Morningstar, Inc.

Morningstar, Inc.

Morningstar, Inc.

Overview
Date Founded

1984

Headquarters

22 West Washington Street, Chicago, IL, 60602, USA

Type of Company

Public

Employees (Worldwide)

5,416

Industries

Investment Services & Portfolio Management
Other Business & Consulting Services
Market & Policy Research
IT Consulting & Services
Accounting & Financial Services
Computer Software

Company Description

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on more than 385,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services and has approximately $195 billion in assets under advisement or management as of Sept. 30, 2012. We have operations in 27 countries. We offer investment consulting and retirement planning services through Morningstar Associates, LLC and Ibbotson Associates; registered investment advisors and wholly owned subsidiaries of Morningstar, Inc. We also offer Morningstar® Managed Portfolios, an asset management service for financial advisors, through Morningstar Investment Services, Inc., a registered investment advisor, broker/dealer, and a subsidiary of Morningstar, Inc.

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Executives & Employees

Director & Chief Executive Officer

Chief Financial Officer

General Counsel

Chief Marketing Officer

Chief Technology Officer

Chief Revenue Officer

Chief Product Officer

Global Controller & Chief Accounting Officer

Chief Executive Officer-Pitchbook Data, Inc

Board of Directors

Chief Investment Officer at United Technologies Corporation

Director at Nasdaq, Inc.

Co-Founder at Compute Software, Inc.

Former Head of Distribution for The Americas at Credit Suisse AG

Co-Founder at Corporate Leadership Center

Strategic Partner at NextGen Growth Partners LLC

President & Director at Instron Corp.

Chief Executive Officer at ShowCase Corp.

Director & Chief Executive Officer at Morningstar, Inc.

President & Chief Executive Officer at SBI Holdings, Inc.

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Morningstar, Inc.
Owners & Shareholders
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Kayne Anderson Rudnick Investment Management is a registered investment advisor based in Los Angeles, California with approximately $7 billion in assets under management. Our clients include affluent individuals, endowments, foundations, corporations, public funds, and pension plans for who it manages a range of portfolios having a common disciplined, high-quality investment philosophy

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Atlanta Capital offers investment advisory services in a variety of equity, fixed income and mixed-asset strategies. In-depth fundamental analysis is the primary basis for their investment decision making process. Atlanta Capital invests principally in traditional equity (common stocks and equivalents) and debt securities. The firm seeks to achieve above-average long-term risk adjusted returns through emphasis on high quality equity or debt instruments they believe have unrecognized value or investment potential. For equities, high quality is generally measured by a company's demonstrated history of consistent growth and stability in earnings. For debt instruments, high quality typically relates to the probability of repayment (credit risk) and the predictability of when principal repayment will occur (stability of cash flow). Atlanta Capital operates with three distinct investment teams, Growth Equity, Core Equity and Fixed Income, each leveraging a central investment philosophy.

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BAMCO's investment strategy is to invest in growth businesses for capital appreciation potential. Each portfolio manager's ability to choose appropriate investments for an account has a significant impact on their ability to achieve an account's investment objective. The firm's investment professionals are focused on fundamental analyses of businesses. Their primary objective is to understand the key drivers of growth and profitability of each company in which they invest. They analyze the following financial information: income statement, cash flow statement, balance sheet, turnover and ROE metrics, unit economics, and other company-specific data. This information is filtered through their valuation models, which they use to extrapolate long-term trends. They have meetings with the management which is a critical element of the firm's research process.

Recent Transactions
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Morningstar, Inc., Morningstar Australasia Pty Ltd. purchase Cuffelinks Pty Ltd.

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Morningstar, Inc. purchases DBRS Ltd. from The Carlyle Group LP (Corporate Private Equity), Warburg Pincus LLC

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Broadridge Financial Solutions, Inc. purchases Morningstar, Inc. /15(c) Board Consulting Service Business from Morningstar, Inc.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onMorningstar, Inc. purchases DBRS Ltd. from Warburg Pincus LLC, The Carlyle Group LP (Corporate Private Equity)

Legal Advisor

Advised onMorningstar, Inc. purchases Inquiry Financial Europe AB

Auditor

Advised onMorningstar, Inc. issued Common Stock

Legal Advisor

Advised onMorningstar, Inc. purchases DBRS Ltd. from Warburg Pincus LLC, The Carlyle Group LP (Corporate Private Equity)

Legal Advisor

Advised onMorningstar, Inc. purchases DBRS Ltd. from Warburg Pincus LLC, The Carlyle Group LP (Corporate Private Equity)

Legal Advisor

Advised onMorningstar, Inc. purchases DBRS Ltd. from Warburg Pincus LLC, The Carlyle Group LP (Corporate Private Equity)

Advisors & Consultants
Legal Advisor

Partner at Winston & Strawn LLP

Legal Advisor

Chair, Litigation Practice at Winston & Strawn LLP

Legal Advisor

Shareholder Member, Board of Directors at Vedder Price P.C.

Clients

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

KKR & Co. L.P. (KKR) is a leading global investment firm with deep roots in private equity, diversified capabilities, and an impressive track record. When you partner with KKR, you benefit from decades of financial and operational experience, broad industry knowledge, and a powerful network of global relationships. Through an integrated approach, we work closely with companies and investment partners around the world to deliver flexible capital solutions. The power of partnership with KKR means we strive for better investments, stronger businesses, and shared success. With offices around the world, we fulfill our mission one investor at a time, one company at a time—and we do this as one global firm. As investors with an industrialist vision, we think long-term, pursue the highest standards of excellence, and align our interests with those of all our investment partners by putting our own capital behind our ideas

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform. The Intelligent Cloud segment refers to the public, private, and hybrid serve products and cloud services of the company which can power modern business. The More Personal Computing segment encompasses products and services geared towards the interests of end users, developers, and IT professionals across all devices. The firm also offers operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games; personal computers, tablets; gaming and entertainment consoles; other intelligent devices; and related accessories. The company was founded by Paul Gardner Allen and William Henry Gates III in 1975 and is headquartered in Redmond, WA.

Key Stats and Financials As of 2018
Market Capitalization
$6.65B
Total Enterprise Value
$4.4B
Earnings Per Share
$4.26
Revenue
$1.02B
Net Profit
$183M
EBITDA
$312M
EBITDAMargin
30.64%
Total Debt
$70M
Total Equity
$935M
Enterprise Value Sales
4.31x
Enterprise Value EBITDAOperating
14.07x
TEVNet Income
24.03x
Debt TEV
0.02x
Three Year Compounded Annual Growth Rate Of Revenue
8.94%
Five Year Compounded Annual Growth Rate Of Revenue
7.87%
Non-Profit Donations & Grants
$50K - $100K
2013
$50K - $100K
2011
$50K - $100K
2010
Investments
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Ellevest, Inc. provides investment advisory and portfolio management services. The firm manages separate client-focused portfolios. It employs fundamental analysis along with top-down approach to create its portfolios. The company was founded by Sallie Lee Krawcheck and Charlie Kroll in November 2014 and is headquartered in New York, NY.

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United Income, Inc. provides investment advisory services. Its services include account sequencing, asset diversification, budgeting, financial planning, health spending plans and investment management. The company was founded by Matt Fellowes in 2016 and is headquartered in Washington, DC.

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YCharts, Inc. provides online stock and financial data information. The firm offers insights on company valuation, growth and profitability trends in areas, such as market capitalization, revenue, net income, cash on hand, free cash flow, earnings per share, revenue growth, price to earnings and dividend yield. It focuses on industries such as biotechnology, drug, networking and investment brokers. The company was founded by Shawn Carpenter and Ara Anjargolian, Brian Hand, Michael W. Ferro Jr., Jai Shekhawat and Barney Merrick Harford in January 2009 and is headquartered in Chicago, IL.

Investors
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Chief Executive Officer & Director at Ripple Labs, Inc.

Suppliers
Apigee Corp. Internet Software & Services | Sunnyvale, CA

Apigee Corp. develops application programming interface platforms and predictive big data analytics technology. Its platforms include Gateway, Security, Analytics, Developer Portal, Operations, Platform Add Ons and Pricing. The company was founded by Ravi Chandra, Rajvir Singh, Jay Sethuram, Ravikrishna Cherukuri, Vikas Deolaliker and Meenakshi Singh on June 3, 2004 and is headquartered in San Jose, CA.

Northstar Financial Services Group LLC Holding Companies | Omaha, NE

Northstar Financial Services Group LLC operates as a holding company. It offers services within the financial industry, including asset management, pooled investment solutions, portfolio accounting, fund distribution and compliance and printing and marketing services. The firm provides accounting, human resources, marketing, legal, and sales leadership for all its subsidiaries. The company was founded by Michael Miola and Warren Patrick Clarke in 2003 and is headquartered in Omaha, NE.

Redtail Technology, Inc. IT Consulting & Services | Sacramento, CA

Redtail Technology, Inc. develops and provides customer relationship management tools for financial advisors. It offers an online and mobile platform for automated workflows, email broadcasting, seminar management, and custom exporting tools. The company was founded by Brian McLaughlin, Andy Hernandez, Gary Curry and Kathi Bacon in 2003 and is headquartered in Sacramento, CA.

Competitors
BlackRock, Inc. Investment Services & Portfolio Management - NEW YORK, NY

BlackRock is trusted to manage more money than any other investment firm. Their business is investing on behalf of their clients — from large institutions to parents and grandparents, teachers, nurses, doctors and people from all walks of life who entrust their savings to them. They are passionate about their work and intensely focused on performing at the highest levels. To get there, they strive to out-think and out-work competitors and find the best balance of risk and return across all investment styles on behalf of their clients.

The Charles Schwab Corp. Investment Banking & Brokerage - SAN FRANCISCO, CA

The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, retirement business, and support services as well as retirement business services, to independent registered investment advisors, independent retirement advisors, and recordkeepers. The company was founded by Charles R. Schwab in 1986 and is headquartered in San Francisco, CA.

Moody's Corp. Accounting & Financial Services - NEW YORK, NY

Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $2.3 billion in 2011, employs approximately 6,700 people worldwide and maintains a presence in 28 countries. Further information is available at www.moodys.com

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