HASBRO INC (HAS) Stock Fundamental Analysis
NASDAQ:HAS - Nasdaq - US4180561072 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to HAS. HAS was compared to 31 industry peers in the Leisure Products industry. HAS has a medium profitability rating, but doesn't score so well on its financial health evaluation. HAS has a decent growth rate and is not valued too expensively. Finally HAS also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
HAS had positive earnings in the past year.
HAS had a positive operating cash flow in the past year.
HAS had positive earnings in 4 of the past 5 years.
Each year in the past 5 years HAS had a positive operating cash flow.
1.2 Ratios
HAS's Return On Assets of -10.98% is on the low side compared to the rest of the industry. HAS is outperformed by 64.52% of its industry peers.
The Return On Equity of HAS (-235.71%) is worse than 90.32% of its industry peers.
HAS's Return On Invested Capital of 17.05% is amongst the best of the industry. HAS outperforms 96.77% of its industry peers.
HAS had an Average Return On Invested Capital over the past 3 years of 9.69%. This is above the industry average of 7.11%.
The last Return On Invested Capital (17.05%) for HAS is above the 3 year average (9.69%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -10.98% | ||
| ROE | -235.71% | ||
| ROIC | 17.05% |
ROA(3y)-4.83%
ROA(5y)-1.63%
ROE(3y)-33.25%
ROE(5y)-15.58%
ROIC(3y)9.69%
ROIC(5y)9.03%
1.3 Margins
HAS's Profit Margin has declined in the last couple of years.
The Operating Margin of HAS (19.95%) is better than 100.00% of its industry peers.
HAS's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 65.02%, HAS belongs to the best of the industry, outperforming 96.77% of the companies in the same industry.
HAS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.95% | ||
| PM (TTM) | N/A | ||
| GM | 65.02% |
OM growth 3Y10.55%
OM growth 5Y6.26%
PM growth 3Y11.77%
PM growth 5Y-3.3%
GM growth 3Y2.32%
GM growth 5Y4.07%
2. Health
2.1 Basic Checks
HAS has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
HAS has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, HAS has more shares outstanding
Compared to 1 year ago, HAS has a worse debt to assets ratio.
2.2 Solvency
HAS has an Altman-Z score of 3.28. This indicates that HAS is financially healthy and has little risk of bankruptcy at the moment.
HAS has a Altman-Z score of 3.28. This is in the better half of the industry: HAS outperforms 61.29% of its industry peers.
HAS has a debt to FCF ratio of 6.64. This is a slightly negative value and a sign of low solvency as HAS would need 6.64 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.64, HAS is in line with its industry, outperforming 58.06% of the companies in the same industry.
HAS has a Debt/Equity ratio of 13.77. This is a high value indicating a heavy dependency on external financing.
HAS's Debt to Equity ratio of 13.77 is on the low side compared to the rest of the industry. HAS is outperformed by 90.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 13.77 | ||
| Debt/FCF | 6.64 | ||
| Altman-Z | 3.28 |
ROIC/WACC1.96
WACC8.72%
2.3 Liquidity
A Current Ratio of 1.66 indicates that HAS should not have too much problems paying its short term obligations.
HAS has a Current ratio of 1.66. This is in the lower half of the industry: HAS underperforms 70.97% of its industry peers.
HAS has a Quick Ratio of 1.32. This is a normal value and indicates that HAS is financially healthy and should not expect problems in meeting its short term obligations.
HAS has a Quick ratio (1.32) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.66 | ||
| Quick Ratio | 1.32 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 17.66% over the past year.
The Earnings Per Share has been decreasing by -0.25% on average over the past years.
HAS shows a decrease in Revenue. In the last year, the revenue decreased by -6.47%.
Measured over the past years, HAS shows a decrease in Revenue. The Revenue has been decreasing by -2.61% on average per year.
EPS 1Y (TTM)17.66%
EPS 3Y-8.34%
EPS 5Y-0.25%
EPS Q2Q%6.56%
Revenue 1Y (TTM)-6.47%
Revenue growth 3Y-13.64%
Revenue growth 5Y-2.61%
Sales Q2Q%-1.46%
3.2 Future
HAS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.10% yearly.
HAS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.34% yearly.
EPS Next Y7.66%
EPS Next 2Y9.12%
EPS Next 3Y9.85%
EPS Next 5Y8.1%
Revenue Next Year7.36%
Revenue Next 2Y6.15%
Revenue Next 3Y5.24%
Revenue Next 5Y4.34%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.78, the valuation of HAS can be described as rather expensive.
Based on the Price/Earnings ratio, HAS is valued cheaply inside the industry as 83.87% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.11, HAS is valued a bit cheaper.
A Price/Forward Earnings ratio of 16.83 indicates a correct valuation of HAS.
67.74% of the companies in the same industry are more expensive than HAS, based on the Price/Forward Earnings ratio.
HAS is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.78, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.78 | ||
| Fwd PE | 16.83 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HAS is valued a bit cheaper than the industry average as 64.52% of the companies are valued more expensively.
61.29% of the companies in the same industry are more expensive than HAS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.57 | ||
| EV/EBITDA | 14.12 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates HAS does not grow enough to justify the current Price/Earnings ratio.
HAS has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.32
PEG (5Y)N/A
EPS Next 2Y9.12%
EPS Next 3Y9.85%
5. Dividend
5.1 Amount
HAS has a Yearly Dividend Yield of 3.62%. Purely for dividend investing, there may be better candidates out there.
HAS's Dividend Yield is rather good when compared to the industry average which is at 4.34. HAS pays more dividend than 80.65% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, HAS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.62% |
5.2 History
The dividend of HAS has a limited annual growth rate of 1.82%.
HAS has been paying a dividend for at least 10 years, so it has a reliable track record.
HAS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1.82%
Div Incr Years0
Div Non Decr Years11
5.3 Sustainability
HAS has negative earnings and hence a negative payout ratio. The dividend may be in danger.
HAS's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-68.85%
EPS Next 2Y9.12%
EPS Next 3Y9.85%
80.55
+0.23 (+0.29%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners89.72%
Inst Owner Change-0.87%
Ins Owners0.64%
Ins Owner Change4.99%
Market Cap11.29B
Analysts86.67
Price Target89.79 (11.47%)
Short Float %3.16%
Short Ratio1.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.62% |
Yearly Dividend2.8
Dividend Growth(5Y)1.82%
DP-68.85%
Div Incr Years0
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)59.89%
Min EPS beat(2)54.02%
Max EPS beat(2)65.75%
EPS beat(4)4
Avg EPS beat(4)46.57%
Min EPS beat(4)32.47%
Max EPS beat(4)65.75%
EPS beat(8)6
Avg EPS beat(8)39.87%
EPS beat(12)8
Avg EPS beat(12)25.52%
EPS beat(16)11
Avg EPS beat(16)23.15%
Revenue beat(2)2
Avg Revenue beat(2)12.12%
Min Revenue beat(2)10.35%
Max Revenue beat(2)13.9%
Revenue beat(4)3
Avg Revenue beat(4)7.11%
Min Revenue beat(4)-2.04%
Max Revenue beat(4)13.9%
Revenue beat(8)5
Avg Revenue beat(8)2.39%
Revenue beat(12)7
Avg Revenue beat(12)3.12%
Revenue beat(16)9
Avg Revenue beat(16)2.49%
PT rev (1m)13.86%
PT rev (3m)16.79%
EPS NQ rev (1m)-0.82%
EPS NQ rev (3m)-4.9%
EPS NY rev (1m)0%
EPS NY rev (3m)4.22%
Revenue NQ rev (1m)3.57%
Revenue NQ rev (3m)2.93%
Revenue NY rev (1m)3.53%
Revenue NY rev (3m)3.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.78 | ||
| Fwd PE | 16.83 | ||
| P/S | 2.66 | ||
| P/FCF | 22.57 | ||
| P/OCF | 16.32 | ||
| P/B | 46.82 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.12 |
EPS(TTM)4.53
EY5.62%
EPS(NY)4.79
Fwd EY5.94%
FCF(TTM)3.57
FCFY4.43%
OCF(TTM)4.94
OCFY6.13%
SpS30.33
BVpS1.72
TBVpS-13.05
PEG (NY)2.32
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -10.98% | ||
| ROE | -235.71% | ||
| ROCE | 21.48% | ||
| ROIC | 17.05% | ||
| ROICexc | 19.79% | ||
| ROICexgc | 50.57% | ||
| OM | 19.95% | ||
| PM (TTM) | N/A | ||
| GM | 65.02% | ||
| FCFM | 11.77% |
ROA(3y)-4.83%
ROA(5y)-1.63%
ROE(3y)-33.25%
ROE(5y)-15.58%
ROIC(3y)9.69%
ROIC(5y)9.03%
ROICexc(3y)10.94%
ROICexc(5y)10.35%
ROICexgc(3y)33.49%
ROICexgc(5y)33.79%
ROCE(3y)12.29%
ROCE(5y)11.43%
ROICexcg growth 3Y5.85%
ROICexcg growth 5Y9.03%
ROICexc growth 3Y10.42%
ROICexc growth 5Y-3.32%
OM growth 3Y10.55%
OM growth 5Y6.26%
PM growth 3Y11.77%
PM growth 5Y-3.3%
GM growth 3Y2.32%
GM growth 5Y4.07%
F-Score6
Asset Turnover0.82
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 13.77 | ||
| Debt/FCF | 6.64 | ||
| Debt/EBITDA | 3.34 | ||
| Cap/Depr | 131.53% | ||
| Cap/Sales | 4.51% | ||
| Interest Coverage | 5.04 | ||
| Cash Conversion | 69.62% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.66 | ||
| Quick Ratio | 1.32 | ||
| Altman-Z | 3.28 |
F-Score6
WACC8.72%
ROIC/WACC1.96
Cap/Depr(3y)98.46%
Cap/Depr(5y)78.05%
Cap/Sales(3y)3.98%
Cap/Sales(5y)3.26%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)17.66%
EPS 3Y-8.34%
EPS 5Y-0.25%
EPS Q2Q%6.56%
EPS Next Y7.66%
EPS Next 2Y9.12%
EPS Next 3Y9.85%
EPS Next 5Y8.1%
Revenue 1Y (TTM)-6.47%
Revenue growth 3Y-13.64%
Revenue growth 5Y-2.61%
Sales Q2Q%-1.46%
Revenue Next Year7.36%
Revenue Next 2Y6.15%
Revenue Next 3Y5.24%
Revenue Next 5Y4.34%
EBIT growth 1Y32.46%
EBIT growth 3Y-4.52%
EBIT growth 5Y3.49%
EBIT Next Year47.05%
EBIT Next 3Y19.43%
EBIT Next 5Y11.49%
FCF growth 1Y273.84%
FCF growth 3Y-1.75%
FCF growth 5Y4.58%
OCF growth 1Y100.9%
OCF growth 3Y1.19%
OCF growth 5Y5.35%