MSB
Mesabi Trust
MSB's fundamentals are mixed, but it looks expensive: trading at 35x earnings, about three times its usual 11x. Its downside scenario is about five times its upside.
MSB Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| Healthy | |
| Unavailable |
MSB's cash flow is currently healthy, and its profitability is stable, but its revenue is under pressure. There isn't enough data to rate its balance sheet.
MSB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.7x | $2.31 | -87% |
| Fair | 11x | $5.30 | -69% |
| Expensive | 25x | $12.16 | -29% |
| Current | 35x | $17.16 | — |
Historical ranges are pointers, not guarantees.
MSB's PE is in its expensive range at 35x.
MSB Forward outlook
There aren't enough analyst estimates for MSB to show an outlook.
MSB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.49 | -93% |
| Q2 2026 | $0.86 | -88% |
| Q1 2026 | $1.06 | -85% |
| Q4 2025 | $1.31 | -81% |
| Q3 2025 | $7.07 | +424% |
| Q2 2025 | $7.12 | +337% |
| Q1 2025 | $7.11 | +390% |
| Q4 2024 | $7.00 | +714% |
MSB's earnings per share have fallen from their peak: $0.49 over the past year, against $7.12 in early 2025.
MSB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.5M | -56% |
| Q2 2026 | $2.2M | -53% |
| Q1 2026 | $3.6M | -48% |
| Q4 2025 | $3.6M | -95% |
| Q3 2025 | $5.6M | -14% |
| Q2 2025 | $4.7M | -24% |
| Q1 2025 | $6.9M | +10% |
| Q4 2024 | $79M | +1514% |
MSB's revenue has slid since its 2024 peak: $2M last quarter, down 56% from the same quarter a year ago.
MSB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $249.1K | -94% |
| Q2 2026 | $533.7K | -74% |
| Q1 2026 | $4.4M | -53% |
| Q4 2025 | $3.5M | -96% |
| Q3 2025 | $4.4M | +15% |
| Q2 2025 | $2.1M | -17% |
| Q1 2025 | $9.4M | +66% |
| Q4 2024 | $78.2M | +1415% |
MSB still generates free cash flow, though less than at its 2024 peak: $9M over the past year.
MSB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | 0% | -- |
| 5 years | 0% | -- |
| Available history | 0% | -- |
MSB has 13M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q1 2023 | — |
| Q3 2022 | — |
MSB Net Leverage
MSB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 27.1 | Oversold |
| Stochastic | 8.9 | Oversold |
MSB's weekly RSI is 27 (oversold) and its Stochastic is 9 (oversold).
MSB PE vs Basic Materials Sector
| Metric | MSB | Sector median | Relative |
|---|---|---|---|
| PE | 35x | 19x | 87% above |
| PE % | 92 | 40 | 52 pts above |
MSB is trading at 35x earnings, a 87% premium to the Basic Materials sector's median of 19x.
MSB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.1 | 5.1% below |
| 20 week MA | $21.2 | 19% below |
| 50 week MA | $27.3 | 37% below |
| 100 week MA | $27.8 | 38% below |
| 200 week MA | $24.1 | 29% below |
MSB is in a downtrend: it's below all five of its weekly moving averages, and 29% below its 200-week average.
MSB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $23.5 | $28.6 | +22% |
| 2021 | $28.6 | $26.0 | -9.1% |
| 2022 | $26.0 | $18.1 | -30% |
| 2023 | $18.1 | $20.5 | +13% |
| 2024 | $20.5 | $27.8 | +36% |
| 2025 | $27.8 | $37.1 | +34% |
| 2026 YTD | $37.1 | $17.2 | -54% |
MSB is down 54% so far in 2026, after finishing higher in four of the previous six years.