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    MORN  Morningstar Inc.

    Exchange

    NASDAQ

    Sector

    Finance

    Industry

    Investment Managers

    Market Cap.

    3.283B

    Excellent Cash Return on Invested Capital over the past 5 years

    MORN has efficiently invested its financial resources in buildings, projects, and equipment, resulting in strong returns. Annual Reports can be useful in identifying the cause of one-time events and future sustainability.

    MORN has created $35.04 of cash for every $100 invested.
    Figures in USD. Fiscal year ends in December
    20072008200920102011
    Free Cash Flow 101.02M 103.93M 83.81M 108.65M 141.65M
    divided by
    Invested Capital 172.88M 272.92M 370.15M 468.16M 431.26M
    Cash ROIC 58.43% 38.08% 22.64% 23.21% 32.85%

    Shrinking Return on Equity over the past 5 years

    MORN has been shrinking returns with capital that shareholders have invested. This is a negative sign and demonstrates that both the business and management performance are weakening over time.

    MORN has generated $14.03 of Earnings for every $100 of Shareholders' Equity.
    Figures in USD. Fiscal year ends in December
    20072008200920102011
    Net Income 73.92M 92.53M 82.46M 86.37M 98.36M
    divided by
    Stockholders' Equity 408.30M 535.53M 675.71M 780.32M 855.37M
    Return on Equity 18.10% 17.28% 12.20% 11.07% 11.50%

    Excellent Business Performance over the past 10 years

    MORN has been able to maintain profitability in good times and bad. This could mean MORN has an extremely strong business or has the ability to scale down costs when needed. This should be a fairly resilient business, but double check for future sustainability by looking at its Risk Factors in the Annual Report.

    MORN has created positive free cash flow for 9 or more of the past 10 years.
    Figures in USD. Fiscal year ends in December
    2002200320042005200620072008200920102011
    Free Cash Flow 10.55M 21.10M 25.13M 40.99M 93.96M 101.02M 103.93M 83.81M 108.65M 141.65M