Valuation: Mesabi Trust

Market Cap 23Cr 20Cr 18Cr 17Cr 31Cr 2.13TCr 32Cr 220.57Cr 89Cr 1.13TCr 85Cr 83Cr 3.56TCr P/E 2025
3.32x
P/E 2026 31.1x
Enterprise Value 20Cr 18Cr 17Cr 15Cr 28Cr 1.91TCr 29Cr 197.9Cr 80Cr 1.01TCr 76Cr 74Cr 3.19TCr EV / Sales 2025
7.64x
EV / Sales 2026 23.3x
Free-Float
99.92%
Yield 2025
29.4%
Yield 2026 3.89%
1 day-2.99%
1 week-4.93%
Current month-2.99%
1 month-9.10%
3 months-21.87%
6 months-38.77%
Current year-55.40%
1 week 17.11
Extreme 17.11
18.58
1 month 17.11
Extreme 17.11
19.79
Current year 17.11
Extreme 17.11
42.38
1 year 17.11
Extreme 17.11
42.38
3 years 15.93
Extreme 15.93
42.38
5 years 15.93
Extreme 15.93
42.38
10 years 8.05
Extreme 8.05
42.38
Director TitleAgeSince
Director/Board Member 84 01/01/2006
Director/Board Member 80 28/10/2009
Director/Board Member 73 01/06/2014
Change 5-day change 1-year change 3-year change Capi.($)
-2.99%-4.93%-49.68%-15.70% 23Cr
+1.38%+7.89%+85.04%+83.56% 6.21TCr
+3.28%-3.67%-4.96%-11.80% 4.86TCr
+3.54%+5.07%+67.37%+157.36% 4.51TCr
+0.44%+6.05%+60.66%+125.85% 3.57TCr
-0.48%+5.04%+9.68%+75.53% 3.2TCr
+0.18%-1.41%-32.12%-38.46% 3.09TCr
+2.56%+6.21%+58.65%+69.06% 2.23TCr
0.00%+4.64%-1.75%+52.98% 2.2TCr
+0.12%-0.71%+3.30%+2.64% 2.18TCr
Average +0.98%+2.60%+19.62%+50.10% 3.21TCr
Weighted average by Cap. +1.60%+3.90%+33.96%+62.97%

Financials

2025 2026
Net sales 2.74Cr 2.45Cr 2.25Cr 2.04Cr 3.83Cr 259.5Cr 3.91Cr 27Cr 11Cr 136.97Cr 10Cr 10Cr 432.61Cr 1.75Cr 1.56Cr 1.44Cr 1.31Cr 2.45Cr 165.9Cr 2.5Cr 17Cr 6.91Cr 88Cr 6.58Cr 6.44Cr 276.57Cr
Net income 9.33Cr 8.33Cr 7.64Cr 6.95Cr 13Cr 883.03Cr 13Cr 91Cr 37Cr 466.08Cr 35Cr 34Cr 1.47TCr 1.39Cr 1.24Cr 1.14Cr 1.03Cr 1.94Cr 131.3Cr 1.98Cr 14Cr 5.47Cr 69Cr 5.21Cr 5.09Cr 218.89Cr
Net Debt -10Cr -8.95Cr -8.21Cr -7.47Cr -14Cr -948.64Cr -14Cr -98Cr -40Cr -500.71Cr -38Cr -37Cr -1.58TCr -2.32Cr -2.07Cr -1.9Cr -1.73Cr -3.24Cr -219.28Cr -3.3Cr -23Cr -9.14Cr -115.74Cr -8.69Cr -8.51Cr -365.57Cr
Projected Income Statement - Annual - Mesabi Trust
Logo Mesabi Trust
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.
Employees
-
Date Price Change Volume
02/26/02 $17.18 -2.99% 1,21,406
30/26/30 $17.71 -2.26% 50,013
29/26/29 $18.12 +1.17% 36,619
28/26/28 $17.91 -2.40% 30,911
27/26/27 $18.35 +1.55% 19,874