MSA Safety Incorporated
Financial ratios & Valuation

Forward Multiples (2025 – 2025)

2025
Price/Earnings ratio
21.65
Price/Sales ratio
3.45
Earnings per Share (EPS)
$7.91

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
22.2722.8928.24113.1729.1235.7946.81277.1131.49113.2724.0635.79
Price/Sales ratio
1.731.432.252.462.663.484.304.223.703.713.642.66
Price/Book Value ratio
3.663.134.624.885.656.667.177.086.126.866.005.65
Price/Cash Flow ratio
18.4229.3319.2512.7813.5529.6028.1229.6935.9271.4618.9313.55
Price/Free Cash Flow ratio
26.8485.2623.7414.2515.7238.0536.8439.4149.83132.4722.2115.72
Price/Earnings Growth ratio
N/A-1.130.95-1.560.074.14-4.99-3.330.04-1.672.600.07
Dividend Yield
2.31%2.92%1.88%1.78%1.58%1.30%1.14%1.15%1.26%1.10%1.19%1.30%
Profitability Indicator Ratios
Gross Profit Margin
45.44%44.31%45.55%45.15%45.05%45.40%43.79%43.94%44.10%47.66%48.03%45.05%
Operating Profit Margin
12.72%12.13%14.84%5.52%12.77%13.28%12.37%3.64%15.65%12.93%22.13%12.77%
Pretax Profit Margin
11.21%9.81%13.21%2.48%11.95%13.10%12.09%1.68%15.61%11.56%19.81%11.95%
Net Profit Margin
7.80%6.26%7.99%2.17%9.14%9.73%9.20%1.52%11.75%3.27%15.15%9.14%
Effective Tax Rate
32.26%39.99%38.05%9.46%22.92%25.08%25.71%7.69%24.69%71.65%23.50%22.92%
Return on Assets
6.99%4.96%6.79%1.54%7.72%7.84%6.62%0.89%7.55%2.69%12.19%7.72%
Return On Equity
16.43%13.70%16.38%4.31%19.41%18.62%15.32%2.55%19.44%6.05%26.73%19.41%
Return on Capital Employed
14.00%11.69%15.06%4.73%13.08%12.73%10.68%2.46%11.77%12.59%20.71%13.08%
Liquidity Ratios
Current Ratio
2.122.002.132.152.322.492.42N/AN/AN/A2.672.32
Quick Ratio
1.601.501.661.611.771.831.791.541.561.481.561.83
Cash ratio
0.450.420.510.460.490.540.510.420.470.440.490.54
Days of Sales Outstanding
68.0675.1668.4879.7666.8067.3669.3267.2872.3760.1656.1267.36
Days of Inventory outstanding
72.5572.9460.1085.4876.5988.2395.28130.50144.57114.16136.9876.59
Operating Cycle
140.61148.11128.59165.24143.40155.60164.61197.78216.94174.33193.10143.40
Days of Payables Outstanding
41.4339.5336.5848.4138.3342.5041.8349.6548.0843.6449.8538.33
Cash Conversion Cycle
99.18108.5792.00116.83105.07113.10122.77148.12168.85130.68143.25105.07
Debt Ratios
Debt Ratio
0.190.320.280.280.220.220.180.240.240.270.240.22
Debt Equity Ratio
0.460.890.690.780.560.530.430.710.620.620.500.53
Long-term Debt to Capitalization
0.310.460.390.420.340.330.290.410.370.370.320.33
Total Debt to Capitalization
0.310.470.410.440.360.340.300.410.380.380.330.34
Interest Coverage Ratio
14.6412.6410.394.3010.0116.1821.50N/AN/AN/A10.2010.01
Cash Flow to Debt Ratio
0.420.110.340.480.730.420.580.330.270.150.620.62
Company Equity Multiplier
2.342.752.412.792.512.372.312.872.572.242.042.37
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.090.040.110.190.190.110.150.140.100.050.190.19
Free Cash Flow / Operating Cash Flow Ratio
0.680.340.810.890.860.770.760.750.720.530.850.85
Cash Flow Coverage Ratio
0.420.110.340.480.730.420.580.330.270.150.620.62
Short Term Coverage Ratio
15.978.305.058.6313.298.2410.32N/A21.313.5012.908.24
Dividend Payout Ratio
51.50%66.91%53.37%201.85%46.11%46.55%53.65%321.39%39.80%125.44%28.21%46.55%