Mesabi Trust (MSB) vs Metallus Inc. (MTUS)

Mesabi Trust and Metallus Inc. are both Steel companies. Metallus Inc. is the larger, with a market value of $785.1M against $254.4M — 3.1× the size. Mesabi Trust trades at the lower P/E: 38.8× against 99.2×. Metallus Inc. grew revenue faster over the last twelve months: 16.1% against −87.6%. Mesabi Trust has the higher net margin (54.5% vs 0.66%) and the higher return on invested capital (3,629.0% vs 0.82%). Across the 20 metrics below, Mesabi Trust leads on 12 and Metallus Inc. on 8.

Valuation

Metric MSB MTUS Steel median
P/E 38.80 99.16 21.10
P/S 21.06 0.64 0.70
P/B 14.26 1.13 1.39
Price to free cash flow 28.73 n/m 23.71
EV/EBITDA 19.60 10.71 10.71
EV/Sales 19.60 0.56 0.85
Earnings yield 2.58% 1.01% 4.56%
Free cash flow yield 3.48% (12.45%) 0.00%

Profitability

Metric MSB MTUS Steel median
Gross margin 100.00% 8.20% 13.91%
Operating margin 73.89% 0.63% 4.77%
Net margin 54.47% 0.66% 3.40%
Free cash flow margin 73.32% (7.98%) 0.00%
Return on equity 32.13% 1.17% 2.21%
Return on assets 29.07% 0.72% 1.83%
Return on invested capital 3,628.96% 0.82% 2.52%

Growth

Metric MSB MTUS Steel median
Revenue growth (TTM) (87.62%) 16.12% 11.33%
EPS growth (last fiscal year) (85.09%) (200.00%) —
Revenue growth, 5-year CAGR (7.55%) 6.87% 6.73%
Net income growth, 5-year CAGR (9.94%) 0.00% 0.00%

Health

Metric MSB MTUS Steel median
Debt to equity 0.00 0.00 0.22
Current ratio 8.81 1.75 2.58
Net debt to EBITDA (1.61) (2.90) 0.10

Dividend

Metric MSB MTUS Steel median
Dividend yield 3.89% — 2.48%
Payout ratio 0.00 0.00 0.04

Size

Metric MSB MTUS Steel median
Market cap 254.40m 785.05m 1.46b

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