Mesabi Trust
Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States. The company was incorporated in 1961 and is based in New York, New York.
Mesabi Trust (MSB) - Net Assets
Latest net assets as of October 2025: $21.09 Million USD
Based on the latest financial reports, Mesabi Trust (MSB) has net assets worth $21.09 Million USD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($26.00 Million) and total liabilities ($4.91 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $21.09 Million |
| % of Total Assets | 81.11% |
| Annual Growth Rate | 13.86% |
| 5-Year Change | 41.58% |
| 10-Year Change | 159.51% |
| Growth Volatility | 97.39 |
Mesabi Trust - Net Assets Trend (1996–2025)
This chart illustrates how Mesabi Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mesabi Trust (1996–2025)
The table below shows the annual net assets of Mesabi Trust from 1996 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | $23.33 Million | +11.22% |
| 2024-01-31 | $20.98 Million | +83.38% |
| 2023-01-31 | $11.44 Million | -62.86% |
| 2022-01-31 | $30.79 Million | +86.89% |
| 2021-01-31 | $16.48 Million | +39.27% |
| 2020-01-31 | $11.83 Million | -29.60% |
| 2019-01-31 | $16.81 Million | +59.94% |
| 2018-01-31 | $10.51 Million | +2.96% |
| 2017-01-31 | $10.21 Million | +13.53% |
| 2016-01-31 | $8.99 Million | +457.94% |
| 2015-01-31 | $1.61 Million | +63.72% |
| 2014-01-31 | $984.10K | -16.76% |
| 2013-01-31 | $1.18 Million | +14.61% |
| 2012-01-31 | $1.03 Million | +4.42% |
| 2011-01-31 | $987.80K | -12.42% |
| 2010-01-31 | $1.13 Million | -70.26% |
| 2009-01-31 | $3.79 Million | +128.44% |
| 2008-01-31 | $1.66 Million | +45.66% |
| 2007-01-31 | $1.14 Million | -77.14% |
| 2006-01-31 | $4.99 Million | +15.29% |
| 2005-01-31 | $4.32 Million | +206.96% |
| 2004-01-31 | $1.41 Million | +32.13% |
| 2003-01-31 | $1.07 Million | -2.62% |
| 2002-01-31 | $1.09 Million | +37.54% |
| 2001-01-31 | $795.92K | +4.26% |
| 2000-01-31 | $763.38K | +7.07% |
| 1999-01-31 | $712.96K | -0.95% |
| 1998-01-31 | $719.80K | +10.63% |
| 1997-01-31 | $650.61K | +20.17% |
| 1996-01-31 | $541.41K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mesabi Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 652.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $23.33 Million | 100.00% |
| Common Stock | $3.00 | 0.00% |
| Other Comprehensive Income | $23.33 Million | 100.00% |
| Total Equity | $23.33 Million | 100.00% |
Mesabi Trust Competitors by Market Cap
The table below lists competitors of Mesabi Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Henan Taloph Pharmaceutical Stock Co Ltd
SHG:600222
|
$411.58 Million |
|
Dynamatic Technologies Limited
NSE:DYNAMATECH
|
$411.59 Million |
|
SPAREBKN MORE NK 20
F:K5X
|
$411.70 Million |
|
Vinati Organics Limited
NSE:VINATIORGA
|
$411.77 Million |
|
Shenzhen hongfuhan Technology Co. Ltd.
SHE:301086
|
$411.57 Million |
|
Metro Healthcare Indonesia
JK:CARE
|
$411.41 Million |
|
Harbin Xinguang Optic Electronics
SHG:688011
|
$411.35 Million |
|
ZimVie Inc
NASDAQ:ZIMV
|
$411.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mesabi Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 20,975,146 to 23,327,720, a change of 2,352,574 (11.2%).
- Net income of 93,274,000 contributed positively to equity growth.
- Dividend payments of 17,712,013 reduced retained earnings.
- Other comprehensive income increased equity by 2,352,574.
- Other factors decreased equity by 75,561,987.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $93.27 Million | +399.84% |
| Dividends Paid | $17.71 Million | -75.93% |
| Other Comprehensive Income | $2.35 Million | +10.08% |
| Other Changes | $-75.56 Million | -323.92% |
| Total Change | $- | 11.22% |
Book Value vs Market Value Analysis
This analysis compares Mesabi Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 17.83x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 86.30x to 17.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-01-31 | $0.37 | $31.70 | x |
| 1987-01-31 | $0.33 | $31.70 | x |
| 1988-01-31 | $0.36 | $31.70 | x |
| 1989-01-31 | $0.35 | $31.70 | x |
| 1990-01-31 | $0.21 | $31.70 | x |
| 1991-01-31 | $0.11 | $31.70 | x |
| 1992-01-31 | $0.09 | $31.70 | x |
| 1993-01-31 | $0.09 | $31.70 | x |
| 1994-01-31 | $0.05 | $31.70 | x |
| 1995-01-31 | $0.04 | $31.70 | x |
| 1996-01-31 | $0.04 | $31.70 | x |
| 1997-01-31 | $0.05 | $31.70 | x |
| 1998-01-31 | $0.05 | $31.70 | x |
| 1999-01-31 | $0.05 | $31.70 | x |
| 2000-01-31 | $0.05 | $31.70 | x |
| 2001-01-31 | $0.06 | $31.70 | x |
| 2002-01-31 | $0.08 | $31.70 | x |
| 2003-01-31 | $0.08 | $31.70 | x |
| 2004-01-31 | $0.11 | $31.70 | x |
| 2005-01-31 | $0.33 | $31.70 | x |
| 2006-01-31 | $0.38 | $31.70 | x |
| 2007-01-31 | $0.09 | $31.70 | x |
| 2008-01-31 | $0.13 | $31.70 | x |
| 2009-01-31 | $0.29 | $31.70 | x |
| 2010-01-31 | $0.09 | $31.70 | x |
| 2011-01-31 | $0.08 | $31.70 | x |
| 2012-01-31 | $0.08 | $31.70 | x |
| 2013-01-31 | $0.09 | $31.70 | x |
| 2014-01-31 | $0.08 | $31.70 | x |
| 2015-01-31 | $0.12 | $31.70 | x |
| 2016-01-31 | $0.69 | $31.70 | x |
| 2017-01-31 | $0.78 | $31.70 | x |
| 2018-01-31 | $0.80 | $31.70 | x |
| 2019-01-31 | $1.28 | $31.70 | x |
| 2020-01-31 | $0.90 | $31.70 | x |
| 2021-01-31 | $1.26 | $31.70 | x |
| 2022-01-31 | $2.35 | $31.70 | x |
| 2023-01-31 | $0.87 | $31.70 | x |
| 2024-01-31 | $1.60 | $31.70 | x |
| 2025-01-31 | $1.78 | $31.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mesabi Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 399.84%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 366.41%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 4.36x
- Recent ROE (399.84%) is below the historical average (685.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 204.17% | 95.15% | 2.15x | 1.00x | $9.32 Million |
| 1987 | 18.42% | 50.00% | 0.37x | 1.00x | $320.00K |
| 1988 | -5.56% | -66.67% | 0.08x | 1.00x | $-560.00K |
| 1989 | -5.71% | -100.00% | 0.06x | 1.00x | $-550.00K |
| 1990 | -9.38% | -50.00% | 0.18x | 1.03x | $-620.00K |
| 1991 | 107.14% | 68.18% | 1.05x | 1.50x | $1.36 Million |
| 1992 | 136.36% | 78.95% | 1.27x | 1.36x | $1.39 Million |
| 1993 | 122.22% | 78.57% | 0.93x | 1.67x | $1.01 Million |
| 1994 | 457.14% | 88.89% | 1.80x | 2.86x | $3.13 Million |
| 1995 | 516.67% | 88.57% | 1.75x | 3.33x | $3.04 Million |
| 1996 | 678.61% | 90.47% | 1.78x | 4.22x | $3.62 Million |
| 1997 | 863.74% | 93.64% | 2.31x | 4.00x | $5.55 Million |
| 1998 | 902.75% | 94.72% | 1.60x | 5.96x | $6.43 Million |
| 1999 | 790.34% | 94.10% | 2.15x | 3.91x | $5.56 Million |
| 2000 | 651.11% | 92.73% | 1.69x | 4.17x | $4.89 Million |
| 2001 | 671.69% | 92.92% | 2.25x | 3.21x | $5.27 Million |
| 2002 | 332.91% | 91.46% | 1.80x | 2.03x | $3.53 Million |
| 2003 | 440.37% | 92.04% | 1.42x | 3.37x | $4.59 Million |
| 2004 | 480.72% | 93.13% | 1.35x | 3.83x | $6.63 Million |
| 2005 | 301.07% | 95.89% | 1.65x | 1.91x | $12.59 Million |
| 2006 | 415.94% | 96.08% | 1.90x | 2.27x | $20.24 Million |
| 2007 | 1504.52% | 95.78% | 3.31x | 4.75x | $17.03 Million |
| 2008 | 1098.32% | 96.64% | 2.22x | 5.11x | $18.07 Million |
| 2009 | 914.24% | 97.75% | 6.63x | 1.41x | $34.29 Million |
| 2010 | 1101.55% | 93.82% | 1.18x | 9.93x | $12.31 Million |
| 2011 | 3286.40% | 97.36% | 3.46x | 9.76x | $32.36 Million |
| 2012 | 3222.20% | 97.30% | 3.06x | 10.83x | $33.13 Million |
| 2013 | 2592.99% | 97.12% | 4.13x | 6.47x | $30.54 Million |
| 2014 | 2139.63% | 95.51% | 2.58x | 8.69x | $20.96 Million |
| 2015 | 1537.31% | 94.97% | 2.58x | 6.27x | $24.61 Million |
| 2016 | 95.21% | 88.04% | 0.99x | 1.09x | $7.66 Million |
| 2017 | 94.19% | 88.30% | 0.76x | 1.40x | $8.59 Million |
| 2018 | 318.78% | 97.10% | 1.32x | 2.49x | $32.45 Million |
| 2019 | 271.09% | 96.33% | 1.33x | 2.11x | $43.88 Million |
| 2020 | 254.04% | 93.95% | 1.35x | 2.00x | $28.87 Million |
| 2021 | 142.06% | 90.20% | 1.13x | 1.39x | $21.76 Million |
| 2022 | 223.30% | 96.23% | 1.33x | 1.75x | $65.69 Million |
| 2023 | 46.41% | 70.82% | 0.53x | 1.23x | $4.17 Million |
| 2024 | 90.50% | 83.03% | 0.86x | 1.27x | $16.89 Million |
| 2025 | 399.84% | 366.41% | 0.25x | 4.36x | $90.94 Million |
Industry Comparison
This section compares Mesabi Trust's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $10,879,360,340
- Average return on equity (ROE) among peers: 3.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mesabi Trust (MSB) | $21.09 Million | 204.17% | 0.23x | $411.57 Million |
| Acerinox S.A. (ACRXF) | $1.93 Billion | -3.09% | 1.28x | $1.71 Billion |
| ArcelorMittal SA (AMSYF) | $11.98 Billion | 27.55% | 1.59x | $12.85 Billion |
| Angang Steel Company Limited (ANGGF) | $50.39 Billion | 11.12% | 0.77x | $641.51 Million |
| Aperam PK (APEMY) | $3.79 Billion | 7.21% | 0.73x | $1.17 Billion |
| Aperam SA (APMSF) | $2.52 Billion | 11.35% | 0.72x | $1.31 Billion |
| ArcelorMittal South Africa Ltd (ARCXF) | $28.00 Billion | 33.51% | 0.34x | $14.02 Million |
| Algoma Steel Group Inc (ASTL) | $173.80 Million | -92.29% | 7.94x | $280.31 Million |
| Algoma Steel Group Inc. Warrant (ASTLW) | $-530.90 Million | 0.00% | 0.00x | $6.74 Million |
| BCI Minerals Limited (BIRNF) | $103.61 Million | 12.45% | 0.26x | $227.67 Million |
| BlueScope Steel Limited (BLSFF) | $10.45 Billion | 26.90% | 0.59x | $5.72 Billion |