MSA - Project Awards Continue To Back MSA Safety But Valuation Could Be A Drag
2024-04-02 17:29:14 ET
Summary
- MSA Safety has targeted growth through product redesign and new product development, gaining contracts from various government departments.
- The company's book-to-bill ratio fell below 1x, indicating a lack of future revenue visibility.
- MSA's stock remains relatively overvalued, but positive value drivers in the medium-to-long term warrant a "hold" rating.
MSA Can Move Sideways For Now
I last discussed MSA Safety Incorporated ( MSA ) on January 3, and you can read the latest article here . In recent times, it has targeted growth through product redesign and new product development. This helped it gain contracts from various US government departments, US Navy, and UK government contracts. The company's MSA Business System has lowered costs by converting past-due backlog and sustainably reducing inventories....
Project Awards Continue To Back MSA Safety, But Valuation Could Be A Drag