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RISK CONCERN
Investment Strategy, Risk Analysis, and Insights by Chartered Professionals
Hasbro, Inc. (XNAS:HAS) In-Depth Stock/Fundamental/Options Analysis Today
Primary Facts
HAS
Name:
Hasbro, Inc. (XNAS:HAS)
Sector:
105.50M
Industry:
Leisure
CEO:
Mr. Brian Goldner
Total Employees:
6,640
Our Technological Advancement Rating
Our Rating:
D
Technological advancement compared to industry is -263.25% lower
ANALYSIS OF ALL CRITICAL FACTORS & RISKS RELATED TO THE STOCK & FUNDAMENTAL/LONG-TERM ANALYSIS OF HASBRO, INC.(HAS) AS PER DATA ANALYSIS OF LAST 3 YEARS AND COMPARISON WITH COMPETITORS/PEERS, AND LEISURE INDUSTRY. DATE: 07/09/2022
Primary Targets/Price Insights
Previous Close ($) :
78.71
One Month Price Target:
$79.04
Six Month Price Target :
$80.71
Likely Price in One Year's Time:
Ticker:
$82.72
Likely Trading Range Today Under (Normal Volatility)
$78.37
Price Upper limit ($) :
$79.04
Price Lower limit ($) :
Crash Risk Prep/Key Price Levels (High Volatility/Risk)
Price, as per data analysis, isn't likely to fall below:
Today:
$74.69
This week:
$69.73
This month :
$60.75
Other Primary facts
Market Cap:
10.87B
Market Cap Classification:
Mid Cap
Number of Shares
IPO Date:
138.09M
Best/Worst Daily Performance (Last 3+ Years)
Highest Daily Appreciation:
21.67%
-18.7%
Worst Daily Decline:
Our Options Trading Entry Points
Iron Condor entry points for options expiring in 1 week's time
Low risk (<2%) entry points
Buy Call:
Sell Call:
Buy Put:
Sell Put:
$97.36
$88.89
$60.06
$68.53
Medium risk (<10%) entry points
Buy Call
Sell Call
$86.13
Buy Put:
Sell Put:
$84.33
$71.26
$73.09
These entry points can be used for other strategies, such as butterflies, straddles, etc.
Risk-Adjusted returns (Sharpe Ratio) of
HAS
Sharpe Ratio:
-0.54%
Comparison:
HAS, is amongst the top 40% stocks with lowest risk-adjusted returns
Sharpe ratio is -130.44% lower than the industry
& is -123.71% lower than the market/S&P 500 average
Average Returns/Yield of
HAS
Daily returns:
0.00%
Weekly returns:
-0.02%
Monthly returns:
-0.09%
Yearly returns:
16.56%
Comparison of returns:
Average annual returns/yield (last 3 years) is -106.61% below industry average
Classification:
HAS, is amongst the top 40% lowest yielding stocks in terms of daily returns
Results of T-Test of Returns:
0.64
Statistical test of Returns:
HAS has yielded returns statistically similar to the market
Volatility (measured by Standard Deviation)
Daily Volatility:
2.48%
Weekly Volatility:
5.55%
Monthly Volatility:
11.10%
Yearly Volatility:
38.45%
Volitlilty of last five days (Measured by Standard Deviation)
Average Volatility of this Week:
0.74%
Volatility in last five trading days has been -70.31% below long-term volatility
Value at Risk Analysis (VaR)
Daily VaR:
-5.10%
Weekly VaR:
-11.41%
Monthly VaR:
-22.81%
How Much Can the price of
HAS
Decline in a Recession?
Likely price decline in a recession:
Base case (decline):
-20%
Worst case (decline):
-79.03%
This translates to price declining to:
$62.78
This translates to price declining to:
$16.50
Severe Crash Probability
Risk of crash in next 6/12 months: Low (<25%)
What is Value at Risk (VaR)?
Risk Fundamentals
HAS is a 61.03% riskier investment compared to the market/S&P 500 & is 37.95% riskier than Nasdaq (IXIC)
Risk (measured by volatility) is -25.76% below industry average
Overall, it is amongst the top 50% most risky stocks
Beta Examination of
HAS
Beta in relation to market/S&P 500--0.76
Expected beta in 1 year's time:
0.59
Expected beta in 3 year's time:
0.834
Unlevered (debt free) Beta:
0.404
Beta in relation to Nasdaq (XNAS):
0.745
Beta in relation to all global stocks::
0.76
Beta Comparison & Analysis
Beta of competitors/peers::
1.397
Beta is -45.72% lower than peers
Average Industry Beta:
1.42
Beta is -46.61% below industry average
Sustainable Growth Rate Analysis
Sustainable growth rate for this stock/firm:
1.77%
Sustainable growth rate is -95.83% below industry average
Alpha provided | Alpha Analysis
Alpha provided:
-0.094
Alpha is -356.55% below industry average alpha yield
Alpha is -601% below the market average
Analysis of Cost of Capital of
HAS
Equity cost of capital:
0.083
Equity cost of capital is -35.21% below industry mean WACC
Unlevered (without debt) cost of capital:
4.44%
Before-tax cost of debt:
4.34%
After-tax cost of debt:
3.43%
Overall debt rating:
Lower BB medium grade (Fifth highest grade)
Weighted average cost of capital (WACC):
3.43%
WACC is -24.61% below industry mean WACC
Key Per-Share Metrics & Analysis
Revenue per share:
$46.84
Revenue growth rate per share of (3Y):
3.5
Annual revenue growth rate is -67.53% below industry average
EPS:
$2.69
Expected Annual growth rate of EPS (3Y):
-6.00%
Expected future EPS growth rate is -119.52% lower than the Leisure industry
Free cash flow (FCF) per share:
$3.16
Balance sheet equity growth per share: 10.44%
Equity growth rate per share is -17.26% lower than the industry
Debt per share
$27.07
EBITDA per share
$11.90
Valuation Analysis Today of
HAS
P/E Ratio:
20.29
P/E Ratio of Competitors/Peers:
1000.01
P/E ratio is -97.97% lower than main peers & is -52.71% lower than the industry
Stock price/value with industry average P/E ratio: $115.41
HAS is -31.80% undervalued if valued using industry average P/E ratio
Share value as per dividend discount (DDM) model: $143.93
Present value of the expected future dividends only: $34.12
P/S (Price to Sales ratio):
1.68
Price to sales ratio is -44.09% below the industry mean
P/B (Price to book value ratio):
3.5
Price to free cash flow: 24.93
Price to free cash flow ratio is -37.40% lower than the industry
Net income growth rate (3Y):
77.37%
Net income growth rate is -53.70% lower than the industry average net income growth rate
Dividend Analysis
Dividend payout rate: 25.29%
Dividend yeild: 3.48%
Previous Dividend: $0.70
Previous adjusted dividend: $0.70
Previous Dividend: $2.74
Expected next dividend best case: $0.71
Expected next dividend worst case: $0.69
Average dividend payment (long-term): $0.68
Average dividend increase/decrease (growth rate) % per period: 0.29%
Expected next dividend payment date: 15/08/2022
Expected next dividend record date: 08/01/2022
Expected next dividend declaration date: 17/08/2022
Previous dividend payment date: 16/05/2022
Previous dividend record date: 05/02/2022
Previous dividend declaration date: 19/05/2022
Dividend History:
2022-04-29--$0.70
2021-10-29--$0.68
2021-04-30--$0.68
2022-01-31--$0.68
2021-07-30--$0.68
2021-02-01--$0.68
Dividend growth rate is -116.12% lower than the industry average
In-depth Debt & Leverage Analysis
Debt to equity ratio:
122.72%
Net debt to equity ratio:
97.79%
Debt to assets ratio:
39.27%
Net debt to assets ratio:
31.29%
Debt-to-asset ratio is -39.01% below industry average
Ability to repay debt:
Interest coverage ratio:
9.48
Interest coverage ratio is -87.35% less than industry average
Looking forward:
Debt growth rate:
-21.06%
Annual debt growth is -144% lower than industry average debt growth rate
Debt repayment rate in last quarter: 3.46%
Analysis of Key Statistics
Correlation of price movement with the market:
0.623
Statistical significance of correlation:
HAS has a statistically significant correlation with the market
Average Correlation of the industry with the market:
0.567
Stock price is 9.87% more correlated with the market, compared to the industry average correlation
R Squared (percentage of price movement explained by movement of the market):
0.567
Correlation of price movement with Nasdaq (^IXIC):
0.012
Covariance of price movement with the market:
0.017
Kurtosis
16.57
Returns have severe fat-tails (leptokurtic), i.e., returns considerably higher or lower than the mean returns are considerably more likely, compared to assets with normally distributed returns
Skewness of returns:
0.223
Returns are, approximately, symmetrical
Fundamental Analysis & Dupont Analysis of
HAS
Gross Profit Margin Ratio:
244%
Operating Profit Margin Ratio:
11.38%
Operating profit margin is 160.98% higher than the industry
Net Profit Margin Ratio:
244%
Effective Tax Rate:
28.52%
Effective tax rate is 41.25% higher than the industry
Dupont Method
Net Profit Margin
Return on Equity Ratio (ROE):
×
ROA
=
×
12.27%
Return on equity (ROE) is -50.21% lower than the industry
Financial Leverage
Asset Turnover Ratio (ROA):
3.93%
Return on assets (ROA) is -38.10% lower than the industry
Financial Leverage:
1.6x
Current Ratio:
1.59
Current ratio is -27.75% below industry average
Cash Conversion Cycle (days):
21.7
Cash conversion cycle is -66.75% below industry average
The remaining useful life of property plant & equipment is: 21.7 years
Stock based compensation to net income ratio:
4.84%
In-depth Efficiency Analysis
Revenue generated per employee:
974.2K
Each employee generates 32% more revenue than industry average revenue per employee
EBITDA generated per employee:
247.4K
Each employee generates 69% more EBITDA than industry average revenue per employee
Profit generated per employee:
56.3K
Each employee generates -23% less net income/profit than industry average revenue per employee
Free cash flow (FCF) generated per employee:
15.9K
Each employee generates -155% less free cash flow than industry average revenue per employee
Assets/Capital per employee
943.3K
Each employee generates -155% less free cash flow than industry average revenue per employee
Research & Development (R&D) Analysis
Research & development (R&D) investment growth rate-- 21.65%
Growth rate in R&D investment/expenditure is 71.53% higher than the industry
Competitors/Peer firms of
HAS
LIBERTY MEDIA CORPORATION (XNAS:FWONA)
LIBERTY MEDIA CORPORATION (XNAS:FWONK)
OLAPLEX HOLDINGS, INC. (XNAS:OLPX)
H World Group Limited (XNAS:HTHT)
PELOTON INTERACTIVE, INC. (XNAS:PTON)
LKQ CORPORATION (XNAS:LKQ)
DRAFTKINGS INC. (XNAS:DKNG)
FIVE BELOW, INC. (XNAS:FIVE)
WYNN RESORTS, LIMITED (XNAS:WYNN)
Current Analyst Ratings
Strong buy�17%
Buy�13%
Hold�29%
Sell�0%
Strong sell�0%
Overall analyst sentiment is: Hold
Income Statement
Period:
TTM
Date:
3/27/22
Revenue:
6.47B
Cost of Revenue:
Gross Profit:
R&D Expense
General & Admin Expenses:
Selling, General & Admin Expenses
Sales and Marketing Expenses
Other Expenses :
Operating Expenses :
Cost & Expenses :
Interest Income:
Interest Expenses:
Depreciation & Amortization:
EBITDA:
Operating Income:
Other Income Expenses:
Income Before Tax:
Income Tax Expense:
Net Income:
Balance Sheet
Date:
Calendar Year:
Period:
Cash & Cash Equivalents:
Short Term Investments:
Cash & Short Term Investments:
Net Receivables:
Inventory:
Other Current Assets:
Total Current Assets:
PP&E:
Goodwill:
Intangible Assets:
Long Term Investments:
Tax Assets:
Other Non-Current Assets:
Total Non-Current Assets:
Other Assets:
Total Assets:
Accounts Payable:
Short Term Debt:
Tax Payables:
Deferred Revenue:
Other Current Liabilities:
Total Current Liabilities:
Long Term Debt:
Other Non-Current Liabilities:
Total Non Current Liabilities:
Other Liabilities:
Total Liabilities:
Common Stock:
Retained Earnings:
Accumulated Other Comprehensive Loss:
Other Total Stockholders' Equity:
Total Stockholders' Equity:
Total Liabilities and Stockholders' Equity:
Total Investments:
Total Debt:
Net Debt:
2.57B
3.90B
323.50M
-
1.95B
1.95B
780.60M
3.05B
6.30M
173.40M
944.00M
1.64B
736.00M
373.70M
532.60M
151.90M
373.70M
Statement of Cash Flow
Date:
Period:
190.70M
Differed Income Tax :
- 33400.00K
Stock Based Compensation :
18.10M
Change in Working Capital :
61.90M
Accounts Receivables:
559.80M
Other Working Capital:
24.00M
Other Non-Cash Items:
- 165500.00K
Net Cash Provided by Operating Activities:
134.70M
Investments in PP&E:
- 29200.00K
Net Acquisitions:
-
Purchases of Investments:
-
Sales/Maturities of Investments:
Other Investing Activities:
Net Cash Used for Investing Activities:
Debt Repayment:
Common Stock Issued:
Common Stock Repurchased:
Dividend Paid:
Other Financing Activities:
Net Cash Used Provided by Financing Activities:
Effect of FOREX on Changes in Cash:
Net Changes in Cash:
Cash at End of Period:
Cash at Beginning of Period:
Operating Cash Flow:
Capital Expenditure:
Free Cash Flow (FCF):
3/27/22
2022
Q1
1.02B
-
1.02B
931.70M
644.30M
660.20M
3.26B
422.60M
3.42B
1.14B
-
-
1.28B
6.26B
-
9.52B
411.70M
259.90M
107.20M
97.60M
1.27B
2.04B
3.74B
633.60M
4.37B
-
6.41B
110.10M
4.22B
- 246900.0K
- 1038100.00K
March 27, 2022 at 6:00:00 AM
5.62B
3.05B
9.46B
-
4.00B
3.0B
-
5.30M
- 23900.00K
- 133900.00K
-
-
- 94500.00K
150.90M
- 77500.00K
5.40M
38.70M
1.06B
1.02B
134.70M
- 29200.00K
105.50M
Our Proprietary Portfolio Rating
Our Rating:
A+
Price Forecast/Expected Price in Next 5 Years of
HAS
2023
2024
2025
2026
2027
$83.13
$732.14
$769.44
$808.64
$849.83