A Business at a Glance
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MESABI TRUST
MSB
$295M
Mkt Cap
$22.50
-1.19%
MESABI TRUST (MSB) has a current P/E ratio of 3.2, compared to its historical median P/E of 5.1. The stock is currently considered Fair based on its historical valuation range.
MESABI TRUST (MSB) has a 5-year average return on invested capital (ROIC) of 102.6%. This indicates strong capital allocation and a potential competitive advantage.
MESABI TRUST (MSB) has a market capitalization of $295M. It is classified as a small-cap stock.
Yes, MESABI TRUST (MSB) pays a dividend with a trailing twelve-month yield of 31.20%.
Based on historical P/E analysis, MESABI TRUST (MSB) appears fair. The current P/E of 3.2 is 38% below its historical median of 5.1. The estimated fair value CAGR (P/E method) is 4.0%.
MESABI TRUST (MSB) operates in the Mineral Royalty Traders industry, within the Financials sector.
MESABI TRUST (MSB) reported annual revenue of $99 million in its most recent fiscal year, based on SEC EDGAR filings.
(a) General Development of Business. The information under the headings “Trustees’ Discussion and Analysis of Financial Condition and Results of Operations,” “The Trust Estate,” “Leasehold Royalties,” and “Land Trust and Fee Royalties” in the Annual Report of the Trustees of Mesabi Trust for the fiscal year ended January 31, 2025, filed as Exhibit 13 to this Form 10-K (the “Annual Report”) is incorporated herein by reference. (b) Financial Information About Segments. Substantially all of the revenue, operating profits and assets of Mesabi Trust (“Mesabi Trust” or the “Trust”) relate to one business segment—iron ore mining. (c) Narrative Description of Business.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 21M | 99M | 23M | 7.7M | 71M | 26M |
| Net Income | 17M | 93M | 19M | 5.3M | 69M | 23M |
| EPS | $1.31 | $7.11 | $1.45 | $0.41 | $5.24 | $1.78 |
| Free Cash Flow | 0 | 94M | 15M | 14M | 63M | 21M |
| ROIC | 0.0% | - | 117.1% | 25.1% | - | 165.4% |
| Gross Margin | - | 94.6% | 83.0% | 68.6% | 96.2% | 90.2% |
| Debt/Equity | 0.00 | 3.36 | 0.27 | 0.23 | 0.75 | 0.39 |
| Dividends/Share | $7.02 | $1.35 | $0.35 | $3.63 | $2.86 | $1.67 |
| Operating Income | 0 | - | - | - | - | - |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | 81.6% | 421.1% | 117.1% | 25.1% | 290.9% | 165.4% |
| Shares Outstanding | 13M | 13M | 13M | 13M | 13M | 13M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 22M | 26M | 9.7M | 11M | 34M | 47M | 32M | 26M | 71M | 7.7M | 23M | 99M | 21M |
| Gross Margin | N/A | N/A | N/A | 89.7% | 96.9% | 96.3% | 94.0% | 90.2% | 96.2% | 68.6% | 83.0% | 94.6% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | 1.3M | 1.2M | 1.1M | 1.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Net Income | 21M | 25M | 8.6M | 9.8M | 33M | 46M | 30M | 23M | 69M | 5.3M | 19M | 93M | 17M |
| Net Margin | 95.5% | 95.0% | 88.0% | 89.7% | 96.9% | 96.3% | 94.0% | 90.2% | 96.2% | 68.6% | 83.0% | 94.6% | 82.8% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | N/A | N/A | N/A | 95.7% | N/A | N/A | N/A | 165.4% | N/A | 25.1% | 117.1% | N/A | 0.0% |
| ROE | 2139.7% | 1537.3% | 95.2% | 95.7% | 315.1% | 271.1% | 209.9% | 165.4% | 290.9% | 25.1% | 117.1% | 421.1% | 81.6% |
| ROA | 260.0% | 265.6% | 86.0% | 81.1% | 165.2% | 147.7% | 101.7% | 100.5% | 179.0% | 15.6% | 93.0% | 145.3% | 66.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 21M | 24M | 8.2M | 13M | 30M | 45M | 35M | 21M | 63M | 14M | 15M | 94M | 19M |
| Free Cash Flow | 21M | 24M | 8.2M | 13M | 30M | 45M | 35M | 21M | 63M | 14M | 15M | 94M | 0 |
| Owner Earnings | 21M | 24M | 8.2M | 13M | 30M | 45M | 35M | 21M | 63M | 14M | 15M | 94M | 19M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 23M | 8.9M | 7.2M | 20M | 37M | 44M | 22M | 38M | 48M | 4.6M | 18M | 92M |
| Dividend Yield | N/A | 26.8% | 15.7% | 15.6% | 19.8% | 23.1% | 24.7% | 14.7% | 14.9% | 21.3% | 2.3% | 8.4% | 31.2% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -23M |
| Cash & Equiv. | 7.7M | 8.7M | 2.6M | 14M | 315K | 882K | 10M | 13M | 48M | 14M | 24M | 100M | 23M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 7.69 | 5.27 | 0.09 | 0.40 | 1.47 | 1.11 | 1.00 | 0.39 | 0.75 | 0.23 | 0.27 | 3.36 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 984K | 1.6M | 9.0M | 10M | 11M | 17M | 12M | 16M | 31M | 11M | 21M | 23M | 21M |
| Total Assets | 8.6M | 10M | 9.8M | 14M | 26M | 35M | 24M | 23M | 54M | 14M | 27M | 102M | 26M |
| Total Liabilities | 7.6M | 8.5M | 828K | 4.0M | 16M | 19M | 12M | 6.5M | 23M | 2.7M | 5.7M | 78M | 4.9M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Working Capital | 8.0M | 9.8M | 9.2M | 14M | 26M | 35M | 24M | 23M | 54M | 14M | 26M | 101M | 101M |
| Current Assets | 8.0M | 9.8M | 9.4M | 14M | 26M | 35M | 24M | 23M | 54M | 14M | 27M | 102M | 102M |
| Current Liabilities | 91K | 90K | 172K | 108K | 134K | 412K | 121K | 417K | 158K | 381K | 861K | 337K | 337K |
| Per Share Data | |||||||||||||
| EPS | 1.61 | 1.89 | 0.65 | 0.74 | 2.55 | 3.47 | 2.29 | 1.78 | 5.24 | 0.41 | 1.45 | 7.11 | 1.31 |
| Owner EPS | 1.62 | 1.85 | 0.63 | 0.96 | 2.25 | 3.47 | 2.64 | 1.59 | 4.79 | 1.06 | 1.11 | 7.16 | 1.48 |
| Book Value | 0.08 | 0.12 | 0.68 | 0.78 | 0.81 | 1.28 | 0.90 | 1.26 | 2.35 | 0.87 | 1.60 | 1.78 | 1.61 |
| Cash Flow/Share | 1.62 | 1.85 | 0.63 | 0.96 | 2.25 | 3.47 | 2.64 | 1.59 | 4.79 | 1.06 | 1.11 | 7.16 | 1.31 |
| Dividends/Share | N/A | 1.77 | 0.68 | 0.55 | 1.49 | 2.79 | 3.36 | 1.67 | 2.86 | 3.63 | 0.35 | 1.35 | 7.02 |
| Shares Out. | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M | 13.1M |
| Valuation | |||||||||||||
| P/E Ratio | 4.4 | 3.3 | 2.3 | 7.5 | 5.0 | 3.8 | 5.2 | 8.6 | 4.0 | 42.9 | 10.4 | 3.9 | 17.2 |
| P/FCF | 4.4 | 3.4 | 2.4 | 5.8 | 5.6 | 3.8 | 4.5 | 9.7 | 4.4 | 16.4 | 13.5 | 3.8 | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 94.6 | 51.5 | 2.2 | 7.1 | 15.7 | 10.3 | 13.2 | 12.2 | 9.0 | 19.9 | 9.4 | 15.5 | 14.0 |
| Price/Sales | 4.0 | 3.3 | 5.9 | 4.3 | 2.9 | 3.4 | 5.6 | 5.7 | 3.5 | 28.9 | 8.8 | 2.1 | 14.2 |
| FCF Yield | 22.8% | 29.3% | 41.3% | 17.4% | 17.7% | 26.2% | 22.1% | 10.4% | 22.7% | 6.1% | 7.4% | 26.0% | N/A |
| Market Cap | 93M | 83M | 20M | 72M | 166M | 173M | 156M | 201M | 277M | 228M | 198M | 361M | 295M |
| Avg. Price | 6.71 | 6.60 | 4.34 | 3.53 | 7.52 | 12.09 | 13.58 | 11.32 | 19.19 | 17.03 | 15.26 | 16.06 | 22.50 |
| Year-End Price | 7.09 | 6.32 | 1.52 | 5.53 | 12.67 | 13.22 | 11.91 | 15.31 | 21.08 | 17.34 | 15.07 | 27.50 | 22.50 |
MESABI TRUST passes 5 of 9 quality checks, suggesting mixed fundamentals.
MESABI TRUST trades at 3.2x trailing earnings, compared to its 15-year median P/E of 5.1x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 3.1x vs a median of 5.1x. The company's 5-year average ROIC is 102.6% with a gross margin of 86.5%. Total shareholder yield (dividends) is 31.2%. At current prices, the estimated annualized return to fair value is +4.5%.
MESABI TRUST (MSB) has a net profit margin of 94.6%. This is a strong margin indicating high profitability.
MESABI TRUST (MSB) generated $94 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MESABI TRUST (MSB) has a debt-to-equity ratio of 3.36. This indicates higher leverage, which may increase financial risk.
MESABI TRUST (MSB) reported earnings per share (EPS) of $7.11 in its most recent fiscal year.
MESABI TRUST (MSB) has a return on equity (ROE) of 421.1%. This indicates the company generates strong returns for shareholders.
MESABI TRUST (MSB) has a 5-year average gross margin of 86.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for MESABI TRUST (MSB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MESABI TRUST (MSB) has a book value per share of $1.78, based on its most recent annual SEC filing.
No recent press releases.