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morningstar inc - MORN

MORN

Close Chg Chg %
340.07 6.14 1.81%

Closed Market

346.21

+6.14 (1.81%)

Volume: 129.10K

Last Updated:

Nov 22, 2024, 4:00 PM EDT

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Company Overview: morningstar inc - MORN

MORN Key Data

Open

$339.12

 Day Range

339.12 - 347.13

52 Week Range

269.51 - 352.41

 Market Cap

$14.58B

Shares Outstanding

42.88M

 Public Float

27.23M

Beta

1.18

 Rev. Per Employee

N/A

P/E Ratio

44.89

 EPS

$7.63

Yield

47.64%

 Dividend

$0.41

EX-DIVIDEND DATE

Oct 4, 2024

 SHORT INTEREST

N/A

AVERAGE VOLUME

164.96K

  

MORN Performance

1 Week
 
 2.56%
 
1 Month
 
 3.91%
 
3 Months
 
 10.32%
 
1 Year
 
 25.36%
 
5 Years
 
 122.92%
 

MORN Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 3
Full Ratings ➔

About morningstar inc - MORN

Morningstar, Inc. engages in the provision of investment research. It offers Morningstar data, direct, investment management, advisor workstation, workplace solutions, pitchbook data, enterprise components, research, credit ratings and indexes. It operates through the following segments: Morningstar Data and Analytics, PitchBook, Morningstar Wealth, Morningstar Credit, Morningstar Retirement, and Corporate and All Other. The Morningstar Data and Analytics segment is involved in providing investors data, research and insights, and investment analysis to empower investment decision-making. The PitchBook segment focuses on providing investors with access to a broad collection of data and research covering the private capital markets, including venture capital, private equity, private credit and bank loans, and merger and acquisition activities. The Morningstar Wealth segment refers to model portfolios and wealth platform, practice and portfolio management software for registered investment advisers, data aggregation, enrichment capabilities, and individual investor platform. The Morningstar Credit segment includes credit ratings, research, data, and credit analytics solutions that contribute to the transparency of international and domestic credit markets. The Morningstar Retirement segment offers products designed to help individuals reach retirement goals. The company was founded by Joseph D. Mansueto on May 16, 1984, and is headquartered in Chicago, IL.

MORN At a Glance

Morningstar, Inc.
22 West Washington Street
Chicago, Illinois 60602
Phone 1-312-696-6000 Revenue 2.07B
Industry Investment Managers Net Income 141.10M
Sector Finance 2023 Sales Growth 10.758%
Fiscal Year-end 12 / 2024 Employees 11,334
View SEC Filings

MORN Valuation

P/E Current 44.885
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 87.03
Price to Sales Ratio 5.943
Price to Book Ratio 9.211
Price to Cash Flow Ratio 38.811
Enterprise Value to EBITDA 28.036
Enterprise Value to Sales 6.316
Total Debt to Enterprise Value 0.089

MORN Efficiency

Revenue/Employee 182,309.864
Income Per Employee 12,449.268
Receivables Turnover 5.998
Total Asset Turnover 0.601

MORN Liquidity

Current Ratio 0.879
Quick Ratio 0.879
Cash Ratio 0.442

MORN Profitability

Gross Margin 50.23
Operating Margin 13.58
Pretax Margin 8.426
Net Margin 6.829
Return on Assets 4.103
Return on Equity 11.133
Return on Total Capital 5.671
Return on Invested Capital 5.782

MORN Capital Structure

Total Debt to Total Equity 87.378
Total Debt to Total Capital 46.632
Total Debt to Total Assets 34.089
Long-Term Debt to Equity 82.219
Long-Term Debt to Total Capital 43.879
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Morningstar Inc - MORN

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
1.39B 1.76B 1.87B 2.07B
Sales Growth
+17.85% +26.94% +5.77% +10.76%
Cost of Goods Sold (COGS) incl D&A
695.90M 849.10M 945.90M 1.03B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
139.50M 150.70M 166.60M 184.90M
Depreciation
80.70M 88.70M 99.90M 114.40M
Amortization of Intangibles
58.80M 62.00M 66.70M 70.50M
COGS Growth
+15.83% +22.01% +11.40% +8.72%
Gross Income
693.60M 914.80M 919.70M 1.04B
Gross Income Growth
+19.96% +31.89% +0.54% +12.85%
Gross Profit Margin
+49.92% +51.86% +49.30% +50.23%
2020 2021 2022 2023 5-year trend
SG&A Expense
478.40M 548.80M 692.50M 757.30M
Research & Development
- - - -
-
Other SG&A
478.40M 548.80M 692.50M 757.30M
SGA Growth
+25.20% +14.72% +26.18% +9.36%
Other Operating Expense
- - - -
-
Unusual Expense
(50.90M) 82.30M 105.30M 53.20M
EBIT after Unusual Expense
266.10M 283.70M 121.90M 227.40M
Non Operating Income/Expense
28.30M (17.40M) 35.20M 7.40M
Non-Operating Interest Income
1.60M 1.70M 1.70M 9.00M
Equity in Earnings of Affiliates
300.00K 5.40M (3.60M) (19.20M)
Interest Expense
11.10M 10.40M 30.10M 60.70M
Interest Expense Growth
- -6.31% +189.42% +101.66%
Gross Interest Expense
11.10M 10.40M 30.10M 60.70M
Interest Capitalized
- - - -
-
Pretax Income
283.30M 255.90M 127.00M 174.10M
Pretax Income Growth
+43.37% -9.67% -50.37% +37.09%
Pretax Margin
+20.39% +14.51% +6.81% +8.43%
Income Tax
59.70M 62.60M 56.50M 33.00M
Income Tax - Current - Domestic
43.20M 51.90M 64.00M 41.10M
Income Tax - Current - Foreign
23.00M 23.00M 30.10M 24.30M
Income Tax - Deferred - Domestic
1.60M (3.10M) (27.60M) (19.80M)
Income Tax - Deferred - Foreign
(8.10M) (9.20M) (10.00M) (12.60M)
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
300.00K 5.40M (3.60M) (19.20M)
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
223.60M 193.30M 70.50M 141.10M
Minority Interest Expense
- - - -
-
Net Income
223.60M 193.30M 70.50M 141.10M
Net Income Growth
+47.11% -13.55% -63.53% +100.14%
Net Margin Growth
+16.09% +10.96% +3.78% +6.83%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
223.60M 193.30M 70.50M 141.10M
Preferred Dividends
- - - -
-
Net Income Available to Common
223.60M 193.30M 70.50M 141.10M
EPS (Basic)
5.2121 4.4954 1.6549 3.3122
EPS (Basic) Growth
+46.42% -13.75% -63.19% +100.15%
Basic Shares Outstanding
42.90M 43.00M 42.60M 42.60M
EPS (Diluted)
5.1759 4.4539 1.6434 3.289
EPS (Diluted) Growth
+47.11% -13.95% -63.10% +100.13%
Diluted Shares Outstanding
43.20M 43.40M 42.90M 42.90M
EBITDA
354.70M 516.70M 393.80M 465.50M
EBITDA Growth
+13.03% +45.67% -23.79% +18.21%
EBITDA Margin
+25.53% +29.29% +21.11% +22.53%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 370.00
Number of Ratings 3 Current Quarters Estimate 2.03
FY Report Date 12 / 2024 Current Year's Estimate 7.819
Last Quarter’s Earnings 2.00 Median PE on CY Estimate N/A
Year Ago Earnings 5.12 Next Fiscal Year Estimate 9.071
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 2 1 3 3
Mean Estimate 2.03 1.84 7.82 9.07
High Estimates 2.17 1.84 7.92 9.60
Low Estimate 1.89 1.84 7.64 8.07
Coefficient of Variance 9.78 N/A 1.99 9.56

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 2 2 2
OVERWEIGHT 0 0 0
HOLD 1 1 0
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Overweight Overweight Buy

Insider Actions for Morningstar Inc - MORN

Date Name Shares Transaction Value
Sep 13, 2024 Joseph D. Mansueto Executive Chairman; Director 10,517,165 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $304.69 per share 3,204,475,003.85
Sep 13, 2024 Joseph D. Mansueto Executive Chairman; Director 10,517,045 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $305.53 per share 3,213,272,758.85
Sep 13, 2024 Joseph D. Mansueto Executive Chairman; Director 10,517,008 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $306.49 per share 3,223,357,781.92
Sep 13, 2024 Joseph D. Mansueto Executive Chairman; Director 10,516,916 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $307.53 per share 3,234,267,177.48
Sep 13, 2024 Joseph D. Mansueto Executive Chairman; Director 10,516,912 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $308.34 per share 3,242,784,646.08
Aug 20, 2024 Joseph D. Mansueto Executive Chairman; Director 10,584,968 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $316.52 per share 3,350,354,071.36
Aug 20, 2024 Joseph D. Mansueto Executive Chairman; Director 10,590,271 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $314.12 per share 3,326,615,926.52
Aug 20, 2024 Joseph D. Mansueto Executive Chairman; Director 10,587,692 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $315.66 per share 3,342,110,856.72
Jul 3, 2024 Jason M. Dubinsky Chief Financial Officer 20,181 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $300.11 per share 6,056,519.91
Jun 26, 2024 Caroline J. Tsay Director 3,925 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $296.98 per share 1,165,646.50
Jun 7, 2024 William M. Lyons Director 16,590 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $289.07 per share 4,795,671.30
Jun 7, 2024 Joseph D. Mansueto Executive Chairman; Director 10,641,912 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $296.02 per share 3,150,218,790.24
Jun 7, 2024 William M. Lyons Director 17,340 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 14, 2024 Steven Neil Kaplan Director 43,177 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $298.13 per share 12,872,359.01
May 6, 2024 Joseph D. Mansueto Executive Chairman; Director 10,756,955 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $288.87 per share 3,107,361,590.85
May 6, 2024 Joseph D. Mansueto Executive Chairman; Director 10,754,770 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $289.7 per share 3,115,656,869.00
May 6, 2024 Joseph D. Mansueto Executive Chairman; Director 10,750,859 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $290.8 per share 3,126,349,797.20
May 6, 2024 Joseph D. Mansueto Executive Chairman; Director 10,750,266 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $291.63 per share 3,135,100,073.58
Feb 28, 2024 Joseph D. Mansueto Executive Chairman; Director 10,853,885 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $299.42 per share 3,249,870,246.70
Feb 28, 2024 Joseph D. Mansueto Executive Chairman; Director 10,852,973 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $300.13 per share 3,257,302,786.49

Morningstar Inc in the News