MSA Safety Incorporated logo MSA - MSA Safety Incorporated

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 7
HOLD 4
SELL 0
STRONG
SELL
0
| PRICE TARGET: $222.33 DETAILS
HIGH: $235.00
LOW: $197.00
MEDIAN: $235.00
CONSENSUS: $222.33
UPSIDE: 32.47%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 50% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Fair Value Mild
Trading 0.3% below fair value
Current Price $167.83
Bear Case $119.05 29.1% downside ($119.05 - $167.83) / $167.83 = -29.1% 6% stage 1 growth, 11% discount
Fair Value $168.32 0.3% upside ($168.32 - $167.83) / $167.83 = 0.3% 11% stage 1 growth, 11% discount
Bull Case $217.55 29.6% upside ($217.55 - $167.83) / $167.83 = 29.6% 14% stage 1 growth, 11% discount

Adjust Assumptions

10.7%
11.0%
3.0%

Key Value Driver

FCF growth rate (11% base case)

Terminal Value % of EV 39%
Implied Market Multiple 24.4x
Market is pricing in (growth) 11.7% vs our 10.7% base

Plain-Language Summary

Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $222.33 from 11 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $168.32 per share.

Warnings

Wall Street's average price target is $222.33 (from 11 analysts). Our estimate is 30% below the consensus -- consider that gap carefully.

Key Risks

  • P/E alone misleads — earnings depressed by growth investment
  • Cyclical or commodity businesses may be misclassified as platforms
  • Terminal value dominance suggests sensitivity to long-run assumptions