Mesabi Trust (MSB) vs National Steel Company (SID)

Mesabi Trust and National Steel Company are both Steel companies. National Steel Company is the larger, with a market value of $1.5B against $236.7M — 6.5× the size. National Steel Company has negative trailing earnings, so its P/E is not meaningful; Mesabi Trust trades at 36.3×. National Steel Company grew revenue faster over the last twelve months: 9.26% against −87.6%. Mesabi Trust has the higher net margin (54.5% vs −5.61%) and the higher return on invested capital (3,629.0% vs 3.18%). Only Mesabi Trust pays a dividend (4.98%). Across the 21 metrics below, Mesabi Trust leads on 13 and National Steel Company on 8.

Valuation

Metric MSB SID Steel median
P/E 36.28 n/m 20.82
P/S 19.70 0.17 0.73
P/B 13.34 0.49 1.24
Price to free cash flow 26.87 n/m 25.52
EV/EBITDA 18.24 6.67 9.90
EV/Sales 18.24 1.08 0.91
Earnings yield 2.76% (30.63%) 4.44%
Free cash flow yield 3.72% (85.55%) 0.00%

Profitability

Metric MSB SID Steel median
Gross margin 100.00% 27.75% 13.91%
Operating margin 73.89% 6.41% 4.77%
Net margin 54.47% (5.61%) 3.40%
Free cash flow margin 73.32% (13.90%) 0.00%
Return on equity 32.13% (15.97%) 2.21%
Return on assets 29.07% (2.54%) 1.83%
Return on invested capital 3,628.96% 3.18% 2.52%

Growth

Metric MSB SID Steel median
Revenue growth (TTM) (87.62%) 9.26% 15.09%
EPS growth (last fiscal year) (85.09%) 25.00% (18.80%)
Revenue growth, 5-year CAGR (7.55%) 6.59% 6.73%
Net income growth, 5-year CAGR (9.94%) 0.00% 0.00%

Health

Metric MSB SID Steel median
Debt to equity 0.00 3.50 0.25
Current ratio 8.81 1.15 2.58
Net debt to EBITDA (1.61) 4.48 0.10

Dividend

Metric MSB SID Steel median
Dividend yield 4.98% 0.00% 1.30%
Payout ratio 1.81 — 0.48

Size

Metric MSB SID Steel median
Market cap 236.69m 1.53b 1.53b

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