Mesabi Trust

NYSE:MSB Stock Report

Market Cap: US$337.3m

Mesabi Trust Valuation

Is MSB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MSB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MSB ($26.54) is trading above our estimate of fair value ($4.6)

Significantly Below Fair Value: MSB is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MSB?

Key metric: As MSB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MSB. This is calculated by dividing MSB's market cap by their current earnings.
What is MSB's PE Ratio?
PE Ratio19.7x
EarningsUS$17.66m
Market CapUS$337.32m

Price to Earnings Ratio vs Peers

How does MSB's PE Ratio compare to its peers?

The above table shows the PE ratio for MSB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average47.1x
ZEUS Olympic Steel
17.1x22.4%US$450.8m
MTUS Metallus
26.6x52.0%US$621.3m
RYI Ryerson Holding
36.7xn/aUS$776.8m
SRL Scully Royalty
107.8xn/aUS$104.9m
MSB Mesabi Trust
19.7xn/aUS$337.3m

Price-To-Earnings vs Peers: MSB is good value based on its Price-To-Earnings Ratio (19.7x) compared to the peer average (47.1x).

Price to Earnings Ratio vs Industry

How does MSB's PE Ratio compare vs other companies in the US Metals and Mining Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VITF.F Victoria Gold
2.1xn/aUS$23.43m
BMXI Brookmount Explorations
0.6xn/aUS$5.52m
RMRI Rocky Mountain Industrials
0.9xn/aUS$1.76m
ZCRM.F Zincore Metals
0.5xn/aUS$852.33k
MSB 19.7xIndustry Avg. 19.1xNo. of Companies5PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MSB is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the US Metals and Mining industry average (19.1x).

Price to Earnings Ratio vs Fair Ratio

What is MSB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MSB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MSB's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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