Company Valuation: Morningstar, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 14,738 9,193 12,222 14,442 8,938 7,781 - -
Change - -37.62% 32.95% 18.16% -38.11% -12.95% - -
Enterprise Value (EV) 1 14,738 10,003 12,806 14,589 9,482 8,807 8,470 8,359
Change - -32.13% 28.02% 13.93% -35.01% -7.11% -3.83% -1.3%
P/E - 132x 87x 39.2x 24.5x 19.2x 16.8x 14x
PBR - - - 8.97x 7.51x 7.16x 5.87x 5.88x
PEG - - 1x 0x 7.25x 0.9x 1.2x 0.7x
Capitalization / Revenue - 4.91x 6x 6.35x 3.65x 2.94x 2.78x 2.62x
EV / Revenue - 5.35x 6.28x 6.41x 3.88x 3.33x 3.02x 2.82x
EV / EBITDA - 25.1x 29x 23.9x 13.2x 10.6x 9.35x 8.26x
EV / EBIT - 33.5x - 29.5x 16.3x 12.7x 11.1x 9.78x
EV / FCF - 59.4x 64.9x 32.5x 21.4x 17.4x 14.1x 12.8x
FCF Yield - 1.68% 1.54% 3.08% 4.67% 5.74% 7.11% 7.79%
Dividend per Share 2 - 1.44 1.5 1.67 1.88 2.003 2.203 2.921
Rate of return - 0.66% 0.52% 0.5% 0.87% 0.97% 1.06% 1.41%
EPS 2 - 1.64 3.29 8.58 8.87 10.82 12.38 14.77
Distribution rate - 87.8% 45.6% 19.5% 21.2% 18.5% 17.8% 19.8%
Net sales 1 - 1,871 2,039 2,275 2,446 2,649 2,801 2,969
EBITDA 1 - 398.8 440.9 611.2 716.5 828.4 906.1 1,012
EBIT 1 - 298.9 - 493.8 582.9 693.6 763.5 855.1
Net income 1 193.3 70.5 141.1 369.9 374.2 413.4 461.1 527.2
Net Debt 1 - 809.2 583.4 147.6 543.9 1,027 688.9 578.5
Reference price 2 341.99 216.59 286.24 336.76 217.31 207.41 207.41 207.41
Nbr of stocks (in thousands) 43,095 42,446 42,700 42,884 41,129 37,514 - -
Announcement Date 2/24/22 A 2/23/23 A 2/22/24 A 2/26/25 A 2/12/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.54x4.37x12.11x1.96% 34.63B
19.18x3.33x10.63x0.97% 7.78B
12.31x - - - 1.2B
Average 17.68x 3.85x 11.37x 1.46% 14.54B
Weighted average by Cap. 20.87x 4.18x 11.84x 1.78%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. MORN Stock
  4. MRS Stock
  5. Valuation Morningstar, Inc.