MESABI TRUST MSB
Last close
23.90
2026-09-04
Market cap
$313.6M
2026-04-30 share count
52-week range
21.60 - 42.38
Valuation FY2024 figures against the last close
P/S3.2x
P/E—
P/FCF3.3x
EV/EBITDA—
Dividend yield1.5%
Diluted EPS—
Annual financial statements
Income statement
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $98.6M | $22.9M | $7.7M | $71.5M | $26.0M | $32.0M | $47.3M | $34.5M | $10.9M | $9.7M |
| Cost of revenue | $5.3M | $3.9M | $2.4M | $2.7M | $2.5M | $1.9M | $1.7M | $1.1M | $1.1M | — |
| Gross profit | $93.3M | $19.0M | $5.3M | $68.8M | $23.4M | $30.1M | $45.6M | $33.4M | $9.8M | — |
| SG&A | — | — | — | — | — | — | — | $1.1M | $1.1M | $1.2M |
| Total operating expenses | — | — | — | — | — | — | — | — | — | $1.2M |
| Interest expense | $2.0M | $769.4K | $245.7K | $523.4K | $35.5K | $283.0K | — | — | — | — |
| Net income | $93.3M | $19.0M | $5.3M | $68.8M | $23.4M | $30.1M | $45.6M | $33.4M | $9.8M | $8.6M |
| EPS, basic | 7.11 | 1.45 | 0.41 | 5.24 | 1.78 | 2.29 | 3.47 | 2.55 | 0.74 | 0.65 |
| Shares, diluted (wtd. avg.) | $13.1M | $13.1M | $13.1M | $13.1M | $13.1M | $13.1M | $13.1M | $13.1M | $13.1M | $13.1M |
Balance sheet
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $100.2M | $24.0M | $14.0M | $47.7M | $12.5M | $10.2M | $881.8K | $314.8K | $13.7M | $2.6M |
| Receivables | $1.2M | $2.0M | $23.6K | $4.6M | $249.5K | $69.6K | $2.3M | $2.0M | — | — |
| Total current assets | $101.7M | $26.7M | $14.1M | $53.9M | $22.9M | $23.6M | $35.5M | $26.2M | $14.2M | $9.4M |
| Total assets | $101.7M | $26.7M | $14.1M | $53.9M | $22.9M | $23.6M | $35.5M | $26.2M | $14.2M | $9.8M |
| Total liabilities | $78.4M | $5.7M | $2.7M | $23.1M | $6.5M | $11.8M | $18.6M | $15.6M | $4.0M | $827.8K |
| Total equity | $23.3M | $21.0M | $11.4M | $30.8M | $16.5M | $11.8M | $16.8M | — | — | — |
Cash flow
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $93.9M | $14.6M | $13.9M | $62.8M | $20.8M | $34.6M | $45.5M | $29.5M | $12.6M | $8.2M |
| Investing cash flow | — | — | — | $9.9M | $3.4M | $18.8M | -$8.3M | -$23.3M | $5.7M | -$5.4M |
| Dividends paid | $4.6M | $4.6M | $47.6M | $37.5M | $21.9M | $44.1M | $36.6M | $19.5M | $7.2M | $8.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001558370-25-005426.
Others in SIC 6795
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| RGLD | ROYAL GOLD INC | $22.21B | 39.2x | 43.2% |
| SSRM | SSR MINING INC. | $7.58B | 20.1x | 62.4% |
| SRL | Scully Royalty Ltd. | — | — | — |
| TFPM | Triple Flag Precious Metals Corp. | — | — | 44.5% |
| VMET | Versamet Royalties Corp | — | — | — |