218.21 USD
+1.27 (+0.59%)
218.21 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to MORN. MORN was compared to 237 industry peers in the Capital Markets industry. Both the health and profitability get an excellent rating, making MORN a very profitable company, without any liquidiy or solvency issues. MORN has a decent growth rate and is not valued too expensively. This makes MORN very considerable for quality investing!
1. Profitability
1.1 Basic Checks
MORN had positive earnings in the past year.
In the past year MORN had a positive cash flow from operations.
Each year in the past 5 years MORN has been profitable.
MORN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of MORN (10.57%) is better than 89.50% of its industry peers.
MORN has a Return On Equity of 24.83%. This is amongst the best in the industry. MORN outperforms 90.76% of its industry peers.
MORN has a Return On Invested Capital of 14.49%. This is amongst the best in the industry. MORN outperforms 90.76% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MORN is in line with the industry average of 6.99%.
The last Return On Invested Capital (14.49%) for MORN is above the 3 year average (8.55%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.57% | ||
| ROE | 24.83% | ||
| ROIC | 14.49% |
ROA(3y)5.53%
ROA(5y)6.33%
ROE(3y)13.11%
ROE(5y)14.11%
ROIC(3y)8.55%
ROIC(5y)9.08%
1.3 Margins
MORN has a Profit Margin of 15.70%. This is comparable to the rest of the industry: MORN outperforms 49.58% of its industry peers.
In the last couple of years the Profit Margin of MORN has grown nicely.
With a Operating Margin value of 19.67%, MORN perfoms like the industry average, outperforming 46.64% of the companies in the same industry.
In the last couple of years the Operating Margin of MORN has grown nicely.
MORN has a better Gross Margin (60.93%) than 71.43% of its industry peers.
MORN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.67% | ||
| PM (TTM) | 15.7% | ||
| GM | 60.93% |
OM growth 3Y6.94%
OM growth 5Y2.84%
PM growth 3Y12.64%
PM growth 5Y4.75%
GM growth 3Y0.97%
GM growth 5Y0.54%
2. Health
2.1 Basic Checks
MORN has more shares outstanding than it did 1 year ago.
The number of shares outstanding for MORN remains at a similar level compared to 5 years ago.
MORN has a better debt/assets ratio than last year.
2.2 Solvency
MORN has an Altman-Z score of 4.59. This indicates that MORN is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of MORN (4.59) is better than 82.77% of its industry peers.
The Debt to FCF ratio of MORN is 2.15, which is a good value as it means it would take MORN, 2.15 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MORN (2.15) is better than 85.29% of its industry peers.
MORN has a Debt/Equity ratio of 0.56. This is a neutral value indicating MORN is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.56, MORN is doing good in the industry, outperforming 63.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 2.15 | ||
| Altman-Z | 4.59 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
MORN has a Current Ratio of 1.04. This is a normal value and indicates that MORN is financially healthy and should not expect problems in meeting its short term obligations.
MORN has a Current ratio (1.04) which is comparable to the rest of the industry.
A Quick Ratio of 1.04 indicates that MORN should not have too much problems paying its short term obligations.
The Quick ratio of MORN (1.04) is comparable to the rest of the industry.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
MORN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.88%, which is quite impressive.
The Earnings Per Share has been growing by 19.51% on average over the past years. This is quite good.
The Revenue has been growing slightly by 7.76% in the past year.
The Revenue has been growing by 14.05% on average over the past years. This is quite good.
EPS 1Y (TTM)20.88%
EPS 3Y24.48%
EPS 5Y19.51%
EPS Q2Q%27.5%
Revenue 1Y (TTM)7.76%
Revenue growth 3Y10.22%
Revenue growth 5Y14.05%
Sales Q2Q%8.43%
3.2 Future
MORN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.30% yearly.
The Revenue is expected to grow by 8.31% on average over the next years. This is quite good.
EPS Next Y21.72%
EPS Next 2Y18.2%
EPS Next 3Y17.15%
EPS Next 5Y18.3%
Revenue Next Year7.05%
Revenue Next 2Y7.28%
Revenue Next 3Y7.45%
Revenue Next 5Y8.31%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 23.41 indicates a rather expensive valuation of MORN.
Based on the Price/Earnings ratio, MORN is valued a bit more expensive than 63.03% of the companies in the same industry.
MORN is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.49, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 19.82 indicates a rather expensive valuation of MORN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MORN is on the same level as its industry peers.
MORN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.69.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.41 | ||
| Fwd PE | 19.82 |
4.2 Price Multiples
80.67% of the companies in the same industry are more expensive than MORN, based on the Enterprise Value to EBITDA ratio.
MORN's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.77 | ||
| EV/EBITDA | 13.99 |
4.3 Compensation for Growth
MORN's 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 17.15% in the coming years.
PEG (NY)1.08
PEG (5Y)1.2
EPS Next 2Y18.2%
EPS Next 3Y17.15%
5. Dividend
5.1 Amount
MORN has a yearly dividend return of 0.84%, which is pretty low.
Compared to an average industry Dividend Yield of 8.30, MORN is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.31, MORN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.84% |
5.2 History
On average, the dividend of MORN grows each year by 7.66%, which is quite nice.
MORN has been paying a dividend for at least 10 years, so it has a reliable track record.
MORN has decreased its dividend recently.
Dividend Growth(5Y)7.66%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
20.03% of the earnings are spent on dividend by MORN. This is a low number and sustainable payout ratio.
MORN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP20.03%
EPS Next 2Y18.2%
EPS Next 3Y17.15%
218.21
+1.27 (+0.59%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners62.52%
Inst Owner Change-2.22%
Ins Owners8.63%
Ins Owner Change-2.21%
Market Cap8.97B
Revenue(TTM)2.40B
Net Income(TTM)376.00M
Analysts80
Price Target283.9 (30.1%)
Short Float %3.49%
Short Ratio1.99
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.84% |
Yearly Dividend1.62
Dividend Growth(5Y)7.66%
DP20.03%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.25%
Min EPS beat(2)3.31%
Max EPS beat(2)7.2%
EPS beat(4)4
Avg EPS beat(4)4.62%
Min EPS beat(4)1.85%
Max EPS beat(4)7.2%
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)-0.84%
Min Revenue beat(2)-1.87%
Max Revenue beat(2)0.2%
Revenue beat(4)1
Avg Revenue beat(4)-1.13%
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)-10.22%
PT rev (3m)-16.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.97%
EPS NY rev (1m)2.56%
EPS NY rev (3m)1.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.64%
Revenue NY rev (1m)0.24%
Revenue NY rev (3m)0.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.41 | ||
| Fwd PE | 19.82 | ||
| P/S | 3.75 | ||
| P/FCF | 22.77 | ||
| P/OCF | 16.65 | ||
| P/B | 5.93 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.99 |
EPS(TTM)9.32
EY4.27%
EPS(NY)11.01
Fwd EY5.05%
FCF(TTM)9.58
FCFY4.39%
OCF(TTM)13.11
OCFY6.01%
SpS58.24
BVpS36.81
TBVpS-12.08
PEG (NY)1.08
PEG (5Y)1.2
Graham Number87.86
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.57% | ||
| ROE | 24.83% | ||
| ROCE | 18.04% | ||
| ROIC | 14.49% | ||
| ROICexc | 18.04% | ||
| ROICexgc | 435.55% | ||
| OM | 19.67% | ||
| PM (TTM) | 15.7% | ||
| GM | 60.93% | ||
| FCFM | 16.45% |
ROA(3y)5.53%
ROA(5y)6.33%
ROE(3y)13.11%
ROE(5y)14.11%
ROIC(3y)8.55%
ROIC(5y)9.08%
ROICexc(3y)10.51%
ROICexc(5y)11.53%
ROICexgc(3y)354.39%
ROICexgc(5y)N/A
ROCE(3y)10.64%
ROCE(5y)11.3%
ROICexgc growth 3YN/A
ROICexgc growth 5Y38.05%
ROICexc growth 3Y7.32%
ROICexc growth 5Y10.5%
OM growth 3Y6.94%
OM growth 5Y2.84%
PM growth 3Y12.64%
PM growth 5Y4.75%
GM growth 3Y0.97%
GM growth 5Y0.54%
F-Score8
Asset Turnover0.67
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 2.15 | ||
| Debt/EBITDA | 1.28 | ||
| Cap/Depr | 75.84% | ||
| Cap/Sales | 6.05% | ||
| Interest Coverage | 13.54 | ||
| Cash Conversion | 81.39% | ||
| Profit Quality | 104.81% | ||
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z | 4.59 |
F-Score8
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)72.36%
Cap/Depr(5y)67.93%
Cap/Sales(3y)6.35%
Cap/Sales(5y)6.11%
Profit Quality(3y)166.64%
Profit Quality(5y)163.51%
High Growth Momentum
Growth
EPS 1Y (TTM)20.88%
EPS 3Y24.48%
EPS 5Y19.51%
EPS Q2Q%27.5%
EPS Next Y21.72%
EPS Next 2Y18.2%
EPS Next 3Y17.15%
EPS Next 5Y18.3%
Revenue 1Y (TTM)7.76%
Revenue growth 3Y10.22%
Revenue growth 5Y14.05%
Sales Q2Q%8.43%
Revenue Next Year7.05%
Revenue Next 2Y7.28%
Revenue Next 3Y7.45%
Revenue Next 5Y8.31%
EBIT growth 1Y14.65%
EBIT growth 3Y17.86%
EBIT growth 5Y17.29%
EBIT Next Year40.44%
EBIT Next 3Y19.91%
EBIT Next 5Y18.29%
FCF growth 1Y151.18%
FCF growth 3Y8.85%
FCF growth 5Y12.03%
OCF growth 1Y91.1%
OCF growth 3Y9.56%
OCF growth 5Y12.09%
MORNINGSTAR INC / MORN FAQ
What is the ChartMill fundamental rating of MORNINGSTAR INC (MORN) stock?
ChartMill assigns a fundamental rating of 6 / 10 to MORN.
What is the valuation status for MORN stock?
ChartMill assigns a valuation rating of 4 / 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.
Can you provide the financial health for MORN stock?
The financial health rating of MORNINGSTAR INC (MORN) is 7 / 10.
How sustainable is the dividend of MORNINGSTAR INC (MORN) stock?
The dividend rating of MORNINGSTAR INC (MORN) is 4 / 10 and the dividend payout ratio is 20.03%.