & Chief Customer Officer | NA |
| Mr. Chris Hepler | Exec. Director of Corp. Devel. | NA |
| Ms. Glennis A. Williams | VP & Chief HR Officer | 1977 |
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