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Company Analysis

Morningstar, Inc. MORN

A comprehensive view of key metrics, scores, and financial health for Morningstar, Inc.

Overview of Morningstar, Inc.

MORN NMS
Financial Services Financial Data & Stock Exchanges Framework: Asset Management & Capital Markets Mid Cap
Morningstar, Inc. (MORN), is a Mid Cap company, in the Financial Data & Stock Exchanges industry, last closed at $173.13, about 36.8% undervalued vs fair value, -42.6% 1Y return, ranked 412/1037 in sector.
Metrics P/E 24.5× Rev Growth 7.5% ROE 26.4% Gross Margin 61.0% Div Yield 0.86%
USD 173.13
-1.19%
(Delayed)
• Vol 90d: 46.9%
52-Week Range
Market Cap
$6.74B
Enterprise Value
$8.15B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Good
Health
Fair
Efficiency
Fair
Valuation
Weak
Growth
Fair
Profitability
Good
Health
Fair
Efficiency
Fair
Valuation
Weak
Completeness: 82%
Confidence: 55%
Updated: Mar 8
Top Beats
No strong beats yet

Quick Facts

Website https://www.morningstar.com
HQ Chicago, IL
Employees 10,973
Fiscal year Dec 31

Next Events

Dividend Jul 10
Earnings Jul 29 Estimated

Fair Value Snapshot

Bear Base Bull
$179
$237
$324
Current: $173.13 +37% vs base

Engine Room Money Flow™

Mid Cap

Asset Management & Capital Markets - Where revenue goes and how value is created

Flow Steps
Total Revenue
$2.4B
7.5%%
Operating Income (FRE Proxy)
$503.9M
19.7%%
EBITDA
$728.9M
-0.4%%
Net Income
$374.2M
1.2%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Asset Management & Capital Markets

Quality & Reliability Indicators

Operating Margin (FRE Proxy)
20.6%
Good

Operating Income / Revenue — proxy for Fee-Related Earnings margin

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$863.9M
230.9% of Net Income

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
1
Active Leaks
0/1
Improving
0
High Impact
1
Critical
Moat Analysis Asset Management Specialized

Competitive Advantage Assessment

Evaluating Morningstar, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
60
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Fee Revenue Quality

Moderate
53
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Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Asset Managers, Capital Markets & Exchanges vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing MORN's balance between Growth (31.3%), Profitability (34.2%), and Safety (34.5%). Growth 31% Safety 34% Profitability 34%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

54th percentile vs peers
54
Key Signals
Rev Growth YoY 7.5% 46p EPS CAGR 3Y 75.4% 97p EPS Growth YoY 3.3% 44p Revenue CAGR 3Y 9.3% 50p
Strengths
  • EPS CAGR 3Y in top 20% of peers (75.4%, 97th percentile)
  • ROE in top 20% of peers (26.4%, 88th percentile)
  • Interest Coverage Ratio in top 20% of peers (13.47, 80th percentile)
  • ROA in top 20% of peers (10.5%, 84th percentile)
  • Conservative leverage compared to industry peers
Risks

No significant risks identified for this axis.

Profitability

59th percentile vs peers
60
Key Signals
Strengths
Risks
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Safety

59th percentile vs peers
60
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Morningstar, Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$236.89
- - -
+36.8% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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