Morningstar Inc
NASDAQ:MORN

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Morningstar Inc
NASDAQ:MORN
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Price: 346.21 USD 1.81% Market Closed
Market Cap: 14.8B USD
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Intrinsic Value

The intrinsic value of one MORN stock under the Base Case scenario is 275.34 USD. Compared to the current market price of 346.21 USD, Morningstar Inc is Overvalued by 20%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

MORN Intrinsic Value
275.34 USD
Overvaluation 20%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

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Morningstar Inc

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

Economic Moat
Morningstar Inc

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0-3
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Business Breakdown

Morningstar Inc. is a leading provider of independent investment research that plays a pivotal role in shaping how investors approach their financial decisions. Founded in 1984 by Joe Mansueto in Chicago, the company has grown into a trusted source for data and analysis on various investment products, including mutual funds, stocks, and exchange-traded funds (ETFs). With a mission to empower investor success, Morningstar offers a suite of tools and services designed to help individuals and institutions make informed decisions based on their unique financial goals. The company's star rating system for mutual funds, which evaluates performance relative to peers, has become a widely recognized...

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Morningstar Inc

Current Assets 1B
Cash & Short-Term Investments 601.7m
Receivables 369.3m
Other Current Assets 51.8m
Non-Current Assets 2.5B
Long-Term Investments 96m
PP&E 369.9m
Intangibles 2B
Other Non-Current Assets 65.5m
Current Liabilities 895.9m
Accounts Payable 80.4m
Accrued Liabilities 248.2m
Other Current Liabilities 567.3m
Non-Current Liabilities 1.1B
Long-Term Debt 864.7m
Other Non-Current Liabilities 240m
Efficiency

Earnings Waterfall
Morningstar Inc

Revenue
2.2B USD
Cost of Revenue
-868.9m USD
Gross Profit
1.4B USD
Operating Expenses
-942.9m USD
Operating Income
411m USD
Other Expenses
-84.5m USD
Net Income
326.5m USD

Free Cash Flow Analysis
Morningstar Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

MORN Profitability Score
Profitability Due Diligence

Morningstar Inc's profitability score is 59/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Free Cash Flow
Positive ROE
Positive 3-Years Revenue Growth
59/100
Profitability
Score

Morningstar Inc's profitability score is 59/100. The higher the profitability score, the more profitable the company is.

MORN Solvency Score
Solvency Due Diligence

Morningstar Inc's solvency score is 62/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Low D/E
Long-Term Solvency
Positive Net Debt
62/100
Solvency
Score

Morningstar Inc's solvency score is 62/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

MORN Price Targets Summary
Morningstar Inc

Wall Street analysts forecast MORN stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MORN is 382.5 USD with a low forecast of 358.55 USD and a high forecast of 409.5 USD.

Lowest
Price Target
358.55 USD
4% Upside
Average
Price Target
382.5 USD
10% Upside
Highest
Price Target
409.5 USD
18% Upside
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Dividends

Dividend Yield
Lowest
Average
Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
Very
Unsafe
Unsafe
Safe
Very
Safe
0
25
50
75
100
Shareholder Yield

Current shareholder yield for MORN is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
Lowest
Average
Highest
Buyback Yield
Lowest
Average
Highest
Debt Paydown Yield
Lowest
Average
Highest

Ownership

MORN Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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Profile

Morningstar Inc Logo
Morningstar Inc

Country

United States of America

Industry

Financial Services

Market Cap

14.8B USD

Dividend Yield

0.47%

Description

Morningstar, Inc. engages in the provision of investment research. The company is headquartered in Chicago, Illinois and currently employs 9,556 full-time employees. The company went IPO on 2005-05-03. The firm supports asset managers, individual and institutional investors, and financial advisors who make their own investment decisions with a product line of Web-based tools, investment data, ratings, and research. Its customers have access to a selection of investment data, fundamental equity research, manager research, private capital markets research, credit ratings, environmental, social and governance (ESG) ratings, fund ratings, and indexes directly on its desktop or Web-based software platforms, or through subscriptions, data feeds, and third-party distributors. The firm provides investment management services, investment analysis platforms, and portfolio management and accounting software tools to advisors and financial institutions. The firm also offers a range of indexes that can be used as performance benchmarks and for creating investment products.

Contact

ILLINOIS
Chicago
22 W Washington St
+13126966000.0
www.morningstar.com

IPO

2005-05-03

Employees

9 556

Officers

Founder & Executive Chairman of the Board
Mr. Joseph D. Mansueto
CEO & Director
Mr. Kunal Kapoor CFA
Chief Financial Officer
Mr. Jason M. Dubinsky
Chief Revenue Officer
Mr. Daniel Dunn
Principal Accounting Officer
Mr. Conan Wiersema
Director of Investor Relations
Sarah Bush
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Chief Legal Officer
Ms. Kathleen Peacock
Senior Manager of Media Relations
Stephanie Lerdall
Head of Global Sales
Julie Willoughby
Chief People Officer
Ms. Marie Trzupek Lynch
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See Also

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What is the Intrinsic Value of one MORN stock?

The intrinsic value of one MORN stock under the Base Case scenario is 275.34 USD.

Is MORN stock undervalued or overvalued?

Compared to the current market price of 346.21 USD, Morningstar Inc is Overvalued by 20%.

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