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MORN

MORN - Morningstar Inc Stock Price, Fair Value and News

295.37USD-4.49 (-1.50%)Delayed as of 08 May 2024, 03:24 pm ET

Market Summary

MORN
USD295.37-4.49
Delayedas of 08 May 2024, 03:24 pm
-1.50%

MORN Alerts

  • 1 major insider sales recently.
  • Big jump in Earnings (Y/Y)

MORN Stock Price

View Fullscreen

MORN RSI Chart

MORN Valuation

Market Cap

12.8B

Price/Earnings (Trailing)

60.25

Price/Sales (Trailing)

6.1

EV/EBITDA

26.17

Price/Free Cashflow

48.79

MORN Price/Sales (Trailing)

MORN Profitability

Operating Margin

92.22%

EBT Margin

12.68%

Return on Equity

15.39%

Return on Assets

6.28%

Free Cashflow Yield

2.05%

MORN Fundamentals

MORN Revenue

Revenue (TTM)

2.1B

Rev. Growth (Yr)

13.15%

Rev. Growth (Qtr)

0.76%

MORN Earnings

Earnings (TTM)

212.9M

Earnings Growth (Yr)

944.74%

Earnings Growth (Qtr)

-12.65%

Breaking Down MORN Revenue

52 Week Range

185.15300.21
(Low)(High)

Last 7 days

6.2%

Last 30 days

-3.1%

Last 90 days

7.9%

Trailing 12 Months

60.3%

How does MORN drawdown profile look like?

MORN Financial Health

Current Ratio

0.98

Debt/Equity

0.66

Debt/Cashflow

0.42

MORN Investor Care

Dividend Yield

0.52%

Dividend/Share (TTM)

1.57

Shares Dilution (1Y)

0.46%

Diluted EPS (TTM)

4.96

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20242.1B000
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
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Tracking the Latest Insider Buys and Sells of Morningstar Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 06, 2024
mansueto joseph d
sold
-2,233,080
298
-7,486
executive chairman
May 03, 2024
mansueto joseph d
sold
-2,635,500
294
-8,954
executive chairman
May 02, 2024
mansueto joseph d
sold
-2,414,020
290
-8,321
executive chairman
May 01, 2024
mansueto joseph d
sold
-2,386,980
286
-8,325
executive chairman
Mar 12, 2024
mansueto joseph d
sold
-2,650,790
307
-8,614
executive chairman
Mar 11, 2024
kaplan steven n
sold
-383,516
306
-1,250
-
Mar 11, 2024
mansueto joseph d
sold
-399,072
307
-1,297
executive chairman
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

1–10 of 50

Which funds bought or sold MORN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 06, 2024
Envestnet Portfolio Solutions, Inc.
added
60.79
148,628
351,655
-%
May 06, 2024
GREAT VALLEY ADVISOR GROUP, INC.
new
-
216,626
216,626
0.01%
May 06, 2024
GEORGE KAISER FAMILY FOUNDATION
unchanged
-
169,029
2,355,330
0.45%
May 06, 2024
SG Americas Securities, LLC
added
506
3,448,000
4,071,000
0.02%
May 06, 2024
DUALITY ADVISERS, LP
reduced
-19.49
-537,719
3,515,730
0.35%
May 06, 2024
Mawer Investment Management Ltd.
sold off
-100
-2,500,590
-
-%
May 06, 2024
Advisory Services Network, LLC
reduced
-5.66
16,062
1,001,590
0.02%
May 06, 2024
Parallel Advisors, LLC
added
10.82
60,532
372,833
0.01%
May 06, 2024
Quantbot Technologies LP
added
80.48
1,035,480
2,132,070
0.12%
May 06, 2024
Bard Financial Services, Inc.
unchanged
-
22,130
308,370
0.03%

1–10 of 48

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
May 07, 2024
4
Insider Trading
May 03, 2024
4
Insider Trading
May 01, 2024
144
Notice of Insider Sale Intent
Apr 26, 2024
10-Q
Quarterly Report
Apr 25, 2024
8-K
Current Report
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

Peers (Alternatives to Morningstar Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
143.1B
67.8B
8.75% 35.92%
15.2
2.11
66.36% -10.82%
76.7B
9.7B
-2.99% 24.74%
30.93
7.89
0.75% 71.75%
74.8B
5.7B
-1.35% 12.14%
23.19
13.2
-1.46% 19.89%
52.0B
4.0B
-11.04% 268.86%
38.54
13.1
41.89% 159.36%
16.6B
2.2B
0.54% 8.15%
33.93
7.71
7.26% 9.28%
12.9B
6.1B
7.06% 54.42%
4.44
2.12
64.44% 33.59%
MID-CAP
9.7B
8.2B
4.15% 50.98%
33.44
1.18
17.04% -68.59%
8.6B
1.8B
2.92% 55.51%
33.32
4.69
0.16% -0.33%
7.4B
2.4B
-0.13% 79.36%
28.8
3.01
-12.10% -46.39%
4.2B
1.4B
1.89% -10.83%
12.6
3.02
96.15% 398.80%
3.3B
214.4M
5.96% 289.86%
-40.12
15.28
75.40% 19.03%
SMALL-CAP
1.8B
802.0M
3.31% 48.27%
18.49
2.3
-2.34% 8.49%
922.0M
10.0B
23.37% 10.15%
8.35
0.09
24.24% -27.96%
16.1M
92.7M
14.99% 37.47%
2.58
0.17
72.05% 185.64%
7.9M
3.2M
-18.39% -96.27%
-0.24
2.5
-44.67% -104.26%

Morningstar Inc News

Latest updates
MarketBeat • 03 May 2024 • 07:00 am
Morningstar • 22 Apr 2024 • 07:00 am
Morningstar • 15 Apr 2024 • 07:00 am
Morningstar • 08 Apr 2024 • 07:00 am
Morningstar • 25 Mar 2024 • 07:00 am
Morningstar • 18 Mar 2024 • 07:00 am
Morningstar • 11 Mar 2024 • 07:00 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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue0.8%543539516505480475468470457462429415393380357328324332314274259
Costs and Expenses1.3%450444446463455440446417401387361368326315313267280293264223209
  S&GA Expenses4.2%10510010611010894.0090.0092.0081.0074.0073.0067.0062.0056.0053.0047.0051.0048.0044.0046.0040.00
EBITDA Margin16.8%0.24*0.21*0.18*0.15*0.15*0.17*0.19*0.22*0.23*0.24*0.27*0.29*---------
Interest Expenses-30.3%12.0017.0014.0016.0012.0011.0011.004.003.002.003.003.003.003.002.002.004.005.005.000.001.00
Income Taxes51.1%21.0014.0017.00-6.208.0026.005.007.0017.0019.0016.0014.0014.0019.0017.0015.009.009.0013.0012.0012.00
Earnings Before Taxes-3.7%87.0090.0057.0032.002.0031.00-2.3039.0063.0074.0063.0046.0067.0093.0093.0064.0033.0036.0064.0053.0046.00
EBT Margin42.4%0.13*0.09*0.06*0.03*0.04*0.07*0.09*0.13*0.14*0.15*0.17*0.19*---------
Net Income-12.7%64.0074.0039.0036.00-7.603.00-9.0030.0046.0057.0049.0033.0055.0076.0076.0048.0024.0028.0049.0042.0033.00
Net Income Margin46.4%0.10*0.07*0.04*0.01*0.01*0.04*0.07*0.10*0.10*0.11*0.13*0.16*---------
Free Cashflow-44.8%60.00108101-5.80-6.1067.0068.0037.00-4.5010692.00109---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets-0.4%3,3893,4033,3443,4583,4513,4753,4153,4662,8692,8632,7442,7282,7122,6962,2922,3712,2831,5721,5521,4541,440
  Current Assets1.8%831816758807781811789818903888797--730581603561620587602584
    Cash Equivalents4.7%354338325343352377373380484484427388384423323334322384349369323
  Net PPE1.5%211208204206202199188183177172165--155150155152140143144145
  Goodwill-0.3%1,5741,5791,5691,5851,5771,5721,5421,5791,2031,2071,209--1,2051,0131,0391,016473557557559
Liabilities-3.3%2,0062,0762,1002,2222,2462,2682,2362,2251,5181,4471,3591,3811,4031,4251,2591,2871,241569583519512
  Current Liabilities-3.9%847881810815844883806801721784693--627456496432381373363321
  Short Term Borrowings0%32.0032.0032.0032.0032.0032.0032.0029.00------11.0011.00-----
  Long Term Debt-2.4%9179401,0231,1211,0991,0781,1261,147504359374--449519502-----
Shareholder's Equity4.2%1,3831,3281,2441,2361,2051,2071,1791,2411,3521,4161,3861,3501,3211,2711,0331,0841,0421,003968935928
  Retained Earnings2.9%1,6581,6111,5551,5321,5111,5351,5631,5721,5571,5271,499--1,3891,2291,2181,2151,1661,1361,1151,095
  Additional Paid-In Capital2.4%808789783775772758739725715689686--671657655647640634622616
Accumulated Depreciation3.8%741714691667590611590569550529514472472452395377401383370352333
Shares Outstanding0.0%43.0043.0043.0043.0043.0042.0043.0043.0043.0043.0043.0043.00---------
Float----5,100---6,000---6,200-----2,900---
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-32.1%93,600137,800130,70024,50023,400103,500102,10068,70023,500135,900122,600127,20064,200114,60093,400127,60048,70082,500105,70087,20059,000
  Share Based Compensation2.7%11,40011,10014,70014,80012,20025,10022,10022,10013,90010,90011,10011,8008,1009,1009,90010,3007,30011,10010,80012,50010,000
Cashflow From Investing18.6%-26,700-32,800-21,300-27,100-700-38,300-36,000-691,300-33,700-42,300-56,200-35,800-33,400900-67,500-37,700-19,500-30,000-678,300-18,500-19,500
Cashflow From Financing57.9%-43,500-103,400-120,100-6,100-48,800-76,700-57,100537,10011,800-36,300-20,200-89,300-66,000-57,600-34,000-63,700-26,900-49,600517,500-33,500-60,700
  Dividend Payments8.1%17,30016,00016,00016,00015,90015,30015,30015,40015,50013,60013,60013,50013,50012,80012,90012,80012,90011,90012,00012,00011,900
  Buy Backs----1,400-8,30015,20091,900110,6001,200100--4,30017,600-20,000---4,900
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MORN Income Statement

2024-03-31
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]  
Revenue$ 542.8$ 479.7
Operating expense:  
Cost of revenue218.1218.8
Sales and marketing104.6107.6
General and administrative80.384.0
Depreciation and amortization47.244.8
Total operating expense450.2455.2
Operating income92.624.5
Non-operating expense, net:  
Interest expense, net(11.5)(13.3)
Realized gain on sale of investments, reclassified from other comprehensive income2.60.2
Expense from equity method transaction, net0.0(11.8)
Other income, net3.32.5
Non-operating expense, net(5.6)(22.4)
Income before income taxes and equity in investments of unconsolidated entities87.02.1
Equity in investments of unconsolidated entities(1.5)(1.3)
Income tax expense21.38.4
Consolidated net income (loss)$ 64.2$ (7.6)
Net income per share:  
Basic (in dollars per share)$ 1.50$ (0.18)
Diluted (in dollars per share)1.49(0.18)
Dividends declared (in dollars per share)0.410.38
Dividends paid per common share (in dollars per share)$ 0.41$ 0.38
Weighted average shares outstanding:  
Basic (in shares)42.742.5
Diluted (in shares)43.042.5

MORN Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:  
Cash and cash equivalents$ 353.7$ 337.9
Investments55.451.1
Accounts receivable, less allowance for credit losses of $6.1 million and $5.6 million, respectively326.2343.9
Income tax receivable, net0.00.6
Deferred commissions41.641.9
Prepaid expenses48.634.9
Other current assets5.15.4
Total current assets830.6815.7
Goodwill1,574.11,578.8
Intangible assets, net463.4484.4
Property, equipment, and capitalized software, less accumulated depreciation and amortization of $741.2 million and $714.0 million, respectively210.8207.7
Operating lease assets156.5163.9
Investments in unconsolidated entities96.1100.2
Deferred tax assets, net19.714.6
Deferred commissions30.029.3
Other assets8.28.8
Total assets3,389.43,403.4
Current liabilities:  
Deferred revenue565.2517.7
Accrued compensation122.9214.4
Accounts payable and accrued liabilities72.078.4
Current portion of long-term debt32.132.1
Operating lease liabilities34.736.4
Other current liabilities19.91.8
Total current liabilities846.8880.8
Operating lease liabilities143.8151.4
Accrued compensation23.323.7
Deferred tax liabilities, net32.835.6
Long-term debt917.3940.3
Deferred revenue24.726.3
Other long-term liabilities17.617.5
Total liabilities2,006.32,075.6
Morningstar, Inc. shareholders’ equity:  
Common stock, no par value, 200,000,000 shares authorized, of which 42,745,570 and 42,728,182 shares were outstanding as of March 31, 2024 and December 31, 2023, respectively0.00.0
Treasury stock at cost, 11,987,495 and 11,987,495 shares as of March 31, 2024 and December 31, 2023, respectively(985.5)(985.5)
Additional paid-in capital808.0789.0
Retained earnings1,657.71,610.8
Accumulated other comprehensive loss:  
Currency translation adjustment(97.0)(86.4)
Unrealized loss on available-for-sale investments(0.1)(0.1)
Total accumulated other comprehensive loss(97.1)(86.5)
Total equity1,383.11,327.8
Total liabilities and equity$ 3,389.4$ 3,403.4
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 Tue May 07 2024, market cap of Morningstar Inc is 12.83 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 Tue May 07 2024, MORN's PE ratio (Price to Earnings) is 60.25 and Price to Sales (PS) ratio is 6.1. 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 0.158 (multiply by 100 for percentage) rate of return.