NasdaqGS:HAS

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Hasbro, Inc., together with its subsidiaries, operates as a play and entertainment company.


Snowflake Analysis

Established dividend payer with acceptable track record.


Similar Companies

Share Price & News

How has Hasbro's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HAS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.7%

HAS

3.7%

US Leisure

4.0%

US Market


1 Year Return

-30.2%

HAS

3.3%

US Leisure

5.0%

US Market

Return vs Industry: HAS underperformed the US Leisure industry which returned 3.3% over the past year.

Return vs Market: HAS underperformed the US Market which returned 4.9% over the past year.


Shareholder returns

HASIndustryMarket
7 Day5.7%3.7%4.0%
30 Day-7.7%8.4%-1.1%
90 Day4.8%71.1%21.1%
1 Year-28.2%-30.2%5.4%3.3%7.2%5.0%
3 Year-27.8%-33.4%-1.7%-7.3%36.0%27.1%
5 Year9.8%-3.4%1.4%-7.5%65.3%46.9%

Price Volatility Vs. Market

How volatile is Hasbro's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hasbro undervalued compared to its fair value and its price relative to the market?

3.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HAS ($74.6) is trading below our estimate of fair value ($77.61)

Significantly Below Fair Value: HAS is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: HAS is poor value based on its PE Ratio (23x) compared to the Leisure industry average (22x).

PE vs Market: HAS is poor value based on its PE Ratio (23x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: HAS is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: HAS is good value based on its PB Ratio (3.7x) compared to the US Leisure industry average (3.8x).


Next Steps

Future Growth

How is Hasbro forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

20.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HAS's forecast earnings growth (20.3% per year) is above the savings rate (2.2%).

Earnings vs Market: HAS's earnings (20.3% per year) are forecast to grow slower than the US market (22.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HAS's revenue (6.9% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: HAS's revenue (6.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HAS's Return on Equity is forecast to be high in 3 years time (33.1%)


Next Steps

Past Performance

How has Hasbro performed over the past 5 years?

-8.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HAS has a large one-off loss of $160.5M impacting its March 29 2005 financial results.

Growing Profit Margin: HAS's current net profit margins (8.3%) are higher than last year (7.8%).


Past Earnings Growth Analysis

Earnings Trend: HAS's earnings have declined by -8.4% per year over the past 5 years.

Accelerating Growth: HAS's earnings growth over the past year (18.4%) exceeds its 5-year average (-8.4% per year).

Earnings vs Industry: HAS earnings growth over the past year (18.4%) exceeded the Leisure industry -10.1%.


Return on Equity

High ROE: HAS's Return on Equity (15.3%) is considered low.


Next Steps

Financial Health

How is Hasbro's financial position?


Financial Position Analysis

Short Term Liabilities: HAS's short term assets ($3.3B) exceed its short term liabilities ($1.7B).

Long Term Liabilities: HAS's short term assets ($3.3B) do not cover its long term liabilities ($5.9B).


Debt to Equity History and Analysis

Debt Level: HAS's debt to equity ratio (187.4%) is considered high.

Reducing Debt: HAS's debt to equity ratio has increased from 120.4% to 187.4% over the past 5 years.

Debt Coverage: HAS's debt is not well covered by operating cash flow (13%).

Interest Coverage: HAS's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Hasbro current dividend yield, its reliability and sustainability?

3.65%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: HAS's dividend (3.65%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: HAS's dividend (3.65%) is low compared to the top 25% of dividend payers in the US market (4.5%).


Stability and Growth of Payments

Stable Dividend: HAS's dividends per share have been stable in the past 10 years.

Growing Dividend: HAS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (83.8%), HAS's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HAS's dividends in 3 years are forecast to be covered by earnings (53.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.0yrs

Average management tenure


CEO

Brian Goldner (56yo)

12.17yrs

Tenure

US$17,960,878

Compensation

Mr. Brian D. Goldner is the Trustee of The Paley Center for Media. He also serves as an Independent Director at ViacomCBS Inc. (formerly known as CBS Corporation) since September 9, 2018. He has been the C ...


CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD17.96M) is above average for companies of similar size in the US market ($USD11.50M).

Compensation vs Earnings: Brian's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Brian Goldner
Chairman & CEO12.17yrsUS$17.96m0.83% $84.9m
John Frascotti
President 1.92yrsUS$7.07m0.063% $6.5m
Deborah Thomas
Executive VP & CFO11.17yrsUS$4.42m0.059% $6.0m
Stephen Davis
Special Advisor of Entertainment0.33yrUS$3.14m0.019% $1.9m
Wiebe Tinga
Executive Officer7.42yrsUS$3.25m0.029% $2.9m
Debbie Hancock
Senior Vice President of Investor Relationsno datano datano data
Tarrant Sibley
Executive VP2.17yrsno data0.018% $1.8m
Dolph Johnson
Executive VP & Chief Human Resources Officer8.5yrsno data0.020% $2.1m
Thomas Courtney
Executive VP & Chief Global Operations Officer8.5yrsno data0.016% $1.7m
Eric Nyman
Chief Consumer Officerno datano datano data

8.0yrs

Average Tenure

58.5yo

Average Age

Experienced Management: HAS's management team is seasoned and experienced (8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Brian Goldner
Chairman & CEO12.17yrsUS$17.96m0.83% $84.9m
John Frascotti
President 1.92yrsUS$7.07m0.063% $6.5m
Kenneth Bronfin
Independent Director12.33yrsUS$404.61k0.024% $2.5m
Edward Philip
Lead Independent Director3.17yrsUS$560.94k0.030% $3.1m
Alan Hassenfeld
Independent Director42.5yrsUS$343.63k5.48% $560.3m
Hope Cochran
Independent Director4.08yrsUS$305.00k0.0066% $675.6k
Tracy Leinbach
Independent Director12yrsUS$331.35k0.024% $2.5m
Lisa Gersh
Independent Director10yrsUS$436.38k0.019% $1.9m
Richard Stoddart
Independent Director6.33yrsUS$361.38k0.0099% $1.0m
Mary Beth Elizabeth West
Independent Director4.08yrsUS$297.93k0.0066% $675.6k

5.8yrs

Average Tenure

58yo

Average Age

Experienced Board: HAS's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.9%.


Top Shareholders

Company Information

Hasbro, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hasbro, Inc.
  • Ticker: HAS
  • Exchange: NasdaqGS
  • Founded: 1923
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: US$10.221b
  • Shares outstanding: 137.01m
  • Website: https://www.hasbro.com

Number of Employees


Location

  • Hasbro, Inc.
  • 1027 Newport Avenue
  • PO Box 1059
  • Pawtucket
  • Rhode Island
  • 02861-1059
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HASNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDAug 1971
0J3KLSE (London Stock Exchange)YesCommon StockGBUSDAug 1971
HASDB (Deutsche Boerse AG)YesCommon StockDEEURAug 1971
HASWBAG (Wiener Boerse AG)YesCommon StockATEURAug 1971
HASETLX (Eurotlx)YesCommon StockITEURAug 1971
HAS *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNAug 1971
H1AS34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 2 REPR 1 SHS UNSPONBRBRLJan 2020

Biography

Hasbro, Inc., together with its subsidiaries, operates as a play and entertainment company. The company’s U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada. Its International segment markets and sells toy and game products primarily in the Europe, the Asia Pacific, and Latin and South American regions. The company’s Entertainment and Licensing segment engages in consumer products licensing, digital gaming, and television and movie entertainment operations. It also acquires, finances, develops, produces, distributes, and sells entertainment content. The company offers its products under the MAGIC: THE GATHERING, MY LITTLE PONY, NERF, TRANSFORMERS, PLAY-DOH, MONOPOLY, BABY ALIVE, POWER RANGERS, FURREAL FRIENDS, PEPPA PIG, and PJ MASKS brands, as well as through premier partner brands. The company sells its products to wholesalers, distributors, chain stores, discount stores, drug stores, mail order houses, catalog stores, department stores, and other traditional retailers, as well as Internet-based e-retailers. Hasbro, Inc. was founded in 1923 and is headquartered in Pawtucket, Rhode Island. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 23:48
End of Day Share Price2020/07/02 00:00
Earnings2020/03/29
Annual Earnings2019/12/29


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.