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MORN - Morningstar, Inc.

NASDAQ -> Financial Services -> Financial Data & Stock Exchanges
Chicago, United States
Type: Equity

MORN price evolution
MORN
(in millions $) 31 Jan 2024 30 Oct 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $337.9 $325 $343.3 $352.2
Short term investments $51.1 $38.7 $34.9 $33.2
Net receivables $344.5 $306.8 $321.8 $297.9
Inventory
Total current assets $815.7 $758.2 $807.3 $781.3
Long term investments $100.2 $104.8 $114.8 $117.7
Property, plant & equipment $371.6 $367.7 $379.2 $386.1
Goodwill & intangible assets $2063.2 $2064.4 $2103.2 $2109.8
Total noncurrent assets $2587.7 $2585.9 $2650.6 $2669.4
Total investments $151.3 $143.5 $149.7 $150.9
Total assets $3403.4 $3344.1 $3457.9 $3450.7
Current liabilities
Accounts payable $78.4 $70.1 $69 $69.6
Deferred revenue $544 $514.8 $535.8 $533.7
Short long term debt $68.5 $68.1 $68.4 $68.2
Total current liabilities $880.8 $809.5 $814.9 $844.4
Long term debt $940.3 $1023.4 $1281.7 $1269.7
Total noncurrent liabilities $1194.8 $1290.5 $1407.4 $1401.6
Total debt $1160.2 $1240.2 $1350.1 $1337.9
Total liabilities $2075.6 $2100 $2222.3 $2246
Shareholders' equity
Retained earnings $1610.8 $1554.6 $1531.5 $1511.4
Other shareholder equity $1327.8 $1244.1 -$84.1 -$92
Total shareholder equity $1327.8 $1244.1 $1235.6 $1204.7
(in millions $) 31 Jan 2024 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $337.9 $376.6 $483.8 $422.5
Short term investments $51.1 $38 $62.3 $41.7
Net receivables $344.5 $348.6 $268.9 $205.1
Inventory
Total current assets $815.7 $810.8 $887.6 $730
Long term investments $100.2 $96 $63.3 $32.6
Property, plant & equipment $371.6 $391 $321 $302.8
Goodwill & intangible assets $2063.2 $2120.3 $1535.2 $1585.1
Total noncurrent assets $2587.7 $2664 $1975.1 $1966
Total investments $151.3 $134 $125.6 $74.3
Total assets $3403.4 $3474.8 $2862.7 $2696
Current liabilities
Accounts payable $78.4 $76.2 $76.5 $64.5
Deferred revenue $544 $489.1 $413.8 $340.3
Short long term debt $68.5 $69.4 $36.4 $39.9
Total current liabilities $880.8 $882.5 $783.5 $626.5
Long term debt $940.3 $1077.5 $495.1 $586.8
Total noncurrent liabilities $1194.8 $1385.2 $663.3 $798.1
Total debt $1160.2 $1323.6 $531.5 $626.7
Total liabilities $2075.6 $2267.7 $1446.8 $1424.6
Shareholders' equity
Retained earnings $1610.8 $1535 $1526.5 $1389.4
Other shareholder equity $1327.8 -$99 -$35.3 -$22
Total shareholder equity $1327.8 $1207.1 $1415.9 $1271.4
(in millions $) 31 Jan 2024 30 Oct 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $538.7 $515.5 $504.7 $479.7
Cost of revenue $216.4 $218.8
Gross Profit $333.3 $312.6 $288.3 $260.9
Operating activities
Research & development
Selling, general & administrative $199.6 $191.6
Total operating expenses $238.9 $242.6 $246.6 $236.4
Operating income $41.7 $24.5
Income from continuing operations
EBIT $44 $14.1
Income tax expense $14.1 $16.7 -$6.2 $8.4
Interest expense -$11.5 -$12.8 $14.1 $13.3
Net income
Net income $73.5 $39.1 $36.1 -$7.6
Income (for common shares) $36.1 -$7.6
(in millions $) 31 Jan 2024 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $2038.6 $1870.6 $1699.3 $1389.5
Cost of revenue $779.3 $698.4 $556.4
Gross Profit $1195.1 $1091.3 $1000.9 $833.1
Operating activities
Research & development
Selling, general & administrative $756.9 $593.2 $478.4
Total operating expenses $964.5 $923.5 $743.9 $617.9
Operating income $167.8 $257 $215.2
Income from continuing operations
EBIT $155.4 $264.6 $292.8
Income tax expense $33 $56.5 $62.6 $59.7
Interest expense -$63.5 $28.4 $8.7 $9.5
Net income
Net income $141.1 $70.5 $193.3 $223.6
Income (for common shares) $70.5 $193.3 $223.6
(in millions $) 31 Jan 2024 30 Oct 2023 30 Jun 2023 31 Mar 2023
Net income $36.1 -$7.6
Operating activities
Depreciation $47 $44.8
Business acquisitions & disposals -$0.8 -$0.1
Stock-based compensation $14.8 $12.2
Total cash flows from operations $24.5 $23.4
Investing activities
Capital expenditures -$30.3 -$29.5
Investments $4 $28.9
Total cash flows from investing -$81.9 -$49.1 -$27.1 -$0.7
Financing activities
Dividends paid -$63.9 -$47.9 -$16 -$15.9
Sale and purchase of stock -$1.4
Net borrowings $21.8 $21.9
Total cash flows from financing -$278.4 -$175 -$6.1 -$48.8
Effect of exchange rate $5.2 -$6.1 -$0.2 $1.7
Change in cash and equivalents -$38.7 -$51.6 -$8.9 -$24.4
(in millions $) 31 Jan 2024 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $70.5 $193.3 $223.6
Operating activities
Depreciation $166.6 $150.7 $139.5
Business acquisitions & disposals -$676.1 -$24.8 -$67.8
Stock-based compensation $83.2 $41.9 $36.6
Total cash flows from operations $297.8 $449.9 $384.3
Investing activities
Capital expenditures -$129.5 -$101.8 -$76.7
Investments $6.5 -$41 $19
Total cash flows from investing -$81.9 -$799.3 -$167.7 -$123.8
Financing activities
Dividends paid -$63.9 -$61.5 -$54.2 -$51.4
Sale and purchase of stock -$226 -$1.1 -$40
Net borrowings $750.9 -$90 -$63.4
Total cash flows from financing -$278.4 $415.1 -$211.8 -$182.2
Effect of exchange rate $5.2 -$20.8 -$9.1 $10.1
Change in cash and equivalents -$38.7 -$107.2 $61.3 $88.4
Fundamentals
Market cap $13.17B
Enterprise value $13.99B
Shares outstanding 42.70M
Revenue $2.04B
EBITDA N/A
EBIT N/A
Net Income $141.10M
Revenue Q/Q 13.41%
Revenue Y/Y 8.98%
P/E ratio 93.32
EV/Sales 6.86
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio 6.46
P/B ratio InfinityT
Book/Share 0.00
Cash/Share 7.91
EPS $3.30
ROA 4.13%
ROE 11.26%
Debt/Equity 1.56
Net debt/EBITDA N/A
Current ratio 0.93
Quick ratio 0.93