NYSE:MSB

Stock Analysis Report

Executive Summary

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

Snowflake

Share Price & News

How has Mesabi Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.9%

MSB

2.0%

US Metals and Mining

0.07%

US Market


1 Year Return

-17.2%

MSB

-5.2%

US Metals and Mining

8.9%

US Market

Return vs Industry: MSB underperformed the US Metals and Mining industry which returned -5.2% over the past year.

Return vs Market: MSB underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

MSBIndustryMarket
7 Day5.9%2.0%0.07%
30 Day3.5%-2.2%-0.3%
90 Day-11.6%-6.9%-1.6%
1 Year-6.7%-17.2%-2.3%-5.2%11.3%8.9%
3 Year238.6%155.6%9.5%3.8%46.3%36.8%
5 Year85.9%27.7%-0.7%-8.3%62.1%44.3%

Price Volatility Vs. Market

How volatile is Mesabi Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

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 ($24.54) is trading below our estimate of fair value ($72.92)

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 (8.2x) compared to the Metals and Mining industry average (13.5x).

PE vs Market: MSB is good value based on its PE Ratio (8.2x) compared to the US market (17.8x).


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 (15.2x) compared to the US Metals and Mining industry average (1.4x).

Future Growth

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

28.2%

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?

23.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MSB's earnings have grown significantly by 23.7% per year over the past 5 years.

Accelerating Growth: MSB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MSB had negative earnings growth (-2.4%) over the past year, making it difficult to compare to the Metals and Mining industry average (26.8%).


Return on Equity

High ROE: MSB's Return on Equity (184.9%) is considered outstanding.


Return on Assets

ROA vs Industry: MSB has a higher Return on Assets than the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: MSB has significantly improved its Return on Capital Employed over the past 3 years.

Financial Health

How is Mesabi Trust's financial position?


Financial Position Analysis

Short Term Liabilities: MSB's short term assets ($24.2M) exceeds its short term liabilities ($3.0M)

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

Inventory Level: MSB has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if MSB's debt is covered by short term assets.

Dividend

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

12.22%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Mesabi Trust before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company12.2%marketbottom25%1.4%markettop25%3.7%industryaverage2.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MSB's dividend (12.22%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: MSB's dividend (12.22%) is in the top 25% of dividend payers in the US market (3.68%)

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 high payout ratio (114.8%), MSB's dividend payments are not 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.

Management

What is the CEO of Mesabi Trust's salary, the management and board of directors tenure and is there insider trading?

8.0yrs

Average board tenure


CEO

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


Board Age and Tenure

8.0yrs

Average Tenure

69yo

Average Age

Experienced Board: MSB's board of directors are considered experienced (8 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$14,69112 Jun 19
Robin Radke
EntityIndividual
Role
Member of the Board of Directors
Individual Trustee
Shares498
Max PriceUS$29.50

Ownership Breakdown


Management Team

  • Jeffrey Schoenfeld

    Vice President of Deutsche Bank Trust Company Americas

    • Tenure: 0yrs
    • Compensation: US$108.47k

Board Members

  • James Ehrenberg (77yo)

    Individual Trustee

    • Tenure: 13.8yrs
    • Compensation: US$40.82k
  • Robert Berglund (73yo)

    Individual Trustee

    • Tenure: 10.8yrs
    • Compensation: US$40.82k
  • Robin Radke (48yo)

    Individual Trustee

    • Tenure: 0.8yrs
    • Compensation: US$9.50k
  • Michael Mlinar (65yo)

    Individual Trustee

    • Tenure: 5.3yrs
    • Compensation: US$40.82k

Company Information

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


Key Information

  • Name: Mesabi Trust
  • Ticker: MSB
  • Exchange: NYSE
  • Founded: 1961
  • Industry: Steel
  • Sector: Materials
  • Market Cap: US$321.965m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MSBNYSE (New York Stock Exchange)YesTrust UnitsUSUSDJan 1968

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:39
End of Day Share Price2019/10/22 00:00
Earnings2019/07/31
Annual Earnings2019/01/31


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.