MORNINGSTAR INC (MORN) Fundamental Analysis & Valuation

NASDAQ:MORN • US6177001095

Current stock price

179.07 USD
-5.8 (-3.14%)
At close:
179.07 USD
0 (0%)
After Hours:

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

  • MORN's Return On Assets of 10.42% is amongst the best of the industry. MORN outperforms 85.12% of its industry peers.
  • MORN has a Return On Equity of 30.62%. This is amongst the best in the industry. MORN outperforms 95.45% of its industry peers.
  • The Return On Invested Capital of MORN (15.34%) is better than 88.84% of its industry peers.
  • MORN had an Average Return On Invested Capital over the past 3 years of 11.66%. This is above the industry average of 7.14%.
  • The 3 year average ROIC (11.66%) for MORN is below the current ROIC(15.34%), indicating increased profibility in the last year.
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

  • MORN has a Profit Margin of 15.30%. This is comparable to the rest of the industry: MORN outperforms 49.17% of its industry peers.
  • MORN's Profit Margin has been stable in the last couple of years.
  • Looking at the Operating Margin, with a value of 20.61%, MORN is in line with its industry, outperforming 47.11% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MORN has grown nicely.
  • MORN's Gross Margin of 61.03% is fine compared to the rest of the industry. MORN outperforms 69.01% 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

  • Compared to 1 year ago, MORN has less shares outstanding
  • Compared to 5 years ago, MORN has less shares outstanding
  • MORN has a worse debt/assets ratio than last year.
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 3.85 indicates that MORN is not in any danger for bankruptcy at the moment.
  • With a decent Altman-Z score value of 3.85, MORN is doing good in the industry, outperforming 78.93% 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.
  • The Debt to FCF ratio of MORN (2.42) is better than 82.64% of its industry peers.
  • MORN has a Debt/Equity ratio of 0.88. This is a neutral value indicating MORN is somewhat dependend on debt financing.
  • MORN's Debt to Equity ratio of 0.88 is in line compared to the rest of the industry. MORN outperforms 55.37% of its industry peers.
  • Although MORN's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 2.42
Altman-Z 3.85
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

  • MORN has a Current Ratio of 0.99. This is a bad value and indicates that MORN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • MORN has a Current ratio of 0.99. This is comparable to the rest of the industry: MORN outperforms 42.98% of its industry peers.
  • A Quick Ratio of 0.99 indicates that MORN may have some problems paying its short term obligations.
  • MORN has a Quick ratio (0.99) which is in line with its industry peers.
  • MORN does not score too well on the current and quick ratio evaluation. However, as it has 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

  • The Earnings Per Share has grown by an impressive 25.51% over the past year.
  • The Earnings Per Share has been growing by 11.35% on average over the past years. This is quite good.
  • MORN shows a small growth in Revenue. In the last year, the Revenue has grown by 7.49%.
  • MORN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.97% yearly.
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.
  • The Revenue is expected to grow by 7.85% on average over the next years.
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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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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5

4. MORN Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 18.11, which indicates a rather expensive current valuation of MORN.
  • Compared to the rest of the industry, the Price/Earnings ratio of MORN indicates a slightly more expensive valuation: MORN is more expensive than 62.40% of the companies listed in the same industry.
  • MORN is valuated rather cheaply when we compare the Price/Earnings ratio to 25.73, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 15.45, the valuation of MORN can be described as correct.
  • MORN's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of MORN to the average of the S&P500 Index (23.72), we can say MORN is valued slightly cheaper.
Industry RankSector Rank
PE 18.11
Fwd PE 15.45
MORN Price Earnings VS Forward Price EarningsMORN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MORN is valued cheaper than 82.64% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MORN indicates a somewhat cheap valuation: MORN is cheaper than 65.70% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 16.01
EV/EBITDA 11.25
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.
  • The excellent profitability rating of MORN may justify a higher PE ratio.
  • A more expensive valuation may be justified as MORN's earnings are expected to grow with 20.70% in the coming years.
PEG (NY)1.05
PEG (5Y)1.6
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 1.11%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 6.94, MORN is paying slightly less dividend.
  • With a Dividend Yield of 1.11, MORN pays less dividend than the S&P500 average, which is at 1.91.
Industry RankSector Rank
Dividend Yield 1.11%

5.2 History

  • The dividend of MORN is nicely growing with an annual growth rate of 9.19%!
  • MORN has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of MORN decreased recently.
Dividend Growth(5Y)9.19%
Div Incr Years1
Div Non Decr Years1
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

  • MORN pays out 20.55% of its income as dividend. This is a sustainable payout ratio.
  • MORN's earnings are growing more than its dividend. This makes the dividend growth 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 (3/20/2026, 5:15:24 PM)

After market: 179.07 0 (0%)

179.07

-5.8 (-3.14%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12
Earnings (Next)04-28
Inst Owners62.73%
Inst Owner Change-2.1%
Ins Owners9.81%
Ins Owner Change-2.3%
Market Cap7.09B
Revenue(TTM)2.45B
Net Income(TTM)374.20M
Analysts80
Price Target250.92 (40.12%)
Short Float %7.67%
Short Ratio2.7
Dividend
Industry RankSector Rank
Dividend Yield 1.11%
Yearly Dividend1.86
Dividend Growth(5Y)9.19%
DP20.55%
Div Incr Years1
Div Non Decr Years1
Ex-Date04-03
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)-11.62%
PT rev (3m)-11.62%
EPS NQ rev (1m)5.78%
EPS NQ rev (3m)5.78%
EPS NY rev (1m)4.97%
EPS NY rev (3m)5.29%
Revenue NQ rev (1m)1.54%
Revenue NQ rev (3m)1.54%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)0.19%
Valuation
Industry RankSector Rank
PE 18.11
Fwd PE 15.45
P/S 2.9
P/FCF 16.01
P/OCF 12.02
P/B 5.8
P/tB N/A
EV/EBITDA 11.25
EPS(TTM)9.89
EY5.52%
EPS(NY)11.59
Fwd EY6.47%
FCF(TTM)11.18
FCFY6.24%
OCF(TTM)14.9
OCFY8.32%
SpS61.79
BVpS30.87
TBVpS-19.41
PEG (NY)1.05
PEG (5Y)1.6
Graham Number82.88
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 3.85
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 5 / 10 to MORNINGSTAR INC (MORN). This can be considered as Fairly Valued.


How profitable is MORNINGSTAR INC (MORN) stock?

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


What is the financial health of MORNINGSTAR INC (MORN) stock?

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


Is the dividend of MORNINGSTAR INC sustainable?

The dividend rating of MORNINGSTAR INC (MORN) is 5 / 10 and the dividend payout ratio is 20.55%.