HAS

Hasbro, Inc.

Consumer


Presented:05/03/2024
Price:$61.48
Cap:$8.53B
Current Price:$71.64
Cap:$9.99B

Presented

Date05/03/2024
Price$61.48
Market Cap$8.53B
Ent Value$10.82B
P/E RatioN/A
Book Value$7.23
Div Yield4.55%
Shares O/S138.79M
Ave Daily Vol1,840,515
Short Int9.41%

Current

Price$71.64
Market Cap$9.99B
Hasbro, Inc. engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The firm's brands of toys include Power Rangers, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh and Transformers. It operates through the following segments: Consumer Products, Wizards of the Coast and Digital Gaming, Entertainment, and Corporate and Other. The Consumer Products segment markets and sells toys and game products around the world. It also promotes brands through the out-licensing of trademarks, characters and other brand and intellectual property rights to third parties, and through the sale of branded consumer products such as toys and apparel. The Wizards of the Coast and Digital Gaming segment promotes the company's brands through the development of trading cards, role-playing and digital game experiences based on Hasbro and Wizards of the Coast properties. The Entertainment segment develops and distributes entertainment content including film, scripted and unscripted television, children's programming, digital content, and live entertainment. The Corporate and Other segment includes the management and administrative services to its principal reporting segments. The company was founded by Henry Hassenfeld and Hilal Hassenfeld in 1923 and is headquartered in Pawtucket, RI.

Publicly traded companies mentioned herein: Hasbro Inc (HAS)

Highlights

The presenter is short shares of global toys and gaming company Hasbro Inc (HAS), expecting weaker growth to result in poor earnings going forward. Hasbro has a struggling core toy business and decelerating growth at its Wizards of the Coast segment, which publishes games like Magic: The Gathering. Additionally, the company has experienced significant turnover in its management team recently. Given these factors, the presenter sees Hasbro producing 2024 EPS in the low $3 range, with the business generally capable of generating earnings per share in the mid to high $3 range. Applying a low double-digit earnings multiple (12x-13x), Hasbro should trade in the mid to high $40s.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.