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75.12 (1y: +28%)
Market Cap 3.49 B P/E(ttm) 30.80
Enterprise Value 3.15 B P/B 4.80
MORN- NAS (USA)
Morningstar Inc
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$75.12
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry		 vs
history
Cash to Debt No Debt
MORN's Cash to Debt is ranked higher than
90% of the 946 Companies
in the Global Business Services industry.

( Industry Median: 0.99 vs. MORN: No Debt )
MORN' s 10-Year Cash to Debt Range
Min: 5303.5   Max: No Debt
Current: No Debt
Equity to Asset 0.696
MORN's Equity to Asset is ranked higher than
79% of the 946 Companies
in the Global Business Services industry.

( Industry Median: 0.45 vs. MORN: 0.696 )
MORN' s 10-Year Equity to Asset Range
Min: 0.26   Max: 0.74
Current: 0.7
0.26
0.74
Interest Coverage No Debt
MORN's Interest Coverage is ranked higher than
86% of the 946 Companies
in the Global Business Services industry.

( Industry Median: 7.60 vs. MORN: No Debt )
MORN' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
F-Score: 5
Z-Score: 8.92
M-Score: -2.79
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry		 vs
history
Operating margin (%) 22.90
MORN's Operating margin (%) is ranked higher than
91% of the 946 Companies
in the Global Business Services industry.

( Industry Median: 5.50 vs. MORN: 22.90 )
MORN' s 10-Year Operating margin (%) Range
Min: -82.8   Max: 27.7
Current: 22.9
-82.8
27.7
Net-margin (%) 16.4
MORN's Net-margin (%) is ranked higher than
90% of the 946 Companies
in the Global Business Services industry.

( Industry Median: 3.30 vs. MORN: 16.4 )
MORN' s 10-Year Net-margin (%) Range
Min: -38.2   Max: 18.4
Current: 16.4
-38.2
18.4
ROE (%) 14.9
MORN's ROE (%) is ranked higher than
82% of the 946 Companies
in the Global Business Services industry.

( Industry Median: 6.40 vs. MORN: 14.9 )
MORN' s 10-Year ROE (%) Range
Min: -75.3   Max: 19.2
Current: 14.9
-75.3
19.2
ROA (%) 10.4
MORN's ROA (%) is ranked higher than
89% of the 946 Companies
in the Global Business Services industry.

( Industry Median: 3.10 vs. MORN: 10.4 )
MORN' s 10-Year ROA (%) Range
Min: -21.4   Max: 11.6
Current: 10.4
-21.4
11.6
Revenue Growth (%) 8.6
MORN's Revenue Growth (%) is ranked higher than
87% of the 946 Companies
in the Global Business Services industry.

( Industry Median: 0.00 vs. MORN: 8.6 )
MORN' s 10-Year Revenue Growth (%) Range
Min: 4.9   Max: 20.5
Current: 8.6
4.9
20.5
EBITDA Growth (%) 5.7
MORN's EBITDA Growth (%) is ranked higher than
84% of the 946 Companies
in the Global Business Services industry.

( Industry Median: 0.00 vs. MORN: 5.7 )
MORN' s 10-Year EBITDA Growth (%) Range
Min: -51.5   Max: 46.8
Current: 5.7
-51.5
46.8
EPS Growth (%) 7.3
MORN's EPS Growth (%) is ranked higher than
85% of the 946 Companies
in the Global Business Services industry.

( Industry Median: 0.00 vs. MORN: 7.3 )
MORN' s 10-Year EPS Growth (%) Range
Min: -19.8   Max: 64.3
Current: 7.3
-19.8
64.3
ยป MORN's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

MORN Guru Trades in Q2 2012

Steven Cohen 5,847 sh (+12.85%)
Jim Simons 86,600 sh (+9.62%)
Chuck Royce 2,173,306 sh (unchged)
Joel Greenblatt Sold Out
Ron Baron 2,250,886 sh (-16.72%)
» More
Q3 2012

MORN Guru Trades in Q3 2012

Paul Tudor Jones 3,500 sh (New)
Jim Simons 102,600 sh (+18.48%)
Steven Cohen 6,648 sh (+13.7%)
Chuck Royce 2,043,878 sh (-5.96%)
Ron Baron 1,766,121 sh (-21.54%)
» More
Q4 2012

MORN Guru Trades in Q4 2012

Steven Cohen 9,176 sh (+38.03%)
Jim Simons 106,300 sh (+3.61%)
Paul Tudor Jones Sold Out
Chuck Royce 2,022,878 sh (-1.03%)
Ron Baron 1,712,330 sh (-3.05%)
» More
Q1 2013

MORN Guru Trades in Q1 2013

Jeremy Grantham 6,200 sh (New)
Jim Simons 113,000 sh (+6.3%)
Steven Cohen Sold Out
Ron Baron 1,691,464 sh (-1.22%)
Chuck Royce 1,915,779 sh (-5.29%)
» More
» Details

Insider Trades

Latest Guru Trades with MORN

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2012-09-30 Reduce -21.54%0.18%$57.01 - $62.64 $ 74.8826%1766121
Joel Greenblatt 2012-06-30 Sold Out 0.02%$55.04 - $62.93 $ 74.8828%0
Joel Greenblatt 2012-03-31 New Buy0.02%$58.55 - $62.96 $ 74.8832%4221
Ray Dalio 2011-12-31 Sold Out 0.04%$55.22 - $60.77 $ 74.8827%0
Ray Dalio 2011-09-30 Add 70.49%0.02%$52.25 - $63.61 $ 74.8828%44531
Mario Gabelli 2010-06-30 Sold Out $42.93 - $50.65 $ 74.8858%0
Premium More recent guru trades are included for Premium Members only!!
ยป Financial Charts

Peter Lynch Chart

Ratios

vs
industry		 vs
history
P/E(ttm) 30.60
MORN's P/E(ttm) is ranked lower than
60% of the 661 Companies
in the Global Business Services industry.

( Industry Median: 18.80 vs. MORN: 30.60 )
MORN' s 10-Year P/E(ttm) Range
Min: 14.84   Max: 89.11
Current: 30.6
14.84
89.11
P/B 4.80
MORN's P/B is ranked lower than
67% of the 766 Companies
in the Global Business Services industry.

( Industry Median: 2.03 vs. MORN: 4.80 )
MORN' s 10-Year P/B Range
Min: 2.51   Max: 11.42
Current: 4.8
2.51
11.42
P/S 5.41
MORN's P/S is ranked lower than
71% of the 847 Companies
in the Global Business Services industry.

( Industry Median: 1.16 vs. MORN: 5.41 )
MORN' s 10-Year P/S Range
Min: 2.74   Max: 9.6
Current: 5.41
2.74
9.6
PFCF 26.50
MORN's PFCF is ranked lower than
59% of the 618 Companies
in the Global Business Services industry.

( Industry Median: 16.00 vs. MORN: 26.50 )
MORN' s 10-Year PFCF Range
Min: 13   Max: 47.86
Current: 26.5
13
47.86
EV-to-EBIT 19.6
MORN's EV-to-EBIT is ranked lower than
57% of the 653 Companies
in the Global Business Services industry.

( Industry Median: 13.37 vs. MORN: 19.6 )
MORN' s 10-Year EV-to-EBIT Range
Min: 7.5   Max: 47.9
Current: 19.6
7.5
47.9
PEG 6.8
MORN's PEG is ranked lower than
61% of the 294 Companies
in the Global Business Services industry.

( Industry Median: 1.98 vs. MORN: 6.8 )
MORN' s 10-Year PEG Range
Min: 0.57   Max: 10.94
Current: 6.8
0.57
10.94
Shiller P/E 38.1
MORN's Shiller P/E is ranked lower than
100% of the Companies
in the Global Business Services industry.

( Industry Median: vs. MORN: 38.1 )
MORN' s 10-Year Shiller P/E Range
Min: 29.57   Max: 40.05
Current: 38.1
29.57
40.05

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 0.60
MORN's Dividend Yield is ranked lower than
55% of the 946 Companies
in the Global Business Services industry.

( Industry Median: 1.10 vs. MORN: 0.60 )
MORN' s 10-Year Dividend Yield Range
Min: 0.08   Max: 0.67
Current: 0.6
0.08
0.67
Dividend Payout 0.1741
MORN's Dividend Payout is ranked higher than
79% of the 434 Companies
in the Global Business Services industry.

( Industry Median: 0.50 vs. MORN: 0.1741 )
MORN' s 10-Year Dividend Payout Range
Min: 0.03   Max: 0.24
Current: 0.17
0.03
0.24
Yield on cost (5-Year) 0.60
MORN's Yield on cost (5-Year) is ranked lower than
53% of the 946 Companies
in the Global Business Services industry.

( Industry Median: 0.95 vs. MORN: 0.60 )
MORN' s 10-Year Yield on cost (5-Year) Range
Min: 0.08   Max: 0.67
Current: 0.6
0.08
0.67
Share Buyback Rate 0.3
MORN's Share Buyback Rate is ranked higher than
90% of the 946 Companies
in the Global Business Services industry.

( Industry Median: 0.00 vs. MORN: 0.3 )
MORN' s 10-Year Share Buyback Rate Range
Min: 0.3   Max: -5
Current: 0.3

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 680.7
MORN's Price/Net Cash is ranked lower than
84% of the 166 Companies
in the Global Business Services industry.

( Industry Median: 10.50 vs. MORN: 680.7 )
MORN' s 10-Year Price/Net Cash Range
Min: 19.8   Max: 628.3
Current: 680.7
19.8
628.3
Price/Net Current Asset Value 36.2
MORN's Price/Net Current Asset Value is ranked lower than
59% of the 506 Companies
in the Global Business Services industry.

( Industry Median: 12.70 vs. MORN: 36.2 )
MORN' s 10-Year Price/Net Current Asset Value Range
Min: 23.4   Max: 51.8
Current: 36.2
23.4
51.8
Price/Tangible Book 12.1
MORN's Price/Tangible Book is ranked lower than
74% of the 548 Companies
in the Global Business Services industry.

( Industry Median: 2.60 vs. MORN: 12.1 )
MORN' s 10-Year Price/Tangible Book Range
Min: 7.6   Max: 20.3
Current: 12.1
7.6
20.3
Price/DCF (Projected) 1.9
MORN's Price/DCF (Projected) is ranked lower than
53% of the 353 Companies
in the Global Business Services industry.

( Industry Median: 1.20 vs. MORN: 1.9 )
MORN' s 10-Year Price/DCF (Projected) Range
Min: 1.4   Max: 1.6
Current: 1.9
1.4
1.6
Price/Median PS Value 1.1
MORN's Price/Median PS Value is ranked higher than
67% of the 738 Companies
in the Global Business Services industry.

( Industry Median: 1.10 vs. MORN: 1.1 )
MORN' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 1.7
Current: 1.1
0.7
1.7
Price/Graham Number 4.5
MORN's Price/Graham Number is ranked lower than
71% of the 431 Companies
in the Global Business Services industry.

( Industry Median: 1.50 vs. MORN: 4.5 )
MORN' s 10-Year Price/Graham Number Range
Min: 2.5   Max: 6.8
Current: 4.5
2.5
6.8
Earnings Yield (Greenblatt) 5.10
MORN's Earnings Yield (Greenblatt) is ranked higher than
59% of the 946 Companies
in the Global Business Services industry.

( Industry Median: 5.40 vs. MORN: 5.10 )
MORN' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.1   Max: 13.3
Current: 5.1
2.1
13.3
Forward Rate of Return (Yacktman) 6.39
MORN's Forward Rate of Return (Yacktman) is ranked higher than
83% of the 946 Companies
in the Global Business Services industry.

( Industry Median: 0.00 vs. MORN: 6.39 )
MORN' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 6   Max: 46.3
Current: 6.39
6
46.3

Business Description

Morningstar, Inc. was incorporated in Illinois on May 16, 1984. It is a provider of independent investment research to investors around the world. It offers an extensive line of data, software, and research products for individual investors, financial advisors, and institutional clients through its Investment Information segment. It also provides asset management services for advisors, institutions, and retirement plan participants through its Investment Management segment. In addition to its U.S.-based products and services, it offers local versions of its products designed for investors in Asia, Australia, Canada, Europe, Japan, and South Africa. Morningstar serves approximately 7.4 million individual investors, 245,000 financial advisors, and 4,200 institutional clients. The Company has operations in approximately 20 countries. Morningstar has two operating segments: Investment Information and Investment Management. The Investment Information segment includes all of its data, software and research products and services. These products and services are typically sold through subscriptions or license agreements. The Investment Information segment also includes Morningstar Equity Research, which it distributes through several channels. The Company also offers a variety of financial communications materials, real-time data, other investment software and investment indexes, as well as several print and online publications focusing on stocks, mutual funds, personal finance and other investing topics. The Investment Management segment includes its asset management operations, which operate as registered investment advisors and earn more than half of their revenue from asset-based fees. The products and services in this segment based on revenue are Investment Consulting, which focuses on investment monitoring and asset allocation for funds of funds, including mutual funds and variable annuities. It emphasizes a decentralized approach to running its business to empower its managers and to create a culture of responsibility and accountability. The Company client base in this segment includes banks, brokerage firms, insurance companies, mutual fund companies and retirement plan sponsors and providers. It currently offers investment management services in the United States, Europe, Japan and Australia. The Company promotes its print, software, web-based products and services and consulting services with a staff of sales and marketing professionals, as well as an in-house public relations team. The Company's marketing staff includes both product specialists and a corporate marketing group that manages company initiatives. It operates in a highly competitive industry, with many investment research providers competing for business from individual investors, financial advisors and institutional clients. It competes with many different types of companies that vary in size, product scope and media focus, including well-established distributors
Company Website
SEC Reports
Industry: Business Services
Compare:ADP, G, ENV, CMPGY, SGSOY
Traded in other countries:MRS.Germany
ยป More Articles for MORN

Headlines

Articles On GuruFocus.com
no debt good growth Mar 19 2013 
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4 Financial Stocks to Buy Now for Profits over the Next Decade Jan 12 2012 
The Biggest Gift in the World Oct 31 2011 
Market cap calculation for stocks with dual share structure Jun 21 2011 
Morningstar Inc. (MORN) CFO Richard Scott Cooley sells 5,375 Shares Feb 23 2011 
Morningstar Inc. (MORN) COO Tao Huang sells 2,000 Shares Jan 31 2011 
Morningstar Inc. (MORN) COO Tao Huang sells 2,000 Shares Jan 27 2011 
Morningstar Inc. (MORN) COO Tao Huang sells 2,000 Shares Jan 25 2011 
Morningstar Inc. (MORN) COO Tao Huang sells 2,087 Shares Jan 21 2011 

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