Hasbro, Inc.

Consumer Discretionary
Recreational Games/Products/Toys
www.hasbro.com

Earnings Score
Moat Score
Safety Score

Market Cap $9.19B
PE -14
Debt $4.48B
Cash $696.10M
EV $12.98B
FCF $783.20M

Earnings

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Sales & Net Margins

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Earnings	-$641.20M
EBIT	-$568.40M
ROE	-49%
ROA	-8%
FCF	$783.20M
Equity	$1.31B
Growth Stability	-523%
PE	-14.33
PEG	5.2
PB	7.02
P/FCF	11.74
P/S	2.13
Price/Cash	0.08
Debt/Equity	3.42
Debt/FCF	5.73
Net Margins	14%
Gross Margins	68%
Op. Margins	-13%
Earnings CAGR	-2%
Sales Growth YoY	-15%
Sales Growth QoQ	29%
Sales CAGR	10%
FCF CAGR	-4%
Equity CAGR	3%
Earnings Stability	0.03
Earnings Growth YoY	-230%
Earnings Growth QoQ	61%
Earnings CAGR 5Y	-3%

Sales CAGR 5Y	-2%
FCF CAGR 5Y	-12%
Equity CAGR 5Y	-17%
Earnings CAGR 3Y	-14%
Sales CAGR 3Y	-14%
FCF CAGR 3Y	28%
Equity CAGR 3Y	-36%
Market Cap	$9.19B
Revenue	$4.32B
Dividend Yield	4%
Payout Ratio	-61%
Assets	$7.23B
Total Debt	$4.48B
Cash	$696.10M
Shares Outstanding	139.3M
EV	12.98B
Earnings Score	6%
Moat Score	33%
Safety Score	42%
Final Score	27%
Working Capital	968.8M
Current Ratio	1.47
Gross Profit	$2.93B
Shares Growth 3y	0%
Equity Growth QoQ	12%
Equity Growth YoY	-41%

Assets & ROA

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Stockholders Equity & ROE

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Hasbro is a branded play company providing children and families around the world with entertainment offerings based on a world-class brand portfolio. From toys and games to television programming, motion pictures, and a licensing program, Hasbro reaches customers by leveraging its well-known brands such as Transformers, Nerf, and Magic: The Gathering. Ownership stakes in Discovery Family, which offers programming around Hasbro brands, and owned production capabilities from Entertainment One help bolster Hasbro's multichannel presence. The firm acquired Entertainment One in 2019, bolting on popular properties like Peppa Pig and PJ Masks, and has plans to tie up with Dungeons & Dragons Beyond in 2022, offering the firm access 10 million digital tabletop players.

SEC Filings

Direct access to Hasbro, Inc. (HAS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 29
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Oct 01
- 10-Q Jul 02
- 10-Q Apr 02
2022
- 10-K Dec 25
- 10-Q Sep 25
- 10-Q Jun 26
- 10-Q Mar 27

Sector Comparison

How does Hasbro, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Hasbro, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -2%

Stability 3%

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Hasbro, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Hasbro, Inc..

Years

Calculation mode

= $5.9B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$783M	$750M	$718M	$688M	$659M	$631M	$605M	$579M	$555M	$531M	$509M	$5.1B
DCF		$682M	$594M	$517M	$450M	$392M	$341M	$297M	$259M	$225M	$196M	$2B
Value	$5.9B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	20%	23%	24%	8%	5%	11%	4%	7%	3%	-30%	14%
ROA	-	15%	15%	15%	6%	7%	5%	8%	4%	-24%	-8%
ROE	-	27%	29%	22%	13%	17%	8%	14%	7%	-137%	-49%

Good Net Margins (13.84%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	4.2	3.08	3.16	3.4	7.87	6.54	6.21	20.08	7.72	5.73
Debt over Equity	1.24	1.04	1.03	1.02	0.98	1.36	1.89	1.39	1.39	3.67	3.42
Growth Stability	-	-	-	85%	48%	100%	59%	100%	52%	-523%	-523%

Bad Debt/FCF ratio (5.73)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Bad Debt/Equity ratio (3.42)

The company is overleveraged and has a bad balance between equity and debt.

Bad Graham’s Stability (-523%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-3%	11%	137%	-12%	3%	16%	17%	-9%	-15%	-2%
Earnings YoY growth	-	8%	19%	-26%	-44%	136%	-57%	93%	-53%	-834%	-3%
Equity YoY growth	-	14%	12%	-2%	-4%	71%	-2%	4%	-7%	-62%	-17%
FCF YoY growth	-	20%	51%	-5%	-14%	3%	64%	-19%	-71%	160%	-12%