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MSB

Mesabi TrustNYSE:MSB Stock Report

Last Price

US$34.38

Market Cap

US$451.1m

7D

4.2%

1Y

20.1%

Updated

19 Jan, 2022

Data

Company Financials
MSB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends4/6

MSB Stock Overview

Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States.

Price History & Performance

Summary of all time highs, changes and price drops for Mesabi Trust
Historical stock prices
Current Share PriceUS$34.38
52 Week HighUS$39.61
52 Week LowUS$20.22
Beta0.91
1 Month Change41.77%
3 Month Change-4.39%
1 Year Change20.08%
3 Year Change18.59%
5 Year Change141.26%
Change since IPO882.29%

Recent News & Updates

Jan 05

Mesabi Trust And Its Real Value

Mesabi Trust is benefiting from increases in revenue as iron ore prices rise and the volume of products mined from its property climbs. But those gains may be short-lived as the company that provides nearly all the trust’s royalty income is threatening to stop mining on the property. The company appears to be overvalued from a rearview mirror perspective, and future forecasts argue it could become even more overvalued if mining revenue decreases. This article tells what investors could likely make in the future with Mesabi Trust and what the real value is versus the current share price.

Oct 18
Mesabi Trust (NYSE:MSB) Will Pay A Larger Dividend Than Last Year At US$1.42

Mesabi Trust (NYSE:MSB) Will Pay A Larger Dividend Than Last Year At US$1.42

Mesabi Trust ( NYSE:MSB ) has announced that it will be increasing its dividend on the 20th of November to US$1.42...

Shareholder Returns

MSBUS Metals and MiningUS Market
7D4.2%-2.3%-4.6%
1Y20.1%18.7%7.7%

Return vs Industry: MSB exceeded the US Metals and Mining industry which returned 18.2% over the past year.

Return vs Market: MSB exceeded the US Market which returned 10.2% over the past year.

Price Volatility

Is MSB's price volatile compared to industry and market?
MSB volatility
MSB Average Weekly Movement10.0%
Metals and Mining Industry Average Movement8.6%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: MSB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: MSB's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1961n/an/ahttps://www.mesabi-trust.com

Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States. The company was incorporated in 1961 and is based in New York, New York.

Mesabi Trust Fundamentals Summary

How do Mesabi Trust's earnings and revenue compare to its market cap?
MSB fundamental statistics
Market CapUS$451.07m
Earnings (TTM)US$61.32m
Revenue (TTM)US$64.33m

7.4x

P/E Ratio

7.0x

P/S Ratio


Dividends

12.1%

Current Dividend Yield

31%

Payout Ratio

Does MSB pay a reliable dividends?

See MSB dividend history and benchmarks
When do you need to buy MSB by to receive an upcoming dividend?
Mesabi Trust dividend dates
Ex Dividend DateJan 27 2022
Dividend Pay DateFeb 20 2022
Days until Ex dividend6 days
Days until Dividend pay date30 days

Does MSB pay a reliable dividends?

See MSB dividend history and benchmarks

Valuation

Is Mesabi Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MSB ($34.38) is trading below our estimate of fair value ($132.76)

Significantly Below Fair Value: MSB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MSB is good value based on its PE Ratio (7.4x) compared to the US Metals and Mining industry average (8.8x).

PE vs Market: MSB is good value based on its PE Ratio (7.4x) compared to the US market (17x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MSB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MSB is overvalued based on its PB Ratio (12.4x) compared to the US Metals and Mining industry average (2.2x).


Future Growth

How is Mesabi Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-2.6%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mesabi Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Mesabi Trust performed over the past 5 years?

12.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MSB has high quality earnings.

Growing Profit Margin: MSB's current net profit margins (95.3%) are higher than last year (89.2%).


Past Earnings Growth Analysis

Earnings Trend: MSB's earnings have grown by 12.4% per year over the past 5 years.

Accelerating Growth: MSB's earnings growth over the past year (231.5%) exceeds its 5-year average (12.4% per year).

Earnings vs Industry: MSB earnings growth over the past year (231.5%) exceeded the Metals and Mining industry 125.5%.


Return on Equity

High ROE: MSB's Return on Equity (168.9%) is considered outstanding.


Financial Health

How is Mesabi Trust's financial position?


Financial Position Analysis

Short Term Liabilities: MSB's short term assets ($55.1M) exceed its short term liabilities ($18.8M).

Long Term Liabilities: MSB has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MSB is debt free.

Reducing Debt: MSB has not had any debt for past 5 years.

Debt Coverage: MSB has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MSB has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Mesabi Trust current dividend yield, its reliability and sustainability?

12.07%

Current Dividend Yield


Upcoming Dividend Payment

TodayJan 20 2022Ex Dividend DateJan 27 2022Dividend Pay DateFeb 20 202224 days from Ex DividendBuy in the next 6 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MSB's dividend (12.07%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: MSB's dividend (12.07%) is in the top 25% of dividend payers in the US market (3.48%)


Stability and Growth of Payments

Stable Dividend: MSB's dividend payments have been volatile in the past 10 years.

Growing Dividend: MSB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.6%), MSB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.5yrs

Average board tenure


CEO

Mesabi Trust has no CEO, or we have no data on them.


Board Members

Experienced Board: MSB's board of directors are seasoned and experienced ( 10.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mesabi Trust's employee growth, exchange listings and data sources


Key Information

  • Name: Mesabi Trust
  • Ticker: MSB
  • Exchange: NYSE
  • Founded: 1961
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: US$451.066m
  • Shares outstanding: 13.12m
  • Website: https://www.mesabi-trust.com

Location

  • Mesabi Trust
  • 60 Wall Street
  • 24th Floor
  • New York
  • New York
  • 10005
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:34
End of Day Share Price2022/01/19 00:00
Earnings2021/10/31
Annual Earnings2021/01/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.