MORN Stock Analysis: Morningstar | NASDAQ

Financial Data & Stock Exchanges | NASDAQ, USA | Market Cap: 8.348m USD | 12M Return: 16.7% | US6177001095 | Charts, Fundamentals & Technical Analysis

Investment Research, Private Market Data, Credit Ratings, Wealth Management
Total Rating 75
Safety 73
Buy Signal 1.12
Financial Data & Stock Exchanges
Industry Rotation: +19.9
Market Cap: 8.35B
Avg Turnover: 52.8M
Risk 3d forecast
Volatility32.4%
VaR 5th Pctl5.64%
VaR vs Median5.66%
Reward TTM
Sharpe Ratio0.48
Rel. Str. IBD88.9
Rel. Str. Peer Group80.6 pctl
Character TTM
Beta0.259
Beta Downside0.416
Hurst Exponent0.615
Choppyness61.4%
Drawdowns 3y
Max DD60.00%
CAGR/Max DD-0.03
CAGR/Mean DD-0.07
EPS (Earnings per Share) EPS (Earnings per Share) of MORN over the last years for every Quarter: "2021-09": 1.38, "2021-12": 1.29, "2022-03": 1.41, "2022-06": 1.17, "2022-09": 0.77, "2022-12": 0.58, "2023-03": -0.56, "2023-06": 1.6, "2023-09": 1.28, "2023-12": 1.7093, "2024-03": 1.493, "2024-06": 1.6032, "2024-09": 2, "2024-12": 2.7123, "2025-03": 2.23, "2025-06": 2.4, "2025-09": 2.55, "2025-12": 2.71, "2026-03": 3.18, "2026-06": 3.1, "2026-09": 3.48,
EPS CAGR: 41.66%
EPS Trend: 95.9%
Last SUE: 1.91
Qual. Beats: 4
Revenue Revenue of MORN over the last years for every Quarter: 2021-09: 428.9, 2021-12: 462.2, 2022-03: 457, 2022-06: 470.4, 2022-09: 468.2, 2022-12: 475, 2023-03: 479.7, 2023-06: 504.7, 2023-09: 515.5, 2023-12: 538.7, 2024-03: 542.8, 2024-06: 571.9, 2024-09: 569.4, 2024-12: 591, 2025-03: 581.9, 2025-06: 605.1, 2025-09: 617.4, 2025-12: 641.1, 2026-03: 644.8, 2026-06: 663.2, 2026-09: 672.1,
Rev. CAGR: 9.10%
Rev. Trend: 99.7%
Last SUE: 0.94
Qual. Beats: 1

Warnings

Extended 1w

Tailwinds

Supp Ema8
Rs Leader

Seasonality 11.7 years of data

Jan -0.8% 20
Feb -2.2% 43
Mar -0.7% 8
Apr -5.1% 12
May +1.0% 31
Jun +0.3% 5
Jul +5.1% 44
Aug -0.4% 8
Sep -4.5% 47
Oct +4.0% 18
Nov +5.7% 39
Dec +0.7% 13

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: MORN Morningstar

Morningstar, Inc. is a U.S.-based provider of independent investment research and financial data, serving clients across the Americas, Europe, Asia, and Australia. The company operates through five segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. Its offerings span managed investments, investment analysis software, private capital market data, credit ratings, ESG research, indexes, and retirement plan services. Founded in 1984 and headquartered in Chicago, Morningstar serves both institutional and individual investors through subscription-based data platforms, advisory tools, and licensed research products.

The company sits within the Financial Exchanges & Data sub-industry, a sector characterized by recurring subscription and licensing revenue tied to the delivery of proprietary financial information. Morningstars diversified business model spans traditional asset management, alternative/private market intelligence (via PitchBook), credit rating services (through Morningstar DBRS), and ESG analytics (through Sustainalytics), giving it exposure to multiple high-growth segments of the financial data ecosystem.

Headlines to Watch Out For
  • PitchBook subscriptions accelerate on private market data demand
  • DBRS credit ratings gain regulatory recognition and market share
  • Managed retirement assets expand driving recurring fee revenue
Piotroski VR-10 (Strict) 8.0
Net Income: 445.5m TTM > 0 and > 6% of Revenue
FCF/TA: 0.12 > 0.02 and ΔFCF/TA 1.39 > 1.0
NWC/Revenue: 1.85% < 20% (prev 1.41%; Δ 0.44% < -1%)
CFO/TA 0.16 > 3% & CFO 641.9m > Net Income 445.5m
Net Debt (1.52b) to EBITDA (859.6m): 1.76 < 3
Current Ratio: 1.05 > 1.5 & < 3
Outstanding Shares: last quarter (37.8m) vs 12m ago -11.27% < -2%
Gross Margin: 63.07% > 18% (prev 60.93%; Δ 2.14% > 0.5%)
Asset Turnover: 69.82% > 50% (prev 67.33%; Δ 2.49% > 0%)
Interest Coverage Ratio: 10.21 > 6 (EBIT TTM 654.2m / Interest Expense TTM 64.1m)
Altman Z'' 3.67
A: 0.01 (Total Current Assets 1.06b - Total Current Liabilities 1.02b) / Total Assets 3.95b
B: 0.63 (Retained Earnings 2.48b / Total Assets 3.95b)
C: 0.17 (EBIT TTM 654.2m / Avg Total Assets 3.75b)
D: 0.35 (Book Value of Equity 1.03b / Total Liabilities 2.93b)
Altman-Z'' = 3.67 = AA
Beneish M -2.93
DSRI: 1.06 (Receivables 435.8m/376.8m, Revenue 2.62b/2.40b)
GMI: 0.97 (GM 60.93% / 63.07%)
AQI: 1.02 (AQ_t 0.63 / AQ_t-1 0.62)
SGI: 1.09 (Revenue 2.62b / 2.40b)
TATA: -0.05 (NI 445.5m - CFO 641.9m) / TA 3.95b)
Beneish M = -2.93 (Cap -4..+1) = A
What is the price of MORN shares?

As of November 06, 2026, the stock is trading at USD 244.25 with a total of 254,202 shares traded. Over the past week, the price has changed by +13.68%, over one month by +29.12%, over three months by +22.29% and over the past year by +16.66%.

Current recommended Stop Loss: 234.50 (which is 4% or 1.4 ATR below the current price).

Is MORN a buy, sell or hold?

Morningstar has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy MORN.

  • StrongBuy: 2
  • Buy: 0
  • Hold: 1
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the MORN price?
Analysts Target Price 239 -2.1%
Morningstar (MORN) - Fundamental Data Overview as of 31 October 2026
Market Cap USD = 8.35b (8.35b USD * 1.0 USD.USD)
P/E Trailing = 21.1741
P/E Forward = 19.802
P/S = 3.2528
P/B = 7.8497
P/EG = 2.31
Revenue TTM = 2.62b USD
EBIT TTM = 654.2m USD
EBITDA TTM = 859.6m USD
Long Term Debt = 1.68b USD (from longTermDebt, last quarter)
Short Term Debt = 58.6m USD (from shortTermDebt, last quarter)
Debt = 2.04b USD (from shortLongTermDebtTotal, last quarter) + Leases 180.7m
Net Debt = 1.52b USD (calculated: Debt 2.04b - CCE 524.6m)
Enterprise Value = 9.86b USD (8.35b + Debt 2.04b - CCE 524.6m)
Interest Coverage Ratio = 10.21 (Ebit TTM 654.2m / Interest Expense TTM 64.1m)
EV/FCF = 20.02x (Enterprise Value 9.86b / FCF TTM 492.8m)
FCF Yield = 5.00% (FCF TTM 492.8m / Enterprise Value 9.86b)
FCF Margin = 18.80% (FCF TTM 492.8m / Revenue TTM 2.62b)
Net Margin = 17.00% (Net Income TTM 445.5m / Revenue TTM 2.62b)
Gross Margin = 63.07% ((Revenue TTM 2.62b - Cost of Revenue TTM 968.1m) / Revenue TTM)
Gross Margin QoQ = 64.19% (prev 63.92%)
Tobins Q-Ratio = 2.50 (Enterprise Value 9.86b / Total Assets 3.95b)
Interest Expense / Debt = 3.14% (Interest Expense 64.1m / Debt 2.04b)
Taxrate = 24.86% (147.7m / 594.1m)
NOPAT = 491.6m (EBIT 654.2m * (1 - 24.86%))
Current Ratio = 1.05 (Total Current Assets 1.06b / Total Current Liabilities 1.02b)
Debt / Equity = 1.99 (Debt 2.04b / totalStockholderEquity, last quarter 1.03b)
Debt / EBITDA = 1.76 (Net Debt 1.52b / EBITDA 859.6m)
Debt / FCF = 3.08 (Net Debt 1.52b / FCF TTM 492.8m)
Total Stockholder Equity = 1.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.87% (Net Income 445.5m / Total Assets 3.95b)
RoE = 41.54% (Net Income TTM 445.5m / Total Stockholder Equity 1.07b)
RoCE = 23.78% (EBIT 654.2m / Capital Employed (Equity 1.07b + L.T.Debt 1.68b))
RoIC = 17.17% (NOPAT 491.6m / Invested Capital 2.86b)
WACC = 5.70% (E(8.35b)/V(10.4b) * Re(6.52%) + D(2.04b)/V(10.4b) * Rd(3.14%) * (1-Tc(0.25)))
Discount Rate = 6.52% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.06 | Cagr: -5.66%
[DCF] Terminal Value 77.97% ; FCFF base≈453.3m ; Y1≈519.7m ; Y5≈764.8m
[DCF] Fair Price = 266.4 (EV 11.5b - Net Debt 1.52b = Equity 9.99b / Shares 37.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 95.87 | EPS CAGR: 41.66% | SUE: 1.91 | # QB: 4
Revenue Correlation: 99.67 | Revenue CAGR: 9.10% | SUE: 0.94 | # QB: 1
EPS current Quarter (2027-03-31): EPS=3.46 | Chg30d=+1.17% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=12.37 | Chg30d=+0.40% | Revisions=+25% | GrowthEPS=+25.4% | GrowthRev=+8.5%
EPS next Year (2027-12-31): EPS=14.00 | Chg30d=+0.45% | Revisions=+25% | GrowthEPS=+13.2% | GrowthRev=+5.8%
[Analyst] Revisions Ratio: +50% (up=3, down=0)