MAT
Mattel Inc
Consumer
10/12/2015
Presented
Date | 10/06/2015 |
Price | $21.70 |
Market Cap | $7.35B |
Ent Value | $10.50B |
P/E Ratio | 17.93x |
Book Value | $7.57 |
Div Yield | 4.91% |
Shares O/S | 338.84M |
Ave Daily Vol | 5,200,397 |
Short Int | 18.51% |
Current
Price | $18.66 |
Market Cap | $6.34B |
Mattel, Inc. designs, manufactures and markets a broad variety of toy products. The company's portfolio of brands and products includes Mattel Girls & Boys Brands, including Barbie fashion dolls & accessories, Polly Pocket, Little Mommy, Disney Classics, and Monster High, Hot Wheels, Matchbox, and Tyco R/C vehicles and play sets, and CARS, Radica, Toy Story, Max Steel, WWE Wrestling, and Batman, and games & puzzles; Fisher-Price Brands, including Fisher-Price, Little People, BabyGear, and Imaginext, Dora the Explorer, Go Diego Go!, Thomas & Friends, Mickey Mouse Clubhouse, Disney's Jake and the Never Land Pirates, and See N Say, and Power Wheels; American Girl Brands, including My American Girl, the historical collection, and Bitty Baby. It operates through three segments: North America, International and American Girl. The North America segment markets and sells toys in the U.S. and Canada through the Mattel Girls & Boys Brands and Fisher-Price Brands categories. The International segment includes the products marketed by the North America segment, although some are developed or adapted for particular international markets. The American Girl segment is a direct marketer, children's publisher, and retailer best known for its flagship line of historical dolls, books, and accessories, as well as the My American Girl and Bitty Baby brands. The company was founded by Elliot Handler, Ruth Handler and Harold Matson in 1945 and is headquartered in El Segundo, CA. |
Publicly traded companies mentioned herein: Mattel (MAT) and Hasbro (HAS)
Highlights
In addition to popular brands including Barbie and Fisher Price, Mattel currently holds the license for Disney Princess, which includes the Frozen franchise - a big driver of sales over the past couple of years. The core business outside of Disney Princess, however, has been struggling in recent years. MAT swapped out management over that time frame, in part as a result of complacency setting in from years of being the category share leader in dolls. The company has since become excessively cost focused, leading to reduced investment in various areas including consumer insights and innovation. The presenter believes MAT has consequently lost connection with Millennial parents and changing consumer tastes.
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