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Morningstar Inc Stock Research

MORN

246.80USD-4.53(-1.80%)Delayedas of 21 Sep 2023, 01:12 pm
Watchlist

Market Summary

USD246.80-4.53
Delayedas of 21 Sep 2023, 01:12 pm
-1.80%

MORN Alerts

  • 2 major insider sales recently.

MORN Stock Price

MORN RSI Chart

MORN Valuation

Market Cap

10.7B

Price/Earnings (Trailing)

470.18

Price/Sales (Trailing)

5.56

EV/EBITDA

39.31

Price/Free Cashflow

86.52

MORN Price/Sales (Trailing)

MORN Profitability

EBT Margin

3.68%

Return on Equity

1.39%

Return on Assets

0.49%

Free Cashflow Yield

1.16%

MORN Fundamentals

MORN Revenue

Revenue (TTM)

1.9B

Revenue Y/Y

7.29%

Revenue Q/Q

5.21%

MORN Earnings

Earnings (TTM)

22.8M

Earnings Y/Y

19.93%

Earnings Q/Q

575%

Price Action

52 Week Range

163.28259.28
(Low)(High)

Last 7 days

1.0%

Last 30 days

17.0%

Last 90 days

27.8%

Trailing 12 Months

11.6%

MORN Financial Health

Current Ratio

0.93

Debt/Equity

0.91

Debt/Cashflow

0.27

MORN Investor Care

Dividend Yield

0.6%

Dividend/Share (TTM)

1.5

Shares Dilution (1Y)

0.13%

Diluted EPS (TTM)

0.53

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for MORN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-05
Landis Gail S
sold
-145,000
250
-580
-
2023-09-01
Mansueto Joseph D
sold
-2,680,130
235
-11,394
executive chairman
2023-08-31
Mansueto Joseph D
sold
-2,925,150
231
-12,650
executive chairman
2023-08-30
Mansueto Joseph D
sold
-2,340,610
226
-10,315
executive chairman
2023-08-29
Mansueto Joseph D
sold
-1,498,110
226
-6,615
executive chairman
2023-08-28
Mansueto Joseph D
sold
-2,847,130
225
-12,650
executive chairman
2023-08-25
Mansueto Joseph D
sold
-2,798,460
221
-12,650
executive chairman
2023-08-24
Mansueto Joseph D
sold
-2,073,480
220
-9,415
executive chairman
2023-08-23
Mansueto Joseph D
sold
-1,933,650
218
-8,835
executive chairman
2023-08-22
Mansueto Joseph D
sold
-1,897,030
215
-8,809
executive chairman

1–10 of 50

Which funds bought or sold MORN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
-97.00
2,745
-%
2023-09-01
Portside Wealth Group, LLC
new
-
855,646
855,646
0.16%
2023-08-24
Alamar Capital Management, LLC
reduced
-28.03
-458,351
1,043,880
0.77%
2023-08-22
Asset Dedication, LLC
unchanged
-
-
3,000
-%
2023-08-21
BOKF, NA
reduced
-26.64
-26,219
63,723
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-1.86
-336,181
6,096,010
0.01%
2023-08-21
OSAIC HOLDINGS, INC.
reduced
-8.55
-95,424
721,611
-%
2023-08-16
GTS SECURITIES LLC
new
-
365,867
365,867
0.01%
2023-08-16
Nuveen Asset Management, LLC
reduced
-1.82
-885,010
16,185,000
0.01%
2023-08-15
GOLDMAN SACHS GROUP INC
added
1,022
134,322,000
147,975,000
0.03%

1–10 of 47

Latest Funds Activity

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

Schedule 13G FIlings of Morningstar

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
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

Recent SEC filings of Morningstar

View All Filings
Date Filed Form Type Document
Sep 15, 2023
8-K
Current Report
Sep 08, 2023
8-K
Current Report
Sep 07, 2023
4
Insider Trading
Sep 05, 2023
144
Notice of Insider Sale Intent
Sep 05, 2023
4
Insider Trading
Aug 31, 2023
4
Insider Trading
Aug 29, 2023
4
Insider Trading
Aug 25, 2023
4
Insider Trading
Aug 23, 2023
4
Insider Trading
Aug 21, 2023
4
Insider Trading

Peers (Alternatives to Morningstar)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
-
15.0B
3.59% 25.90%
-
-
9.38% -23.22%
81.5B
7.0B
15.62% 27.98%
65.35
11.71
-60.78% -68.72%
54.6B
11.1B
6.30% 34.23%
44.47
4.9
13.00% 26.39%
12.9B
7.8B
0.43% 6.93%
15.77
1.66
-8.39% -52.46%
MID-CAP
4.8B
2.1B
1.87% 10.46%
4.21
2.25
-13.32% 104.61%
2.0B
678.6M
-5.18% 35.10%
18.59
2.9
16.44% 46.62%
7.8B
5.8B
0.40% -7.01%
11.43
1.29
-13.83% -40.28%
6.9B
1.8B
7.59% 34.62%
28.19
3.82
48.44% -13.75%
5.4B
2.5B
5.76% 58.95%
15.69
2.16
-24.58% -51.56%
4.5B
2.0B
3.29% 18.74%
11.99
2.19
-20.30% -29.01%
2.9B
2.7B
0.64% -7.89%
1.5K
1.08
-13.59% -99.63%
SMALL-CAP
476.2M
140.6M
-5.61% -1.83%
9.71
3.39
-21.64% -14.24%
461.6M
39.5M
-8.56% -19.80%
25.55
11.63
-2.01% -17.48%
297.6M
391.0M
0.08% 27.51%
-18.65
0.76
-32.74% -176.48%

Morningstar News

InvestorPlace
3 Stealth AI Stocks That Everyone Is Overlooking.
InvestorPlace,
2 hours ago
Investor's Business Daily
Investor's Business Daily
S&P 500: Airbnb, Blackstone Rally On Invite.
Investor's Business Daily,
16 days ago

Returns for MORN

Cumulative Returns on MORN

13.2%


10-Year Cumulative Returns

18.7%


7-Year Cumulative Returns

14.5%


5-Year Cumulative Returns

17.5%


3-Year Cumulative Returns

Risks for MORN

What is the probability of a big loss on MORN?

69.2%


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

38.1%


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

Financials for Morningstar

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.8%1,9281,8931,8711,8581,8191,7641,6991,6181,5461,4581,3901,3421,2981,2441,1791,1091,0571,0351,0201,000969
Costs and Expenses2.6%1,8041,7571,7031,6511,5661,5171,4421,3701,3221,2201,1741,1521,1031,060989910842818804791772
  S&GA Expenses4.6%400383357336320294275257237217206199190189178165156150149148143
EBITDA-100.0%-281326354406408412429456470434375348328327------
EBITDA Margin-100.0%-0.15*0.17*0.19*0.22*0.23*0.24*0.27*0.29*0.32*0.31*0.28*0.27*0.26*0.28*------
Interest Expenses31.6%50.0038.0028.0020.0012.0010.0010.0012.0011.0011.0011.0012.0016.0014.0011.008.003.004.004.004.00-
Earnings Before Taxes-10.9%62.0070.00131174240246251270299317283225196186199211220222233226205
EBT Margin-100.0%-0.04*0.07*0.09*0.13*0.14*0.15*0.17*0.19*0.22*0.20*0.17*0.15*0.15*0.17*------
Net Income35.7%23.0017.0071.00124182185193213240256225176149143152167175174183180157
Net Income Margin-100.0%-0.01*0.04*0.07*0.10*0.10*0.11*0.13*0.16*0.18*0.16*0.13*0.11*0.11*0.13*------
Free Cashflow-100.0%-167168207231302348335313316308275289248254------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32020Q42020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q22018Q12017Q42017Q32017Q2
Assets0.2%3,4583,4513,4753,4153,4662,8692,8632,7442,6962,2922,3712,2831,5721,5521,4541,4401,4271,4371,4061,3841,376
  Current Assets3.3%807781811789818903888797730581603561620587602584566550530498507
    Cash Equivalents-2.5%343352377373380484484427423323334322384349369323307311308270-
  Net PPE2.0%206202199188183177172165155150155152140143144145146147147151154
  Goodwill0.5%1,5851,5771,5721,5421,5791,2031,2071,2091,2051,0131,0391,016473557557559561567565565562
Liabilities-1.1%2,2222,2462,2682,2362,2251,5181,4471,3591,4251,2591,2871,241569583519512556578601605637
  Current Liabilities-3.5%815844883806801721784693627456496432381373363321331327323295302
  Short Term Borrowings0%32.0032.0032.0032.0029.00----11.0011.00----------
  Long Term Debt2.0%1,1211,0991,0781,1261,147504359374449519502----------
Shareholder's Equity2.6%1,2361,2051,2071,1791,2411,3521,4161,3861,2711,0331,0841,0421,003968935928871858805779-
  Retained Earnings1.3%1,5321,5111,5351,5631,5721,5571,5271,4991,3891,2291,2181,2151,1661,1361,1151,0951,0381,007959940906
  Additional Paid-In Capital0.4%775772758739725715689686671657655647640634622616612608601595590
Accumulated Depreciation12.9%667590611590569550529514452395377401383370352333316300285263-
Shares Outstanding0.2%43.0043.0042.0042.0043.0043.0043.0043.0043.0043.0043.0043.0043.0043.0047.0043.0043.0043.0043.0043.00-
Minority Interest----------------------
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-14.8%254298298330351409450429399400384352365324334357331314315295278
  Share Based Compensation-9.0%74.0082.0083.0069.0058.0048.0042.0040.0039.0037.0037.0039.0040.0042.0044.0041.0038.0035.0032.0032.0030.00
Cashflow From Investing86.7%-102-766-799-803-823-168-167-124-135-137-123-154-765-746-746-727-61.90-62.10-49.90-50.30-72.30
Cashflow From Financing-153.2%-188355415456492-134-211-233-246-221-182-174377408374380-186-195-188-183-182
  Dividend Payments1.0%63.0062.0062.0060.0058.0056.0054.0053.0053.0052.0051.0051.0050.0049.0048.0047.0045.0044.0043.0042.0041.00
  Buy Backs-78.4%25.001152262192041121.004.006.006.0042.00-20.0020.005.0015.0015.0017.0021.0012.0025.00

MORN Income Statement

2023-06-30
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]    
Revenue$ 504.7$ 470.4$ 984.4$ 927.4
Operating expense:    
Cost of revenue216.4197.6435.2388.9
Sales and marketing109.591.8217.1173.2
General and administrative90.187.1174.1177.4
Depreciation and amortization47.040.091.877.6
Total operating expense463.0416.5918.2817.1
Operating income41.753.966.2110.3
Non-operating income (loss), net:    
Interest expense, net(14.1)(4.4)(27.4)(6.8)
Realized gain (loss) on sale of investments, reclassified from other comprehensive income0.3(3.1)0.5(2.1)
Expense from equity method transaction, net0.00.0(11.8)0.0
Other income (loss), net3.8(7.1)6.30.9
Non-operating income (loss), net(10.0)(14.6)(32.4)(8.0)
Income before income taxes and equity in investments of unconsolidated entities31.739.333.8102.3
Equity in investments of unconsolidated entities(1.8)(1.8)(3.1)(1.4)
Income tax expense(6.2)7.42.224.7
Consolidated net income$ 36.1$ 30.1$ 28.5$ 76.2
Net income per share:    
Basic (in dollars per share)$ 0.85$ 0.71$ 0.67$ 1.78
Diluted (in dollars per share)0.840.700.671.77
Dividends declared (in dollars per share)0.380.360.750.72
Dividends paid per common share (in dollars per share)$ 0.38$ 0.36$ 0.75$ 0.72
Weighted average shares outstanding:    
Basic (in shares)42.642.642.642.8
Diluted (in shares)42.842.942.843.1

MORN Balance Sheet

2023-06-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 343.3$ 376.6
Investments34.938.0
Accounts receivable, less allowance for credit losses of $5.7 million and $6.6 million, respectively321.8307.9
Income tax receivable15.10.0
Deferred commissions42.740.7
Prepaid expenses45.836.7
Other current assets3.710.9
Total current assets807.3810.8
Goodwill1,584.71,571.7
Intangible assets, net518.5548.6
Property, equipment, and capitalized software, less accumulated depreciation and amortization of $666.7 million and $610.7 million, respectively205.6199.4
Operating lease assets173.6191.6
Investments in unconsolidated entities114.896.0
Deferred tax asset, net11.510.8
Deferred commissions32.435.4
Other assets9.510.5
Total assets3,457.93,474.8
Current liabilities:  
Deferred revenue506.3455.6
Accrued compensation169.4220.1
Accounts payable and accrued liabilities69.076.2
Current portion of long-term debt32.132.1
Operating lease liabilities36.337.3
Contingent consideration liability0.050.0
Other current liabilities1.811.2
Total current liabilities814.9882.5
Operating lease liabilities160.3176.7
Accrued compensation23.220.7
Deferred tax liabilities, net58.262.9
Long-term debt1,121.41,077.5
Deferred revenue29.533.5
Other long-term liabilities14.813.9
Total liabilities2,222.32,267.7
Morningstar, Inc. shareholders’ equity:  
Common stock, no par value, 200,000,000 shares authorized, of which 42,653,561 and 42,480,051 shares were outstanding as of June 30, 2023 and December 31, 2022, respectively0.00.0
Treasury stock at cost, 11,993,210 and 11,991,517 shares as of June 30, 2023 and December 31, 2022, respectively(986.8)(986.7)
Additional paid-in capital775.0757.8
Retained earnings1,531.51,535.0
Accumulated other comprehensive loss:  
Currency translation adjustment(84.0)(99.0)
Unrealized gain on available-for-sale investments(0.1)0.0
Total accumulated other comprehensive loss(84.1)(99.0)
Total equity1,235.61,207.1
Total liabilities and equity$ 3,457.9$ 3,474.8
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.