MSAMSA Safety Incorporated

$182.44+12% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 71 out of 100, Above average
Today's price. Only valuation depends on it.

Above average. MSA Safety Incorporated scores higher than 79% of the 2,231 companies Ryufin scores.

Carried by valuation and return on new capital, held back by cycle position.

Industrials median 61 · all companies 55

How the score has moved

At each fiscal year end, from the reports and price of the time
58
37
54
53
67
71
71
202020212022202320242025today

The biggest move was down 21 points from 2020 to 2021, mostly valuation.

Valuation

26% of the score

75median 53

MSA Safety Incorporated is valued at 16.5x its operating profit before acquisition amortisation (EBITA), including debt: an ordinary multiple.

60x
50x
35x
25x
18x
12x
8x
16.5x
Full points at 8x or less, none from 60xfull points

Return on capital

18% of the score

56median 24

Over 7 years the business earned 10% a year after tax on the capital it uses.

2%
8%
15%
25%
10%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 15%

Return on new capital

16% of the score

100median 33

For every dollar of operating profit earned over 6 years, yearly profit grew by 23 cents. New capital earned 87%, and 27% of profit went back into the business.

-5%
12%
23%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score

74median 63

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countFlat over 5 years
62
5%
-3%
0%
0 pointsfull points
Assets against salesAssets grew 5.9% a year, sales 6.8%
92
12%
-2%
-0.9%
0 pointsfull points

Cycle position

12% of the score

23median 63

Today's operating margin of 21% is 1.54x its normal 14%: near a peak, where margins tend to fall back. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
1.5x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 21%

Balance sheet

8% of the score

96median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDA0.8x a year of EBITDA
92
4.5x
0.5x
0.8x
0 pointsfull points
Interest coverOperating profit covers interest 13x
100
1.5x
12x
12.7x
0 pointsfull points

Earnings quality

6% of the score

80median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 1.21x profit over 3 years
88
0.7x
1x
1.3x
1.2x
0 pointsfull points
AccrualsCash ran ahead of profit by 3.6% of assets
78
8%
0%
-8%
-3.6%
0 pointsfull points
Beneish M-score-2.50
74
-1.50
-1.78
-2.22
-3.00
-2.50
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.