Added to YB: 2026-03-05
Pitch date: 2026-03-03
MSA [neutral]
MSA Safety Incorporated
-0.99%
current return
Author Info
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Company Info
MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect workers and facility infrastructures worldwide.
Market Cap
$7.7B
Pitch Price
$194.65
Price Target
207.95 (+7%)
Dividend
1.07%
EV/EBITDA
16.01
P/E
27.95
EV/Sales
4.35
Sector
Commercial Services and Supplies
Category
value
MSA SAFETY INCORPORATED (NYSE: $MSA)
MSA (watchlist): Industrial safety leader (gas detectors, fire gear, PPE) mispriced as cyclical despite 46% recurring consumables/SaaS revenue. Regulatory moats + switching costs drive 46.5% gross margin, 106% FCF conversion, 20% ROIC. Mgmt targets $10-11 EPS by 2028 (24.5% op margin). Currently trades 24x P/E vs 16x sector avg. AFG grant delays hit Fire Service -21% Q4, but revenue likely shifts to 2026. Tariff/FX headwinds improving. Wait for pullback to $148-156 for 10-12% IRR vs 3% at $190. Bear case: -17.6% if multiple compresses to 16x on recession.
Read full article (17 min)