Mesabi Trust

Research Mesabi Trust (MSB) on Bullrun: valuation model: 20.3% overvalued, market cap USD 241.67M, P/E 37.3, dividend yield 5.0%. Explore financials, valuation history, model signals, and stock context.

Key Metrics

TickerMSB
ExchangeNYSE
CountryUnited States
SectorBasic Materials
IndustrySteel
CurrencyUSD
Valuation signal20.3% overvalued
Market capUSD 241.67M
P/E37.3
Dividend yield5.0%
Financial periodFY2026
RevenueUSD 16.57M
Revenue growth-83.2%
Net incomeUSD 13.87M
Free cash flowUSD 14.40M
Gross margin97.2%

Valuation Snapshot

Bullrun's latest valuation model marks Mesabi Trust as 20.3% overvalued; latest market cap is USD 241.67M; P/E is 37.3; dividend yield is 5.0%.

Peer valuation comparison

Latest P/E is 37.26x versus a Basic Materials sector median of 16.68x (123.3% above).

Latest dividend yield is 4.99% versus a Basic Materials sector median of 2.3% (117.4% above).

Five-year financial history

Year	Revenue	Net income	Free cash flow	Gross margin	Diluted EPS	Cash	Total debt	Equity
FY2026	USD 16.57M	USD 13.87M	USD 14.40M	97.2%	1.06	USD 23.16M	n/a	USD 20.40M
FY2025	USD 98.60M	USD 93.27M	USD 93.94M	94.6%	7.11	USD 100.20M	n/a	USD 23.33M
FY2024	USD 22.86M	USD 18.98M	USD 14.61M	83.0%	1.45	USD 23.98M	n/a	USD 20.98M
FY2023	USD 7.74M	USD 5.31M	USD 13.86M	68.6%	0.41	USD 13.97M	n/a	USD 11.44M
FY2022	USD 71.46M	USD 68.77M	USD 62.84M	96.2%	5.24	USD 47.73M	n/a	USD 30.79M

Valuation history

Year	Snapshot date	Market cap	P/E	Dividend yield	Annual dividend/share
2026	2026-10-09	USD 241.67M	37.3	4.8%	0.89
2025	2025-12-31	USD 505.38M	29.4	18.1%	6.97
2024	2024-12-31	USD 368.80M	4.0	4.8%	1.35
2023	2023-12-29	USD 268.57M	23.8	1.7%	0.35
2022	2022-12-30	USD 236.42M	9.2	20.1%	3.63
2021	2021-12-31	USD 346.63M	5.7	10.8%	2.86

Dividend history

Latest trailing dividend snapshot: annual dividend/share 0.89 USD, yield 5.0%.

Year	Dividends/share
FY2026	0.55 USD
FY2025	6.97 USD
FY2024	1.35 USD
FY2023	0.35 USD
FY2022	3.63 USD

About Mesabi Trust

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

Related stock research

United States stocks United States Basic Materials stocks A-Z stock index

Other Basic Materials stocks

Clinch Resources Ltd. (CLCH) Cleveland-Cliffs Inc (CLF) Friedman Industries Inc (FRD) TimkenSteel Corp (MTUS) Nucor Corp (NUE) Northwest Pipe Company (NWPX) Reliance Steel & Aluminum Company (RS) Steel Dynamics Inc (STLD) Worthington Steel Inc (WS) Amaero Ltd (3DA) 6K Additive Inc (6KA) Alcoa Corp (AA)

Frequently asked questions

Is Mesabi Trust overvalued or undervalued?

Bullrun's valuation model currently marks Mesabi Trust as 20.3% overvalued.

What is Mesabi Trust's market cap?

Mesabi Trust's market capitalization is USD 241.67M.

What is Mesabi Trust's P/E ratio?

Mesabi Trust's price-to-earnings (P/E) ratio is 37.3.

Does Mesabi Trust pay a dividend?

Mesabi Trust has a dividend yield of 5.0%.

What does Mesabi Trust do?

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