“This integration is a part of the natural progression of how Morningstar and PitchBook are working together to offer users a more complete view into private market trends by bridging relevant data sets. By coupling our public equity data with PitchBook’s market-leading private market insights, users get a more holistic look into a company, industry, or vertical to better inform their decisions,” said Frannie Besztery, CFA, head of data at Morningstar. “This is a shining example of how the acquisition is providing considerable benefits to PitchBook customers and is helping to strengthen both PitchBook and Morningstar’s data and technology offerings to all investors.”
The data integration comes on the heels of the one-year anniversary of Morningstar's acquisition of PitchBook in December 2016. This integration is the first in a series of public equity data rollouts within the PitchBook Platform.
“Our customers are seeking the best data and insights to drive fully informed data-driven investment and business decisions. This integration with Morningstar makes the PitchBook Platform an even more valuable tool," said Fabrice Forget, chief product officer at PitchBook. “This rollout signifies the hard work and strong collaboration between the Morningstar and PitchBook teams over the last year to integrate our data and analysis. As we continue to grow together, we have a tremendous opportunity to couple our private and public market knowledge to create the best insights and reports for the global private market community.”
The following public equity data sets are now available in the PitchBook Platform:
- Morningstar’s Public Company Fundamentals: Detailed coverage of up to 900 new financial data points and 170 calculations for more than 44,000 publicly traded companies worldwide, gives PitchBook Platform users the ability to quickly access, analyze, and compare detailed public company financial information. As a result, 300 percent more data is available in PitchBook Desktop, in addition to PitchBook Mobile and the PitchBook Excel plugin, ensuring users have access across every preferred method for viewing and analyzing market insights.
- Morningstar Equity Research Reports: In-depth analysis conducted by Morningstar equity analysts into the investment potential and competitive advantages of more than 1,500 public companies. These reports are differentiated by a focus on companies’ sustainable competitive advantages, or Economic Moats –the cornerstone of Morningstar’s equity research methodology – while also providing an independent and unbiased perspective.
Through Morningstar’s new and enhanced equity data capabilities, users can make better comparisons across industries, markets and accounting standards, with uniformly presented financial statement data and industry-oriented displays for banking, insurance and investment firms. In addition to this Morningstar integration, the PitchBook Platform offers consensus estimates for EPS, cash flow and revenue for public companies, allowing users to compare estimated growth rates across similar organizations or portfolios. Users can also access up to eight levels of data from financial statements with PitchBook’s financial tree structure to determine a company’s fiscal health.
More information on PitchBook’s Morningstar public data enhancements is available here.