Forensic Analysis · General / Diversified · as of Jun 28, 2026
MESABI TRUST (MSB)
A forensic read on MESABI TRUST built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
A · High-quality compounder
Forensic grade
Watch
Earnings quality
3
Forensic signals
28.7
P / E (ttm)
54.8%
ROE
$325M
Market cap
3.94%
Dividend yield
MESABI TRUST earns a A (High-quality compounder) forensic quality grade. 3 forensic signals were flagged in its latest SEC filings, led by accruals ratio.
What the filings flag
+10.6%Accruals ratio. Net operating assets grew +10.6% relative to their average in FY2025 — the accrual component of earnings. Accruals are building faster than is comfortable — part of profit sits in receivables, inventory or capitalized costs rather than cash. The cash-flow cross-check agrees: reported earnings ran in line with operating cash by -3% of net operating assets.
+0.0%/yrShare-count dilution. Diluted share count changed +0% over the last 3 years to FY2015 (+0.0%/yr). Roughly flat — buybacks are about offsetting stock comp, not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.
-90%Dividend — cut. The payout was CUT ~90% in FY2024 (from FY2023). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin94.6%
Latest Revenue$98.6M
Return on Equity399.8%
Revenue Growth YoY+331.3%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on MESABI TRUST:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about MSB's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown
🔒Peer comparison + filing-change monitoring & alerts
No credit card · informational only, not investment advice · see the track record
← Browse all forensic stock analyses
Data from SEC EDGAR public filings · metrics as of Jun 28, 2026. Forensic signals flag probability, not certainty.