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Hasbro

Nasdaq:HAS
Snowflake Description

Established dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HAS
Nasdaq
$10B
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Hasbro, Inc., together with its subsidiaries, operates as a play and entertainment company. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Hasbro has significant price volatility in the past 3 months.
HAS Share Price and Events
7 Day Returns
7.1%
NasdaqGS:HAS
13%
US Leisure
7.2%
US Market
1 Year Returns
-16.1%
NasdaqGS:HAS
-25.5%
US Leisure
-10.4%
US Market
HAS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hasbro (HAS) 7.1% -9.8% -32.1% -16.1% -25.9% 11.7%
US Leisure 13% -11% -30.3% -25.5% -35.7% -36.9%
US Market 7.2% -12.6% -19.4% -10.4% 8.3% 21%
1 Year Return vs Industry and Market
  • HAS outperformed the Leisure industry which returned -25.5% over the past year.
  • HAS underperformed the Market in United States of America which returned -10.4% over the past year.
Price Volatility
HAS
Industry
5yr Volatility vs Market

Value

 Is Hasbro undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hasbro to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hasbro.

NasdaqGS:HAS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:HAS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Leisure Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.949 (1 + (1- 21%) (42.79%))
1.18
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.18 * 5.44%)
8.16%

Discounted Cash Flow Calculation for NasdaqGS:HAS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hasbro is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:HAS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.16%)
2020 480.25 Analyst x6 444.01
2021 535.78 Analyst x5 457.97
2022 534.90 Analyst x1 422.72
2023 929.90 Analyst x1 679.43
2024 1,076.33 Est @ 15.75% 727.08
2025 1,200.60 Est @ 11.55% 749.83
2026 1,303.89 Est @ 8.6% 752.89
2027 1,389.22 Est @ 6.54% 741.63
2028 1,460.11 Est @ 5.1% 720.66
2029 1,519.89 Est @ 4.09% 693.56
Present value of next 10 years cash flows $6,389.00
NasdaqGS:HAS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1,519.89 × (1 + 1.74%) ÷ (8.16% – 1.74%)
$24,080.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $24,080.65 ÷ (1 + 8.16%)10
$10,988.56
NasdaqGS:HAS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6,389.00 + $10,988.56
$17,377.56
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $17,377.56 / 136.88
$126.96
NasdaqGS:HAS Discount to Share Price
Calculation Result
Value per share (USD) From above. $126.96
Current discount Discount to share price of $71.52
= -1 x ($71.52 - $126.96) / $126.96
43.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Hasbro is available for.
Intrinsic value
44%
Share price is $71.52 vs Future cash flow value of $126.96
Current Discount Checks
For Hasbro to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hasbro's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hasbro's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hasbro's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hasbro's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:HAS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-29) in USD $4.07
NasdaqGS:HAS Share Price ** NasdaqGS (2020-03-31) in USD $71.52
United States of America Leisure Industry PE Ratio Median Figure of 15 Publicly-Listed Leisure Companies 12.9x
United States of America Market PE Ratio Median Figure of 2,938 Publicly-Listed Companies 13.11x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hasbro.

NasdaqGS:HAS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:HAS Share Price ÷ EPS (both in USD)

= 71.52 ÷ 4.07

17.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hasbro is overvalued based on earnings compared to the US Leisure industry average.
  • Hasbro is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Hasbro's expected growth come at a high price?
Raw Data
NasdaqGS:HAS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
11.4%per year
United States of America Leisure Industry PEG Ratio Median Figure of 12 Publicly-Listed Leisure Companies 0.93x
United States of America Market PEG Ratio Median Figure of 2,007 Publicly-Listed Companies 1.01x

*Line of best fit is calculated by linear regression .

NasdaqGS:HAS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.58x ÷ 11.4%

1.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hasbro is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hasbro's assets?
Raw Data
NasdaqGS:HAS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-29) in USD $21.89
NasdaqGS:HAS Share Price * NasdaqGS (2020-03-31) in USD $71.52
United States of America Leisure Industry PB Ratio Median Figure of 26 Publicly-Listed Leisure Companies 2.14x
United States of America Market PB Ratio Median Figure of 5,134 Publicly-Listed Companies 1.27x
NasdaqGS:HAS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:HAS Share Price ÷ Book Value per Share (both in USD)

= 71.52 ÷ 21.89

3.27x

* Primary Listing of Hasbro.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hasbro is overvalued based on assets compared to the US Leisure industry average.
X
Value checks
We assess Hasbro's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Leisure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Leisure industry average (and greater than 0)? (1 check)
  5. Hasbro has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hasbro expected to grow at an attractive rate?
  • Hasbro's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Hasbro's earnings growth is positive but not above the United States of America market average.
  • Hasbro's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:HAS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:HAS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 11.4%
NasdaqGS:HAS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 12%
United States of America Leisure Industry Earnings Growth Rate Market Cap Weighted Average 17.2%
United States of America Leisure Industry Revenue Growth Rate Market Cap Weighted Average 15.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:HAS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:HAS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 7,964 1,115 821 2
2022-12-31 7,077 715 725 5
2021-12-31 6,504 785 673 15
2020-12-31 6,175 632 574 15
2020-04-01
2019-12-31 4,742 664 371 15
NasdaqGS:HAS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-29 4,720 653 520
2019-09-29 4,681 861 262
2019-06-30 4,676 741 313
2019-03-31 4,596 593 360
2018-12-30 4,580 646 220
2018-09-30 4,787 697 206
2018-07-01 5,008 599 208
2018-04-01 5,076 630 216
2017-12-31 5,210 724 397
2017-10-01 5,244 824 595
2017-07-02 5,132 877 587
2017-04-02 5,038 916 571

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hasbro's earnings are expected to grow by 11.4% yearly, however this is not considered high growth (20% yearly).
  • Hasbro's revenue is expected to grow by 12% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:HAS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Hasbro Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HAS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 5.93 5.93 5.93 1.00
2022-12-31 5.18 5.29 5.07 2.00
2021-12-31 4.88 6.80 4.37 9.00
2020-12-31 4.26 6.28 3.76 9.00
2020-04-01
2019-12-31 2.89 2.95 2.81 6.00
NasdaqGS:HAS Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-29 4.07
2019-09-29 2.07
2019-06-30 2.47
2019-03-31 2.84
2018-12-30 1.75
2018-09-30 1.64
2018-07-01 1.66
2018-04-01 1.72
2017-12-31 3.17
2017-10-01 4.75
2017-07-02 4.69
2017-04-02 4.56

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hasbro is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Hasbro's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hasbro has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hasbro performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hasbro's growth in the last year to its industry (Leisure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hasbro's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Hasbro's 1-year earnings growth exceeds its 5-year average (136.3% vs -8.6%)
  • Hasbro's earnings growth has exceeded the US Leisure industry average in the past year (136.3% vs -3.4%).
Earnings and Revenue History
Hasbro's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hasbro Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HAS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-29 4,720.23 520.45 1,552.50 262.16
2019-09-29 4,681.38 261.88 1,512.91 252.36
2019-06-30 4,675.89 312.79 1,504.03 250.81
2019-03-31 4,595.82 359.65 1,393.56 245.04
2018-12-30 4,579.65 220.43 1,476.18 246.17
2018-09-30 4,786.60 206.37 1,579.34 259.31
2018-07-01 5,008.41 208.09 1,654.00 260.88
2018-04-01 5,076.46 215.52 1,662.46 263.82
2017-12-31 5,209.78 396.61 1,608.61 269.02
2017-10-01 5,243.61 594.63 1,624.43 268.22
2017-07-02 5,131.87 586.85 1,582.34 270.92
2017-04-02 5,038.31 571.23 1,558.66 271.80
2016-12-25 5,019.82 551.38 1,546.85 266.38
2016-09-25 4,855.24 534.42 1,491.02 259.56
2016-06-26 4,646.48 484.22 1,440.75 254.27
2016-03-27 4,565.19 473.92 1,406.67 248.21
2015-12-27 4,447.51 451.84 1,370.18 242.94
2015-09-27 4,280.75 445.99 1,327.14 239.67
2015-06-28 4,279.65 418.84 1,329.65 233.10
2015-03-29 4,311.25 410.51 1,323.66 227.20
2014-12-28 4,277.21 415.93 1,309.69 222.56
2014-09-28 4,260.39 375.83 1,292.93 209.73
2014-06-29 4,160.84 321.95 1,264.81 210.88
2014-03-30 4,097.92 324.96 1,248.03 207.08
2013-12-29 4,082.16 286.20 1,240.38 203.49
2013-09-29 4,083.91 286.68 1,247.57 200.16
2013-06-30 4,058.70 324.96 1,230.00 189.26

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hasbro has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hasbro used its assets less efficiently than the US Leisure industry average last year based on Return on Assets.
  • Hasbro's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hasbro's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Leisure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hasbro has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hasbro's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hasbro's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hasbro is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hasbro's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hasbro's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hasbro Company Filings, last reported 3 months ago.

NasdaqGS:HAS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-29 2,995.53 4,046.96 4,605.89
2019-09-29 1,840.91 1,704.11 1,085.35
2019-06-30 1,715.87 1,708.62 1,175.40
2019-03-31 1,654.53 1,708.87 1,220.82
2018-12-30 1,754.49 1,704.83 1,206.28
2018-09-30 1,887.28 1,715.03 931.31
2018-07-01 1,766.75 1,714.47 1,183.29
2018-04-01 1,571.36 1,715.59 1,623.53
2017-12-31 1,829.96 1,848.57 1,605.67
2017-10-01 1,956.25 1,882.27 1,269.18
2017-07-02 1,832.49 1,735.89 1,457.47
2017-04-02 1,851.64 1,614.00 1,486.68
2016-12-25 1,885.44 1,720.97 1,305.86
2016-09-25 1,776.59 1,726.74 853.86
2016-06-26 1,649.00 1,553.15 947.15
2016-03-27 1,646.54 1,636.43 1,118.55
2015-12-27 1,704.07 1,711.68 999.29
2015-09-27 1,584.01 1,673.87 574.13
2015-06-28 1,469.89 1,727.77 891.22
2015-03-29 1,487.74 1,791.81 1,104.54
2014-12-28 1,508.39 1,798.33 916.73
2014-09-28 1,542.51 1,637.92 476.48
2014-06-29 1,496.24 1,569.08 619.68
2014-03-30 1,638.60 1,420.65 829.45
2013-12-29 1,727.79 1,396.62 713.67
2013-09-29 1,570.70 1,603.25 612.12
2013-06-30 1,456.03 1,585.27 1,045.98
  • Hasbro's level of debt (135.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (119.2% vs 135.1% today).
  • Debt is not well covered by operating cash flow (16.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6x coverage).
X
Financial health checks
We assess Hasbro's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hasbro has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.8%
Current annual income from Hasbro dividends. Estimated to be 4.02% next year.
If you bought $2,000 of Hasbro shares you are expected to receive $76 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hasbro's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.95%).
  • Hasbro's dividend is below the markets top 25% of dividend payers in United States of America (5.4%).
Upcoming dividend payment

Purchase Hasbro before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:HAS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
United States of America Leisure Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:HAS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 2.94 2.00
2021-12-31 2.92 8.00
2020-12-31 2.81 8.00
2020-04-01
2019-12-31 2.70 8.00
NasdaqGS:HAS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-12-05 2.720 3.205
2019-07-31 2.720 2.509
2019-05-16 2.720 2.558
2019-05-01 2.720 2.709
2019-04-23 2.720 2.668
2018-12-06 2.520 2.924
2018-08-01 2.520 2.549
2018-05-17 2.520 2.724
2018-05-02 2.520 2.890
2018-04-23 2.520 2.902
2018-02-26 2.520 2.863
2018-02-07 2.520 2.577
2017-12-07 2.280 2.452
2017-08-03 2.280 2.394
2017-05-18 2.280 2.102
2017-05-10 2.280 2.261
2017-04-24 2.280 2.274
2016-12-08 2.040 2.250
2016-08-01 2.040 2.495
2016-05-19 2.040 2.420
2016-05-05 2.040 2.398
2016-04-18 2.040 2.370
2015-12-10 1.840 2.495
2015-07-30 1.840 2.435
2015-05-21 1.840 2.428
2015-02-17 1.840 2.811
2014-12-11 1.720 3.100
2014-07-31 1.720 3.153
2014-05-22 1.720 3.261
2014-02-10 1.720 3.149
2013-12-12 1.600 3.073
2013-08-01 1.600 3.286
2013-05-23 1.600 3.507
2013-04-22 1.600 3.373
2013-02-27 1.600 3.734
2013-02-07 1.600 3.966
2012-12-06 1.440 3.895
2012-10-04 1.440 3.842
2012-05-17 1.440 4.025
2012-02-02 1.440 4.007
2011-12-08 1.200 3.581
2011-10-06 1.200 3.327
2011-05-19 1.200 3.044
2011-02-03 1.200 2.598
2010-12-09 1.000 2.155
2010-09-30 1.000 2.139
2010-05-20 1.000 2.389
2010-02-04 1.000 2.629
2009-12-03 0.800 2.535
2009-10-01 0.800 2.806
2009-05-21 0.800 3.082

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hasbro's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Hasbro's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hasbro afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hasbro has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Hasbro's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brian Goldner
COMPENSATION $8,499,623
AGE 55
TENURE AS CEO 11.9 years
CEO Bio

Mr. Brian D. Goldner serves as Independent Director at ViacomCBS Inc. (formerly known as CBS Corporation) since September 9, 2018. He has been the Chief Executive Officer of Hasbro, Inc. since May 2008. Mr. Goldner has day-to-day responsibility for all of Hasbro's North American toy and game operations. He served as President of Hasbro, Inc. from May 22, 2008 to February 6, 2017. He served as a Senior Executive Vice President and Chief Operating Officer of Tiger Electronics, Ltd. He served as the Chief Operating Officer of Hasbro Inc., from January 2006 to 2008 and also served as its President of U S Toys Segment from 2001 to 2003 and again from 2003 to 2006 and also served as its Head of Operations segment. Mr. Goldner served as the President of U.S. Toys of Hasbro Inc. from 2003 to 2006. From 2000 to 2001, he served as Senior Vice President and General Manager of U.S. Toys and Chief Operating Officer at Bandai America, Inc. from 1997 to 2000. He has been the Chairman of the Board at Hasbro Inc. since May 21, 2015. He served as Director at The Gap, Inc since August 12, 2016 until May 22, 2019. He has been a Director of Hasbro Inc. since 2008. He serves as a Director of The Miriam Hospital. He serves on the Board of Directors at Bradley Hospital in Rhode Island (The Rhode Island Hospital). He is a member of the Producers Guild of America and sits on the board of trustees at Moses Brown School in Providence, RI. He served as an Independent Director at Molson Coors Brewing Company from November 18, 2010 to May 25, 2016. He completed Executive Education Program at the Amos Tuck School. Mr. Goldner is a graduate of Dartmouth College.

CEO Compensation
  • Brian's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Brian's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Hasbro management team in years:

7.7
Average Tenure
57.5
Average Age
  • The average tenure for the Hasbro management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Brian Goldner

TITLE
Chairman & CEO
COMPENSATION
$8M
AGE
55
TENURE
11.9 yrs

John Frascotti

TITLE
President
COMPENSATION
$7M
AGE
58
TENURE
3.2 yrs

Deborah Thomas

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
55
TENURE
10.9 yrs

Steve Davis

TITLE
Special Advisor of Entertainment
COMPENSATION
$3M
AGE
57
TENURE
0.1 yrs

Wiebe Tinga

TITLE
Executive Officer
COMPENSATION
$3M
AGE
58
TENURE
7.2 yrs

Debbie Hancock

TITLE
Senior Vice President of Investor Relations

Tarrant Sibley

TITLE
Executive VP
AGE
50
TENURE
1.9 yrs

Dolph Johnson

TITLE
Executive VP & Chief Human Resources Officer
AGE
60
TENURE
8.3 yrs

Tom Courtney

TITLE
Executive VP & Chief Global Operations Officer
AGE
58
TENURE
8.3 yrs

Eric Nyman

TITLE
Chief Consumer Officer
Board of Directors Tenure

Average tenure and age of the Hasbro board of directors in years:

5.5
Average Tenure
57
Average Age
  • The tenure for the Hasbro board of directors is about average.
Board of Directors

John Frascotti

TITLE
President
COMPENSATION
$7M
AGE
58
TENURE
1.7 yrs

Alan Hassenfeld

TITLE
Independent Director
COMPENSATION
$331K
AGE
70
TENURE
42.3 yrs

Brian Goldner

TITLE
Chairman & CEO
COMPENSATION
$8M
AGE
55
TENURE
4.9 yrs

Ted Philip

TITLE
Lead Independent Director
COMPENSATION
$550K
AGE
54
TENURE
2.9 yrs

Tracy Leinbach

TITLE
Independent Director
COMPENSATION
$326K
AGE
59
TENURE
11.8 yrs

Hope Cochran

TITLE
Independent Director
COMPENSATION
$308K
AGE
48
TENURE
3.8 yrs

Mary Beth Elizabeth West

TITLE
Independent Director
COMPENSATION
$284K
AGE
56
TENURE
3.8 yrs

Ken Bronfin

TITLE
Independent Director
COMPENSATION
$402K
AGE
59
TENURE
12.1 yrs

Hall Gersh

TITLE
Independent Director
COMPENSATION
$404K
AGE
60
TENURE
9.8 yrs

Rich Stoddart

TITLE
Independent Director
COMPENSATION
$354K
AGE
56
TENURE
6.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
20. May 19 Sell Stephen Davis Individual 16. May 19 16. May 19 -4,200 $98.24 $-412,607
07. May 19 Sell Thomas Courtney Individual 03. May 19 03. May 19 -3,687 $105.00 $-387,135
03. May 19 Sell Wiebe Tinga Individual 01. May 19 01. May 19 -5,000 $103.00 $-515,000
03. May 19 Sell Dolph Johnson Individual 01. May 19 01. May 19 -4,701 $102.50 $-481,853
29. Apr 19 Sell Tarrant Sibley Individual 26. Apr 19 26. Apr 19 -4,000 $102.20 $-408,814
29. Apr 19 Sell Wiebe Tinga Individual 25. Apr 19 25. Apr 19 -5,000 $101.89 $-509,456
29. Apr 19 Sell Stephen Davis Individual 25. Apr 19 25. Apr 19 -4,878 $101.80 $-496,600
X
Management checks
We assess Hasbro's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hasbro has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Much Did Hasbro, Inc.'s (NASDAQ:HAS) CEO Pocket Last Year?

First, this article will compare CEO compensation with compensation at other large companies. … Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance. … The graphic below shows how CEO compensation at Hasbro has changed from year to year.

Simply Wall St -

Does This Valuation Of Hasbro, Inc. (NASDAQ:HAS) Imply Investors Are Overpaying?

Today, we will estimate the stock's intrinsic value by taking the expected future cash flows and discounting them to their present value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF ($, Millions) $600.5m $661.0m $713.1m $758.3m $798.1m $834.0m $867.1m $898.3m $928.2m $957.5m Growth Rate Estimate Source Analyst x6 Est @ 10.09% Est @ 7.88% Est @ 6.33% Est @ 5.25% Est @ 4.5% Est @ 3.97% Est @ 3.6% Est @ 3.34% Est @ 3.15% Present Value ($, Millions) Discounted @ 8.99% $550.9 $556.5 $550.8 $537.4 $519.0 $497.6 $474.7 $451.2 $427.8 $404.9 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= $5.0b The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$957m × (1 + 2.7%) ÷ (9% – 2.7%) = US$16b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$16b ÷ ( 1 + 9%)10 = $6.65b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $11.62b.

Simply Wall St -

Is Now The Time To Look At Buying Hasbro, Inc. (NASDAQ:HAS)?

Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … If you believe HAS should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable. … If you are no longer interested in Hasbro, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

Simply Wall St -

It Might Not Be A Great Idea To Buy Hasbro, Inc. (NASDAQ:HAS) For Its Next Dividend

Check out our latest analysis for Hasbro Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. … Last year Hasbro paid out 106% of its profits as dividends to shareholders, suggesting the dividend is not well covered by earnings. … That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow.

Simply Wall St -

Did Hasbro, Inc. (NASDAQ:HAS) Insiders Sell Shares?

So we'll take a look at whether insiders have been buying or selling shares in Hasbro, Inc. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for Hasbro Hasbro Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the Independent Director, Alan Hassenfeld, sold US$39m worth of shares at a price of US$97.69 per share. … Over the last year we saw more insider selling of Hasbro shares, than buying.

Simply Wall St -

Should You Be Impressed By Hasbro, Inc.'s (NASDAQ:HAS) ROE?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Hasbro: 22% = US$360m ÷ US$1.7b (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … The Importance Of Debt To Return On Equity Companies usually need to invest money to grow their profits. … Hasbro's Debt And Its 22% ROE Hasbro clearly uses a significant amount of debt to boost returns, as it has a debt to equity ratio of 1.03.

Simply Wall St -

Does Hasbro (NASDAQ:HAS) Have A Healthy Balance Sheet?

NasdaqGS:HAS Historical Debt, June 29th 2019 How Healthy Is Hasbro's Balance Sheet? … Because it carries more debt than cash, we think it's worth watching Hasbro's balance sheet over time. … Over the most recent three years, Hasbro recorded free cash flow worth 71% of its EBIT, which is around normal, given free cash flow excludes interest and tax.

Simply Wall St -

Is Hasbro, Inc. (NASDAQ:HAS) Creating Value For Shareholders?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Hasbro: 0.17 = US$691m ÷ (US$4.9b - US$949m) (Based on the trailing twelve months to March 2019.) So, Hasbro has an ROCE of 17%. … How Hasbro's Current Liabilities Impact Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

Is Hasbro's (NASDAQ:HAS) 102% Share Price Increase Well Justified?

During five years of share price growth, Hasbro achieved compound earnings per share (EPS) growth of 2.7% per year. … As well as measuring the share price return, investors should also consider the total shareholder return (TSR). … We note that for Hasbro the TSR over the last 5 years was 130%, which is better than the share price return mentioned above.

Simply Wall St -

Is Hasbro, Inc.'s (NASDAQ:HAS) High P/E Ratio A Problem For Investors?

Hasbro has a price to earnings ratio of 37.24, based on the last twelve months. … Check out our latest analysis for Hasbro How Do You Calculate Hasbro's P/E Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Hasbro: P/E of 37.24 = $105.92 ÷ $2.84 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

Company Info

Description

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.

Details
Name: Hasbro, Inc.
HAS
Exchange: NasdaqGS
Founded: 1923
$9,793,543,840
136,876,923
Website: http://www.hasbro.com
Address: Hasbro, Inc.
1027 Newport Avenue,
PO Box 1059,
Pawtucket,
Rhode Island, 02861-1059,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS HAS Common Stock Nasdaq Global Select US USD 10. Aug 1971
DB HAS Common Stock Deutsche Boerse AG DE EUR 10. Aug 1971
LSE 0J3K Common Stock London Stock Exchange GB USD 10. Aug 1971
BRSE HAS Common Stock Berne Stock Exchange CH CHF 10. Aug 1971
WBAG HAS Common Stock Wiener Boerse AG AT EUR 10. Aug 1971
BMV HAS * Common Stock Bolsa Mexicana de Valores MX MXN 10. Aug 1971
ETLX HAS Common Stock Eurotlx IT EUR 10. Aug 1971
BOVESPA H1AS34 BDR EACH 2 REPR 1 SHS UNSPON Bolsa de Valores de Sao Paulo BR BRL 27. Jan 2020
Number of employees
Current staff
Staff numbers
5,600
Hasbro employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 01:17
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/29
Last annual earnings reported: 2019/12/29


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.