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Morningstar, Inc.
NasdaqGS-MORN
Company Overview
Morningstar, Inc. provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors. It also provides Morningstar Data, an investment data spanning various databases, including equity fundamentals, managed investments, ESG factors, and market data; Morningstar Direct, an investment-analysis platform; Morningstar Managed Portfolios, an advisor service consisting of model portfolio that offers services for independent financial advisors, as well as offers asset allocation services for asset managers, broker/dealers, and insurance providers; Morningstar Advisor Workstation, a web-based research, financial planning, and proposal generation platform; and Morningstar.com, a website for individual investors. In addition, the company offers Morningstar Enterprise Components; Morningstar Credit Ratings that provides issuance and surveillance services for structured finance products and instruments; corporate credit estimates and operational risk assessment rankings; Morningstar Indexes for creating investment products; Morningstar workplace solutions, such as retirement accounts, fiduciary services, allocation funds, and custom models; and PitchBook Platform, research and analysis workstation for investment and research professionals. Further, its PitchBook provides a mobile application, excel plug-in, data feeds, and data solutions. The company was incorporated in 1984 and is headquartered in Chicago, Illinois.
Name
Morningstar, Inc.
CEO
Mr. Kunal Kapoor CFA
Website
www.morningstar.com
Sector
Capital Markets
Year Founded
1984
Profile
Market Cap
$13.36B
EV
$13.99B
Shares Out
42.84M
Revenue
$2,168.9M
Employees
11,334
Margins
Gross
60.85%
EBITDA
21.84%
Operating
16.85%
Pre-Tax
14.62%
Net
11.34%
FCF
17.96%
Returns (5Yr Avg)
ROA
6.11%
ROTA
18.97%
ROE
13.27%
ROCE
11.18%
ROIC
7.19%
Valuation (TTM)
P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—
Valuation (NTM)
Price Target
$343.5
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
Financial Health
Cash
$439.2M
Net Debt
$629M
Debt/Equity
0.75
EBIT/Interest
6.63
Growth (CAGR)
Rev 3Yr
11.95%
Rev 5Yr
15.46%
Rev 10Yr
11.59%
Dil EPS 3Yr
1%
Dil EPS 5Yr
7.1%
Dil EPS 10Yr
12.58%
Rev Fwd 2Yr
8.61%
EBITDA Fwd 2Yr
20.57%
EPS Fwd 2Yr
25.12%
EPS LT Growth Est
17%
Dividends
Yield
—
Payout
27.61%
DPS
$1.59
DPS Growth 3Yr
8.35%
DPS Growth 5Yr
7.84%
DPS Growth 10Yr
9.61%
DPS Growth Fwd 2Yr
10.76%