Deep analyst research — but the valuation is theirs, not yours.
| Feature | Lemma Analysis | Morningstar |
|---|---|---|
| Editable, self-driven DCF | ✓ | Analyst model |
| Reverse DCF (implied growth) | ✓ | ✗ |
| Investment thesis journal with review dates | ✓ | ✗ |
| Portfolio factor & drawdown analytics | ✓ | Premium |
| Stock screener | ✓ | ✓ |
| Analyst research reports | ✗ | ✓ |
| Economic-moat ratings | ✗ | ✓ |
| Free to start | ✓ | Limited |
Morningstar is a trusted research brand known for analyst fair-value estimates, economic-moat ratings and fund coverage. The research is deep, but the valuation is an analyst’s model behind a premium subscription — not a DCF you open up and drive yourself.
Respected analyst research, economic-moat ratings and star ratings.
Excellent mutual-fund and ETF coverage with a long, trusted track record.
Morningstar hands you a fair value; Lemma Analysis hands you the model. Edit growth, margins and WACC yourself, see the margin of safety, and compare bear/base/bull scenarios.
Reverse DCF shows the growth already baked into a stock’s price — a fast, independent sanity check on any analyst target.
Get a DCF, screener, portfolio analytics and a thesis-with-review-dates journal without a premium paywall, and record why you hold each name.
Sign up in a moment — no credit card. Everything below is included on the free plan.
Open any ticker and the DCF is pre-filled from years of financials. Change any assumption and fair value, margin of safety and the sensitivity grid update live.
Screen for candidates, then track them on a watchlist with a margin-of-safety target so each name carries an undervalued / fair / rich signal.
Record why you own each position and give it a review date. Reaffirm or exit when the date comes due — a habit the other tools don’t give you.
Yes. Lemma Analysis is free to start, with an editable DCF, reverse DCF, a stock screener, portfolio analytics and a thesis journal — no premium subscription required to value a stock.
Morningstar gives you an analyst’s fair value; Lemma Analysis gives you the DCF model so you set the assumptions and run a reverse DCF yourself. It also adds a thesis journal to track why you own each position.
Yes, and those are real strengths we don’t try to replicate. If your decisions lean on analyst research and moat ratings, Morningstar is strong there; if you want to drive the valuation yourself, that’s where Lemma Analysis fits.
Yes — Lemma Analysis is free to start. Open any ticker and the DCF is pre-filled from years of financials for you to adjust.
Free to start. No credit card.