Morningstar Stock Fair Value – MORNINGSTAR Reports Q2 Earnings Results for Fiscal Year 2023
July 30, 2023
🌥️Earnings Overview
MORNINGSTAR ($NASDAQ:MORN) announced its earnings results for the quarter that ended June 30, 2023, of the 2023 fiscal year. Revenue for the quarter totaled USD 504.7 million, a rise of 7.3% compared to the same period in the prior year, while net income increased 19.9% year-over-year to USD 36.1 million.
Price History
MORNINGSTAR, one of the leading providers of independent investment research, announced its second-quarter earnings report for fiscal year 2023 on Friday. The report revealed positive financial performance, with MORNINGSTAR stock opening at $231.8 and closing at $235.6, up by 2.2% from last closing price of 230.4. Overall, the quarterly earnings report was well-received in the financial sector, with MORNINGSTAR’s stock rising substantially throughout the day. This is a positive sign for the company, and investors can look forward to more growth in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Morningstar. MORNINGSTAR_Reports_Q2_Earnings_Results_for_Fiscal_Year_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 1.93k | 22.8 | 1.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Morningstar. MORNINGSTAR_Reports_Q2_Earnings_Results_for_Fiscal_Year_2023″>More…
| Operations | Investing | Financing |
| 253.5 | -102.1 | -188.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Morningstar. MORNINGSTAR_Reports_Q2_Earnings_Results_for_Fiscal_Year_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.46k | 2.22k | 28.97 |
Key Ratios Snapshot
Some of the financial key ratios for Morningstar are shown below. MORNINGSTAR_Reports_Q2_Earnings_Results_for_Fiscal_Year_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.1% | -14.1% | 6.0% |
| FCF Margin | ROE | ROA |
| 6.4% | 5.9% | 2.1% |
Analysis – Morningstar Stock Fair Value
At GoodWhale, we recently conducted an analysis of MORNINGSTAR‘s fundamentals. Our proprietary Valuation Line indicated that the intrinsic value of MORNINGSTAR shares is around $271.5. Currently, MORNINGSTAR stock is traded at $235.6, representing a 13.2% discount from its intrinsic value. This suggests that MORNINGSTAR stock is currently undervalued and could be a good buying opportunity for investors. More…
Peers
The competition between Morningstar Inc and its competitors is fierce. Euromoney Institutional Investor PLC, MSCI Inc, and CRISIL Ltd are all major players in the financial research and analysis industry, and each company is constantly innovating and trying to one-up the others. Morningstar Inc has been a leader in the industry for many years, but its competitors are quickly catching up.
– Euromoney Institutional Investor PLC ($LSE:ERM)
Euromoney Institutional Investor PLC is a provider of business information and research for the global financial markets. The company has a market capitalization of 1.59 billion as of 2022 and a return on equity of 2.93%. The company’s products and services include news, analysis, and research on the global financial markets, as well as data and intelligence on companies, industries, and economies.
– MSCI Inc ($NYSE:MSCI)
MSCI Inc is a global investment management company that provides indexes and analytics for use in investment decisions. As of 2022, the company had a market capitalization of $39.2 billion and a return on equity of -70.72%. The company’s products are used by investment professionals, including asset managers, banks, and insurance companies, to make investment decisions.
– CRISIL Ltd ($BSE:500092)
CRISIL Ltd is a global analytical company providing ratings, research, and risk and policy advisory services. The company’s market cap as of 2022 is 218.36B, and its ROE is 30.52%. CRISIL’s products and services cover a wide range of industries and sectors, including banking, finance, and investment; infrastructure; power; and telecommunications. The company has a strong presence in India and also operates in the United States, Europe, and Asia.
Summary
Investors have been encouraged to consider MORNINGSTAR as a potential investment prospect following the release of the company’s second quarter earnings results for 2023. The total revenue for the quarter was USD 504.7 million, a 7.3% year-over-year increase, while net income was a substantial 19.9% increase year-over-year to USD 36.1 million. This indicates that the company is continuing to experience strong financial growth, and investors may be attracted to the potential returns. Analysts will be closely monitoring the company’s performance in the near future to assess if current trends are likely to continue.
