HASBRO INC (HAS) Stock Fundamental Analysis
NASDAQ:HAS - Nasdaq - US4180561072 - Common Stock - Currency: USD
Overall HAS gets a fundamental rating of 5 out of 10. We evaluated HAS against 30 industry peers in the Leisure Products industry. While HAS has a great profitability rating, there are quite some concerns on its financial health. HAS has a correct valuation and a medium growth rate. Finally HAS also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year HAS was profitable.
In the past year HAS had a positive cash flow from operations.
Of the past 5 years HAS 4 years were profitable.
In the past 5 years HAS always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 6.08%, HAS is doing good in the industry, outperforming 80.00% of the companies in the same industry.
HAS has a better Return On Equity (33.31%) than 100.00% of its industry peers.
HAS's Return On Invested Capital of 12.73% is amongst the best of the industry. HAS outperforms 93.33% of its industry peers.
HAS had an Average Return On Invested Capital over the past 3 years of 9.69%. This is in line with the industry average of 8.15%.
The last Return On Invested Capital (12.73%) for HAS is above the 3 year average (9.69%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.08% | ||
| ROE | 33.31% | ||
| ROIC | 12.73% |
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
With an excellent Profit Margin value of 9.32%, HAS belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
HAS's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 19.16%, HAS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
HAS's Operating Margin has improved in the last couple of years.
HAS's Gross Margin of 64.61% is amongst the best of the industry. HAS outperforms 100.00% of its industry peers.
HAS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.16% | ||
| PM (TTM) | 9.32% | ||
| GM | 64.61% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), HAS is creating some value.
The number of shares outstanding for HAS has been increased compared to 1 year ago.
HAS has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, HAS has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.58 indicates that HAS is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of HAS (2.58) is comparable to the rest of the industry.
The Debt to FCF ratio of HAS is 5.20, which is a neutral value as it means it would take HAS, 5.20 years of fcf income to pay off all of its debts.
HAS has a Debt to FCF ratio of 5.20. This is comparable to the rest of the industry: HAS outperforms 56.67% of its industry peers.
A Debt/Equity ratio of 2.92 is on the high side and indicates that HAS has dependencies on debt financing.
The Debt to Equity ratio of HAS (2.92) is worse than 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.92 | ||
| Debt/FCF | 5.2 | ||
| Altman-Z | 2.58 |
ROIC/WACC1.53
WACC8.32%
2.3 Liquidity
HAS has a Current Ratio of 1.60. This is a normal value and indicates that HAS is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.60, HAS is doing worse than 70.00% of the companies in the same industry.
HAS has a Quick Ratio of 1.40. 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 (1.40) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.6 | ||
| Quick Ratio | 1.4 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 59.52% over the past year.
HAS shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.25% yearly.
HAS shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -17.34%.
The Revenue has been decreasing by -2.61% on average over the past years.
EPS 1Y (TTM)59.52%
EPS 3Y-8.34%
EPS 5Y-0.25%
EPS Q2Q%21.05%
Revenue 1Y (TTM)-17.34%
Revenue growth 3Y-13.64%
Revenue growth 5Y-2.61%
Sales Q2Q%-14.53%
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 9.13% yearly.
Based on estimates for the next years, HAS will show a small growth in Revenue. The Revenue will grow by 4.11% on average per year.
EPS Next Y3.3%
EPS Next 2Y7.32%
EPS Next 3Y7.99%
EPS Next 5Y9.13%
Revenue Next Year2.68%
Revenue Next 2Y4.01%
Revenue Next 3Y3.99%
Revenue Next 5Y4.11%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
A Price/Earnings ratio of 15.02 indicates a correct valuation of HAS.
Compared to the rest of the industry, the Price/Earnings ratio of HAS indicates a somewhat cheap valuation: HAS is cheaper than 76.67% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 28.92. HAS is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 14.54, HAS is valued correctly.
HAS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. HAS is cheaper than 73.33% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of HAS to the average of the S&P500 Index (21.65), we can say HAS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.02 | ||
| Fwd PE | 14.54 |
4.2 Price Multiples
63.33% of the companies in the same industry are more expensive than HAS, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HAS indicates a somewhat cheap valuation: HAS is cheaper than 76.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.02 | ||
| EV/EBITDA | 10.54 |
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 an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.55
PEG (5Y)N/A
EPS Next 2Y7.32%
EPS Next 3Y7.99%
5. Dividend
5.1 Amount
HAS has a Yearly Dividend Yield of 5.32%, which is a nice return.
Compared to an average industry Dividend Yield of 4.89, HAS pays a better dividend. On top of this HAS pays more dividend than 83.33% of the companies listed in the same industry.
HAS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.32% |
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 Years2
Div Non Decr Years11
5.3 Sustainability
101.12% of the earnings are spent on dividend by HAS. This is not a sustainable payout ratio.
The dividend of HAS is growing, but earnings are growing more, so the dividend growth is sustainable.
DP101.12%
EPS Next 2Y7.32%
EPS Next 3Y7.99%
60.37
+7.68 (+14.58%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners90.68%
Inst Owner Change0.18%
Ins Owners0.52%
Ins Owner Change4.8%
Market Cap8.46B
Analysts83.33
Price Target80.31 (33.03%)
Short Float %4.13%
Short Ratio3.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.32% |
Yearly Dividend2.8
Dividend Growth(5Y)1.82%
DP101.12%
Div Incr Years2
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)33.25%
Min EPS beat(2)32.47%
Max EPS beat(2)34.03%
EPS beat(4)4
Avg EPS beat(4)61.56%
Min EPS beat(4)32.47%
Max EPS beat(4)124.94%
EPS beat(8)5
Avg EPS beat(8)24.15%
EPS beat(12)7
Avg EPS beat(12)16.62%
EPS beat(16)11
Avg EPS beat(16)26.48%
Revenue beat(2)1
Avg Revenue beat(2)2.09%
Min Revenue beat(2)-2.04%
Max Revenue beat(2)6.23%
Revenue beat(4)3
Avg Revenue beat(4)2.54%
Min Revenue beat(4)-2.04%
Max Revenue beat(4)6.23%
Revenue beat(8)5
Avg Revenue beat(8)1.88%
Revenue beat(12)6
Avg Revenue beat(12)0.82%
Revenue beat(16)8
Avg Revenue beat(16)1.45%
PT rev (1m)0.8%
PT rev (3m)-0.25%
EPS NQ rev (1m)-2.52%
EPS NQ rev (3m)-0.76%
EPS NY rev (1m)-5.3%
EPS NY rev (3m)-6.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.02 | ||
| Fwd PE | 14.54 | ||
| P/S | 2.05 | ||
| P/FCF | 13.02 | ||
| P/OCF | 9.98 | ||
| P/B | 7.31 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.54 |
EPS(TTM)4.02
EY6.66%
EPS(NY)4.15
Fwd EY6.88%
FCF(TTM)4.64
FCFY7.68%
OCF(TTM)6.05
OCFY10.02%
SpS29.51
BVpS8.26
TBVpS-11.7
PEG (NY)4.55
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.08% | ||
| ROE | 33.31% | ||
| ROCE | 16.05% | ||
| ROIC | 12.73% | ||
| ROICexc | 14.82% | ||
| ROICexgc | 43.45% | ||
| OM | 19.16% | ||
| PM (TTM) | 9.32% | ||
| GM | 64.61% | ||
| FCFM | 15.72% |
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 Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.92 | ||
| Debt/FCF | 5.2 | ||
| Debt/EBITDA | 3.54 | ||
| Cap/Depr | 121.17% | ||
| Cap/Sales | 4.78% | ||
| Interest Coverage | 4.89 | ||
| Cash Conversion | 88.69% | ||
| Profit Quality | 168.54% | ||
| Current Ratio | 1.6 | ||
| Quick Ratio | 1.4 | ||
| Altman-Z | 2.58 |
F-Score6
WACC8.32%
ROIC/WACC1.53
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)59.52%
EPS 3Y-8.34%
EPS 5Y-0.25%
EPS Q2Q%21.05%
EPS Next Y3.3%
EPS Next 2Y7.32%
EPS Next 3Y7.99%
EPS Next 5Y9.13%
Revenue 1Y (TTM)-17.34%
Revenue growth 3Y-13.64%
Revenue growth 5Y-2.61%
Sales Q2Q%-14.53%
Revenue Next Year2.68%
Revenue Next 2Y4.01%
Revenue Next 3Y3.99%
Revenue Next 5Y4.11%
EBIT growth 1Y87%
EBIT growth 3Y-4.52%
EBIT growth 5Y3.49%
EBIT Next Year34.08%
EBIT Next 3Y17.35%
EBIT Next 5Y11.71%
FCF growth 1Y25.88%
FCF growth 3Y-1.75%
FCF growth 5Y4.58%
OCF growth 1Y16.79%
OCF growth 3Y1.19%
OCF growth 5Y5.35%