Morningstar Inc
Exchange: NASDAQSector: Financial ServicesIndustry: Financial Data & Stock Exchanges
Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, institutional investors in the debt and private capital markets, and alliances and redistributors. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $341 billion in AUMA as of March 31, 2025. The Company operates through wholly-owned subsidiaries in 32 countries.
Current Price
$172.55
+0.43%GoodMoat Value
$256.53
48.7% undervaluedProfile
Valuation (TTM)
Market Cap$6.83B
P/E16.96
EV—
P/B5.59
Shares Out39.58M
P/Sales2.72
Revenue$2.51B
EV/EBITDA10.76
Morningstar Inc (MORN) Stock Analysis
Market Cap$6.83B
Current Price$172.55
P/E Ratio16.96
Forward P/E—
PEG Ratio0.34
EPS$8.87
Book Value$30.87
P/B Ratio5.59
MORN Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use 9.7% FCF growth (CAGR)
Cash vs Debt
Net Debt: 787M
Revenue
1.2B
FY19
1.4B
FY20
1.7B
FY21
1.9B
FY22
2.0B
FY23
2.3B
FY24
2.4B
FY25
Net Income
152M
FY19
224M
FY20
193M
FY21
71M
FY22
141M
FY23
370M
FY24
374M
FY25
MORN 52-Week Range
$153.57
$311.17
50-Day MA: $174.63200-Day MA: $206.28
Did you know?
Earnings per share grew at a 16.2% CAGR.
Morningstar Inc (MORN) Financial Summary
Morningstar Inc (MORN) is a Financial Services company in the Financial Data & Stock Exchanges industry, listed on NASDAQ. The stock currently trades at $172.55 with a market capitalization of $6.83B.
Key valuation metrics include a P/E ratio of 16.96, price-to-book ratio of 5.59, and EPS of $8.87. The company reports a profit margin of 16.1% and return on equity of 33.0%.
MORN Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $6.83B |
| P/E Ratio | 16.96 |
| EPS | $8.87 |
| P/B Ratio | 5.59 |
| P/S Ratio | 2.72 |
| EV/EBITDA | 10.76 |
| Dividend Yield | 1.13% |
| Profit Margin | 16.1% |
| Return on Equity | 33.0% |
| Debt/Equity | 1.03 |
MORN Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $1.18B | $152.00M |
| FY20 | $1.39B | $223.60M |
| FY21 | $1.70B | $193.30M |
| FY22 | $1.87B | $70.50M |
| FY23 | $2.04B | $141.10M |
| FY24 | $2.28B | $369.90M |
| FY25 | $2.45B | $374.20M |
Morningstar Inc (MORN) Valuation
Based on GoodMoat's DCF model, Morningstar Inc has a fair value estimate of $256.53. At the current price of $172.55, the stock appears 32.7% undervalued relative to our intrinsic value estimate.
MORN Quality Indicators
Morningstar Inc maintains a profit margin of 16.1% and an operating margin of 21.5%. Return on equity stands at 33.0%. The current ratio is 0.99. Debt-to-equity ratio is 1.03.
About Morningstar Inc
Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, institutional investors in the debt and private capital markets, and alliances and redistributors. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $341 billion in AUMA as of March 31, 2025. The Company operates through wholly-owned subsidiaries in 32 countries.
MORN Free Cash Flow
Morningstar Inc generated $442.60M in trailing twelve-month free cash flow, representing an FCF yield of 6.48%. This strong FCF yield suggests the company generates substantial cash relative to its market value.
MORN Shares Outstanding
Morningstar Inc has 0.04 billion shares outstanding at a share price of $172.55, giving it a market capitalization of $6.83B.