218.2 USD
+0.85 (+0.39%)
218.2 USD
0 (0%)
Taking everything into account, MORN scores 6 out of 10 in our fundamental rating. MORN was compared to 238 industry peers in the Capital Markets industry. MORN has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. MORN is not valued too expensively and it also shows a decent growth rate. This makes MORN very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year MORN was profitable.
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.
1.2 Ratios
MORN has a Return On Assets of 10.57%. This is amongst the best in the industry. MORN outperforms 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 better Return On Invested Capital (14.49%) than 90.76% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MORN is in line with the industry average of 7.00%.
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 (15.70%) which is comparable to the rest of the industry.
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 47.06% of the companies in the same industry.
In the last couple of years the Operating Margin of MORN has grown nicely.
Looking at the Gross Margin, with a value of 60.93%, MORN is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
In the last couple of years the Gross Margin of MORN has remained more or less at the same level.
| 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.
Compared to 5 years ago, MORN has about the same amount of shares outstanding.
Compared to 1 year ago, MORN has an improved debt to assets ratio.
2.2 Solvency
MORN has an Altman-Z score of 4.58. This indicates that MORN is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of MORN (4.58) is better than 82.77% of its industry peers.
MORN has a debt to FCF ratio of 2.15. This is a good value and a sign of high solvency as MORN would need 2.15 years to pay back of all of its debts.
MORN has a better Debt to FCF ratio (2.15) than 85.71% 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.
MORN has a better Debt to Equity ratio (0.56) than 63.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 2.15 | ||
| Altman-Z | 4.58 |
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.
Looking at the Quick ratio, with a value of 1.04, MORN is in line with its industry, outperforming 51.26% of the companies in the same 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.
Measured over the past years, MORN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.51% on average per year.
MORN shows a small growth in Revenue. In the last year, the Revenue has grown by 7.76%.
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
The Earnings Per Share is expected to grow by 18.30% on average over the next years. This is quite good.
Based on estimates for the next years, MORN will show a quite strong growth in Revenue. The Revenue will grow by 8.31% on average per year.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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
The Price/Earnings ratio is 23.41, which indicates a rather expensive current valuation of MORN.
62.60% of the companies in the same industry are cheaper than MORN, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.59. MORN is around the same levels.
MORN is valuated rather expensively with a Price/Forward Earnings ratio of 19.82.
MORN's Price/Forward Earnings is on the same level as the industry average.
MORN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.03.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.41 | ||
| Fwd PE | 19.82 |
4.2 Price Multiples
MORN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MORN is cheaper than 81.51% of the companies in the same industry.
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 | 13.94 |
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.
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
With a yearly dividend of 0.96%, MORN is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.43, MORN is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 1.87, MORN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.96% |
5.2 History
The dividend of MORN is nicely growing with an annual growth rate of 7.66%!
MORN has paid a dividend for at least 10 years, which is 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.
The dividend of MORN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP20.03%
EPS Next 2Y18.2%
EPS Next 3Y17.15%
218.2
+0.85 (+0.39%)
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-2.61%
Market Cap8.97B
Revenue(TTM)2.40B
Net Income(TTM)376.00M
Analysts80
Price Target283.9 (30.11%)
Short Float %3.87%
Short Ratio2.4
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.96% |
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 | 13.94 |
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 | 4.58 |
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%.