Valuation: Mesabi Trust

Market Cap 336M 293M 269M 251M 476M 31.96B 484M 3.24B 1.26B 15.68B 1.26B 1.23B 54.02B P/E 2025
3.32x
P/E 2026 31.1x
Enterprise Value 313M 273M 251M 234M 443M 29.76B 451M 3.02B 1.17B 14.6B 1.17B 1.15B 50.29B EV / Sales 2025
7.64x
EV / Sales 2026 23.3x
Free-Float
99.92%
Yield 2025
29.4%
Yield 2026 3.89%
1 day-0.62%
1 week+5.09%
Current month+1.15%
1 month-1.08%
3 months-18.30%
6 months-35.35%
Current year-33.57%
1 week 23.78
Extreme 23.785
26.37
1 month 23.56
Extreme 23.56
26.49
Current year 23.56
Extreme 23.56
42.38
1 year 23.56
Extreme 23.56
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.($)
-0.62%+5.09%+5.53%+25.38% 336M
+0.77%+0.32%+42.44%+18.38% 64.15B
-3.16%-3.06%+14.97%-17.22% 40.46B
-0.23%+0.66%+25.55%+144.84% 7.91B
-0.86%-3.12%-6.94%-36.18% 5.57B
-2.07%-0.24%-18.30%+0.24% 4.44B
+2.34%+0.05%+24.89%-8.58% 1.61B
+1.21%+1.79%+9.97%+2.21% 1.35B
-0.53%-0.95%+0.14%-9.60% 1.28B
+1.98%+1.10%-10.36%-4.52% 1.21B
Average -0.18%-0.25%+8.79%+11.49% 12.83B
Weighted average by Cap. -0.75%-1.84%+26.91%+10.96%

Financials

2025 2026
Net sales 27.41M 23.95M 21.99M 20.51M 38.88M 2.61B 39.54M 265M 103M 1.28B 103M 101M 4.41B 17.52M 15.31M 14.06M 13.11M 24.86M 1.67B 25.28M 169M 65.61M 818M 65.8M 64.37M 2.82B
Net income 93.27M 81.5M 74.84M 69.8M 132M 8.88B 135M 901M 349M 4.36B 350M 343M 15.01B 13.87M 12.12M 11.13M 10.38M 19.67M 1.32B 20.01M 134M 51.93M 648M 52.07M 50.94M 2.23B
Net Debt -100M -87.56M -80.4M -74.98M -142M -9.54B -145M -968M -375M -4.68B -376M -368M -16.12B -23.16M -20.24M -18.59M -17.33M -32.86M -2.21B -33.41M -224M -86.72M -1.08B -86.97M -85.08M -3.73B
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
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Date Price Change Volume
02/07/26 USD 25.59 -0.62% 36,833
01/07/26 USD 25.75 +1.78% 49,436
30/06/26 USD 25.30 +5.95% 58,920
29/06/26 USD 23.88 -3.52% 27,173
26/06/26 USD 24.75 +1.64% 43,900