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 7,527 - -
Change - -37.62% 32.95% 18.16% -38.11% -15.78% - -
Enterprise Value (EV) 1 14,738 10,003 12,806 14,589 9,482 8,554 8,216 8,106
Change - -32.13% 28.02% 13.93% -35.01% -9.78% -3.95% -1.34%
P/E - 132x 87x 39.2x 24.5x 18.6x 16.2x 13.6x
PBR - - - 8.97x 7.51x 6.93x 5.68x 5.68x
PEG - - 1x 0x 7.25x 0.8x 1.1x 0.7x
Capitalization / Revenue - 4.91x 6x 6.35x 3.65x 2.84x 2.69x 2.54x
EV / Revenue - 5.35x 6.28x 6.41x 3.88x 3.23x 2.93x 2.73x
EV / EBITDA - 25.1x 29x 23.9x 13.2x 10.3x 9.07x 8.01x
EV / EBIT - 33.5x - 29.5x 16.3x 12.3x 10.8x 9.48x
EV / FCF - 59.4x 64.9x 32.5x 21.4x 16.9x 13.7x 12.5x
FCF Yield - 1.68% 1.54% 3.08% 4.67% 5.91% 7.33% 8.03%
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% 1% 1.1% 1.46%
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 2 341.99 216.59 286.24 336.76 217.31 200.66 200.66 200.66
Nbr of stocks (in thousands) 43,095 42,446 42,700 42,884 41,129 37,514 - -
Announcement Date 2/24/22 2/23/23 2/22/24 2/26/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.51x4.36x12.1x1.97% 34.58B
18.55x3.23x10.33x1% 7.53B
11.9x - - - 1.16B
Average 17.32x 3.80x 11.21x 1.48% 14.42B
Weighted average by Cap. 20.74x 4.16x 11.78x 1.79%

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.