Morningstar, Inc. (FRA:MRS)

Morningstar Statistics

Total Valuation

Morningstar has a market cap or net worth of EUR 9.32 billion. The enterprise value is 9.74 billion.

Market Cap	9.32B
Enterprise Value	9.74B

Important Dates

The last earnings date was Wednesday, July 23, 2025.

Earnings Date	Jul 23, 2025
Ex-Dividend Date	Jul 11, 2025

Share Statistics

Current Share Class	42.18M
Shares Outstanding	n/a
Shares Change (YoY)	-0.23%
Shares Change (QoQ)	-1.39%
Owned by Insiders (%)	n/a
Owned by Institutions (%)	n/a
Float	24.65M

Valuation Ratios

The trailing PE ratio is 27.07 and the forward PE ratio is 26.42.

PE Ratio	27.07
Forward PE	26.42
PS Ratio	4.66
PB Ratio	6.78
P/TBV Ratio	n/a
P/FCF Ratio	28.07
P/OCF Ratio	20.44
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 19.11, with an EV/FCF ratio of 29.33.

EV / Earnings	28.30
EV / Sales	4.86
EV / EBITDA	19.11
EV / EBIT	25.93
EV / FCF	29.33

Financial Position

The company has a current ratio of 1.13, with a Debt / Equity ratio of 0.64.

Current Ratio	1.13
Quick Ratio	1.02
Debt / Equity	0.64
Debt / EBITDA	1.68
Debt / FCF	2.65
Interest Coverage	10.91

Financial Efficiency

Return on equity (ROE) is 26.51% and return on invested capital (ROIC) is 11.12%.

Return on Equity (ROE)	26.51%
Return on Assets (ROA)	8.14%
Return on Invested Capital (ROIC)	11.12%
Return on Capital Employed (ROCE)	16.91%
Revenue Per Employee	180,317
Profits Per Employee	31,041
Employee Count	11,085
Asset Turnover	0.67
Inventory Turnover	n/a

Taxes

In the past 12 months, Morningstar has paid 99.80 million in taxes.

Income Tax	99.80M
Effective Tax Rate	22.48%

Stock Price Statistics

The stock price has decreased by -20.29% in the last 52 weeks.

Beta (5Y)	n/a
52-Week Price Change	-20.29%
50-Day Moving Average	245.96
200-Day Moving Average	280.94
Relative Strength Index (RSI)	33.34
Average Volume (20 Days)	32

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	1.81

Income Statement

In the last 12 months, Morningstar had revenue of EUR 2.00 billion and earned 344.09 million in profits. Earnings per share was 8.01.

Revenue	2.00B
Gross Profit	1.22B
Operating Income	390.07M
Pretax Income	443.89M
Net Income	344.09M
EBITDA	470.96M
EBIT	390.07M
Earnings Per Share (EPS)	8.01

Balance Sheet

The company has 461.17 million in cash and 880.45 million in debt, giving a net cash position of -419.28 million.

Cash & Cash Equivalents	461.17M
Total Debt	880.45M
Net Cash	-419.28M
Net Cash Per Share	n/a
Equity (Book Value)	1.37B
Book Value Per Share	32.59
Working Capital	103.29M

Cash Flow

In the last 12 months, operating cash flow was 455.81 million and capital expenditures -123.89 million, giving a free cash flow of 331.91 million.

Operating Cash Flow	455.81M
Capital Expenditures	-123.89M
Free Cash Flow	331.91M
FCF Per Share	n/a

Margins

Gross margin is 60.94%, with operating and profit margins of 19.52% and 17.21%.

Gross Margin	60.94%
Operating Margin	19.52%
Pretax Margin	22.21%
Profit Margin	17.21%
EBITDA Margin	23.56%
EBIT Margin	19.52%
FCF Margin	16.61%

Dividends & Yields

This stock pays an annual dividend of 1.61, which amounts to a dividend yield of 0.73%.

Dividend Per Share	1.61
Dividend Yield	0.73%
Dividend Growth (YoY)	9.31%
Years of Dividend Growth	3
Payout Ratio	18.19%
Buyback Yield	0.23%
Shareholder Yield	0.96%
Earnings Yield	3.69%
FCF Yield	3.56%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Morningstar has an Altman Z-Score of 5.91 and a Piotroski F-Score of 8.

Altman Z-Score	5.91
Piotroski F-Score	8