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About the company
Mesabi Trust is a royalty trust organized to derive income from an iron mine (the Peter Mitchell Mine) located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The Trust is a pass-through entity. It operates in one segment, which is iron ore mining. The mine is operated by Northshore Mining Company (Northshore), a subsidiary of Cleveland-Cliffs Inc. (CCI). Northshore mines the ore, which is in the form of taconite, a hard rock containing approximately 21% recoverable iron, crushes it, separates the iron particles from the non-metallic, and forms the resulting concentrate into pellets which are shipped for use in steel-producing blast furnaces of customers of CCI. Northshore pays royalties to the Trust primarily based on the selling price of pellets shipped from Northshore’s pellet plant at Silver Bay, Minnesota, on Lake Superior approximately 45 miles from the mine, plus a significantly smaller royalty based on tons of ore extracted at the mine.
- Revenue in USD (TTM)23.86m
- Net income in USD17.66m
- Incorporated1961
- Employees0.00
- LocationMesabi Trust1 Columbus Circle, 17th FloorNEW YORK 10019United StatesUSA
- Phone+1 (904) 271-2520
- Websitehttp://www.mesabi-trust.com/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ascent Industries Co | 159.39m | -32.75m | 92.74m | 514.00 | -- | 0.9179 | -- | 0.5818 | -3.24 | -1.30 | 15.76 | 9.98 | 0.816 | 2.66 | 4.89 | 310,105.10 | -16.76 | -2.32 | -19.88 | -2.75 | -0.2842 | 11.77 | -20.54 | -2.05 | 1.45 | -11.16 | 0.0229 | -- | -26.27 | -7.21 | -294.28 | -- | -17.07 | -- |
| Friedman Industries Inc | 493.50m | 12.12m | 95.83m | 268.00 | 7.97 | 0.739 | 6.26 | 0.1942 | 1.72 | 1.72 | 69.62 | 18.61 | 2.27 | 3.55 | 11.68 | 1,841,433.00 | 5.63 | 8.55 | 6.94 | 11.52 | 20.45 | 12.95 | 2.48 | 3.64 | 1.10 | -- | 0.2623 | 5.35 | -5.71 | 22.50 | -18.31 | 27.48 | 48.28 | -13.99 |
| Perma-Pipe International Holdings Inc | 157.70m | 15.30m | 102.60m | 819.00 | 6.74 | 1.50 | 4.46 | 0.6506 | 1.91 | 1.91 | 19.61 | 8.60 | 1.04 | 7.31 | 2.50 | 192,555.60 | 12.72 | 3.58 | 21.56 | 5.34 | 31.20 | 23.68 | 12.20 | 3.28 | 1.50 | 9.29 | 0.2666 | 0.00 | 5.68 | 3.16 | 76.13 | -- | 52.17 | -- |
| Tredegar Corp | 699.11m | -73.89m | 229.84m | 1.90k | -- | 1.44 | -- | 0.3288 | -2.16 | -2.16 | 20.37 | 4.64 | 1.49 | 6.84 | 8.83 | 367,951.60 | -15.80 | 0.7679 | -25.41 | 1.07 | 13.90 | 17.62 | -10.57 | 0.5435 | 0.4141 | 0.7379 | 0.4703 | 1,240.41 | -25.15 | -3.78 | -473.15 | -- | -8.31 | -9.99 |
| Mesabi Trust | 23.86m | 17.66m | 278.67m | 0.00 | 15.78 | 12.60 | -- | 11.68 | 1.35 | 1.35 | 1.82 | 1.69 | 0.9913 | -- | 5.84 | -- | 73.35 | 100.58 | 80.70 | 163.84 | -- | -- | 74.00 | 91.57 | -- | -- | 0.00 | 97.15 | 195.30 | -13.53 | 257.56 | -16.06 | -- | -36.69 |
| Universal Stainless & Alloy Products Inc | 311.46m | 17.53m | 342.17m | 678.00 | 20.40 | 1.42 | 9.12 | 1.10 | 1.82 | 1.82 | 32.66 | 26.03 | 0.8615 | 1.67 | 8.17 | 459,379.10 | 4.85 | -1.09 | 5.53 | -1.24 | 19.15 | 8.31 | 5.63 | -1.75 | 1.23 | 3.54 | 0.2456 | -- | 41.48 | 2.24 | 160.82 | -14.37 | -3.28 | -- |
| Northwest Pipe Co | 471.61m | 25.12m | 426.01m | 1.33k | 17.18 | 1.21 | 10.07 | 0.9033 | 2.50 | 2.50 | 46.92 | 35.41 | 0.764 | 4.49 | 2.38 | 355,929.10 | 4.07 | 4.88 | 4.84 | 5.65 | 17.92 | 16.96 | 5.33 | 6.15 | 2.19 | 7.17 | 0.198 | 0.00 | -2.91 | 20.88 | -32.35 | 0.7374 | 36.95 | -- |
| Olympic Steel Inc | 2.07bn | 36.00m | 429.05m | 2.19k | 12.45 | 0.7534 | 6.59 | 0.2074 | 3.10 | 3.10 | 177.89 | 51.15 | 2.05 | 4.35 | 9.30 | 954,202.50 | 3.56 | 6.25 | 4.29 | 7.70 | 16.67 | 15.71 | 1.74 | 2.59 | 1.43 | 4.50 | 0.2715 | 4.80 | -15.70 | 4.70 | -51.03 | 5.69 | -3.67 | 44.27 |
| Radius Recycling Inc | 2.69bn | -276.06m | 480.60m | 3.35k | -- | 0.7471 | -- | 0.1789 | -9.71 | -9.72 | 94.87 | 22.94 | 1.57 | 7.80 | 10.69 | 801,016.10 | -16.14 | 5.24 | -20.00 | 6.68 | 8.01 | 13.35 | -10.28 | 2.88 | 0.9067 | -1.70 | 0.389 | 29.15 | -17.32 | 4.04 | -115.21 | -- | 10.78 | 0.00 |
| Ramaco Resources Inc | 717.69m | 57.07m | 522.98m | 811.00 | 6.22 | 1.42 | 4.47 | 0.7287 | 1.59 | 1.59 | 16.60 | 6.98 | 1.09 | 9.12 | 11.16 | 884,939.60 | 8.65 | 14.28 | 10.80 | 17.89 | 23.85 | 31.50 | 7.95 | 13.29 | 0.8962 | 9.00 | 0.2104 | 60.42 | 22.60 | 24.96 | -29.07 | 26.84 | 11.49 | -- |
| Ryerson Holding Corp | 4.82bn | 63.10m | 641.79m | 4.60k | 10.67 | 0.7419 | 4.81 | 0.133 | 1.81 | 1.81 | 139.79 | 26.06 | 1.89 | 5.19 | 8.69 | 1,048,652.00 | 2.51 | 7.84 | 3.38 | 10.87 | 19.44 | 19.65 | 1.33 | 3.39 | 1.11 | 3.11 | 0.3722 | 6.09 | -19.21 | 2.99 | -62.74 | 6.57 | 25.99 | -- |
| Metallus Inc | 1.30bn | 54.70m | 665.80m | 1.84k | 13.05 | 0.9093 | 6.07 | 0.5127 | 1.17 | 1.17 | 27.56 | 16.85 | 1.14 | 4.82 | 10.81 | 705,760.90 | 4.82 | 2.41 | 5.90 | 2.92 | 12.87 | 9.50 | 4.21 | 2.22 | 2.06 | -- | 0.0176 | -- | 2.44 | -3.29 | 6.61 | -- | 5.22 | -- |
| SunCoke Energy Inc | 2.00bn | 62.30m | 673.58m | 1.15k | 10.95 | 1.06 | 3.35 | 0.3367 | 0.7313 | 0.7313 | 23.49 | 7.57 | 1.21 | 8.18 | 16.46 | 1,737,880.00 | 4.13 | 0.914 | 4.85 | 1.07 | 16.44 | 19.96 | 3.41 | 0.9211 | 1.19 | 5.04 | 0.4243 | 207.55 | 4.60 | 7.30 | -42.90 | 17.02 | 1.71 | -- |
Data as of Sep 20 2024. Currency figures normalised to Mesabi Trust's reporting currency: US Dollar USD
38.35%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Horizon Kinetics Asset Management LLCas of 30 Jun 2024 | 2.62m | 19.99% |
| ValueWorks LLCas of 30 Jun 2024 | 812.73k | 6.20% |
| Moors & Cabot, Inc. (Investment Management)as of 30 Jun 2024 | 464.50k | 3.54% |
| Beddow Capital Management, Inc.as of 30 Jun 2024 | 462.32k | 3.52% |
| MRM-Horizon Advisors LLCas of 30 Jun 2024 | 291.65k | 2.22% |
| EagleClaw Capital Management LLCas of 30 Jun 2024 | 114.50k | 0.87% |
| Morgan Stanley Smith Barney LLC (Investment Management)as of 30 Jun 2024 | 80.85k | 0.62% |
| Mellon Investments Corp.as of 30 Jun 2024 | 77.14k | 0.59% |
| Two Sigma Investments LPas of 30 Jun 2024 | 55.06k | 0.42% |
| Two Sigma Advisers LPas of 30 Jun 2024 | 50.70k | 0.39% |
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Data from 30 Jun 2024 - 30 Jun 2024Source: FactSet Research Systems Inc.
