Mesabi Trust Shs (MSB)
NYSE:MSB
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Mesabi Shs
(NYSE:MSB)
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Rating:58Neutral
Price Target:
$27.00
▼(-26.07% Downside)
Action:Reiterated
Date:06/13/26
Overall score is held back primarily by volatile and internally inconsistent operating/cash-flow signals despite a strong, low-risk balance sheet. Technically, the stock remains in a weak trend (below key moving averages with negative MACD). A decent dividend supports valuation, but a higher P/E and event-driven royalty volatility temper the outlook.
Positive Factors
Conservative balance sheet
Mesabi’s zero total debt and sizable equity relative to assets (TTM equity ~$18.3M vs assets ~$21.9M) provide durable financial flexibility. Low leverage reduces solvency risk, supports continued distributions through commodity cycles, and preserves capacity to withstand operational or market shocks.
Negative Factors
Bonus royalty tied to price thresholds
Contractual bonus royalties depend on deemed shipment prices exceeding thresholds. Even with sharply higher shipments, Mesabi earned no bonus in 2026 because prices stayed below the trigger. This contractual design creates structural payout volatility linked to commodity prices, reducing distribution predictability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Mesabi’s zero total debt and sizable equity relative to assets (TTM equity ~$18.3M vs assets ~$21.9M) provide durable financial flexibility. Low leverage reduces solvency risk, supports continued distributions through commodity cycles, and preserves capacity to withstand operational or market shocks.
Read all positive factors
Mesabi Shs (MSB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$339.55M
Dividend Yield19.32%
Average Volume (3M)40.95K
Price to Earnings (P/E)29.1
Beta (1Y)1.09
Revenue Growth-84.51%
EPS Growth-87.88%
CountryUS
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)N/A
Shares Outstanding13,120,010
10 Day Avg. Volume25,035
30 Day Avg. Volume40,954
Financial Highlights & Ratios
PEG Ratio-0.37
Price to Book (P/B)21.16
Price to Sales (P/S)24.63
P/FCF Ratio<0.01
Enterprise Value/Market Cap0.92
Enterprise Value/Revenue20.79
Enterprise Value/Gross Profit21.63
Enterprise Value/Ebitda27.60
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mesabi Shs Business Overview & Revenue Model
Company Description
Established in 1961, Mesabi Trust functions as a royalty trust, concentrating its business efforts on iron ore extraction operations across the United States. Its main office is located in New York, New York....
How the Company Makes Money
Mesabi Trust makes money by earning royalties on iron ore (taconite) mined and shipped from the mineral properties in which it holds royalty interests. The trust does not operate mines, employ operating staff, or sell ore directly; instead, a thir...
Mesabi Shs Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
82
Very Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2024 | Jan 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.04M | 17.52M | 25.46M | 22.86M | 7.74M | 71.46M |
| Gross Profit | 14.45M | 17.00M | 98.27M | 22.61M | 7.34M | 71.17M |
| EBITDA | 11.33M | 13.87M | 20.64M | 18.54M | 7.55M | 70.99M |
| Net Income | 11.33M | 13.87M | 93.27M | 18.98M | 5.31M | 68.77M |
Balance Sheet | ||||||
| Total Assets | 21.92M | 24.36M | 101.73M | 26.69M | 14.12M | 53.91M |
| Cash, Cash Equivalents and Short-Term Investments | 20.29M | 23.16T | 100.20M | 23.98M | 13.97M | 47.73M |
| Total Debt | 0.00 | 0.00 | 0.00 | 1.96M | 23.56K | 4.63M |
| Total Liabilities | 3.58M | 3.95M | 78.40M | 5.72M | 2.68M | 23.12M |
| Stockholders Equity | 18.34M | 20.40M | 23.33M | 20.98M | 11.44M | 30.79M |
Cash Flow | ||||||
| Free Cash Flow | 14.40T | 14.40T | 93.94M | 14.61M | 13.86M | 62.84M |
| Operating Cash Flow | 14.40T | 14.40T | 93.94M | 14.61M | 13.86M | 62.84M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.91M |
| Financing Cash Flow | -12.46M | -91.45M | -17.71M | -4.59M | -47.63M | -37.52M |
Mesabi Shs Technical Analysis
Negative
36.52
Price Trends
27.80
Negative
30.01
Negative
31.59
Negative
Market Momentum
-0.90
Negative
42.89
Neutral
57.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MSB, the sentiment is Negative. The current price of 36.52 is above the 20-day moving average (MA) of 25.80, above the 50-day MA of 27.80, and above the 200-day MA of 31.59, indicating a bearish trend. The MACD of -0.90 indicates Negative momentum. The RSI at 42.89 is Neutral, neither overbought nor oversold. The STOCH value of 57.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MSB.
Mesabi Shs Risk Analysis
Mesabi Shs disclosed 1 risk factors in its most recent earnings report. Mesabi Shs reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Mesabi Shs Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $246.93M | 12.47 | 11.34% | 0.75% | 45.50% | 214.32% | |
65 Neutral | $2.21B | 17.13 | 10.97% | 1.78% | 5.55% | 11.54% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | $852.54M | 289.02 | 0.42% | ― | 13.73% | ― | |
58 Neutral | $339.55M | 29.11 | 66.13% | 19.32% | -84.51% | -87.88% | |
48 Neutral | $126.99M | 107.08 | 1.40% | ― | -51.72% | ― |
* Basic Materials Sector Average
MSB
Mesabi Shs
25.37
2.26
9.76%
FRD
Friedman Industries
34.86
18.72
115.99%
ACNT
Ascent Industries
13.68
1.26
10.14%
MTUS
Metallus
20.00
5.72
40.06%
WS
Worthington Steel, Inc.
40.65
15.41
61.07%
Mesabi Shs Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Mesabi Trust Reports Higher Shipments But No Bonus Royalties
Negative
May 4, 2026
Mesabi Trust reported that, according to a quarterly royalty report from Cleveland-Cliffs, it received total royalty payments of $1.63 million on April 30, 2026, based on 938,572 tons of iron ore shipped from Silver Bay in the quarter ended March ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.