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Morningstar Inc Stock Research

MORN

241.44USD+4.56(+1.93%)Market Closed

Market Summary

USD241.44+4.56
Market Closed
1.93%

MORN Alerts

MORN Stock Price

MORN RSI Chart

MORN Valuation

Market Cap

10.3B

Price/Earnings (Trailing)

82.9

Price/Sales (Trailing)

5.52

EV/EBITDA

31.06

Price/Free Cashflow

49.63

MORN Price/Sales (Trailing)

MORN Profitability

EBT Margin

9.38%

Return on Equity

10.49%

Return on Assets

3.62%

Free Cashflow Yield

2.01%

MORN Fundamentals

MORN Revenue

Revenue (TTM)

1.9B

Revenue Y/Y

9.16%

Revenue Q/Q

-0.47%

MORN Earnings

Earnings (TTM)

123.7M

Earnings Y/Y

-118.37%

Earnings Q/Q

-129.9%

Price Action

52 Week Range

207.11298.51
(Low)(High)

Last 7 days

0.3%

Last 30 days

15.2%

Last 90 days

3.1%

Trailing 12 Months

-8.5%

MORN Financial Health

Current Ratio

0.98

Debt/Equity

0.95

Debt/Cashflow

0.29

MORN Investor Care

Dividend Yield

0.58%

Dividend/Share (TTM)

1.4

Buy Backs (1Y)

1.46%

Diluted EPS (TTM)

2.84

Peers (Alternatives to Morningstar)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
68.0B
12.6B
32.84% -15.74%
26.26
5.4
-38.48% -50.30%
44.6B
7.2B
10.72% -30.31%
-106.97
6.15
-48.93% -107.37%
33.8B
-
13.10% 15.34%
10.39
2.44
6.62% 23.70%
15.3B
8.3B
18.79% 1.50%
11.88
1.85
-1.78% -29.45%
MID-CAP
8.3B
-
2.35% -11.79%
9.02
1.05
2.53% -21.61%
6.4B
2.5B
7.50% 21.24%
11.73
2.58
9.09% 8.59%
6.2B
1.2B
10.61% -4.48%
26.59
5.27
-39.99% -44.40%
5.0B
3.1B
17.30% 12.82%
7.91
1.63
-1.79% -4.92%
4.3B
2.4B
11.36% -23.48%
13.4
1.79
-12.52% -53.48%
3.8B
3.1B
17.84% 2.83%
7.26
1.22
-0.74% 3.54%
SMALL-CAP
2.0B
597.8M
16.04% 14.93%
21.72
3.27
20.12% 2505.47%
570.3M
162.6M
6.10% 11.13%
13.09
3.51
-6.65% -38.27%
506.5M
40.4M
6.98% 3.46%
27.82
12.54
1.01% -33.76%
233.1M
554.5M
12.43% -49.38%
92.91
0.42
-42.93% -98.83%
161.6M
197.7M
0.84% -7.62%
4
0.82
5.01% -33.91%

Financials for Morningstar

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue2.2%1,8581,8191,7641,6991,618
  S&GA Expenses5.3%336320294275257
Costs and Expenses5.4%1,6511,5661,5171,4421,370
EBITDA-12.6%354406408--
EBITDA Margin-14.5%0.19*0.22*0.23*--
Earnings Before Taxes-27.3%174240246251270
EBT Margin-28.9%0.09*0.13*0.14*--
Interest Expenses69.5%2012101012
Net Income-31.9%124182185193213
Net Income Margin-33.4%0.07*0.10*0.10*--
Free Cahsflow-10.4%207231302--
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-1.5%3,4153,4662,8692,8632,744
  Current Assets-3.6%789818903888797
    Cash Equivalents-2.0%373380484484427
  Net PPE2.8%188183177172165
  Goodwill-2.3%1,5421,5791,2031,2071,209
Liabilities0.5%2,2362,2251,5181,4471,359
  Current Liabilities0.6%806801721784693
.    Short Term Borrowings9.2%3229---
  Long Term Debt-1.9%1,1261,147504359374
    LT Debt, Non Current-1.6%1,1581,176504359374
Shareholder's Equity-5.0%1,1791,2411,3521,4161,386
  Retained Earnings-0.6%1,5631,5721,5571,5271,499
  Additional Paid-In Capital2.0%739725715689686
Accumulated Depreciation3.7%590569550529514
Shares Outstanding0.0%4242434343
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-5.8%330351409450429
  Share Based Compensation19.0%6958484240
Cashflow From Investing2.5%-803.30-823.50-168.00-167.70-124.50
Cashflow From Financing-4.0%879916290212-233.10
  Dividend Payments2.9%6058565453
  Buy Backs7.4%21920411214

Risks for MORN

What is the probability of a big loss on MORN?

56.5%


Probability that Morningstar stock will be more than 20% underwater in next one year

30%


Probability that Morningstar stock will be more than 30% underwater in next one year.

0%


Probability that Morningstar stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MORN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Morningstar was unfortunately bought at previous high price.

Drawdowns

Returns for MORN

Cumulative Returns on MORN

14.6%


10-Year Cumulative Returns

17.9%


7-Year Cumulative Returns

20.3%


5-Year Cumulative Returns

15.9%


3-Year Cumulative Returns

What are the long-term rolling returns for MORN?

FIve years rolling returns for Morningstar.

Annualized Returns

Which funds bought or sold MORN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-01-26
Yorktown Management & Research Co Inc
unchanged
-
19,973
1,017,970
1.25%
2023-01-26
BAKER TILLY WEALTH MANAGEMENT, LLC
reduced
-5.39
-28,479
787,521
0.10%
2023-01-26
Riverview Trust Co
new
-
12,000
12,000
0.01%
2023-01-26
Vigilant Capital Management, LLC
unchanged
-
-
4,000
-%
2023-01-26
CENTRAL TRUST Co
unchanged
-
157
28,157
-%
2023-01-25
Bard Financial Services, Inc.
unchanged
-
5,000
217,000
0.02%
2023-01-25
Hanlon Investment Management, Inc.
unchanged
-
8,180
433,180
0.15%
2023-01-25
Lindbrook Capital, LLC
new
-
866
866
-%
2023-01-25
Versant Capital Management, Inc
unchanged
-
968
43,968
0.02%
2023-01-25
FIFTH THIRD BANCORP
reduced
-11.19
-2,493
27,507
-%

1–10 of 50

Latest Funds Activity

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

Morningstar News

MarketBeat

Asset Management One Co. Ltd. Acquires 803 Shares of ....

MarketBeat,
18 hours ago

Yahoo Finance

Marketscreener.com

Schedule 13G FIlings of Morningstar

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2022
select equity group, l.p.
11.3%
4,850,288
SC 13G/A
Feb 14, 2022
mansueto joseph d
41.61%
17,948,123
SC 13G/A
Nov 09, 2021
select equity group, l.p.
10.2%
4,394,941
SC 13G/A
Feb 12, 2021
select equity group, l.p.
5.22%
2,235,950
SC 13G
Feb 10, 2021
mansueto joseph d
45.55%
19,538,844
SC 13G/A
Feb 06, 2020
mansueto joseph d
49.62%
21,261,479
SC 13G/A

MORN Fair Value

Recent SEC filings of Morningstar

View All Filings
Date Filed Form Type Document
Jan 24, 2023
8-K
Current Report
Jan 04, 2023
4
Insider Trading
Jan 03, 2023
4
Insider Trading
Dec 29, 2022
4
Insider Trading
Dec 27, 2022
4
Insider Trading
Dec 23, 2022
4
Insider Trading
Dec 22, 2022
4
Insider Trading
Dec 22, 2022
8-K
Current Report
Dec 21, 2022
4
Insider Trading
Dec 15, 2022
4
Insider Trading

Latest Insider Trading transactions for MORN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-03
Mansueto Joseph D
sold
-622,854
217.857
-2,859
executive chairman
2022-12-29
Mansueto Joseph D
sold
-2,087,450
217.442
-9,600
executive chairman
2022-12-28
Mansueto Joseph D
sold
-1,087,590
212.42
-5,120
executive chairman
2022-12-27
Mansueto Joseph D
sold
-927,817
212.949
-4,357
executive chairman
2022-12-23
Mansueto Joseph D
sold
-301,337
214.322
-1,406
executive chairman
2022-12-22
Mansueto Joseph D
sold
-1,366,100
214.694
-6,363
executive chairman
2022-12-21
Mansueto Joseph D
sold
-3,106,040
214.209
-14,500
executive chairman
2022-12-20
Mansueto Joseph D
sold
-598,008
213.574
-2,800
executive chairman
2022-12-19
Mansueto Joseph D
sold
-3,109,220
214.429
-14,500
executive chairman
2022-12-14
Mansueto Joseph D
sold
-293,553
232.978
-1,260
executive chairman

1–10 of 50

Kunal Kapoor
9560
Morningstar, Inc. provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors. It also provides Morningstar Data, an investment data spanning various databases, including equity fundamentals, managed investments, ESG factors, and market data; Morningstar Direct, an investment-analysis platform; Morningstar Managed Portfolios, an advisor service consisting of model portfolio that offers services for independent financial advisors, as well as offers asset allocation services for asset managers, broker/dealers, and insurance providers; Morningstar Advisor Workstation, a web-based research, financial planning, and proposal generation platform; and Morningstar.com, a website for individual investors. In addition, the company offers Morningstar Enterprise Components; Morningstar Credit Ratings that provides issuance and surveillance services for structured finance products and instruments; corporate credit estimates and operational risk assessment rankings; Morningstar Indexes for creating investment products; 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, its PitchBook provides a mobile application, excel plug-in, data feeds, and data solutions. The company was incorporated in 1984 and is headquartered in Chicago, Illinois.

MORN Income Statement

2022-09-30
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Revenue$ 468.2$ 428.9$ 1,395.6$ 1,237.1
Operating expense:    
Cost of revenue195.4183.1584.3508.8
Sales and marketing89.772.9262.9201.3
General and administrative116.967.0294.3232.5
Depreciation and amortization44.238.1121.8112.3
Total operating expense446.2361.11,263.31,054.9
Operating income22.067.8132.3182.2
Non-operating loss, net:    
Interest expense, net(10.5)(2.3)(17.3)(7.3)
Realized gains (losses) on sale of investments, reclassified from other comprehensive income0.01.2(2.1)4.1
Other loss, net(13.8)(3.5)(12.9)(2.7)
Non-operating loss, net(24.3)(4.6)(32.3)(5.9)
Income before income taxes and equity in net income (loss) of unconsolidated entities(2.3)63.2100.0176.3
Equity in net income (loss) of unconsolidated entities(1.3)1.9(2.7)4.6
Income tax expense5.416.130.144.1
Consolidated net income$ (9.0)$ 49.0$ 67.2$ 136.8
Net income per share:    
Basic (in dollars per share)$ (0.21)$ 1.14$ 1.57$ 3.18
Diluted (in dollars per share)(0.21)1.131.563.16
Dividends declared (in dollars per share)000.720.63
Dividends paid per common share (in dollars per share)$ 0.36$ 0.32$ 1.08$ 0.95
Weighted average shares outstanding:    
Basic (in shares)42.543.142.743.0
Diluted (in shares)42.743.443.043.3

MORN Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 372.7$ 483.8
Investments34.462.3
Accounts receivable, less allowance for credit losses of $5.4 million and $4.5 million, respectively284.5268.9
Income tax receivable9.58.9
Deferred commissions36.931.2
Prepaid expenses39.630.6
Other current assets11.21.9
Total current assets788.8887.6
Goodwill1,542.41,207.0
Intangible assets, net559.1328.2
Property, equipment, and capitalized software, less accumulated depreciation and amortization of $590.4 million and $529.2 million, respectively187.8171.8
Operating lease assets185.5149.2
Investments in unconsolidated entities96.963.3
Deferred tax asset, net11.512.8
Deferred commissions32.531.1
Other assets10.611.7
Total assets3,415.12,862.7
Current liabilities:  
Deferred revenue424.8377.4
Accrued compensation194.9273.7
Accounts payable and accrued liabilities67.176.5
Current portion of long-term debt32.10.0
Operating lease liabilities37.136.4
Contingent consideration liability46.417.3
Other current liabilities4.02.2
Total current liabilities806.4783.5
Operating lease liabilities162.5135.7
Accrued compensation19.116.3
Deferred tax liabilities, net72.5101.7
Long-term debt1,125.5359.4
Deferred revenue35.336.4
Other long-term liabilities14.813.8
Total liabilities2,236.11,446.8
Morningstar, Inc. shareholders’ equity:  
Common stock, no par value, 200,000,000 shares authorized, of which 42,472,580 and 43,136,273 shares were outstanding as of September 30, 2022 and December 31, 2021, respectively0.00.0
Treasury stock at cost, 11,969,583 and 11,124,021 shares as of September 30, 2022 and December 31, 2021, respectively(982.2)(764.3)
Additional paid-in capital738.9689.0
Retained earnings1,563.01,526.5
Accumulated other comprehensive loss:  
Currency translation adjustment(140.7)(40.8)
Unrealized gain on available-for-sale investments0.05.5
Total accumulated other comprehensive loss(140.7)(35.3)
Total equity1,179.01,415.9
Total liabilities and equity$ 3,415.1$ 2,862.7