Mesabi Trust, a royalty trust, engages in the iron ore mining business in the United States.
Share Price & News
How has Mesabi Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MSB's share price has been volatile over the past 3 months.
7 Day Return
US Metals and Mining
1 Year Return
US Metals and Mining
Return vs Industry: MSB underperformed the US Metals and Mining industry which returned 20.9% over the past year.
Return vs Market: MSB underperformed the US Market which returned 14.9% over the past year.
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
1 year ago | Simply Wall StHow Financially Strong Is Mesabi Trust (NYSE:MSB)?
1 year ago | Simply Wall StDoes Mesabi Trust's (NYSE:MSB) PE Ratio Warrant A Buy?
2 years ago | Simply Wall StWhy I Like Mesabi Trust (NYSE:MSB)
Is Mesabi Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MSB ($17.77) is trading below our estimate of fair value ($42.54)
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 (8.7x) compared to the US Metals and Mining industry average (13.4x).
PE vs Market: MSB is good value based on its PE Ratio (8.7x) 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 (38.2x) compared to the US Metals and Mining industry average (1.6x).
How is Mesabi Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Mesabi Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MSB has high quality earnings.
Growing Profit Margin: MSB's current net profit margins (93.3%) are lower than last year (95.8%).
Past Earnings Growth Analysis
Earnings Trend: MSB's earnings have grown significantly by 23.5% 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 (-39.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (-22.6%).
Return on Equity
High ROE: MSB's Return on Equity (439%) is considered outstanding.
How is Mesabi Trust's financial position?
Financial Position Analysis
Short Term Liabilities: MSB's short term assets ($14.4M) exceed its short term liabilities ($7.5M).
Long Term Liabilities: MSB's short term assets ($14.4M) exceed its long term liabilities ($791.2K).
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.
What is Mesabi Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MSB's dividend (1.13%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: MSB's dividend (1.13%) is low compared to the top 25% of dividend payers in the US market (4.51%).
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 fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (114.7%), 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mesabi Trust has no CEO, or we have no data on them.
|Individual Trustee||14.58yrs||US$40.31k||0.023% |
|Individual Trustee||11.58yrs||US$40.31k||0.015% |
|Individual Trustee||1.58yrs||US$40.31k||0.0045% |
|Individual Trustee||6.58yrs||US$40.31k||0.034% |
Experienced Board: MSB's board of directors are considered experienced (9.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mesabi Trust's company bio, employee growth, exchange listings and data sources
- Name: Mesabi Trust
- Ticker: MSB
- Exchange: NYSE
- Founded: 1961
- Industry: Steel
- Sector: Materials
- Market Cap: US$233.143m
- Shares outstanding: 13.12m
- Website: https://www.mesabi-trust.com
- Mesabi Trust
- 60 Wall Street
- 16th Floor
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MSB||NYSE (New York Stock Exchange)||Yes||Trust Units||US||USD||Jan 1968|
Mesabi Trust, a royalty trust, engages in the 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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/04 00:49|
|End of Day Share Price||2020/08/03 00:00|