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MORN

MORN - Morningstar Inc Stock Price, Fair Value and News

298.05USD+5.67 (+1.94%)Market Closed

Market Summary

MORN
USD298.05+5.67
Market Closed
1.94%

MORN Alerts

  • 2 major insider sales recently.

MORN Stock Price

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MORN RSI Chart

MORN Valuation

Market Cap

12.7B

Price/Earnings (Trailing)

90.26

Price/Sales (Trailing)

6.25

EV/EBITDA

29.18

Price/Free Cashflow

64.55

MORN Price/Sales (Trailing)

MORN Profitability

Operating Margin

91.98%

EBT Margin

8.90%

Return on Equity

10.63%

Return on Assets

4.15%

Free Cashflow Yield

1.55%

MORN Fundamentals

MORN Revenue

Revenue (TTM)

2.0B

Rev. Growth (Yr)

13.41%

Rev. Growth (Qtr)

4.5%

MORN Earnings

Earnings (TTM)

141.1M

Earnings Growth (Yr)

2.1K%

Earnings Growth (Qtr)

87.98%

Breaking Down MORN Revenue

Last 7 days

-2.5%

Last 30 days

-2.3%

Last 90 days

7.0%

Trailing 12 Months

43.2%

How does MORN drawdown profile look like?

MORN Financial Health

Current Ratio

0.93

Debt/Equity

0.77

Debt/Cashflow

0.31

MORN Investor Care

Dividend Yield

0.52%

Dividend/Share (TTM)

1.54

Shares Dilution (1Y)

0.58%

Diluted EPS (TTM)

3.29

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20231.9B1.9B2.0B2.0B
20221.8B1.8B1.9B1.9B
20211.5B1.5B1.6B1.7B
20201.2B1.3B1.3B1.4B
20191.0B1.1B1.1B1.2B
2018945.7M968.9M1.0B1.0B
2017816.0M847.0M880.8M911.7M
2016791.1M787.2M788.0M798.6M
2015768.7M781.4M783.6M788.8M
2014710.6M724.6M744.2M760.1M
2013666.4M675.8M688.4M698.3M
2012640.4M645.3M646.3M658.3M
2011578.8M603.7M624.0M631.4M
2010490.6M507.1M526.8M555.4M
20090494.6M486.8M479.0M
2008000502.5M
GRUFITY'S FAIR VALUE MODEL

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PurpleZone


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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

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Tracking the Latest Insider Buys and Sells of Morningstar Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 12, 2024
mansueto joseph d
sold
-2,650,790
307
-8,614
executive chairman
Mar 11, 2024
mansueto joseph d
sold
-399,072
307
-1,297
executive chairman
Mar 11, 2024
kaplan steven n
sold
-383,516
306
-1,250
-
Mar 08, 2024
mansueto joseph d
sold
-1,454,250
311
-4,675
executive chairman
Mar 07, 2024
mansueto joseph d
sold
-2,659,950
311
-8,533
executive chairman
Mar 06, 2024
mansueto joseph d
sold
-3,085,890
309
-9,982
executive chairman
Mar 05, 2024
mansueto joseph d
sold
-3,559,460
303
-11,717
executive chairman
Mar 04, 2024
mansueto joseph d
sold
-2,989,600
303
-9,861
executive chairman
Mar 01, 2024
mansueto joseph d
sold
-1,797,720
298
-6,025
executive chairman
Feb 29, 2024
mansueto joseph d
sold
-1,313,430
298
-4,398
executive chairman

1–10 of 50

Which funds bought or sold MORN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 18, 2024
BARLOW WEALTH PARTNERS, INC.
added
3.17
935,203
10,068,000
1.37%
Apr 18, 2024
STATE OF MICHIGAN RETIREMENT SYSTEM
added
3.23
198,880
1,973,570
0.01%
Apr 18, 2024
WASATCH ADVISORS LP
added
5.27
20,500,900
173,334,000
0.91%
Apr 18, 2024
WOLFF WIESE MAGANA LLC
unchanged
-
863
12,027
0.01%
Apr 18, 2024
Congress Wealth Management LLC / DE /
new
-
2,440,750
2,440,750
0.04%
Apr 18, 2024
SJS Investment Consulting Inc.
unchanged
-
133
1,851
-%
Apr 18, 2024
Capital Advisors, Ltd. LLC
unchanged
-
2,000
22,000
-%
Apr 18, 2024
Allspring Global Investments Holdings, LLC
added
2.13
8,194,240
89,886,800
0.14%
Apr 18, 2024
FARMERS & MERCHANTS INVESTMENTS INC
unchanged
-
177
2,467
-%
Apr 17, 2024
PLANNING ALTERNATIVES LTD /ADV
unchanged
-
48,796
679,956
0.11%

1–10 of 50

Are Funds Buying or Selling MORN?

Are funds buying MORN calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own MORN
No. of Funds

Unveiling Morningstar Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2024
select equity group, l.p.
7.0%
2,984,115
SC 13G/A
Feb 13, 2024
vanguard group inc
6.03%
2,576,670
SC 13G/A
Feb 13, 2024
bank of america corp /de/
2.8%
1,195,926
SC 13G/A
Feb 06, 2024
mansueto joseph d
37.4%
15,979,659
SC 13G/A
Jan 29, 2024
blackrock inc.
5.6%
2,391,977
SC 13G
Feb 14, 2023
select equity group, l.p.
9.3%
3,945,781
SC 13G/A
Feb 14, 2023
bank of america corp /de/
5.3%
2,266,725
SC 13G
Feb 13, 2023
mansueto joseph d
39.52%
16,787,823
SC 13G/A
Feb 09, 2023
vanguard group inc
5.83%
2,474,633
SC 13G/A
Feb 14, 2022
select equity group, l.p.
11.3%
4,850,288
SC 13G/A

Recent SEC filings of Morningstar Inc

View All Filings
Date Filed Form Type Document
Mar 28, 2024
ARS
ARS
Mar 28, 2024
DEF 14A
DEF 14A
Mar 28, 2024
DEFA14A
DEFA14A
Mar 22, 2024
8-K
Current Report
Mar 18, 2024
3
Insider Trading
Mar 15, 2024
8-K
Current Report
Mar 14, 2024
4
Insider Trading
Mar 12, 2024
4
Insider Trading
Mar 12, 2024
4
Insider Trading
Mar 11, 2024
144
Notice of Insider Sale Intent

Peers (Alternatives to Morningstar Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
131.5B
68.5B
1.90% 19.28%
15.45
1.92
136.06% -24.38%
76.5B
5.6B
-0.27% 11.92%
23.71
13.61
-0.62% 19.89%
75.1B
9.9B
-3.59% 21.76%
31.73
7.59
2.77% 63.76%
49.7B
3.1B
-17.89% 248.64%
524.25
16
-2.69% 103.61%
16.6B
2.2B
-10.99% 4.21%
33.83
7.69
7.26% 9.28%
11.7B
6.2B
2.57% 36.31%
4.17
1.88
131.94% 52.66%
MID-CAP
8.9B
8.2B
-5.91% 34.53%
34.09
1.09
17.04% -76.58%
7.9B
1.8B
-0.30% 32.14%
30.7
4.32
0.16% -0.33%
7.1B
2.4B
-2.96% 51.37%
27.81
2.91
-12.10% -46.39%
3.9B
1.4B
-9.70% -10.04%
11.64
2.79
96.15% 398.80%
3.4B
214.4M
-15.06% 341.03%
-41.72
15.89
75.40% 19.03%
SMALL-CAP
1.8B
797.2M
-0.03% 38.82%
21.99
2.27
-4.37% -19.80%
867.8M
10.0B
31.93% 6.84%
7.86
0.09
24.24% -27.96%
12.0M
83.0M
-16.84% -5.22%
-2.04
0.14
15.07% 81.87%
7.7M
5.3M
-15.69% -96.37%
-0.24
2.43
-44.67% -104.26%

Morningstar Inc News

Latest updates
MarketBeat17 Apr 202405:51 am
Morningstar15 Apr 202408:03 pm
Morningstar18 Mar 202407:00 am
Morningstar11 Mar 202407:00 am
Morningstar05 Mar 202408:00 am

Morningstar Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue4.5%539516505480475468470457462429415393380357328324332314274259263
Costs and Expenses-0.3%444446463455440446417401387361368326315313267280293264223209213
  S&GA Expenses-5.6%10010611010894.0090.0092.0081.0074.0073.0067.0062.0056.0053.0047.0051.0048.0044.0046.0040.0035.00
EBITDA Margin15.1%0.21*0.18*0.15*0.15*0.17*0.19*0.22*0.23*0.24*0.27*0.29*0.32*---------
Interest Expenses20.4%17.0014.0016.0012.0011.0011.004.003.002.003.003.003.003.002.002.004.005.005.000.001.00-
Income Taxes-15.6%14.0017.00-6.208.0026.005.007.0017.0019.0016.0014.0014.0019.0017.0015.009.009.0013.0012.0012.006.00
Earnings Before Taxes57.3%90.0057.0032.002.0031.00-2.3039.0063.0074.0063.0046.0067.0093.0093.0064.0033.0036.0064.0053.0046.0048.00
EBT Margin44.4%0.09*0.06*0.03*0.04*0.07*0.09*0.13*0.14*0.15*0.17*0.19*0.22*---------
Net Income88.0%74.0039.0036.00-7.603.00-9.0030.0046.0057.0049.0033.0055.0076.0076.0048.0024.0028.0049.0042.0033.0042.00
Net Income Margin92.8%0.07*0.04*0.01*0.01*0.04*0.07*0.10*0.10*0.11*0.13*0.16*0.18*---------
Free Cashflow6.3%108101-5.80-6.1067.0068.0037.00-4.5010692.0010942.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets1.8%3,4033,3443,4583,4513,4753,4153,4662,8692,8632,7442,7282,7122,6962,2922,3712,2831,5721,5521,4541,4401,427
  Current Assets7.6%816758807781811789818903888797--730581603561620587602584566
    Cash Equivalents4.0%338325343352377373380484484427388384423323334322384349369323307
  Net PPE1.7%208204206202199188183177172165--155150155152140143144145146
  Goodwill0.6%1,5791,5691,5851,5771,5721,5421,5791,2031,2071,209--1,2051,0131,0391,016473557557559561
Liabilities-1.2%2,0762,1002,2222,2462,2682,2362,2251,5181,4471,3591,3811,4031,4251,2591,2871,241569583519512556
  Current Liabilities8.8%881810815844883806801721784693--627456496432381373363321331
  Short Term Borrowings-100.0%-32.0032.0032.0032.0032.0029.00------11.0011.00------
  Long Term Debt-100.0%-1,0231,1211,0991,0781,1261,147504359374--449519502------
Shareholder's Equity6.7%1,3281,2441,2361,2051,2071,1791,2411,3521,4161,3861,3501,3211,2711,0331,0841,0421,003968935928871
  Retained Earnings3.6%1,6111,5551,5321,5111,5351,5631,5721,5571,5271,499--1,3891,2291,2181,2151,1661,1361,1151,0951,038
  Additional Paid-In Capital0.8%789783775772758739725715689686--671657655647640634622616612
Accumulated Depreciation-100.0%-691667590611590569550529514472472452395377401383370352333316
Shares Outstanding0.1%43.0043.0043.0043.0042.0043.0043.0043.0043.0043.0043.0043.00---------
Float---5,100---6,000---6,200-----2,900---2,400
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations5.4%137,800130,70024,50023,400103,500102,10068,70023,500135,900122,600127,20064,200114,60093,400127,60048,70082,500105,70087,20059,000105,300
  Share Based Compensation-24.5%11,10014,70014,80012,20025,10022,10022,10013,90010,90011,10011,8008,1009,1009,90010,3007,30011,10010,80012,50010,0007,800
Cashflow From Investing-54.0%-32,800-21,300-27,100-700-38,300-36,000-691,300-33,700-42,300-56,200-35,800-33,400900-67,500-37,700-19,500-30,000-678,300-18,500-19,500-10,900
Cashflow From Financing13.9%-103,400-120,100-6,100-48,800-76,700-57,100537,10011,800-36,300-20,200-89,300-66,000-57,600-34,000-63,700-26,900-49,600517,500-33,500-60,700-43,600
  Dividend Payments0%16,00016,00016,00015,90015,30015,30015,40015,50013,60013,60013,50013,50012,80012,90012,80012,90011,90012,00012,00011,90010,700
  Buy Backs---1,400-8,30015,20091,900110,6001,200100--4,30017,600-20,000---4,90010,100

MORN Income Statement

2023-12-31
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue$ 2,038.6$ 1,870.6$ 1,699.3
Operating expense:   
Cost of revenue843.5779.3698.4
Sales and marketing423.8356.5274.8
General and administrative355.8400.4318.4
Depreciation and amortization184.9166.6150.7
Total operating expense1,808.01,702.81,442.3
Operating income230.6167.8257.0
Non-operating loss, net:   
Interest expense, net(51.7)(28.4)(8.7)
Realized gain (loss) on sale of investments, reclassified from other comprehensive income2.9(2.1)5.0
Realized gain on sale of equity method investments0.00.00.9
Expense from equity method transaction, net(11.8)0.00.0
Other income (loss), net11.5(6.7)(3.7)
Non-operating loss, net(49.1)(37.2)(6.5)
Income before income taxes and equity in investments of unconsolidated entities181.5130.6250.5
Equity in investments of unconsolidated entities(7.4)(3.6)5.4
Income tax expense33.056.562.6
Consolidated net income$ 141.1$ 70.5$ 193.3
Net income per share:   
Basic net income per share (in dollars per share)$ 3.31$ 1.65$ 4.50
Diluted net income per share (in dollars per share)3.291.644.45
Dividends per common share:   
Dividends declared per common share (in dollars per share)1.531.461.31
Dividends paid per common share (in dollars per share)$ 1.50$ 1.44$ 1.26
Weighted average shares outstanding:   
Basic (in shares)42.642.643.0
Diluted (in shares)42.942.943.4

MORN Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 337.9$ 376.6
Investments51.138.0
Accounts receivable, less allowance for credit losses of $5.6 million and $6.6 million, respectively343.9307.9
Income tax receivable0.60.0
Deferred commissions41.940.7
Prepaid expenses34.936.7
Other current assets5.410.9
Total current assets815.7810.8
Goodwill1,578.81,571.7
Intangible assets, net484.4548.6
Property, equipment, and capitalized software, net207.7199.4
Operating lease assets163.9191.6
Investments in unconsolidated entities100.296.0
Deferred tax asset, net14.610.8
Deferred commissions29.335.4
Other assets8.810.5
Total assets3,403.43,474.8
Current liabilities:  
Deferred revenue517.7455.6
Accrued compensation214.4220.1
Accounts payable and accrued liabilities78.476.2
Current portion of long-term debt32.132.1
Operating lease liabilities36.437.3
Contingent consideration liability0.050.0
Other current liabilities1.811.2
Total current liabilities880.8882.5
Operating lease liabilities151.4176.7
Accrued compensation23.720.7
Deferred tax liabilities, net35.662.9
Long-term debt940.31,077.5
Deferred revenue26.333.5
Other long-term liabilities17.513.9
Total liabilities2,075.62,267.7
Morningstar, Inc. shareholders’ equity:  
Common stock, no par value, 200,000,000 shares authorized, of which 42,728,182 and 42,480,051 shares were outstanding as of December 31, 2023 and December 31, 2022, respectively0.00.0
Treasury stock at cost, 11,987,495 and 11,991,517 shares as of December 31, 2023 and December 31, 2022 respectively(985.5)(986.7)
Additional paid-in capital789.0757.8
Retained earnings1,610.81,535.0
Accumulated other comprehensive loss:  
Currency translation adjustment(86.4)(99.0)
Unrealized gain on available-for-sale investments, net of tax(0.1)0.0
Total accumulated other comprehensive loss(86.5)(99.0)
Total equity1,327.81,207.1
Total liabilities and equity$ 3,403.4$ 3,474.8
MORN
Morningstar, Inc. provides independent investment insights in the United States, Canada, Asia, Australia, Europe, the United Kingdom, and internationally. The company provides investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index; environmental, social, and governance (ESG) rating, as well as indexes directly on its proprietary desktop or web-based software platforms, or through subscriptions, data feeds, and third-party distributors; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, private credit, and bank loans. It also provides Morningstar Data that offers data and research to asset managers, redistributors, and wealth managers; Morningstar Direct, an investment-analysis platform; Morningstar Managed Portfolios, an advisor service to reduce compliance risk, as well as offers asset-allocation services; Morningstar Advisor Workstation, a web-based research, investment planning, and portfolio analysis platform; and Morningstar.com, a data, editorial, and research content product, as well as Morningstar Office. In addition, the company offers Morningstar Enterprise Components; Morningstar Indexes for creating investment products and other portfolios; Morningstar workplace solutions, such as retirement accounts, fiduciary services, allocation funds, and custom models; and PitchBook Platform, research and analysis workstation for investment and research professionals. Further, it provides Morningstar Research; DBRS Morningstar; and Morningstar Sustainalytics, as well as a mobile application, CRM integrations, excel plug-in, data feeds, and data solutions through PitchBook. The company serves financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors, as well as issuers of securities. Morningstar, Inc. was incorporated in 1984 and is based in Chicago, Illinois.
 CEO
 WEBSITEmorningstar.com
 INDUSTRYMortgage Finance
 EMPLOYEES12126

Morningstar Inc Frequently Asked Questions


What is the ticker symbol for Morningstar Inc? What does MORN stand for in stocks?

MORN is the stock ticker symbol of Morningstar Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Morningstar Inc (MORN)?

As of Fri Apr 19 2024, market cap of Morningstar Inc is 12.74 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MORN stock?

You can check MORN's fair value in chart for subscribers.

What is the fair value of MORN stock?

You can check MORN's fair value in chart for subscribers. The fair value of Morningstar Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Morningstar Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MORN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Morningstar Inc a good stock to buy?

The fair value guage provides a quick view whether MORN is over valued or under valued. Whether Morningstar Inc is cheap or expensive depends on the assumptions which impact Morningstar Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MORN.

What is Morningstar Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 19 2024, MORN's PE ratio (Price to Earnings) is 90.26 and Price to Sales (PS) ratio is 6.25. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MORN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Morningstar Inc's stock?

In the past 10 years, Morningstar Inc has provided 0.154 (multiply by 100 for percentage) rate of return.