MORNINGSTAR INC (MORN) Fundamental Analysis & Valuation

NASDAQ:MORN • US6177001095

Current stock price

176.76 USD
+0.34 (+0.19%)
Last:

This MORN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. MORN Profitability Analysis

1.1 Basic Checks

  • MORN had positive earnings in the past year.
  • MORN had a positive operating cash flow in the past year.
  • In the past 5 years MORN has always been profitable.
  • MORN had a positive operating cash flow in each of the past 5 years.
MORN Yearly Net Income VS EBIT VS OCF VS FCFMORN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

1.2 Ratios

  • The Return On Assets of MORN (10.42%) is better than 85.42% of its industry peers.
  • MORN has a better Return On Equity (30.62%) than 95.42% of its industry peers.
  • MORN's Return On Invested Capital of 15.34% is amongst the best of the industry. MORN outperforms 87.92% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MORN is above the industry average of 7.19%.
  • The last Return On Invested Capital (15.34%) for MORN is above the 3 year average (11.66%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 10.42%
ROE 30.62%
ROIC 15.34%
ROA(3y)8.33%
ROA(5y)6.75%
ROE(3y)21.37%
ROE(5y)16.72%
ROIC(3y)11.66%
ROIC(5y)9.91%
MORN Yearly ROA, ROE, ROICMORN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • The Profit Margin of MORN (15.30%) is comparable to the rest of the industry.
  • MORN's Profit Margin has been stable in the last couple of years.
  • MORN has a Operating Margin of 20.61%. This is comparable to the rest of the industry: MORN outperforms 45.83% of its industry peers.
  • In the last couple of years the Operating Margin of MORN has grown nicely.
  • MORN has a Gross Margin of 61.03%. This is in the better half of the industry: MORN outperforms 69.17% of its industry peers.
  • MORN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 20.61%
PM (TTM) 15.3%
GM 61.03%
OM growth 3Y31.94%
OM growth 5Y2.48%
PM growth 3Y59.53%
PM growth 5Y-1%
GM growth 3Y1.52%
GM growth 5Y-0.54%
MORN Yearly Profit, Operating, Gross MarginsMORN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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7

2. MORN Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for MORN has been reduced compared to 1 year ago.
  • The number of shares outstanding for MORN has been reduced compared to 5 years ago.
  • Compared to 1 year ago, MORN has a worse debt to assets ratio.
MORN Yearly Shares OutstandingMORN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
MORN Yearly Total Debt VS Total AssetsMORN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • An Altman-Z score of 3.72 indicates that MORN is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.72, MORN belongs to the top of the industry, outperforming 80.42% of the companies in the same industry.
  • The Debt to FCF ratio of MORN is 2.42, which is a good value as it means it would take MORN, 2.42 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 2.42, MORN belongs to the best of the industry, outperforming 81.67% of the companies in the same industry.
  • MORN has a Debt/Equity ratio of 0.88. This is a neutral value indicating MORN is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.88, MORN is in line with its industry, outperforming 55.83% of the companies in the same industry.
  • Even though the debt/equity ratio score it not favorable for MORN, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 2.42
Altman-Z 3.72
ROIC/WACCN/A
WACCN/A
MORN Yearly LT Debt VS Equity VS FCFMORN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 0.99 indicates that MORN may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.99, MORN is in line with its industry, outperforming 43.33% of the companies in the same industry.
  • A Quick Ratio of 0.99 indicates that MORN may have some problems paying its short term obligations.
  • The Quick ratio of MORN (0.99) is comparable to the rest of the industry.
  • The current and quick ratio evaluation for MORN is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 0.99
Quick Ratio 0.99
MORN Yearly Current Assets VS Current LiabilitesMORN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. MORN Growth Analysis

3.1 Past

  • MORN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.51%, which is quite impressive.
  • The Earnings Per Share has been growing by 11.35% on average over the past years. This is quite good.
  • Looking at the last year, MORN shows a small growth in Revenue. The Revenue has grown by 7.49% in the last year.
  • Measured over the past years, MORN shows a quite strong growth in Revenue. The Revenue has been growing by 11.97% on average per year.
EPS 1Y (TTM)25.51%
EPS 3Y75.52%
EPS 5Y11.35%
EPS Q2Q%26.64%
Revenue 1Y (TTM)7.49%
Revenue growth 3Y9.34%
Revenue growth 5Y11.97%
Sales Q2Q%8.48%

3.2 Future

  • MORN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.70% yearly.
  • Based on estimates for the next years, MORN will show a small growth in Revenue. The Revenue will grow by 7.85% on average per year.
EPS Next Y17.21%
EPS Next 2Y16.48%
EPS Next 3Y20.7%
EPS Next 5YN/A
Revenue Next Year7.67%
Revenue Next 2Y7%
Revenue Next 3Y7.85%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
MORN Yearly Revenue VS EstimatesMORN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
MORN Yearly EPS VS EstimatesMORN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2022 2023 2024 2025 2026 2027 2028 5 10 15

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6

4. MORN Valuation Analysis

4.1 Price/Earnings Ratio

  • MORN is valuated rather expensively with a Price/Earnings ratio of 17.87.
  • MORN's Price/Earnings is on the same level as the industry average.
  • The average S&P500 Price/Earnings ratio is at 27.18. MORN is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 15.25, MORN is valued correctly.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MORN is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 37.96. MORN is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 17.87
Fwd PE 15.25
MORN Price Earnings VS Forward Price EarningsMORN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MORN is valued cheaply inside the industry as 85.83% of the companies are valued more expensively.
  • 66.25% of the companies in the same industry are more expensive than MORN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 15.38
EV/EBITDA 10.5
MORN Per share dataMORN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • MORN has an outstanding profitability rating, which may justify a higher PE ratio.
  • MORN's earnings are expected to grow with 20.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.04
PEG (5Y)1.57
EPS Next 2Y16.48%
EPS Next 3Y20.7%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. MORN Dividend Analysis

5.1 Amount

  • MORN has a Yearly Dividend Yield of 1.17%. Purely for dividend investing, there may be better candidates out there.
  • MORN's Dividend Yield is slightly below the industry average, which is at 6.65.
  • Compared to the average S&P500 Dividend Yield of 1.82, MORN is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.17%

5.2 History

  • The dividend of MORN is nicely growing with an annual growth rate of 9.19%!
  • MORN has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of MORN decreased in the last 3 years.
Dividend Growth(5Y)9.19%
Div Incr Years2
Div Non Decr Years2
MORN Yearly Dividends per shareMORN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 20.55% of the earnings are spent on dividend by MORN. This is a low number and sustainable payout ratio.
  • The dividend of MORN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP20.55%
EPS Next 2Y16.48%
EPS Next 3Y20.7%
MORN Yearly Income VS Free CF VS DividendMORN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
MORN Dividend Payout.MORN Dividend Payout, showing the Payout Ratio.MORN Dividend Payout.PayoutRetained Earnings

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MORN Fundamentals: All Metrics, Ratios and Statistics

MORNINGSTAR INC

NASDAQ:MORN (4/14/2026, 2:42:43 PM)

176.76

+0.34 (+0.19%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12
Earnings (Next)04-29
Inst Owners64.78%
Inst Owner Change0.04%
Ins Owners10.09%
Ins Owner Change-2.3%
Market Cap6.81B
Revenue(TTM)2.45B
Net Income(TTM)374.20M
Analysts80
Price Target250.92 (41.96%)
Short Float %6.96%
Short Ratio2.19
Dividend
Industry RankSector Rank
Dividend Yield 1.17%
Yearly Dividend1.86
Dividend Growth(5Y)9.19%
DP20.55%
Div Incr Years2
Div Non Decr Years2
Ex-Date07-10
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.41%
Min EPS beat(2)3.31%
Max EPS beat(2)15.52%
EPS beat(4)4
Avg EPS beat(4)8.04%
Min EPS beat(4)3.31%
Max EPS beat(4)15.52%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.36%
Min Revenue beat(2)-0.93%
Max Revenue beat(2)0.2%
Revenue beat(4)1
Avg Revenue beat(4)-1.31%
Min Revenue beat(4)-2.62%
Max Revenue beat(4)0.2%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-11.62%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.78%
EPS NY rev (1m)0%
EPS NY rev (3m)5.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.19%
Valuation
Industry RankSector Rank
PE 17.87
Fwd PE 15.25
P/S 2.78
P/FCF 15.38
P/OCF 11.55
P/B 5.57
P/tB N/A
EV/EBITDA 10.5
EPS(TTM)9.89
EY5.6%
EPS(NY)11.59
Fwd EY6.56%
FCF(TTM)11.49
FCFY6.5%
OCF(TTM)15.31
OCFY8.66%
SpS63.49
BVpS31.72
TBVpS-19.94
PEG (NY)1.04
PEG (5Y)1.57
Graham Number84.02
Profitability
Industry RankSector Rank
ROA 10.42%
ROE 30.62%
ROCE 19.86%
ROIC 15.34%
ROICexc 19.38%
ROICexgc 2150.39%
OM 20.61%
PM (TTM) 15.3%
GM 61.03%
FCFM 18.1%
ROA(3y)8.33%
ROA(5y)6.75%
ROE(3y)21.37%
ROE(5y)16.72%
ROIC(3y)11.66%
ROIC(5y)9.91%
ROICexc(3y)14.58%
ROICexc(5y)12.53%
ROICexgc(3y)982.31%
ROICexgc(5y)N/A
ROCE(3y)15.1%
ROCE(5y)12.83%
ROICexgc growth 3Y111.96%
ROICexgc growth 5Y17.29%
ROICexc growth 3Y48.22%
ROICexc growth 5Y9.72%
OM growth 3Y31.94%
OM growth 5Y2.48%
PM growth 3Y59.53%
PM growth 5Y-1%
GM growth 3Y1.52%
GM growth 5Y-0.54%
F-Score6
Asset Turnover0.68
Health
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 2.42
Debt/EBITDA 1.55
Cap/Depr 77.46%
Cap/Sales 6.02%
Interest Coverage 13.51
Cash Conversion 85%
Profit Quality 118.28%
Current Ratio 0.99
Quick Ratio 0.99
Altman-Z 3.72
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)72.27%
Cap/Depr(5y)72.42%
Cap/Sales(3y)6.04%
Cap/Sales(5y)6.21%
Profit Quality(3y)126.49%
Profit Quality(5y)159.65%
High Growth Momentum
Growth
EPS 1Y (TTM)25.51%
EPS 3Y75.52%
EPS 5Y11.35%
EPS Q2Q%26.64%
EPS Next Y17.21%
EPS Next 2Y16.48%
EPS Next 3Y20.7%
EPS Next 5YN/A
Revenue 1Y (TTM)7.49%
Revenue growth 3Y9.34%
Revenue growth 5Y11.97%
Sales Q2Q%8.48%
Revenue Next Year7.67%
Revenue Next 2Y7%
Revenue Next 3Y7.85%
Revenue Next 5YN/A
EBIT growth 1Y19.75%
EBIT growth 3Y44.27%
EBIT growth 5Y14.75%
EBIT Next Year38.09%
EBIT Next 3Y21.88%
EBIT Next 5YN/A
FCF growth 1Y-1.4%
FCF growth 3Y38.03%
FCF growth 5Y7.55%
OCF growth 1Y-0.32%
OCF growth 3Y25.57%
OCF growth 5Y8.94%

MORNINGSTAR INC / MORN Fundamental Analysis FAQ

What is the ChartMill fundamental rating of MORNINGSTAR INC (MORN) stock?

ChartMill assigns a fundamental rating of 7 / 10 to MORN.


Can you provide the valuation status for MORNINGSTAR INC?

ChartMill assigns a valuation rating of 6 / 10 to MORNINGSTAR INC (MORN). This can be considered as Fairly Valued.


Can you provide the profitability details for MORNINGSTAR INC?

MORNINGSTAR INC (MORN) has a profitability rating of 8 / 10.


Can you provide the financial health for MORN stock?

The financial health rating of MORNINGSTAR INC (MORN) is 7 / 10.


Can you provide the expected EPS growth for MORN stock?

The Earnings per Share (EPS) of MORNINGSTAR INC (MORN) is expected to grow by 17.21% in the next year.