Msa Safety Inc. (MNESP) intrinsic value & 10-year financials
Msa Safety Inc. (MNESP) has a Graham intrinsic value of $207.24 per share. Over the last 10 fiscal years revenue grew 5.6% a year to $1.9B, with an average return on invested capital of 11.9%.
- Graham intrinsic value
- $207.24
- Revenue (FY2025)
- $1.9B
- Revenue growth (10-yr CAGR)
- 5.6%
- ROIC (10-yr avg)
- 11.9%
- Free cash flow (FY2025)
- $295.4M
MNESP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.9B | $278.9M | $7.09 | $295.4M | 19.8% | 16.8% |
| FY2024 | $1.8B | $285.0M | $7.21 | $242.2M | 21.5% | 19.7% |
| FY2023 | $1.8B | $58.6M | $1.48 | $50.1M | 12.9% | 8.2% |
| FY2022 | $1.5B | $179.6M | $4.56 | $114.9M | 15.7% | 13.3% |
| FY2021 | $1.4B | $21.3M | $0.54 | $155.3M | 1.6% | 1.8% |
| FY2020 | $1.3B | $120.1M | $3.15 | $157.7M | 12.4% | 12.6% |
| FY2019 | $1.4B | $136.4M | $3.52 | $128.4M | 13.3% | 15.3% |
| FY2018 | $1.4B | $124.2M | $3.18 | $229.9M | 12.8% | 14.9% |
| FY2017 | $1.2B | $26.0M | $0.67 | $206.6M | 3.6% | 4.4% |
| FY2016 | $1.1B | $91.9M | $2.42 | $109.4M | 14.3% | 12.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
MSA Safety Inc has demonstrated mature, steady growth, with revenue compounding at 5.6% annually over the past decade.
MSA Safety Inc returns on capital have been average, hovering around 11.9% ROIC over the decade.
Over the decade, MSA Safety Inc shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, MSA Safety Inc is modeled at 12.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $207.24 per share.