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Mesabi Trust, a royalty trust, (MSB) Fair Value & Analysis

Basic Materials · US · Market cap $325M

MT Mesabi Trust, a royalty trust, logo Mesabi Trust, a royalty trust, MSB · US
Price$24.26
Fair Value$17.97
Upside-25.9%
Quality97/100
Evidence: High Range $13.48 – $31.75

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from $19.76 to $17.97 (−9.1%) since Jun 23, 2026. Share price −9.5% over the past month.

Price vs Fair Value (12 months)

$41.11 $23.56 Fair Value $17.97 Jun 2025 Jun 2026

12‑month range $23.56 – $41.11 · fair‑value band $13.48 – $31.75 · the $24.26 price screens above the $17.97 fair value. As of Jun 24, 2026.

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Analysis

Mesabi Trust, a royalty trust, (MSB) currently trades at $24.26, while our model-based Fair Value estimate is $17.97 — implying the stock looks roughly 25.9% overvalued today. We read business quality at 97/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Mesabi Trust, a royalty trust, generated revenue of $15.0M at a net margin of 75.3%. Revenue declined 52.6% year over year. It earns a return on equity of 59.7%. The balance sheet holds a net cash position of $23.2T. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) $15.0M
Revenue growth (YoY) -52.6%
Net margin 75.3%
Return on equity 59.7%
Free cash flow $14.4T FY2026
P/E ratio 28.8
More key figures
Operating margin 48.4%
EPS (TTM) $0.8600
Dividend yield 3.9%
EPS growth (YoY) -70.1%
Net cash $23.2T FY2026

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

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.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Mesabi Trust, a royalty trust, reported revenue of $17.5M in FY2026 versus $71.5M in FY2022, a compound −29.6%/yr. Reported net income was $13.9M in FY2026, compounding −33.0%/yr from FY2022.

Revenue −29.6%/yr
FY22 $71.5M
FY23 $7.7M
FY24 $22.9M
FY25 $25.5M
FY26 $17.5M
Net income −33.0%/yr
FY22 $68.8M
FY23 $5.3M
FY24 $19.0M
FY25 $93.3M
FY26 $13.9M

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Similar stocks

6 more Steel stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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Tata Steel Limited TTST $22.20 $11.06 -50%
Nucor Corporation NUE $244.93 $116.05 -53%
ArcelorMittal S.A ARMT34 R$172.80 R$119.18 -31%
JSW Steel Limited JSWSTEEL ₹1,270 ₹1,007 -21%
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Frequently asked questions

Is Mesabi Trust, a royalty trust, (MSB) undervalued?
As of Jun 24, 2026, our model estimates a fair value of $17.97 versus a price of $24.26 — about −26% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MSB?
Our 21-model fair value for Mesabi Trust, a royalty trust, is $17.97 (as of Jun 24, 2026), built from audited fundamentals. The current price is $24.26.
What is the quality score of MSB?
Mesabi Trust, a royalty trust, has a Quality Score of 97/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Mesabi Trust, a royalty trust, (MSB)?
Mesabi Trust, a royalty trust, reported trailing-twelve-month revenue of about $15.0M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of MSB?
The net profit margin of Mesabi Trust, a royalty trust, is about 75.3%, meaning it keeps roughly 75.3% of revenue as net income. Based on the latest reported figures.
Does Mesabi Trust, a royalty trust, pay a dividend?
Mesabi Trust, a royalty trust, currently shows a dividend yield of about 3.88% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.