MSA Safety logo

MSA Safety(MSA)

upturn advisory logo
EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$182.26
10/23/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for MSA

10/23/2026: MSA (1-star) is currently NOT-A-BUY. Pass it for now.

MSA Safety is a premier manufacturer of high-quality protective equipment and gas detection systems, serving mission-critical needs in fire service, energy, and construction. The company has a leading position in the fire-safety market and benefits from strong recurring demand driven by safety regulations. Its main growth story involves transforming from a hardware provider into a 'connected safety' business that utilizes IoT and software. Risks include cyclical exposure to energy capital spending, intense competition from larger conglomerates, and execution challenges in the software shift. With a history as a Dividend Aristocrat, MSA often appeals to income-focused investors looking for stability in the industrial sector.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is steady and reliable but generally follows long-term industrial cycles rather than rapid, high-growth tech expansion.
Momentum investorMixed fitMomentum fit is conditional on broader industrial market uptrends and positive breakouts in the stock price.
Value investorStrong fitMSA often trades at valuations that provide decent entry points for investors seeking high-quality industrial compounders.
Dividend investorStrong fitA long-standing track record as a Dividend Aristocrat makes this an attractive option for income-focused portfolios.
Low-risk investorStrong fitThe company’s focus on essential safety products provides a level of defensive stability against broader economic swings.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumAs an industrial stock, it can fluctuate with economic cycles, though it remains less volatile than pure growth sectors.
Valuation riskMediumHigh-quality industrial stocks can sometimes reach premium valuations that limit short-term upside.
Competition risk (Industrial Conglomerates)Medium / highLarge diversified companies have the scale to bundle safety products, creating pricing pressure.
Business qualityStrongThe company’s reputation and deep integration into mission-critical safety programs provide a strong competitive moat.
Dividend incomeLowThe dividend is stable and well-supported, representing a low risk for income-oriented investors.
Execution riskMediumSuccessfully shifting from hardware-centric to software-enabled 'connected safety' involves significant R&D and integration execution.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 8.18%
Avg. Invested days 39
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/23/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
MSA receives a 4-star rating, supported by solid unit economics, solid company fundamentals, and solid quantitative characteristics. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
MSA has solid overall fundamentals (4 stars), with solid financial health, moderate growth momentum, and strong ownership. In FY2025 versus FY2024, strong cash generation (FCF margin 15.8%) and solid profitability (net margin 14.9%) are partially offset by slightly negative earnings growth (-2.1%), moderate revenue growth (+3.7%).

Financial Health Rating

★★★★★
MSA's financial health is supported by solid cash strength, including free-cash-flow generation (15.8% of revenue). Profitability is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is MSA's strongest growth driver at +22.0% FY2025 versus FY2024 (solid, 4 stars). By comparison, while earnings growth (-2.1%, slightly negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 95.6% and approximately 93.9% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 6.06% supports management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 8.64%
Vanguard Portfolio Management, LLC 4.74%
Ruane, Cunniff & Goldfarb L.P. 4.46%
Vanguard Capital Management, LLC 4.43%
State Street Corp 4.22%

Unit Economics (Per $1K Revenue)

★★★★★
MSA generates approximately $465 of gross profit, $214 of operating income, and $158 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Solid margins and solid cash conversion support the rating, although capital efficiency remains solid.

Economic Dimensions

★★★★★
Effective Tax Rate: 23.87%

Quantitative Style Profile

★★★★★
MSA has a high-quality, liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltSmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 7.03B USD
Price to earnings Ratio 22.53
1Y Target Price 208.17
Price to earnings Ratio 22.53
1Y Target Price 208.17
Volume (30-day avg) 241.6K shares
Beta 0.91
52 Weeks Range 149.32 - 207.14
Updated Date 10/23/2026
52 Weeks Range 149.32 - 207.14
Updated Date 10/23/2026
Dividends yield (FY) 1.15%
Basic EPS (TTM) 8.09

How Company Makes Money

Business areaWhat it includesRetail investor read
Protection ProductsSCBAs, helmets, fall protection, and fire protective gear.The company generates reliable revenue from essential safety gear that fire departments and construction firms must purchase.
Detection ProductsPortable gas monitors and fixed flame/gas sensing systems.High-margin repeat sales from sensors and monitoring software used in industrial facilities and energy plants.
Geography (International)Revenue generated outside of the US, particularly in Europe and Latin America.Global diversification helps insulate the company from regional economic slowdowns.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Advertisement

Valuation

Trailing PE 22.53
Forward PE 19.61
Enterprise Value 7.35B
Price to Sales(TTM) 3.61
Enterprise Value 7.35B
Price to Sales(TTM) 3.61
Enterprise Value to Revenue 3.78
Enterprise Value to EBITDA 14.2
Shares Outstanding 38.58M
Shares Floating 36.21M
Shares Outstanding 38.58M
Shares Floating 36.21M
Percent Insiders 6.06
Percent Institutions 95.58

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.