Brady Corporation (BRC) vs MSA Safety Incorporporated (MSA)

Brady Corporation and MSA Safety Incorporporated are both Security & Protection Services companies. MSA Safety Incorporporated is the larger, with a market value of $7.0B against $3.9B — 1.8× the size. Brady Corporation trades at the lower P/E: 19.3× against 22.6×. Brady Corporation grew revenue faster over the last twelve months: 9.78% against 6.48%. MSA Safety Incorporporated has the higher net margin (16.1% vs 12.4%) and the higher return on invested capital (14.4% vs 13.9%). Both pay a dividend; Brady Corporation yields more (1.53% vs 1.07%). Across the 23 metrics below, Brady Corporation leads on 13 and MSA Safety Incorporporated on 10.

Valuation

Metric BRC MSA Security & Protection Services median
P/E 19.31 22.64 21.88
P/S 2.39 3.62 1.21
P/B 2.93 5.04 2.21
Price to free cash flow 20.62 19.89 20.62
EV/EBITDA 12.37 15.24 12.37
EV/Sales 2.30 3.82 1.86
Earnings yield 5.18% 4.42% 3.67%
Free cash flow yield 4.85% 5.03% 1.13%

Profitability

Metric BRC MSA Security & Protection Services median
Gross margin 51.75% 47.57% 41.45%
Operating margin 15.86% 21.23% 8.06%
Net margin 12.36% 16.13% 3.72%
Free cash flow margin 11.59% 18.21% 1.45%
Return on equity 16.11% 23.72% 9.87%
Return on assets 11.45% 12.19% 2.54%
Return on invested capital 13.89% 14.40% 3.11%

Growth

Metric BRC MSA Security & Protection Services median
Revenue growth (TTM) 9.78% 6.48% 5.96%
EPS growth (last fiscal year) 9.14% (1.66%) —
Revenue growth, 5-year CAGR 7.74% 6.82% 7.35%
Net income growth, 5-year CAGR 9.64% 17.60% 0.00%

Health

Metric BRC MSA Security & Protection Services median
Debt to equity 0.01 0.42 0.20
Current ratio 1.94 3.24 1.93
Net debt to EBITDA (0.56) 0.92 1.55

Dividend

Metric BRC MSA Security & Protection Services median
Dividend yield 1.53% 1.07% 1.53%
Payout ratio 0.26 5.61 0.00

Size

Metric BRC MSA Security & Protection Services median
Market cap 3.88b 7.03b 395.79m

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